Automotive Tire Chains Market in Passenger Segment is Projected to Grow Exponentially By 2025
Based on product, the automotive tire chains market share is segmented into rubber, metal, and others. The growth in the rubber chains can be attributed to the benefits offered including easier fitment along with higher flexibility of the material to any tire size. Moreover, the lower damages to the original tire along with minimum maintenance requirements further accentuates the segment size over the study period.
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Supporting government regulations for promoting the usage of automotive tire chains across certain roads and corridors are providing a positive outlook for the automotive tire chains market expansion over the projected timeframe. For instance, in 2018, the Nevada Department of Transportation announced the mandatory fitment of chains for driving across certain routes across the state.
The continuous usage of tire chains in vehicles with significantly higher power output tend to affect the brake lines negatively. Moreover, the performance vehicles usually have lower space in between the wheels and the suspension system, that may lead to the tire chains to get stuck, thereby causing sensor malfunctioning. Industry players are continuously testing multiple materials for use in the tire chains for overcoming the issues.
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Automotive Tire Chains Market, By Product, 2013 - 2025 (USD Million)
Automotive Tire Chains Market, By Vehicle, 2013 - 2025 (USD Million)
• Passenger Vehicles
• Commercial Vehicles
Asia Pacific automotive tire chains market size will grow significantly over the study period. This can be credited to the availability of low-cost chain alternatives for multiple vehicle models. Moreover, governments across the region are actively promoting the fitment of chains for safety during driving in snow conditions. For instance, the Japanese government is planning for regulations to mandate the usage of chains during heavy snow situations across the country.
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