Global Tire Market Set to Grow at over 3.7% CAGR until 2025

According to the global tire market report by IMARC Group, the market is expected to reach a volume of 4.0 Billion Units by 2025, growing at a CAGR of 3.7% during the forecast period (2020-2025). A tire refers to a strong, flexible, pneumatic structure which is primarily manufactured with natural and synthetic rubber, wire, fabric, carbon black and other chemical compounds. It encircles a wheel's rim so as to offer a strong grip between the vehicle and the road. Moreover, tires assist in protecting as well as enhancing the overall performance of a vehicle by providing a flexible cushion that reduces vibrations and absorbs shocks. Owing to this, tires are installed in automobiles like buses, trucks, tractors, industrial vehicles like forklifts, and common conveyances such as wheelchairs, motorcycles, bicycles, and shopping carts.

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Global Tire Market Trends:

An increase in the sales of commercial and passenger vehicles, especially in the developing economies like India and China, is boosting the growth of the tire industry. This can be accredited to rising population, rapid urbanization, altering lifestyles and inflating purchasing power of the consumers. Apart from this, a rise in R&D investments by the manufacturers and adoption of advanced technologies, such as eco tires, flat run tires and nitrogen-based tires, are also providing a thrust to the market growth.

Additionally, as re-tread tires are more cost-effective in nature and help in preventing the complete replacement tires, they are contributing to the sales of tires worldwide. Further, the emerging trend of individualization and diversification of tire sizes, depending on the vehicle model, are anticipated to spur the growth of the tire market in the upcoming years.

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Tire Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Segment
5.3.1 OEM Market
5.3.1.1 Market Trends
5.3.1.2 Market Forecast
5.3.2 Replacement Market
5.3.2.1 Market Trends
5.3.2.2 Market Forecast
5.4 Market Breakup by Application
5.4.1 Passenger Car/ Light truck
5.4.1.1 Market Trends
5.4.1.2 Market Forecast
5.4.2 Commercial Tires (Trucks)
5.4.2.1 Market Trends
5.4.2.2 Market Forecast
5.4.3 Commercial Tires (Off- Highway)
5.4.3.1 Market Trends
5.4.3.2 Market Forecast
5.5 Market Forecast
5.6 SWOT Analysis
5.6.1 Overview
5.6.2 Strengths
5.6.3 Weaknesses
5.6.4 Opportunities
5.6.5 Threats
5.7 Value Chain Analysis
5.8 Porter's Five Forces Analysis
5.8.1 Overview
5.8.2 Bargaining Power of Buyers
5.8.3 Bargaining Power of Suppliers
5.8.4 Degree of Competition
5.8.5 Threat of New Entrants
5.8.6 Threat of Substitutes
5.9 Key Success and Risk Factors
5.10 Price Analysis
5.10.1 Key Price Indicators
5.10.2 Price Structure
5.10.3 Margin Analysis
6 Competitive Landscape
6.1 Market Structure
6.2 Market Breakup by Key Players
7 Performance of Key Regions
7.1 India
7.1.1 Market Overview
7.1.2 Market Performance
7.1.3 Market Breakup by Application
7.1.4 Market Forecast
7.1.5 Key Players
7.2 Japan
7.2.1 Market Overview
7.2.2 Market Performance
7.2.3 Market Breakup by Application
7.2.4 Market Forecast
7.2.5 Key Players
7.3 Europe
7.3.1 Market Overview
7.3.2 Market Performance
7.3.3 Market Breakup by Application
7.3.4 Market Forecast
7.3.5 Key Players
7.4 China
7.4.1 Market Overview
7.4.2 Market Performance
7.4.3 Market Breakup by Application
7.4.4 Market Forecast
7.4.5 Key Players
7.5 Russia
7.5.1 Market Overview
7.5.2 Market Performance
7.5.3 Market Breakup by Application
7.5.4 Market Forecast
7.5.5 Key Players
7.6 United States
7.6.1 Market Overview
7.6.2 Market Performance
7.6.3 Market Breakup by Application
7.6.4 Market Forecast
7.6.5 Key Players
7.7 Brazil
7.7.1 Market Overview
7.7.2 Market Performance
7.7.3 Market Breakup by Application
7.7.4 Market Forecast
7.7.5 Key Players
8 Tire Manufacturing Process
8.1 Product Overview
8.2 Detailed Process Flow
8.3 Various Types of Unit Operations Involved
8.4 Mass Balance and Raw Material Requirements
9 Project Details, Requirements and Costs Involved
9.1 Land Requirements and Expenditures
9.2 Construction Requirements and Expenditures
9.3 Plant Machinery
9.4 Machinery Pictures
9.5 Raw Material Requirements and Expenditures
9.6 Raw Material and Final Product Pictures
9.7 Packaging Requirements and Expenditures
9.8 Transportation Requirements and Expenditures
9.9 Utility Requirements and Expenditures
9.10 Manpower Requirements and Expenditures
9.11 Other Capital Investments
10 Loans and Financial Assistance
11 Project Economics
11.1 Capital Cost of the Project
11.2 Techno-Economic Parameters
11.3 Product Pricing and Margins Across Various Levels of the Supply Chain
11.4 Taxation and Depreciation
11.5 Income Projections
11.6 Expenditure Projections
11.7 Financial Analysis
11.8 Profit Analysis
12 Key Player Profiles
12.1 Bridgestone Corporation Japan
12.2 Groupe Michelin France
12.3 Goodyear Tyre & Rubber Co.
12.4 Continental AG Germany
12.5 Pirelli & C. S.p.A.

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