Automotive Tires Market Top Key Players - Goodyear , Hankook , Bridgestone , Yokohama , Kumho, Michelin, Continental Tires, Pirelli, Dunlop, Sumitomo Rubber Industries, MRF Tires

Global Automotive tire market size is estimated at ~$142 Billion in cumulative revenue in 2020. Bridgestone, the world leader in tire manufacturing, saw annual sales increase 15% in the first and second quarters of 2020 due to plant closures and sluggish demand. Fourth-quarter sales fell short of expectations. However, during this period, demand for tires for trucks and buses continued to be strong, and it was the segment that drove the recovery. The company also focuses on the efficiency and improvement of production.

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US AUTOMOTIVE TIRES MARKET

Because SUVs are so popular in the US, crossovers and pickups, which account for about 71% of new car sales in 2019, are fitted with 17, 18 or 19-inch tires as standard. Aspect ratio 60/65 225 and 235 section tires are most common in the US market.

EUROPE AUTOMOTIVE TIRES MARKET

Hatchbacks are popular in Europe, accounting for ~ 28% of new car sales each year. Many basic variants of these popular hatchbacks (VW Polo, VW Golf, Toyota Yaris, Fiat 500) have 14 and 15 inch tires that go up to 17 and 18 inch tires with higher trim / sport variants.

CHINA AUTOMTOVE TIRES MARKET

• In China, the average size of tires is 16 inches, as sedans dominate the top-selling segment. The Haval H6 is the only SUV in the top 10 selling with 19-inch tires. Overall, the top-selling 19-inch tires are limited to SUVs. However, in the premium segment, vehicles with these 19-inch tires are very common.

• The Volkswagen is the best-selling OEM in the country and three of the four top models are the Lavida, Bora and Santana with 15-inch tires. In that regard, Santana has the smallest tires in the area in terms of rim size, and we both have 14-inch wheels.

INDIA AUTOMOTIVE TIRES MARKET

• The 13-inch rim size is quite common among the top 10 cars. The best-selling Alto model in Japan is equipped with the smallest 12-inch wheels in Japan. It is also fitted with 145mm section wide tires.

• The 14-inch wheel is the most commonly seen type in the country, followed by the 15-inch wheel. The 17-inch wheels are found in some variants of the Innova and XUV300, which have 215mm cross-section tires along with the Tata Nexon model.

• The Mahindra Scorpio is the only model on the best-seller list with section-wide 235mm tires and 17-inch wheels.

• steel wheels were the most common type of wheel set among the top 10 domestic sellers. This car has alloy wheels as an option.

JAPAN AUTOMOTIVE TIRES MARKET

In the sedan and SUV category, chrome metallic wheels and aluminum alloy wheels are found almost out of the top ten. Aluminum wheels are a standard option on most vehicles in the region. Stillfills can only be seen in three of the top 10 cars in the country.

COMPANY PROFILES
• Goodyear
• Hankook
• Bridgestone
• Yokohama
• Kumho
• Michelin
• Continental Tires
• Pirelli
• Dunlop
• Sumitomo Rubber Industries
• MRF Tires

Read More Information: https://mobilityforesights.com/product/automotive-tires-market/

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