Automotive Tyre Market 2021 Analysis by Top Manufacturers – Bridgestone, GoodYear, Continental, Michelin, Sumitomo, Hankook, Pirelli, Yokohama

The Automotive Tyre Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Automotive Tyre Market with its specific geographical regions.

 “In 2020, the global Automotive Tyre market size was US$ 126800 million and it is expected to reach US$ 183820 million by the end of 2027, with a CAGR of 5.2% during 2021-2027.”

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Top leading Companies Profiled in Automotive Tyre Market Report are Bridgestone, GoodYear, Continental, Michelin, Sumitomo, Hankook, Pirelli, Yokohama, Zhongce Rubber, Toyo Tire Corporation, Cooper Tire, Apollo Tyres, KUMHO TIRES, Linglong Tire, MRF, Cheng Shin Rubber(Maxxis), Sailun Group, Nokian Tyres, Triangle Tire Group, JK TYRE, AEOLUS TYRE, Giti, Nexen Tire

News and Updates

Apollo Tyres launches premium tyre brand Vredestein to India- Apollo Tyres is gearing up to extend its range of locally manufactured tyres in the luxury vehicle space with the Vredestein brand in the coming days. “We are bringing in our Dutch brand, Vredestein, and it's going to be launched in India very soon,” confirmed Satish Sharma, President, Asia Pacific, Middle East and Africa, Apollo Tyres, in an interview with Autocar India. He mentioned that the company will leverage the global brand to cater to “the whole market segment of 17-24-inch tyres.”

Goodyear India launches new tyres for cars and SUVs- Goodyear India today launched two new products – Assurance DuraPlus 2 and Wrangler AT SilentTrac targeted at passenger vehicles in the Indian market. While Assurance Duraplus 2 is designed for small to midsized passenger cars and aimed at value-conscious tyre buyers, the Wrangler AT SilentTrac is targeted at SUVs whose drivers seek  adventure and full control over the wheels.

Market Overview

Automotive Tyre is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Automotive Tyre provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.

The Europe held the largest share in the global market, its revenue of global market exceeds 35%. The next is Asia Pacific. Bridgestone, GoodYear, Continental, Michelin and Sumitomo are the top 5 manufacturers of industry, and they had about 55% combined market share.

Global Automotive Tyre Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

OE Tyres

Replacement Tyres

Market Research Study Focus on these Applications:

Commercial Vehicle

Passenger Vehicle

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Regional Analysis for Automotive Tyre Market:

For a comprehensive understanding of market dynamics, the global Automotive Tyre market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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Key Takeaways from Automotive Tyre Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Automotive Tyre market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Automotive Tyre market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Automotive Tyre

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In conclusion, the Automotive Tyre market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Automotive Tyre Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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