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Automotive Tire Market 2022 Demand And Growth Analysis, Forecasts Through 2031
The global automotive tire market report by the business research company identifies the Increasing production of vehicles and the growing popularity of electric cars and pickup trucks and similar light commercial vehicles propels to be a major growth driver for the automotive tire market. According to statistics from the International Organization of Motor Vehicle Manufacturers, the total number of vehicles produced from January to September 2021 increased to 57.2 million units from 52.1 million units in 2020, during the same period. Therefore, the increasing production of vehicles around the world is expected to drive the automotive tire market.The global automotive tire market size is expected to grow from $118.1 billion in 2021 to $123.7 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The automotive tyre market size is expected to grow to $151.66 billion in 2026 at a CAGR of 5.2%.
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Asia-Pacific was the largest region in the automotive tires market in 2021. The regions covered in the automotive tyre market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the automotive tire market are Bridgestone Corporation, The Goodyear Tire and Rubber Company, Continental AG, Michelin, Sumitomo Rubber Industries, Hankook and Company Co. Ltd., Pirelli, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd. S.p.A, Toyo Tire Corporation, MRF Limited, JK Tyre and Industries Ltd., CEAT Limited, Nokian Tyres PLC, Sailun Group Co. Ltd., Salsons Impex Pvt. Ltd, Shandong Linglong Group Co. Ltd., Kumho Tire, Giti Tire, Maxxis International, Nexen Tire Corporation, Cooper Tire and Rubber Company, and Cheng Shin Rubber Industry Co.
The global automotive tyres market is segmented -
1) By Rim Size: Less Than 15 Inches, 15 to 20 Inches, More Than 20 Inches
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle, Electric Vehicle
3) By Manufacturing: Radial Tire, Bias Tire
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By Season Type: Summer, Winter, All Seasons
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The Automotive Tire Market Report Contents Include
1. Executive Summary
2. Automotive Tire Market Characteristics
3. Automotive Tire Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Tire
5. Automotive Tire Market Size And Growth
....
26. Africa Automotive Tire Market
27. Automotive Tire Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Tire Market
29. Automotive Tire Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Automotive Tire market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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