Aftermarket Tire Market 2022 Procurement Outlook, Procurement Intelligence, Supplier Intelligence to 2027

Astute Analytica has released new research on the worldwide Aftermarket Tire Market that provides a thorough explanation of a number of market analysis techniques, including SWOT analysis and five-point analysis. The market report also includes an in-depth analysis of several growth plans and initiatives to broaden the business's horizons on a regional and international scale. It gives readers a thorough explanation of all the market difficulties and development prospects related to the industry.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Global Aftermarket Tire Market will record a tremendous compound annual growth rate (CAGR) of 2% during the forecast period from 2021 to 2027.

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Regional Analysis:

The report highlights key factors such as R&D, new product launches, M&A, agreements, partnerships, joint ventures, collaborations, and growth of key industry participants from a regional and global perspective. The report covers the regions of North America, Asia Pacific, Europe, Middle East & Africa, and South America. Additionally, the report offers country-level estimates for 25+ countries, including the US, Germany, UK, Japan, China, India, the UAE, South Korea, South Africa, and the Middle East. The regional analysis presents information at the regional and country-level about the market, including the market dynamics based on the segments covered in the report.

COVID-19 Impact:

The impact of the COVID-19 pandemic outbreak appeared to slow global revenue growth. It is evident that life, businesses, and economies have transformed in the past year-a process reflected in revenue increases and decreases. A disruption in production and a slowing demand was evident as workers went home, travel restrictions took place, and delay in raw materials supply. The effects of the pandemic on supply have been most visible. During the early days of the pandemic, companies in the worst-hit countries or companies dependent on supply chains in those countries suffered severely.

Major Key Players in Aftermarket Tire Industry are:

Apollo Tires
Bridgestone Corp.
CEAT Ltd.
Coda Development
Continental AG
Cooper Tire & Rubber Company
Goodyear Tire & Rubber Co.
JK Tyre & Industries Ltd.
Kumho Tire
MRF Tyres
Maxxis International
Michelin Group
Nokian Tyres PLC
Pirelli & C. S.p.A.
Hankook Tire Co. Ltd.
Sumitomo Rubber Industries
Toyo Tire & Rubber Co. Ltd.
Yokohama Rubber Co. Ltd.
Zhongce Rubber Group Co. Ltd
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Aftermarket Tire market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Product Type

Aircraft tires
Agricultural tires
Buggy tires
Motorcycle tires
Off-road/earthmover tires (OTR)
Racing tires
Truck tires
Tubes
By Rim Size

Less than 15 Inch
15 to 20 Inch
More than 20 Inch
By Tyre Construction

Bias or Diagonal Tire
Radial Tire
Solid Tires
By Vehicle Type

Passenger Car
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle
By Demand Category

OEM
Replacement
By Technology

Winter Tires
Connected Tires
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