Winter Tire Market 2023 Driving Factors Forecast Research 2029

Winter tires, also called snow tires, are tires which are designed specifically for use on ice and snow. These tires have a tread design with larger gaps as compared to that on summer tires. Such tread designs are employed to increase the traction of winter tires on ice and snow. Snow tires are specifically designed to drive under optimized winter conditions, at a temperature below 7°C (45°F). Further, in order to increase the tire traction on hard packed icy or snowy roads, snow tires come with ceramic or metal studs that protrude from the tire. Winter tires can be operated on various surfaces, including wet or dry pavements, mud, ice, and so on. The design on the tread is mainly incorporated so as to allow penetration into thread, where it gets compact and provide resistance against slippage on such roads.

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The global winter tire market is expected to expand at a significant growth rate over the forecast period. The market for a winter tire is mainly driven by seasonal wintery road conditions and lower temperatures in northern countries and regions such as Western and Eastern Europe and North America. These conditions have urged demands for increased driving safety from motorists, insurance companies, and state and central governments. The report analyses the market on the basis of winter tire type, vehicle type, sales channel, and region. On the basis of type, the market is divided into studded and stud less tires. On the basis of vehicle type, the market is classified into passenger vehicles and commercial vehicles. Moreover, on the basis of the sales channel, the report covers OEM and aftermarket.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Winter Tire Market Segmentation
By Type
• Studded tier
By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles

By Sales Channel
• OEM
• Aftermarket

Winter Tire Market - Segment by Region
North America
• United States
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle-East, Africa

The Report Covers:
• Comprehensive research methodology of the global winter tire
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global winter tire market.
• Insights about market determinants which are stimulating the global winter tire
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.

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