Automotive Tire Market Size, Estimation, Dynamics and Forecast, 2023-2029

Automotive Tire Market is expected to reach USD 189.42 Bn. by 2029, at a CAGR of 5.6% through out the forecast period.

Automotive Tire Market Report Scope and Research Methodology

Report Scope:

This comprehensive report offers an in-depth analysis of past, present, and expected future developments in the Automotive Tire Market. It examines critical market data and factors affecting the industry's performance. Market players, both established and emerging, can benefit from this report's insights, which also include PORTER and PESTEL analyses. Decision-makers can gain a clear view of the market's future, considering internal and external elements that may impact the industry.

Research Methodology:

The report relies on rigorous research methodology, collecting data on the revenues of major industry players for segmentation by tire type and end-use. Extensive interviews with industry leaders, including CEOs and executives, validate these segments. The market size estimation employs a bottom-up approach, identifying top market players and computing their revenues through primary and secondary research.

Know More About The Report: https://www.maximizemarketresearch.com/market-report/automotive-tire-market/11879/

What are Automotive Tire Market Dynamics?

Market Drivers:

Key drivers in the Automotive Tire Market include the industry's commitment to enhancing efficiency, premium quality tire development, and the specific needs of electric and hybrid vehicles. Market growth is also propelled by the increase in automobile production and rising demand for passenger cars on a global scale. The adoption of sport utility vehicles (SUVs) in regions like India and China further contributes to the sector's growth.

Market Restraints:

Despite significant growth potential, the market faces some restraints, including volatile prices of natural rubber and environmental concerns regarding tire disposal. The demand for eco-friendly "Green" tires that improve fuel efficiency presents a paradox: while these tires enhance mileage and are environmentally friendly, they tend to be more expensive.

Automotive Tire Market Segmentation?

Passenger Cars Segment Dominates: In 2022, the Passenger Cars segment led the market, accounting for nearly 48% of total revenue. Factors such as economic conditions, fuel prices, and transit infrastructure significantly influence the demand for passenger cars.

Radial Tires Segment Thrives: Radial tires hold approximately 70% of the market share, primarily due to their superior steering, road contact, and heat generation characteristics. The segment is growing at the highest CAGR, estimated at around 7%.

13-15-inch Rim Size Segment on the Rise: Rim sizes between 13 and 15 inches are increasingly popular for passenger cars with GVWR of fewer than 3.0 tonnes, particularly in Asian countries, driving significant demand.

Please connect with our representative, who will ensure you to get a report sample here @ : https://www.maximizemarketresearch.com/request-sample/11879

Who are Automotive Tire Market Key Players?

1.Bridgestone Corporation
2.Continental AG
3.Michelin
4.The Goodyear Tire & Rubber Company
5.Pirelli & C.S.p.A.
6.Apollo Tyres Ltd.
7.CEAT Ltd.
8.China National Tire & Rubber Co. Ltd.
9.Cooper Tire & Rubber Co., Ltd.
10.Giti Tire
11.Hangzhou Zhongce Rubber Co., Ltd.
12.Hankook Tire
13.JK Tyre & Industries Ltd.
14.Kumho Tire Co., Inc.
15.Nexen Tire Corporation
16.Nokian Tyres plc
17.Qingdao Fullrun Tyre Corp., Ltd.
18.Sumitomo Rubber Industries, Ltd.
19.Toyo Tire & Rubber Co., Ltd.
20.Yokohoma Tire Corporation
21.Maxxis International
22.Cheng Shin Rubber Industry Co.

Table of content for the Automotive Tire Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Tire Market Report

Part 03: Global Automotive Tire Market Landscape

Part 04: Global Automotive Tire Market Sizing

Part 05: Global Automotive Tire Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ : https://www.maximizemarketresearch.com/request-sample/11879

Regional Insights:

Asia-Pacific Leading the Charge: In 2022, the Asia-Pacific region accounted for over 40% of total sales and is expected to experience a CAGR of more than 6% from 2022 to 2025. Emerging economies like China and India are driving regional growth due to increasing consumption, changing standards, and a large population base.

European Market Growing Strong: Europe is growing at a CAGR of approximately 7.5% from 2022. The United Kingdom, France, Italy, and Germany are witnessing a surge in luxury and heavy-duty vehicle demand, particularly in the SUV segment.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.