Global Tires Market for OE & Replacement by Rim Size, Replacement Market, Aspect Ratio, Section Width, Season, Vehicle Type, Retreading Market and Region - Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--()--The "Tires Market for OE & Replacement by Rim Size (13-15, 16-18, 19-21,>21 inches), Replacement Market, by Aspect Ratio (<60, 60-70, >70), Section Width (<200, 200-230,>230 mm), Season, Vehicle Type, Retreading Market, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The automotive tire OE market is projected to reach USD 24.4 billion by 2025 from USD 20.9 billion in 2019. The automotive tire aftermarket is projected to reach USD 113.1 billion by 2025 from USD 101.7 billion in 2019.

This report provides a picture of tires market across different verticals and regions. It aims at estimating the market size and future growth potential of the tires OE by rim size, tire type and region, and aftermarket by rim size, aspect ratio, section width, season, tire retreading, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

The key players in the market are Bridgestone Corporation (Japan), Goodyear Tire & Rubber Company (United States), Continental AG (Germany), Michelin (France) and Sumitomo Rubber Industries (Japan).

Increasing average miles driven by vehicle and growing vehicle parc would drive the tires aftermarket

The growth in automobile ownership per capita and the shifting demand of customers towards use of low rolling resistance tires and increase in average miles driven by the vehicle will boost the future growth of the tires market.

North America to be the largest market for retreading

The higher fleet of light commercial vehicles, as well as heavy commercial vehicle coupled with relatively higher average miles, is driving the demand of the retreading market. Additionally, the growing retreading facilities in this region is further projected to bolster the retreaded tires demand during the forecast period.

Section width of >230 mm is the fastest-growing segment in the tires replacement market.

Demand for low profile tires is increasing, and they have a more extensive section width than section height. More full section width gives increased vehicle stability, lighter weight, ability to handle increased payload weight, and improved fuel economy. In passenger cars segment, usually premium cars have section width >230 mm, for instance, in North America GM group Cadillac, FCA Dodge Challenger, Tata Range Rover Sport, BMW 5 series, Audi Q5 and other models have >230 mm section width tires. Premium cars are observed to be the segment with maximum tire replacement cycles. Around 85%-90% of heavy commercial vehicles have section width >230 mm.

Asia Pacific to be the largest market by volume for automotive tire aftermarket

Asia Pacific is estimated to dominate the automotive tire aftermarket by volume during the forecast period. This growth can be attributed to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. An increase in the number of vehicle production and an increase in tire production is huge in this region. Also, the average miles driven by all vehicle types is more in countries such as China and India.

The region is home to leading Tier-1 manufacturers and OEM such as Bridgestone Corporation (Japan), Kumho Tire Co. (South Korea), Toyo Tire & Rubber Co., Ltd. (Japan), The Yokohama Rubber Co., Ltd. (Japan), Sumitomo Rubber Industries Ltd. (Japan), Hankook Tires (South Korea) have set up their manufacturing plants in the region. Thus, below factors are responsible for increase in the number in volume of tire aftermarket in the region.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Recommendations

6 Market Overview

6.1 Introduction

6.2 Market Segmentation

6.3 Market Dynamics

6.3.1 Drivers

6.3.2 Restraints

6.3.3 Opportunities

6.3.4 Challenges

6.4 Porters Five Force Analysis

6.5 Future Technologies

6.5.1 New Material Trends

6.5.2 New Tire Types

6.6 Revenue Shift for The Tire Manufacturers

6.7 Automotive Tire Market, Scenarios (2018-2027)

6.7.1 Automotive Tire Market, Most Likely Scenario

6.7.2 Automotive Tire Market, Optimistic Scenario

6.7.3 Automotive Tire Market, Pessimistic Scenario

7 Tires Aftermarket, By Section Width & Vehicle Type

7.1 Introduction

7.2 Tire Aftermarket, By Section Width

7.2.1 <200 Mm

7.2.2 200-230 Mm

7.2.3 >230 Mm

(Vehicle Type - Passenger Car, LCV, Truck & Bus)

8 Automotive Tire Aftermarket Market By Aspect Ratio & Vehicle Type

8.1 Introduction

8.2 Tires Aftermarket, By Aspect Ratio

8.3 Tires Aftermarket for Aspect Ratio 35-55

8.4 Tires Aftermarket for Aspect Ratio 60-70

8.5 Tires Aftermarket for Aspect Ratio 75-85

(Vehicle Type - Passenger Car, LCV, Truck & Bus)

9 Automotive Tire Aftermarket, By Rim Size & Vehicle Type

9.1 Introduction

9.2 Automotive Tire Aftermarket Market, By Rim Size

9.2.1 13"-15"

9.2.2 16"-18"

9.2.3 19"-21"

9.2.4 21"-26"

(Vehicle Type - Passenger Car, LCV, Truck & Bus)

10 Automotive Tire Aftermarket, By Vehicle Type

10.1 Introduction

10.2 Automotive Tire Aftermarket Market, By Vehicle Type

10.2.1 Passenger Car

10.2.2 Light Commercial Vehicle

10.2.3 Buses

10.2.4 Trucks

11 Tires Retreading Market, By Vehicle Type

11.1 Introduction

11.2 Tires Retreading Market Market, By Vehicle Type

11.2.1 Passenger Car

11.2.2 Light Commercial Vehicle

11.2.3 Buses

11.2.4 Trucks

12 Automotive Tires OE Market, By Vehicle Type and Rim Size

12.1 Introduction

12.2 Passenger Car

12.3 LCV

12.4 Buses

12.5 Truck

13 Automotive Tires OE Market, By Type

13.1 Introduction

13.2 Radial

13.2.1 Tub E

13.2.2 Tubeless

13.3 Bias

14 Automotive Tires OE Market, By Season

14.1 Introduction

14.2 Summer

14.3 Winter

14.3.1 Studded

14.3.2 Non-Studded

14.4 All Seasons

15 Automotive Tires Market, By Region

15.1 Introduction

15.2 Asia Pacific

15.3 Europe

15.4 North America

15.5 Latin America

15.6 Africa & Middle East

16 Competitive Landscape

16.1 Overview

16.2 Automotive Tires Market: Market Ranking Analysis

16.3 Competitive Leadership Mapping

16.3.1 Terminology

16.3.2 Visionary Leaders

16.3.3 Innovators

16.3.4 Dynamic Differentiators

16.3.5 Emerging Companies

16.4 Strength of Product Portfolio

16.5 Business Strategy Excellence

16.6 Winners vs. Losers

16.6.1 Winners

16.6.2 Tail-Enders/Losers

16.7 Competitive Scenario

16.7.1 Expansions

16.7.2 Supply Contracts

16.7.3 Merger & Acquisitions

16.7.4 Partnerships/Joint Ventures

17 Company Profiles

17.1 Introduction

17.2 The Bridgestone Group

17.3 Continental Group

17.4 Goodyear Tire and Rubber Company

17.5 Michelin Group

17.6 Pirelli & C. S.p.A.

17.7 Sumitomo Rubber Industries Ltd.

17.8 Hankook Tire Co. Ltd.

17.9 Yokohama Rubber Co. Ltd.

17.10 Cooper Tire & Rubber Company

17.11 Toyo Tire & Rubber Co. Ltd.

17.12 Coda Development

17.13 Kumho Tire

17.14 Nokian Tyres PLC

17.15 Apollo Tires

17.16 MRF Tyres

17.17 JK Tyre & Industries Ltd.

17.18 Ceat Ltd.

17.19 Maxxis International

17.20 Zhongce Rubber Group Co. Ltd.

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900