Automotive Tire Market Share Trends: Insights and Growth Projections for 2024-2030

[Aarti Ghodke]

Automotive Tire Market size was valued at US$ 141.80 Billion in 2023 and the total Automotive Tire Market revenue is expected to grow at 6.32% through 2024 to 2030, reaching nearly US$ 217.77 Billion.

Automotive Tire Market Overview

Stellar Market Research, an Automotive Tire business research firm has published a report on the “Automotive Tire Market”. As per the “Automotive Tire report,” the total market for Automotive Tire Market was USD 141.80 Bn. in 2023 and is expected to reach USD 217.77 Bn. by 2030.

Automotive Tire Market Report Scope and Research Methodology

The report helps in understanding the Automotive Tire Market dynamics, and structure by analysing the market segments and projecting the Automotive TireMarket size. Factors driving market growth, challenges, and opportunities, such as cost reductions, government incentives, environmental concerns, and technological advancements, are analysed. Additionally, the report examines the competitive landscape, investment trends, and regulatory frameworks impacting the industry.

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This analysis takes into account factors such as regulatory frameworks, government initiatives, and market maturity in different geographical regions. It provides insights into regional variations and helps in identifying growth opportunities and potential challenges specific to each market.

Automotive Tire Market Regional Insights

The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the Automotive Tire market status in various countries.  The Automotive Tire market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Automotive Tire Market Segmentation

by Vehicle Type

Passenger Cars
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)

by Tire type

Radial
Bias

by Material

13-15
16-18
19-21
>21 inches

by Sales Channel

• OEM

• Aftermarket

 

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Automotive Tire Market Key Players

The Goodyear Tire & Rubber Company (USA)
Pirelli & C.S.p.A. (Italy)
Apollo Tyres Ltd. (India)
CEAT Ltd. (Italy)
China National Tire & Rubber Co. Ltd. (China)
Cooper Tire & Rubber Co., Ltd. (UK)
Giti Tire (Singapore)
Bridgestone Corporation (Japan)
Continental AG (Germany)
Michelin (France)
Sumitomo Rubber Industries, Ltd. (Japan)
Toyo Tire & Rubber Co., Ltd. (Japan)
Yokohoma Tire Corporation (Japan)
Maxxis International (Taiwan)
Cheng Shin Rubber Industry Co. (China)
Hangzhou Zhongce Rubber Co., Ltd. (China)
Hankook Tire (South Korea)
JK Tyre & Industries Ltd. (India)
Kumho Tire Co., Inc. (South Korea)
Nexen Tire Corporation (South Korea)
Nokian Tyres plc (Finland)
Qingdao Fullrun Tyre Corp., Ltd. (China)

Key questions answered in the Automotive Tire Market are:

• What is Automotive Tire?
• What was the Automotive Tire market size in 2023?
• What is the growth rate of the Automotive Tire Market?
• Which are the factors expected to drive the Automotive Tire market growth?
• What are the different segments of the Automotive Tire Market?
• What growth strategies are the players considering to increase their presence in Automotive Tire?
• What are the upcoming industry applications and trends for the Automotive Tire Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Tire Market?
• What segments are covered in the Automotive Tire Market?
• Who are the leading companies and what are their portfolios in Automotive Tire Market?
• What segments are covered in the Automotive Tire Market?
• Who are the key players in the Automotive Tire market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Stellar Market Research:

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