Global Automotive Tire Market Trends, Share, Size & Analysis 2020-2027

Automotive Tire Market Size, Share & Trends Analysis By Type (Tube, Tubeless), Design (Radial, Bias), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Region Estimates & Forecast 2020-2030
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  • Segmentation
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Automotive Tire Market Overview

The global automotive tire market was valued at USD 110.94 billion and is anticipated to reach USD 152.20 billion in 2027 growing at a CAGR of 3.7% over the forecast period. Automotive tires generally cover the wheel’s rim externally to protect the tractive force between the road surface and the vehicle. Automotive tires are manufactured from rubber, so it easily provides flexible cushion and it, therefore, reduces the impact of vibrations and absorbing shock. Due to the rise in demand for vehicles across all segments has increased the demand and growth of automotive tires globally. Tire demand is mainly driven by automobile production.

Moreover, there is high competition among tire manufacturers to produce high sustainable, durable, and affordable tires. These reasons are a great push for the growth of the automotive tire market. Furthermore, the companies are adopting advanced technology for the manufacturing process of tires in order to offer high product differentiation to the customers which will lead to a high level of performance and durability, which will give the automotive tire market a great lead.

Global Automotive Tire Market

Increasing vehicle sales and production will lead to a boost in the automotive tire market in the future. And there are many advancements that are taking place in the automotive tire market. One of the advances is ‘nanotechnology’. This technology is aimed at reducing the rate of wear and tear of tires. The use of such advanced technology even makes the tire more durable, gives them higher performance, and also provides better comfort to the vehicles.

Another development in the manufacturing process of the tire is with the lower-tech development in the tire, and it will surely lead to a more significant impact on the market. The new tire looks like a regular black tire from the outer side, but as soon as the tire is being used and it comes in contact with the road, the tire wears down to the lowest safety level, and the tire surface turns orange in color. Color recognition helps end-users to know when to replace the tire and will create additional safety to the users.

 Type Insights

The market can be segmented into a tube tire and tubeless tire. The tubeless tire segment is expected to dominate the market in the passenger vehicle segment over the forecast years. The tubed tire has a separate inner tube placed inside them. If the tube tire is punctured then you will not be able to drive the vehicle. These tires weigh more because the tube is placed inside them. These tires are less costly and are available in every size for every vehicle.

Now, if we talk about tubeless tires, they don’t have a tube inside them. The tubeless tire doesn’t mean it won’t work with a tube, it just simply means it does not have a tube. If the tubeless tire is punctured, then no worries you can still use the vehicle for some days. These tires are lightweight because no tube is present inside the tire, these tires are costly and are not available for all types of vehicles.

Design Insights

The market can be segmented into radial and bias tires. Radial tires are expected to show significant growth over the forecast years due to the strength and flexibility of the tire. Radial tires are made using a combination of polyester and nylon piles that run straight across the tire, from bead to bead. Moreover, sidewall and tread work independently because of the radial design and it allows more vehicles to transfer more power to the ground for improved handling.

Bias tire, overlapping piles tend to be thicker and less flexible. The criss cross-section of this tire causes the tread and sidewall to be interdependent. So, when the sidewall flexes, the tread also flexes. This function affects the ability to maintain optimal contact with the road while driving the vehicle.

Vehicle Insights

The market can be segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is projected to show a great boost in the market over the forecast period. In countries like India, China, and Indonesia passengers cars demand is rising as the purchasing power of the people is increasing, and this will grow the passenger car segment in the region over the coming years.

Automotive Tire Market

The commercial vehicle segment holds the largest portion of the overall automotive tire market share in terms of value. Tires in commercial vehicles need higher replacement as they have longer running with heavy loads and this leads to wear and tear of tires very often.

Regional Insights

The Asia Pacific is majorly holding market share and rapidly growing domestic consumption, availability of cheap labor, large population, and evolving standards, these are some reasons due to which market share is increasing in the region.

Europe currently holds the second-largest position in the automotive tire market and is anticipated to witness significant growth in the global market of automotive tires. There are many steps taken by the government to reduce the carbon emission which has automatically boosted the automotive tire market. The rest of the World will witness slow growth in the automotive tire market.

Automotive Tire Regional Market

Automotive Tire Market Share Insights

The automotive tire market is highly fragmented with the presence of the many competitive players around the globe. Key market players of the industry are Michelin SCA, Goodyear Tyre & Rubber co., Continental AG, MRF LTD, Nokian Tyres plc, Apollo Tyres LTD, Toyo Tire & Rubber co. Ltd.

Report Scope

AttributeDetails
The base year of estimation2019
Actual estimates/Historical data2017-2019
Forecast period2020-2030
Market representationRevenue in USD Billion and CAGR from 2017-2030
Regional scopeAsia Pacific, Europe, North America, Rest of the World
Country scopeUS, Canada, Mexico, UK, France, Germany, Japan, India, China, South Korea
Report coverageRevenue forecast, company share, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)If you need specific information, which is not currently within the scope of the report, we will provide it to you as part of the customization.

 Segments Covered in the report

This report forecasts revenue at the global Automotive tire market, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014-2025. For the purpose of this study, Confianza Research has segmented the global Automotive tire market on types, design, vehicle, regional, and competitive.

Type Scope

  • Tube Tire
  • Tubeless Tire

Design Scope

  • Radial Tire
  • Bias Tire

Vehicle Scope

  • Passenger cars
  • Light commercial vehicle
  • Heavy commercial vehicle

Regional Scope

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea

Automotive tire manufacturers covered in this report

  • Michelin SCA
  • Goodyear Tyre & Rubber co
  • Continental AG
  • MRF LTD
  • Nokian Tyres plc
  • Apollo Tyres LTD
  • Toyo Tire & Rubber co. Ltd.

Table of Content

  • Research Methodology & Scope
    • Research Scope
      • Market Segmentation
      • Market Definitions
    • Research Methodology
      • Information Procurement
      • Research Process
      • Data Refining
      • List of Data Sources
        • Primary Sources
        • Secondary Sources
  • Executive Summary
    • Global Market Overview
    • Global Automotive Tire Market, 2015 -2027 (USD Billion)
    • Market, By Season Tire Type, 2015 -2027 (USD Billion)
    • Market, By Vehicle Type, 2015 -2027 (USD Billion
    • Market, By Rim Size, 2015 -2027 (USD Billion)
    • Market, By Distribution Channel, 2015 -2027 (USD Billion)
  • Qualitative Insights
    • Market Dynamics
      • Driver Analysis
      • Restraint Analysis
      • Opportunity Analysis
      • Challenges Analysis
    • Porters Analysis
    • PESTEL Analysis
      • Political Impact Analysis
      • Economic impact Analysis
      • Social Impact Analysis
      • Technological Impact Analysis
      • Environmental Impact Analysis
      • Legal Impact Analysis
    • Industry Value Chain Analysis
  • Global Automotive Tire Market, By Season Tire Type Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 & 2027 (%)
      • Segment Trends
    • Summer
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Winter
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • All Season
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
  • Global Automotive Tire Market, By Vehicle Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 & 2027 (%)
      • Segment Trends
    • Passenger Car
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Commercial Vehicle
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Light commercial
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Heavy commercial
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Electric Vehicle
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
  • Global Automotive Tire Market, By Rim Size, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 & 2027 (%)
      • Segment Trends
    • Less than 15
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • 15 to 20
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • More than 20
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
  • Global Automotive Tire Market, By Distribution Channel, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 & 2027 (%)
      • Segment Trends
    • OEM
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Aftermarket
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Global Automotive Tire Market Regional Outlook & Trends Analysis
      • Regional Insights
      • North America
        • Market size estimates & forecast, by Season Tire Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Vehicle Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Rim Size, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Distribution Channel, 2020-2027, (US$ Million)
        • The U.S.
        • Canada
      • Europe
        • Market size estimates & forecast, by Season Tire Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Vehicle Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Rim Size, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Distribution Channel, 2020-2027, (US$ Million)
        • UK
        • Germany
        • France
        • Spain
      • Asia Pacific
        • Market size estimates & forecast, by Season Tire Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Vehicle Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Rim Size, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Distribution Channel, 2020-2027, (US$ Million)
        • China
        • India
        • Japan
        • Taiwan
        • South Korea
      • Latin America
        • Market size estimates & forecast, by Season Tire Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Vehicle Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Rim Size, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Distribution Channel, 2020-2027, (US$ Million)
        • Brazil
        • Mexico
      • Middle East & Africa
        • Market size estimates & forecast, by Season Tire Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Vehicle Type, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Rim Size, 2020-2027, (US$ Million)
        • Market size estimates & forecast, by Distribution Channel, 2020-2027, (US$ Million)
        • UAE
        • Kingdom of Saudi Arabia
  • Global Automotive Tire Market: Competitive Landscape
    • RIDGESTONE GROUP
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • CONTINENTAL AG
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • THE GOODYEAR TIRE & RUBBER COMPANY
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • HANKOOK TIRE & TECHNOLOGY CO., LTD.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • MICHELIN
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • NOKIAN YRES PLC.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • PIRELLI & C. S.P.A
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • SUMITOMO RUBBER INDUSTRIES LTD.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • THE YOKOHAMA RUBBER CO., LTD.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • TOYO TIRE CORPORATION
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives

Market Segmentation

  • Global Automotive Tire Market Season Tire Type Overview (Revenue, USD Million, 2017 – 2027)
    • Summer
    • Winter
    • All Season
  • Global Automotive Tire Market Vehicle Type Overview (Revenue, USD Million, 2017 – 2027)
    • Passenger Car
    • Commercial Vehicle
    • Light commercial
    • Heavy commercial
    • Electric Vehicle
  • Global Automotive Tire Market Rim Size Overview (Revenue, USD Million, 2017 – 2027)
    • Less than 15
    • 15 to 20
    • More than 20
  • Global Automotive Tire Market Distribution Channel Overview (Revenue, USD Million, 2017 – 2027)
    • OEM
    • Aftermarket
  • Global Automotive Tire Market Regional Overview (Revenue, USD Million, 2017 – 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • UK
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • UAE
      • KSA

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