Tires Market Forecast to 2030

The latest market research report on the Global “Tires Market” is segmented by Regions, Country, Company and other Segments. The global Tires market is dominated by key Players, such as [Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook, Cooper, Kumho Tire, Toyo Tire &Rubber, Apollo Tyres, MRF, NOKIAN, Cheng Shin Tire, Hangzhou Zhongce Rubber, Triangle Tire, Linglong Tire, Aeolus Tire, Shanghai Huayi Group Corporation Limited (Originally Double Coin), Jiangsu General Science Technology Co, Ltd., Guizhou Tire, Qingdao Double Star, Xingyuan, Sailun Jinyu Group Co, Ltd, Giti Tire, Shengtai Group, Prinx Chengshan (Shandong) Tire Co, Ltd] these players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Stake holders and other participants in the global Tires market will be able to gain the upper hand by using the report as a powerful resource for their business needs.

Number of Tables and Figures : 153

What is the Tires market growth?

Tires Market Size is projected to Reach Multimillion USD by 2030, In comparison to 2023, at unexpected CAGR during the forecast Period 2023–2030.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 128 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Client Focus

1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Tires market?

Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Tires Industry

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Tires Industry.

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This research report is the result of an extensive primary and secondary research effort into the Tires market. It provides a thorough overview of the market’s current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Tires Market.

Which are the driving factors of the Tires market?

Growing demand for [Limousine, Truck, Motocycle, Airplane, Others] around the world has had a direct impact on the growth of the Tires

The Tires segments and sub-section of the market are illuminated below:

Based on Product Types the Market is categorized into [Radial Tires, Bias Tires] that held the largest Tires market share In 2022.

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Tires Market — Competitive and Segmentation Analysis:

2.How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Short Description About Tires Market:

The Global Tires market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2030. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Tire is in a variety of vehicles or machinery assembled on the ground rolling ring elastic rubber products. Usually mounted on metal rims, it can support the body, cushion the external impact, achieve contact with the road and ensure the vehicle performance. Tires are often used under complex and harsh conditions. They bear various deformation, load, force and high and low temperature when driving, so they must have higher bearing capacity, traction capacity and buffer capacity. At the same time, it also requires high wear resistance and flexural resistance, as well as low rolling resistance and thermogenesis. Half of the world’s rubber consumption in tire production, tire consumption capacity can be seen.

Market Analysis and Insights: Global Tires Market

Due to the COVID-19 pandemic, the global Tires market size is estimated to be worth USD 24260 million in 2022 and is forecast to a readjusted size of USD 29140 million by 2028 with a CAGR of 3.1Percent during the review period. Fully considering the economic change by this health crisis, Radial Tires accounting for Percent of the Tires global market in 2021, is projected to value USD million by 2028, growing at a revised Percent CAGR in the post-COVID-19 period. While Limousine segment is altered to an Percent CAGR throughout this forecast period.

China Tires market size is valued at USD million in 2021, while the US and Europe Tires are USD million and USD million, severally. The proportion of the US is Percent in 2021, while China and Europe are Percent and Percent respectively, and it is predicted that China proportion will reach Percent in 2028, trailing a CAGR of Percent through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR Percent, Percent, and Percent respectively for the next 6-year period. As for the Europe Tires landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of Percent over the forecast period.

The global key manufacturers of Tires include Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook and Cooper, etc. In 2021, the global top five players have a share approximately Percent in terms of revenue.

In terms of production side, this report researches the Tires capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Tires by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Global Tires Scope and Segment

Tires market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Tires market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017–2028.

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3.What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report.

Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017–2027) of the following regions are covered in Chapters:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Tires Market Research/Analysis Report Contains Answers to your following Questions

• What are the global trends in the Tires market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Tires? What are the upcoming industry applications and trends for Tires market?
• What Are Projections of Global Tires Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Tires? What are the raw materials used for Tires manufacturing?
• How big is the opportunity for the Tires market? How will the increasing adoption of Tires for mining impact the growth rate of the overall market?
• How much is the global Tires market worth? What was the value of the market In 2020?
• Who are the major players operating in the Tires market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Tires Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements?

Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Tires Market Insights and Forecast to 2030

Major Points from Table of Contents

Global Tires Market Research Report 2023–2030, by Manufacturers, Regions, Types and Applications

1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015–2030)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders

2 Key Findings of the Study

3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Tires Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Tires Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis

4 Value Chain of the Tires Market

4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)

5 Global Tires Market-Segmentation by Type
6 Global Tires Market-Segmentation by Application

7 Global Tires Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel

8 Competitive Intelligence Company Profiles

9 Global Tires Market-Segmentation by Geography

9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America

9.5 Middle East and Africa

10 Future Forecast of the Global Tires Market from 2023–2030

10.1 Future Forecast of the Global Tires Market from 2023–2030 Segment by Region
10.2 Global Tires Production and Growth Rate Forecast by Type (2023–2030)
10.3 Global Tires Consumption and Growth Rate Forecast by Application (2023–2030)

11 Appendix
11.1 Methodology
12.2 Research Data Source

Continued….

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