Automotive Tire Market

Automotive Tire is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface traveled over. Most tires are pneumatically inflated structures, which also provide a flexible cushion that absorbs shock as the tires rolls over rough features on the surface. Tires provide a footprint that is designed to match the weight of the vehicle with the bearing strength of the surface that it rolls over by providing a bearing pressure that will not deform the surface excessively.

Automotive Tire Market contains market size and forecasts of Automotive Tire in global, including the following market information:

Global Automotive Tire Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Automotive Tire Market Sales, 2017-2022, 2023-2028, (M Units)

Global top five Automotive Tire companies in 2021 (%)

The global Automotive Tire market was valued at 133540 million in 2021 and is projected to reach US$ 170370 million by 2028, at a CAGR of 3.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Replacement Tires Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Automotive Tire include Bridgestone, GoodYear, Continental, Michelin, Sumitomo, Hankook, Pirelli, Yokohama and Zhongce Rubber, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Tire manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Automotive Tire Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M Units)

Global Automotive Tire Market Segment Percentages, by Type, 2021 (%)

Replacement Tires

OE Tires

Global Automotive Tire Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Units)

Global Automotive Tire Market Segment Percentages, by Application, 2021 (%)

Passenger Car

Commercial Vehicle

Global Automotive Tire Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Units)

Global Automotive Tire Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Automotive Tire revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Automotive Tire revenues share in global market, 2021 (%)

Key companies Automotive Tire sales in global market, 2017-2022 (Estimated), (M Units)

Key companies Automotive Tire sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Bridgestone

GoodYear

Continental

Michelin

Sumitomo

Hankook

Pirelli

Yokohama

Zhongce Rubber

Toyo Tire Corporation

Cooper Tire

Apollo Tyres

KUMHO TIRES

Linglong Tire

MRF

Cheng Shin Rubber (Maxxis)

Sailun Group

Nokian Tyres

Triangle Tire Group

JK TYRE

AEOLUS TYRE

Giti

Nexen Tire