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
The market growth drivers and challenges, as well as company plans, procedures, and a detailed financial strategy, are all explored in the research. Customization, as well as extensive information about Autonomous Vehicle industry potential, meets customer expectations.
The global Automotive Tire Market study investigates the industry's competitive landscape and leading players. In light of modern industrial conditions, this global Automotive Tire Market study help with structure planning.
Automotive Tire Market Report Scope and Research Methodology
The report depicts a worldwide Automotive Tire Market framework, showcasing existing market trends and predictions for discovering potential investment opportunities. The global Automotive Tire Market is influenced by a range of factors including historical data, recent technological advancement, competition among businesses, and government regulations. The Automotive Tire Market report offers details on key factors influencing clients including major drivers, restrains, challenges, and opportunities. To facilitate comprehension, the Automotive Tire Market has been categorized into three main segments, which were then further subdivided into multiple sub-segments.
The report also involves analyzing market growth factors by segment, including competitive analysis. Major market players are featured in the report, highlighting their expansion plans, products, investments, pricing, and presence in the Autonomous Vehicle industry.
Primary and secondary research methods were both utilized to gather data for the Automotive Tire Market report, with findings from these methods being merged to produce precise and flawless conclusions. The main research involved conducting interviews with experts in the field, participants in the industry, top executives of leading market companies, industry advisors, and other experts. The Automotive Tire Market report contains a PESTLE analysis that helps in formulating business tactics.
A SWOT analysis was performed to identify the strengths and weaknesses of the Automotive Tire Market.
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Automotive Tire Market Regional Insights
The global Automotive Tire Market is composed of five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report predicts the increase in revenue globally, regionally, and at a country level in USD value from 2024 to 2030.
The report includes an analysis of each region's market size. The research section on countries studies different market factors that are likely to impact present and future Automotive Tire Market trends, along with shifts in market regulations at the national level. Key factors for predicting the market status of each country involve evaluating consumption, production capacity and volume, import/export trends, pricing trends, raw material costs, and analyzing the value chain from start to finish.
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
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 Report are:
- Which region dominated the global Automotive Tire Market?
- What was the Automotive Tire Market size in 2023?
- Which are the prominent players in the Automotive Tire Market?
- What key trends are expected to emerge in the Automotive Tire Market during the forecast period?
- What are the Automotive Tire Market segments?
- Which segment in the Automotive Tire Market is expected to grow rapidly during the forecast period?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- 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 segments 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
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals.
The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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