Automotive Tire Market
PUBLISHED: 2022 ID: SMRC22063
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Automotive Tire Market

Automotive Tire Market Forecasts to 2028 - Global Analysis By Vehicle Type (Electric Vehicle, Commercial Vehicle and Passenger Car), Section Width (<200MM, 200-230MM and >230MM), Tire Structure (Bias, Radial and Other Tire Structures), Material (Natural Rubber and Synthetic Rubber), Tire Type (Summer Tires, Winter Tires and All-season Tires), Rim Size(Less than 15 inch, 15-20 inch and More than 20 inch), Aspect Ratio (<60, 60-70m and >70), Distribution Channel and By Geography

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4.5 (88 reviews)
Published: 2022 ID: SMRC22063

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $111.40 BN

Projected Year Value (2028)

US $139.34 BN

CAGR (2022 - 2028)

3.8%

Regions Covered

North America, Europe, Asiap Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

Europe


According to Stratistics MRC, the Global Automotive Tire Market is accounted for $111.40 billion in 2022 and is expected to reach $139.34 billion by 2028 growing at a CAGR of 3.8% during the forecast period. An automotive tire is a cylinder-shaped, rubber-coated vehicle part that surrounds the exterior of the wheel rim. The tire's main job is to keep the wheel rim safe and to function as a tractive force between the car and the ground. It also offers a flexible cushion due to the rubber's composition, reducing the effect of vibrations and absorbing stress from the vehicle. A rubber tire is made up of tread, joint-less cap piles, beads, as well as synthetic rubber, carbon black, and fabric.

According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle sales in November 2020 were 2,91,001 units compared to 2,79,365 units in November 2019, with a 4.17% growth.



Market Dynamics:

Driver:

Stringent vehicle safety norms

Governments have updated progressively stricter safety regulations as a result of rising rates of traffic accidents, which in turn is boosting industry expansion. Monitoring organizations in developed nations are mandating that automobiles have modern automotive tires installed in order to reduce the rising accident rates. Furthermore, rising car production and sales move the industry forward. Worldwide vehicle sales growth is driving up demand for automobile tires.

Restraint:

Raw material shortages

The main reason that is projected to impede the market's growth is the supply-demand imbalance for the raw materials used in tire manufacture. Additionally, both makers of vehicles and parts have commercial and regulatory issues as a result of the obligation to achieve a duty-free procedure. Thus, an increase in the remolding of tires and the volatile price of raw materials are expected to create challenges for the market.

Opportunity:

Growing adoption of green tires

Younger people are growing increasingly interested in green tires since they are environmentally friendly and increase mileage, especially in large automobiles. Low rolling resistance green tires can increase a vehicle's fuel economy by at least 2% in commercial vehicles. Green tires, on the other hand, are costly, but they are estimated to be recouped. High Automotive production & rising demand for green tires are attributed for the expansion of the market. These will provide lucrative opportunities for market growth.

Threat:

Lack of awareness in emerging economies
Consumers are well-aware of the benefits of driving CNG and hybrid cars; nevertheless, there is a lack of understanding regarding the benefits of automobile tires and the role they play in lowering fuel consumption. Consumers in emerging markets like India and Indonesia are less interested in the advantages that car tires may provide. This significantly inhibits the demand for vehicle tires.

Covid-19 Impact

The COVID-19 effect has had a negative influence on the vehicle tire business. The COVID-19 outbreak compelled governments all over the world to enact strict lockdown measures and limit import-export of products used to produce key raw materials for the majority of 2020 and a few months of 2021. This caused the supply of crucial raw materials for the car tire sector to suddenly decline. Additionally, the distribution and production of vehicles are intricately linked to the selling of car tires. Due to decreased global vehicle sales and manufacture, the pandemic has had a substantial effect on the automobile tire industry.

The passenger vehicle segment is expected to be the largest during the forecast period

The passenger vehicle segment is estimated to have a lucrative growth, due to the growing demand for passenger cars from developing countries. Passenger car demand is heavily impacted by economic conditions, which include changes in exchange rates, GDP growth, inflation rates, and government policies. Furthermore, the demand for passenger cars is frequently impacted by changing fuel prices and transportation infrastructure. The demand for passenger vehicles is projected to increase in the future due to the better economic outlook in the United States and the growth of emerging economies like China and India.

The radial segment is expected to have the highest CAGR during the forecast period

The radial segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the accurate steering, improved road contact, low heat created while operating, and flexible side walls. Radial tyres also support the growing need for comfort when operating heavy-duty vehicles since they produce traction quickly. Additionally, radial tires greater resilience to tread-related problems is the primary element boosting category expansion.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period, owing to the increased demand for cars in developing Asian nations. Over the projection period, emerging economies like China and India are anticipated to fuel regional growth. These nations are expected to contribute to future growth in the global economy because of their fast expanding domestic consumption, changing standards, affordable labor, and massive population bases. Due to the increasing demand from the rural sector, India is the nation with the fastest-growing LCV and passenger vehicle markets.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the strong demand from the major markets of the European Union. Automobile manufacturing in Europe is a thriving and competitive sector. This is primarily due to the presence of numerous vehicle OEMs, as many of the top automakers in the world have manufacturing facilities in Europe. The region's automobile tyre OEM industry has grown as a result of the enhanced measures implemented by various governments in the area to minimize carbon emissions. Sales of sport-utility vehicles are still rising across Europe.



Key players in the market

Some of the key players profiled in the Automotive Tire Market include Apollo Tires, Yokohama Rubber Co. Ltd., Bridgestone Corp., Goodyear Tire & Rubber Company, Hankook Tires Group, Pirelli & C SpA, Michelin Tires, Cooper Tire & Rubber Company, Continental Automotive AG, Nokian Tires plc, MRF Ltd., Hangzhou Zhongce Rubber Co., Ltd., Nexen Tire Corporation, Qingdao Fullrun Tire Corp., Ltd.

Key Developments:

In March 2022, Hankook Co, Ltd. announced that the company will be launching iON, specially designed for premium electric vehicles, to deliver high performance and optimize the efficiency of EVs. With the introduction of iON tires, the company is focusing on and considering the growing demand for EVs and the need for appropriate tires in terms of replacement.

In July 2021, The Goodyear developed non-pneumatic tires (NPT)) in collaboration with Local Motors and Jacksonville Transportation Authority (JTA). The wheel assembly will support urban autonomous vehicle transportation.

In July 2021, Pirelli has announced its first high-load index tire for hybrid and electric cars and SUVs markets. The tire is designed and developed to offer heavier vehicles with extra support and deal with integrated batteries' added weight.

In April 2021, The Yokohama Rubber Co. Ltd., developed a technology to detect wear and tear conditions of tires. The feature enables a timely alert to the vehicle owner or fleet manager to replace damaged tires, allowing for more efficient tire maintenance, which provides safety while also increasing tires' service life and lowering costs and environmental effects.

In April 2021, Apollo Tires introduced a new product in cross-ply technology in India for the commercial vehicle (CV) segment.

In March 2021, Nokian Tires PLC announced that it is increasing its production capacity for passenger car tires at the Finnish factory by around 30%.

Vehicle Types Covered:
• Electric Vehicle
• Commercial Vehicle
• Passenger Car

Section Widths Covered:
• <200MM
• 200-230MM
• >230MM

Tire Structures Covered:
• Bias
• Radial
• Tube
• Tubeless

Materials Covered:
• Natural Rubber
• Synthetic Rubber

Tire Types Covered:
• Summer Tires
• Winter Tires
• All-season Tires

Rim Sizes Covered:
• Less than 15 inch
• 15-20 inch
• More than 20 inch

Aspect Ratios Covered:
• <60
• 60-70
• >70

Distribution Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Automotive Tire Market, By Vehicle Type
5.1 Introduction
5.2 Electric Vehicle
5.3 Commercial Vehicle
5.3.1 Heavy Commercial
5.3.2 Light Commercial
5.4 Passenger Car

6 Global Automotive Tire Market, By Section Width
6.1 Introduction
6.2 <200MM
6.3 200-230MM
6.4 >230MM

7 Global Automotive Tire Market, By Tire Structure
7.1 Introduction
7.2 Bias
7.3 Radial
7.4 Tube
7.5 Tubeless

8 Global Automotive Tire Market, By Material
8.1 Introduction
8.2 Natural Rubber
8.3 Synthetic Rubber

9 Global Automotive Tire Market, By Tire Type
9.1 Introduction
9.2 Summer Tires
9.3 Winter Tires
9.4 All-season Tires

10 Global Automotive Tire Market, By Rim Size
10.1 Introduction
10.2 Less than 15 inch
10.3 15-20 inch
10.4 More than 20 inch

11 Global Automotive Tire Market, By Aspect Ratio
11.1 Introduction
11.2 <60
11.3 60-70
11.4 >70

12 Global Automotive Tire Market, By Distribution Channel
12.1 Introduction
12.2 Original Equipment Manufacturer (OEM)
12.3 Aftermarket

13 Global Automotive Tire Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa

14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies

15 Company Profiling
15.1 Apollo Tires
15.2 Yokohama Rubber Co. Ltd.
15.3 Bridgestone Corp.
15.4 Goodyear Tire & Rubber Company
15.5 Hankook Tires Group
15.6 Pirelli & C SpA
15.7 Michelin Tires
15.8 Cooper Tire & Rubber Company
15.9 Continental Automotive AG
15.10 Nokian Tyres plc
15.11 MRF Ltd.
15.12 Hangzhou Zhongce Rubber Co., Ltd.
15.13 Nexen Tire Corporation
15.14 Qingdao Fullrun Tyre Corp., Ltd.

List of Tables
1 Global Automotive Tire Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Tire Market Outlook, By Vehicle Type (2020-2028) ($MN)
3 Global Automotive Tire Market Outlook, By Electric Vehicle (2020-2028) ($MN)
4 Global Automotive Tire Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
5 Global Automotive Tire Market Outlook, By Heavy Commercial (2020-2028) ($MN)
6 Global Automotive Tire Market Outlook, By Light Commercial (2020-2028) ($MN)
7 Global Automotive Tire Market Outlook, By Passenger Car (2020-2028) ($MN)
8 Global Automotive Tire Market Outlook, By Section Width (2020-2028) ($MN)
9 Global Automotive Tire Market Outlook, By <200MM (2020-2028) ($MN)
10 Global Automotive Tire Market Outlook, By 200-230MM (2020-2028) ($MN)
11 Global Automotive Tire Market Outlook, By >230MM (2020-2028) ($MN)
12 Global Automotive Tire Market Outlook, By Tire Structure (2020-2028) ($MN)
13 Global Automotive Tire Market Outlook, By Bias (2020-2028) ($MN)
14 Global Automotive Tire Market Outlook, By Radial (2020-2028) ($MN)
15 Global Automotive Tire Market Outlook, By Tube (2020-2028) ($MN)
16 Global Automotive Tire Market Outlook, By Tubeless (2020-2028) ($MN)
17 Global Automotive Tire Market Outlook, By Material (2020-2028) ($MN)
18 Global Automotive Tire Market Outlook, By Natural Rubber (2020-2028) ($MN)
19 Global Automotive Tire Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
20 Global Automotive Tire Market Outlook, By Tire Type (2020-2028) ($MN)
21 Global Automotive Tire Market Outlook, By Summer Tires (2020-2028) ($MN)
22 Global Automotive Tire Market Outlook, By Winter Tires (2020-2028) ($MN)
23 Global Automotive Tire Market Outlook, By All-season Tires (2020-2028) ($MN)
24 Global Automotive Tire Market Outlook, By Rim Size (2020-2028) ($MN)
25 Global Automotive Tire Market Outlook, By Less than 15 inch (2020-2028) ($MN)
26 Global Automotive Tire Market Outlook, By 15-20 inch (2020-2028) ($MN)
27 Global Automotive Tire Market Outlook, By More than 20 inch (2020-2028) ($MN)
28 Global Automotive Tire Market Outlook, By Aspect Ratio (2020-2028) ($MN)
29 Global Automotive Tire Market Outlook, By <60 (2020-2028) ($MN)
30 Global Automotive Tire Market Outlook, By 60-70 (2020-2028) ($MN)
31 Global Automotive Tire Market Outlook, By >70 (2020-2028) ($MN)
32 Global Automotive Tire Market Outlook, By Distribution Channel (2020-2028) ($MN)
33 Global Automotive Tire Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
34 Global Automotive Tire Market Outlook, By Aftermarket (2020-2028) ($MN)
35 North America Automotive Tire Market Outlook, By Country (2020-2028) ($MN)
36 North America Automotive Tire Market Outlook, By Vehicle Type (2020-2028) ($MN)
37 North America Automotive Tire Market Outlook, By Electric Vehicle (2020-2028) ($MN)
38 North America Automotive Tire Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
39 North America Automotive Tire Market Outlook, By Heavy Commercial (2020-2028) ($MN)
40 North America Automotive Tire Market Outlook, By Light Commercial (2020-2028) ($MN)
41 North America Automotive Tire Market Outlook, By Passenger Car (2020-2028) ($MN)
42 North America Automotive Tire Market Outlook, By Section Width (2020-2028) ($MN)
43 North America Automotive Tire Market Outlook, By <200MM (2020-2028) ($MN)
44 North America Automotive Tire Market Outlook, By 200-230MM (2020-2028) ($MN)
45 North America Automotive Tire Market Outlook, By >230MM (2020-2028) ($MN)
46 North America Automotive Tire Market Outlook, By Tire Structure (2020-2028) ($MN)
47 North America Automotive Tire Market Outlook, By Bias (2020-2028) ($MN)
48 North America Automotive Tire Market Outlook, By Radial (2020-2028) ($MN)
49 North America Automotive Tire Market Outlook, By Tube (2020-2028) ($MN)
50 North America Automotive Tire Market Outlook, By Tubeless (2020-2028) ($MN)
51 North America Automotive Tire Market Outlook, By Material (2020-2028) ($MN)
52 North America Automotive Tire Market Outlook, By Natural Rubber (2020-2028) ($MN)
53 North America Automotive Tire Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
54 North America Automotive Tire Market Outlook, By Tire Type (2020-2028) ($MN)
55 North America Automotive Tire Market Outlook, By Summer Tires (2020-2028) ($MN)
56 North America Automotive Tire Market Outlook, By Winter Tires (2020-2028) ($MN)
57 North America Automotive Tire Market Outlook, By All-season Tires (2020-2028) ($MN)
58 North America Automotive Tire Market Outlook, By Rim Size (2020-2028) ($MN)
59 North America Automotive Tire Market Outlook, By Less than 15 inch (2020-2028) ($MN)
60 North America Automotive Tire Market Outlook, By 15-20 inch (2020-2028) ($MN)
61 North America Automotive Tire Market Outlook, By More than 20 inch (2020-2028) ($MN)
62 North America Automotive Tire Market Outlook, By Aspect Ratio (2020-2028) ($MN)
63 North America Automotive Tire Market Outlook, By <60 (2020-2028) ($MN)
64 North America Automotive Tire Market Outlook, By 60-70 (2020-2028) ($MN)
65 North America Automotive Tire Market Outlook, By >70 (2020-2028) ($MN)
66 North America Automotive Tire Market Outlook, By Distribution Channel (2020-2028) ($MN)
67 North America Automotive Tire Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
68 North America Automotive Tire Market Outlook, By Aftermarket (2020-2028) ($MN)
69 Europe Automotive Tire Market Outlook, By Country (2020-2028) ($MN)
70 Europe Automotive Tire Market Outlook, By Vehicle Type (2020-2028) ($MN)
71 Europe Automotive Tire Market Outlook, By Electric Vehicle (2020-2028) ($MN)
72 Europe Automotive Tire Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
73 Europe Automotive Tire Market Outlook, By Heavy Commercial (2020-2028) ($MN)
74 Europe Automotive Tire Market Outlook, By Light Commercial (2020-2028) ($MN)
75 Europe Automotive Tire Market Outlook, By Passenger Car (2020-2028) ($MN)
76 Europe Automotive Tire Market Outlook, By Section Width (2020-2028) ($MN)
77 Europe Automotive Tire Market Outlook, By <200MM (2020-2028) ($MN)
78 Europe Automotive Tire Market Outlook, By 200-230MM (2020-2028) ($MN)
79 Europe Automotive Tire Market Outlook, By >230MM (2020-2028) ($MN)
80 Europe Automotive Tire Market Outlook, By Tire Structure (2020-2028) ($MN)
81 Europe Automotive Tire Market Outlook, By Bias (2020-2028) ($MN)
82 Europe Automotive Tire Market Outlook, By Radial (2020-2028) ($MN)
83 Europe Automotive Tire Market Outlook, By Tube (2020-2028) ($MN)
84 Europe Automotive Tire Market Outlook, By Tubeless (2020-2028) ($MN)
85 Europe Automotive Tire Market Outlook, By Material (2020-2028) ($MN)
86 Europe Automotive Tire Market Outlook, By Natural Rubber (2020-2028) ($MN)
87 Europe Automotive Tire Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
88 Europe Automotive Tire Market Outlook, By Tire Type (2020-2028) ($MN)
89 Europe Automotive Tire Market Outlook, By Summer Tires (2020-2028) ($MN)
90 Europe Automotive Tire Market Outlook, By Winter Tires (2020-2028) ($MN)
91 Europe Automotive Tire Market Outlook, By All-season Tires (2020-2028) ($MN)
92 Europe Automotive Tire Market Outlook, By Rim Size (2020-2028) ($MN)
93 Europe Automotive Tire Market Outlook, By Less than 15 inch (2020-2028) ($MN)
94 Europe Automotive Tire Market Outlook, By 15-20 inch (2020-2028) ($MN)
95 Europe Automotive Tire Market Outlook, By More than 20 inch (2020-2028) ($MN)
96 Europe Automotive Tire Market Outlook, By Aspect Ratio (2020-2028) ($MN)
97 Europe Automotive Tire Market Outlook, By <60 (2020-2028) ($MN)
98 Europe Automotive Tire Market Outlook, By 60-70 (2020-2028) ($MN)
99 Europe Automotive Tire Market Outlook, By >70 (2020-2028) ($MN)
100 Europe Automotive Tire Market Outlook, By Distribution Channel (2020-2028) ($MN)
101 Europe Automotive Tire Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
102 Europe Automotive Tire Market Outlook, By Aftermarket (2020-2028) ($MN)
103 Asia Pacific Automotive Tire Market Outlook, By Country (2020-2028) ($MN)
104 Asia Pacific Automotive Tire Market Outlook, By Vehicle Type (2020-2028) ($MN)
105 Asia Pacific Automotive Tire Market Outlook, By Electric Vehicle (2020-2028) ($MN)
106 Asia Pacific Automotive Tire Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
107 Asia Pacific Automotive Tire Market Outlook, By Heavy Commercial (2020-2028) ($MN)
108 Asia Pacific Automotive Tire Market Outlook, By Light Commercial (2020-2028) ($MN)
109 Asia Pacific Automotive Tire Market Outlook, By Passenger Car (2020-2028) ($MN)
110 Asia Pacific Automotive Tire Market Outlook, By Section Width (2020-2028) ($MN)
111 Asia Pacific Automotive Tire Market Outlook, By <200MM (2020-2028) ($MN)
112 Asia Pacific Automotive Tire Market Outlook, By 200-230MM (2020-2028) ($MN)
113 Asia Pacific Automotive Tire Market Outlook, By >230MM (2020-2028) ($MN)
114 Asia Pacific Automotive Tire Market Outlook, By Tire Structure (2020-2028) ($MN)
115 Asia Pacific Automotive Tire Market Outlook, By Bias (2020-2028) ($MN)
116 Asia Pacific Automotive Tire Market Outlook, By Radial (2020-2028) ($MN)
117 Asia Pacific Automotive Tire Market Outlook, By Tube (2020-2028) ($MN)
118 Asia Pacific Automotive Tire Market Outlook, By Tubeless (2020-2028) ($MN)
119 Asia Pacific Automotive Tire Market Outlook, By Material (2020-2028) ($MN)
120 Asia Pacific Automotive Tire Market Outlook, By Natural Rubber (2020-2028) ($MN)
121 Asia Pacific Automotive Tire Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
122 Asia Pacific Automotive Tire Market Outlook, By Tire Type (2020-2028) ($MN)
123 Asia Pacific Automotive Tire Market Outlook, By Summer Tires (2020-2028) ($MN)
124 Asia Pacific Automotive Tire Market Outlook, By Winter Tires (2020-2028) ($MN)
125 Asia Pacific Automotive Tire Market Outlook, By All-season Tires (2020-2028) ($MN)
126 Asia Pacific Automotive Tire Market Outlook, By Rim Size (2020-2028) ($MN)
127 Asia Pacific Automotive Tire Market Outlook, By Less than 15 inch (2020-2028) ($MN)
128 Asia Pacific Automotive Tire Market Outlook, By 15-20 inch (2020-2028) ($MN)
129 Asia Pacific Automotive Tire Market Outlook, By More than 20 inch (2020-2028) ($MN)
130 Asia Pacific Automotive Tire Market Outlook, By Aspect Ratio (2020-2028) ($MN)
131 Asia Pacific Automotive Tire Market Outlook, By <60 (2020-2028) ($MN)
132 Asia Pacific Automotive Tire Market Outlook, By 60-70 (2020-2028) ($MN)
133 Asia Pacific Automotive Tire Market Outlook, By >70 (2020-2028) ($MN)
134 Asia Pacific Automotive Tire Market Outlook, By Distribution Channel (2020-2028) ($MN)
135 Asia Pacific Automotive Tire Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
136 Asia Pacific Automotive Tire Market Outlook, By Aftermarket (2020-2028) ($MN)
137 South America Automotive Tire Market Outlook, By Country (2020-2028) ($MN)
138 South America Automotive Tire Market Outlook, By Vehicle Type (2020-2028) ($MN)
139 South America Automotive Tire Market Outlook, By Electric Vehicle (2020-2028) ($MN)
140 South America Automotive Tire Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
141 South America Automotive Tire Market Outlook, By Heavy Commercial (2020-2028) ($MN)
142 South America Automotive Tire Market Outlook, By Light Commercial (2020-2028) ($MN)
143 South America Automotive Tire Market Outlook, By Passenger Car (2020-2028) ($MN)
144 South America Automotive Tire Market Outlook, By Section Width (2020-2028) ($MN)
145 South America Automotive Tire Market Outlook, By <200MM (2020-2028) ($MN)
146 South America Automotive Tire Market Outlook, By 200-230MM (2020-2028) ($MN)
147 South America Automotive Tire Market Outlook, By >230MM (2020-2028) ($MN)
148 South America Automotive Tire Market Outlook, By Tire Structure (2020-2028) ($MN)
149 South America Automotive Tire Market Outlook, By Bias (2020-2028) ($MN)
150 South America Automotive Tire Market Outlook, By Radial (2020-2028) ($MN)
151 South America Automotive Tire Market Outlook, By Tube (2020-2028) ($MN)
152 South America Automotive Tire Market Outlook, By Tubeless (2020-2028) ($MN)
153 South America Automotive Tire Market Outlook, By Material (2020-2028) ($MN)
154 South America Automotive Tire Market Outlook, By Natural Rubber (2020-2028) ($MN)
155 South America Automotive Tire Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
156 South America Automotive Tire Market Outlook, By Tire Type (2020-2028) ($MN)
157 South America Automotive Tire Market Outlook, By Summer Tires (2020-2028) ($MN)
158 South America Automotive Tire Market Outlook, By Winter Tires (2020-2028) ($MN)
159 South America Automotive Tire Market Outlook, By All-season Tires (2020-2028) ($MN)
160 South America Automotive Tire Market Outlook, By Rim Size (2020-2028) ($MN)
161 South America Automotive Tire Market Outlook, By Less than 15 inch (2020-2028) ($MN)
162 South America Automotive Tire Market Outlook, By 15-20 inch (2020-2028) ($MN)
163 South America Automotive Tire Market Outlook, By More than 20 inch (2020-2028) ($MN)
164 South America Automotive Tire Market Outlook, By Aspect Ratio (2020-2028) ($MN)
165 South America Automotive Tire Market Outlook, By <60 (2020-2028) ($MN)
166 South America Automotive Tire Market Outlook, By 60-70 (2020-2028) ($MN)
167 South America Automotive Tire Market Outlook, By >70 (2020-2028) ($MN)
168 South America Automotive Tire Market Outlook, By Distribution Channel (2020-2028) ($MN)
169 South America Automotive Tire Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
170 South America Automotive Tire Market Outlook, By Aftermarket (2020-2028) ($MN)
171 Middle East & Africa Automotive Tire Market Outlook, By Country (2020-2028) ($MN)
172 Middle East & Africa Automotive Tire Market Outlook, By Vehicle Type (2020-2028) ($MN)
173 Middle East & Africa Automotive Tire Market Outlook, By Electric Vehicle (2020-2028) ($MN)
174 Middle East & Africa Automotive Tire Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
175 Middle East & Africa Automotive Tire Market Outlook, By Heavy Commercial (2020-2028) ($MN)
176 Middle East & Africa Automotive Tire Market Outlook, By Light Commercial (2020-2028) ($MN)
177 Middle East & Africa Automotive Tire Market Outlook, By Passenger Car (2020-2028) ($MN)
178 Middle East & Africa Automotive Tire Market Outlook, By Section Width (2020-2028) ($MN)
179 Middle East & Africa Automotive Tire Market Outlook, By <200MM (2020-2028) ($MN)
180 Middle East & Africa Automotive Tire Market Outlook, By 200-230MM (2020-2028) ($MN)
181 Middle East & Africa Automotive Tire Market Outlook, By >230MM (2020-2028) ($MN)
182 Middle East & Africa Automotive Tire Market Outlook, By Tire Structure (2020-2028) ($MN)
183 Middle East & Africa Automotive Tire Market Outlook, By Bias (2020-2028) ($MN)
184 Middle East & Africa Automotive Tire Market Outlook, By Radial (2020-2028) ($MN)
185 Middle East & Africa Automotive Tire Market Outlook, By Tube (2020-2028) ($MN)
186 Middle East & Africa Automotive Tire Market Outlook, By Tubeless (2020-2028) ($MN)
187 Middle East & Africa Automotive Tire Market Outlook, By Material (2020-2028) ($MN)
188 Middle East & Africa Automotive Tire Market Outlook, By Natural Rubber (2020-2028) ($MN)
189 Middle East & Africa Automotive Tire Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
190 Middle East & Africa Automotive Tire Market Outlook, By Tire Type (2020-2028) ($MN)
191 Middle East & Africa Automotive Tire Market Outlook, By Summer Tires (2020-2028) ($MN)
192 Middle East & Africa Automotive Tire Market Outlook, By Winter Tires (2020-2028) ($MN)
193 Middle East & Africa Automotive Tire Market Outlook, By All-season Tires (2020-2028) ($MN)
194 Middle East & Africa Automotive Tire Market Outlook, By Rim Size (2020-2028) ($MN)
195 Middle East & Africa Automotive Tire Market Outlook, By Less than 15 inch (2020-2028) ($MN)
196 Middle East & Africa Automotive Tire Market Outlook, By 15-20 inch (2020-2028) ($MN)
197 Middle East & Africa Automotive Tire Market Outlook, By More than 20 inch (2020-2028) ($MN)
198 Middle East & Africa Automotive Tire Market Outlook, By Aspect Ratio (2020-2028) ($MN)
199 Middle East & Africa Automotive Tire Market Outlook, By <60 (2020-2028) ($MN)
200 Middle East & Africa Automotive Tire Market Outlook, By 60-70 (2020-2028) ($MN)
201 Middle East & Africa Automotive Tire Market Outlook, By >70 (2020-2028) ($MN)
202 Middle East & Africa Automotive Tire Market Outlook, By Distribution Channel (2020-2028) ($MN)
203 Middle East & Africa Automotive Tire Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
204 Middle East & Africa Automotive Tire Market Outlook, By Aftermarket (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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