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Pneumatic Tire - Global Market Outlook (2019-2027)

Pneumatic Tire - Global Market Outlook (2019-2027)

4.4 (75 reviews)
Published: November 2020 ID: SMRC20111
4.4 (75 reviews)
Published: November 2020 ID: SMRC20111

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

According to Stratistics MRC, the Global Pneumatic Tire Market is accounted for $268.69 billion in 2019 and is expected to reach $535.38 billion by 2027 growing at a CAGR of 9.0% during the forecast period. Some of the key factors propelling the growth of the market are increasing vehicle production, rapid urbanization, and rising disposable income of consumers. However, the growing popularity of retreading tires is the restraining factor for the growth of the market.

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Pneumatic tires are rubber tires filled with compressed air that improves the loading capacity of tires and enhance the general performance of the vehicle. A wide variety of raw materials like natural rubber, synthetic rubber, carbon black, and steel wire among others are used in the manufacturing of pneumatic tires.

By vehicle, the four-wheelers segment is expected to grow at a significant market share during the forecast period owing to its growing acceptance as an effective means of transportation in most of the developing economies. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the increasing consumer spending along with rising R&D investment for the development of new automotive types.

Some of the key players in Pneumatic Tire Market include The Yokohama Rubber Co. Ltd., The Goodyear Tire and Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C.S.p.A, Michelin, Kumho Tire Co., Inc., Hankook Tire Co. Ltd., Cooper Tire & Rubber Company, Continental AG, and Bridgestone Corporation.

Vehicles Covered:
• Agricultural Vehicles
• Off-Road Vehicles
• Low-Speed Electric Type
• Two-Wheelers
• Four-Wheelers
• Aircraft
• Industrial Vehicles

Product Types Covered:
• Radial Tires
• Cross-ply Tires

Tire Types Covered:
• Solid Pneumatic Tire
• Air Pneumatic Tire

Types Covered:
• Multi Utility Type
• All Terrain Type

Sales Channels Covered:
• Direct Channel
• Distribution Channel

Applications Covered:
• Factories
• Stations
• Ports
• Airports
• Distribution Centers

Raw Materials Covered:
• Natural Rubber
• Synthetic Rubber
• Carbon Black
• Steel Wire
• Petrochemicals Reinforcing Materials

End Users Covered:
• Replacement Tires
• Original Equipment Manufacturer (OEM)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
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 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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

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