Rubber Tire Market

Global Rubber Tire Market by Tire Types (Bias, Radial, and Solid), Technologies (Connected Tires and Winter Tires), Vehicle Types (Agriculture Tractors, Construction & Mining Vehicles, Industrial Vehicles, Light Commercial Vehicles, Motorcycles & Scooters, Passenger Vehicles, and Truck & Bus), Sales Channels (Aftermarket and Original Equipment Manufacturers (OEMs)), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: AL-2910
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 199
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The global rubber tire market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Most ground vehicles are equipped with rubber tires. In addition to dampening the oscillations caused by irregularities in the roadway, tires protect the wheel from wear and tear while simultaneously serving as a high-friction bond between the vehicle and the road to improve acceleration and handling. For truck, agricultural, industrial, specialty, cycle, and caster tyres, various types of tires are available that guarantee maximum inflation pressure retention.

Rubber Tire Market summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing road traffic due to rising number of last mile deliveries and growing e-commerce activities, which is estimated to drive the  tire demand across the globe.
  • Rising consumer awareness about vehicle maintenance, the adoption of tire monitoring systems by fleet managers, and the expansion of retail and dealer networks in rural areas are some of the driving trends of the market.
  • The global economy is expanding, road infrastructure is being developed, and the number of cross-border and long-haul trucks is increasing, which is boosting rubber tire demand around the world.
  • Consumers are likely to own new vehicles due to the spread of the pandemic across the globe, which is anticipated to fuel vehicle sales, propelling the demand for rubber tires.
  • Raw material cost volatility can create challenges for the market.
  • Rapid urbanization across the globe is expected to boost the rubber tire market significantly due to rise in construction activities where heavy commercial and construction vehicles are in high demand.

Scope of the report:

The report on global rubber tire market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Rubber Tire Market - Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Tire Types (Bias, Radial, and Solid), Technologies (Connected Tires and Winter Tires), Vehicle Types (Agriculture Tractors, Construction & Mining Vehicles, Industrial Vehicles, Light Commercial Vehicles, Motorcycles & Scooters, Passenger Vehicles, and Truck & Bus), Sales Channels (Aftermarket and Original Equipment Manufacturers (OEMs))

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Apollo Tyres Ltd., Bridgestone Corporation, CEAT Ltd., China National Tire & Rubber Co., Ltd, Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C. S.p.A, Qingdao Fullrun Tyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Trelleborg AB, and Yokohama Tire Corporation.

Market Segment Insights:

Radial segment is projected to hold significant market share

In terms of types, the global rubber tire market can be divided into bias, radial, and solid. The radial segment is projected to hold a significant market share due to rising use of passenger vehicles The bias tires held a significant share of the market due to the preference for fitting bias tires in construction & mining vehicles and agriculture tractors owing to their low price and thicker sidewalls.

Rubber Tire Market types

Connected tires segment is projected to grow at a rapid pace during the forecast period

On the basis of technologies, the global rubber tire market can be bifurcated into connected tires and winter tires. The connected tires segment is projected to grow at a robust pace during the forecast period due to the rising inclination for digital monitoring and predictive maintenance of tires.

Rubber Tire Market technologies

Passenger Vehicle segment is anticipated to account for a substantial market share

Based on vehicle types, the global rubber tire market can be divided into agriculture tractors, construction & mining vehicles, industrial vehicles, light commercial vehicles, motorcycles & scooters, passenger vehicles, and truck & bus. The passenger vehicles segment is anticipated to account for a substantial share owing to the rising purchase power parity of society, which in turn, is fueling consumer demand for vehicles. Significant sales of passenger vehicles and continued advancements have flourished the segment growth in the past few years. Additionally, introduction to electric vehicles along with integration of advanced drive assistance technologies in the passenger vehicles especially for semi-luxury and luxury vehicles are expected to magnificently boost its demand over the coming years.

Aftermarket segment is growing at a significant pace in near future

On the basis of sales channels, the global rubber tire market can be bifurcated into aftermarket and original equipment manufacturers (OEMs). The aftermarket segment is expected to grow at a significant pace in near future by increasing average miles driven by vehicles and growing number of vehicles. The growth in automobile ownership and the shifting demand toward use of low rolling resistance tires can boost the future growth of the market segment.

Asia Pacific is expected to dominate the market

In terms of regions, the global rubber tire market can be classified as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is expected to dominate the market with a lucrative growth rate due to the high usage of agriculture tractors in China and India. Asia Pacific is the largest producer as well as consumer with Thailand being the prominent producing natural rubber and China being a major consumer. Rapid growth in the automotive and construction industries is a key driver of the market in this region.

Rubber Tire Market region

Segments

By Types

  • Bias
  • Radial
  • Solid

By Technologies

  • Connected Tires
  • Winter Tires

By Vehicle Types

  • Agriculture Tractors
  • Construction & Mining Vehicles
  • Industrial Vehicles
  • Light Commercial Vehicles
  • Motorcycles & Scooters
  • Passenger Vehicles
  • Truck & Bus

By Sales Channels

  • Aftermarket
  • Original Equipment Manufacturers (OEMs)

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • Apollo Tyres Ltd.
  • Bridgestone Corporation
  • CEAT Ltd.
  • China National Tire & Rubber Co., Ltd
  • Continental AG
  • Cooper Tire & Rubber Company
  • Giti Tire
  • Hangzhou Zhongce Rubber Co., Ltd.
  • Hankook Tire
  • Kumho Tire Co., Inc.
  • MICHELIN
  • Nexen Tire Corporation
  • Nokian Tyres plc
  • Pirelli & C. S.p.A
  • Qingdao Fullrun Tyre Corp., Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • Toyo Tire & Rubber Co., Ltd.
  • Trelleborg AB
  • Yokohama Tire Corporation

Competitive Landscape

Key players in the global rubber tire market are Apollo Tyres Ltd., Bridgestone Corporation, CEAT Ltd., China National Tire & Rubber Co., Ltd, Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C. S.p.A, Qingdao Fullrun Tyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Trelleborg AB, and Yokohama Tire Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Rubber Tire Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rubber Tire Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Rubber Tire Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Rubber Tire Market - Supply Chain
  4.5. Global Rubber Tire Market Forecast
     4.5.1. Rubber Tire Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Rubber Tire Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Rubber Tire Market Absolute $ Opportunity
5. Global Rubber Tire Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Rubber Tire Market Size and Volume Forecast by Types
     5.3.1. Bias
     5.3.2. Radial
     5.3.3. Solid
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Rubber Tire Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Rubber Tire Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Rubber Tire Demand Share Forecast, 2019-2026
7. North America Rubber Tire Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Rubber Tire Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Rubber Tire Market Size and Volume Forecast by Types
     7.4.1. Bias
     7.4.2. Radial
     7.4.3. Solid
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Rubber Tire Demand Share Forecast, 2019-2026
8. Latin America Rubber Tire Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Rubber Tire Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Rubber Tire Market Size and Volume Forecast by Types
     8.4.1. Bias
     8.4.2. Radial
     8.4.3. Solid
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Rubber Tire Demand Share Forecast, 2019-2026
9. Europe Rubber Tire Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Rubber Tire Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Rubber Tire Market Size and Volume Forecast by Types
     9.4.1. Bias
     9.4.2. Radial
     9.4.3. Solid
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Rubber Tire Demand Share Forecast, 2019-2026
10. Asia Pacific Rubber Tire Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Rubber Tire Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Rubber Tire Market Size and Volume Forecast by Types
     10.4.1. Bias
     10.4.2. Radial
     10.4.3. Solid
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Rubber Tire Demand Share Forecast, 2019-2026
11. Middle East & Africa Rubber Tire Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Rubber Tire Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Rubber Tire Market Size and Volume Forecast by Types
     11.4.1. Bias
     11.4.2. Radial
     11.4.3. Solid
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Rubber Tire Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Rubber Tire Market: Market Share Analysis
  12.2. Rubber Tire Distributors and Customers
  12.3. Rubber Tire Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Apollo Tyres Ltd.
     12.4.2. Bridgestone Corporation
     12.4.3. CEAT Ltd.
     12.4.4. China National Tire & Rubber Co., Ltd
     12.4.5. Continental AG
     12.4.6. Cooper Tire & Rubber Company
     12.4.7. Giti Tire

By Types

  • Bias
  • Radial
  • Solid

By Technologies

  • Connected Tires
  • Winter Tires

By Vehicle Types

  • Agriculture Tractors
  • Construction & Mining Vehicles
  • Industrial Vehicles
  • Light Commercial Vehicles
  • Motorcycles & Scooters
  • Passenger Vehicles
  • Truck & Bus

By Sales Channels

  • Aftermarket
  • Original Equipment Manufacturers (OEMs)

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • Apollo Tyres Ltd.
  • Bridgestone Corporation
  • CEAT Ltd.
  • China National Tire & Rubber Co., Ltd
  • Continental AG
  • Cooper Tire & Rubber Company
  • Giti Tire
  • Hangzhou Zhongce Rubber Co., Ltd.
  • Hankook Tire
  • Kumho Tire Co., Inc.
  • MICHELIN
  • Nexen Tire Corporation
  • Nokian Tyres plc
  • Pirelli & C. S.p.A
  • Qingdao Fullrun Tyre Corp., Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • Toyo Tire & Rubber Co., Ltd.
  • Trelleborg AB
  • Yokohama Tire Corporation

Key players in the global rubber tire market are Apollo Tyres Ltd., Bridgestone Corporation, CEAT Ltd., China National Tire & Rubber Co., Ltd, Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C. S.p.A, Qingdao Fullrun Tyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Trelleborg AB, and Yokohama Tire Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Rubber Tire Market keyplayers

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