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Download Free sampleAutomotive 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.
Auto Tire Market aims to provide a comprehensive presentation of the global market for Auto Tire, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Auto Tire. Auto Tire Market contains market size and forecasts of Auto Tire in global, including the following market information:
Global Auto Tire Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Auto Tire Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five Auto Tire companies in 2022 (%)
The global Auto Tire market was valued at US$ 139460 million in 2022 and is projected to reach US$ 195930 million by 2029, at a CAGR of 5.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Auto Tire main manufactuers include GoodYear, Bridgestone and Continental, totally accounting for 36% of the market. Europe is the largest market, with a share over 33%. As for the types of products, it can be divided into OE Tire and Replacement Tire. The most common type is Replacement Tire, with a share over 70%. In terms of application, it is widely used in Passenger Vehicle and Commercial Vehicle, accounting for 75% and 25% respectively.
We surveyed the Auto 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:
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