Rubber Tires Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0074906
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.24 |
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Rubber Tires Market Analysis Report 2023-2032:
The Rubber Tires Market size is projected to experience a Compound Annual Growth Rate (CAGR) of 3.75% between 2022 and 2032, with the market size expected to increase by USD 12,563.89 million during this period. The growth of the rubber tires market hinges on several factors, including the expanding automotive industry, the shift towards electric vehicles (EVs), and increasing demand for sustainable and eco-friendly tire options. Rubber tires are vital components of vehicles, providing traction, stability, and shock absorption, making them a crucial part of the automotive industry and other sectors.
Rubber Tires Market Overview:
Drivers:
Additionally, the growing adoption of electric vehicles (EVs) has created a new avenue for rubber tire manufacturers. EVs often require specialized tires to accommodate the added weight of batteries and to enhance energy efficiency. This transition towards EVs is expected to boost the demand for specialized rubber tires designed for electric vehicles.
Trends:
Moreover, the tire industry is witnessing advancements in tire technology, including the integration of sensors and smart features. These smart tires can monitor tire pressure, tread wear, and road conditions, enhancing safety and performance.
Restraints:
Furthermore, stringent regulations related to tire labeling, safety standards, and emissions are adding complexity to the tire manufacturing process. Meeting these regulatory requirements demands continuous innovation and investment in research and development.
Rubber Tires Market Segmentation by Application:
Passenger Vehicles: The passenger vehicles segment is expected to witness substantial growth during the forecast period. As the number of passenger cars on the road continues to rise, the demand for replacement tires and tires for new vehicles increases. Additionally, innovations in tire technology, such as run-flat tires and all-season tires, cater to the diverse needs of passenger vehicle owners, further driving market growth.
Commercial Vehicles: The commercial vehicles segment, including trucks and buses, is a significant market for rubber tires. The growth of e-commerce and logistics industries has led to a higher demand for commercial vehicles, boosting the demand for durable and high-performance tires capable of withstanding heavy loads and long-distance travel.
Rubber Tires Market Segmentation by Type:
All-Season Tires: The all-season tires segment is witnessing substantial growth due to their versatility and adaptability to various weather conditions. These tires provide good performance in both wet and dry conditions, making them a popular choice for passenger cars and light trucks.
Performance Tires: Performance tires are designed for enhanced grip, handling, and speed. They are commonly used in sports cars and high-performance vehicles. The demand for performance tires is driven by automotive enthusiasts and those seeking superior driving experiences.
Regional Overview:
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Request pdf SampleNorth America: North America, led by the United States and Canada, is a prominent market for rubber tires. The region's robust automotive industry, coupled with a preference for light trucks and SUVs, contributes to the high demand for tires. Additionally, the adoption of electric vehicles is on the rise, creating opportunities for specialized EV tires.
Europe: Europe, with countries like the United Kingdom, Germany, and France, represents a mature market for rubber tires. Strict regulations regarding tire labeling and emissions drive tire manufacturers to develop eco-friendly and fuel-efficient tire options. The region also embraces electric vehicles, further fueling demand for specialized tires.
Asia-Pacific (APAC): The Asia-Pacific region, particularly China and India, is a major contributor to the global rubber tires market. Rapid urbanization, a burgeoning middle class, and increasing vehicle ownership rates are propelling tire demand. APAC is also a hub for tire manufacturing, with several key players operating in the region.
In conclusion, the rubber tires market is set to experience steady growth driven by factors such as the expansion of the automotive industry, the transition to electric vehicles, and a focus on sustainability. However, challenges related to raw material prices and regulatory compliance will need to be addressed by tire manufacturers to maintain their competitive edge.
Rubber Tires Market Customer Landscape:
The rubber tires market report includes a comprehensive analysis of the customer landscape, covering various stages of tire adoption, from early adopters to late adopters. It also explores customer preferences, purchase criteria, and price sensitivity, helping companies tailor their marketing and product development strategies to different customer segments.
Major Rubber Tires Market Companies:
Companies operating in the rubber tires market are employing various strategies to enhance their market presence, including strategic partnerships, mergers and acquisitions, geographic expansion, and product/service innovations.
- Bridgestone Corporation
- Michelin
- Goodyear Tire & Rubber Company
- Continental AG
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Hankook Tire & Technology Co., Ltd.
- Yokohama Rubber Co., Ltd.
- Cooper Tire & Rubber Company
- Toyo Tire Corporation
- Kumho Tire Co., Inc.
- Cheng Shin Rubber Industry Co., Ltd. (Maxxis)
- Giti Tire Corporation
- Nokian Tyres plc
- Apollo Tyres Ltd.
- MRF Limited
- JK Tyre & Industries Ltd.
- CEAT Limited
- Nexen Tire Corporation
- Sailun Group
The competitive landscape of the rubber tires market includes a range of key players, each with its unique strengths and weaknesses.
Segment Overview:
The rubber tires market report provides a comprehensive analysis of market growth in terms of revenue at the global, regional, and country levels. It also offers insights into the latest trends and growth opportunities from 2019 to 2032.
Application Outlook (USD Million, 2019 - 2032):
- Passenger Vehicles
- Commercial Vehicles
- Off-Road Vehicles
- Others
Type Outlook (USD Million, 2019 - 2032):
- All-Season Tires
- Performance Tires
- Eco-Friendly Tires
- Winter Tires
- Others
Geography Outlook (USD Million, 2019 - 2032):
- North America
- The United States
- Canada
- Europe
- The United Kingdom
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- South America
- Brazil
- Argentina
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
Chapter 1 Overview of Rubber Tires
1.1 Definition of Rubber Tires in This Report
1.2 Commercial Types of Rubber Tires
1.2.1 Diagonal Tires
1.2.2 Radial Tires
1.2.3 Other
1.3 Downstream Application of Rubber Tires
1.3.1 Aftermarkets
1.3.2 OEMs
1.4 Development History of Rubber Tires
1.5 Market Status and Trend of Rubber Tires 2013-2023
1.5.1 Global Rubber Tires Market Status and Trend 2013-2023
1.5.2 Regional Rubber Tires Market Status and Trend 2013-2023
Chapter 2 Global Market Status and Forecast by Regions
2.1 Market Development of Rubber Tires 2013-2017
2.2 Production Market of Rubber Tires by Regions
2.2.1 Production Volume of Rubber Tires by Regions
2.2.2 Production Value of Rubber Tires by Regions
2.3 Demand Market of Rubber Tires by Regions
2.4 Production and Demand Status of Rubber Tires by Regions
2.4.1 Production and Demand Status of Rubber Tires by Regions 2013-2017
2.4.2 Import and Export Status of Rubber Tires by Regions 2013-2017
Chapter 3 Global Market Status and Forecast by Types
3.1 Production Volume of Rubber Tires by Types
3.2 Production Value of Rubber Tires by Types
3.3 Market Forecast of Rubber Tires by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
4.1 Demand Volume of Rubber Tires by Downstream Industry
4.2 Market Forecast of Rubber Tires by Downstream Industry
Chapter 5 Market Driving Factor Analysis of Rubber Tires
5.1 Global Economy Situation and Trend Overview
5.2 Rubber Tires Downstream Industry Situation and Trend Overview
Chapter 6 Rubber Tires Market Competition Status by Major Manufacturers
6.1 Production Volume of Rubber Tires by Major Manufacturers
6.2 Production Value of Rubber Tires by Major Manufacturers
6.3 Basic Information of Rubber Tires by Major Manufacturers
6.3.1 Headquarters Location and Established Time of Rubber Tires Major Manufacturer
6.3.2 Employees and Revenue Level of Rubber Tires Major Manufacturer
6.4 Market Competition News and Trend
6.4.1 Merger, Consolidation or Acquisition News
6.4.2 Investment or Disinvestment News
6.4.3 New Product Development and Launch
Chapter 7 Rubber Tires Major Manufacturers Introduction and Market Data
7.1 Goodyear
7.1.1 Company profile
7.1.2 Representative Rubber Tires Product
7.1.3 Rubber Tires Sales, Revenue, Price and Gross Margin of Goodyear
7.2 MRF
7.2.1 Company profile
7.2.2 Representative Rubber Tires Product
7.2.3 Rubber Tires Sales, Revenue, Price and Gross Margin of MRF
7.3 Bridgestone
7.3.1 Company profile
7.3.2 Representative Rubber Tires Product
7.3.3 Rubber Tires Sales, Revenue, Price and Gross Margin of Bridgestone
7.4 Continental AG
7.4.1 Company profile
7.4.2 Representative Rubber Tires Product
7.4.3 Rubber Tires Sales, Revenue, Price and Gross Margin of Continental AG
7.5 Eurogrip Tires
7.5.1 Company profile
7.5.2 Representative Rubber Tires Product
7.5.3 Rubber Tires Sales, Revenue, Price and Gross Margin of Eurogrip Tires
7.6 Maxxis International
7.6.1 Company profile
7.6.2 Representative Rubber Tires Product
7.6.3 Rubber Tires Sales, Revenue, Price and Gross Margin of Maxxis International
Chapter 8 Upstream and Downstream Market Analysis of Rubber Tires
8.1 Industry Chain of Rubber Tires
8.2 Upstream Market and Representative Companies Analysis
8.3 Downstream Market and Representative Companies Analysis
Chapter 9 Cost and Gross Margin Analysis of Rubber Tires
9.1 Cost Structure Analysis of Rubber Tires
9.2 Raw Materials Cost Analysis of Rubber Tires
9.3 Labor Cost Analysis of Rubber Tires
9.4 Manufacturing Expenses Analysis of Rubber Tires
Chapter 10 Marketing Status Analysis of Rubber Tires
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Report Conclusion
Chapter 12 Research Methodology and Reference
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Reference
List of Tables
Table Advantage and Disadvantage of Diagonal Tires
Table Advantage and Disadvantage of Radial Tires
Table Advantage and Disadvantage of Other
Table Production Volume of Rubber Tires by Regions 2013-2017
Table Production Value of Rubber Tires by Regions 2013-2017
Table Demand Volume of Rubber Tires by Regions 2013-2017
Table Production and Demand Status of Rubber Tires in Region One 2013-2017
Table Production and Demand Status of Rubber Tires in Region Two 2013-2017
Table Production and Demand Status of Rubber Tires in Region Three 2013-2017
Table Production and Demand Status of Rubber Tires in Region Four 2013-2017
Table Import Volume of Rubber Tires by Regions 2013-2017
Table Export Volume of Rubber Tires by Regions 2013-2017
Table Production Volume of Rubber Tires by Types 2013-2017
Table Production Value of Rubber Tires by Types 2013-2017
Table Production Volume Forecast of Rubber Tires by Types 2018-2023
Table Production Value Forecast of Rubber Tires by Types 2018-2023
Table Demand Volume of Rubber Tires by Downstream Industry 2013-2017
Table Demand Volume Forecast of Rubber Tires by Downstream Industry 2018-2023
Table Production Volume of Rubber Tires by Major Manufacturers 2013-2017
Table Production Value of Rubber Tires by Major Manufacturers 2013-2017
Table Headquarters Location and Established Time of Rubber Tires Major Manufacturer
Table Employees and Revenue Level of Rubber Tires Major Manufacturer
Table Representative Rubber Tires Product One of Goodyear
Table Representative Rubber Tires Product Two of Goodyear
Table Rubber Tires Sales, Revenue, Price and Gross Margin of Goodyear 2013-2017
Table Representative Rubber Tires Product One of MRF
Table Representative Rubber Tires Product Two of MRF
Table Rubber Tires Sales, Revenue, Price and Gross Margin of MRF 2013-2017
Table Representative Rubber Tires Product One of Bridgestone
Table Representative Rubber Tires Product Two of Bridgestone
Table Rubber Tires Sales, Revenue, Price and Gross Margin of Bridgestone 2013-2017
Table Representative Rubber Tires Product One of Continental AG
Table Representative Rubber Tires Product Two of Continental AG
Table Rubber Tires Sales, Revenue, Price and Gross Margin of Continental AG 2013-2017
Table Representative Rubber Tires Product One of Eurogrip Tires
Table Representative Rubber Tires Product Two of Eurogrip Tires
Table Rubber Tires Sales, Revenue, Price and Gross Margin of Eurogrip Tires 2013-2017
Table Representative Rubber Tires Product One of Maxxis International
Table Representative Rubber Tires Product Two of Maxxis International
Table Rubber Tires Sales, Revenue, Price and Gross Margin of Maxxis International 2013-2017
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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