Global Automotive Tire Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Automotive 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.
According to our (Global Info Research) latest study, the global Automotive Tire market size was valued at USD 133540 million in 2022 and is forecast to a readjusted size of USD 170370 million by 2029 with a CAGR of 3.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global automotive tire key players include Bridgestone, Michelin, Goodyear, Continental, Hankook, etc. Global top 5 manufacturers hold a share over 56%.
Asia-Pacific is the largest market, with a share about 35%, followed by Europe and North America with the share about 33% and 25%.
This report is a detailed and comprehensive analysis for global Automotive Tire market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Automotive Tire market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029
Global Automotive Tire market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029
Global Automotive Tire market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029
Global Automotive Tire market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Automotive Tire
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Automotive Tire market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bridgestone, GoodYear, Continental, Michelin and Sumitomo, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Automotive Tire market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Replacement Tires
    OE Tires
Market segment by Application
    Passenger Car
    Commercial Vehicle
Major players covered
    Bridgestone
    GoodYear
    Continental
    Michelin
    Sumitomo
    Hankook
    Pirelli
    Yokohama
    Zhongce Rubber
    Toyo Tire Corporation
    Cooper Tire
    Apollo Tyres
    KUMHO TIRES
    Linglong Tire
    MRF
    Cheng Shin Rubber (Maxxis)
    Sailun Group
    Nokian Tyres
    Triangle Tire Group
    JK TYRE
    AEOLUS TYRE
    Giti
    Nexen Tire
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Automotive Tire product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Automotive Tire, with price, sales, revenue and global market share of Automotive Tire from 2018 to 2023.
Chapter 3, the Automotive Tire competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Automotive Tire breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Automotive Tire market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Tire.
Chapter 14 and 15, to describe Automotive Tire sales channel, distributors, customers, research findings and conclusion.