KEY FINDINGS
The global automotive tire aftermarket, tire replacement market is set to surge with a 4.53% CAGR during the estimated period, 2022-2030. Stringent regulations regarding tire labeling and surging requirements for energy-efficient tires drive global market growth.
MARKET INSIGHTS
Tire aftermarket, tire replacement provides all-around performance upgrades on vehicles for which they are rated and sized. Several strict laws for automobiles and vehicle manufacturers are being enforced by governments worldwide. Therefore, tire manufacturers have adopted various environmentally friendly raw materials without sacrificing lighter tires, resulting in greater fuel economy and consumption as well as much lower vehicle weight.
The major companies in the automotive tire aftermarket are continually developing new technology in manufacturing green tires to meet customers' requirements and strict regulatory guidelines. As a result, the increased demand for green tires will drive the expansion of the automobile tire aftermarket globally.
In addition, Automotive tire manufacturers are concentrating on producing airless tires for passenger and commercial vehicles. Minimal-pressure tires offer zero downtime, no loss of productivity for commercial vehicles, and improved vehicle safety and performance. These innovations are expected to drive the global automotive tire aftermarket, tire replacement market.
REGIONAL INSIGHTS
The global tire aftermarket, tire replacement market growth assessment includes the evaluation of Europe, Asia-Pacific, North America, and Rest of World. Asia-Pacific is anticipated to be the leading region during the forecast period due to the presence of leading manufacturing companies and advancing technologies in the automotive industry.
COMPETITIVE INSIGHTS
The global tire aftermarket, tire replacement market is highly competitive, with numerous global players investing heavily in green technology adoption in tire manufacturing and launching multiple products yearly.
Some of the key companies in the market include Michelin, MRF, JK Tyre, Pirelli & C SpA, NEXEN TIRE Corporation, Maxxis, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Global Tire Aftermarket, Tire Replacement Market Forecast 2022-2030
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Greater Requirement For Energy-Efficient Tires
3.1.2. Stringent Government Regulations Regarding Tire Labeling
3.2. Key Restraints
3.2.1. Volatile Prices Of Rubber And Other Automotive Raw Materials
4. Key Analytics
4.1. Impact Of Covid-19 On Tire Aftermarket, Tire Replacement Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Regulatory Framework
5. Market By Tire Type
5.1. Radial Tire
5.2. Bias Tire
6. Market By Rim Size
6.1. 13-5 Inches
6.2. 16-18 Inches
6.3. 19-21 Inches
6.4. More Than 21 Inches
7. Market By Distribution Channel
7.1. Original Equipment Supplier
7.2. Independent Aftermarket
8. Geographical Analysis
8.1. North America
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis
8.1.5.1. United States
8.1.5.2. Canada
8.2. Europe
8.2.1. Market Size & Estimates
8.2.2. Key Growth Enablers
8.2.3. Key Challenges
8.2.4. Key Players
8.2.5. Country Analysis
8.2.5.1. United Kingdom
8.2.5.2. Germany
8.2.5.3. France
8.2.5.4. Spain
8.2.5.5. Italy
8.2.5.6. Slovakia
8.2.5.7. Czech Republic
8.2.5.8. Rest Of Europe
8.3. Asia-Pacific
8.3.1. Market Size & Estimates
8.3.2. Key Growth Enablers
8.3.3. Key Challenges
8.3.4. Key Players
8.3.5. Country Analysis
8.3.5.1. China
8.3.5.2. Japan
8.3.5.3. India
8.3.5.4. South Korea
8.3.5.5. Indonesia
8.3.5.6. Thailand
8.3.5.7. Vietnam
8.3.5.8. Australia & New Zealand
8.3.5.9. Rest Of Asia-Pacific
8.4. Rest Of World
8.4.1. Market Size & Estimates
8.4.2. Key Growth Enablers
8.4.3. Key Challenges
8.4.4. Key Players
8.4.5. Regional Analysis
8.4.5.1. Latin America
8.4.5.2. Middle East & Africa
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Mergers & Acquisitions
9.1.2. Product Launches & Developments
9.1.3. Partnerships & Agreements
9.1.4. Business Expansions & Divestitures
9.2. Company Profiles
9.2.1. Apollo Tyres
9.2.2. Bridgestone Corporation
9.2.3. Ceat Limited
9.2.4. Continental Ag
9.2.5. Goodyear Tires
9.2.6. Hankook Tire & Technology Co Ltd
9.2.7. Jk Tyre
9.2.8. Maxxis
9.2.9. Michelin
9.2.10. Mrf
9.2.11. Nexen Tire Corporation
9.2.12. Pirelli & C Spa
9.2.13. Sumitomo Rubber Industries Ltd
9.2.14. The Yokohama Rubber Company
9.2.15. Toyo Tires
List Of Tables
Table 1: Market Snapshot - Tire Aftermarket, Tire Replacement
Table 2: Regulatory Framework
Table 3: Global Tire Aftermarket, Tire Replacement Market, By Tire Type, Historical Years, 2018-2021 (In $ Billion)
Table 4: Global Tire Aftermarket, Tire Replacement Market, By Tire Type, Forecast Years, 2022-2030 (In $ Billion)
Table 5: Global Radial Tire Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 6: Global Radial Tire Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 7: Global Bias Tire Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 8: Global Bias Tire Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 9: Global Tire Aftermarket, Tire Replacement Market, By Rim Size, Historical Years, 2018-2021 (In $ Billion)
Table 10: Global Tire Aftermarket, Tire Replacement Market, By Rim Size, Forecast Years, 2022-2030 (In $ Billion)
Table 11: Global 13-15 Inches Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 12: Global 13-15 Inches Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 13: Global 16-18 Inches Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 14: Global 16-18 Inches Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 15: Global 19-21 Inches Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 16: Global 19-21 Inches Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 17: Global More Than 21 Inches Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 18: Global More Than 21 Inches Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 19: Global Tire Aftermarket, Tire Replacement Market, By Distribution Channel, Historical Years, 2018-2021 (In $ Billion)
Table 20: Global Tire Aftermarket, Tire Replacement Market, By Distribution Channel, Forecast Years, 2022-2030 (In $ Billion)
Table 21: Global Original Equipment Supplier Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 22: Global Original Equipment Supplier Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 23: Global Independent Aftermarket Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 24: Global Independent Aftermarket Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 25: Global Tire Aftermarket, Tire Replacement Market, By Geography, Historical Years, 2018-2021 (In $ Billion)
Table 26: Global Tire Aftermarket, Tire Replacement Market, By Geography, Forecast Years, 2022-2030 (In $ Billion)
Table 27: North America Tire Aftermarket, Tire Replacement Market, By Country, Historical Years, 2018-2021 (In $ Billion)
Table 28: North America Tire Aftermarket, Tire Replacement Market, By Country, Forecast Years, 2022-2030 (In $ Billion)
Table 29: Leading Players Operating In North America Tire Aftermarket, Tire Replacement Market
Table 30: Europe Tire Aftermarket, Tire Replacement Market, By Country, Historical Years, 2018-2021 (In $ Billion)
Table 31: Europe Tire Aftermarket, Tire Replacement Market, By Country, Forecast Years, 2022-2030 (In $ Billion)
Table 32: Leading Players Operating In Europe Tire Aftermarket, Tire Replacement Market
Table 33: Asia-Pacific Tire Aftermarket, Tire Replacement Market, By Country, Historical Years, 2018-2021 (In $ Billion)
Table 34: Asia-Pacific Tire Aftermarket, Tire Replacement Market, By Country, Forecast Years, 2022-2030 (In $ Billion)
Table 35: Leading Players Operating In Asia-Pacific Tire Aftermarket, Tire Replacement Market
Table 36: Rest Of World Tire Aftermarket, Tire Replacement Market, By Region, Historical Years, 2018-2021 (In $ Billion)
Table 37: Rest Of World Tire Aftermarket, Tire Replacement Market, By Region, Forecast Years, 2022-2030 (In $ Billion)
Table 38: Leading Players Operating In Rest Of World Tire Aftermarket, Tire Replacement Market
Table 39: List Of Mergers & Acquisitions
Table 40: List Of Product Launches & Developments
Table 41: List Of Partnerships & Agreements
Table 42: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Global Tire Aftermarket, Tire Replacement Market, Growth Potential, By Tire Type, In 2021
Figure 6: Global Tire Aftermarket, Tire Replacement Market, By Radial Tire, 2022-2030 (In $ Billion)
Figure 7: Global Tire Aftermarket, Tire Replacement Market, By Bias Tire, 2022-2030 (In $ Billion)
Figure 8: Global Tire Aftermarket, Tire Replacement Market, Growth Potential, By Rim Size, In 2021
Figure 9: Global Tire Aftermarket, Tire Replacement Market, By 13-15 Inches, 2022-2030 (In $ Billion)
Figure 10: Global Tire Aftermarket, Tire Replacement Market, By 16-18 Inches, 2022-2030 (In $ Billion)
Figure 11: Global Tire Aftermarket, Tire Replacement Market, By 19-21 Inches, 2022-2030 (In $ Billion)
Figure 12: Global Tire Aftermarket, Tire Replacement Market, By More Than 21 Inches, 2022-2030 (In $ Billion)
Figure 13: Global Tire Aftermarket, Tire Replacement Market, Growth Potential, By Distribution Channel, In 2021
Figure 14: Global Tire Aftermarket, Tire Replacement Market, By Original Equipment Supplier, 2022-2030 (In $ Billion)
Figure 15: Global Tire Aftermarket, Tire Replacement Market, By Independent Aftermarket, 2022-2030 (In $ Billion)
Figure 16: North America Tire Aftermarket, Tire Replacement Market, Country Outlook, 2021 & 2030 (In %)
Figure 17: United States Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 18: Canada Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 19: Europe Tire Aftermarket, Tire Replacement Market, Country Outlook, 2021 & 2030 (In %)
Figure 20: United Kingdom Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 21: Germany Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 22: France Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 23: Spain Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 24: Italy Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 25: Slovakia Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 26: Czech Republic Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 27: Rest Of Europe Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 28: Asia-Pacific Tire Aftermarket, Tire Replacement Market, Country Outlook, 2021 & 2030 (In %)
Figure 29: China Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 30: Japan Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 31: India Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 32: South Korea Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 33: Indonesia Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 34: Thailand Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 35: Vietnam Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 36: Australia & New Zealand Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 37: Rest Of Asia-Pacific Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 38: Rest Of World Tire Aftermarket, Tire Replacement Market, Regional Outlook, 2021 & 2030 (In %)
Figure 39: Latin America Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
Figure 40: Middle East & Africa Tire Aftermarket, Tire Replacement Market, 2022-2030 (In $ Billion)
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