Rubber Tire Market Report Overview

Maximise Market Research has issued papers to help clients understand the landscape of the Rubber Tire Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Rubber Tire's competitiveness. The Rubber Tire market overview provides detailed information on the market's size, trade data, key players, and several market metrics such as life cycle, trends, and so on.

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Rubber Tire Market Report Scope and Research Methodology

The Rubber Tire market report delves into the importance of segments and regional markets, based on factors like market size and growth rate. A comprehensive overview of all segments and regions is outlined within the report. An in-depth analysis of projected statistics, significant developments, and revenue is encompassed in the Rubber Tire market report. It also entails a thorough examination of the key strategies employed by leading market players to enhance business growth on a global scale while maintaining a competitive edge. The research on the Rubber Tire market encompasses an evaluation of production, consumption, revenue, market share, and growth rates across the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The application of SWOT analysis offers insights into the strengths and weaknesses of the Rubber Tire market.

Market Dynamics:

Rising Concentrate on performance and consumer requirements.
Manufacturers have created technology that connects a tyre to its vehicle and informs drivers about routine maintenance requirements via tyre pressure monitoring systems. Rubber tyre manufacturers are taking it a step further, expanding the technology beyond the tyre and perhaps the car. As the automotive industry moves towards an autonomous future, tyres, as the only connection between the vehicle and the road, must do more, especially if there is no driver to monitor the tyre or the risks on the road.

Tyres with high performance and speed ratings have grown in favour over time. These premium-priced tyres, which provide higher profit margins for tyre makers.

Rubber Tyre Market Opportunities:

The expansion of industrialization and urbanisation contributes to the growth of the rubber tyre market.
A rapid expansion in industry and urbanisation around the world is projected to improve the rubber market. As industrialization and building activities increase, so will demand for heavy vehicles. Urbanisation raises the number of commercial vehicles, which promotes the global tyre industry.
A strong brand name with a reputation for high-quality items may be able to raise costs without negatively impacting demand because product innovation not only improves quality but also increases life expectancy and security. An increase in the number of automotive businesses and expanding population tends to boost production in vehicle tyres for various goods in industrial sectors

Rubber Tire Market Growth:

Rubber Tire Market size was valued at USD 149.41 Bn. in 2022 and the total Rubber Tire revenue is expected to grow by 3.8 % from 2023 to 2029, reaching nearly USD 193.98 Bn.

Rubber Tire Market Regional Insights:

The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

Rubber Tire Market Segmentation:

by Tire Type
Bias tire
Radial tire

The Bias tyres segment dominated the market in 2022 and is likely to maintain its dominance during the forecast period. Bias tyres' tread degrades faster due to increased traction. It has high rolling resistance, which might reduce fuel economy. Additionally, the rollover effect causes traction loss while cornering.

Furthermore, the Radial tyres category is predicted to increase rapidly over the projection period. High-speed tyres are thought to be superior to Bias tyres in terms of fuel efficiency and durability. They also provide a smoother, more pleasant ride and a better grip on the road, resulting in superior handling and stability.

by Vehicle Type
Commercial Vehicle
Industrial Vehicle
Passenger Vehicle
Agricultural Vehicle
Electrical Vehicle

The tyre market is classified into several categories, including commercial vehicles, passenger vehicles, agricultural vehicles, industrial vehicles, construction and mining vehicles, motorcycles, buses, scooters, trucks and bicycles. Passenger vehicles and commercial vehicles play crucial projected roles for a significant share owing to the expanding purchase power of society, which increases the high demand for automobiles.
Urbanisation and industrialization greatly boost modern agricultural vehicles and their productivity, and ongoing developments have fueled sector expansion in the tyre market. Commercial vehicles, motorcycles and buses all play an important part in pushing the rubber tyre market. Furthermore, electric vehicles, together with advanced and integrated technologies, such as passenger vehicles, particularly luxury and semi-luxury vehicles, are predicted to raise demand for the rubber tyre industry over

by Rim Type
Less than 15 inches
15 to 20 inches
More than 20 inches

by Season type
All Season Tire
Winter Tire
Summer Tire

Rubber tyres are divided into three categories. Tyre types include all-season, winter and summer. This category is based on a variety of factors, including grip, durability, rolling noise, temperature, weather conditions, braking capability, and cost.
The All Seasons tyre segment dominated the market in 2022 and is likely to maintain its dominance throughout the forecast period. The all-season segment is expected to expand at a CAGR of 4.5% over the projection period. All-season rubber tyres provide normal grip in a wide range of situations and have a tread compound that stiffens when temperatures decrease but can still tolerate hot weather. It is designed for both dry and wet weather. Winter tyres include larger grooves for better traction and sharp, uneven edges.

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Rubber Tire Market Key Players:

1. Apollo Tyres Ltd
2. Bridgestone Corporation
3. CEAT Limited
4. Continental AG
5. Hankook & Company Co., Ltd.
6. JK Tyre & INDUSTRIES LTD.
7. Michelin
8. MRF Limited
9. Nokian Tyres PLC
10. Pirelli & C. S.p.A
11. Sailun Group Co., Ltd.
12. Salsons Impex Pvt. Ltd
13. Shandong Linglong Group Co. Ltd.
14. Sumitomo Rubber Industries, Ltd.
15. The Goodyear Tire & Rubber Company
16. The Yokohama Rubber Co., Ltd.
17. Triangle Tire Co., Ltd.,
18. Toyo Tire Corporation
19. Wanli Tire Co., Ltd.
20. Zhongce Rubber Group Co., Ltd.
21. Others

Table of Content: Rubber Tire Market

Part 01: Executive Summary

Part 02: Scope of the Rubber Tire Market Report

Part 03: Rubber Tire Market Landscape

Part 04: Rubber Tire Market Sizing

Part 05: Rubber Tire Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key questions answered in the Rubber Tire Market are:

• What are the Rubber Tire Market segments?
• Which Rubber Tire market segment is expected to grow rapidly during the forecast period?
• What is the expected CAGR of the Rubber Tire market during the forecast period?
• Who are the top players in the Rubber Tire industry?
• Which region is expected to grow at a high CAGR during the forecast period?
• Which region held the largest Rubber Tire market share in 2024?

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Key Offerings:

• Market Overview
• Market Share
• Market Size
• Forecast by Revenue | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments, sub-segments and region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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