Rubber Tire Market Growing Trade among Emerging Economies...

Rubber Tire Market Growing Trade among Emerging Economies Opening New Opportunities by 2030

Posted 2024-03-01 06:20:25

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Rubber Tire Market Report Overview:

The research gives a comprehensive analysis of the Rubber Tire Market, including dynamic patterns, industry landscape, and all main market features. The Rubber Tire market research report also offers a thorough examination of the key players.

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Estimated Revenue Growth:

The 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 Scope and Research Methodology:

The aim of this report is to assess and predict the size of the Rubber Tire market. It offers strategic profiles of significant market participants to provide an accurate depiction of the competitive landscape within the global Rubber Tire market. This includes a comprehensive analysis of recent developments such as new product launches, acquisitions, mergers, joint ventures, brand activities, and major players in the Rubber Tire industry. The report presents insights into industry trends, dynamics, and potentials, assisting professionals in staying informed about the latest trends and sector performance. This insight aids in predicting growth and decline in Rubber Tire market share over the forecast period.

In-depth understanding of the Rubber Tire industry was achieved through a combination of primary and secondary research methods. Various methodologies, including PESTLE, PORTER, and SWOT analysis, were employed to ensure accurate findings. SWOT analysis was employed to outline strengths, weaknesses, opportunities, and challenges for key players within the Rubber Tire industry. Additionally, the use of PORTER and PESTLE analysis allowed for an understanding of the microeconomic and macroeconomic factors influencing the Rubber Tire industry.

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, now account for 36% of all original equipment passenger car tyres.

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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.

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

Rubber Tire Market Regional Perspectives:

The report is segmented into several key countries, with market size, growth rate, import and export of Rubber Tire 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.

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Key Questions answered in the Rubber Tire Market Report are:

Which segment grabbed the largest share in the Rubber Tire market?
Which segment is expected to grow at a high rate during the forecast period?
How is the competitive scenario of the Rubber Tire market?
Which are the key factors driving the Rubber Tire market growth?
Which are the factors restraining the Rubber Tire market growth?
Which region holds the maximum share in the Rubber Tire market?
What will be the CAGR of the Rubber Tire market during the forecast period?
Which are the prominent players in the Rubber Tire market?

Key Offerings:

A detailed Analysis of the Market Overview
Market Share, Size Forecast by Revenue | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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

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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