HOME Top Market Reports Tires Market for OE & Replacement by Rim Size (13-15,16-18,19-21,22-26 inch), Replacement Market, Aspect Ratio (35-55, 60-70, 75-85), Section Width (<200,200-230,>230 mm), Retreading Market and OHV Tires Market, Application, and Region - Global Forecast to 2021

Tires Market for OE & Replacement by Rim Size (13-15,16-18,19-21,22-26 inch), Replacement Market, Aspect Ratio (35-55, 60-70, 75-85), Section Width (<200,200-230,>230 mm), Retreading Market and OHV Tires Market, Application, and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: AT 3223

 

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The tires market for Original Equipment (OE) is driven by factors such as increasing demand for low rolling resistance tires, better fuel economy, demand for high performance and low-profile tires, technological advancements such as smart tires, eco-friendly tires, and others, End-Of-Life Vehicle (ELV) regulations and other factors.  The tires OE market size was valued at USD 23.18 Billion in 2016, and is projected to grow at a CAGR of 5.48% during the forecast period. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.

Objectives of the Study:

  • To define, describe, and project the tires market for original equipment (OE) on the basis of country, vehicle type and rim size (13”-15”, 16”-18”,19”-21” and 22”-26”)
  • To define, describe, and project the tires replacement market in terms of section width (<200 mm, 200-230 mm and >230 mm), aspect ratio (35-55, 60-70, 75-85) and rim size. The tire retreading market has been studied at regional level
  • The tires market for off-highway equipment has been studied at regional level, by application (construction equipment and agricultural tractors)
  • To analyze and forecast  the market size, in terms of volume (million units) and value (USD billion), of the tires market
  • To identify the market dynamics and analyze their impact on the tires market
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants

The research methodology used in the report involves primary and secondary sources. Secondary sources include associations such as Rubber Manufacturers Association (RMA), The Tire and Rim Association, Inc., European Tyre & Rubber Manufacturers' Association (ETRMA), and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the tires market OE and aftermarket. The tires market, in terms of volume (million units) and value (USD billion), for OE and aftermarket has been derived from forecasting techniques based on model mapping of production and sales data for all regions. Model mapping helped to provide the penetrations of different rim sizes, across regions. These penetrations are verified using different primary sources.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive Tire Market

To know about the assumptions considered for the study, download the pdf brochure

The tire market ecosystem consists of tire manufacturers such as Continental AG (Germany), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (U.S.), and Michelin (France). These tires are supplied to major OEMs in the automotive industry including Nissan (Japan), Tesla Motors (U.S.), Honda (Japan) and others.

Target Audience

  • Manufacturers of automotive tires
  • Manufacturers of off-highway tires
  • Raw-material manufacturers of tires/tire components (suppliers for tier I)
  • Traders, distributors, and suppliers of tires or tire components or raw materials
  • Regional manufacturer associations
  • Aftermarket and tire retreading associations
  • Automotive OEMs
  • Organized and unorganized aftermarket suppliers
  • Tire retreading companies
  • Government’s national and regional environmental regulatory agencies or organizations

Scope of the Report

  • Automotive Tires OE & Aftermarket, By Region & Rim Size
    • 13”-15”
    • 16”-18”
    • 19”-21”
    • 22”-26”
  • Automotive Tires Aftermarket, By Section Width
    • <200 mm
    • 200-230 mm
    • >230 mm
  • Automotive Tires Aftermarket, By Aspect Ratio
    • 35-55
    • 60-70
    • 75-85
  • Automotive Tires Market, By Region
    • North America
    • Europe
    • Asia-Oceania
    • Rest of the World
  • Automotive Tires Retreading Market, By Region
    • North America
    • Europe
    • Asia-Oceania
    • Rest of the World
  • Off-highway Tires OE Market, By Region
    • North America
    • Europe
    • Asia-Oceania
    • Rest of the World

Available Customizations

  • Automotive Tires OE Market, By Type and Vehicle Type (Country Level)
    • Radial
    • Bias
  • Automotive Tires OE Market, By Tube Type and Vehicle Type (Country Level)
    • Tube
    • Tubeless
  • Automotive Tire OE Market, by Material Type & Region
    • Polymers
    • Fillers
    • Softeners
    • Curatives
    • Others
  • Automotive Tire OE Market, By Season & Region
    • Summer
    • Winter
      • Studded
      • Non-Studded
    • All Season
  • Off Highway Tire OE Market, By Vehicle Type, Rim Size & Region
    • Construction Equipment
      • Rim diameter (24 to 32 inch)
      • Rim diameter (34 to 54 inch)
    • Agricultural Tractors
      • Rim diameter (24 to 35 inch)
      • Rim diameter (39 to 57 inch)
  • Global Retreading Market, By Retread Process (Commercial Vehicles)
    • Mold Cure
    • Pre-Cure
  • Automotive Tires Who Supplies Whom, By Region & OEM
    • Europe
    • Americas
    • China
    • Japan

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered in the Study
    1.3 Currency
    1.4 Package Size
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand-Side Analysis
                    2.4.2.1 Increasing Vehicle Parc Influencing the Tires Replacement Market
                    2.4.2.2 Infrastructure : Roadways
           2.4.3 Supply-Side Analysis
                    2.4.3.1 Fluctuating Oil Prices Impacting Tires Raw Material Cost
                    2.4.3.2 Limited Inventory of New Tire Sizes Impacting the Tires Replacement Market
    2.5 Market Estimation
           2.5.1 Bottom-Up Approach
           2.5.2 Top-Down Approach
           2.5.3 Market Breakdown & Data Triangulation
           2.5.4 Assumptions
                    2.5.4.1 Average Number of Tires Employed Per Vehicle, By Vehicle Type
                    2.5.4.2 Average Number of Tires Replaced in A Single Service Cycle, By Vehicle Type

3 Executive Summary (Page No. - 40)
    3.1 Tires Market for OE & Replacement, By Region (USD Million)
    3.2 Tires Market for OE & Replacement, By Vehicle Type (USD Million)
    3.3 Tires Market for OE & Replacement, By Rim Size (USD Million)
    3.4 Tires Market for OE — Growth Trends
    3.5 Tires Replacement Market, By Aspect Ratio (USD Million)
    3.6 Tires Replacement Market, By Section Width (USD Million)
    3.7 Tire Retreading Market, By Vehicle Type (USD Million)
    3.8 Off-Highway Tires OE Market, By Application (USD Million)

4 Premium Insights (Page No. - 49)
    4.1 Attractive Market Opportunities in Tires OE Market
    4.2 Tires Market Share for OE, By Vehicle Type & Region (USD Billion)
    4.3 Tires Market for OE, By Rim Size (USD Billion)
    4.4 Tire Replacement Market, By Region (USD Billion)
    4.5 Tire Replacement Market, By Vehicle Type & Aspect Ratio (USD Billion)
    4.6 Tire Replacement Market, By Rim Size (USD Billion)
    4.7 Tire Replacement Market, By Section Width (USD Billion)
    4.8 Tire Retreading Market, By Region (USD Billion)
    4.9 Off-Highway Tires OE Market, By Application (USD Million)

5 Market Overview (Page No. - 56)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Average Life of Vehicles and Average Annual Miles Travelled By Light Duty Vehicles
                    5.2.1.2 Focus on Decreasing Rolling Resistance for Better Fuel Economy
                    5.2.1.3 Increase in Demand for High Performance & Low Profile Tires
                    5.2.1.4 Increasing Global Sales of Construction & Mining Equipment’s
           5.2.2 Restraints
                    5.2.2.1 Unorganized/Independent Replacement Market With Major Hold of Chinese Tire Suppliers
                               5.2.2.1.1 Economic Cost of Chinese Tires: Responsible Factors
                    5.2.2.2 Fluctuating Raw Material Prices
           5.2.3 Opportunities
                    5.2.3.1 Demand for Eco-Friendly Tires Owing to Stringent Regulations
                    5.2.3.2 Tire Retreading for Light Duty Vehicles
           5.2.4 Challenges
                    5.2.4.1 Increasing Number of Mandatory Tests to Be Performed Before Commercial Use of Tires
    5.3 Tire Rating/Labelling and Inflation Programs
           5.3.1 Tire Standards
           5.3.2 Tire Labelling/Rating
           5.3.3 Tire Inflation Programs
    5.4 Porter’s Five Forces Analysis
           5.4.1 Tires Market
                    5.4.1.1 Competitive Rivalry
                    5.4.1.2 Threat of New Entrants
                    5.4.1.3 Threat of Substitutes
                    5.4.1.4 Bargaining Power of Suppliers
                    5.4.1.5 Bargaining Power of Buyers
    5.5 Future Technologies
           5.5.1 ‘Contisilent’ By Continental Ag
           5.5.2 Noise Cancelling System By Pirelli
           5.5.3 “Soundcomfort” Technology By Goodyear
           5.5.4 Self-Sealing Technology
           5.5.5 Smart Tires (Bho3 and Triple Tube)
           5.5.6 Spherical Tires for Autonomous Cars
           5.5.7 Self-Inflating Tires
           5.5.8 Michelin’s Infini-Coil Technology
           5.5.9 Tweel Airless Tire (Radical New Wheel Technology)
           5.5.10 Mobile Tire Pressure App

6 Tires Replacement Market, By Section Width, Vehicle Type & Region (Page No. - 77)
    6.1 Introduction
    6.2 Tires Replacement Market, By Section Width
    6.3 Tires Replacement Market for Section Width <200 mm, By Region & Vehicle Type
    6.4 Tires Replacement Market for Section Width 200-230 mm, By Region & Vehicle Type
    6.5 Tires Replacement Market for Section Width >230 mm, By Region & Vehicle Type

7 Tires Replacement Market, By Aspect Ratio, Vehicle Type & Region (Page No. - 85)
    7.1 Introduction
    7.2 Tires Replacement Market, By Aspect Ratio
    7.3 Tires Replacement Market for Aspect Ratio 35-55, By Region & Vehicle Type
    7.4 Tires Replacement Market for Aspect Ratio 60-70, By Region & Vehicle Type
    7.5 Tires Replacement Market for Aspect Ratio 75-85, By Region & Vehicle Type

8 Tires Replacement Market, By Rim Size, Region & Vehicle Type (Page No. - 94)
    8.1 Introduction
    8.2 Tires Replacement Market, By Rim Size
           8.2.1 13”-15” Rim Size Tires Replacement Market, By Region & Vehicle Type
           8.2.2 16”-18” Rim Size Tires Replacement Market, By Region & Vehicle Type
           8.2.3 19”–21” Rim Size Tires Replacement Market, By Region & Vehicle Type
           8.2.4 22”–26” Rim Size Tire Replacement Market, By Region & Vehicle Type

9 Tires Replacement Market, By Region & Vehicle Type (Page No. - 105)
    9.1 Introduction
    9.2 Tires Replacement Market , By Region & Vehicle Type
           9.2.1 Passenger Car Tires Replacement Market , By Region
           9.2.2 Light Commercial Vehicle (LCV) Tires Replacement Market, By Region
           9.2.3 Heavy Commercial Vehicle (HCV) Tires Replacement Market, By Region

10 Tires Retreading Market, By Region & Vehicle Type (Page No. - 112)
     10.1 Introduction
     10.2 Tires Retreading Market , By Region & Vehicle Type
             10.2.1 Passenger Car Tires Retreading Market , By Region
             10.2.2 Light Commercial Vehicle (LCV) Tires Retreading Market, By Region
             10.2.3 Heavy Commercial Vehicle (HCV) Tires Retreading Market, By Region

11 Off-Highway Tires OE Market, By Region & Application (Page No. - 119)
     11.1 Introduction
     11.2 Off-Highway Tires OE Market , By Application
             11.2.1 Construction Equipment Tires OE Market, By Region
             11.2.2 Agricultural Tractors Tires OE Market, By Region

12 Tires Market for OE, By Country, Vehicle Type and Rim Size (Page No. - 124)
     12.1 Introduction
     12.2 Asia-Oceania : Tires Market for OE, By Vehicle Type & Rim Size
             12.2.1 China: Tires Market for OE, By Vehicle Type & Rim Size
             12.2.2 Japan: Tires Market for OE, By Vehicle Type & Rim Size
             12.2.3 South Korea: Tires Market for OE, By Vehicle Type & Rim Size
             12.2.4 India: Tires Market for OE, By Vehicle Type & Rim Size
             12.2.5 Rest of Asia-Oceania: Tires Market for OE, By Vehicle Type & Rim Size
     12.3 Europe : Tires Market for OE, By Vehicle Type & Rim Size
             12.3.1 Germany: Tires Market for OE, By Vehicle Type & Rim Size
             12.3.2 France: Tires Market for OE, By Vehicle Type & Rim Size
             12.3.3 U.K.: Tires Market for OE, By Vehicle Type & Rim Size
             12.3.4 Sweden: Tires Market for OE, By Vehicle Type & Rim Size
             12.3.5 Turkey: Tires Market for OE, By Vehicle Type & Rim Size
             12.3.6 Rest of Europe: Tires Market for OE, By Vehicle Type & Rim Size
     12.4 North America : Tires Market for OE, By Vehicle Type & Rim Size
             12.4.1 U.S.: Tires Market for OE, By Vehicle Type & Rim Size
             12.4.2 Mexico: Tires Market for OE, By Vehicle Type & Rim Size
             12.4.3 Canada: Tires Market for OE, By Vehicle Type & Rim Size
     12.5 Rest of the World: Tires Market for OE, By Vehicle Type & Rim Size
             12.5.1 Brazil: Tires Market for OE, By Vehicle Type & Rim Size
             12.5.2 Russia: Tires Market for OE, By Vehicle Type & Rim Size
             12.5.3 RoW Others: Tires Market for OE, By Vehicle Type & Rim Size

13 Competitive Landscape (Page No. - 180)
     13.1 Market Share Analysis - Tires Market for Automotive OE
     13.2 Competitive Situation & Trends
             13.2.1 Battle for Market Share
     13.3 Supply Contracts/Partnerships/Joint Ventures
     13.4 New Product Development
     13.5 Expansions
     13.6 Mergers & Acquisitions

14 Company Profiles (Page No. - 190)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     14.1 Introduction
     14.2 Bridgestone Corporation
     14.3 Continental AG
     14.4 The Goodyear Tire & Rubber Company
     14.5 Michelin
     14.6 Pirelli & C. S.P.A
     14.7 Sumitomo Rubber Industries, Ltd.
     14.8 Hankook Tire
     14.9 Yokohama Rubber Co. Ltd.
     14.10 Cooper Tire & Rubber Company
     14.11 Toyo Tire & Rubber Co. Ltd.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

15 Key Innovators (Page No. - 220)
     15.1 Introduction
     15.2 Coda Development
             15.2.1 Company Overview
             15.2.2 Key Innovation
             15.2.3 Impact of Innovation on Tire Industry
     15.3 Kumho Tire
             15.3.1 Company Overview
             15.3.2 Key Innovation
             15.3.3 Impact of Innovation on Tire Industry
     15.4 Nokian Tyres PLC
             15.4.1 Company Overview
             15.4.2 Key Innovation
             15.4.3 Impact of Innovation on Tire Industry

16 Appendix (Page No. - 223)
     16.1 Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Additional Developments
     16.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.5 Available Customizations
             16.5.1 Automotive Tires OE Market, By Type, Vehicle Type and By Country
                        16.5.1.1 Radial
                        16.5.1.2 Bias
             16.5.2 Automotive Tires OE Market, By Tube Type and Vehicle Type
                        16.5.2.1 Tube
                        16.5.2.2 Tubeless
             16.5.3 Automotive Tire OE Market, By Material Type & Region
                        16.5.3.1 Polymers
                        16.5.3.2 Fillers
                        16.5.3.3 Softeners
                        16.5.3.4 Curatives
                        16.5.3.5 Others
             16.5.4 Automotive Tire OE Market, By Season & Region
                        16.5.4.1 Summer
                        16.5.4.2 Winter
                                     16.5.4.2.1 Studded
                                     16.5.4.2.2 Non-Studded
                        16.5.4.3 All Season
             16.5.5 Off Highway Tire OE Market, By Vehicle Type, Rim Size & Region
                        16.5.5.1 Construction
                                     16.5.5.1.1 Rim Diameter (24 to 32 Inch)
                                     16.5.5.1.2 Rim Diameter (34 to 54 Inch)
                        16.5.5.2 Agricultural Tractors
                                     16.5.5.2.1 Rim Diameter (24 to 35 Inch)
                                     16.5.5.2.2 Rim Diameter (39 to 57 Inch)
             16.5.6 Global Retreading Market, By Retread Process (Commercial Vehicles)
                        16.5.6.1 Mold Cure
                        16.5.6.2 Pre-Cure
             16.5.7 Automotive Tires Who Supplies Whom Data
                        16.5.7.1 Americas
                        16.5.7.2 Europe
                        16.5.7.3 Asean Countries
                        16.5.7.4 India, China, Japan
     16.6 Related Reports
     16.7 Author Details


List of Tables (120 Tables)

Table 1 Rate Change of Rolling Resistance Coefficient (Rrc) From 2012 to 2015
Table 2 High Performance Passenger Car and Light Truck Tires Market Volume (Million Units)
Table 3 Tire Retail Sales in the U.S. From 2012 to 2016
Table 4 Tire Manufacturers Focus Towards Eco-Friendly Materials
Table 5 Key Regions Or Countries With Their Tire Rating/Labelling and Inflation Programs
Table 6 Tire Standards By European Union
Table 7 Tire Labelling Grades for European Union and Japan
Table 8 Porter’s Five Forces Analysis
Table 9 Tires Replacement Market, By Section Width , 2014–2021 (Million Units)
Table 10 Tires Replacement Market , By Section Width, 2014–2021 (USD Million)
Table 11 Tires Replacement Market for Section Width <200 mm, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 12 Tires Replacement Market for Section Width <200 mm, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 13 Tires Replacement Market for Section Width 200-230 mm, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 14 Tires Replacement Market for Section Width 200-230 mm, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 15 Tires Replacement Market for Section Width >230 mm, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 16 Tires Replacement Market for Section Width >230 mm , By Region & Vehicle Type, 2014–2021 (USD Million)
Table 17 Tires Replacement Market, By Aspect Ratio , 2014–2021 (Million Units)
Table 18 Tires Replacement Market , By Aspect Ratio, 2014–2021 (USD Million)
Table 19 Tires Replacement Market for Aspect Ratio 35-55, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 20 Tires Replacement Market for Aspect Ratio 35-55, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 21 Tires Replacement Market for Aspect Ratio 60-70, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 22 Tires Replacement Market for Aspect Ratio 60-70, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 23 Tires Replacement Market for Aspect Ratio 75-85, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 24 Tires Replacement Market for Aspect Ratio 75-85, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 25 Tires Replacement Market, By Rim Size, 2014–2021 (Million Units)
Table 26 Tires Replacement Market, By Rim Size, 2014–2021 (USD Million)
Table 27 13”-15” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 28 13”-15” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 29 16”-18” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 30 16”-18” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 31 19”–21” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 32 19”–21” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 33 22”–26” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (Million Units)
Table 34 22”–26” Rim Size Tires Replacement Market, By Region & Vehicle Type, 2014–2021 (USD Million)
Table 35 Automotive Tires Replacement Market , By Region, 2014–2021 (Million Units)
Table 36 Tires Replacement Market, By Region, 2014–2021 (USD Billion)
Table 37 Tires Replacement Market, By Vehicle Type, 2014–2021 (Million Units)
Table 38 Tires Replacement Market, By Vehicle Type, 2014–2021 (USD Billion)
Table 39 Passenger Car Tires Replacement Market, By Region, 2014–2021 (Million Units)
Table 40 Passenger Car Tires Replacement Market, By Region, 2014–2021 (USD Billion)
Table 41 Light Commercial Vehicle (LCV) Tires Replacement Market, By Region, 2014–2021 (Million Units)
Table 42 Light Commercial Vehicle (LCV) Tires Replacement Market, By Region, 2014–2021 (USD Billion)
Table 43 Heavy Commercial Vehicle (HCV) Tires Replacement Market, By Region, 2014–2021 (Million Units)
Table 44 Heavy Commercial Vehicle (HCV) Tires Replacement Market, By Region, 2014–2021 (USD Billion)
Table 45 Tires Retreading Market , By Region, 2014–2021 (Million Units)
Table 46 Tires Retreading Market, By Region, 2014–2021 (USD Billion)
Table 47 Tires Retreading Market, By Vehicle Type, 2014–2021 (Million Units)
Table 48 Tires Retreading Market, By Vehicle Type, 2014–2021 (USD Million)
Table 49 Passenger Car Tires Retreading Market, By Region, 2014–2021 (Million Units)
Table 50 Passenger Car Tires Retreading Market, By Region, 2014–2021 (USD Million)
Table 51 Light Commercial Vehicle (LCV) Tires Retreading Market, By Region, 2014–2021 (Million Units)
Table 52 Light Commercial Vehicle (LCV) Tires Retreading Market, By Region, 2014–2021 (USD Million)
Table 53 Heavy Commercial Vehicle (HCV) Tires Retreading Market, By Region, 2014–2021 (Million Units)
Table 54 Heavy Commercial Vehicle (HCV) Tires Retreading Market, By Region, 2014–2021 (USD Million)
Table 55 Off-Highway Tires OE Market , By Application, 2014–2021 (‘000 Units)
Table 56 Off-Highway Tires OE Market, By Application, 2014–2021 (USD Million)
Table 57 Construction Equipment Tires OE Market, By Region, 2014–2021 (‘000 Units)
Table 58 Construction Equipment Tires OE Market, By Region, 2014–2021 (USD Million)
Table 59 Agricultural Tractors Tires OE Market, By Region, 2014–2021 (‘000 Units)
Table 60 Agricultural Tractors Tires OE Market, By Region, 2014–2021 (USD Million)
Table 61 Tires Market for OE, By Region, 2014–2021 (‘000 Units)
Table 62 Tires Market for OE, By Region, 2014–2021 (USD Million)
Table 63 Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 64 Tires Market for OE , By Vehicle Type & Rim Size, 2014–2021(USD Million)
Table 65 Asia-Oceania: Tires Market for OE, By Country, 2014–2021 (‘000 Units)
Table 66 Asia-Oceania: Tires Market for OE, By Country, 2014–2021 (USD Million)
Table 67 Asia-Oceania: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 68 Asia-Oceania: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 69 China: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 70 China: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 71 Japan: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 72 Japan: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 73 South Korea: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 74 South Korea: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 75 India: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 76 India: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 77 Rest of Asia-Oceania: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 78 Rest of Asia-Oceania: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 79 Europe: Tires Market for OE, By Country, 2014–2021 (‘000 Units)
Table 80 Europe: Tires Market for OE, By Country, 2014–2021 (USD Million)
Table 81 Europe: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 82 Europe: Tires Market for OE, By Vehicle Type and Rim Size, 2014–2021 (USD Million)
Table 83 Germany: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 84 Germany: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 85 France: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 86 France: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 87 U.K.: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 88 U.K.: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 89 Sweden: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 90 Sweden: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 91 Turkey: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 92 Turkey: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 93 Rest of Europe: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 94 Rest of Europe: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 95 North America: Tires Market for OE, By Country, 2014–2021 (‘000 Units)
Table 96 North America: Tires Market for OE , By Country, 2014–2021 (USD Million)
Table 97 North America: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 98 North America: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 99 U.S.: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 100 U.S.: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 101 Mexico: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 102 Mexico: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 103 Canada: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 104 Canada: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 105 Rest of the World: Tires Market for OE, By Country, 2014–2021 (‘000 Units)
Table 106 Rest of the World: Tires Market for OE, By Country, 2014–2021 (USD Million)
Table 107 Rest of the World: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 108 Rest of the World: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 109 Brazil: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 110 Brazil: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 111 Russia: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 112 Russia: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 113 RoW Others: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (‘000 Units)
Table 114 RoW Others: Tires Market for OE, By Vehicle Type & Rim Size, 2014–2021 (USD Million)
Table 115 Supply Contracts, 2016
Table 116 New Product Development, 2016–2017
Table 117 Expansions, 2016–2017
Table 118 Mergers & Acquisitions, 2012–2016
Table 119 Key Innovators, Innovations and Impact on Tire Industry
Table 120 Additional Developments


List of Figures (71 Figures)

Figure 1 Tires Market for OE and Replacement - Market Segmentation
Figure 2 Tires Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Passenger Cars and Commercial Vehicle Parc, 2013-2014 (‘000 Units)
Figure 6 Road Network vs Passenger Car Sales
Figure 7 Fluctuating Oil Prices Impacting Price of Styrene and Butadiene Raw Materials
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach (Automotive Tires OE Market)
Figure 9 Market Size Estimation Methodology: Top-Down Approach (Automotive Tires Replacement Market for Rim Size, Aspect Ratio & Section Width)
Figure 10 Data Triangulation
Figure 11 Asia-Oceania Region Expected to Dominate the Tires OE & Replacement Market, 2016–2021 (USD Million)
Figure 12 Passenger Car Segment Estimated to Be the Largest Market for Tires OE and Replacement, 2016–2021 (USD Million)
Figure 13 16”-18” Rim Size Tires are Estimated to Lead With the Largest Share in the Tires OE Market, 2016–2021 (USD Million)
Figure 14 China Projected to Be the Fastest Growing Market During the Forecast Period, 2016–2021 (USD Million)
Figure 15 Tires With Aspect Ratio >70 Expected to Lead With the Largest Market Size, 2016–2021 (USD Million)
Figure 16 Tires With Aspect Ratio >230 mm Section Width Expected to Lead With the Largest Market Size , 2016–2021 (USD Million)
Figure 17 HCV Vehicle Segment to Hold the Largest Market Share in the Tire Retreading Market During the Forecast Period(USD Million)
Figure 18 Construction Equipment Segment Expected to Hold the Largest Market Size During the Forecast Period(USD Million)
Figure 19 Growing Automotive Production Across the Globe to Drive the Tires OE Market
Figure 20 Passenger Cars to Hold the Largest Share in Tire OE Market
Figure 21 16”-18” Rim Size Tires is Projected to Lead the Tires Market
Figure 22 North America to Register the Highest Growth During Forecast Period
Figure 23 Increasing Average Age of Vehicle and Miles Travelled to Drive the Replacement Market for Tires During the Forecast Period
Figure 24 Tires With Rim Size 13” – 15” Led the Replacement Market in 2016
Figure 25 Tires With Section Width >230 Led the Replacement Market in 2016
Figure 26 North America Led the Market for Tire Retreading in 2016
Figure 27 Construction Equipment Tires Led the Market for Off-Highway Tires Market in 2016
Figure 28 Tires for OE and Replacement Market: Market Dynamics
Figure 29 EU Passenger Car Fleet Average Age (Years)
Figure 30 Construction Equipment Market Volume, By Region, 2015–2021 (‘000 Units)
Figure 31 Mining Equipment Market Value ,By Region, 2015–2021 (USD Billion)
Figure 32 Natural Rubber Pricing Variations vs Oil Prices, 2005–2015
Figure 33 Porter’s Five Forces Analysis: Tires Market
Figure 34 Intensity of Competitive Rivalry in the Automotive Tires Market is Considered Medium
Figure 35 High Exit Barrier in the Market Leads to A Medium Degree of Competition in the Tires Market
Figure 36 Presence of Established Players Makes the Threat of New Entrants Medium
Figure 37 Import of Chinese Tires Makes the Threat of Substitutes Medium
Figure 38 Wide Customer Base Makes the Bargaining Power of Suppliers Low
Figure 39 Small Number of Quality Suppliers Makes the Bargaining Power of Buyers Medium
Figure 40 Tire Section Width <200 mm Replacement Market is Leading With the Largest Market Size , 2016–2021 (Million Units)
Figure 41 Tire Aspect Ratio 75-85 Replacement Market is Leading With Largest Market Size, 2016–2021 (USD Million)
Figure 42 13”-15” Rim Size Tires is Dominating With the Largest Market Size, 2016–2021 (Million Units)
Figure 43 Asia-Oceania to Be the Largest Replacement Market for Tires, 2016–2021 (Million Units)
Figure 44 North America to Be the Largest Retreading Market for Automotive Tires, 2016–2021 (Million Units)
Figure 45 Agricultural Tractors to Hold the Larger Market for Off-Highway Tires, 2016–2021 (‘000 Units)
Figure 46 Tires OE Market Outlook, By Country, 2016–2021
Figure 47 Asia-Oceania: Tires Market for OE Snapshot
Figure 48 Europe: Germany is Leading With the Largest Tires Market for OE, 2016–2021 (USD Million)
Figure 49 North America: Tires Market for OE Snapshot
Figure 50 Companies Adopted Supply Contracts/Partnerships/Joint Ventures as the Key Growth Strategy Over the Past Few Years
Figure 51 Tires Market for Automotive OE – Global Market Share Analysis , 2016
Figure 52 Tires Market for Automotive OE - North America Market Share Analysis , 2016
Figure 53 Automotive Tire Replacement Market – U.S. Market Share Analysis, 2016
Figure 54 Agricultural Tractors Tires OE Market– U.S. Market Share Analysis, 2016
Figure 55 Market Evolution Framework - Significant Supply Contracts/Partnerships/Joint Ventures Boosted Growth From 2012 to 2017
Figure 56 Battle for Market Share: Supply Contracts/Partnerships/Joint Ventures is the Key Strategy
Figure 57 Bridgestone Corporation: Company Snapshot
Figure 58 Bridgestone Corporation: SWOT Analysis
Figure 59 Continental AG: Company Snapshot
Figure 60 Continental AG: SWOT Analysis
Figure 61 The Goodyear Tire & Rubber Company: Company Snapshot
Figure 62 The Goodyear Tire & Rubber Company : SWOT Analysis
Figure 63 Michelin: Company Snapshot
Figure 64 Michelin: SWOT Analysis
Figure 65 Pirelli & C. S.P.A: Company Snapshot
Figure 66 Pirelli & C. S.P.A : SWOT Analysis
Figure 67 Sumitomo Rubber Industries, Ltd.: Company Snapshot
Figure 68 Hankook Tire : Company Snapshot
Figure 69 Yokohama Rubber Co. Ltd.: Company Snapshot
Figure 70 Cooper Tire & Rubber Company: Company Snapshot
Figure 71 Toyo Tires & Rubber Co. Ltd.: Company Snapshot

The tires market for Original Equipment (OE) is projected to grow at a CAGR of 5.48% during the forecast period, and is projected to reach USD 30.26 Billion by 2021. The key factors driving the tires OE market are stringent fuel economy norms leading to the demand for low rolling resistance tires, demand for high performance tires with aspect ratio <60 in passenger cars and rim size above 19 inches, and other factors.

The 13”-15” rim size segment is the largest segment in the tires replacement market, in terms of value. This rim size is usually used in passenger cars with GVWR <3.0 tons. Passenger cars, which fall in the hatchbacks and compact sedan segment, are equipped with these rim sized tires. For instance, models such as Hyundai Avante, Volkswagen Polo, Volkswagen Rapid, Hyundai Accent, and others are equipped with 13”-15” rim size tires. These passenger car types are leading in terms of sales in Asian countries as well as other parts of the globe. Hence, the demand for 13”-15” rim size tires is the highest. For instance, the top selling passenger cars in China are Hyundai Avante, Nissan Bluebird, Toyota Corolla, Ford Escort, and VW Santana among others, and they are equipped with 13”-15” rim size tires. Similarly, in India, the top selling passenger cars – Maruti Suzuki Swift, Swift Dzire, Hyundai Grand i10, Maruti Suzuki WagonR, and Hyundai i20 among others are equipped with these tire sizes. Hence, the increasing number of hatchbacks and compact sedans on road is driving the aftermarket for 13”-15” rim size tires.

Light Commercial Vehicle (LCV) segment is the fastest growing market in tires retreading globally. Retreaded tires give the same mileage as compared to new replacement tires, at 30%-50% less cost, and are supplied with same warranties as that of new tires. For light commercial vehicle, the manufacturing of a single tire consumes, on an average, 26.4 liters of oil. However, retreading of the same tire consumes only 9 liters of oil, which is almost 34% of the new manufacturing process. On the other hand, according to Retread Tire Association, for pickup trucks, new set of four tires cost almost double to that of retreaded tires. A few of the leading tire manufacturers have entered the tire retreading business. For instance, the Goodyear Tire and Rubber Company (U.S.) has more than 1,700 tire retreading and service centers around the globe for commercial trucks. Hence, to cut down the cost, the trend of tire retreading in LCV is increasing gradually.

Tire sizes with 75-85 aspect ratio is the largest market in the tires replacement market. This aspect ratio has the maximum penetration in the heavy trucks, trailers and buses segment. In heavy trucks and trailers, tires with higher aspect ratio give better protection to the cargo and in buses, these tires offer a more comfortable ride and protection from road potholes. Around the globe, almost ~90% of heavy commercial vehicles are equipped with 75-85 aspect ratio tires.  The replacement cost of these tires is also high, as compared to that of 35-55 and 60-70 aspect ratio tire sizes. Hence, with growing demand for trucks & trailers in the next few years, the tires aftermarket is projected to have the largest share of 70-85 aspect ratio tires.

Asia-Oceania is estimated to be the fastest growing market in the tires market for original equipment (OE). Asia-Oceania has emerged as a hub for automotive production, owing to changing consumer preferences, increasing disposable income of the middle class population, and cost advantages for OEMs. Manufacturers such as BMW AG (Germany) and Volkswagen Group (Germany) have already set up manufacturing units in these countries. Factors such as low production costs, availability of economical labor, lenient emission and safety norms, and government initiatives for FDIs, have led to the region witnessing higher growth than the matured markets of Europe and North America. Additionally, Asia-Oceania is a hub of major tire manufacturers such as Bridgestone Corporation (Japan), Kumho Tire Co. (South Korea), Toyo Tire & Rubber Co., Ltd. (Japan), The Yokohama Rubber Co., Ltd. (Japan), Sumitomo Rubber Industries Ltd. (Japan), Hankook Tires (South Korea) and other Tier-1 suppliers. Thus, the market for tires is the largest in the Asia-Oceania region.

Automotive Tire Market

Stringent End-OF-Life Vehicle (ELV) regulations, which lead to scrapping of a vehicle at a defined age, are a key factor restraining the growth of the tires replacement market. For instance, SIAM (Society of Automobile Manufacturers) proposed that vehicles above 15 years age should get scrapped and owners will get incentive for scrapping their vehicle. These regulations will help to decrease the number of old polluting vehicles on the road and will benefit the environment. However, this would also impact the tires replacement market. The tires market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Continental AG (Germany), The Goodyear Tire & Rubber Company (U.S.), and Bridgestone Corporation (Japan).

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