Global Automotive OE Tyres and Wheels Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Commercial Vehicles and Passenger Vehicles.

By Wheel Material;

Alloy, Carbon Fibre, Steel and Others.

By Tyre Material;

Natural Rubber and Synthetic Rubber.

By Vehicle Class;

Luxury Vehicles, Economy Vehicles and Mid-Priced Vehicles.

By Wheel Size;

13-15 inches, 16-18 inches, 19-21 inches and Greater than 21 inches.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn079379317 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive OE Tyres and Wheels Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive OE Tyres and Wheels Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global automotive OE (original equipment) tires and wheels market is a crucial segment within the automotive industry, playing a fundamental role in vehicle performance, safety, and aesthetics. As the demand for automobiles continues to rise worldwide, driven by factors such as urbanization, population growth, and increasing disposable incomes, the OE tires and wheels market experiences parallel growth. Original equipment manufacturers (OEMs) and tire/wheel suppliers collaborate closely to develop products that meet the stringent standards of safety, durability, and efficiency demanded by consumers and regulatory bodies.

One of the primary drivers of growth in this market is the continuous evolution of automotive technology. Advancements in materials science, manufacturing processes, and tire design have led to the development of tires and wheels that offer enhanced performance, fuel efficiency, and longevity. Additionally, the growing focus on sustainability and environmental consciousness has spurred innovation in eco-friendly tire materials and manufacturing techniques, further shaping the landscape of the OE tires and wheels market.

The increasing emphasis on vehicle customization and personalization among consumers has created opportunities for OE tire and wheel manufacturers to offer a wide range of options in terms of sizes, designs, and performance characteristics. This trend is particularly pronounced in the luxury and premium vehicle segments, where customers seek unique styling elements to distinguish their vehicles.

The globalization of automotive supply chains and the expansion of emerging markets present both opportunities and challenges for OE tire and wheel manufacturers. While emerging economies offer significant growth potential due to rising vehicle ownership rates, they also present challenges related to market penetration, distribution networks, and regulatory compliance. Overall, the global automotive OE tires and wheels market is poised for continued growth, driven by technological advancements, consumer preferences, and evolving market dynamics.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Wheel Material
    3. Market Snapshot, By Tyre Material
    4. Market Snapshot, By Vehicle Class
    5. Market Snapshot, By Wheel Size
    6. Market Snapshot, By Region
  4. Global Automotive OE Tyres and Wheels Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Growing vehicle production
        3. Increasing consumer disposable income
        4. Demand for fuel-efficient tires
        5. Shift towards electric vehicles
      2. Restraints
        1. Fluctuating raw material prices
        2. Stringent regulations
        3. Competition from aftermarket products
        4. Economic instability
        5. Supply chain disruptions
      3. Opportunities
        1. Expansion in emerging markets
        2. Development of sustainable tires
        3. Adoption of connected technology
        4. Customization options
        5. Growing demand for premium vehicles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive OE Tyres and Wheels Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Commercial Vehicles
      2. Passenger Vehicles
    2. Global Automotive OE Tyres and Wheels Market, By Wheel Material, 2020 - 2030 (USD Million)
      1. Alloy
      2. Carbon Fibre
      3. Steel
      4. Others
    3. Global Automotive OE Tyres and Wheels Market, By Tyre Material, 2020 - 2030 (USD Million)
      1. Natural Rubber
      2. Synthetic Rubber
    4. Global Automotive OE Tyres and Wheels Market, By Vehicle Class, 2020 - 2030 (USD Million)
      1. Luxury Vehicles
      2. Economy Vehicles
      3. Mid-Priced Vehicles
    5. Global Automotive OE Tyres and Wheels Market, By Wheel Size, 2020 - 2030 (USD Million)
      1. 13-15 inches
      2. 16-18 inches
      3. 19-21 inches
      4. Greater than 21 inches
    6. Global Automotive OE Tyres and Wheels Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bridgestone Corporation
      2. Michelin Group
      3. Continental AG
      4. Goodyear Tire & Rubber Company
      5. Pirelli & C. S.p.A
      6. Hankook Tire & Technology Group
      7. Sumitomo Rubber Industries, Ltd
      8. Yokohama Rubber Company, Ltd
      9. Toyo Tire Corporation
      10. Cooper Tire & Rubber Company
  7. Analyst Views
  8. Future Outlook of the Market