Global Passenger Vehicle Tire Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

All season, Summer and Winter

By End-User;

OEMs and Replacement.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn470407161 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Passenger Vehicle Tire Market (USD Million), 2020 - 2030

In the year 2023, the Global Passenger Vehicle Tire Market was valued at USD 1,543.61 million. The size of this market is expected to increase to USD 1,898.44 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global passenger vehicle tire market is a dynamic landscape influenced by various factors such as technological advancements, consumer preferences, and economic conditions. With the automotive industry witnessing steady growth, particularly in emerging economies, the demand for passenger vehicle tires continues to rise. Factors such as increasing vehicle sales, rising disposable income, and a growing emphasis on vehicle safety and performance contribute to the expansion of this market.

With the advent of electric vehicles (EVs) and the growing awareness regarding environmental sustainability, there's a notable shift towards eco-friendly tire options, further driving innovation in the sector. Additionally, the emergence of trends like ride-sharing and autonomous vehicles presents new challenges and opportunities for tire manufacturers to develop products that cater to the evolving needs of the automotive market. Overall, the global passenger vehicle tire market remains robust, characterized by intense competition, technological advancements, and a focus on meeting the demands of both traditional and emerging automotive segments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Passenger Vehicle Tire Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Connectivity Solutions
        2. Rising Demand for Advanced Safety and Security Features
        3. Government Regulations and Policies Promoting Telematics Adoption
        4. Growing Trend of Vehicle Electrification and Autonomous Vehicles
      2. Restraints
        1. High Installation and Maintenance Costs
        2. Privacy and Security Concerns
        3. Regulatory and Legal Challenges
        4. Lack of Standardization
      3. Opportunities
        1. Integration of Advanced Driver Assistance Systems (ADAS)
        2. Rise in Connected Vehicle Technologies
        3. Growth of Electric Vehicles and Telematics
        4. Expansion of 5G Networks
    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 Passenger Vehicle Tire Market, By Type, 2020 - 2030 (USD Million)
      1. Non-retractable
      2. Retractable.
    2. Global Passenger Vehicle Tire Market, By End-User, 2020 - 2030 (USD Million)
      1. Passenger Car
      2. Light Commercial Vehicle
      3. Heavy Commercial Vehicle
    3. Global Passenger Vehicle Tire 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. Automatic Manufacturing Co.
      2. Bosal Nederland BV
      3. Brink Group BV
      4. Camex Automotive
      5. David Murphy Towing
      6. Horizon Global Corp.
      7. LCI Industries
      8. PCT Automotive Ltd.
      9. ROADMASTER Inc.
      10. TriMas Corp
  7. Analyst Views
  8. Future Outlook of the Market