Automotive Tire Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The automotive tires market was valued at USD 102 billion in 2021 and is anticipated to reach USD 122 billion by 2028, at a CAGR of more than 3% during the forecast period. Car tires are round car parts made of rubber that are used to cover the rim of a wheel outside. The tire’s primary function is to protect the wheel rim and provide traction between the road surface and the vehicle. Made of rubber, it provides a flexible cushion to reduce the impact of vibration and absorb the shock of the vehicle.

Company Profile

• Continental Group
• Cooper & Rubber Company
• Hankook Co. Ltd.
• Goodyear & Rubber Company
• Michelin Group
• Pirelli
• Sumitomo Rubber Industries
• The Bridgestone Group
• Toyo & Rubber Co. Ltd.

Market Segmentation

By Season Tire Type

• Summer
• Winter 
• All Season

By Vehicle Type 

• Passenger Car
• Commercial Vehicle 
• Light commercial
• Heavy commercial
• Electric Vehicle

Scope of the Report

The research study analyzes the Automotive Tire industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Tire Market Report

1. What was the Automotive Tire Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Automotive Tire Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Automotive Tire Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.