Tires Market, Global Outlook and Forecast 2023-2030

The global Tires market was valued at US$ 23470 million in 2022 and is projected to reach US$ 28810 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Tiresr market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

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The China market for Global Tires market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Tires market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Tire is in a variety of vehicles or machinery assembled on the ground rolling ring elastic rubber products. Usually mounted on metal rims, it can support the body, cushion the external impact, achieve contact with the road and ensure the vehicle performance. Tires are often used under complex and harsh conditions. They bear various deformation, load, force and high and low temperature when driving, so they must have higher bearing capacity, traction capacity and buffer capacity. At the same time, it also requires high wear resistance and flexural resistance, as well as low rolling resistance and thermogenesis. Half of the world's rubber consumption in tire production, tire consumption capacity can be seen.

This report aims to provide a comprehensive presentation of the global market for Tires, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tires. This report contains market size and forecasts of Tires in global, including the following market information:

Global Tires Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global Tires Market Sales, 2018-2023, 2024-2030, (K Units)

Global top five Tires companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

Radial Tires Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of Tires include Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook and Cooper, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the Tires manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Tires Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Tires Market Segment Percentages, by Type, 2022 (%)

• Radial Tires

• Bias Tires

Global Tires Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Tires Market Segment Percentages, by Application, 2022 (%)

• Limousine

• Truck

• Motocycle

• Airplane

• Others

Global Tires Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Tires Market Segment Percentages, By Region and Country, 2022 (%)

• North America (United States, Canada, Mexico)

• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

• The Middle East and Africa (Middle East, Africa)

• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Tires revenues in global market, 2018-2023 (Estimated), ($ millions)

• Key companies Tires revenues share in global market, 2022 (%)

• Key companies Tires sales in global market, 2018-2023 (Estimated), (K Units)

• Key companies Tires sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Michelin

• Bridgestone

• Goodyear

• Continental

• Sumitomo Rubber Group

• Pirelli

• Yokohama Rubber

• Hankook

• Cooper

• Kumho Tire

• Toyo Tire &Rubber

• Apollo Tyres

• MRF

• NOKIAN

• Cheng Shin Tire

• Hangzhou Zhongce Rubber

• Triangle Tire

• Linglong Tire

• Aeolus Tire

• Shanghai Huayi Group Corporation Limited (Originally Double Coin)

• Jiangsu General Science Technology Co, Ltd.

• Guizhou Tire

• Qingdao Double Star

• Xingyuan

• Sailun Jinyu Group Co, Ltd

• Giti Tire

• Shengtai Group

• Prinx Chengshan (Shandong) Tire Co, Ltd

Outline of Major Chapters:

Chapter 1: Introduces the definition of Tires, market overview.

Chapter 2: Global Tires market size in revenue and volume.

Chapter 3: Detailed analysis of Tires manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Tires in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Tires capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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