Winter Tire Market: accounted for USD 23.77 billion in 2022 and is expected to reach USD 35.65 billion by 2029 at a CAGR of 5.96 % during the forecast period.

Winter Tire Market Report Overview

The report provides a comprehensive analysis of the current and future market scenario for the Winter Tire market. It provides insights and updates on the key sectors, including demand across the world, product manufacturing, income generation, and sales and revenue. The report also provides two scenarios for a complete analysis of the market, including Winter Tire sales in the forecast period. The first scenario is based on the assumption that the Winter Tire market will continue to grow at its current rate. The second scenario is based on the assumption that the market will experience some disruption, such as a change in regulations or a new product entering the Winter Tire industry. The report also includes a detailed analysis of the competitive landscape, including the key players, their strategies, and their strengths and weaknesses. This analysis will help businesses to identify opportunities and threats in the market and to develop strategies to succeed.

Winter Tire Market Report Scope and Research Methodology

The Winter Tire market report provides a comprehensive analysis of the market, including recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths and regional growth.

The report also includes a PESTLE analysis, which identifies the micro and macro-level factors that are influencing the market. A SWOT analysis is also included, which identifies the strengths and weaknesses of the market. The report also focuses on the global key players in the market, including market leaders, followers, and new entrants.

Winter Tire Market Regional Insights

The research covers a detailed analysis of the market size and dynamics in North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC, South America, Brazil,  Middle East and Africa.

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Winter Tire Market Segmentation

Studded tires are well-liked among tire types because they include metal studs embedded in the treads that increase traction. The worst ice driving conditions may be handled by these tires. To improve traction, studded tires aid in breaking through ice and snow-covered roadways. As a consequence, it is anticipated that the market for studded winter tires will expand at a CAGR of 3.9% over the forecast period. In 2022, the Studless market category accounted for over 43% of the whole market. The surge in studless tire demand around the globe is mostly to blame for this. In a number of European and North American countries, studded tires are forbidden. Additionally, it is anticipated that a boom in the sales of luxury and premium vehicles would guarantee the Studless segment's domination.

 

 

Winter Tire Market Size and Forecast, by Tire Type (2022-2029)
. Studded
. Studless
Winter Tire Market Size and Forecast, by Sales Channel (2022-2029)
. OEM
. After Market
Winter Tire Market Size and Forecast, by Vehicle type (2022-2029)
. Passenger Cars
. Light Motor Vehicles
. Heavy Motor Vehicles
Winter Tire Market Size and Forecast, by Rim Size (2022-2029)
. 12’’-17’’
. 18’’-21’’
. >22''

Winter Tire Market Key Players

  • 1. Bridgestone Corporation (Japan)
    2. Sumitomo Rubber Industries, Ltd. (Japan)
    3. Toyo Tire & Rubber Co., Ltd. (Japan)
    4. Apollo Tyres Limited (India)
    5. Jk Tyres (India)
    6. MRF Ltd (India)
    7. Zhongce Rubber Group Co., Ltd. (China)
    8. Linglong Tire (China)
    9. CST Tires (China)
    10. Triangle Group (China)
    11. Nexen Tire Corporation (South Korea)
    12. Hankook Tire (South Korea)
    13. Kumho Tire (South Korea)
    14. Giti Tire (Singapore)
    15. Nankang Rubber Tire (Taiwan)
    16. Maxxis Tires (Taiwan)
    17. Continental AG (Germany)
    18. Pirelli & C.S.p.A. (Italy)
    19. CEAT (Italy)
    20. MICHELIN (France)
    21. Nokian Tyres plc (US)
    22. Yokohama Tire Corporation (US)
    23. The Goodyear Tire & Rubber Company (US)
    24. Cooper Tire & Rubber Company (US)
    25. Sailun Tires (Canada)

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Key questions answered in the Winter Tire Market are:

  • What is the expected Winter Tire market size by the end of the 2029?
  • What is the expected CAGR of the Winter Tire market during the forecast period?
  • What are the emerging trends in the Winter Tire Market?
  • What are the factors contributing to the final price of Winter Tire?
  • What are the major challenges that the Winter Tire Market could face in the future?
  • Who held the largest market share in the Winter Tire Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2017 to 2021)
  • Past Pricing and price curve by region (2017 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segments and their sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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