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Global Automotive Winter Tyre Market Size, Share, Forecast: By Tyre Type: Studded, Non-Studded; By Rim Size: 12 Inch to 17 Inch, 18 Inch to 21 Inch, Above 22 Inch; By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles; By Sales Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Automotive Winter Tyre Market Outlook
The global automotive winter tyre market size was approximately USD 24.3 billion in 2023. The market is further projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a value of USD 36.85 billion by 2032.
Key Trends in the Market
The dynamics between the road and the tyre’s rubber compound alters in high temperatures which affects the tyre’s grip. Automotive winter tyres are especially engineered to give flexibility and grip in temperatures even below 7 degrees Celsius and on roads covered with snow and ice (basically icy rods). The tread grooves of winter tyres are deep and broad grooves that help provide excellent grip even on cold and slippery roads.
- Automotive winter tyres feature two symbols that include M+S and a snowflake over a mountain. While the M+S symbol that represents mud and snow appear on all season tyres, including the winter tyre, the snowflake symbol is exclusive to winter tyres.
- Manufacturers are using innovative advanced materials for manufacturing all season tyres and state-of-the art tread patterns, offering lower rolling resistance that helps buyers to reduce their vehicle’s CO2 emissions. This is favouring the automotive winter tyre market demand among the eco-conscious consumers.
- Non-studded winter tyres have gained greater market share as with advances in technologies, rubber compounding, and tread designs, they are able to maintain flexibility and traction in freezing temperatures on snowy, wet, or icy surfaces.
Market Analysis
On the basis of tyre type, the market is divided into studded and non-studded. Based on rim size, the automotive winter tyre market segmentation includes 12 inch to 17 inch, 18 inch to 21 inch, and above 22 inch. The vehicle types that use winter tyres encompass passenger cars, light commercial vehicles, and heavy commercial vehicles.
The different sales channel for automotive winter tyres are OEM and aftermarket. The major regional markets for automotive winter tyres are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive winter tyre market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Continental AG
- Bridgestone Corporation
- Yokohama Rubber Co. Ltd.
- Sumitomo Rubber Industries, Ltd.
- Apollo Tyres Ltd.
- Michelin Group
- Pirelli & C. S.p.A.
- Hankook Tyre & Technology Co. Ltd.
- The Goodyear Tyre & Rubber Company
- Cooper Tyre & Rubber Company
- Others
Market Share by Vehicle Type
The rising demand for electric and hybrid passenger cars is stimulating the demand for winter tyres that are suitable for both electric and hybrid vehicles. Electric and hybrid vehicles deploy battery packs that makes them heavier than the vehicles with combustion engine. In case of a slippery or wet surface, heavier cars take longer to stop which supports a growing demand for high quality automotive winter tyres that have excellent wet grip and can function effectively on snow or ice.
Many owners of passenger cars opt for non-studded and low rolling resistance winter tyres for comfort and fuel efficiency, respectively.
Market Share by Region
The automotive winter tyre market share is led by the European region. In many European countries including Germany, Austria, Lithuania, Czech Republic, Estonia, Lativa, Iceland, Sweden, Serbia, Finland, France, Spain, and Italy, among others, winter tyres are necessary. Further, some countries also impose the condition of minimum tread depth. For instance, in Austria the minimum tread depth is required to be 4mm and the tyres must feature the M+S symbol. Croatia and Czech Republic also mandate the minimum tread depth to be 4mm. In countries like Estonia, Finland, and Norway, the minimum tread depth required is 3mm. These regulations favour the automotive winter tyre market growth in Europe.
Competitive Landscape
Continental AG is a global producer of technical rubber and plastic products and offers sustainable and connected mobility solutions. Founded in 1871 and headquartered in Hanover, Germany, the company is listed on the German stock exchanges in Frankfurt, Hamburg, Hanover, and Stuttgart.
Bridgestone Corporation offers premium tyres like passenger car tyres or truck and bus tyres, services like retail and service solutions, power assisted bicycles, and more. The company, headquartered in Japan, was found in 1931 and is listed on the Tokyo stock exchange. It has seven technology centres located across Tokyo, Yokohama, Akron, Ohio, Rome, Wuxi, and Pathum Thani.
Yokohama Rubber Co. Ltd. is a passenger car tyre manufacturing company that was established in 1917. It also offers diversified products, including high-pressure hoses, sealants and adhesives, aircraft fixtures and components, and golf equipment. The company’s production and sales expand across the Americas, Europe as well as Asia. Headquartered in Japan, the company is listed on the Tokyo stock exchange.
Other players operating in the automotive winter tyre market include Sumitomo Rubber Industries, Ltd., Apollo Tyres Ltd., Michelin Group, Pirelli & C. S.p.A., Hankook Tyre & Technology Co. Ltd., The Goodyear Tyre & Rubber Company, and Cooper Tyre & Rubber Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Tyre Type |
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| Breakup by Rim Size |
|
| Breakup by Vehicle Type |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Winter Tyre Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Winter Tyre Historical Market (2018-2023)
8.3 Global Automotive Winter Tyre Market Forecast (2024-2032)
8.4 Global Automotive Winter Tyre Market by Tyre Type
8.4.1 Studded
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-Studded
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Automotive Winter Tyre Market by Rim Size
8.5.1 12 Inch to 17 Inch
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 18 Inch to 21 Inch
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Above 22 Inch
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Automotive Winter Tyre Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Light Commercial Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Heavy Commercial Vehicles
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Winter Tyre Market by Sales Channel
8.7.1 OEM
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Aftermarket
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Automotive Winter Tyre Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Automotive Winter Tyre Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Winter Tyre Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Winter Tyre Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Winter Tyre Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Winter Tyre Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Continental AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bridgestone Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Yokohama Rubber Co. Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sumitomo Rubber Industries, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Apollo Tyres Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Michelin Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Pirelli & C. S.p.A.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Hankook Tyre & Technology Co. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 The Goodyear Tyre & Rubber Company
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Cooper Tyre & Rubber Company
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Winter Tyre Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Winter Tyre Historical Market: Breakup by Tyre Type (USD Billion), 2018-2023
3. Global Automotive Winter Tyre Market Forecast: Breakup by Tyre Type (USD Billion), 2024-2032
4. Global Automotive Winter Tyre Historical Market: Breakup by Rim Size (USD Billion), 2018-2023
5. Global Automotive Winter Tyre Market Forecast: Breakup by Rim Size (USD Billion), 2024-2032
6. Global Automotive Winter Tyre Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Automotive Winter Tyre Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Automotive Winter Tyre Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
9. Global Automotive Winter Tyre Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
10. Global Automotive Winter Tyre Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Automotive Winter Tyre Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Automotive Winter Tyre Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 24.3 billion.
The market is expected to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 36.85 billion by 2032.
The mandatory regulations for swapping summer tyres with winter tyres during colder times of the year, or to use all season tyres supports the growth of the market.
A prominent trend in the market involves the use of advanced materials to produce low rolling resistance winter tyres that offer reduced CO2 emissions.
North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa are the regional markets analysed in the global automotive winter tyre market report.
The market offers two different winter tyres which include studded and non-studded.
Different rim sizes of automotive winter tyres are 12 inch to 17 inch, 18 inch to 21 inch, and above 22 inch.
Passenger cars, light commercial vehicles, and heavy commercial vehicles use winter tyres.
The distribution channels of automotive winter tyre include OEMs and aftermarket.
The key players in the market include Continental AG, Bridgestone Corporation, Yokohama Rubber Co. Ltd., Sumitomo Rubber Industries, Ltd., Apollo Tyres Ltd., Michelin Group, Pirelli & C. S.p.A., Hankook Tyre & Technology Co. Ltd., The Goodyear Tyre & Rubber Company, and Cooper Tyre & Rubber Company, among others.
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