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Brazil Automotive Tyre Market Size, Share, Trends, Forecast: By Season Type: Summer, Winter, All Season; By Rim Size: Less than 15 inch,15-20 inch, More than 20 inch; By Vehicle: Passenger Cars, Commercial Vehicles, Luxury/Premium Vehicles; By Distribution Channel: OEM, Aftermarket; Regional Analysis; Competitive Landscape; 2024-2032
Brazil Automotive Tyre Market Outlook
The Brazil automotive tyre market attained a value of nearly USD 1.99 billion in 2023. The market is projected to grow at a CAGR of 7.3% between 2024 and 2032 to reach a value of around USD 3.74 billion by 2032.
Key Trends in the Market
Automotive tyre refers to a ring-shaped component of a vehicle which provides traction on the surface on which an automobile accelerates. It is made up of a strong and flexible rubber material offering gripping as well as surface cushioning.
- The increasing sales of automobiles, fuelled by rising disposable incomes and escalating living standards, are bolstering the Brazil automotive tyre market growth.
- Favourable federal diesel tax policies introduced by the Brazilian government aimed towards increasing the affordability of passenger cars are expected to heighten the application of automotive tyres in the forecast period.
- The rising investments by key players to expand and modernise their tyre production plants amid the growing vehicle demand and the rising demand for premium tyres are some of the crucial Brazil automotive tyre market trends.
Market Analysis
Based on season type, the market is segmented into summer, winter, and all season. On the basis of rim size, the market is classified into less than 15 inch, 15-20 inch, and more than 20 inch. By vehicle, the market is divided into passenger cars, commercial vehicles, and luxury/premium vehicles. Based on distribution channel, the market is segmented into OEM and aftermarket.
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 key players in the Brazil automotive tyre market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Bridgestone Corporation
- Continental AG
- The Goodyear Tire & Rubber Company
- Hankook Tire & Technology Co., Ltd.
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Yokohama Rubber Co., Ltd.
- Toyo Tire Corporation
- Others
Market Share by Rim Size
The 15-20 inch segment accounts for a significant share of the Brazil automotive tyre market. Higher visual appeal, along with greater control enabling drivers to handle the vehicle more efficiently, of such tyres is escalating the segment’s growth.
In addition, 15-20 inch tyres offer enhanced ride quality, which is further heightening their utilisation in passenger vehicles. Furthermore, these types of automotive tyres facilitate a safe driving experience by improving the gripping and traction between the tyres and the road.
Market Share by Vehicle
Luxury/premium vehicles are likely to witness a heightened growth in the forecast period, driven by the growing popularity of luxury car brands and the proliferation of super sports cars. Over the forecast period, the anticipated increase in penetration of international brands in the country is likely to fuel product innovations and bolster tyre demand.
Moreover, the rising disposable income is likely to further boost the demand for luxury cars in the coming years. Such factors are also expected to surge the demand for premium tyres as they are more durable, high-performance, and wear and tear-resistant.
Competitive Landscape
Bridgestone Corporation is a company which manufactures tyre and rubber products for SUVs, CUVs, and luxury cars, among others. It was founded in 1931 and is headquartered in Tokyo, Japan.
Continental AG is a leading multinational automotive part manufacturer that has expertise in tyres, brake systems, and vehicle electronics, among others. The company was founded in 1871 and is headquartered in Hanover, Germany.
The Goodyear Tire & Rubber Company is a renowned company which develops, distributes, and sells tyres. The company also offers rubber-related chemicals. It was established in 1898 and is headquartered in Ohio, the United States.
Other market players include Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., Yokohama Rubber Co., Ltd., and Toyo Tire Corporation, 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:
|
| Breakup by Season Type |
|
| Breakup by Rim Size |
|
| Breakup by Vehicle |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
7 Opportunities and Challenges in the Market
8 Global Automotive Tyre Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Tyre Historical Market (2018-2023)
8.3 Global Automotive Tyre Market Forecast (2024-2032)
8.4 Global Automotive Tyre Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Brazil Automotive Tyre Market Overview
9.1 Key Industry Highlights
9.2 Brazil Automotive Tyre Historical Market (2018-2023)
9.3 Brazil Automotive Tyre Market Forecast (2024-2032)
10 Brazil Automotive Tyre Market by Season Type
10.1 Summer
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Winter
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 All Season
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Brazil Automotive Tyre Market by Rim Size
11.1 Less than 15 inch
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 15-20 inch
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 More than 20 inch
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Brazil Automotive Tyre Market by Vehicle
12.1 Passenger Cars
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial Vehicles
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Luxury/Premium Vehicles
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Brazil Automotive Tyre Market by Distribution Channel
13.1 OEM
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Aftermarket
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
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 Trade Data Analysis (HS Code – 4011)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Bridgestone Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Continental AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 The Goodyear Tire & Rubber Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Hankook Tire & Technology Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Pirelli & C. S.p.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Sumitomo Rubber Industries, Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Yokohama Rubber Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Toyo Tire Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Tyre Market: Key Industry Highlights, 2018 and 2032
2. Brazil Automotive Tyre Market: Key Industry Highlights, 2018 and 2032
3. Brazil Automotive Tyre Historical Market: Breakup by Season Type (USD Billion), 2018-2023
4. Brazil Automotive Tyre Market Forecast: Breakup by Season Type (USD Billion), 2024-2032
5. Brazil Automotive Tyre Historical Market: Breakup by Rim Size (USD Billion), 2018-2023
6. Brazil Automotive Tyre Market Forecast: Breakup by Rim Size (USD Billion), 2024-2032
7. Brazil Automotive Tyre Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
8. Brazil Automotive Tyre Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
9. Brazil Automotive Tyre Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Brazil Automotive Tyre Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Brazil Automotive Tyre Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 1.99 billion in 2023.
The market is estimated to grow at a CAGR of 7.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.74 billion by 2032.
The increasing sale of automobiles, rising number of working professionals, escalating living standards, and growing awareness pertaining to luxury car brands are the major drivers of the market.
The key trends in the market include the favourable federal diesel tax policies being introduced by the Brazilian government aimed at boosting the affordability of vehicles and the rising demand for tyres that can facilitate a safer driving experience.
Summer, winter, and all season are the different segments based on season types of automotive tyres.
Less than 15 inch, 15-20 inch, more than 20 inch are the major rim sizes of automotive tyres.
Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., Yokohama Rubber Co., Ltd., and Toyo Tire Corporation, among others, are the key Brazil automotive tyre market players.
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