Tire Market Report and Forecast 2019-2024


A tire is a flexible, strong rubber casing attached to the rim of a wheel. They provide a gripping surface for traction and acts as a cushion for the wheels of a vehicle. Tire industry currently represents a lucrative market for the investors as it holds significant opportunities for industry players due to a strong demand for replacement tires and an increasing sales of commercial and passenger vehicles in developing countries. During 2014-2018, the global tire market grew at a CAGR of around 4%. The market is currently being driven by the exponential increase in the number of vehicles produced throughout the world. This report by Expert Market Research, entitled “Tire Market Report and Forecast 2019-2024”, provides a comprehensive analysis for anyone who plans to foray into the tire market.

Historical market trends for the global tire industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global tire market into the following major countries – China, Europe, United States, Japan and India. China currently represents the largest market. On the basis of the market type, the global tire market has been segmented as OEM market and Replacement market. Based on end-use industries, the report has also segmented the global tire market into passenger cars, commercial tires for trucks and commercial tires for off-highway vehicles.

The value chain analysis of the tire industry, encompassing all the activities such as procurement, manufacturing, sales and distribution, has also been covered in this report.  Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the tire industry has also been provided. Some of the key players in this market include Bridgestone Corporation, Groupe Michelin France, Goodyear Tire and Rubber, Continental AG Germany and Pirelli & C. SpA.

This report provides an exhaustive insight for setting-up and running a tire manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.

The following are the key questions answered by this report:

  • What are the market trends for the global tire market?
  • Which are the biggest markets (regions) for tire?
  • What are the major market types of tires?
  • What are the key application areas for tires?
  • Who are the key manufacturers in the tire market?
  • What are the land and construction requirements to start a tire manufacturing plant?
  • What are the machinery requirements to start a tire manufacturing plant?
  • How is tire priced? What are the profit margins at various stages of the supply chain?
  • What is the total capital investment required to start a tire manufacturing plant?
  • What are the running costs of a tire manufacturing plant?
  • How much revenue can a tire manufacturing plant generate?

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the tire industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

Chapter 1    Preface
    1.1    Research Methodology and Market Definitions
    1.2    Introduction
    1.3    Report Summary
Chapter 2    Global Tire Market: Industry Overview
    2.1    Key Factors Driving the Tire Industry
    2.2    Market Trends
    2.3    Market Breakup by Region
        2.3.1    China
        2.3.2    Europe
        2.3.3    United States
        2.3.4    Japan
        2.3.5    India
        2.3.6    Others
    2.4    Market Breakup by Segment
        2.4.1    OEM Market
        2.4.2    Replacement Market
    2.5    Market Breakup by End-Use
        2.5.1    Passenger Car or Light Truck
        2.5.2    Commercial Tires (Trucks)
        2.5.3    Commercial Tires (Off-Highway)
     2.6    SWOT Analysis
        2.6.1    Strengths
        2.6.2    Weaknesses
        2.6.3    Opportunities
        2.6.4    Threats
    2.7    Value Chain Analysis
    2.8    Market Outlook
Chapter 3    India Tire Market: Industry Overview
    3.1    Market Trends
    3.2    Market Breakup by End-Use
    3.3    Key Players
    3.4    Market Outlook
Chapter 4    Japan Tire Market: Industry Overview
    4.1    Market Trends
    4.2    Market Breakup by End-Use
    4.3    Key Players
    4.4    Market Outlook
Chapter 5    Europe Tire Market
    5.1    Market Trends
    5.2    Market Breakup by End-Use
    5.3    Key Players
    5.4    Market Outlook
Chapter 6    China Tire Market: Industry Overview
    6.1    Market Trends
    6.2    Market Breakup by End-Use
    6.3    Key Players
    6.4    Market Outlook
Chapter 7    Russia Tire Market: Industry Overview
    7.1    Market Trends
    7.2    Market Breakup by End-Use
    7.3    Key Players
    7.4    Market Outlook
Chapter 8    United States Tire Market: Industry Overview
    8.1    Market Trends
    8.2    Market Breakup by End-Use
    8.3    Key Players
    8.4    Market Outlook
Chapter 9    Brazil Tire Market: Industry Overview
    9.1    Market Trends
    9.2    Market Breakup by End-Use
    9.3    Key Players
    9.4    Market Outlook
Chapter 10    Porters Five Forces Analysis
    10.1    Bargaining Power of Suppliers
    10.2    Bargaining Power of Buyers
    10.3    Threat of New Entrants
    10.4    Threat of Substitutes
    10.5    Degree of Competition
Chapter 11    Competitive Landscape
    11.1    Competitive Structure
    11.2    Breakup by Key Players
    11.3    Key Player Profiles
        11.3.1    Bridgestone Corporation
        11.3.2    Groupe Michelin France
        11.3.3    Goodyear Tire & Rubber Co.
        11.3.4    Continental AG Germany
        11.3.5    Pirelli & C. SpA
        11.3.6    Sumitomo Rubber Industries Ltd
        11.3.7    Hankook Tyre Co.
        11.3.8    Yokohama Rubber Corp.
        11.3.9    Cheng Shin Rubber
        11.3.10    Zhongce rubber group Co. Ltd
Chapter 12    Setting Up a Tire Manufacturing Plant
    12.1    Key Success and Risk Factors for Manufacturing Tire
    12.2    Products Manufactured
    12.3    Manufacturing Process Involved
    12.4    Process Flow
    12.5    Raw Material Requirements and Mass Balance
Chapter 13    Capital Investment
    13.1    Land Requirements and Investment
    13.2    Construction Requirements and Investment
    13.3    Machinery Requirements and Investment
    13.4    Other Capital Requirements and Investment
Chapter 14    Operating Expenditure
    14.1    Raw Material Requirements and Expenditures
    14.2    Packaging Requirements and Costs
    14.3    Labour Requirements and Costs
    14.4    Transportation Requirements and Costs
    14.5    Utility Requirements and Costs
    14.6    Financial Support
    14.7    Other Operating Expenditure
Chapter 15    Project Economics
    15.1    Techno-Economic Parameters
    15.2    Product Pricing and Margins
    15.3    Income Projections
    15.4    Expenditure Projections
    15.5    Financial Analysis

List of Figures

Figure 2 1: Global Tire Market: Consumption Volume Trend (in Million Units), 2014-2018
Figure 2 2: Global Tire Market: Breakup by Region (in %), 2018
Figure 2 3: Global Tire Market: Breakup by Segment (in %), 2018
Figure 2 4: Global Tire Market: Breakup by Application (in %), 2018
Figure 2 5: Global Tire Market: Value Chain Analysis
Figure 2 6: Global Tire Market Forecast: Sales Volume Trend (in Million Units), 2019-2024
Figure 3 1: India Tire Market: Sales Volume Trend (in Million Units), 2014-2018
Figure 3 2: India Tire Market: Breakup by End-Use (in %), 2018
Figure 3 3: India Tire Market: Breakup by Key Players (in %), 2018
Figure 3 4: India Tire Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 4 1: Japan Tire Market: Sales Volume Trend (in Million Units), 2014-2018
Figure 4 2: Japan Tire Market: Breakup by End-Use (in %), 2018
Figure 4 3: Japan Tire Market: Breakup by Key Players (in %), 2018
Figure 4 4: Japan Tire Market Forecast: Sales Volume Trend (in Million Units), 2019-2024
Figure 5 1: Europe Tire Market: Sales Volume Trend (in Million Tons), 2014-2018
Figure 5 2: Europe Tire Market: Breakup by End-Use (in %), 2018
Figure 5 3: Europe Tire Market: Breakup by Key Players (in %), 2018
Figure 5 4: Europe Tire Market Forecast: Sales Volume Trend (in Million Tons), 2019-2024
Figure 6 1: China Tire Market: Sales Volume Trend (in Million Units), 2014-2018
Figure 6 2: China Tire Market: Breakup by End-Use (in %), 2018
Figure 6 3: China Tire Market: Breakup by Key Players (in %), 2018
Figure 6 4: China Tire Market Forecast: Sales Volume Trend (in Million Units), 2019-2024
Figure 7 1: Russia Tire Market: Sales Volume Trend (in Million Units), 2014-2018
Figure 7 2: Russia Tire Market: Breakup by End-Use (in %), 2018
Figure 7 3: Russia Tire Market: Breakup of Key Players (in %), 2018
Figure 7 4: Russia Tire Market Forecast: Sales Volume Trend (in Million Units), 2019-2024
Figure 8 1: United States Tire Market: Sales Volume Trend (in Million Units), 2014-2018
Figure 8 2: United States Tire Market: Breakup by End-Use (in %), 2018
Figure 8 3: United States Tire Market: Breakup by Key Players (in %), 2018
Figure 8 4: United States Tire Market Forecast: Sales Volume Trend (in Million Units), 2019-2024
Figure 9 1: Brazil Tire Market: Sales Volume Trend (in Million Units), 2014-2018
Figure 9 2: Brazil Tire Market: Breakup by End-Use (in %), 2018
Figure 9 3: Brazil Tire Market: Breakup of Key Players (in %), 2018
Figure 9 4: Brazil Tire Market Forecast: Sales Volume Trend (in Million Units), 2019-2024
Figure 11 1: Global Tire Market: Breakup of Key Players (in %), 2018
Figure 12 1: Tire Manufacturing Plant: Various Types of Unit Operations Involved
Figure 12 2: Tire Manufacturing Plant: Detailed Process Flow
Figure 12 3: Tire Manufacturing Plant:  Conversion Rates of Feedstocks
Figure 13 1: Tire Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 15 1: Tire Industry: Breakup of Profit Margins at Various Level of Value Chain
Figure 15 2: Tire Manufacturing Plant: Breakup of Operating Costs (in %)

List of Tables

Table 1 1: Tire Market in Various Developed and Emerging Regions
Table 13 1: Tire Manufacturing Plant: Capital Costs (in USD)
Table 13 2: Tire Manufacturing Plant: Land Requirements and Costs (in USD)
Table 13 3: Tire Manufacturing Plant: Construction Requirements and Costs (in USD)
Table 13 4: Tire Manufacturing Plant: Machinery Requirements and Costs (in USD)
Table 14 1: Tire Manufacturing Plant: Raw Material Requirements and Costs
Table 14 2: Tire Manufacturing Plant: Labour Requirements and Costs (in USD)
Table 14 3: Overview of Financial Support
Table 15 1 Tire Manufacturing Plant: Various Techno-Economic Parameters
Table 15 2: Tire Manufacturing Plant: Income Projections (in USD)
Table 15 3 Tire Manufacturing Plant: Expenditure Projections (in USD)
Table 15 4: Tire Manufacturing Plant: Cash Flow Analysis (Without Considering Taxes)
Table 15 5: Tire Manufacturing Plant: Cash Flow Analysis (On Considering Taxes)

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