Global Tyre Market: By End Use: Passenger Car or Light Truck, Commercial Tyres (Trucks), Commercial Tyres (Off-Highway); By Region: North America, Europe, Asia Pacific Latin America, Middle East and Africa; Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); Regional Price Trends; Market Drivers, Opportunities and Threats; Competitive Landscape; Cost Analysis

Global Tyre Market Key Insights:

  • Segments: OEM, Replacement
  • Market Overview
  • Price Trends 2018
  • Market Analysis & Outlook 2019-2024
  • Value Chain Analysis
  • Breakup by Application
  • Competitive Landscape
  • Capacity Addition & Plant Turnarounds
  • Mergers & Acquisitions


Market Outlook

The global tyre market is being driven by the rising demand of tyres across the world. In 2018, the global demand for tyres reached nearly 3112 million units, growing at a CAGR of 4.4% between 2014 and 2018. It is expected to grow at an almost similar rate between 2019-2024, growing at CAGR of 4%, attaining a volume of 4014 million units by 2024.

In 2017, China was the leading tyre market accounting for almost 49% of the global tyre industry. China was followed by Europe, United States, India, and Japan as some of the significant tyre markets in the world. China’ s market is aided by its robustly growing car industry. It is one of the largest car markets increasing its share by almost 21% since 2007 and accounted for 30% of the global car industry in 2016. A strong GDP growth and a growing demand for cars in the emerging middle class along with a tax break implemented for cars with smaller engines are driving the increase in car production in China.

Global Tomato Processing Market Report | Expert Market Research EMR

Get a Free Sample Report For Market Study -

The tyre industry in India is also projected to be driven by the domestic demand for automobiles. India is expected to become the third largest market for automobiles by 2021. The automobiles industry will also be one of the fastest growing industries in the country. All these factors will aid the growth of the tyre industry in India, with its demand projected to grow between 7% to 9% in the forecast period. The goods and service tax (GST), increased infrastructure activities, and a growing demand are driving the replacement tyre industry in India. The India tyre industry is also being aided by the increasing tyre exports due to a rise in demand from overseas in 2017. India accounted for more than 5% of the global tyre market in 2017.

Properties and Applications

Tyre is a thick ring of rubber that is usually inflated and placed over the outer edge or the rim of the vehicle wheel. It provides traction and allows the vehicle to travel over the road more easily. While most tyres are made of natural rubber, tyres have also started to incorporate materials like synthetic rubber, steel wires, fabric, and carbon black.

Tyres can be bifurcated into:

  • OEM 
  • Replacement

Tyres find their applications in the following automobile segments:

  • Passenger Car or Light Truck 
  • Commercial Tyres (Trucks)
  • Commercial Tyres (Off-Highway)

The EMR report analyses the tyre industry in North America, Europe, LATAM, Middle East and Africa, and Asia Pacific.

Market Analysis

The global tyre market is being driven by the expansion in the global production and sales of vehicles. Rising incomes in emerging economies will lead to an increase in the number of vehicles in use, thus, spurring the growth of the tyre industry. The growing middle class in countries undergoing industrialisation will also aid the tyre market with an increasing vehicle ownership leading to the rising demand for light-weight vehicles tyres. There has been a rise in the production of tyres due to the declining prices of rubber. The replacement tyre industry, in particular, is estimated to see healthy growth in the coming years due to higher profit margins.

Segment-wise, the global tyre market was led by the OEM (original equipment manufacturer) tyres, which accounted for more than half of the market in 2018. Globally, tyres find their maximum utility in passenger cars and light trucks. Passenger car/light trucks were followed by applications in commercial vehicles like trucks and off-highway vehicles.

The rising demand in the Asia market is projected to drive the tyre industry in the coming year. The Asia tyre industry is not just being driven by the increase in the automobile industry but also by the reduced cost of production. The reduced production costs are due to the lower labour costs and lesser natural rubber content (with more synthetic rubber content) in tyres. With rising automotive production in Latin America and Middle East regions, it is expected to witness robust growth in the two regions.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global tyre market, looking into their capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions:

  • Bridgestone Corporation 
  • Groupe Michelin France
  • Goodyear Tire & Rubber Co 
  • Continental AG Germany
  • Pirelli & C.S.p.A.
  • Sumitomo Rubber Industries, Ltd.
  • The Hankook Tire group
  • Yokohama Rubber Company, Limited
  • Cheng Shin Rubber Industry Co
  • Zhongce rubber group Co. Ltd
  • Madras Rubber Factory Limited

The EMR report provides a SWOT analysis as well as an analysis of Porter’s Five Forces.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Market Overview
    3.2    Key Demand Drivers
    3.3    Top Global Suppliers
    3.4    Supply Market Change
4    Global Tyre Market Outlook
5    Global Tyre Market 
    5.1    Global Tyre Market Analysis

        5.1.1    Figure: Global Tyre Historical Market (2014-2018) & Forecast (2019-2024)
        5.1.2    Figure: Global Tyre Market Breakup by Segments: Historical Market (2014-2018) & Forecast (2019-2024)
      OEM Market
      Replacement Market
        5.1.3    Figure: Global Tyre Market Breakup by Applications: Historical Market (2014-2018) & Forecast (2019-2024)
      Passenger Car or Light Truck 
      Commercial Tyres (Trucks)
      Commercial Tyres (Off-Highway)
        5.1.4    Figure: Global Tyre Market Breakup by Region: Historical Market (2014-2018) & Forecast (2019-2024)
      North America
      Asia Pacific
      Middle East & Africa
    5.2    SWOT Analysis
        5.2.1    Overview
        5.2.2    Strengths
        5.2.3    Weaknesses 
        5.2.4    Opportunities
        5.2.5    Threats
    5.3    Value Chain Analysis
    5.4    Porter’s Five Forces Analysis

        5.4.1    Overview
        5.4.2    Buyer’s Power
        5.4.3    Supplier’s Power
        5.4.4    New Entrants
        5.4.5    Degree of Rivalry
        5.4.6    Substitutes
    5.5     Global (HS Code-401) Trade Analysis (2018)
        5.5.1    Major Exporting Countries by Value & Volume
        5.5.2    Major Importing Countries by Value & Volume
    5.6    Regional Tyre Price Analysis
        5.6.1    North America Tyre Historical Price trends (2014-2018) & Forecast (2019-2024)
        5.6.2    Europe Tyre Historical Price Trends (2014-2018) & Forecast (2019 – 2024) 
        5.6.3    Asia Pacific Tyre Historical Price Trends (2014-2018) & Forecast (2019 - 2024)
        5.6.4    LATAM Tyre Historical Price Trends (2014-2018) & Forecast (2019 – 2024) 
        5.6.5    Middle East & Africa Tyre Historical Price Trends (2014-2018) & Forecast (2019 – 2024)
6    Manufacturing Process
    6.1    Detailed Process Flow
    6.2    Operations Involved
    6.3    Mass Balance
7    Cost Analysis
    7.1    Land, Location and Site Development
    7.2    Construction
    7.3    Plant Machinery
    7.4    Cost of Raw Material
    7.5    Packaging
    7.6    Transportation
    7.7    Utilities
    7.8    Manpower
    7.9    Other Capital Investment
8    Competitive Landscape & Supplier Analysis
    8.1    Bridgestone Corporation 
    8.2    Groupe Michelin France
    8.3    Goodyear Tire & Rubber Co 
    8.4    Continental AG Germany
    8.5    Pirelli & C.S.p.A.
    8.6    Sumitomo Rubber Industries, Ltd.
    8.7    The Hankook Tire group
    8.8    Yokohama Rubber Company, Limited
    8.9    Cheng Shin Rubber Industry Co
    8.10    Zhongce rubber group Co. Ltd
    8.11    Madras Rubber Factory Limited
9    Consumer Analysis
10    Events and Developments

Enquire Before Buying

Special Prices

    EMR provides special pricing for:

  • Academic Institutes
  • Government Agencies
  • Nonprofit Organizations
  • For more information, feel free to contact us.

* We value your privacy and will never rent or sell your email address.

Privacy policy

Related Reports

  Asia Pacific Silicones Market Report and Forecast 2019-2024

The Asia Pacific silicones market is expected to reach a volume of about 2 million metric tons by 2024, registering a CAGR of nearly 5% during the forecast period of 2019-2024. Asia Pacific is expecte...

  LATAM (Latin America) Silicones Market Report and Forecast 2019-2024

Aided by the growth in the global silicones market, which is projected to grow at a CAGR of about 5% during the forecast period of 2019-2024, the Latin America silicones market is expected to reach  ...

  Europe Silicones Market Report and Forecast 2019-2024

The global silicones market grew at a CAGR of around 5% in the period 2014-2018. The healthy growth of the global silicones market has aided the Europe silicone market, which is expected to reach a ca...

  North America Silicones Market Report and Forecast 2019-2024

The North America silicones market has grown at a CAGR of around 4% in during 2014-2018. Due to the rising demand for silicone elastomers in the USA and Canada, the market for silicones in North Ame...

  North America Betaines Market Report and Forecast 2019-2024

The betaines market in North America is expected to reach a volume of around 200 KMT by 2024 and the global betaines market is projected to expand at a CAGR of about 4% during 2018-2024.

Have any queries or concern?

USA - Canada: +1-415-325-5166

UK: +44-702-402-5790