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USD 33.72 bn Growth in Automotive Premium Tires Market, North America to be Largest Contributor to Market Growth – Technavio


NEW YORK, Sept. 2, 2022 /PRNewswire/ — Premium tires for automobiles are designed and developed to deliver superior performance and safety over conventional tires. Reduced rolling resistance, better road grip, and fuel economy are some major factors considered while designing and developing premium tires.


Latest market research report titled Automotive Premium Tires Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

The automotive premium tires market size is expected to grow by USD 33.72 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 10.58% during the forecast period.

The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest FREE PDF Sample Report

Automotive Premium Tires Market 2022-2026: Scope

The automotive premium tires market report covers the following areas:

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Automotive Premium Tires Market 2022-2026: Vendor Landscape and Analysis

The automotive premium tires market is fragmented, and the vendors are deploying growth strategies such as expanding their product lines and strengthening their manufacturing capacities to compete in the market. The competition among established players is intense. This is compelling vendors to expand their product lines and strengthen their manufacturing capacities. Market vendors use energy-efficient rubber compounds and materials to enhance the performance of premium tires. Prominent vendors are differentiating themselves in the market and are engaging in M&A to expand their product portfolio for automotive premium tires.

Bridgestone Corp., Continental AG, Hankook Tire and Technology Co. Ltd., Kumho Tire Co. Inc., Michelin North America Inc, NEXEN TIRE Corp., Nokian Tyres Plc, Pirelli Tyre Spa, Shandong Linglong Tyre Co. Ltd., The Goodyear Tire and Rubber Co., Toyo Tire Corp., Yokohama Rubber Co. Ltd., Cheng Shin Rubber Ind. Co. Ltd., Giti Tire Pte. Ltd., MRF Ltd., Shandong Hengfeng Rubber and Plastic Co. Ltd., Triangle Tyres, and Xingyuan Tires Group are among some of the major market participants.

This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now

Automotive Premium Tires Market 2022-2026: Segmentation
  • End-user
    • Replacement: This segment will be the largest contributor to market growth during the forecast period. Premium tires have a higher replacement frequency from wear and tear than conventional tires, which is driving the growth of this segment.
    • OEM
  • Geography
    • North America: This region will account for 38% of the market’s growth during the forecast period. The growth of this segment will be driven by factors such as higher penetration of TPMS in the automotive market. Moreover, market growth in this region will be faster than the growth of the market in other regions. The US is a key country for the automotive premium tires market in North America.
    • APAC
    • Europe
    • Middle East And Africa
    • South America
Automotive Premium Tires Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist automotive premium tires market growth during the next five years
  • Estimation of the automotive premium tires market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive premium tires market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive premium tires market vendors
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Automotive Premium Tires Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.58%

Market growth 2022-2026

USD 33.72 billion

Market structure

Fragmented

YoY growth (%)

9.75

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bridgestone Corp., Continental AG, Hankook Tire and Technology Co. Ltd., Kumho Tire Co. Inc., Michelin North America Inc, NEXEN TIRE Corp., Nokian Tyres Plc, Pirelli Tyre Spa, Shandong Linglong Tyre Co. Ltd., The Goodyear Tire and Rubber Co., Toyo Tire Corp., Yokohama Rubber Co. Ltd., Cheng Shin Rubber Ind. Co. Ltd., Giti Tire Pte. Ltd., MRF Ltd., Shandong Hengfeng Rubber and Plastic Co. Ltd., Triangle Tyres, and Xingyuan Tires Group

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Consumer Discretionary Market Reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Replacement – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Replacement – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Replacement – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Replacement – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Replacement – Year-over-year growth 2021-2026 (%)
  • 5.4 OEM – Market size and forecast 2021-2026
    • Exhibit 32: Chart on OEM – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on OEM – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on OEM – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on OEM – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 APAC – Market size and forecast 2021-2026
    • Exhibit 46: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.5 Europe – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.7 South America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 Germany – Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.10 China – Market size and forecast 2021-2026
    • Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.11 Japan – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.12 France – Market size and forecast 2021-2026
    • Exhibit 78: Chart on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on France – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on France – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Bridgestone Corp.
    • Exhibit 89: Bridgestone Corp. – Overview
    • Exhibit 90: Bridgestone Corp. – Business segments
    • Exhibit 91: Bridgestone Corp. – Key news
    • Exhibit 92: Bridgestone Corp. – Key offerings
    • Exhibit 93: Bridgestone Corp. – Segment focus
  • 10.4 Continental AG
    • Exhibit 94: Continental AG – Overview
    • Exhibit 95: Continental AG – Business segments
    • Exhibit 96: Continental AG – Key news
    • Exhibit 97: Continental AG – Key offerings
    • Exhibit 98: Continental AG – Segment focus
  • 10.5 Hankook Tire and Technology Co. Ltd.
    • Exhibit 99: Hankook Tire and Technology Co. Ltd. – Overview
    • Exhibit 100: Hankook Tire and Technology Co. Ltd. – Product / Service
    • Exhibit 101: Hankook Tire and Technology Co. Ltd. – Key offerings
  • 10.6 Kumho Tire Co. Inc.
    • Exhibit 102: Kumho Tire Co. Inc. – Overview
    • Exhibit 103: Kumho Tire Co. Inc. – Product / Service
    • Exhibit 104: Kumho Tire Co. Inc. – Key offerings
  • 10.7 Michelin North America Inc
    • Exhibit 105: Michelin North America Inc – Overview
    • Exhibit 106: Michelin North America Inc – Business segments
    • Exhibit 107: Michelin North America Inc – Key news
    • Exhibit 108: Michelin North America Inc – Key offerings
    • Exhibit 109: Michelin North America Inc – Segment focus
  • 10.8 Nokian Tyres Plc
    • Exhibit 110: Nokian Tyres Plc – Overview
    • Exhibit 111: Nokian Tyres Plc – Business segments
    • Exhibit 112: Nokian Tyres Plc – Key news
    • Exhibit 113: Nokian Tyres Plc – Key offerings
    • Exhibit 114: Nokian Tyres Plc – Segment focus
  • 10.9 Pirelli Tyre Spa
    • Exhibit 115: Pirelli Tyre Spa – Overview
    • Exhibit 116: Pirelli Tyre Spa – Business segments
    • Exhibit 117: Pirelli Tyre Spa – Key offerings
    • Exhibit 118: Pirelli Tyre Spa – Segment focus
  • 10.10 Shandong Linglong Tyre Co. Ltd.
    • Exhibit 119: Shandong Linglong Tyre Co. Ltd. – Overview
    • Exhibit 120: Shandong Linglong Tyre Co. Ltd. – Product / Service
    • Exhibit 121: Shandong Linglong Tyre Co. Ltd. – Key offerings
  • 10.11 The Goodyear Tire and Rubber Co.
    • Exhibit 122: The Goodyear Tire and Rubber Co. – Overview
    • Exhibit 123: The Goodyear Tire and Rubber Co. – Business segments
    • Exhibit 124: The Goodyear Tire and Rubber Co. – Key news
    • Exhibit 125: The Goodyear Tire and Rubber Co. – Key offerings
    • Exhibit 126: The Goodyear Tire and Rubber Co. – Segment focus
  • 10.12 Yokohama Rubber Co. Ltd.
    • Exhibit 127: Yokohama Rubber Co. Ltd. – Overview
    • Exhibit 128: Yokohama Rubber Co. Ltd. – Business segments
    • Exhibit 129: Yokohama Rubber Co. Ltd. – Key news
    • Exhibit 130: Yokohama Rubber Co. Ltd. – Key offerings
    • Exhibit 131: Yokohama Rubber Co. Ltd. – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations
    • Exhibit 138: List of abbreviations

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