“Automotive Tire OEM Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive tire oem market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for automotive tire oem? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The automotive tire oem market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Tube Tire; Tubless Tire
- 2) By Design: Radial Tire; Bias Tire
- 3) By Vehicle: Passenger Car; Light Commercial Vehicle; Heavy Commercial Vehicle
- Companies Mentioned: Bridgestone Corporation; Michelin SCA; Goodyear Tyre & Rubber Company; Continental AG; Sumitomo Rubber Industries Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the automotive tire oem market are: Bridgestone Corporation, Michelin SCA, Goodyear Tyre & Rubber Company, Continental AG, Sumitomo Rubber Industries Limited, Pirelli & C SpA, Zhongce Rubber Company, Cheng Shin Rubber Industry Company, MRF Limited, Toyo Tire & Rubber Co Limited, Apollo Tyres Limited, and Nokian Tyres Plc.
The global automotive tire OEM market is expected to grow from $19.85 billion in 2022 to $21.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.29%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive tire OEM market is expected to grow to $28.89 billion in 2027 at a CAGR of 7.68%.
The automotive tire OEM market consists of sales of automotive tires that are manufactured by original equipment manufacturers as per the standards of automotive companies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Original equipment manufacturer (OEM) automotive tires are prescribed by the vehicle manufacturer and are originally installed on the vehicle when it is new. The car's maker collaborates with tire manufacturers to choose a tire that satisfies any performance specifications for their new vehicle.
Asia-Pacific was the largest region in the automotive tire OEM market in 2022. The regions covered in the automotive tire OEM market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of automotive tire OEM are tube tire, and tubeless tire. The tube tire refers to a tire with an inflatable tube that holds the air in the tire. There is a valve that serves as an intake to add air. The various designs include radial tire, and bias tire that are used in passenger car, light commercial vehicle, and heavy commercial vehicle.
The increasing investments in research and development of automotive tires are driving the growth of the automotive tire OEM market. The tire manufacturers are conducting research and development activities for designing new tires and creating compounds to improve product performance. The automotive tire OEM will benefit from this investment by providing a more efficient and sustainable tire. For instance, in May 2022, Pirelli, an Italy-based tire manufacturer, announced an investment of $15 million over two years to create an advanced technology and digitalization center for tire manufacture at its facility in Silao, Mexico. The investment will focus on establishing the first research and development facility in Mexico, which will use tire production technologies created for future mobility, such as electric, sustainable, and connected transportation systems. Therefore, such investments will propel the automotive tire OEM market.
Technological innovation is a key trend gaining popularity in the automotive tire OEM market. Major industry participants are focusing on developing novel technologies to shift consumer demand for advanced tires. For instance, in December 2020, Michelin, a France-based tire manufacturer, aimed to offer up to 1,500,000 RFID-enabled vehicle tires in 2020 and planned to have all of its automobile tires fitted with the technology by 2023. The RFID chips are designed to link the wheels with the global ecology, specifically, backend systems. The technology is anticipated to enable enhanced tire management throughout the tire's life, starting at the manufacture and continuing until the end of the service life.
In June 2021, Goodyear Tire and Rubber Company, a US-based tire manufacturing company, acquired Cooper Tire & Rubber Company for an undisclosed amount. Through this acquisition, Goodyear will strengthen its position in the global tire industry and make it simpler for customers and consumers to buy Goodyear and Cooper-branded tires by providing additional alternatives throughout the value spectrum. Cooper Tire and Rubber Company is a US-based company specializing in the design, manufacture, marketing, and sales of replacement automobile and truck tires.
The countries covered in the automotive tire OEM market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The automotive tire OEM market research report is one of a series of new reports from The Business Research Company that provides automotive tire OEM market statistics, including automotive tire OEM industry global market size, regional shares, competitors with an automotive tire OEM market share, detailed automotive tire OEM market segments, market trends and opportunities, and any further data you may need to thrive in the automotive tire OEM industry. This automotive tire OEM market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Automotive Tire OEM Market Characteristics
3. Automotive Tire OEM Market Trends And Strategies
4. Automotive Tire OEM Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Automotive Tire OEM Market
- 4.2. Ukraine-Russia War Impact On Automotive Tire OEM Market
- 4.3. Impact Of High Inflation On Automotive Tire OEM Market
5. Automotive Tire OEM Market Size And Growth
- 5.1. Global Automotive Tire OEM Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Automotive Tire OEM Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Automotive Tire OEM Market Segmentation
- 6.1. Global Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Tube Tire
- Tubless Tire
- 6.2. Global Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Radial Tire
- Bias Tire
- 6.3. Global Automotive Tire OEM Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
7. Automotive Tire OEM Market Regional And Country Analysis
- 7.1. Global Automotive Tire OEM Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Automotive Tire OEM Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Automotive Tire OEM Market
- 8.1. Asia-Pacific Automotive Tire OEM Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Automotive Tire OEM Market
- 9.1. China Automotive Tire OEM Market Overview
- 9.2. China Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Automotive Tire OEM Market
- 10.1. India Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Automotive Tire OEM Market
- 11.1. Japan Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Automotive Tire OEM Market
- 12.1. Australia Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Automotive Tire OEM Market
- 13.1. Indonesia Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Automotive Tire OEM Market
- 14.1. South Korea Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Automotive Tire OEM Market
- 15.1. Western Europe Automotive Tire OEM Market Overview
- 15.2. Western Europe Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Automotive Tire OEM Market
- 16.1. UK Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Automotive Tire OEM Market
- 17.1. Germany Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Automotive Tire OEM Market
- 18.1. France Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Automotive Tire OEM Market
- 19.1. Eastern Europe Automotive Tire OEM Market Overview
- 19.2. Eastern Europe Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Automotive Tire OEM Market
- 20.1. Russia Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Automotive Tire OEM Market
- 21.1. North America Automotive Tire OEM Market Overview
- 21.2. North America Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Automotive Tire OEM Market
- 22.1. USA Automotive Tire OEM Market Overview
- 22.2. USA Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Automotive Tire OEM Market
- 23.1. South America Automotive Tire OEM Market Overview
- 23.2. South America Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Automotive Tire OEM Market
- 24.1. Brazil Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Automotive Tire OEM Market
- 25.1. Middle East Automotive Tire OEM Market Overview
- 25.2. Middle East Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Automotive Tire OEM Market
- 26.1. Africa Automotive Tire OEM Market Overview
- 26.2. Africa Automotive Tire OEM Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Automotive Tire OEM Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Automotive Tire OEM Market Competitive Landscape And Company Profiles
- 27.1. Automotive Tire OEM Market Competitive Landscape
- 27.2. Automotive Tire OEM Market Company Profiles
- 27.2.1. Bridgestone Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Michelin SCA
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Goodyear Tyre & Rubber Company
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Continental AG
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Sumitomo Rubber Industries Limited
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Automotive Tire OEM Market
29. Automotive Tire OEM Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer