1. Market Research
  2. > Automotive Market Trends
  3. > Tire

Automotive Tire Market Research: Latest Tire Industry Trends & Statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
17 votes

Global Tire Industry

The global tire industry, which plays a large role in the worldwide automotive industry, is set to record close to 5% yearly growth in volume demand through 2015 to reach almost 3.5 billion units, according to research from Freedonia. The industry is expected to witness close to 7% yearly growth in revenue to reach $220 billion in 2015. Between 2010 and 2015, the global tire industry is forecast to recover from the five-year period of slow growth ending 2010.  

Tire Market Key Segments

More than 60% of global tire demand was for motor vehicles in 2010. Motorvehicle tires are forecasted to maintain the top market segment spot in 2015, reports Freedonia. Increased demand is a result of increasing global vehicle use prompted by rising levels of income, leading to higher rates of vehicle ownership. OEM and replacement motor vehicle tires demand, in particular for light vehicles, will continue to grow in tandem with car ownership.

The highest rate of growth within the tire industry through 2015 will be recorded in the industrial and other tire market segment. Demand for bicycle and motorcycle tires in emerging nations represents the largest percentage of sales in the industrial and other tire market segment. Asia-pacific will account for as much as 90% of growth through 2015 in terms of volume.

Tires for use in other sectors – such as for airplanes, mining equipment, agriculture, and construction – as well as services around tires (repair, replace, etc.) will also contribute to overall industry growth. Tires used in these sectors account for less of the global tire market than motorcycle and bicycle tires. Asia-Pacific is set to witness the fastest rate of growth through 2015, with China representing almost 65% of world tire output volume gains through to 2015. Tire market growth in this region will benefit from foreign investment in tire manufacturing. Industry players will continue to move to the Asia-Pacific region due to room to boost local market sales together with the low cost of labor throughout the region.

Regional Tire Market Share

The global tire industry has been negatively impacted by the economic recession, with the EU market facing significant challenges through 2015. As the market is mature, there is unlikely to be much change over coming years. Industry players will seek to boost sales through new product distribution opportunities and by improving their product mix. MarketLine underlines the importance of new 2012 tire labeling legislation in determining how specific players will fare in the EU tire market. Eastern and Northern Europe represent the region with the best growth potential. Ukraine’s tire market witnessed 12% growth in 2011.

India’s tire market is expected to witness 12% yearly growth between 2011 and 2015, according to research from TechNavio. Market growth will be driven by rising demand for automobile products. Obstacles to growth in the Indian tire industry include rising raw material prices. Leading players currently operating in India’s tire market include CEAT, Apollo Tyres, MRF, and Tyre and Industries.

Saudi Arabia’s tire market continues to grow due to rising rates of automobile ownership, increasing GDP and a booming used-car industry, reports TechSci Research. Global tire industry gains exceeded the $150 billion market in 2011.

Asia-Pacific leads the global tire market, with more than 50% of worldwide sales in 2010, reports Freedonia. Moreover, the Asia-Pacific region is expected to record the highest tire demand growth through 2015. China’s tire market accounted for over 25% of global demand in 2010 and is expected to record the highest gains through 2015. Most of China’s tire demand is for non-motor vehicle tires, though the country represents the second-highest sales of motor vehicle tires after the US.

Read more »

Share
24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 1700 reports

Global Tire Industry - Forecast

  • November 2016
    53 pages
  • Tire  

  • World  

View report >

Tire Industry in the US

  • March 2017
    125 pages
  • Tire  

  • United States  

View report >

Tire Industry in Europe - Forecast

  • January 2017
    34 pages
  • Tire  

    Rubber  

  • Europe  

View report >

Tire Industry in Asia

  • January 2015
    6 pages
  • Tire  

  • Asia  

    Thailand  

View report >

The future of the Tire Industry in Japan

  • March 2017
    7 pages
  • Tire  

    Motor Vehicle  

  • Japan  

    Asia  

    World  

View report >

Tire Industry in France

  • February 2017
    9 pages
  • Tire  

    Farming  

  • France  

    Europe  

View report >

Tire Industry in Europe and Germany

  • February 2016
    27 pages
  • Tire  

  • Europe  

    Germany  

View report >

Tire Industry in the UK

  • June 2016
    22 pages
  • Tire  

  • United Kingdom  

View report >

Tire Industry in the US and Canada - Forecast

  • March 2017
    16 pages
  • United States  

    Canada  

View report >

Tire Markets in Russia

  • January 2016
    35 pages
  • Tire  

    Auto Tire  

  • Russian Federat...  

View report >

Search in Tire Industry (About 1700 reports)
Parent industry: Automotive
Related industries: Road Transport, Auto Part, Auto Aftermarket, Auto Retail, Road Safety, Motor Vehicle, Auto Services

About 600 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 87 - $ 6531)

Tire Reinforcement Materials: Technologies and Global Markets

Tire Reinforcement Materials: Technologies and Global Markets

  • $ 6650
  • Industry report
  • January 2017
  • by BCC Research

Use this report to: - Analyze the technologies and markets in the steel fiber and tire industries that influence demand for and development of tire reinforcement materials. - Gain insight into international ...

Tires Market For Oe & Replacement By Rim Size, Replacem ...

March 2017 $ 5650

Africa Tire Market Forecast & Opportunities, 2012 - 202 ...

February 2017 $ 5000

Global Two-wheeler Tire Market- By Vehicle Type, By Reg ...

January 2017 $ 5000

Global Winter Tire Market Forecast & Opportunities, 202 ...

March 2017 $ 4400

Global Carbon Black Market - Segmented By Type, Applica ...

February 2017 $ 4250

Global Automotive Tires Market (2017 - 2022)

February 2017 $ 4250

Global Agriculture Tire Market- By Type, Application, C ...

January 2017 $ 4250

Global Aircraft Tires Market - Growth, Trends And Forec ...

January 2017 $ 4250

Global High Performance Tire Market - Trends And Foreca ...

January 2017 $ 4250

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.