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Automotive Winter Tire Market 2020-2024

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    Report

  • 120 Pages
  • August 2020
  • Region: Global
  • TechNavio
  • ID: 5146191
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Global Automotive Winter Tire Market 2020-2024

The automotive winter tire market is poised to grow by $ 0.09 billion during 2020-2024 progressing at a CAGR of 1% during the forecast period. The reports on automotive winter tire market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the strong auto sales in cold regions, discounts offered on insurance premium, driving adoption of winter tires, and inclement cold weather and need for proper traction driving adoption of winter tires. In addition, strong auto sales in cold regions is anticipated to boost the growth of the market as well.

The automotive winter tire market analysis includes application segment and geographical landscapes.

The automotive winter tire market is segmented as below:

By Application
  • Passenger cars
  • Commercial vehicles

By Geographic Landscapes
  • EMEA
  • Americas
  • APAC

This study identifies the premature breakage of snow chains may drive adoption of winter tire owing to enhanced reliability and efficiency as one of the prime reasons driving the automotive winter tire market growth during the next few years. Also, adoption of nanotechnology to enhance grip and performance in extreme weather conditions and framing of new standards for special winter commercia will lead to sizable demand in the market.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The automotive winter tire market covers the following areas:
  • Automotive winter tire market sizing
  • Automotive winter tire market forecast
  • Automotive winter tire market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive winter tire market vendors that include Bridgestone Corp., Continental AG, Cooper Tire and Rubber Co., Goodyear Rubber Products Inc., Hankook Tire Co. Ltd., MICHELIN, Nokian Tyres Plc, Pirelli Tyre Spa, Toyo Tire Corp., and Yokohama Rubber Co. Ltd.. Also, the automotive winter tire market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.

This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Table of Contents

Executive Summary
  • Market Overview

Market Landscape
  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing
  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis
  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application
  • Market segments
  • Comparison by Application
  • Passenger cars - Market size and forecast 2019-2024
  • Commercial vehicles - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape
Geographic Landscape
  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2019-2024
  • Americas - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape
  • Vendor landscape
  • Landscape disruption

Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • Bridgestone Corp.
  • Continental AG
  • Cooper Tire and Rubber Co.
  • Goodyear Rubber Products Inc.
  • Hankook Tire Co. Ltd.
  • MICHELIN
  • Nokian Tyres Plc
  • Pirelli Tyre Spa
  • Toyo Tire Corp.
  • Yokohama Rubber Co. Ltd.

Appendix
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

List of Exhibits
1: Key Finding 1
2: Key Finding 2
3: Key Finding 3
4: Key Finding 5
5: Key Finding 6
6: Key Finding 7
7: Key Finding 8
8: Parent market
9: Market characteristics
10: Offerings of vendors included in the market definition
11: Market segments
12: Global - Market size and forecast 2019 - 2024 ($ billion)
13: Global market: Year-over-year growth 2019 - 2024 (%)
14: Five forces analysis 2019 & 2024
15: Bargaining power of buyers
16: Bargaining power of suppliers
17: Threat of new entrants
18: Threat of substitutes
19: Threat of rivalry
20: Market condition - Five forces 2019
21: Application - Market share 2019-2024 (%)
22: Comparison by Application
23: Passenger cars - Market size and forecast 2019-2024 ($ billion)
24: Passenger cars - Year-over-year growth 2019-2024 (%)
25: Commercial vehicles - Market size and forecast 2019-2024 ($ billion)
26: Commercial vehicles - Year-over-year growth 2019-2024 (%)
27: Market opportunity by Application
28: Customer landscape
29: Market share by geography 2019-2024 (%)
30: Geographic comparison
31: EMEA - Market size and forecast 2019-2024 ($ billion)
32: EMEA - Year-over-year growth 2019-2024 (%)
33: Americas - Market size and forecast 2019-2024 ($ billion)
34: Americas - Year-over-year growth 2019-2024 (%)
35: APAC - Market size and forecast 2019-2024 ($ billion)
36: APAC - Year-over-year growth 2019-2024 (%)
37: Key leading countries
38: Market opportunity by geography ($ billion)
39: Impact of drivers and challenges
40: Vendor landscape
41: Landscape disruption
42: Industry risks
43: Vendors covered
44: Market positioning of vendors
45: Bridgestone Corp. - Overview
46: Bridgestone Corp. - Business segments
47: Bridgestone Corp. - Key offerings
48: Bridgestone Corp. - Key customers
49: Bridgestone Corp. - Segment focus
50: Continental AG - Overview
51: Continental AG - Business segments
52: Continental AG - Key offerings
53: Continental AG - Key customers
54: Continental AG - Segment focus
55: Cooper Tire and Rubber Co. - Overview
56: Cooper Tire and Rubber Co. - Business segments
57: Cooper Tire and Rubber Co. - Key offerings
58: Cooper Tire and Rubber Co. - Key customers
59: Cooper Tire and Rubber Co. - Segment focus
60: Goodyear Rubber Products Inc. - Overview
61: Goodyear Rubber Products Inc. - Product and service
62: Goodyear Rubber Products Inc. - Key offerings
63: Goodyear Rubber Products Inc. - Key customers
64: Goodyear Rubber Products Inc. - Segment focus
65: Hankook Tire Co. Ltd. - Overview
66: Hankook Tire Co. Ltd. - Product and service
67: Hankook Tire Co. Ltd. - Key offerings
68: Hankook Tire Co. Ltd. - Key customers
69: Hankook Tire Co. Ltd. - Segment focus
70: MICHELIN - Overview
71: MICHELIN - Business segments
72: MICHELIN - Key offerings
73: MICHELIN - Key customers
74: MICHELIN - Segment focus
75: Nokian Tyres Plc - Overview
76: Nokian Tyres Plc - Business segments
77: Nokian Tyres Plc - Key offerings
78: Nokian Tyres Plc - Key customers
79: Nokian Tyres Plc - Segment focus
80: Pirelli Tyre Spa - Overview
81: Pirelli Tyre Spa - Business segments
82: Pirelli Tyre Spa - Key offerings
83: Pirelli Tyre Spa - Key customers
84: Pirelli Tyre Spa - Segment focus
85: Toyo Tire Corp. - Overview
86: Toyo Tire Corp. - Product and service
87: Toyo Tire Corp. - Key offerings
88: Toyo Tire Corp. - Key customers
89: Toyo Tire Corp. - Segment focus
90: Yokohama Rubber Co. Ltd. - Overview
91: Yokohama Rubber Co. Ltd. - Business segments
92: Yokohama Rubber Co. Ltd. - Key offerings
93: Yokohama Rubber Co. Ltd. - Key customers
94: Yokohama Rubber Co. Ltd. - Segment focus
95: Currency conversion rates for US$
96: Research Methodology
97: Validation techniques employed for market sizing
98: Information sources
99: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global automotive winter tire market: Bridgestone Corp., Continental AG, Cooper Tire and Rubber Co., Goodyear Rubber Products Inc., Hankook Tire Co. Ltd., MICHELIN, Nokian Tyres Plc, Pirelli Tyre Spa, Toyo Tire Corp., and Yokohama Rubber Co. Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is premature breakage of snow chains may drive adoption of winter tire owing to enhanced reliability and efficiency."

According to the report, one of the major drivers for this market is the strong auto sales in cold regions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bridgestone Corp.
  • Continental AG
  • Cooper Tire and Rubber Co.
  • Goodyear Rubber Products Inc.
  • Hankook Tire Co. Ltd.
  • MICHELIN
  • Nokian Tyres Plc
  • Pirelli Tyre Spa
  • Toyo Tire Corp.
  • Yokohama Rubber Co. Ltd.