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Automotive Winter Tyre Market Report and Forecast 2024-2032

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    Report

  • 205 Pages
  • May 2024
  • Region: Global
  • Expert Market Research
  • ID: 5973841
According to the report, the global automotive winter tyre market size reached a value of USD 24.3 billion in 2023. Aided by the changing weather patterns, stringent safety regulations, and the growing awareness of the importance of seasonal tyre usage, the market is projected to further grow at a CAGR of 4.7% between 2024 and 2032 to reach a value of USD 36.85 billion by 2032.

Winter tyres, also known as snow tyres, are specialised tyres designed to enhance traction, grip, and control in cold weather conditions, including snow, ice, and slush. Engineered with unique tread patterns, rubber compounds, and sipping technologies, winter tyres offer superior performance and safety compared to all-season tyres in low-temperature environments, making them indispensable for drivers navigating winter road conditions.

The automotive winter tyre market growth is underpinned by several key drivers. Changing weather patterns and the increasing frequency of extreme weather events, attributed to climate change, have heightened the importance of seasonal tyre usage, driving demand for winter tyres among motorists seeking enhanced safety and performance during the winter months.

Moreover, stringent safety regulations and guidelines mandating the use of winter tyres or snow chains in regions prone to winter weather conditions have fuelled market growth. In countries such as Canada, Sweden, and Germany, where winter tyres are legally required during certain periods, government initiatives aimed at promoting road safety and reducing accidents have contributed to higher adoption rates of winter tyres among drivers.

The market is characterised by a wave of technological innovations and advancements aimed at enhancing tyre performance, durability, and safety. Manufacturers are investing in research and development initiatives to develop innovative tread designs, rubber compounds, and materials that optimize traction, braking, and handling on snow-covered and icy road surfaces, leading to automotive winter tyre market development.

Furthermore, the adoption of advanced manufacturing techniques such as computer-aided design (CAD), finite element analysis (FEA), and 3D printing is enabling the production of winter tyres with optimized tread patterns, reduced rolling resistance, and improved fuel efficiency. Additionally, the integration of smart tyre technologies such as tyre pressure monitoring systems (TPMS) and electronic stability control (ESC) systems enhances driver safety and vehicle stability in adverse weather conditions.

The increasing popularity of electric and hybrid passenger cars is driving the need for winter tyres that can cater to the specific requirements of these vehicles. Electric and hybrid cars are typically heavier due to their battery packs, which means they require tyres that offer excellent wet grip and can perform well on snow or ice. As a result, there is a growing demand for high-quality automotive winter tyres that can provide the necessary traction on slippery surfaces. Some car owners choose non-studded and low rolling resistance winter tyres for enhanced comfort and fuel efficiency, leading to automotive winter tyre market expansion.

The market reflects diverse trends and dynamics across different geographical regions. Northern Hemisphere regions characterised by cold climates and heavy snowfall, such as North America, Europe, and parts of Asia, represent key markets for winter tyres, driven by the seasonal demand for traction and grip in winter driving conditions.

As per the automotive winter tyre market analysis, regions with milder climates and limited snowfall, such as Southern Europe, Latin America, and the Middle East, exhibit lower adoption rates of winter tyres, with drivers typically opting for all-season tyres year-round. However, government initiatives, changing weather patterns, and increasing awareness of the benefits of winter tyres are gradually driving market growth in these regions, presenting opportunities for manufacturers and suppliers.

Market Segmentation

The market can be divided based on the tyre type, rim size, vehicle type, sales channel, and region

Market Breakup by Tyre Type

  • Studded
  • Non-Studded

Market Breakup by Rim Size

  • 12 Inch to 17 Inch
  • 18 Inch to 21 Inch
  • Above 22 Inch

Market Breakup by Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Market Breakup by Sales Channel

  • OEM
  • Aftermarket

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global automotive winter tyre market. Some of the major players explored in the report are as follows:
  • Continental AG
  • Bridgestone Corporation
  • Yokohama Rubber Co. Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • Apollo Tyres Ltd.
  • Michelin Group
  • Pirelli & C. S.p.A.
  • Hankook Tyre & Technology Co. Ltd.
  • The Goodyear Tyre & Rubber Company
  • Cooper Tyre & Rubber Company
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Winter Tyre Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Winter Tyre Historical Market (2018-2023)
8.3 Global Automotive Winter Tyre Market Forecast (2024-2032)
8.4 Global Automotive Winter Tyre Market by Tyre Type
8.4.1 Studded
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-Studded
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Automotive Winter Tyre Market by Rim Size
8.5.1 12 Inch to 17 Inch
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 18 Inch to 21 Inch
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Above 22 Inch
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Automotive Winter Tyre Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Light Commercial Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Heavy Commercial Vehicles
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Winter Tyre Market by Sales Channel
8.7.1 OEM
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Aftermarket
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Automotive Winter Tyre Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Automotive Winter Tyre Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Winter Tyre Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Winter Tyre Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Winter Tyre Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Winter Tyre Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Continental AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bridgestone Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Yokohama Rubber Co. Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sumitomo Rubber Industries, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Apollo Tyres Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Michelin Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Pirelli & C. S.p.A.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Hankook Tyre & Technology Co. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 The Goodyear Tyre & Rubber Company
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Cooper Tyre & Rubber Company
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Winter Tyre Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Winter Tyre Historical Market: Breakup by Tyre Type (USD Billion), 2018-2023
3. Global Automotive Winter Tyre Market Forecast: Breakup by Tyre Type (USD Billion), 2024-2032
4. Global Automotive Winter Tyre Historical Market: Breakup by Rim Size (USD Billion), 2018-2023
5. Global Automotive Winter Tyre Market Forecast: Breakup by Rim Size (USD Billion), 2024-2032
6. Global Automotive Winter Tyre Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Automotive Winter Tyre Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Automotive Winter Tyre Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
9. Global Automotive Winter Tyre Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
10. Global Automotive Winter Tyre Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Automotive Winter Tyre Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Automotive Winter Tyre Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Automotive Winter Tyre Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Automotive Winter Tyre Market Structure

Companies Mentioned

  • Continental AG
  • Bridgestone Corporation
  • Yokohama Rubber Co. Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • Apollo Tyres Ltd.
  • Michelin Group
  • Pirelli & C. S.p.A.
  • Hankook Tyre & Technology Co. Ltd.
  • The Goodyear Tyre & Rubber Company
  • Cooper Tyre & Rubber Company

Methodology

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Table Information