Tire is in a variety of vehicles or machinery assembled on the ground rolling ring elastic rubber products. Usually mounted on metal rims, it can support the body, cushion the external impact, achieve contact with the road and ensure the vehicle performance. Tires are often used under complex and harsh conditions. They bear various deformation, load, force and high and low temperature when driving, so they must have higher bearing capacity, traction capacity and buffer capacity. At the same time, it also requires high wear resistance and flexural resistance, as well as low rolling resistance and thermogenesis. Half of the world's rubber consumption in tire production, tire consumption capacity can be seen.
This report contains market size and forecasts of Tires in global, including the following market information:
Global Tires Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Tires Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Tires companies in 2021 (%)
The global Tires market was valued at 23470 million in 2021 and is projected to reach US$ 28810 million by 2028, at a CAGR of 3.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Radial Tires Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Tires include Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook and Cooper, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Tires manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Tires Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tires Market Segment Percentages, by Type, 2021 (%)
Radial Tires
Bias Tires
Global Tires Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tires Market Segment Percentages, by Application, 2021 (%)
Limousine
Truck
Motocycle
Airplane
Others
Global Tires Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tires Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tires revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Tires revenues share in global market, 2021 (%)
Key companies Tires sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Tires sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Michelin
Bridgestone
Goodyear
Continental
Sumitomo Rubber Group
Pirelli
Yokohama Rubber
Hankook
Cooper
Kumho Tire
Toyo Tire &Rubber
Apollo Tyres
MRF
NOKIAN
Cheng Shin Tire
Hangzhou Zhongce Rubber
Triangle Tire
Linglong Tire
Aeolus Tire
Shanghai Huayi Group Corporation Limited (Originally Double Coin)
Jiangsu General Science Technology Co, Ltd.
Guizhou Tire
Qingdao Double Star
Xingyuan
Sailun Jinyu Group Co, Ltd
Giti Tire
Shengtai Group
Prinx Chengshan (Shandong) Tire Co, Ltd