All-Weather Tire Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The usage of all-season tires is intended for temperatures over 7 degrees Celsius. Due to its suitability for the majority of locations and seasons worldwide, all-season tires are widely used on all types of vehicles, with the exception of colder regions where they are switched out for winter tires in December and January. Winter tires are used in place of all-weather tires during the colder months. Additionally, all-weather tires may function in temperatures as low as 7 degrees Celsius, therefore those who live in colder climates favor all-weather tires over all-season tires to reduce the expense of car ownership and save the inconvenience of rotating the tires. The market for All-Season tires and vehicle sales are being driven by an increase in car ownership in developing nations as a result of rising transportation demand and consumer purchase parity. Because used cars are becoming more popular and vehicles are being kept for longer, there is an increase in the need for aftermarket tires, which in turn drives up the market for all-season tires.

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According to UnivDatos Market Insights (UMI)’ research report “All-Weather Tire Market”, the market is expected to witness a CAGR growth of around ~5% during the forecast period 2021-2027F. The global All-Weather Tire Market is experiencing significant growth due to the increased vehicle production & sales along with stringent government regulations towards tire labeling.

Based on rim size, the market is segmented into 12’’–17’’, 18’’–21’’, and >22’’. The 18’’–21’’ segment is expected to dominate the market during the forecasted period 2021-2027. Since these tires have a reduced profile, they may be driven across terrain and potholes with adequate clearance. Additionally, it causes the suspension to fully compress and rebound. The growth of this market will be fueled by all of these factors

Based on the carrier type, the market is segmented into Passenger Cars and Commercial Vehicles. The Passenger Cars segment is expected to dominate the market during the forecasted period. The growth of the category is anticipated to be fueled by factors like rising consumer disposable income and higher passenger automobile sales in nations like China and India

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Based on the sales channel, the market is segmented into OEM and Aftersales. The Aftersales segment is expected to dominate the market during the forecasted period. The annual tire replacements carried out in each nation and region are represented by the aftermarket distribution channel in this instance. Additionally, it is anticipated that the proportion of aftermarket tires in the worldwide market would rise as a result of the rise in distributors, retailers, and online channel partners offering competitive rates

The Asia Pacific to Grab Lion’s Share

In 2020, the market's highest share belonged to the Asia Pacific. The market is anticipated to rise as a result of factors including rising passenger car sales in nations with harsh climates like China and India and expanding aftermarket industries in the area. Due to the fast expansion of the automobile sector in nations like China, India, and Japan, the Asia-Pacific region is home to one of the largest automotive aftermarkets. Tire consumption has increased in the area due to a number of factors, including an increase in construction activity, industrial expansion, and the desire for fuel-efficient technology. The area takes pride in the availability of numerous raw material suppliers, low labor prices, and helpful government regulations in nations like China, Japan, and South Korea. The agricultural industry is also predicted to have a significant demand for all-weather tires because these nations place a lot of emphasis on it.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global All-Weather Tire Market include Michelin Group, Bridgestone Corporation, Continental AG, Yokohama Rubber Co., Ltd., The Goodyear Tire & Rubber Co., Sumitomo Rubber Industries, Ltd., Kumho Tire Co. Inc., Nokian Tyres plc, Hankook Tire and Technology Co. Ltd., Pirelli & C.S.p.A.

·       In Feb. 2022, Continental launched the ContiRV20 All Season for airport ground handling vehicles. The tire ensures maximum ground contact and traction in all weather conditions, says Conti, allowing it to support industrial activities year-round and maximize logistical performance

“Global All-Weather Tire Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.     By Rim Size (12’’–17’’, 18’’–21’’, and >22’’)

2.     By Vehicle Type (Passenger Cars and Commercial Vehicles)

3.     By Sales Channel (OEM and Aftermarket)

4.     By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)

5.     By Company (Michelin Group, Bridgestone Corporation, Continental AG, Yokohama Rubber Co., Ltd., The Goodyear Tire & Rubber Co., Sumitomo Rubber Industries, Ltd., Kumho Tire Co. Inc., Nokian Tyres plc, Hankook Tire and Technology Co. Ltd., Pirelli & C.S.p.A.)

Key questions answered in the study:

1.     What are the current and future trends of the Global All-Weather Tire industry?

2.     How the industry has been evolving in terms of end-user demand and product category?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the Global All-Weather Tire industry?

5.     What is the customer orientation, purchase behavior, and expectations from the Global All-Weather Tire suppliers across various countries?  

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 ALL-WEATHER TIRE MARKET COVID-19 IMPACT

6 ALL-WEATHER TIRE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY RIM SIZE

8 MARKET INSIGHTS BY VEHICLE TYPE

9 MARKET INSIGHTS BY SALES CHANNEL

10 MARKET INSIGHTS BY REGION

11 ALL-WEATHER TIRE MARKET DYNAMICS

12 ALL-WEATHER TIRE MARKET OPPORTUNITIES

13 ALL-WEATHER TIRE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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