Pneumatic Tire Market Size, Share & Trends Analysis Report By Product (Radial, Cross-ply), By Vehicles (2-Wheelers, 4-Wheelers, Aircrafts), By Sales (OEM, Replacement), By Region, And Segment Forecasts, 2024

Description

Pneumatic Tire Market Growth & Trends:

The global pneumatic tire market size is expected to reach USD 503.0 billion by 2030, registering to grow at a CAGR of 4.3% from 2024 to 2030 according to a new report by Grand View Research, Inc. Increasing product use in automotive and aerospace sector on account of various advantages such as long shelf life, resistance to cuts, punctures and tears is expected to have a positive impact on the industry over the next seven years

Various factors including changing lifestyle of consumers and rising disposable income have been increasing spending on two and four-wheelers such as SUV's, passenger and sports cars which in turn is expected to drive product's need over the next seven years.

Increasing automotive sales in developing countries, India, China, and Indonesia is expected to propel growth over the next seven years. After China, India is projected to be the fastest-growing country as the Government has allowed 100% FDI in the automotive sector. This factor is expected to augment product demand over the forecast period.

Pneumatic tire manufacturing requires low technical complexity and high initial infrastructure investment. Technological advancements and ongoing product innovation to increase yield of raw materials and reduce cost of the manufacturing process will create immense potential over the next seven years. However, raw material availability and price volatility coupled with increasing number of substitutes will challenge growth over the next seven years.

Pneumatic Tire Market Report Highlights:

The radial segment dominated the market and accounted for a share of 70.0% in 2023. The increased flexibility and reduced rolling resistance of radial tires result in improved fuel efficiency, making them a preferred choice for both passenger vehicles and commercial trucks.
The aircraft segment is expected to grow fastest at a CAGR of 6.5% from 2024 to 2030. This rapid growth is driven by the expansion of the global aviation industry, characterized by increasing passenger traffic and the proliferation of low-cost carriers. The demand for new aircraft to accommodate this growth directly translates to a higher demand for high-performance pneumatic tires capable of withstanding extreme conditions and ensuring safety during takeoff, landing, and taxiing.
The replacement segment dominated the market in 2023. The growing number of vehicles on the road globally and the increasing awareness among consumers regarding the importance of tire maintenance for safety and performance have significantly contributed to the segment's revenue.
The North American pneumatic tire market witnessed significant growth in 2023. This growth is driven by several factors, including a surge in commercial vehicle production, continuous technological advancements within the industry, and strategic collaborations and partnerships forged by market participants to solidify their competitive edge.

Product Code: 978-1-68038-658-5

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Global Pneumatic Tire Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Global Pneumatic Tire Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Global Pneumatic Tire Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Global Pneumatic Tire Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
4.3. Radial
- 4.3.1. Radial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Cross-ply
- 4.4.1. Cross-ply Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 5. Global Pneumatic Tire Market: Vehicle Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Global Pneumatic Tire Market: Vehicle Movement Analysis, 2023 & 2030 (USD Billion)
5.3. Two-wheelers
- 5.3.1. Two-wheelers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Four-wheelers
- 5.4.1. Four-wheelers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. Aircrafts
- 5.5.1. Aircrafts Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 6. Global Pneumatic Tire Market: Sales Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Global Pneumatic Tire Market: Sales Movement Analysis, 2023 & 2030 (USD Billion)
6.3. OEM
- 6.3.1. OEM Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Replacement
- 6.4.1. Replacement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 7. Market: Regional Estimates & Trend Analysis

7.1. Global Pneumatic Tire Market Share, By Region, 2023 & 2030, USD Billion
7.2. North America
- 7.2.1. North America Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
  - 7.2.3.1. Canada Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3. Europe
- 7.3.1. Europe Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. UK
  - 7.3.2.1. UK Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Germany
  - 7.3.3.1. Germany Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
  - 7.3.4.1. France Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5. Spain
  - 7.3.5.1. Spain Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6. Czech Republic
  - 7.3.6.1. Czech Republic Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4. Asia Pacific
- 7.4.1. Asia Pacific Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
  - 7.4.2.1. China Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. Japan
  - 7.4.3.1. Japan Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. India
  - 7.4.4.1. India Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. South Korea
  - 7.4.5.1. South Korea Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. Thailand
  - 7.4.6.1. Thailand Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.5. Latin America
- 7.5.1. Latin America Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3. Argentina
  - 7.5.3.1. Argentina Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Morocco
  - 7.6.2.1. Morocco Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. South Africa
  - 7.6.3.1. South Africa Pneumatic Tire Market Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Medtronic
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Johnson & Johnson Services, Inc.
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. GE HealthCare.
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Koninklijke Philips N.V.
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Schiller AG
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Spacelabs Healthcare
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. AliveCor, Inc.
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. ACS Diagnostics.
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Allengers
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.11. Hill-Rom Services, Inc. (Baxter)
  - 8.4.11.1. Participant's Overview
  - 8.4.11.2. Financial Performance
  - 8.4.11.3. Product Benchmarking
  - 8.4.11.4. Recent Developments/ Strategic Initiatives
- 8.4.12. NIHON KOHDEN CORPORATION.
  - 8.4.12.1. Participant's Overview
  - 8.4.12.2. Financial Performance
  - 8.4.12.3. Product Benchmarking
  - 8.4.12.4. Recent Developments/ Strategic Initiatives
- 8.4.13. MICHELIN.
  - 8.4.13.1. Participant's Overview
  - 8.4.13.2. Financial Performance
  - 8.4.13.3. Product Benchmarking
  - 8.4.13.4. Recent Developments/ Strategic Initiatives
- 8.4.14. Continental AG
  - 8.4.14.1. Participant's Overview
  - 8.4.14.2. Financial Performance
  - 8.4.14.3. Product Benchmarking
  - 8.4.14.4. Recent Developments/ Strategic Initiatives
- 8.4.15. Bridgestone Corporation
  - 8.4.15.1. Participant's Overview
  - 8.4.15.2. Financial Performance
  - 8.4.15.3. Product Benchmarking
  - 8.4.15.4. Recent Developments/ Strategic Initiatives
- 8.4.16. The Goodyear Tire & Rubber Company;
  - 8.4.16.1. Participant's Overview
  - 8.4.16.2. Financial Performance
  - 8.4.16.3. Product Benchmarking
  - 8.4.16.4. Recent Developments/ Strategic Initiatives
- 8.4.17. Hankook Tire & Technology.
  - 8.4.17.1. Participant's Overview
  - 8.4.17.2. Financial Performance
  - 8.4.17.3. Product Benchmarking
  - 8.4.17.4. Recent Developments/ Strategic Initiatives
- 8.4.18. THE YOKOHAMA RUBBER CO., LTD.
  - 8.4.18.1. Participant's Overview
  - 8.4.18.2. Financial Performance
  - 8.4.18.3. Product Benchmarking
  - 8.4.18.4. Recent Developments/ Strategic Initiatives
- 8.4.19. KUMHO TIRE CO., INC.
  - 8.4.19.1. Participant's Overview
  - 8.4.19.2. Financial Performance
  - 8.4.19.3. Product Benchmarking
  - 8.4.19.4. Recent Developments/ Strategic Initiatives

Pneumatic Tire Market Size, Share & Trends Analysis Report By Product (Radial, Cross-ply), By Vehicles (2-Wheelers, 4-Wheelers, Aircrafts), By Sales (OEM, Replacement), By Region, And Segment Forecasts, 2024 - 2030