LAMEA Racing Tires Market Size, Share & Trends Analysis Report By Tire Type, By Application, By Distribution Channel, By Country and Growth Forecast, 2023 - 2030

PUBLISHED: March 14, 2024

PAGES: 115 Pages

DELIVERY TIME: 1-2 business days

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The Latin America, Middle East and Africa Racing Tires Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).

The Brazil market dominated the LAMEA Racing Tires Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $339.7 Thousands by 2030. The Argentina market is showcasing a CAGR of 7.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.5% during (2023 - 2030).

Beyond electrification, the market has responded to the surge in interest in autonomous vehicle technologies. Autonomous racing events, where human intervention is minimized, have emerged as a fascinating frontier, prompting its manufacturers to innovate and adapt to the distinctive demands of these cutting-edge vehicles.

Additionally, the transition to autonomous racing introduces a host of unique demands on this, requiring manufacturers to rethink traditional tire designs and performance parameters. Unlike human drivers who can adapt their driving style in real-time, autonomous vehicles follow pre-programmed algorithms, necessitating tires that can handle the nuances of automated decision-making with precision.

As per the data from the Government of Saudi Arabia, the Ministry of Sport, alongside the Ministry of Culture and with the contribution of "Formula 1," launched on Wednesday, the 23rd of June 2021, the "Race with Art" contest. Professional and amateur Saudi abstract artists were invited to submit works for the "Saudi Arabian Grand Prix," held at Jeddah Waterfront.

Based on Tire Type, the market is segmented into Racing Slick Tires, and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires, and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires, and OEMs. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

Bridgestone Corporation
Continental AG
Michelin
Hankook Tire & Technology
Pirelli & C. S.p.A.
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co., Ltd.
Zhongce Rubber Group Co., Limited
Nexen Tire
Maxxis International USA (Cheng Shin Rubber Industry Co.)

LAMEA Racing Tires Market Report Segmentation

By Tire Type

Racing Slick Tires
Racing Treaded Tires

By Application

Auto Racing Tires
Motorcycle Racing Tires

By Distribution Channel

Replacement Tires
OEMs

By Country

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1LAMEA Racing Tires Market, by Tire Type
- 1.4.2LAMEA Racing Tires Market, by Application
- 1.4.3LAMEA Racing Tires Market, by Distribution Channel
- 1.4.4LAMEA Racing Tires Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter Five Forces Analysis

Chapter 4.Strategies Deployed in Racing Tires Market

Chapter 5.LAMEA Racing Tires Market, By Tire Type

5.1LAMEA Racing Slick Tires Market, By Country
5.2LAMEA Racing Treaded Tires Market, By Country

Chapter 6.LAMEA Racing Tires Market, By Application

6.1LAMEA Auto Racing Tires Market, By Country
6.2LAMEA Motorcycle Racing Tires Market, By Country

Chapter 7.LAMEA Racing Tires Market, By Distribution Channel

7.1LAMEA Replacement Tires Market, By Country
7.2LAMEA OEMs Market, By Country

Chapter 8.LAMEA Racing Tires Market, By Country

8.1Brazil Racing Tires Market
- 8.1.1Brazil Racing Tires Market, By Tire Type
- 8.1.2Brazil Racing Tires Market, By Application
- 8.1.3Brazil Racing Tires Market, By Distribution Channel
8.2Argentina Racing Tires Market
- 8.2.1Argentina Racing Tires Market, By Tire Type
- 8.2.2Argentina Racing Tires Market, By Application
- 8.2.3Argentina Racing Tires Market, By Distribution Channel
8.3UAE Racing Tires Market
- 8.3.1UAE Racing Tires Market, By Tire Type
- 8.3.2UAE Racing Tires Market, By Application
- 8.3.3UAE Racing Tires Market, By Distribution Channel
8.4Saudi Arabia Racing Tires Market
- 8.4.1Saudi Arabia Racing Tires Market, By Tire Type
- 8.4.2Saudi Arabia Racing Tires Market, By Application
- 8.4.3Saudi Arabia Racing Tires Market, By Distribution Channel
8.5South Africa Racing Tires Market
- 8.5.1South Africa Racing Tires Market, By Tire Type
- 8.5.2South Africa Racing Tires Market, By Application
- 8.5.3South Africa Racing Tires Market, By Distribution Channel
8.6Nigeria Racing Tires Market
- 8.6.1Nigeria Racing Tires Market, By Tire Type
- 8.6.2Nigeria Racing Tires Market, By Application
- 8.6.3Nigeria Racing Tires Market, By Distribution Channel
8.7Rest of LAMEA Racing Tires Market
- 8.7.1Rest of LAMEA Racing Tires Market, By Tire Type
- 8.7.2Rest of LAMEA Racing Tires Market, By Application
- 8.7.3Rest of LAMEA Racing Tires Market, By Distribution Channel

Chapter 9.Company Profiles

9.1Bridgestone Corporation
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental Analysis
- 9.1.4Recent strategies and developments:
  - 9.1.4.1Product Launches and Product Expansions:
- 9.1.5SWOT Analysis
9.2Continental AG
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
  - 9.2.5.1Partnerships, Collaborations, and Agreements:
  - 9.2.5.2Product Launches and Product Expansions:
- 9.2.6SWOT Analysis
9.3Michelin
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4SWOT Analysis
9.4Hankook Tire & Technology
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Regional Analysis
- 9.4.4Recent strategies and developments:
  - 9.4.4.1Partnerships, Collaborations, and Agreements:
  - 9.4.4.2Acquisition and Mergers:
- 9.4.5SWOT Analysis
9.5Pirelli & C. S.p.A.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Regional Analysis
- 9.5.4Research & Development Expenses
- 9.5.5Recent strategies and developments:
  - 9.5.5.1Partnerships, Collaborations, and Agreements:
  - 9.5.5.2Product Launches and Product Expansions:
- 9.5.6SWOT Analysis
9.6The Goodyear Tire & Rubber Company
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5Recent strategies and developments:
  - 9.6.5.1Partnerships, Collaborations, and Agreements:
- 9.6.6SWOT Analysis
9.7The Yokohama Rubber Co., Ltd.
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental Analysis
- 9.7.4Recent strategies and developments:
  - 9.7.4.1Partnerships, Collaborations, and Agreements:
- 9.7.5SWOT Analysis
9.8Zhongce Rubber Group Co., Limited
- 9.8.1Company Overview
- 9.8.2SWOT Analysis
9.9Nexen Tire
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3SWOT Analysis
9.10.Maxxis International-USA (Cheng Shin Rubber Industry Co.)
- 9.10.1Company Overview
- 9.10.2SWOT Analysis

LIST OF TABLES

TABLE 1LAMEA Racing Tires Market, 2019 - 2022, USD Million
TABLE 2LAMEA Racing Tires Market, 2023 - 2030, USD Million
TABLE 3LAMEA Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 4LAMEA Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 5LAMEA Racing Slick Tires Market, By Country, 2019 - 2022, USD Million
TABLE 6LAMEA Racing Slick Tires Market, By Country, 2023 - 2030, USD Million
TABLE 7LAMEA Racing Treaded Tires Market, By Country, 2019 - 2022, USD Million
TABLE 8LAMEA Racing Treaded Tires Market, By Country, 2023 - 2030, USD Million
TABLE 9LAMEA Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 10LAMEA Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 11LAMEA Auto Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 12LAMEA Auto Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 13LAMEA Motorcycle Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 14LAMEA Motorcycle Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 15LAMEA Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 16LAMEA Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 17LAMEA Replacement Tires Market, By Country, 2019 - 2022, USD Million
TABLE 18LAMEA Replacement Tires Market, By Country, 2023 - 2030, USD Million
TABLE 19LAMEA OEMs Market, By Country, 2019 - 2022, USD Million
TABLE 20LAMEA OEMs Market, By Country, 2023 - 2030, USD Million
TABLE 21LAMEA Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 22LAMEA Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 23Brazil Racing Tires Market, 2019 - 2022, USD Million
TABLE 24Brazil Racing Tires Market, 2023 - 2030, USD Million
TABLE 25Brazil Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 26Brazil Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 27Brazil Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 28Brazil Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 29Brazil Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 30Brazil Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 31Argentina Racing Tires Market, 2019 - 2022, USD Million
TABLE 32Argentina Racing Tires Market, 2023 - 2030, USD Million
TABLE 33Argentina Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 34Argentina Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 35Argentina Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 36Argentina Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 37Argentina Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 38Argentina Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 39UAE Racing Tires Market, 2019 - 2022, USD Million
TABLE 40UAE Racing Tires Market, 2023 - 2030, USD Million
TABLE 41UAE Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 42UAE Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 43UAE Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 44UAE Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 45UAE Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 46UAE Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 47Saudi Arabia Racing Tires Market, 2019 - 2022, USD Million
TABLE 48Saudi Arabia Racing Tires Market, 2023 - 2030, USD Million
TABLE 49Saudi Arabia Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 50Saudi Arabia Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 51Saudi Arabia Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 52Saudi Arabia Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 53Saudi Arabia Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 54Saudi Arabia Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 55South Africa Racing Tires Market, 2019 - 2022, USD Million
TABLE 56South Africa Racing Tires Market, 2023 - 2030, USD Million
TABLE 57South Africa Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 58South Africa Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 59South Africa Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 60South Africa Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 61South Africa Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 62South Africa Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 63Nigeria Racing Tires Market, 2019 - 2022, USD Million
TABLE 64Nigeria Racing Tires Market, 2023 - 2030, USD Million
TABLE 65Nigeria Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 66Nigeria Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 67Nigeria Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 68Nigeria Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 69Nigeria Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 70Nigeria Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 71Rest of LAMEA Racing Tires Market, 2019 - 2022, USD Million
TABLE 72Rest of LAMEA Racing Tires Market, 2023 - 2030, USD Million
TABLE 73Rest of LAMEA Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 74Rest of LAMEA Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 75Rest of LAMEA Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 76Rest of LAMEA Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 77Rest of LAMEA Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 78Rest of LAMEA Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 79Key Information - Bridgestone Corporation
TABLE 80Key Information - Continental AG
TABLE 81Key Information - Michelin
TABLE 82Key Information - Hankook Tire & Technology
TABLE 83Key Information - Pirelli & C. S.p.A.
TABLE 84Key Information - The Goodyear Tire & Rubber Company
TABLE 85Key Information - The Yokohama Rubber Co., Ltd.
TABLE 86Key Information - Zhongce Rubber Group Co., Limited
TABLE 87Key Information - Nexen Tire
TABLE 88Key Information - Maxxis International-USA