Global Winter Tire Market Growth 2019-2024

SKU ID : LPI- 13129411

Publishing Date : 22-Feb-2019

No. of pages : 162

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  • Winter tires are tires designed for use in colder weather, snow and ice. Winter tires have more sipes than summer tires, increasing traction on snow and ice. Tires designed for winter conditions are optimized to drive at temperatures below 7 °C (45 °F). They are an alternative to the use of snow chains.
    Winter tires are usually tires with a different rubber composition from all-weather (all-season) tires. Cold-weather tires include a greater percentage of natural rubber and silica so there is not as much hardening as found in synthetic rubber in cold conditions: they provide better traction at lower temperatures. Winter tires provide more small-tread areas, increasing traction on snow and, in wet conditions, allowing water to escape from under the tire more easily. This reduces the risk of hydroplaning. Snow/winter tires start to perform better than summer or all-season tires if temperature falls below 7C (45F), as the rubber compounds in the latter harden resulting to decreasing grip even on dry pavement Interestingly one achieves maximum grip on packed snow if the slippage/wheel spinis 40-50%, i.e. one should turn off the traction control in most modern cars for maximum traction.
    Studded tires with metal pins that protrude from the tire can greatly reduce skidding and accidents on snow or ice-covered roads. In much of Scandinavia, Canada, and the US, winter tires may have metal studs to improve grip on packed snow or ice, but such tires are prohibited in certain other jurisdictions because of the damage they cause to the road surface.
    A tire is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Most tires, such as those for automobiles and bicycles, provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.
    The materials of modern pneumatic tires are synthetic rubber, natural rubber, fabric and wire, along with carbon black and other chemical compounds.
    As for the global Winter Tire industry, the industry structure is relatively dispersion. The top 19 manufacturers occupied 75% of market share. The top five manufacturers are Bridgestone, Michelin, Continental, Goodyear and Nokian Tyres which are close to 47% totally in 2016. The Bridgestone, which has 12.32% market share in 2016, is the leader in the Winter Tire industry. The manufacturers following Bridgestone are Michelin and Continental, which respectively has 10.93% and 8.72% market share globally.
    The downstream industries of Winter Tire products are Automobile OE industry and Automobile aftermarket industry. In the recent years, with the recovery of global economic, the development of emerging countries, the enlarging expense of China automotive market, the consumption increase of winter tire will be bright.
    We believe winter tire industry relatively mature and have a strong connection with the upstream raw materials and the weather conditions in winter. With the development automobile industry and arise of awareness of traffic safety we tend to believe the future of winter tire will be optimism.

    According to this study, over the next five years the Winter Tire market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Winter Tire business, shared in Chapter 3.

    This report presents a comprehensive overview, market shares, and growth opportunities of Winter Tire market by product type, application, key manufacturers and key regions and countries.

    This study considers the Winter Tire value and volume generated from the sales of the following segments:

    Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    Studded
    Studless
    Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Passenger Tires
    Light Truck/SUV Tires
    Other

    This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
    United States
    Canada
    Mexico
    Brazil
    APAC
    China
    Japan
    Korea
    Southeast Asia
    India
    Australia
    Europe
    Germany
    France
    UK
    Italy
    Russia
    Spain
    Middle East & Africa
    Egypt
    South Africa
    Israel
    Turkey
    GCC Countries

    The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    Bridgestone
    Michelin
    Continental
    Goodyear
    Nokian Tyres
    Hankook
    Nizhnekamskshina
    Pirelli
    Cooper Tire
    Yokohama
    Toyo Tire
    Kumho Tire
    JSC Cordiant
    Zhongce
    GITI Tire
    Triangle
    Apollo
    Cheng Shin
    Nexen Tire

    In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

    Research objectives
    To study and analyze the global Winter Tire consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Winter Tire market by identifying its various subsegments.
    Focuses on the key global Winter Tire manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Winter Tire with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Winter Tire submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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