NEW YORK, Sept. 2, 2022 /PRNewswire/ — Premium tires for vehicles are designed and developed to ship superior efficiency and security over typical tires. Reduced rolling resistance, higher street grip, and gasoline economy are some main elements thought of whereas designing and creating premium tires.
The automotive premium tires market dimension is predicted to develop by USD 33.72 bn from 2021 to 2026. In addition, the expansion momentum of the market will speed up at a CAGR of 10.58% throughout the forecast interval.
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Automotive Premium Tires Market 2022-2026: Scope
The automotive premium tires market report covers the next areas:
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Automotive Premium Tires Market 2022-2026: Vendor Landscape and Analysis
The automotive premium tires market is fragmented, and the distributors are deploying progress methods equivalent to increasing their product traces and strengthening their manufacturing capacities to compete in the market. The competitors amongst established gamers is intense. This is compelling distributors to increase their product traces and strengthen their manufacturing capacities. Market distributors use energy-efficient rubber compounds and supplies to improve the efficiency of premium tires. Prominent distributors are differentiating themselves in the market and are participating in M&A to increase their product portfolio for automotive premium tires.
Bridgestone Corp., Continental AG, Hankook Tire and Technology Co. Ltd., Kumho Tire Co. Inc., Michelin North America Inc, NEXEN TIRE Corp., Nokian Tyres Plc, Pirelli Tyre Spa, Shandong Linglong Tyre Co. Ltd., The Goodyear Tire and Rubber Co., Toyo Tire Corp., Yokohama Rubber Co. Ltd., Cheng Shin Rubber Ind. Co. Ltd., Giti Tire Pte. Ltd., MRF Ltd., Shandong Hengfeng Rubber and Plastic Co. Ltd., Triangle Tyres, and Xingyuan Tires Group are amongst among the main market members.
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Automotive Premium Tires Market 2022-2026: Segmentation
- End-user
- Replacement: This phase will be the most important contributor to market progress throughout the forecast interval. Premium tires have a better alternative frequency from put on and tear than typical tires, which is driving the expansion of this phase.
- OEM
- Geography
- North America: This area will account for 38% of the market’s progress throughout the forecast interval. The progress of this phase will be pushed by elements equivalent to increased penetration of TPMS in the automotive market. Moreover, market progress in this area will be quicker than the expansion of the market in different areas. The US is a key nation for the automotive premium tires market in North America.
- APAC
- Europe
- Middle East And Africa
- South America
Automotive Premium Tires Market 2022-2026: Key Highlights
- CAGR of the market throughout the forecast interval 2022-2026
- Detailed info on elements that can help automotive premium tires market progress throughout the subsequent 5 years
- Estimation of the automotive premium tires market dimension and its contribution to the father or mother market
- Predictions on upcoming developments and modifications in client habits
- The progress of the automotive premium tires market
- Analysis of the market’s aggressive panorama and detailed info on distributors
- Comprehensive particulars of things that can problem the expansion of automotive premium tires market distributors
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Automotive Premium Tires Market Scope |
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Report Coverage |
Details |
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Page quantity |
120 |
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Base 12 months |
2021 |
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Forecast interval |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.58% |
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Market progress 2022-2026 |
USD 33.72 billion |
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Market construction |
Fragmented |
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YoY progress (%) |
9.75 |
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Regional evaluation |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 38% |
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Key client nations |
US, China, Japan, Germany, and France |
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Competitive panorama |
Leading firms, aggressive methods, client engagement scope |
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Companies profiled |
Bridgestone Corp., Continental AG, Hankook Tire and Technology Co. Ltd., Kumho Tire Co. Inc., Michelin North America Inc, NEXEN TIRE Corp., Nokian Tyres Plc, Pirelli Tyre Spa, Shandong Linglong Tyre Co. Ltd., The Goodyear Tire and Rubber Co., Toyo Tire Corp., Yokohama Rubber Co. Ltd., Cheng Shin Rubber Ind. Co. Ltd., Giti Tire Pte. Ltd., MRF Ltd., Shandong Hengfeng Rubber and Plastic Co. Ltd., Triangle Tyres, and Xingyuan Tires Group |
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Market Dynamics |
Parent market evaluation, market progress inducers and obstacles, fast-growing and slow-growing phase evaluation, COVID-19 influence and future client dynamics, and market situation evaluation for the forecast interval. |
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Customization purview |
If our report has not included the information that you’re searching for, you may attain out to our analysts and get segments custom-made. |
Browse Consumer Discretionary Market Reports
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of distributors included in the market definition
- 3.2 Market phase evaluation
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year progress 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year progress 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces abstract
- Exhibit 17: Five forces evaluation – Comparison between 2021 and 2026
- 4.2 Bargaining energy of consumers
- Exhibit 18: Chart on Bargaining energy of consumers – Impact of key elements 2021 and 2026
- 4.3 Bargaining energy of suppliers
- Exhibit 19: Bargaining energy of suppliers – Impact of key elements in 2021 and 2026
- 4.4 Threat of latest entrants
- Exhibit 20: Threat of latest entrants – Impact of key elements in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key elements in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key elements in 2021 and 2026
- 4.7 Market situation
- Exhibit 23: Chart on Market situation – Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Replacement – Market dimension and forecast 2021-2026
- Exhibit 28: Chart on Replacement – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Replacement – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Replacement – Year-over-year progress 2021-2026 (%)
- Exhibit 31: Data Table on Replacement – Year-over-year progress 2021-2026 (%)
- 5.4 OEM – Market dimension and forecast 2021-2026
- Exhibit 32: Chart on OEM – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on OEM – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on OEM – Year-over-year progress 2021-2026 (%)
- Exhibit 35: Data Table on OEM – Year-over-year progress 2021-2026 (%)
- 5.5 Market alternative by End-user
- Exhibit 36: Market alternative by End-user ($ million)
6 Customer Landscape
- 6.1 Customer panorama overview
- Exhibit 37: Analysis of value sensitivity, lifecycle, buyer buy basket, adoption charges, and buy standards
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparability
- Exhibit 40: Chart on Geographic comparability
- Exhibit 41: Data Table on Geographic comparability
- 7.3 North America – Market dimension and forecast 2021-2026
- Exhibit 42: Chart on North America – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America – Year-over-year progress 2021-2026 (%)
- Exhibit 45: Data Table on North America – Year-over-year progress 2021-2026 (%)
- 7.4 APAC – Market dimension and forecast 2021-2026
- Exhibit 46: Chart on APAC – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC – Year-over-year progress 2021-2026 (%)
- Exhibit 49: Data Table on APAC – Year-over-year progress 2021-2026 (%)
- 7.5 Europe – Market dimension and forecast 2021-2026
- Exhibit 50: Chart on Europe – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe – Year-over-year progress 2021-2026 (%)
- Exhibit 53: Data Table on Europe – Year-over-year progress 2021-2026 (%)
- 7.6 Middle East and Africa – Market dimension and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa – Year-over-year progress 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa – Year-over-year progress 2021-2026 (%)
- 7.7 South America – Market dimension and forecast 2021-2026
- Exhibit 58: Chart on South America – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America – Year-over-year progress 2021-2026 (%)
- Exhibit 61: Data Table on South America – Year-over-year progress 2021-2026 (%)
- 7.8 US – Market dimension and forecast 2021-2026
- Exhibit 62: Chart on US – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US – Year-over-year progress 2021-2026 (%)
- Exhibit 65: Data Table on US – Year-over-year progress 2021-2026 (%)
- 7.9 Germany – Market dimension and forecast 2021-2026
- Exhibit 66: Chart on Germany – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany – Year-over-year progress 2021-2026 (%)
- Exhibit 69: Data Table on Germany – Year-over-year progress 2021-2026 (%)
- 7.10 China – Market dimension and forecast 2021-2026
- Exhibit 70: Chart on China – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China – Year-over-year progress 2021-2026 (%)
- Exhibit 73: Data Table on China – Year-over-year progress 2021-2026 (%)
- 7.11 Japan – Market dimension and forecast 2021-2026
- Exhibit 74: Chart on Japan – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan – Year-over-year progress 2021-2026 (%)
- Exhibit 77: Data Table on Japan – Year-over-year progress 2021-2026 (%)
- 7.12 France – Market dimension and forecast 2021-2026
- Exhibit 78: Chart on France – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on France – Market dimension and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on France – Year-over-year progress 2021-2026 (%)
- Exhibit 81: Data Table on France – Year-over-year progress 2021-2026 (%)
- 7.13 Market alternative by geography
- Exhibit 82: Market alternative by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor panorama
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on elements of disruption
- 9.4 Industry dangers
- Exhibit 86: Impact of key dangers on business
10 Vendor Analysis
- 10.1 Vendors lined
- Exhibit 87: Vendors lined
- 10.2 Market positioning of distributors
- Exhibit 88: Matrix on vendor place and classification
- 10.3 Bridgestone Corp.
- Exhibit 89: Bridgestone Corp. – Overview
- Exhibit 90: Bridgestone Corp. – Business segments
- Exhibit 91: Bridgestone Corp. – Key information
- Exhibit 92: Bridgestone Corp. – Key choices
- Exhibit 93: Bridgestone Corp. – Segment focus
- 10.4 Continental AG
- Exhibit 94: Continental AG – Overview
- Exhibit 95: Continental AG – Business segments
- Exhibit 96: Continental AG – Key information
- Exhibit 97: Continental AG – Key choices
- Exhibit 98: Continental AG – Segment focus
- 10.5 Hankook Tire and Technology Co. Ltd.
- Exhibit 99: Hankook Tire and Technology Co. Ltd. – Overview
- Exhibit 100: Hankook Tire and Technology Co. Ltd. – Product / Service
- Exhibit 101: Hankook Tire and Technology Co. Ltd. – Key choices
- 10.6 Kumho Tire Co. Inc.
- Exhibit 102: Kumho Tire Co. Inc. – Overview
- Exhibit 103: Kumho Tire Co. Inc. – Product / Service
- Exhibit 104: Kumho Tire Co. Inc. – Key choices
- 10.7 Michelin North America Inc
- Exhibit 105: Michelin North America Inc – Overview
- Exhibit 106: Michelin North America Inc – Business segments
- Exhibit 107: Michelin North America Inc – Key information
- Exhibit 108: Michelin North America Inc – Key choices
- Exhibit 109: Michelin North America Inc – Segment focus
- 10.8 Nokian Tyres Plc
- Exhibit 110: Nokian Tyres Plc – Overview
- Exhibit 111: Nokian Tyres Plc – Business segments
- Exhibit 112: Nokian Tyres Plc – Key information
- Exhibit 113: Nokian Tyres Plc – Key choices
- Exhibit 114: Nokian Tyres Plc – Segment focus
- 10.9 Pirelli Tyre Spa
- Exhibit 115: Pirelli Tyre Spa – Overview
- Exhibit 116: Pirelli Tyre Spa – Business segments
- Exhibit 117: Pirelli Tyre Spa – Key choices
- Exhibit 118: Pirelli Tyre Spa – Segment focus
- 10.10 Shandong Linglong Tyre Co. Ltd.
- Exhibit 119: Shandong Linglong Tyre Co. Ltd. – Overview
- Exhibit 120: Shandong Linglong Tyre Co. Ltd. – Product / Service
- Exhibit 121: Shandong Linglong Tyre Co. Ltd. – Key choices
- 10.11 The Goodyear Tire and Rubber Co.
- Exhibit 122: The Goodyear Tire and Rubber Co. – Overview
- Exhibit 123: The Goodyear Tire and Rubber Co. – Business segments
- Exhibit 124: The Goodyear Tire and Rubber Co. – Key information
- Exhibit 125: The Goodyear Tire and Rubber Co. – Key choices
- Exhibit 126: The Goodyear Tire and Rubber Co. – Segment focus
- 10.12 Yokohama Rubber Co. Ltd.
- Exhibit 127: Yokohama Rubber Co. Ltd. – Overview
- Exhibit 128: Yokohama Rubber Co. Ltd. – Business segments
- Exhibit 129: Yokohama Rubber Co. Ltd. – Key information
- Exhibit 130: Yokohama Rubber Co. Ltd. – Key choices
- Exhibit 131: Yokohama Rubber Co. Ltd. – Segment focus
11 Appendix
- 11.2 Inclusions and exclusions guidelines
- Exhibit 132: Inclusions guidelines
- Exhibit 133: Exclusions guidelines
- 11.3 Currency conversion charges for US$
- Exhibit 134: Currency conversion charges for US$
- 11.4 Research methodology
- Exhibit 135: Research methodology
- Exhibit 136: Validation strategies employed for market sizing
- Exhibit 137: Information sources
- 11.5 List of abbreviations
- Exhibit 138: List of abbreviations
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