Pneumatic Tire Market Analysis By Sales (OEM, Replacement), By Vehicle (Two-Wheelers, Four-Wheelers, Aircrafts) By Product (Radial, Crossply) And Segment Forecasts To 2022

Published: Dec, 2015 | Pages: 77 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global pneumatic tire market is expected to reach USD 334.5 billion by 2022, 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.

Further key findings from the report suggest:

Replacement sales dominated the industry with revenue estimated over USD 140.00 billion in 2014. The product is susceptible to changing temperature that results in high internal pressure. Poor road conditions, overloading of vehicles and weather conditions is expected to augment the replacement sector over the next seven years

Aircrafts is expected to be the fastest growing vehicle segment in terms of revenue at a CAGR of over 10.0% from 2014 to 2022. The AS50141B standard establishes requirements for manufacturing, testing, identification, packaging, and quality of tubes for application in commercial and military aircraft wheel assemblies. Growth of the aerospace sector particularly in U.S. is expected to have a positive impact on the industry over the next seven years.

Radial was the largest segment and was valued over USD 130.00 billion in 2014. on account of its superior characteristics including flexible side wall and strength. Numerous car manufacturers prefer using radial tires on account of its superior characteristics including longer tread life, better steering control, and lower rolling resistance. Growth of the two-wheeler sector is expected to propel product demand over the forecast period.

Asia Pacific was the largest segment estimated over USD 75.00 billion in 2014. Growing automotive production in Asia Pacific region, mainly in China, Indonesia, Japan, Malaysia and Taiwan, is expected to propel demand for in automotive sector. In 2013, the total vehicle production in China was 15 million units. This is expected to have a positive impact on the market over the next seven years.

The global pneumatic tire industry is characterized by integration through raw material supply, manufacturing stages and distribution channels. Companies such as Michelin, The Goodyear Tire and Rubber Company, Cooper Tire & Rubber Company, Bridgestone Corporation, and The Yokohama Rubber Co. Ltd. are engaged in manufacturing of raw materials, product manufacturing and distribution to various automobile manufacturers

In September 2015, Hankook Tire introduced the innovative 360-degree rotating "Ball pin tire." To help the Ball Pin Tire achieve full potential, the company installed an advanced gyroscope and a three omni-wheel system to the vehicle.

Table of Content

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Pneumatic Tire Market - Industry Summary And Key Buying Criteria, 2012-2022
Chapter 3. Pneumatic Tire Industry Outlook
3.1. Pneumatic tire market segmentation
3.2. Pneumatic tire market size and growth prospects, 2012 - 2022
3.3. Pneumatic tire market - Value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Pneumatic tire market dynamics
3.7.1. Market driver analysis
3.7.1.1. Automotive industry growth
3.7.1.2. Growing aerospace sector
3.7.2. Market restraint analysis
3.7.2.1. Fluctuation in raw material prices
3.8. Key market opportunities - Prioritized
3.9. Industry analysis - Porter's
3.10. Pneumatic tire competitive scenario, 2014
3.11. Pneumatic tire market PESTEL analysis, 2014
Chapter 4. Pneumatic Tire Sales Outlook
4.1. Global pneumatic tire market share by sales, 2014 & 2022
4.2. OEM
4.2.1. Market estimates and forecast, 2012 - 2022
4.2.2. Market estimates and forecast, by region 2012 - 2022
4.3. Replacement
4.3.1. Market estimates and forecast, 2012 - 2022
4.3.2. Market estimates and forecast, by region 2012 - 2022
Chapter 5. Pneumatic Tire Vehicle Outlook
5.1. Global pneumatic tire market share by vehicle, 2014 & 2022
5.2. Two-wheelers
5.2.1. Market estimates and forecast, 2012 - 2022
5.2.2. Market estimates and forecast, by region 2012 - 2022
5.3. Four-wheelers
5.3.1. Market estimates and forecast, 2012 - 2022
5.3.2. Market estimates and forecast, by region 2012 - 2022
5.4. Aircrafts
5.4.1. Market estimates and forecast, 2012 - 2022
5.4.2. Market estimates and forecast, by region 2012 - 2022
5.5. Others
5.5.1. Market estimates and forecast, 2012 - 2022
5.5.2. Market estimates and forecast, by region 2012 - 2022
Chapter 6. Pneumatic Tire Product Outlook
6.1. Global pneumatic tire market share by product, 2014 & 2022
6.2. Radial
6.2.1. Market estimates and forecast, 2012 - 2022
6.2.2. Market estimates and forecast, by region 2012 - 2022
6.3. Crossply
6.3.1. Market estimates and forecast, 2012 - 2022
6.3.2. Market estimates and forecast, by region 2012 - 2022
Chapter 7. Pneumatic Tire Regional Outlook
7.1. Global pneumatic tire market share by region, 2014 & 2022
7.2. North America
7.2.1. North America pneumatic tire market estimates and forecast, 2012 - 2022
7.2.2. North America pneumatic tire market estimates and forecast by sales, 2012 - 2022
7.2.3. North America pneumatic tire market estimates and forecast by vehicle, 2012 - 2022
7.2.4. North America pneumatic tire market estimates and forecast by product, 2012 - 2022
7.3. Europe
7.3.1. Europe pneumatic tire market estimates and forecast, 2012 - 2022
7.3.2. Europe pneumatic tire market estimates and forecast by sales, 2012 - 2022
7.3.3. Europe pneumatic tire market estimates and forecast by vehicle, 2012 - 2022
7.3.4. Europe pneumatic tire market estimates and forecast by product, 2012 - 2022
7.4. Asia Pacific
7.4.1. Asia Pacific pneumatic tire market estimates and forecast, 2012 - 2022
7.4.2. Asia Pacific pneumatic tire market estimates and forecast by sales, 2012 - 2022
7.4.3. Asia Pacific pneumatic tire market estimates and forecast by vehicle, 2012 - 2022
7.4.4. Asia Pacific pneumatic tire market estimates and forecast by product, 2012 - 2022
7.5. RoW
7.5.1. RoW pneumatic tire market estimates and forecast, 2012 - 2022
7.5.2. RoW pneumatic tire market estimates and forecast by sales, 2012 - 2022
7.5.3. RoW pneumatic tire market estimates and forecast by vehicle, 2012 - 2022
7.5.4. RoW pneumatic tire market estimates and forecast by product, 2012 - 2022
Chapter 8. Competitive Landscape
8.1. Michelin Group
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Continental Corporation
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Bridgestone Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Cooper Tire & Rubber Company
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. The Goodyear Tire & Rubber Company
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Hankook Tire
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. The Yokohama Rubber Co., Ltd
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Kumho Tire Co., Ltd.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives

List of Tables

1. Pneumatic Tire - Industry Summary & Key Buying Criteria
2. Global pneumatic tire market estimates and forecast, 2012 - 2022 (USD Billion)
3. Global pneumatic tire market revenue, by region, 2012 - 2022 (USD Billion)
4. Global pneumatic tire market revenue, by sales, 2012 - 2022 (USD Billion)
5. Global pneumatic tire market revenue, by vehicle, 2012 - 2022 (USD Billion)
6. Global pneumatic tire market revenue, by product, 2012 - 2022 (USD Billion)
7. Vendor landscape
8. Pneumatic tire - Key market driver analysis
9. Pneumatic tire - Key market restrain analysis
10. Global pneumatic tire market estimates and forecast in OEM, 2012 - 2022 (USD Billion)
11. Global pneumatic tire market estimates and forecast in OEM, by region, 2012 - 2022 (USD Billion)
12. Global pneumatic tire market estimates and forecast in replacement, 2012 - 2022 (USD Billion)
13. Global pneumatic tire market estimates and forecast in replacement, by region, 2012 - 2022 (USD Billion)
14. Global pneumatic tires market estimates and forecast in two-wheelers, 2012 - 2022 (USD Billion)
15. Global pneumatic tires market estimates and forecast in two-wheelers, by region, 2012 - 2022 (USD Billion)
16. Global pneumatic tires market estimates and forecast in four-wheelers, 2012 - 2022 (USD Billion)
17. Global pneumatic tires market estimates and forecast in four-wheelers, by region, 2012 - 2022 (USD Billion)
18. Global pneumatic tires market estimates and forecast in aircrafts, 2012 - 2022 (USD Billion)
19. Global pneumatic tires market estimates and forecast in aircrafts, by region, 2012 - 2022 (USD Billion)
20. Global pneumatic tires market estimates and forecast in other vehicles, 2012 - 2022 (USD Billion)
21. Global pneumatic tires market estimates and forecast in other vehicles, by region, 2012 - 2022 (USD Billion)
22. Global radial pneumatic tire market estimates and forecast, 2012 - 2022 (USD Billion)
23. Global radial pneumatic tire market estimates and forecast, by region, 2012 - 2022 (USD Billion)
24. Global crossply pneumatic tire market estimates and forecast, 2012 - 2022 (USD Billion)
25. Global crossply pneumatic tire market estimates and forecast, by region, 2012 - 2022 (USD Billion)
26. North America pneumatic tire market estimates and forecast, 2012 - 2022 (USD Billion)
27. North America pneumatic tire market revenue, by sales, 2012 - 2022 (USD Billion)
28. North America pneumatic tire market revenue, by vehicle, 2012 - 2022 (USD Billion)
29. North America pneumatic tire market revenue, by product, 2012 - 2022 (USD Billion)
30. Europe pneumatic tire market estimates and forecast, 2012 - 2022 (USD Billion)
31. Europe pneumatic tire market revenue, by sales, 2012 - 2022 (USD Billion)
32. Europe pneumatic tire market revenue, by vehicle, 2012 - 2022 (USD Billion)
33. Europe pneumatic tire market revenue, by product, 2012 - 2022 (USD Billion)
34. Asia Pacific pneumatic tire market estimates and forecast, 2012 - 2022 (USD Billion)
35. Asia Pacific pneumatic tire market revenue, by sales, 2012 - 2022 (USD Billion)
36. Asia Pacific pneumatic tire market revenue, by vehicle, 2012 - 2022 (USD Billion)
37. Asia Pacific pneumatic tire market revenue, by product, 2012 - 2022 (USD Billion)
38. RoW pneumatic tire market estimates and forecast, 2012 - 2022 (USD Billion)
39. RoW pneumatic tire market revenue, by sales, 2012 - 2022 (USD Billion)
40. RoW pneumatic tire market revenue, by vehicle, 2012 - 2022 (USD Billion)
41. RoW pneumatic tire market revenue, by product, 2012 - 2022 (USD Billion)