DUBLIN--(BUSINESS WIRE)--The "Global Tyre Market Overview, 2020-26" report has been added to ResearchAndMarkets.com's offering.

Tyres are a kind of product that characteristically have a very limited scope of innovation and are heavily dependent on its allied automotive industry performance. As per the research conducted by publisher , titled - "Global Tyre Market Overview, 2026, the market is evaluated to be selling more than 2000 Million units as of 2020. As per and is expected to grow at a CAGR of more than 6% in terms of value from 2021 to 2026.

In order to assess and study the regional trends and patterns in the global tyre market, the research has been approached by looking at the market through appropriate segments and classifications. The segments that were made during the comprehensive evaluation of the markets were based on vehicle types, end-use demand, and the demand for tyres based on their construction design. The vehicle types include vehicles such as passenger cars, light commercial vehicles, medium and heavy vehicles, 2 wheeler vehicles, 3 wheelers, and other vehicles including bicycles. The categorization based on end-use demand includes demand for replacement tyres and OEM demand for tyres. Based on design types, the tyre market is segmented as radial tyres and bias-ply tyres. To have a broader understanding of the landscape of the tyre market all over the globe, further segmentation has been made based on countries, and the sales channels through which the products are made available to the distributors and customers. The research report also includes profiles of some of the major tyre companies in the world, namely: Bridgestone, Michelin, Sumitomo, Goodyear, Continental, Pirelli, Cooper tires, Apollo, MRF, Hankook, and Maxxis.

The global market is majorly driven by the USA, China, Japan, Germany, and India accounting for a combined share of more than 50% of the overall global tyre market. As some of the major tyre markets in the world are developing economies, such as China, India, and Brazil, there is still some scope for the global tyre companies to tap into the growth opportunities presented by these rapidly emerging economies. However, it is imperative to know that these national markets are led by some of the major local players especially in India and China which makes these markets highly difficult to penetrate for the global tyre leaders. As of 2020, it was derived that about 37.57 Million units of MHCV tyres were sold, making it one of the fastest-growing tyre segments in the world. 3 wheeler and other tyres and MHCV tyres are forecasted to be the fastest-growing tyre products in the global tyre market with a difference of 1 percentage point between their forecasted growth rates during the period of 2021 to 2026.

Key Questions Answered:

  • What is the size of the global tyre market?
  • How much do different vehicle types contribute to the global tyre market?
  • What are the growth trends of radial tyres and bias ply tyres globally?
  • To what extend did Covid-19 pandemic impact the OEM and replacement demand of tyres globally?
  • What are the drivers, development and key challenges in the global tyre market?

Key Topics Covered:

1. Executive Summary

2. Report Methodology

3. Global Tyre Market Outlook

3.1. Market Size by Value

3.2. Market Size by Volume

3.3. Market Share

3.3.1. By Vehicle Type

3.3.2. By End Use

3.3.3. By Design

3.3.4. By Sales Channels

3.3.5. By Region

3.3.6. By Country

3.3.7. By Company

4. North America Tyre Market Outlook

5. Europe Tyre Market Outlook

6. Asia-Pacific Tyre Market Outlook

7. Latin America Tyre Market Outlook

8. Middle East & Africa Tyre Market Outlook

9. Market Dynamics

9.1. Key Drivers

9.2. Key Challenges

10. Market Trends and Developments

11. Company Profiles

11.1. Apollo Tyres

11.2. Bridgestone

11.3. Continental

11.4. Cooper Tires

11.5. Goodyear Tyres

11.6. Hankook

11.7. Maxxis International

11.8. Michelin

11.9. MRF

11.10. Pirelli

12. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/m1qfcf

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