NEW YORK, Sept. 2, 2022 /PRNewswire/ -- Premium tires for automobiles are designed and developed to deliver superior performance and safety over conventional tires. Reduced rolling resistance, better road grip, and fuel economy are some major factors considered while designing and developing premium tires.
The automotive premium tires market size is expected to grow by USD 33.72 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 10.58% during the forecast period.
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Automotive Premium Tires Market 2022-2026: Scope
The automotive premium tires market report covers the following areas:
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Automotive Premium Tires Market 2022-2026: Vendor Landscape and Analysis
The automotive premium tires market is fragmented, and the vendors are deploying growth strategies such as expanding their product lines and strengthening their manufacturing capacities to compete in the market. The competition among established players is intense. This is compelling vendors to expand their product lines and strengthen their manufacturing capacities. Market vendors use energy-efficient rubber compounds and materials to enhance the performance of premium tires. Prominent vendors are differentiating themselves in the market and are engaging in M&A to expand 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 among some of the major market participants.
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Automotive Premium Tires Market 2022-2026: Segmentation
Automotive Premium Tires Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist automotive premium tires market growth during the next five years
Estimation of the automotive premium tires market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive premium tires market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive premium tires market vendors
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Automotive Premium Tires Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 10.58%
Market growth 2022-2026
USD 33.72 billion
YoY growth (%)
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution
North America at 38%
Key consumer countries
US, China, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 Replacement - Market size and forecast 2021-2026
5.4 OEM - Market size and forecast 2021-2026
5.5 Market opportunity by End-user
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 APAC - Market size and forecast 2021-2026
7.5 Europe - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 Germany - Market size and forecast 2021-2026
7.10 China - Market size and forecast 2021-2026
7.11 Japan - Market size and forecast 2021-2026
7.12 France - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Bridgestone Corp.
10.4 Continental AG
10.5 Hankook Tire and Technology Co. Ltd.
10.6 Kumho Tire Co. Inc.
10.7 Michelin North America Inc
10.8 Nokian Tyres Plc
10.9 Pirelli Tyre Spa
10.10 Shandong Linglong Tyre Co. Ltd.
10.11 The Goodyear Tire and Rubber Co.
10.12 Yokohama Rubber Co. Ltd.
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
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