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Global Summer Tire Market Research Report: Forecast (2025-30)

Global Summer Tire Market Report - By Type of Vehicle (Sports Car, SUV/MUV, Light Trucks, Others), By Demand (OEM, Replacement), By Price Category (Budget- Upto USD250 Per unit, Ec......onomy- USD251 to 500 Per Unit, Premium- Above USD500 Per Unit), By Sales Channel (Dealer & Distributor, Online, Direct Sales), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5). Read more

Tire
Oct 2024
Pages 194
Report Format: PDF, Excel, PPT

Market Definition

Summer tires are designed with finely tuned tread patterns to offer an excellent driving experience during summers. They provide low friction & hence better fuel efficiency, steady cornering, better grip & traction, and responsive steering. Their harder rubber softens in milder temperatures to adapt to both dry & wet road conditions. Besides, summer tires deliver all-around performance during the warmer months as their harder rubber compound can become fragile if the temperature falls below 7° Celsius.

Market Insights & Analysis: Summer Tire Market (2025-30):

The Global Summer Tire Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. The growth of the market is likely to be driven by the mounting awareness among people about the benefits of summer tires like better responsiveness, improved cornering, reduced braking distance, specialized tread, & harder rubber compound, among others.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
CAGR (2025-30)	4%
Leading Region	Asia-Pacific
Top Key Players	Bridgestone, Continental, Michelin, Yokohama, Goodyear, Pirelli, Nokian Tyres, Hangzhou Zhongce, Sumitomo, Nexen Tire Corporation
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation, Recent Strategic Moves by Companies, Primary Stakeholders, Analysis of Import and Export Trends, Competitive Landscape Assessment, Emerging Opportunities, Market Trends and Indicators

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Impact of Covid-19 on the Global Summer Tire Market

The automotive & tire sectors worldwide witnessed a catastrophic impact of the Covid-19 pandemic in 2020, which led to several unprecedented challenges for the leading players in the Global Summer Tire Market. The lockdowns & strict movement restrictions imposed by governments of different countries worldwide resulted in the suspension of all business operations associated with the summer tire industry. Due to this, the prominent tire makers worldwide faced massive revenue losses due to a shortage of raw materials, supply chain disruptions, delays in tire delivery & production, & volatile prices amidst the crisis.

Nevertheless, as Covid-19 cases started reducing, the upliftment of restrictions helped tire manufacturers resume their production units to cater to the increasing consumer requirements for summer tires. In addition to this, most tire manufacturers joined the digital transformation to sell their products via e-commerce platforms and offer door-step delivery & installation to their customers, which helped the market to sustain amidst the crisis.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Summer Tire Market Regulations and Policy
Global Summer Tire Market Trends & Developments
Global Summer Tire Market Dynamics
1. Drivers
2. Challenges
Global Summer Tire Market Supply Chain Analysis
Global Summer Tire Market Hotspot & Opportunities
Global Summer Tire Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Units Sold (Thousand Units)
  2. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Sports Car- Market Size & Forecast 2020-2030, Thousand Units
    2. SUV/MUV- Market Size & Forecast 2020-2030, Thousand Units
    3. Light Trucks- Market Size & Forecast 2020-2030, Thousand Units
    4. Others- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand
    1. OEM - Market Size & Forecast 2020-2030, Thousand Units
    2. Replacement- Market Size & Forecast 2020-2030, Thousand Units
  3. By Price Category
    1. Budget- Upto USD250 Per unit- Market Size & Forecast 2020-2030, Thousand Units
    2. Economy- USD251 to 500 Per Unit- Market Size & Forecast 2020-2030, Thousand Units
    3. Premium- Above USD500 Per Unit- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel
    1. Dealer & Distributor- Market Size & Forecast 2020-2030, Thousand Units
    2. Online- Market Size & Forecast 2020-2030, Thousand Units
    3. Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
  5. By Tire Size
    1. Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
    2. Tire Size 2- Market Size & Forecast 2020-2030, Thousand Units
    3. Tire Size 3- Market Size & Forecast 2020-2030, Thousand Units
    4. Tire Size 4- Market Size & Forecast 2020-2030, Thousand Units
    5. Tire Size 5- Market Size & Forecast 2020-2030, Thousand Units
  6. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia Pacific
  7. By Company
    1. Market Share & Analysis
    2. Competition Characteristics
North America Summer Tire Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Units Sold (Thousand Units)
  2. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. The Us
    2. Canada
    3. Mexico
3. The US Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
4. Canada Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
5. Mexico Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
South America Summer Tire Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Units Sold (Thousand Units)
  2. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
4. Argentina Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
Europe Summer Tire Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Units Sold (Thousand Units)
  2. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. Germany
    2. France
    3. The UK
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
4. France Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
5. The UK Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
6. Italy Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
7. Spain Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
Middle East & Africa Summer Tire Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Units Sold (Thousand Units)
  2. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Rest of Middle East
3. Saudi Arabia Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
4. UAE Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
5. South Africa Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
Asia Pacific Summer Tire Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Units Sold (Thousand Units)
  2. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Rest of Asia Pacific
3. China Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
4. India Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
5. Japan Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
6. South Korea Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
7. Australia Summer Tire Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Units Sold (Thousand Units)
    2. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
Global Summer Tire Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Company Profiles
  1. Bridgestone
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Michelin
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Pirelli
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Continental
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Goodyear
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Kumho
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Hankook
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Toyo
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Yokohama Rubber Co., Ltd
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Nankang Rubber Tire Corp., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Nitto tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. NEXEN TIRE
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Apollo Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Yokohama
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Sumitomo Rubber
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Nokian
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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