Latin America Tire

Latin America Tire Market Research Report: Forecast (2022-27)

By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler, OTR), By Demand Category (OEM Vs Replacement), By Tire Type (Radial Vs Bias), Read more

  • Tire
  • Apr 2022
  • 167
  • TR10218

Market Definition

The tire industry across Latin America is vast & expanding on the back of the more massive automotive sector, i.e., positively influencing the sales of tires. The active participation & extensive presence of prominent tire manufacturers across the region are contributing notably to the growth of the automotive & tire industries. Besides, governments of different countries in Latin America are laying out favorable policies for establishing tire manufacturing facilities, which projects lucrative prospects for the leading players in the tire industry over the coming years.

Market Insights

The Latin America Tire Market is projected to grow at a CAGR of around 2.6% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the rapidly expanding automotive & tire industries owing to the increasing automobile production & exports across several countries across Latin America. Besides, the gradually improving economic conditions of people & their mounting inclination toward private ownership of vehicles are also driving tire sales in the region.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 2.6%
Country Covered Brazil, Argentina, Colombia, Venezuela, Chile, Peru, Uruguay, Paraguay and Others
Key Companies Profiled

Continental AG, Bridgestone, Goodyear, Hankook and Yokohama among others

Unit Denominations USD Million/Billion

 

Moreover, growing consumer awareness about the significance & benefits of timely replacement of tires for enhanced passenger safety & driving experience is another prominent aspect contributing to the expansion of the tire market in Latin America. 

Additionally, the rising competition between the leading tire manufacturers has led to the extensive availability of tires of multiple brands & budgets and with advanced features. Furthermore, an escalating need for enhanced fuel efficiency & safety in vehicles is another potential driver for the Latin America Tire Market through 2027.

Impact of Covid-19 on the Latin America Tire Market

The advent of Covid-19 in 2020 severely affected the automotive & tire industries and introduced several challenges for the leading players operating in the Latin America Tire Market. As the spread of this dreadful disease was rapid, governments of different countries across the region imposed lockdowns & stringent movement restrictions and suspended all business operations associated with the tire industry. Consequently, tire manufacturers faced massive revenue losses while witnessing a shortage of raw materials, disruptions in the supply chain, delays in delivery & production of tires, & fluctuations in prices amidst the crisis.

Yet, with a gradual decline in the number of Covid-19 cases, the governments began uplifting the restrictions & allowed the recommencement of different industries. As a result, tire manufacturers resumed their production units to cater to the growing consumer requirements for tires across Latin America. Furthermore, several tire manufacturers adopted digital sales channels to sell their products online via e-commerce websites & offer door-step delivery & installation to their customers, which helped the market revive and steadily grow in 2020 during the pandemic.

1.      Introduction

1.1.   Research Process

1.2.   Product Overview

1.3.   Market Segmentation

1.4.   Assumptions

2.      Glossary

3.      Executive Summary

4.      Expert Verbatim- What our Experts Say?

5.      Latin America Tire Production Overview

6.      Latin America Tire Market Analysis, 2017-2027

6.1.   Market Size & Analysis

6.1.1.Market Revenues

6.1.2.Units Sold

6.2.   Market Share & Analysis

6.2.1.By Vehicle Type

6.2.1.1.  Passenger Car

6.2.1.2.  Light Commercial Vehicle (LCV)

6.2.1.3.  Medium and Heavy Commercial Vehicle (M&HCV)

6.2.1.4.  Two-Wheeler

6.2.1.5.  Three-Wheeler

6.2.1.6.  Off Road Tire (OTR)

6.2.2.By Demand Category

6.2.2.1.  OEMs

6.2.2.2.  Aftermarket

6.2.3.By Tire Type

6.2.3.1.  Radial

6.2.3.2.  Bias

6.2.4.By Sales Channel

6.2.4.1.  Direct Sales

6.2.4.2.  Online

6.2.4.3.  Channel Partners

6.2.5.By Season

6.2.5.1.  All Season Tires

6.2.5.2.  Winter

6.2.5.3.  Summer Tires

6.2.6.By Rim Size

6.2.6.1.  Up to 12”

6.2.6.2.  12.1” to 15”

6.2.6.3.  15.1” to 18”

6.2.6.4.  18.1” to 20”

6.2.6.5.  20.1” to 22.5”

6.2.6.6.  22.6” to 26”

6.2.6.7.  26.1” to 35”

6.2.6.8.  35.1” to 47”

6.2.6.9.  Above 47”

6.2.7.By Country

6.2.7.1.  Brazil

6.2.7.2.  Argentina

6.2.7.3.  Colombia

6.2.7.4.  Venezuela

6.2.7.5.  Chile

6.2.7.6.  Peru

6.2.7.7.  Uruguay

6.2.7.8.  Paraguay

6.2.7.9.  Cuba

6.2.7.10. Ecuador

6.2.7.11. Mexico

6.2.8.By Leading Companies

6.2.8.1.  Market Share

6.2.8.2.  Strategic Factorial Indexing

6.2.8.3.  Competitors Alignment in Competition Quadrant

6.3.   Latin America Market Attractiveness Indexing

6.3.1.By Vehicle Type

6.3.2.By Demand Category

6.3.3.By Tire Type

6.3.4.By Country

6.4.   Brazil Tire Market Analysis, 2017-2027

6.4.1.Market Size & Analysis

6.4.1.1.  Market Revenues

6.4.1.2.  Units Sold

6.4.2.Market Share & Analysis

6.4.2.1.  By Vehicle Type

6.4.2.2.  By Demand Category

6.4.2.3.  By Tire Type

6.4.2.4.  By Sales Channel

6.4.2.5.  By Season

6.4.2.6.  By Rim Size

6.5.   Argentina Tire Market Analysis, 2017-2027

6.5.1.Market Size & Analysis

6.5.1.1.  Market Revenues

6.5.1.2.  Units Sold

6.5.2.Market Share & Analysis

6.5.2.1.  By Vehicle Type

6.5.2.2.  By Demand Category

6.5.2.3.  By Tire Type

6.5.2.4.  By Sales Channel

6.5.2.5.  By Season

6.5.2.6.  By Rim Size

6.6.   Colombia Tire Market Analysis, 2017-2027

6.6.1.Market Size & Analysis

6.6.1.1.  Market Revenues

6.6.1.2.  Units Sold

6.6.2.Market Share & Analysis

6.6.2.1.  By Vehicle Type

6.6.2.2.  By Demand Category

6.6.2.3.  By Tire Type

6.6.2.4.  By Sales Channel

6.6.2.5.  By Season

6.6.2.6.  By Rim Size

6.7.   Venezuela Tire Market Analysis, 2017-2027

6.7.1.Market Size & Analysis

6.7.1.1.  Market Revenues

6.7.1.2.  Units Sold

6.7.2.Market Share & Analysis

6.7.2.1.  By Vehicle Type

6.7.2.2.  By Demand Category

6.7.2.3.  By Tire Type

6.7.2.4.  By Sales Channel

6.7.2.5.  By Season

6.7.2.6.  By Rim Size

6.8.   Chile Tire Market Analysis, 2017-2027

6.8.1.Market Size & Analysis

6.8.1.1.  Market Revenues

6.8.1.2.  Units Sold

6.8.2.Market Share & Analysis

6.8.2.1.  By Vehicle Type

6.8.2.2.  By Demand Category

6.8.2.3.  By Tire Type

6.8.2.4.  By Sales Channel

6.8.2.5.  By Season

6.8.2.6.  By Rim Size

6.9.   Peru Tire Market Analysis, 2017-2027

6.9.1.Market Size & Analysis

6.9.1.1.  Market Revenues

6.9.1.2.  Units Sold

6.9.2.Market Share & Analysis

6.9.2.1.  By Vehicle Type

6.9.2.2.  By Demand Category

6.9.2.3.  By Tire Type

6.9.2.4.  By Sales Channel

6.9.2.5.  By Season

6.9.2.6.  By Rim Size

6.10. Uruguay Tire Market Analysis, 2017-2027

6.10.1. Market Size & Analysis

6.10.1.1. Market Revenues

6.10.1.2. Units Sold

6.10.2. Market Share & Analysis

6.10.2.1. By Vehicle Type

6.10.2.2. By Demand Category

6.10.2.3. By Tire Type

6.10.2.4. By Sales Channel

6.10.2.5. By Season

6.10.2.6. By Rim Size

6.11. Paraguay Tire Market Analysis, 2017-2027

6.11.1. Market Size & Analysis

6.11.1.1. Market Revenues

6.11.1.2. Units Sold

6.11.2. Market Share & Analysis

6.11.2.1. By Vehicle Type

6.11.2.2. By Demand Category

6.11.2.3. By Tire Type

6.11.2.4. By Sales Channel

6.11.2.5. By Season

6.11.2.6. By Rim Size

6.12. Cuba Tire Market Analysis, 2017-2027

6.12.1. Market Size & Analysis

6.12.1.1. Market Revenues

6.12.1.2. Units Sold

6.12.2. Market Share & Analysis

6.12.2.1. By Vehicle Type

6.12.2.2. By Demand Category

6.12.2.3. By Tire Type

6.12.2.4. By Sales Channel

6.12.2.5. By Season

6.12.2.6. By Rim Size

6.13. Ecuador Tire Market Analysis, 2017-2027

6.13.1. Market Size & Analysis

6.13.1.1. Market Revenues

6.13.1.2. Units Sold

6.13.2. Market Share & Analysis

6.13.2.1. By Vehicle Type

6.13.2.2. By Demand Category

6.13.2.3. By Tire Type

6.13.2.4. By Sales Channel

6.13.2.5. By Season

6.13.2.6. By Rim Size

6.14. Mexico Tire Market Analysis, 2017-2027

6.14.1. Market Size & Analysis

6.14.1.1. Market Revenues

6.14.1.2. Units Sold

6.14.2. Market Share & Analysis

6.14.2.1. By Vehicle Type

6.14.2.2. By Demand Category

6.14.2.3. By Tire Type

6.14.2.4. By Sales Channel

6.14.2.5. By Season

6.14.2.6. By Rim Size

7.     Disclaimer

Latin America Tire Market Segmentation
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