Global Light Commercial Vehicle Tire

Global Light Commercial Vehicle Tire Market Research Report: Forecast (2021-2026)

By Type of Vehicle (Light Truck, Light Bus, Pickup Trucks, and Vans), By Demand (OEM, Replacement), By Type of Tire (Radial, Bias), By Rim Size (Up to 15”, 15.1” to 16”, Above 16”), By End-Use Read more

  • Tire
  • May 2021
  • 243
  • TR10250

Market Overview

According to the MarkNtel Advisors’ research report, “Global Light Commercial Vehicle Tire Market Analysis, 2021,” the market is likely to grow at a CAGR of around 3.5% in the forecast period of 2021-26 due to factors like the easy availability of vehicle investment schemes by various governments & key market players, the growing e-commerce sector, the increasing number of multiple infrastructural projects, and the flooding logistics around the globe.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2021-26) 3.5%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, The Netherlands
Asia-Pacific: China, India, Japan, Thailand, Indonesia
South America: Brazil, Argentina, Columbia
CIS: Russia, Ukraine, Kazakhstan
Middle East & Africa: UAE, Saudi Arabia, Qatar, Kuwait, Iran, South Africa, Nigeria, Ethiopia, Algeria, Egypt
Key Companies Profiled Pirelli, Continental, Bridgestone, Goodyear Tire and Rubber Company, Yokohama, Michelin, Apollo, Hangzhou Zhongce, MRF Tyres, JK Tyres, Hankook, Sumitomo, Linglong, Toyo Tire, Weifang Goldshield Tire
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The outbreak of the Covid-19 reduced the production of the market as several production units shut, and the supply was on hold due to lockdown impositions. Furthermore, the trade and export sector got disrupted as well, resulting in massive losses. However, with the upliftment of restrictions, the market is getting back on track and shall regain its pace in the forecast years.

Global Light Commercial Vehicle Tire Market Research Report: Forecast (2021-2026)

Market Segmentation

Replacement segment to Dominate The Market 

Based on demand, the replacement segment dominated the global market and is likely to continue its dominance in the forecast years. It owes to prominent factors like the expanding production of vehicles and numerous technological advancements in the industry. Furthermore, the gradual shift toward living a better lifestyle, environment-friendly tires, with growing tire sales in the replacement segment are other crucial factors contributing to the continuously increasing market size.

Vans and Pickup Trucks to Witness the Fastest Market Growth 

Based on the Type of Vehicle, Vans and Pickup trucks are likely to witness the fastest market growth in the forecast years, majorly owing to their spacious seating and reasonable prices of tires used in them. Moreover, their easy availability & wide usage in the transportation of goods from one place to another require timely up-gradation of tires, leading to more sales of commercial tires. Hence, these factors are propelling the demand for pickup trucks and vans, thereby fueling the overall market growth across the globe, states MarkNtel Advisors in their research report, “Global Light Commercial Vehicle Tire Market Analysis, 2021.”

Regional Landscape

Europe to Witness the Largest Market Share

Europe is likely to witness substantial market growth in the forecast years due to the surging initiatives taken by numerous governments in the region to decrease carbon emissions. Ensuring this requires vehicles' tires to be replaced when their quality falls below the acceptable limits and attain its roadworthiness. It has become a significant driving factor for the market growth in the region, and hence, it is likely to continue achieving the fastest market growth in the global market.

Market Driver

The most prominent factor driving the market growth globally in the forecast years is the increasing sales of passenger vehicles. Furthermore, the rapidly emerging next-generation tire technologies with excellent fuel efficiency & inflation pressure is another critical factor likely to push the market toward even greater heights.

Competitive Landscape

According to Markel Advisors, the major leading players in the Global Light Commercial Vehicle Tire Market are Pirelli, Continental, Bridgestone, Goodyear Tire and Rubber Company, Yokohama, Michelin, Apollo, Hangzhou Zhongce, MRF Tyres, JK Tyres, Hankook, Sumitomo, Linglong, Toyo Tire, Weifang Goldshield Tire.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Light Commercial Vehicle Tire Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Light Commercial Vehicle Tire Market?
  4. What are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Light Commercial Vehicle Tire Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Light Commercial Vehicle Tire Market study?  

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on Global Light Commercial Vehicle Tire Market
  • Market Size & Analysis
  • By Revenue
    • Market Share & Analysis
  • By Type of Vehicle
    • Light Truck
    • Light Bus
    • Pickup Trucks
    • Vans
    • By Demand
      • OEM,
      • Replacement
  • By Type of material
    • Radial,
    • Bias
  • By Rim Size
    • Up to 15”
    • 15.1” to 16”
    • Above 16”
  • By End-User
    • Agricultural Transportation
    • E-commerce
    • Dairy & Meat Transportation
    • Others
  • By Price Range Per Unit
    • Up to USD 80
    • USD 81 to USD120
    • USD121 to USD200
    • Above USD 200
  • By Region
    • North America Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
      • The US Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
      • Canada Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
      • Mexico Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
  • South America Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Brazil Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Argentina Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Columbia Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
  • Europe Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • The UK Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Germany Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • France Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Italy Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Spain Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • The Netherlands Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
  • Asia-Pacific Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • China Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Indoneisa Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Japan Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • India Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Thailand Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
  • The Middle East & Africa Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
  •  By Competitors
    • Competition Characteristics
    • Market Share & Analysis
    • Competitive Matrix
  • Global Light Commercial Vehicle Tire Market Hotspots & Opportunities
  • Global Light Commercial Vehicle Tire Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Light Commercial Vehicle Tire Market shall grow at a CAGR of around 3.5% in the forecast period of 2021-26.

A. Pirelli, Continental, Bridgestone, Goodyear Tire and Rubber Company, Yokohama, Michelin, Apollo, Hangzhou Zhongce, MRF Tyres, JK Tyres, Hankook, Sumitomo, Linglong, Toyo Tire, Weifang Goldshield Tire are few of the leading players in the Global Light Commercial Vehicle Tire Market.

A. The replacement segment is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. Europe continues to grow at the highest CAGR in the forecast period of 2021-26, presenting immense opportunities for market players of the Global Light Commercial Vehicle Tire Market.

A. The most prominent factors likely to drive the market in the forecast years are the increasing sales of passenger vehicles globally and various emerging next-generation tire technologies with excellent fuel efficiency & inflation pressure.

A. Undoubtedly, the Covid-19 pandemic hampered the overall market growth in the previous few years. However, with the upliftment of restrictions, the market is back on track and is likely to attain an astronomical growth rate in the forecast years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Global Light Commercial Vehicle Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
        1. Light Truck
        2. Light Bus
        3. Pickup Trucks and Vans
      2. By Demand
        1. OEM
        2. Replacement
      3. By Type of Tire
        1. Radial
        2. Bias
      4. By Rim Size
        1. Up to 15"
        2. 15.1-16"
        3. 16.1" to 17"
        4. 17.1" to 18"
        5. Above 18"
      5. By End Users
        1. Agricultural Transportation
        2. Ecommerce
        3. Dairy & Meat Transportation
        4. Others
      6. By Price Range Per Unit
        1. Upto USD80
        2. USD 81 to USD120
        3. USD121 to USD200
        4. Above USD200
      7. By Region
        1. North America
        2. South America
        3. Europe
        4. CIS
        5. Middle East
        6. Africa
        7. Asia Pacific
      8. By Company
        1. Market Share of Leading Players
  4. North America Light Commercial Vehicle Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand
      3. By Type of Tire
      4. By Rim Size
      5. By Price Range Per Unit
      6. By Country
      7. The US Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      8. Canada Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      9. Mexico Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
  5. South America Light Commercial Vehicle Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand
      3. By Type of Tire
      4. By Rim Size
      5. By Price Range Per Unit
      6. By Country
      7. Brazil Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
      8. Argentina Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      9. Columbia Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      10. Rest of South America Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
  6. Europe Light Commercial Vehicle Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand
      3. By Type of Tire
      4. By Rim Size
      5. By Price Range Per Unit
      6. By Country
      7. Germany Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
      8. The United Kingdom Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      9. France Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      10. Italy Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      11. Spain Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      12. The Netherlands Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
  7. CIS Countries Light Commercial Vehicle Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand
      3. By Type of Tire
      4. By Rim Size
      5. By Price Range Per Unit
      6. By Country
      7. Russia Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
      8. Ukraine Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      9. Kazakhstan Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
  8. Middle East Light Commercial Vehicle Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand
      3. By Type of Tire
      4. By Rim Size
      5. By Price Range Per Unit
      6. By Country
      7. Saudi Arabia Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
      8. UAE Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      9. Qatar Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      10. Kuwait Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      11. Iran Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
  9. Africa Light Commercial Vehicle Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand
      3. By Type of Tire
      4. By Rim Size
      5. By Price Range Per Unit
      6. By Country
      7. South Africa Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
      8. Nigeria Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      9. Ethiopia Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      10. Algeria Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      11. Egypt Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
  10. Asia Pacific Light Commercial Vehicle Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenues
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand
      3. By Type of Tire
      4. By Rim Size
      5. By Price Range Per Unit
      6. By Country
      7. China Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
      8. India Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      9. Japan Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      10. Thailand Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
      11. Indonesia Light Commercial Vehicle Tire Market Analysis, 2016-2026F
        1. Market Size & Analysis
          1. By Units Sold
          2. By Revenues
        2. Market Share & Analysis
          1. By Vehicle Type
          2. By Demand
          3. By Type of Tire
          4. By Rim Size
          5. By Price Range Per Unit
  11. Company Profiles
    1. Bridgestone
    2. Michelin
    3. Continental
    4. Goodyear
    5. Yokohama
    6. Pirelli
    7. Hankook
    8. Kumho
    9. Sumitomo
    10. Zhongce Rubber
  12. Disclaimer
Global Light Commercial Vehicle Tire Market Segmentation