By Type of Vehicle (Passenger Car, Light Commercial Vehicle (LCV), Medium & High Commercial Vehicle (MHCV), By OEM Vs Replacement Demand, By Region (North America, Europe, Russia & CIS, Asia Pacific), By Country (The US, Canada, Austria, Bosnia Herzegovina, Belgium, Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, Poland, Romania, Spain, Serbia, Slovenia, Slovakia, Sweden, Switzerland, Ukraine, The United Kingdom, China, South Korea, Japan, Russia, Armenia, Kazakhstan, Belarus) By Sales Channel (Exclusive Stores, Authorized Dealers or Distributors, Others), By Price Category (Premium, Economy, Budget) By Rim Diameter (Upto 12”, 12.1” to 15”, 15.1” to 18”, 18” to 22.5”, Above 22.5”), By Company
The Global Winter Tire market is largely focused on certain countries in the northern hemisphere which are prone to severe cold weather with heavy snowfall for an extensive portion of the year. These regions include Europe, North America and several geographies of Asia-Pacific. Hence, the governments in these regions have been highly proactive in the formulation of regulations to ensure road safety. Several governments in the countries of Europe have made it compulsory to install winter tires for a period extending four to six months.
According to the MarkNtel Advisors’ research report titled “Global Winter Tire Market Analysis, 2020 (A Real-Time Tire Database Tracking 32 Countries)”, the Global Winter Tire market is anticipated to exhibit a CAGR of around 5.12% during 2020-25. Europe acquired the highest market share in terms of units sold in 2019, followed by North America. The sales in Asia-Pacific formed a negligible percentage of the Global Winter Tire market, however, is expected to maintain its double-digit momentum in the forthcoming years.
Winter tires for passenger cars had the highest market share among all type of vehicles in 2019. The same trend is expected during the forecast period as well. Greater traction toward SUVs and 4*4 wheel rides has been further catalyzing the winter tire sales growth under passenger tires category. In passenger cars, the tires with rim size varying between 15” to 18” seized the majority market share.
Bridgestone, Goodyear, Michelin, Nokian, Yokohama, Sumitomo, Hankook, Pirelli, Cooper, Continental, Apollo, Toyo, etc., were the leading companies offering winter tires in 2019. However, Bridgestone, Goodyear, Michelin, Nokian had the combined market share in excess of 40% in 2019 owing to robust product range, widespread distribution network, greater brand awareness, and premium product quality.
As per the Customer Survey conducted by MarkNtel Advisors’ for “Global Winter Tire Market Analysis, 2020 (A Real-Time Tire Database Tracking 32 Countries)”, more than 20% of the vehicle owners in Europe would buy winter tires for the first time in 2020, while a substantial number of vehicle owners had already purchased the winter tires.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Global Winter Tire Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Winter Tire Market?
Who are the key competitors or market players and how they perform in Global Winter Tire market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Winter Tire Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
By Type of Vehicle
Light Commercial Vehicle (LCV)
Medium & High Commercial Vehicle (MHCV)
By OEM Vs Replacement
By Sales Channel
Authorized Dealers or Distributors
By Price Category
By Rim Diameter
12.1” to 15”
15.1” to 18”
18” to 22.5”
The United Kingdom
Russia & CIS
By Price Category
Low (Up to USD100)
High (Above USD200)
Market Share, By Competitors
Competitor Strategic Factorial Indexing
Competitor Evaluation on MarkNtel Quadrant
Global Winter Tire Market Regulations, Policies, Product Benchmarks
Global Winter Tire Market Hotspot & Opportunities
Global Winter Tire Market Key Strategic Imperatives for Success & Growth
Global Winter Competition Outlook
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report Global Winter Tire Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold (Thousand Units).
Q. What would be the growth rate or CAGR of Global Winter Tire Market during 2020-25?
A. The market size of Global Winter Tire Market during 2020-25 is forecast to be around 5.12%.
Q. Who are the key competitors or players operating in Global Winter Tire Market?
A. Bridgestone, Goodyear, Michelin, Nokian, Yokohama, Sumitomo, Hankook, Pirelli, Cooper, Continental, Apollo, Toyo and few others are the leading players in the Global Winter Tire Market.
Q. Does the report scope cover tire rim size wise market statistics also?
A. Yes, the scope of the report encompasses detailed tire rim size wise statistics such as market size, market segmentation, market overview based on various subcategories.
Q. Which season tire type would emerge as an opportunity area for players in Global Winter Tire Market?
A. Europe grabbed the highest market share in terms of units sold, followed by North America. The sales in Asia Pacific formed a minuscule percentage of the global winter tire (tyre) market, however, is expected to maintain its double-digit momentum in the forthcoming years.
Q. Which Vehicle type segment would emerge as an opportunity area for players in Global Winter Tire Market?
A. Winter tires for passenger cars had the highest market share among all type of vehicles in 2019. The same trend is expected during the forecast period as well.
Q. Which Rim Size segment would emerge as an opportunity area for players in Global Winter Tire Market?
A. Based on the rim size, the tires with rim size varying between 15” to 18” seized the majority market share. These manufacturers are focused on providing distinctive looks to their vehicles in addition to lower rolling resistance and better-wet traction.
1. Research Methodology
1.1. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Global Winter Tire Outlook, 2015-2025F
3.1. Market Size & Analysis
3.2. Market Share & Analysis
3.2.1.By Type of Vehicle
18.104.22.168. Passenger Car
22.214.171.124. Light Commercial Vehicle (LCV)
126.96.36.199. Medium & High Commercial Vehicle (MHCV)
3.2.2.By OEM Vs Replacement
188.8.131.52. North America
184.108.40.206. Russia & CIS
220.127.116.11. Asia Pacific
3.2.4.By Sales Channel
18.104.22.168. Exclusive Stores
22.214.171.124. Authorized Dealers or Distributors
3.2.5.By Price Category
3.2.6.By Rim Diameter
126.96.36.199. Upto 12”
188.8.131.52. 12.1” to 15”
184.108.40.206. 15.1” to 18”
220.127.116.11. 18” to 22.5”
18.104.22.168. Above 22.5”
22.214.171.124. Market Share, By Competitors
126.96.36.199. Competitor Strategic Factorial Indexing
188.8.131.52. Competitor Evaluation on MarkNtel Quadrant
4. North America Winter Tire Outlook, 2015-2025F
4.1. Market Size & Analysis
4.2. Market Share & Analysis
4.2.1.By Type of Vehicle
4.2.2.By OEM Vs Replacement
4.2.3.By Price Range
184.108.40.206. The United States
4.3. The United States Winter Tire Outlook, 2015-2025F
4.3.1.Market Size & Analysis
220.127.116.11. Units Sold
18.104.22.168. Market Revenues
4.3.2.Market Share & Analysis
22.214.171.124. By Type of Vehicle
126.96.36.199. By OEM Vs Replacement
188.8.131.52. By Price Range
4.4. Canada Winter Tire Outlook, 2015-2025F
4.4.1.Market Size & Analysis
184.108.40.206. Units Sold
220.127.116.11. Market Revenues
4.4.2.Market Share & Analysis
18.104.22.168. By Type of Vehicle
22.214.171.124. By OEM Vs Replacement
126.96.36.199. By Price Range
5. Europe Winter Tire Outlook, 2015-2025F
5.1. Market Size & Analysis
5.2. Market Share & Analysis
5.2.1.By Type of Vehicle
5.2.2.By OEM Vs Replacement
5.2.3.By Price Range
188.8.131.52. Bosnia Herzegovina
184.108.40.206. Czech Republic
220.127.116.11. The United Kingdom
5.3. Austria Winter Tire Outlook, 2015-2025F
5.3.1.Market Size & Analysis
18.104.22.168. Units Sold
22.214.171.124. Market Revenues
5.3.2.Market Share & Analysis
126.96.36.199. By Type of Vehicle
188.8.131.52. By OEM Vs Replacement
184.108.40.206. By Price Range
5.4. Bosnia and Herzegovina Winter Tire Outlook, 2015-2025F