Market Research Report

Global Winter Tire Market Research Report: Forecast (2022-27)

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 Read more

  • Tire
  • Apr 2022
  • Pages 190
  • Report Format: PDF, Excel, PPT

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Market Definition

Winter tires are designed to run on snowy or icy roads while providing better grip & traction to the vehicle. Equipped with metal or ceramic studs that function exceptionally well in lower temperatures, these tires ensure greater vehicle safety. Governments of several countries worldwide have made it mandatory for vehicle owners to use winter tires during the colder months. It, in turn, is generating growth opportunities for the leading tire manufacturers to introduce a new range of tires with excellent features complimenting the weather, road, and the vehicle altogether and enhancing the overall driving experience.

Market Insights

The Global Winter Tire Market is projected to grow at a CAGR of around 5.12% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven mainly by the mounting focus of governments of different countries worldwide on addressing the rising cases of road accidents & imposing stringent norms for the installation of winter tires during the colder months. 

Besides, the growing vehicle fleet would remain a prevalent factor in driving the sales of winter tires and stimulating the market growth. In addition, the rising need for enhanced fuel efficiency in vehicles and offering timely tire repairs & replacement are also playing a crucial role in augmenting the market growth. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 5.12%
Regions Covered North America: The United States, Canada
Europe: 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
Russia & CIS: Russia, Armenia, Kazakhstan, Belarus
Asia Pacific: China, Japan, South Korea
Key Companies Profiled Bridgestone, Michelin, Goodyear, Continental, Nokian, Hankook, Pirelli, Yokohama, Sumitomo, Toyo, Kumho
Unit Denominations USD Million/Billion

 

Moreover, the growing competition among the leading tire manufacturers, i.e., portraying the increasing availability of tires with advanced features, budgets, & capabilities that meet the vehicle requirements & ensure their safety, is another aspect promoting the market expansion. 

Additionally, as winter tires offer greater safety, especially on snowy & icy roads, and thus reduce the risks of accidents, their rapidly escalating demand among consumers would drive the global market through 2027. Furthermore, growing awareness among drivers about the benefits of winter tires like effective braking & cornering, enhanced reactiveness during emergencies, better adhesion, etc., further project lucrative prospects for the pleading players operating in the Global Winter Tires Market in the coming years.

Impact of Covid-19 on the Global Winter Tire Market

The advent of Covid-19 back in 2020 led the automotive & tire industries to undergo significant impacts and introduced several unprecedented challenges for the Global Winter Tire Market. With the imposition of lockdowns & stringent movement restrictions to curb the spread, tire manufacturers faced massive revenue losses due to shortage of raw materials, supply chain disruptions, delivery & production delays, price fluctuations, etc., amidst the crisis.

However, as Covid-19 cases began declining gradually, restrictions were uplifted & business operations recommenced, which, consequently, allowed tire manufacturers to resume their business and cater to the growing consumer requirements for tires. Moreover, in light of the pandemic, several tire manufacturers made a paradigm shift to digital platforms to sell their products via e-commerce websites & offer door-step delivery & installation to their customers, which helped the market to grow amidst the crisis.


Global Winter Tire Market Research Report: Forecast (2022-27)

Market Segmentation

Based on the Rim Size:

  • Up to 12”
  • 12.1” to 15”
  • 15.1” to 18”
  • 18” to 22.5”
  • Above 22.5”

Here, the demand for winter tires of rim size 18” to 22.5” is projected to demonstrate the fastest growth in the Global Winter Tire Market during 2022-27. It owes principally to the growing vehicle fleet of passenger cars like SUVs using larger rims for greater traction & stability on snowy & ice-packed roads, i.e., showcasing their mounting demand across different corners of the world. Besides, growing concerns over safety & timely inspection of vehicles & tires are also contributing to the overall growth of the winter tire market.

Based on the Type of Vehicle:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Medium & High Commercial Vehicles (MHCV)

Here, passenger cars are expecting the largest market share through 2027, principally due to the improving economic conditions of people & their rising inclination toward private ownership of vehicles for local commutate, i.e., demonstrating a rise in the passenger car fleet globally and directly impacting the demand for winter tires.

Moreover, the increasing inclination of consumers toward purchasing passenger cars with pre-installed winter tires, especially across countries with colder temperatures, is further playing a prominent role in driving the global market. Furthermore, with an upswing in tourism & greater focus on delivering cab/taxi services, the sales of passenger cars are elevating rapidly & positively influencing the demand for winter tires.

Regional Landscape

Geographically, the Global Winter Tire Market expands across:

  • North America
  • Europe
  • Russia & CIS
  • Asia-Pacific

Amongst all regions globally, Europe is anticipated to dominate the Winter Tire Market with the largest share during 2022-27. It attributes primarily to different countries across the region with colder temperatures and snow-packed & icy roads during most months.

Finland, Sweden, Estonia, Latvia, Lithuania, Bulgaria, Croatia, Slovenia, and the UK, among others, are the most prominent countries where governments have made it mandatory for vehicle owners to install winter tires. It, in turn, is also generating growth opportunities for the leading players to introduce new varieties of winter tires equipped with different features, budgets, & benefits and, in turn, expand their product portfolio & customer base across the region.

Moreover, as the vehicle fleet across the UK is rapidly increasing, especially with the growing inclination toward Electric Vehicles (EV) to curb carbon emissions, the demand for winter tires is expected to soar exponentially and propel the regional market growth in the coming years.

Key Questions Answered in the Market Research Report:

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

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Frequently Asked Questions

   A. The Global Winter Tire Market is projected to grow at a CAGR of around 5.12% during 2022-27.

   A. A swift inclination toward timely inspection of vehicles & tires to ensure optimum safety & enhance the overall driving experience on snowy & icy roads are the key factors driving the Global Winter Tire Market.

   A. Growing adoption of EVs to curb carbon emissions, i.e., instigating leading tire manufacturers to introduce a variety of EV-compatible winter tires and meet the rising consumer requirements worldwide, is the emerging trend in the Global Winter Tires.

   A. anticipated

  1. Research Methodology
    1. Research Process
    2. Assumptions
    3. Glossary
    4. Market Segmentation
  2. Executive Summary
  3. Global Winter Tire Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Market Revenues
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Passenger Car
        2. Light Commercial Vehicle (LCV)
        3. Medium & High Commercial Vehicle (MHCV)
        4. Others
      2. By OEM Vs Replacement
      3. By Region
        1. North America
        2. Europe
        3. Russia & CIS
        4. Asia Pacific
      4. By Sales Channel
        1. Exclusive Stores
        2. Authorized Dealers or Distributors
        3. Others
      5. By Price Category
        1. Budget
        2. Economy
        3. Premium
      6. By Rim Diameter
        1. Upto 12”
        2. 12.1” to 15”
        3. 15.1” to 18”
        4. 18” to 22.5”
        5. Above 22.5”
      7. By Company
        1. Market Share, By Competitors
        2. Competitor Strategic Factorial Indexing
        3. Competitor Evaluation on MarkNtel Quadrant
  4. North America Winter Tire Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Market Revenues
    2. Market Share & Analysis
      1. By Type of Vehicle
      2. By OEM Vs Replacement
      3. By Price Range
      4. By Company
      5. Country
        1. The United States
        2. Canada
    3. The United States Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    4. Canada Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
  5. Europe Winter Tire Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Market Revenues
    2. Market Share & Analysis
      1. By Type of Vehicle
      2. By OEM Vs Replacement
      3. By Price Range
      4. By Company
      5. Country
        1. Austria
        2. Bosnia Herzegovina
        3. Belgium
        4. Bulgaria
        5. Czech Republic
        6. Denmark
        7. Estonia
        8. Finland
        9. France
        10. Germany
        11. Latvia
        12. Lithuania
        13. Norway
        14. Poland
        15. Romania
        16. Spain
        17. Serbia
        18. Slovenia
        19. Slovakia
        20. Sweden
        21. Switzerland
        22. Ukraine
        23. The United Kingdom
    3. Austria Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    4. Bosnia and Herzegovina Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    5. Czech Republic Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    6. Denmark Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    7. Estonia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    8. Finland Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    9. Estonia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    10. Finland Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    11. France Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    12. Germany Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    13. Ireland Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    14. Latvia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    15. Lithuania Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    16. Norway Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    17. Poland Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    18. Romania Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    19. Serbia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    20. Slovenia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    21. Slovakia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    22. Sweden Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    23. Spain Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    24. Switzerland Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    25. Ukraine Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    26. The United Kingdom (UK) Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
        1. Units Sold
        2. Market Revenues
      2. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
  6. Russia & CIS Winter Tire Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Market Revenues
    2. Market Share & Analysis
      1. By Type of Vehicle
      2. By OEM Vs Replacement
      3. By Price Range
      4. By Company
      5. Country
        1. Russia
        2. Armenia
        3. Kazakhstan
        4. Belarus
    3. Russia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    4. Armenia Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    5. Kazakhstan Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range Kyrgyzstan
    6. Belarus Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
  7. Asia Pacific Winter Tire Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Market Revenues
    2. Market Share & Analysis
      1. By Type of Vehicle
      2. By OEM Vs Replacement
      3. By Price Range
      4. By Company
      5. By Country
        1. China
        2. Japan
        3. South Korea
    3. China Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    4. Japan Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
    5. South Korea Winter Tire Outlook, 2017-2027
      1. Market Size & Analysis
      2. Units Sold
      3. Market Revenues
      4. Market Share & Analysis
        1. By Type of Vehicle
        2. By OEM Vs Replacement
        3. By Price Range
  8. Global Winter Tire Market Trends & Insights
  9. Global Winter Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  10. Competition Outlook
    1. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Bridgestone
      2. Michelin
      3. Goodyear
      4. Continental
      5. Nokian
      6. Hankook
      7. Pirelli
      8. Yokohama
      9. Sumitomo
      10. Toyo
      11. Kumho
  11. Disclaimer


Global Winter Tire Market Segmentation

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.

Data Trangulation

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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