Global Winter Tire Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Winter Tire Market Size, Share & Trends Analysis Report by Type (Studded, and Stud Less), by Vehicle Type (Passenger Vehicles, and Commercial Vehicles), by Sales Channel (OEM and Aftermarket), and Forecast, 2019-2025
Snow tires are tires specifically designed for the smooth and safe riding on icy and snowy roads. Unlike the summer tires or normal tires, these tires are having a tread design with larger gaps. Such tread design is specifically employed for efficient traction on icy and snowy hard packed roads. Further, snow tires are designed for specific winter conditions and are capable to drive at temperatures below 7°C (45°F). Snow tires come with two varieties, studded tires and stud less tires. In studded tires, metal or ceramic studs is protruded from the tire, which is used to increase traction on snowy roads. Apart from just snowy and icy surfaces, winter tires can also be operated on various surfaces including wet pavements, muddy areas, dry pavements and so on.
The major factors boosting the growth of the winter tire market is the growth in the automobile industry especially in countries with cold climates. Additionally, there are few combined industry specific and macro-economic factors, which is influencing the growth of the market. Moreover, the government of many cold nations is mandating the use of winter tires in many areas which are expected to boost the demand for winter tires. However, the winter tire market is a niche market and is restricted to cold regions, thus acting as a restraining factor for the expansion of the market. The global winter tire market is segmented into type, vehicle type, sales channel, and region.
On the basis of regions, the market covers North America, Europe, Asia-Pacific, and Rest of the World. Europe is expected to grow at a significant growth rate over the forecast period due to the harsh cold climate and strict government norms across economies of the region. In addition, there are several players that are operating in the global winter tire market. Some of the major market players include Michelin Group, The Goodyear Tire & Rubber Co., Continental AG, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Co., Hankook Tire & Technology Co., Ltd., and Cooper Tire & Rubber Co. among others. These players adopt various strategies in order to stay competitive in the market. Mergers and acquisitions, partnerships and collaborations, product launch, and geographical expansions are some of the majorly adopted strategies among market players.
The market study of the global winter tire market which is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for winter tire manufacturers, research organizations, insurance companies, government organizations, and third-party suppliers for overall market analysis and competitive analysis. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.