The Pneumatic Tyres Market is expected to grow at a healthy rate of 5% to 6% from 2021 to 2031

The pneumatic tyres market refers to the global industry that produces and sells tyres with an air-filled cavity or chamber, typically made from rubber, for use on various types of vehicles, including cars, trucks, buses, motorcycles, bicycles, and off-road vehicles. Pneumatic tyres are designed to provide a cushioning effect and absorb shock, resulting in a smoother ride and better handling for the vehicle. They are also designed to provide better traction and grip on various types of surfaces, including asphalt, concrete, dirt, and gravel.

The global pneumatic tyres market is highly competitive and is dominated by a few major players, including Bridgestone, Michelin, Goodyear, and Continental. These companies invest heavily in research and development to improve the performance and durability of their tyres, as well as to develop new materials and technologies that can reduce rolling resistance, increase fuel efficiency, and improve safety. The demand for pneumatic tyres is driven by various factors, including growth in the automotive industry, increasing demand for commercial vehicles, and growth in the construction and mining industries. The market is also influenced by government regulations related to vehicle safety and fuel efficiency.

In recent years, there has been a growing demand for eco-friendly and sustainable tyres, which are designed to reduce environmental impact by using renewable materials and reducing energy consumption during production and use. This trend is expected to continue in the coming years as consumers become more environmentally conscious and demand more sustainable products.

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Key findings of the Pneumatic Tires market study:

  • The report provides a present market outlook on Pneumatic Tires. Additionally, the Pneumatic Tires market share is anticipated to grow with a CAGR of 6% in the forecast period.
  • Regional breakdown of the Pneumatic Tires market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Pneumatic Tires vendors in detail.
  • Region-wise and country-wise fragmentation of the Pneumatic Tires market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Pneumatic Tires market.
  • Pneumatic Tires price, market share, and Trends forecast for assessment period 2021-2031

Key Segments

·         By Product Type

    • Cross-ply Tires
    • Radial Tires

·         By Vehicle Type

    • Two Wheeler
      • Bicycle
      • Motorcycle
    • Four Wheeler
      • Passenger Cars
      • Commercial Vehicles (Buses, Trucks)
    • Others (Off road Vehicles, Industrial Vehicles, Agricultural Vehicles)

·         By Sales channel

    • OEM
    • Aftermarket

·         By Region

    • North America (U.S., Canada)
    • Latin America (Brazil, Mexico)
    • Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Nordics)
    • East Asia (China, Japan, South Korea)
    • South Asia and Pacific (India, ASEAN Countries, Oceania)
    • Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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What makes this Research different from others?  

  • COVID- Impact analysis- The report includes details of the impact of the pandemic on the Pneumatic Tires market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Pneumatic Tires companies.
  • Industrial trend analysis- The research covers recent trends in the field of Pneumatic Tires which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.
  • Pneumatic Tires Sustainability metrics- The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.

Competitive Landscape

The Pneumatic Tires industry is dominated by some prominent players including

  • Pirelli & C. S.p.A
  • Continental AG
  • Yokohama
  • Michelin
  • Cooper Tire & Rubber Company
  • Bridgestone
  • Kumho Tire Co. Inc.
  • Sumitomo Rubber Industries
  • Hankook Tire.

The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Pneumatic Tires market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Pneumatic Tires brands leading to an impact on the margin profits of firms.

Report Benefits & Key Questions Answered

  • Pneumatic Tires Company & brand share analysis: Company and brand share analysis on Pneumatic Tires reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
  • Pneumatic Tires Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Pneumatic Tires
  • Pneumatic Tires Category & segment level analysis: Fact.MR’s Pneumatic Tires sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
  • Pneumatic Tires Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
  • Post COVID consumer spending on Pneumatic Tires: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
  • Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments