Global Winter Tire Market Size Analysis, 2019-2028

REPORT ID: BKR1005Domain: AutomotivePublished Date: January 2019
Pages: 257Format: PDF

Winter Tire market size is estimated to be valued over US$ 18.9 Billion in 2019. The industry will register 5.7% growth to create high revenue opportunity for industry players. Close to 20% of the share is captured by winter tires. The demand for such tires is increasing owing to its higher durability and better maneuverability in rough conditions.

Winter tires are designed specifically to offer smooth ride in snow or ice condition. These vehicles have high demand in North America and Europe. In Asia Pacific, sales of such tires is limited to China and South Korea with some portions of sales in North Japan.

Rise in Automobile Vehicles in North America and Europe will Drive Winter Tire Market Demand

Sales of automotive is key factor driving the overall demand for winter tires. In last five years, there has been stable growth in automotive sales. Northern Europe is registering 3.1% annual increase in vehicle sales since 2013. Growth will further accelerate with emergence of electric vehicles.

Increase in automotive sales will directly influence the winter tire sales. These tires are best suited for geographical conditions with temperature below 7 Centigrade. Winter tires enhances handling and brake capacity of vehicles in winter conditions. While these tires offers best safety features, the net penetration rate is just 53%. Higher costs and lower consumer awareness are key factors restraining the actual growth to its peak.

Global Winter Tire Market Size and Forecast: Regional Analysis

Sales of winter tires in Western Europe is estimated to be valued over US$ 9.1 billion in 2018. The region dominated the global sales. Sales is expected to be driven by increasing demand from Balkan States and Northern Europe.

Europe follows strict regulations on implementation of winter tires. It is mandatory to have winter tires in Austria, Belarus, Bosnia and Herzegovina, Czech Republic, Estonia, Finland, Iceland, Germany, Slovenia, Russia, Sweden, Serbia, and Latvia.

North America is another prominent region for winter tires market. The country registered highest number of SUV for past three years. Off-road vehicles sale has also increased by 3.2% between 2013 and 2017. United States demand for high performance tires (including winter tire) is continue to flourish. Higher disposable income along with rise in consumer awareness will continue to boost the regional market.

While the sales was relatively down in 2017 than that in 2016, few companies managed to do well. For instance, Nokian Tyres reported double digit growth. Bridgestone is the market leader in this segment.

Regulatory compliances is also creating favorable ecosystem in the region. In Canada, Quebec and Ontario are the only states that has mandated winter tyres.

Global Winter Tire Market Size and Forecast: Competition Landscape

Some key Automotive Connecting Rods Market Players are:

Nexen Tire Corporation

Cooper Tire & Rubber Company

Bridgestone Corporation

Cheng Shin Rubber Ind. Co., Ltd.

N.V. Apollo Vredestein BeLux S.A.

Continental Aktiengesellschaft

Hangzhou Zhongce Rubber CO., LTD.

Pirelli & C. S.p.A.

Sumitomo Rubber Industries, Ltd.

Nokian Tyres plc

The Yokohama Rubber Co., Ltd.

The Goodyear Tire & Rubber Company

Hankook Tire Co. Ltd.

Toyo Tire & Rubber Company

Industry Segmentation

By Vehicle Type:

  • Diesel Cars
  • Petrol Cars
  • CNG Cars
  • Electric Cars
    • BEV
    • PHEV

By Product Type:

  • Studded
  • Others

By Distribution Network:

  • OEM
  • Aftermarket

What Will You Discover in the Report?

  • An in-depth analysis of the Winter Tire market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Winter Tire market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Winter Tire market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Winter Tire industry during the forecast period
  • Who are the Winter Tire industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Winter Tire Industry Suppliers
  • Winter Tire Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Winter Tire market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Winter Tires Market Overview

  1. Executive Summary
  2. Research Methodology
    • Market Engineering Factors
    • Market Share Methodology
    • Secondary Sources Overview
    • Primary Research Impact
    • Abbreviations and Terminologies
  3. Winter Tires Market Overview
    • Market Outlook and Forecast
      • Historical Industry Size Analysis
      • Projected Industry Size Analysis
    • Growth Forecast Analysis Scenario
      • Conservative Scenario
      • Realistic Scenario
      • Optimistic Scenario
    • List of Key Winter Tires Players
      • Across Regions
    • Value Chain Analysis
      • Profitability Analysis, Across Nodes
      • List of Key Players and Competition Analysis, Across Nodes
    • R&D Spending Analysis
  4. Global Winter Tires Market Size Overview
    • Market Outlook and Forecast
      • Value Sales (US$ Million)
      • Growth Analysis
    • Leading Industry Players
  5. Winter Tires Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
      • Impact Analysis (2018 – 2028)
    • Market Restraints
    • Trends
      • Regional Trends
      • Product Trends
    • Opportunities
    • Marketed Details
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  6. Winter Tires Market, By Vehicle Type
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Diesel Cars
      • Market Size Analysis, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Petrol Cars
      • Market Size Analysis, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • CNG Cars
      • Market Size Analysis, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Electric Cars
      • Market Size Analysis, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  7. Winter Tires Market, By Product Type
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Studded
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  8. Winter Tires Market, By Distribution Networks
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • OEM
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Aftermarket
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2016-2018)
        • Projections (2019-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  9. Winter Tires Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2018 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  10. North America Winter Tires Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Vehicle Type
    • Revenue Analysis (US$ Million), By Distribution Networks
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • United States Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Canada Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
  1. Western Europe Winter Tires Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Vehicle Type
    • Revenue Analysis (US$ Million), By Distribution Networks
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • Germany Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • France Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • UK Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Netherlands Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Spain Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • BENELUX Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Italy Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • NORDIC Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
  1. Central and Eastern Europe (CEE) Winter Tires Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Vehicle Type
    • Revenue Analysis (US$ Million), By Distribution Networks
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • Russia Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Poland Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Ukraine Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Turkey Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
  1. Asia Pacific
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Vehicle Type
    • Revenue Analysis (US$ Million), By Distribution Networks
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • China Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Japan Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • India Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • South Korea Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Australia Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • ASEAN Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Rest of Asia Pacific Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
  1. Latin America Winter Tires Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Vehicle Type
    • Revenue Analysis (US$ Million), By Distribution Networks
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • Brazil Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Argentina Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Chile Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Mexico Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Uruguay Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Rest of Latin America Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
  1. Middle East
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Vehicle Type
    • Revenue Analysis (US$ Million), By Distribution Networks
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • GCC Animation Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Israel Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Iran Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Rest of Middle East Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
  1. Africa Winter Tires Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Vehicle Type
    • Revenue Analysis (US$ Million), By Distribution Networks
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • North Africa Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • Central Africa Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
      • South Africa Winter Tires Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2027
        • Growth Rate Analysis (%), 2018-2027
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
      • Introduction
      • Company Market Share by Regions
    • Key Distributors, By Regional Presence
    • Distribution Channel Matrix
    • Company Profiles
      • Nexen Tire Corporation
        • Overview
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence

Cooper Tire & Rubber Company

Bridgestone Corporation

Cheng Shin Rubber Ind. Co., Ltd.

N.V. Apollo Vredestein BeLux S.A.

Continental Aktiengesellschaft

Hangzhou Zhongce Rubber CO., LTD.

Pirelli & C. S.p.A.

Sumitomo Rubber Industries, Ltd.

Nokian Tyres plc

The Yokohama Rubber Co., Ltd.

The Goodyear Tire & Rubber Company

Hankook Tire Co. Ltd.

Toyo Tire & Rubber Company

Analyst Recommendations

(Key Pointers Covered for all other companies)

Winter Tires Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Winter Tires Market Growth Forecasting Methodology

In order to prepare historical data and analyze Winter Tires market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Winter Tires market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Winter Tires market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Winter Tires industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Winter Tires Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

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2019-01-27T04:06:01+00:00 January 27th, 2019|