Global Online Tires Market Analysis by Type, Function, vehicle type, sales channel, Tire/Rim size, and Region and segments forecast till 2033
Market Overview
The Global Online Tires market is presently worth USD 2,268 million and is poised to amplify at a CAGR of 3.8%, thereby amassing a valuation of USD 218,870 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 2,268 Million |
Market Forecast in 2033 | USD 218,870 Million |
CAGR % 2023-2033 | 3.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Function, vehicle type, sales channel, Tire/Rim size |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | CEAT, Continental, Cooper, Dunlop, Goodyear, Hankook, JK Tyre, Kumho Tire, Michelin North America Inc., Pirelli, Sumitomo, Tire Rack, TireConnect, Tire-Easy, Triangle Tires, Tyre World Kenilworth LTD, Tyremarket.com, Tyresnmore, Tyrewaale, Yokohama, and Others. |
Online Tires- Description
A tyre is a ring-shaped, circular auto part that houses a wheel rim and is inflated with compressed air. Wire, silica, carbon black, steel, natural or synthetic rubber, and other materials are used in its production. By lowering vibrations and boosting shock absorption, it distributes the car's weight from the axle to the ground and gives the car stability. Additionally, it enhances the vehicle's performance, mileage, passenger safety, and wear and tear. Depending on the type of automobile, it is currently frequently offered in a variety of sizes and versions. One of the key elements driving up demand for tyres globally is the rising sales of passenger, luxury, and electric vehicles (EVs) as a result of growing urbanisation and rising consumer spending power.
Additionally, the need for premium quality tyres with a longer operational life, improved stability and reliability, and high puncture resistance is being fuelled by the increased focus on driver and passenger safety as well as the rise in fatal traffic accidents. In addition, major players are introducing airless, lightweight, and three-dimensional (3D) printed) variations. Additionally, they are putting a lot of effort into recovering and recycling old tyres to reduce their negative environmental effects and save a lot of the energy needed to make new ones.
The increasing production and sales of vehicles around the world are the main factors driving the global tyre market. Sales of commercial vehicles like trucks, tractors, and trailers are also advancing the industry. The market will rise over the forecast period due to customer desire for luxury and premium vehicles as well as low-weight cars. Around 88.7 million vehicles were sold globally in 2019, and by 2026, that number is predicted to rise to XX million. Tires are in high demand due to the rise in the sale and demand of automobiles globally.
During the forecast period, the tyre market is anticipated to be driven by the expanding market for electric vehicles. Customers are now increasingly aware of issues with the environment, such as poor air quality, noise pollution, and the depletion of non-renewable natural resources. Manufacturers have been forced to produce and construct ecologically sustainable alternatives in automobiles as a result of the adoption of severe rules to prevent excessive emissions. Thus, electric vehicles are now a much more desirable option for consumers due to increased range, battery life, reliability, and price.
Type Insights
The Radial segment is reckoned to expand with a substantial CAGR over the forecast period attributing to the rising demand for vehicles worldwide.
Function Insights
The Summer segment is anticipated to garner substantial returns over the analysis timeline.
Vehicle type Insights
Passenger segment presently holds the largest market share, and is projected to grow more in the further coming years.
Sales channel Insights
The 12 segment is poised to capture a high market share over 2022-2033 attributing to rising adoption and increasing penetration worldwide.
Tire/Rim size Insights
The Forest management system is expected to generate significant returns over the stipulated timeframe.
Regional Insights
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2023-2033.
Competitive Analysis
The prominent companies defining the competitive terrain of this marketplace are CEAT, Continental, Cooper, Dunlop, Goodyear, Hankook, JK Tyre, Kumho Tire, Michelin North America Inc., Pirelli, Sumitomo, Tire Rack, TireConnect, Tire-Easy, Triangle Tires, Tyre World Kenilworth LTD, Tyremarket.com, Tyresnmore, Tyrewaale, Yokohama, and Others.
Global Online Tires Market- Segmental Analysis
By type
•Radial
•Bias
By function
•Summer
•Winter
•All season
•Track
•Performance
•Others
By vehicle type
•Passenger vehicles
•Light commercial vehicles
•Medium and heavy commercial vehicle
•Buses and trucks
•Off the road
•Two wheelers
•Three wheelers
•Others
By sales channel
•12
•13
•14
•15
•16
•17
•18
•19
•20
•21
•22
•Others
By Tire/Rim size
•Forest management
•Logging management
•Mapwork harvester
•Inventory and logistics management
•Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Online Tires Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Online Tires Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1.Global Online Tires (Tires E-commerce) Market Introduction and Market Overview
1.1.Objective of the Market Research Study
1.2.Online Tires (Tires E-commerce) Market Definition & Description
1.3.Research Data Parameters & Reporting Timelines
1.3.1.Historical Data Reporting Years – 2020 to 2021
1.3.2.Projected Data Reporting Years – 2022 to 2033
1.3.3.Reporting Data Parameters – Value (US$ Million) & Volume (Units)
1.4.Global Online Tires (Tires E-commerce) Market Scope and Market Estimation
1.4.1.Global Online Tires (Tires E-commerce) Overall Market Size & Volume (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2.Global Online Tires (Tires E-commerce) Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5.Online Tires (Tires E-commerce) Market Segmentation
1.5.1.Type of Global Online Tires (Tires E-commerce) Market
1.5.2.Types according to Functions of Global Online Tires (Tires E-commerce) Market
1.5.3.Vehicle Type of Global Online Tires (Tires E-commerce) Market
1.5.4.Tire Size/ Rim Size of Global Online Tires (Tires E-commerce) Market
1.5.5.Sales Channel of Global Online Tires (Tires E-commerce) Market
1.5.6.Key Regions of Global Online Tires (Tires E-commerce) Market
2.Global Online Tires (Tires E-commerce) Market - Executive Summary
2.1.Global Online Tires (Tires E-commerce) Market – Summary & Snapshot
2.2.Global Online Tires (Tires E-commerce) Market, By Type (US$ Million) & (Units)
2.3.Global Online Tires (Tires E-commerce) Market, By Function (US$ Million) & (Units)
2.4.Global Online Tires (Tires E-commerce) Market, By Vehicle Type (US$ Million) & (Units)
2.5.Global Online Tires (Tires E-commerce) Market, By Tire Size/ Rim Size (US$ Million) & (Units)
2.6.Global Online Tires (Tires E-commerce) Market, By Sales Channel (US$ Million) & (Units)
2.7.Global Online Tires (Tires E-commerce) Market, By Geography (US$ Million) & (Units)
2.8.Global Online Tires (Tires E-commerce) Market Outlook & Future Opportunities
3.Online Tires (Tires E-commerce) Market Trends, Outlook, and Factors Analysis
3.1.Global Online Tires (Tires E-commerce) Market Industry Development Trends under COVID-19 Outbreak
3.1.1.Global COVID-19 Status Overview
3.1.2.Influence of COVID-19 Outbreak on Global Online Tires (Tires E-commerce) Market Industry Development
3.1.3.Pre & Post COVID-19 Trends and Scenarios
3.2.Online Tires (Tires E-commerce) Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1.Drivers
3.2.1.1.The growth of mobile phones and the transition from calling to browsing has fueled online shopping.
3.2.1.2.The increasing adoption of internet connections.
3.2.1.3.Growing demand for light commercial vehicles across developing countries across the globe
3.2.2.Restraints
3.2.2.1.Concerns about the gathering and use of personal information on shopping websites.
3.2.3.Opportunities
3.2.3.1.Increasing number of passenger vehicles on road
3.2.3.2.Increased infrastructure development, as well as an increase in building and mining activities
3.2.4.Impact Analysis of Drivers and Restraints
3.3.Ecosystem/ Value Chain Analysis
3.4.Porter’s Five Forces Analysis
3.5.SWOT Analysis
3.6.PEST Analysis
3.7.Average Selling Prices and Pricing Trends Analysis of Online Tires (Tires E-commerce) Market
3.8.Technological Roadmap
3.9.Key Investment Pockets of Online Tires (Tires E-commerce) Market
3.9.1.By Type
3.9.2.By Function
3.9.3.By Vehicle Type
3.9.4.By Tire Size/ Rim Size
3.9.5.By Sales Channel
3.9.6.By Regions
4.Global Online Tires (Tires E-commerce) Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1.Global Online Tires (Tires E-commerce) Market, 2020 – 2021 (US$ Million) & (Units)
4.2.Global Online Tires (Tires E-commerce) Market, By Type, 2020 to 2021 (US$ Million) & (Units)
4.3.Global Online Tires (Tires E-commerce) Market, By Function, 2020 to 2021 (US$ Million) & (Units)
4.4.Global Online Tires (Tires E-commerce) Market, By Vehicle Type, 2020 to 2021 (US$ Million) & (Units)
4.5.Global Online Tires (Tires E-commerce) Market, By Tire size/Rim Size, 2020 to 2021 (US$ Million) & (Units)
4.6.Global Online Tires (Tires E-commerce) Market, By Sales Channel, 2020 to 2021 (US$ Million) & (Units)
4.7.Global Online Tires (Tires E-commerce) Market, By Region, 2020 to 2021 (US$ Million) & (Units)
5.Global Online Tires (Tires E-commerce) Market Estimates & Forecast Trend Analysis, by Type
5.1.Global Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2.Global Online Tires (Tires E-commerce) Market (US$ Million) & (Units) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1.Radial
5.2.2.Bias
6.Global Online Tires (Tires E-commerce) Market Estimates & Forecast Trend Analysis, by Function
6.1.Global Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, by Function, 2022 & 2033
6.2.Global Online Tires (Tires E-commerce) Market (US$ Million) & (Units) Estimates and Forecasts, by Function, 2022 to 2033
6.2.1.Summer
6.2.2.Winter
6.2.3.All Season
6.2.4.Track
6.2.5.Performance
6.2.6.Others
7.Global Online Tires (Tires E-commerce) Market Estimates & Forecast Trend Analysis, by Vehicle Type
7.1.Global Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, by Vehicle Type, 2022 & 2033
7.2.Global Online Tires (Tires E-commerce) Market (US$ Million) & (Units) Estimates and Forecasts, by Vehicle Type, 2022 to 2033
7.2.1.Passenger Vehicles
7.2.2.Light Commercial Vehicle
7.2.3.Medium and Heavy Commercial Vehicle
7.2.4.Buses and Trucks
7.2.5.Off the Road
7.2.6.Two Wheelers
7.2.7.Three Wheelers
7.2.8.Others
8.Global Online Tires (Tires E-commerce) Market Estimates & Forecast Trend Analysis, by Tire Size/ Rim Size
8.1.Global Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, by Tire Size/ Rim Size, 2022 & 2033
8.2.Global Online Tires (Tires E-commerce) Market (US$ Million) & (Units) Estimates and Forecasts, by Tire Size/ Rim Size, 2022 to 2033
8.2.1.12
8.2.2.13
8.2.3.14
8.2.4.15
8.2.5.16
8.2.6.17
8.2.7.18
8.2.8.19
8.2.9.20
8.2.10.21
8.2.11.22
8.2.12.Others
9.Global Online Tires (Tires E-commerce) Market Estimates & Forecast Trend Analysis, by Sales Channel
9.1.Global Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, by Sales Channel, 2022 & 2033
9.2.Global Online Tires (Tires E-commerce) Market (US$ Million) & (Units) Estimates and Forecasts, by Sales Channel, 2022 to 2033
9.2.1.OEM
9.2.2.Aftermarkets
10.Global Online Tires (Tires E-commerce) Market Analysis and Forecast, by Region
10.1.Global Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
10.2.Global Online Tires (Tires E-commerce) Market (US$ Million) & (Units) Estimates and Forecasts, by Region, 2022 to 2033
10.2.1.North America
10.2.2.Europe
10.2.3.Asia Pacific
10.2.4.Middle East and Africa
10.2.5.Latin America
11.North America Online Tires (Tires E-commerce) Market: Estimates & Forecast Trend Analysis
11.1.North America Online Tires (Tires E-commerce) Market Assessments & Key Findings
11.2.North America Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3.North America Online Tires (Tires E-commerce) Market Size & Volume Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
11.3.1.By Type
11.3.2.By Function
11.3.3.By Vehicle Type
11.3.4.By Tire Size/ Rim Size
11.3.5.By Sales Channel
11.3.6.By Major Country
11.3.6.1.The U.S.
11.3.6.2.Canada
12.Europe Online Tires (Tires E-commerce) Market: Estimates & Forecast Trend Analysis
12.1.Europe Online Tires (Tires E-commerce) Market Assessments & Key Findings
12.2.Europe Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3.Europe Online Tires (Tires E-commerce) Market Size & Volume Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
12.3.1.By Type
12.3.2.By Function
12.3.3.By Vehicle Type
12.3.4.By Tire Size/ Rim Size
12.3.5.By Sales Channel
12.3.6.By Major Country
12.3.6.1.Germany
12.3.6.2.The U.K.
12.3.6.3.France
12.3.6.4.Italy
12.3.6.5.Spain
12.3.6.6.Rest of Europe (includes all other European countries)
13.Asia Pacific Online Tires (Tires E-commerce) Market: Estimates & Forecast Trend Analysis
13.1.Asia Pacific Online Tires (Tires E-commerce) Market Assessments & Key Findings
13.2.Asia Pacific Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3.Asia Pacific Online Tires (Tires E-commerce) Market Size & Volume Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
13.3.1.By Type
13.3.2.By Function
13.3.3.By Vehicle Type
13.3.4.By Tire Size/ Rim Size
13.3.5.By Sales Channel
13.3.6.By Major Country
13.3.6.1.China
13.3.6.2.Japan
13.3.6.3.India
13.3.6.4.ASEAN
13.3.6.5.South Korea
13.3.6.6.Rest of Asia Pacific (includes all other Asia Pacific countries)
14.Middle East & Africa Online Tires (Tires E-commerce) Market: Estimates & Forecast Trend Analysis
14.1.Middle East & Africa Online Tires (Tires E-commerce) Market Assessments & Key Findings
14.2.Middle East & Africa Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3.Middle East & Africa Online Tires (Tires E-commerce) Market Size & Volume Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
14.3.1.By Type
14.3.2.By Function
14.3.3.By Vehicle Type
14.3.4.By Tire Size/ Rim Size
14.3.5.By Sales Channel
14.3.6.By Major Country
14.3.6.1.GCC
14.3.6.2.South Africa
14.3.6.3.Egypt
14.3.6.4.Rest of Middle East & Africa (includes all other Middle East & Africa countries)
15.Latin America Online Tires (Tires E-commerce) Market: Estimates & Forecast Trend Analysis
15.1.Latin America Market Assessments & Key Findings
15.2.Latin America Online Tires (Tires E-commerce) Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3.Latin America Online Tires (Tires E-commerce) Market Size & Volume Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
15.3.1.By Type
15.3.2.By Function
15.3.3.By Vehicle Type
15.3.4.By Tire Size/ Rim Size
15.3.5.By Sales Channel
15.3.6.By Major Country
15.3.6.1.Brazil
15.3.6.2.Mexico
15.3.6.3.Rest of Latin America (includes all other Latin America countries)
16.Competitive Landscape
16.1.Online Tires (Tires E-commerce) Market Revenue Share Analysis (%), by Major Players (2021)
16.2.Online Tires (Tires E-commerce) Market Competition Matrix, by Leading Players
16.3.Online Tires (Tires E-commerce) Market List of Emerging, Prominent and Leading Players
16.4.Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
17.Company Profiles
17.1.Bridgestone
17.1.1.Company Overview & Insights
17.1.2.Financial Performance
17.1.3.Product / Service Portfolio
17.1.4.Geographical Footprint & Share
17.1.5.Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
17.2.CEAT
17.3.Continental
17.4.Cooper
17.5.Dunlop
17.6.Goodyear
17.7.Hankook
17.8.JK Tyre
17.9.Kumho Tire
17.10.Michelin North America Inc.
17.11.Pirelli
17.12.Sumitomo
17.13.Tire Rack
17.14.TireConnect
17.15.Tire-Easy
17.16.Triangle Tires
17.17.Tyre World Kenilworth LTD
17.18.Tyremarket.com
17.19.Tyresnmore
17.20.Tyrewaale
17.21.Yokohama
17.22.Others
18.Assumptions and Research Methodology
18.1.Data Mining
18.2.Secondary Research
18.3.Primary Research
18.4.Subject Matter Expert Advice
18.5.Quality Check
18.6.Final Review
18.7.Data Triangulation
18.8.Bottom-Up Approach
18.9.Top Down Approach
18.10.Research Flow
18.11.Key Insights from Industry Experts
18.12.Data Sources
18.13.Assumptions
18.14.Limitations
19.Conclusions and Recommendations
19.1.Key Research Findings and Conclusion
19.2.Key Insights & Recommendations from Analysts
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Market Research Process
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
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Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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