The Tires Market is anticipated to reach US$ 169.06 Bn by 2029 from US$ 126.75 Bn in 2022 at a CAGR of 4.2% during a forecast period.Tires Market Overview
Global Tires are an important part of the vehicle, which serves as the point of contact between the road and vehicle. The main functions of tires include load-bearing capacity, safety grip with the road and traction, guide the direction and ensure steering stability of the vehicle. The global sale of vehicles in 2019 was around 88.7 Mn, which is expected to reach xx Mn by 2029. Thus, Tires are in high demand due to the rise in demand and sale of vehicles globally. In terms of production and sales, the Asia Pacific region has the largest tire market. China is the largest market in the region due to its low-cost policies and a large number of manufacturing hubs.To know about the Research Methodology :- Request Free Sample Report
Tires Market Dynamics
Increase in Vehicle Production & Sales
The global tire market is primarily driven by rising vehicle production and sales all over the world. Commercial vehicle sales, such as trucks, tractors, and trailers, are also propelling the market forward. The demand of consumers for low-weight cars, as well as luxury and premium vehicles, is driving the market's growth during the forecast period. Vehicle sales worldwide were about 88.7 million in 2019 and are expected to reach XX million by 2026. As a result of the increased demand for and sale of automobiles across the world, tires are in great demand.Growing Production and Sales of Electric Vehicles:
The growing electric vehicles market is expected to drive the tire market during the forecast period. Customers have been more conscious of environmental problems such as air quality, noise & air pollution, and the loss of non-renewable natural resources. The adoption of strict regulations to reduce excessive emissions has compelled manufacturers to manufacture and build environmentally sustainable alternatives in vehicles. Thus, due to improved range, battery life, reliability, and affordability, electric vehicles have become a much more appealing option for customers. China held the largest market of electric vehicles, which is expected to reach a market value of 3.79 Mn by 2026.COVID-19 Impact on the Global Tires Market
COVID pandemic has a major impact on the market in terms of sales as more than 44% of sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to stringent norms of lockdown and increasing safety concerns. Manufacturing operations have been halted, and the supply chain has been disrupted, resulting in a drop in tire exports in the pandemic. The costs of raw materials hold 65-70 percent of overall tire cost. When there is an increase in the cost of raw materials such as nylon and polyester, as well as rubber fluctuating pricing of raw materials, takes place, which is a major challenge that the tires market faced due to the covid-19 pandemic.Tires Market Segmentation Analysis
In comparison to radial tires, bias tires provide a smoother ride over uneven surfaces. Also, bias tires are less costly than radial tires. Radial tires are becoming more popular in the mining and construction industries, which is driving the growth of the segment during the forecast period. By Vehicle Type, the Passenger Cars Tires segment dominated the market, with market size of US$ xx Bn. in 2022 and expected to grow with a CAGR of 4.3%. The United States dominates the market for the passenger cars segment accounting for 27% of the global sales in 2020. An increase in demand for advanced features, rise in the standard of living, and rise in per capita income of individuals are some of the factors for the growth of the passenger cars tires segment globally. Also, the growing interest of consumers towards safety, premium, luxury, and comfortable vehicles is expected to drive the growth of the passenger cars segment during the forecast period. By Distribution Channel, the OEM segment dominated the market, with a market share of over 70%, and is expected to continue its dominance through 2025. The expansion of the OEM market is aided by the rising production of vehicles and stable output in the automobile sector. Increased consumer awareness of road safety, along with an increase in the frequency of traffic incidents, has compelled tire manufacturers to focus on tire efficiency and performance. Also, the aftermarket segment holds 12% of the market share in 2022. The growing average vehicle life and demand for the replacement of tires is expected to drive the growth of the segment during the forecast period.Regional Insights
In the global market, the U.S. tire market now holds a 28 percent share and is expected to grow at 5.4% during the forecast period. During the forecast period, Europe is expected to reach 593 billion units. Germany is expected to grow at a CAGR of 3.4 percent. Japan and Canada are expected to grow at 2.6 percent and 3.6 percent, respectively, throughout the forecast period.Tire Investment, by Region
The Asia-Pacific region is expected to grow at a CAGR of 5.3 percent during the forecast period. In 2022, the Asia Pacific region holds 48 percent of the global market. The tire market in Asia is diverse, with passenger car and light truck tires dominating. In 2022, China, India, and Japan accounted for 72 percent of the Asia tire market, with 1.3 billion tires valued at $97.4 billion. Although COVID-19 has a significant impact on tire sales in 2020, the Asian tire market is expected to grow by 3.6 percent during the forecast period. The objective of the report is to present a comprehensive analysis of the Global Tires Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Tires Market dynamics, structure by analyzing the market segments and project the Global Tires Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tires Market make the report investor’s guide.Tires Market Scope: Inquire before buying
Tires Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 126.75 Bn. Forecast Period 2023 to 2029 CAGR: 4.2% Market Size in 2029: US $ 169.06 Bn. Segments Covered: by Type Radial Tires Bias Tires Non-Pneumatic Tires by Vehicle Type Passenger Cars Commercial Cars Off-Road Cars by Distribution Channel OEM Aftermarket Tires Market by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)Tires Market Key Players
1. Cooper Tire & Rubber Company (U.S) 2. Goodyear Tire & Rubber Company (U.S) 3. Avon Tyres (U.K) 4. Continental AG (Germany) 5. MITAS A.S. (Czech Republic) 6. Michelin (France) 7. Nokian Tyres Oyj (Finland) 8. Pirelli & C. S.p.A (Italy) 9. Apollo Tyres Ltd (India) 10. MRF (India) 11. CEAT (India) 12. JK Tyre & Industries Ltd (India) 13. Madras Rubber Factory Ltd. (India) 14. Bridgestone Corporation (Japan) 15. Toyo Tire & Rubber Co., Ltd. (Japan) 16. Sumitomo Corporation (Japan) 17. Yokohama Tire Corporation (Japan) 18. Giti Tire Pte. Ltd (Singapore) 19. Cheng Shin Rubber Ind. Co. Ltd (Taiwan) 20. Maxxis International (Taiwan) 21. Hankook Tire Co., Ltd (South Korea) 22. Kumho Tire Co., Inc (South Korea) 23. Nexen Tire Corporation (South Korea) 24. Zhongce Rubber Group Co., Ltd. (China) 25. Sailun Group Co. Ltd. (China) 26. Shandong Linglong Tire Co., Ltd (China) Frequently Asked Questions: 1. Which region has the largest share in Global Tires Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Tires Market? Ans: The Global Tires Market is growing at a CAGR of 4.2% during forecasting period 2023-2029. 3. What is scope of the Global Tires market report? Ans: Global Tires Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Tires market? Ans: The important key players in the Global Tires Market are – Apollo Tyres Ltd, Avon Tyres, Bridgestone Corporation, CEAT, Cheng Shin Rubber Ind. Co. Ltd, Continental AG, Cooper Tire & Rubber Company, Giti Tire Pte. Ltd, Goodyear Tire & Rubber Company, Hankook Tire Co., Ltd, JK Tyre & Industries Ltd, Kumho Tire Co., Inc, Maxxis International, Michelin, MITAS A.S., MRF, Nexen Tire Corporation, Nokian Tyres Oyj, Pirelli & C. S.p.A, and Shandong Linglong Tire Co., Ltd. 5. What is the study period of this market? Ans: The Global Tires Market is studied from 2022 to 2029.
1. Tires Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Tires Market Qualitative Analysis 2.1. Emerging Trends and Innovations in Tire Technology 2.2. Consumer Behavior and Preferences 2.2.1. Factors Influencing Tire Purchase Decisions 2.2.2. Brand Loyalty and Perception 2.2.3. Online Reviews and Social Media Impact 3. Tires Market: Dynamics 3.1. Tires Market Trends by Region 3.1.1. North America Tires Market Trends 3.1.2. Europe Tires Market Trends 3.1.3. Asia Pacific Tires Market Trends 3.1.4. Middle East and Africa Tires Market Trends 3.1.5. South America Tires Market Trends 3.2. Tires Market Dynamics by Region 3.2.1. North America 3.2.1.1. North America Tires Market Drivers 3.2.1.2. North America Tires Market Restraints 3.2.1.3. North America Tires Market Opportunities 3.2.1.4. North America Tires Market Challenges 3.2.2. Europe 3.2.2.1. Europe Tires Market Drivers 3.2.2.2. Europe Tires Market Restraints 3.2.2.3. Europe Tires Market Opportunities 3.2.2.4. Europe Tires Market Challenges 3.2.3. Asia Pacific 3.2.3.1. Asia Pacific Tires Market Drivers 3.2.3.2. Asia Pacific Tires Market Restraints 3.2.3.3. Asia Pacific Tires Market Opportunities 3.2.3.4. Asia Pacific Tires Market Challenges 3.2.4. Middle East and Africa 3.2.4.1. Middle East and Africa Tires Market Drivers 3.2.4.2. Middle East and Africa Tires Market Restraints 3.2.4.3. Middle East and Africa Tires Market Opportunities 3.2.4.4. Middle East and Africa Tires Market Challenges 3.2.5. South America 3.2.5.1. South America Tires Market Drivers 3.2.5.2. South America Tires Market Restraints 3.2.5.3. South America Tires Market Opportunities 3.2.5.4. South America Tires Market Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Technology Roadmap 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Key Opinion Leader Analysis for Tires Industry 3.8. Analysis of Government Schemes and Initiatives for Tires Industry 3.9. Tires Market price trend Analysis (2021-22) 3.10. Tires Market Trade Analysis 3.11. Tires Production Analysis 3.12. The Global Pandemic Impact on Tires Market 4. Tires Market: Global Market Size and Forecast by Segmentation (by Value) (2022-2029) 4.1. Tires Market Size and Forecast, by Type (2022-2029) 4.1.1. Radial Tires 4.1.2. Bias Tires 4.1.3. Non-Pneumatic Tires 4.2. Tires Market Size and Forecast, by Vehicle Type (2022-2029) 4.2.1. Passenger Cars 4.2.2. Commercial Cars 4.2.3. Off-Road Cars 4.3. Tires Market Size and Forecast, by Distribution Channel (2022-2029) 4.3.1. OEM 4.3.2. Aftermarket 4.4. Tires Market Size and Forecast, by region (2022-2029) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Tires Market Size and Forecast by Segmentation (by Value) (2022-2029) 5.1. North America Tires Market Size and Forecast, by Type (2022-2029) 5.1.1. Radial Tires 5.1.2. Bias Tires 5.1.3. Non-Pneumatic Tires 5.2. North America Tires Market Size and Forecast, by Vehicle Type (2022-2029) 5.2.1. Passenger Cars 5.2.2. Commercial Cars 5.2.3. Off-Road Cars 5.3. North America Tires Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.1. OEM 5.3.2. Aftermarket 5.4. North America Tires Market Size and Forecast, by Country (2022-2029) 5.4.1. United States 5.4.1.1. United States Tires Market Size and Forecast, by Type (2022-2029) 5.4.1.1.1. Radial Tires 5.4.1.1.2. Bias Tires 5.4.1.1.3. Non-Pneumatic Tires 5.4.1.2. United States Tires Market Size and Forecast, by Vehicle Type (2022-2029) 5.4.1.2.1. Passenger Cars 5.4.1.2.2. Commercial Cars 5.4.1.2.3. Off-Road Cars 5.4.1.3. United States Tires Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.1.3.1. OEM 5.4.1.3.2. Aftermarket 5.4.2. Canada 5.4.2.1. Canada Tires Market Size and Forecast, by Type (2022-2029) 5.4.2.1.1. Radial Tires 5.4.2.1.2. Bias Tires 5.4.2.1.3. Non-Pneumatic Tires 5.4.2.2. Canada Tires Market Size and Forecast, by Vehicle Type (2022-2029) 5.4.2.2.1. Passenger Cars 5.4.2.2.2. Commercial Cars 5.4.2.2.3. Off-Road Cars 5.4.2.3. Canada Tires Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.2.3.1. OEM 5.4.2.3.2. Aftermarket 5.4.3. Mexico 5.4.3.1. Mexico Tires Market Size and Forecast, by Type (2022-2029) 5.4.3.1.1. Radial Tires 5.4.3.1.2. Bias Tires 5.4.3.1.3. Non-Pneumatic Tires 5.4.3.2. Mexico Tires Market Size and Forecast, by Vehicle Type (2022-2029) 5.4.3.2.1. Passenger Cars 5.4.3.2.2. Commercial Cars 5.4.3.2.3. Off-Road Cars 5.4.3.3. Mexico Tires Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.3.3.1. OEM 5.4.3.3.2. Aftermarket 6. Europe Tires Market Size and Forecast by Segmentation (by Value) 2022-2029 6.1. Europe Tires Market Size and Forecast, by Type (2022-2029) 6.2. Europe Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.3. Europe Tires Market Size and Forecast, by Distribution Channel (2022-2029) 6.4. Europe Tires Market Size and Forecast, by Country (2022-2029) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Tires Market Size and Forecast, by Type (2022-2029) 6.4.1.2. United Kingdom Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.1.3. United Kingdom Tires Market Size and Forecast, by Distribution Channel(2022-2029) 6.4.2. France 6.4.2.1. France Tires Market Size and Forecast, by Type (2022-2029) 6.4.2.2. France Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.2.3. France Tires Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.3. Germany 6.4.3.1. Germany Tires Market Size and Forecast, by Type (2022-2029) 6.4.3.2. Germany Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.3.3. Germany Tires Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.4. Italy 6.4.4.1. Italy Tires Market Size and Forecast, by Type (2022-2029) 6.4.4.2. Italy Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.4.3. Italy Tires Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.5. Spain 6.4.5.1. Spain Tires Market Size and Forecast, by Type (2022-2029) 6.4.5.2. Spain Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.5.3. Spain Tires Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.6. Sweden 6.4.6.1. Sweden Tires Market Size and Forecast, by Type (2022-2029) 6.4.6.2. Sweden Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.6.3. Sweden Tires Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.7. Austria 6.4.7.1. Austria Tires Market Size and Forecast, by Type (2022-2029) 6.4.7.2. Austria Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.7.3. Austria Tires Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Tires Market Size and Forecast, by Type (2022-2029) 6.4.8.2. Rest of Europe Tires Market Size and Forecast, by Vehicle Type (2022-2029) 6.4.8.3. Rest of Europe Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7. Asia Pacific Tires Market Size and Forecast by Segmentation (by Value) 2022-2029 7.1. Asia Pacific Tires Market Size and Forecast, by Type (2022-2029) 7.2. Asia Pacific Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.3. Asia Pacific Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4. Asia Pacific Tires Market Size and Forecast, by Country (2022-2029) 7.4.1. China 7.4.1.1. China Tires Market Size and Forecast, by Type (2022-2029) 7.4.1.2. China Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.1.3. China Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.2. S Korea 7.4.2.1. S Korea Tires Market Size and Forecast, by Type (2022-2029) 7.4.2.2. S Korea Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.2.3. S Korea Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.3. Japan 7.4.3.1. Japan Tires Market Size and Forecast, by Type (2022-2029) 7.4.3.2. Japan Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.3.3. Japan Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.4. India 7.4.4.1. India Tires Market Size and Forecast, by Type (2022-2029) 7.4.4.2. India Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.4.3. India Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.5. Australia 7.4.5.1. Australia Tires Market Size and Forecast, by Type (2022-2029) 7.4.5.2. Australia Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.5.3. Australia Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.6. Indonesia 7.4.6.1. Indonesia Tires Market Size and Forecast, by Type (2022-2029) 7.4.6.2. Indonesia Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.6.3. Indonesia Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.7. Malaysia 7.4.7.1. Malaysia Tires Market Size and Forecast, by Type (2022-2029) 7.4.7.2. Malaysia Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.7.3. Malaysia Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.8. Vietnam 7.4.8.1. Vietnam Tires Market Size and Forecast, by Type (2022-2029) 7.4.8.2. Vietnam Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.8.3. Vietnam Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.9. Taiwan 7.4.9.1. Taiwan Tires Market Size and Forecast, by Type (2022-2029) 7.4.9.2. Taiwan Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.9.3. Taiwan Tires Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.10. Rest of Asia Pacific 7.4.10.1. Rest of Asia Pacific Tires Market Size and Forecast, by Type (2022-2029) 7.4.10.2. Rest of Asia Pacific Tires Market Size and Forecast, by Vehicle Type (2022-2029) 7.4.10.3. Rest of Asia Pacific Tires Market Size and Forecast, by Distribution Channel (2022-2029) 8. Middle East and Africa Tires Market Size and Forecast by Segmentation (by Value) 2022-2029 8.1. Middle East and Africa Tires Market Size and Forecast, by Type (2022-2029) 8.2. Middle East and Africa Tires Market Size and Forecast, by Vehicle Type (2022-2029) 8.3. Middle East and Africa Tires Market Size and Forecast, by Distribution Channel (2022-2029) 8.4. Middle East and Africa Tires Market Size and Forecast, by Country (2022-2029) 8.4.1. South Africa 8.4.1.1. South Africa Tires Market Size and Forecast, by Type (2022-2029) 8.4.1.2. South Africa Tires Market Size and Forecast, by Vehicle Type (2022-2029) 8.4.1.3. South Africa Tires Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.2. GCC 8.4.2.1. GCC Tires Market Size and Forecast, by Type (2022-2029) 8.4.2.2. GCC Tires Market Size and Forecast, by Vehicle Type (2022-2029) 8.4.2.3. GCC Tires Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.3. Nigeria 8.4.3.1. Nigeria Tires Market Size and Forecast, by Type (2022-2029) 8.4.3.2. Nigeria Tires Market Size and Forecast, by Vehicle Type (2022-2029) 8.4.3.3. Nigeria Tires Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.4. Rest of ME&A 8.4.4.1. Rest of ME&A Tires Market Size and Forecast, by Type (2022-2029) 8.4.4.2. Rest of ME&A Tires Market Size and Forecast, by Vehicle Type (2022-2029) 8.4.4.3. Rest of ME&A Tires Market Size and Forecast, by Distribution Channel (2022-2029) 9. South America Tires Market Size and Forecast by Segmentation (by Value) (2022-2029) 9.1. South America Tires Market Size and Forecast, by Type (2022-2029) 9.2. South America Tires Market Size and Forecast, by Vehicle Type (2022-2029) 9.3. South America Tires Market Size and Forecast, by Distribution Channel (2022-2029) 9.4. South America Tires Market Size and Forecast, by Country (2022-2029) 9.4.1. Brazil 9.4.1.1. Brazil Tires Market Size and Forecast, by Type (2022-2029) 9.4.1.2. Brazil Tires Market Size and Forecast, by Vehicle Type (2022-2029) 9.4.1.3. Brazil Tires Market Size and Forecast, by Distribution Channel (2022-2029) 9.4.2. Argentina 9.4.2.1. Argentina Tires Market Size and Forecast, by Type (2022-2029) 9.4.2.2. Argentina Tires Market Size and Forecast, by Vehicle Type (2022-2029) 9.4.2.3. Argentina Tires Market Size and Forecast, by Distribution Channel (2022-2029) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Tires Market Size and Forecast, by Type (2022-2029) 9.4.3.2. Rest Of South America Tires Market Size and Forecast, by Vehicle Type (2022-2029) 9.4.3.3. Rest Of South America Tires Market Size and Forecast, by Distribution Channel (2022-2029) 10. Global Tires Market: Competitive Landscape 10.1. MMR Competition Matrix 10.2. Competitive Landscape 10.3. Key Players Benchmarking 10.3.1. Company Name 10.3.2. Business Segment 10.3.3. End-user Segment 10.3.4. Revenue (2022) 10.3.5. Production of 2022 10.3.6. Company Locations 10.4. Leading Tires Market Companies, by market capitalization 10.5. Market Structure 10.5.1. Market Leaders 10.5.2. Market Followers 10.5.3. Emerging Players 10.6. Mergers and Acquisitions Details 11. Company Profile: Key Players 11.1. Cooper Tire & Rubber Company (U.S) 11.1.1. Company Overview 11.1.2. Production Capacity (2022) 11.1.3. Business Portfolio 11.1.4. Financial Overview 11.1.5. SWOT Analysis 11.1.6. Strategic Analysis 11.1.7. Recent Developments 11.2. Goodyear Tire & Rubber Company (U.S) 11.3. Avon Tyres (U.K) 11.4. Continental AG (Germany) 11.5. MITAS A.S. (Czech Republic) 11.6. Michelin (France) 11.7. Nokian Tyres Oyj (Finland) 11.8. Pirelli & C. S.p.A (Italy) 11.9. Apollo Tyres Ltd (India) 11.10. MRF (India) 11.11. CEAT (India) 11.12. JK Tyre & Industries Ltd (India) 11.13. Madras Rubber Factory Ltd. (India) 11.14. Bridgestone Corporation (Japan) 11.15. Toyo Tire & Rubber Co., Ltd. (Japan) 11.16. Sumitomo Corporation (Japan) 11.17. Yokohama Tire Corporation (Japan) 11.18. Giti Tire Pte. Ltd (Singapore) 11.19. Cheng Shin Rubber Ind. Co. Ltd (Taiwan) 11.20. Maxxis International (Taiwan) 11.21. Hankook Tire Co., Ltd (South Korea) 11.22. Kumho Tire Co., Inc (South Korea) 11.23. Nexen Tire Corporation (South Korea) 11.24. Zhongce Rubber Group Co., Ltd. (China) 11.25. Sailun Group Co. Ltd. (China) 11.26. Shandong Linglong Tire Co., Ltd (China) 12. Key Findings 13. Industry Recommendations 14. Tires Market: Research Methodology