Automotive Tires Market for OE & Replacement worth $113.1 billion by 2025
                     MarketsandMarkets 
Presents
Automotive Tires Market for OE & 
Replacement worth $113.1 billion 
by 2025
https://
www.marketsandmarkets.com/Market-Reports/automotive-tire-mark
et-40166492.html
 
The report "Tires Market for OE & Replacement by Rim Size (13-15, 
16-18, 19-21,>21 inches), Replacement Market, by Aspect Ratio 
(70), Section Width (230 mm), 
Season, Vehicle Type, Retreading Market, and Region - Global 
Forecast to 2025", The tires replacement market is projected to grow at 
a CAGR of 1.8% to reach a market size of USD 113.1 billion by 2025 from 
101.7 billion in 2019. 
The replacement market is primarily driven by the increasing average life 
of vehicles and average annual miles traveled by light-duty vehicles.
Browse 143 market data Tables and 76 Figures spread 
through 253 Pages and in-depth TOC on “Automotive Tires 
Market for OE & Replacement”
The automotive tires market is dominated by a few global players and 
comprises several regional players. Some of the key manufacturers 
operating in the market are Bridgestone Corporation (Japan), Continental 
AG (Germany), The Goodyear Tire & Rubber Company (The U.S.), Michelin 
(France), and Pirelli & C. S.p.A (Italy). There are certain key innovators 
gaining attention in the tires market including CODA Development (Czech 
Republic), Kumho Tires (South Korea), and Nokian Tyres (Finland).
“Passenger cars to be the largest vehicle type in the tires 
market for OE and replacement.”
Passenger car vehicle type is expected to dominate the tires market for 
OE and replacement. According to OICA, the passenger car production is 
estimated to be 58.7 million units. Also, the passenger car production is 
expected to account for ~70% of the total vehicle production in 2019 for 
select countries. With an increase in sales and increased average life of 
passenger cars, the passenger car fleet has also risen over the period. 
Based on another report from OICA, the passenger car parc is estimated 
to witness slight growth in 2019 as compared to 2018. This rise in sales 
and parc of passenger cars has influenced the demand for tires in OE as 
well as in the replacement market. However, factors such as increased 
average replacement life of tires with the advancement in the 
technologies, and fluctuating raw material prices may hamper the tire 
demand in the aftermarket.
Get The PDF Brochure For This Report @ https://
www.marketsandmarkets.com/pdfdownloadNew.asp?id=40166492 
“Light commercial vehicles to witness significant growth in the tires 
retreading market.”
Retreading of tires has always been a popular concept with heavy 
commercial vehicles, but with time the potential benefits of using it for light 
commercial vehicles have been noticed. In a light-duty vehicle, single tire 
manufacturing consumes on an average 26 liters of oil, however retreading of 
the same tire consumes only 9 liters of oil which is almost 34% of the new 
manufacturing process. On the other hand, according to Retread Tire 
Association, for large SUVs, a new set of four tires cost for around USD 1,000. 
Almost 50% of the cost is saved by adopting retreading for light-duty 
vehicles. Thus retreading suppliers are now focusing on light-duty vehicle 
retreading along with certain tire manufacturers entering into the retreading 
business, such as The Goodyear Tire & Rubber Company (U.S.) which has 
more than 1,700 tire retreading and service centers for commercial vehicles.
Request FREE Sample Report @ https://
www.marketsandmarkets.com/requestsampleNew.asp?id=40166492 
“Asia-Oceania to grow at the highest CAGR during the forecast 
period for tires OE and replacement market.”
Asia-Oceania is estimated to dominate the tires market for OE and 
replacement. The growth in Asia-Oceania is attributed to increasing vehicle 
production in Asian countries, which includes China, India, Japan, and South 
Korea. Asia Pacific spearheaded by China and India holds the lion’s share in 
the vehicle production across the globe. 
The increase in sales of the vehicles is owing to various factors such as 
increasing per capita income coupled with the growing demand for SUVs 
and premium segment vehicles. On the other hand, the tires aftermarket 
is driven by growth in automobile ownership per capita and the shifting 
demand of customers towards the use of low rolling resistance tires.
To speak to our analyst for a discussion on the above findings, click 
Speak to Analyst
Key questions addressed by the report:
• How the OE and Aftermarket demand varies by region and vehicle 
type?
• What would be the demand of tire rim size by vehicle type and region?
• How will tires retreading market shape up in the future?
• What are the current and future tire material trends in the market?
• How the penetration of season tires varies by region (summer, winter, 
and all-season)?
• Which are the key players in the global tire market?
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high 
growth niche opportunities/threats which will impact 70% to 80% of 
worldwide companies’ revenues. Currently servicing 5000 customers 
worldwide including 80% of global Fortune 1000 companies as clients. Almost 
75,000 top officers across eight industries worldwide approach 
MarketsandMarkets™ for their painpoints around revenues decisions. 
 
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking 
global high growth markets following the "Growth Engagement Model – GEM". 
The GEM aims at proactive collaboration with the clients to identify new 
opportunities, identify most important customers, write "Attack, avoid and 
defend" strategies, identify sources of incremental revenues for both the 
company and its competitors. MarketsandMarkets™ now coming up with 
1,500 MicroQuadrants (Positioning top players across leaders, emerging 
companies, innovators, strategic players) annually in high growth emerging 
segments. MarketsandMarkets™ is determined to benefit more than 10,000 
companies this year for their revenue planning and help them take their 
innovations/disruptions early to the market by providing them research ahead 
of the curve. 
 
MarketsandMarkets’s flagship compehttitipves :/in/ telligence and market research 
pwlawtfwo.rm,a r"RkTe"t scaondnemctasr koevtesr .c2o00m,0/M00a rmkaertk-eRtes paonrdt se/natuirteo mvaoluteiv ceh-atiirnes -mfora rk
deet-e4p0er1 6u6n4de9r2st.ahntdminlg of the unmet insights along with market sizing and 
forecasts of niche markets.   
 
Contact Us
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected] 
MarketsandMarkets Blog
http://www.marketsandmarkets.com
http://twitter.com/marketsmarkets
http://www.linkedin.com/company/marketsandmarkets