Automotive All-Season Tire Market

Automotive All-Season Tire Market: Introduction

• All-season tires are designed to be used at all temperatures above 7 degree Celsius. Hence, all-season tires are extensively utilized across the globe on all types of vehicle, as they are suitable in most areas and majority times of the year, globally, except in cold countries where they are replaced with winter tires during December/January.

Key Drivers of Global Automotive All-Season Tire Market

• Increase in vehicle ownership in developing countries owing to an increase in demand for transportation and a rise in consumer purchase parity is driving the sales of vehicles and in turn the All-Season tire market
• Vehicles are being retained for a longer period and used cars are being increasingly preferred, which are contributing to the higher demand for aftermarket tires, which in turn is boosting the All-Season tire market
• Increase in consumer awareness about vehicle maintenance and expansion of tire dealers and workshops in remote areas have further fueled the global all-season tire market.

Challenges of global automotive all-season tire market

• All-season tires are replaced with winter tires during winter. Moreover, all-weather tires are capable of operating below 7 degree Celsius; consequently, consumers residing in countries experiencing cold weather prefer all-weather tires, as opposed to all-season tires, to minimize the car ownership cost and prevent the hassle of rotating the tires.

Radial segment to hold prominent share of global automotive all-Season tire market

• The radial segment held a prominent share of the global all-season tire market. Radial tires are being widely adopted in passenger vehicles and hence, the radial segment contributes to the lion’s share in the global automotive all-season market

Aftermarket segment to gain market share significantly

• The aftermarket segment held a major share of the all-season tire market, as tires undergo wear & tear and demand periodic replacement. Increase in average age of vehicles and increase in number of on-road vehicles are contributing to the high demand for all-season tires in the aftermarket

Asia Pacific to lead the global automotive all-season tire market

• Asia Pacific held a leading share of the global automotive All-Season tire market owing to high sales of vehicles in the region, particularly in China and India, thereby boosting the demand for tires. Asia Pacific region is followed by Europe and North America owing to the presence of a large number of vehicles on road, which contribute significantly to the all-season tire market in these regions.

Key Players Operating in Global Automotive All-Season Tire Market

The global automotive All-Season tire market witnesses the presence of a large number of players; however, the top six players hold a majority share of the market. A few of the key players operating in the global automotive all-season tire market are:

• Continental AG
• Bridgestone Corporation
• Michelin Group
• Yokohoma Rubber Co., Ltd.
• Pirelli & C.S.p.A.
• The Goodyear Tire & Rubber Co.
• Kumho Tire Co. Inc.
• Sumitomo Rubber Industries, Ltd.
• China National Tire & Rubber Co., Ltd.

Global Automotive All-Season Tire Market: Research Scope

Global Automotive All-Season Tire Market, by Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Global Automotive All-Season Tire Market, by Tire Type

• Radial
• Bias

Global Automotive All-Season Tire Market, by Tire Size

• 12’’-17’’
• 18’’-21’’
• >22’’

Global Automotive All-Season Tire Market, by Sales Channel

• OEM
• Aftermarket

Global Automotive All-Season Tire Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa