Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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Tires are an important component of the automobile industry where the production and sales of vehicles directly affect the dynamics of the tire industry. Owing to a continuous growth over the past decade, both in terms of volume and revenue, the tire industry currently represents a multibillion dollar industry. Driven by a rising population, urbanization, lifestyle changes and increase in disposable incomes, the purchasing capacity of consumers worldwide has increased significantly. This has propelled the demand of automobiles which in turn is driving the growth of the global tire market.

The global tire market reached figures worth 3 Billion units in 2017, growing at a CAGR of around 4.5% during the last seven years. This market can be broken into two sectors – the OEM and the replacement market. The demand from the OEM tire market is dependent upon the sales of new vehicles and is thus prone to a high degree of cyclicality. Demand in the replacement tire market depends upon the usage patterns and the replacement cycles of existing tires. The replacement tire market is comparatively less cyclical and represents a higher margin business. Region-wise, China currently represents the world’s biggest market for tires. The Chinese automotive industry, in particular, has grown at a tremendous pace and has catalyzed the development of the country’s tire industry, both in terms of production as well as consumption. China was followed by Europe, the United States and Japan.

Tire Market Trends 2018

The report titled “Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” provides a comprehensive insight into the global tire market and the requirements to setup and run a tire manufacturing plant. This includes the analysis of the tire industry both at a global and regional level. The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the tire industry in any manner.

What we have achieved in this report?

Analysis of the global tire market

Focus of the analysis:

  • Current, historical and future trends in the global tire industry
  • Key players in the global market
  • Breakup of the global market by region
  • Breakup of the global market by application
  • Breakup of the global market by segment


Analysis of key developed and emerging tire markets

Regions Covered: China, European, US, Japanese, Indian, Russian and Brazilian

Focus of the analysis for each region:

  • Current and historical market trends
  • Market breakup by application
  • Key players
  • Market forecast


Understanding the requirements to setup and run a tire manufacturing plant

Key Questions Answered in This Report:

  • How has the tire market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global tire industry?
  • What are the various stages in the value chain of the tire industry?
  • What are the key driving factors and challenges in the tire industry?
  • What is the structure of the tire industry and who are the key players?
  • What is the degree of competition in the tire industry?
  • What are the profit margins in the tire industry?
  • What are the key requirements for setting up a tire plant?
  • How is tire manufactured?
  • What are the various unit operations involved in a tire plant?
  • What is the total size of land required for setting up a tire plant?
  • What are the machinery requirements for setting up a tire plant?
  • What are the raw material requirements for setting up a tire plant?
  • What are the packaging requirements for tire?
  • What are the transportation requirements for tire?
  • What are the utility requirements for setting up a tire plant?
  • What are the manpower requirements for setting up a tire plant?
  • What are the infrastructure costs for setting up a tire plant?
  • What are the capital costs for setting up a tire plant?
  • What are the operating costs for setting up a tire plant?
  • What will be the income and expenditures for a tire plant?
  • What is the time required to break-even?

1    Preface
2    Research Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Tire Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
    5.3    Market Breakup by Segment
        5.3.1    OEM Market
        5.3.2    Replacement Market
    5.4    Market Breakup by Application
        5.4.1    Passenger Car/ Light truck
        5.4.2    Commercial Tires (Trucks)
        5.4.3    Commercial Tires (Off- Highway)
    5.5    Market Forecast
    5.6    SWOT Analysis
        5.6.1    Strengths
        5.6.2    Weaknesses
        5.6.3    Opportunities
        5.6.4    Threats
    5.7    Value Chain Analysis
    5.8    Porter’s Five Forces Analysis
        5.8.1    Overview
        5.8.2    Bargaining Power of Buyers
        5.8.3    Bargaining Power of Suppliers
        5.8.4    Degree of Competition
        5.8.5    Threat of New Entrants
        5.8.6    Threat of Substitutes
    5.9    Key Success and Risk Factors
6    Competitive Landscape
    6.1    Market Structure
    6.2    Market Breakup by Key Players
7    Performance of Key Regions
    7.1    India
        7.1.1    Market Overview
        7.1.2    Market Performance
        7.1.3    Market Breakup by Application
        7.1.4    Market Forecast
        7.1.5    Key Players
    7.2    Japan
        7.2.1    Market Overview
        7.2.2    Market Performance
        7.2.3    Market Breakup by Application
        7.2.4    Market Forecast
        7.2.5    Key Players
    7.3    Europe
        7.3.1    Market Overview
        7.3.2    Market Performance
        7.3.3    Market Breakup by Application
        7.3.4    Market Forecast
        7.3.5    Key Players
    7.4    China
        7.4.1    Market Overview
        7.4.2    Market Performance
        7.4.3    Market Breakup by Application
        7.4.4    Market Forecast
        7.4.5    Key Players
    7.5    Russia
        7.5.1    Market Overview
        7.5.2    Market Performance
        7.5.3    Market Breakup by Application
        7.5.4    Market Forecast
        7.5.5    Key Players
    7.6    United States
        7.6.1    Market Overview
        7.6.2    Market Performance
        7.6.3    Market Breakup by Application
        7.6.4    Market Forecast
        7.6.5    Key Players
    7.7    Brazil
        7.7.1    Market Overview
        7.7.2    Market Performance
        7.7.3    Market Breakup by Application
        7.7.4    Market Forecast
        7.7.5    Key Players
8    Tire Manufacturing Process
    8.1    Product Overview
    8.2    Detailed Process Flow
    8.3    Various Types of Unit Operations Involved
    8.4    Mass Balance and Raw Material Requirements
9    Project Details, Requirements and Costs Involved
    9.1    Land Requirements and Expenditures
    9.2    Construction Requirements and Expenditures
    9.3    Plant Machinery
    9.4    Machinery Pictures
    9.5    Raw Material Requirements and Expenditures
    9.6    Raw Material and Final Product Pictures
    9.7    Packaging Requirements and Expenditures
    9.8    Transportation Requirements and Expenditures
    9.9    Utility Requirements and Expenditures
    9.10  Manpower Requirements and Expenditures
    9.11  Other Capital Investments
10    Loans and Financial Assistance
11    Project Economics
    11.1    Capital Cost of the Project
    11.2    Techno-Economic Parameters
    11.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    11.4    Taxation and Depreciation
    11.5    Income Projections
    11.6    Expenditure Projections
    11.7    Financial Analysis
    11.8    Profit Analysis
12    Key Player Profiles
    12.1    Bridgestone Corporation Japan
    12.2    Groupe Michelin France
    12.3    Goodyear Tyre & Rubber Co.
    12.4    Continental AG Germany
    12.5    Pirelli & C. S.p.A.
 

List of Figures

Figure 1: Global: Tire Industry Overview
Figure 2: Global: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 3: Global: Tire Market: Breakup by Segment (in %), 2017
Figure 4: Global: Tire Market: Breakup by Application (in %), 2017
Figure 5: Global: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 6: Global: Tire Industry: SWOT Analysis
Figure 7: Global: Tire Industry: Value Chain Analysis
Figure 8: Global: Tire Industry: Porter’s Five Forces Analysis
Figure 9: Global: Key Players: Breakup by Revenue (in %), 2017
Figure 10: India: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 11: India: Tire Market: Breakup by Application (in %), 2017
Figure 12: India: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 13: India: Key Players: Breakup by Revenue (in %), 2017
Figure 14: Japan: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 15: Japan: Tire Market: Breakup by Application (in %), 2017
Figure 16: Japan: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 17: Japan: Key Players: Breakup by Revenue (in %), 2017
Figure 18: Europe: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 19: Europe: Tire Market: Breakup by Application (in %), 2017
Figure 20: Europe: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 21: Europe: Key Players: Breakup by Revenue (in %), 2017
Figure 22: China: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 23: China: Tire Market: Breakup by Application (in %), 2017
Figure 24: China: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 25: China: Key Players: Breakup by Revenue (in %), 2017
Figure 26: Russia: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 27: Russia: Tire Market: Breakup by Application (in %), 2017
Figure 28: Russia: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 29: Russia: Key Players: Breakup by Sales Volume (in %), 2017
Figure 30: United States: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 31: United States: Tire Market: Breakup by Application (in %), 2017
Figure 32: United States: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 33: United States: Key Players: Breakup by Sales Volume (in %), 2017
Figure 34: Brazil: Tire Market: Volume Trends (in Million Units), 2010-2017
Figure 35: Brazil: Tire Market: Breakup by Application (in %), 2017
Figure 36: Brazil: Tire Market Forecast: Volume Trends (in Million Units), 2018-2023
Figure 37: Brazil: Key Players: Breakup by Sales Volume (in %), 2017
Figure 38: Tire Manufacturing Plant: Detailed Process Flow
Figure 39: Tire Manufacturing Process: Conversion Rate of Products
Figure 40: Tire Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 41: Tire Industry: Profit Margins at Various Levels of the Supply Chain
Figure 42: Tire Production: Manufacturing Cost Breakup (in %)



List of Tables

Table 1: Global: Tire Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Tire Market: Market Forecast by Application, 2018-2023
Table 3: Tire Manufacturing Costs Related to Land and Site Development (in US$)
Table 4: Tire Manufacturing Costs Related to Civil Works (in US$)
Table 5: Tire Manufacturing Costs Related to Machinery (in US$)
Table 6: Raw Material Requirements
Table 7: Costs Related to Salaries and Wages (in US$)
Table 8: Costs Related to Other Capital Investments (in US$)
Table 9: Details of Financial Assistance Offered by Financial Institutions
Table 10: Capital Costs (in US$)
Table 11: Techno-Economic Parameters
Table 12: Taxation and Depreciation
Table 13: Income Projections (in US$)
Table 14: Expenditure Projections (in US$)
Table 15: Cash Flow Analysis Without Considering the Income Tax Liability
Table 16: Cash Flow Analysis on Considering the Income Tax Liability
Table 17: Profit and Loss Account


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