Report Update: Apr 1, 2024

World - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights

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Passenger Car Tire Market

Passenger car tire market: discover recently published statistics enhanced by an Ai-driven BI platform. Data cover market prices, imports, market size, trade, production, exports, companies, and consumption. There is a breakdown by region, including the U.K., the U.S., Russia, Latin America, the Middle East, Africa, China, and EU. Market dynamics and forecast to 2030 are also featured in the reports.

Get FREE access to the latest data and statistics on the Passenger Car Tire Market.

Passenger Car Tire - World's Largest Markets

Rating	Country
1	United States
2	China
3	India
4	Indonesia
5	Japan

In value terms, the largest passenger car tyre markets worldwide were the United States, China and India, with a combined 40% share of the global market. These countries were followed by Indonesia, Japan, Germany, France, Canada, South Korea, the UK, Russia, Brazil and Thailand, which together accounted for a further 30%.

In terms of the main consuming countries, France saw the highest rates of growth with regard to market size, over the period under review, while passenger car tyre market for the other global leaders experienced more modest paces of growth.

Passenger Car Tyre Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per unit			CAGR, 2019-2021
China	25	24	26	1.7%
Thailand	45	41	43	-2.2%
Japan	49	56	44	-5.2%
Poland	41	44	45	5.1%
Romania	42	44	46	4.6%
Spain	41	44	47	6.7%
South Korea	48	46	47	-1.1%
Indonesia	49	56	52	3.2%
Mexico	48	50	52	5.1%
Hungary	54	52	54	-0.2%
Czech Republic	59	58	62	2.8%
Germany	60	62	66	5.3%
Netherlands	58	68	70	10.0%
Average	43	44	45	2.1%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($70 per unit), while China ($26 per unit) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per unit			CAGR, 2019-2021
Netherlands	51	53	58	6.3%
Mexico	44	42	54	11.0%
Canada	55	55	54	-1.2%
Germany	49	50	53	4.2%
Australia	45	46	50	4.6%
United States	54	49	50	-4.4%
Italy	43	44	49	7.3%
Poland	43	44	49	6.1%
France	48	43	47	-1.2%
United Kingdom	41	40	46	5.7%
Japan	48	50	46	-2.5%
Spain	39	40	44	6.3%
Russia	45	35	40	-5.2%
Average	46	45	48	2.0%

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($58 per unit) and Mexico ($54 per unit), while Russia ($40 per unit) and Spain ($44 per unit) were amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

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Passenger Car Tyre - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
United States	8.4	6.9	7.7	-4.1%
Germany	4.2	3.8	4.3	1.0%
France	2.2	1.8	2.5	7.4%
Netherlands	1.6	1.7	2.2	14.4%
United Kingdom	1.9	1.6	2	0.5%

In value terms, the United States ($7.7B), Germany ($4.3B) and France ($2.5B) constituted the countries with the highest levels of imports in 2021, with a combined 34% share of global imports. These countries were followed by the Netherlands, the UK, Italy, Canada, Mexico, Spain, Australia, Poland, Japan and Russia, which together accounted for a further 30%.

Mexico saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Passenger Car Tyre - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	5.6	4.9	6.7	10.1%
Germany	4.1	3.4	3.9	-2.9%
Thailand	3.1	2.8	2.9	-2.5%
South Korea	2.4	1.9	2.2	-4.8%
Netherlands	1.1	1.7	2	36.0%

In value terms, the largest passenger car tyre supplying countries worldwide were China ($6.7B), Germany ($3.9B) and Thailand ($2.9B), with a combined 31% share of global exports. These countries were followed by South Korea, the Netherlands, Japan, Poland, Hungary, Romania, Mexico, the Czech Republic, Indonesia and Spain, which together accounted for a further 37%.

In terms of the main exporting countries, the Netherlands recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Passenger Car Tyre - Market Forecast

Driven by rising demand for passenger car tyre worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Passenger Car Tyre - Top Companies

BRIDGESTONE CORPORATION, Bridgestone Americas, Inc., The Goodyear Tire & Rubber Company, Michelin North America, Inc., SUMITOMO RUBBER INDUSTRIES, LTD., MANUF FRANC PNEUMATIQ MICHELIN, YOKOHAMA RUBBER COMPANY, LIMITED, THE, Bridgestone Americas Tire Operations, LLC, CHENG SHIN RUBBER IND. CO., LTD., TOYO TIRE & RUBBER CO.,LTD., Continental Automotive, Inc., PIRELLI TYRE SPA, HANKOOK TIRE Co., Ltd., Cooper Tire & Rubber Company Inc, MICHELIN REIFENWERKE AG & Co. KG auf Aktien, KUMHO TIRE CO., INC., BRIDGESTONE EUROPE NV SA, APOLLO TYRES LIMITED, MRF LIMITED, Continental Barum s.r.o.

Passenger Car Tire - Product Coverage

HS 401110 - Rubber; new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global passenger car tyre market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023