Tires and wheels are integral to automotive manufacturing. The tires and wheels industry includes tires (automotive and off-the road), wheels and related components and is dominated by global players like Bridgestone, Michelin, Goodyear, Continental among others. The global tires and wheels industry has witnessed a gradual recovery since 2014, primarily driven by an improving overall economy, increased automotive production, technological advancement and demand for replacement tires. However, the industry still remains sensitive to the volatile raw material prices and the cyclicality of the OEM market. Geographically, Asia-Pacific (particularly China), remains the biggest market for tires and wheels.
Tire manufacturers are continually striving for technological improvements to keep pace with the advancement in vehicular technology, to support fuel efficiency and to adhere to more stringent environmental norms. Increased focus on driving safety and convenience has resulted in advanced tire technologies like “all-season tires”, offering equal performance in summer and winter as well as “run-flat” tires, which enable safe driving for some distance even after a puncture. Bridgestone is in the process of developing “airless” tires, which might become a reality very soon. Wheels industry is also witnessing the transition from chrome to physical vapour deposition finish and adoption of “flow-forming” technology over forged wheel.
ASDReport.com is a one-stop shop for all your market research requirements for global or regional tires and wheels markets, providing rich and in-depth insights and analysis across the tires and wheels value chain. The coverage ranges from finished products (OEMs and replacements tires and wheels) across vehicle types and geographies to raw materials (rubber, carbon black, processing chemicals, etc) and also cover the adjacent products markets (tire pressure monitoring (TPM) systems, tire changers, etc.).