Global Online Tire Market is valued approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027.. Thestires wear out over use due to road friction and need to be replaced. The availability of the tires online on ecommerce platforms aids the customers in choosing the best available tires and also increases the product portfolio. The market progress of Online Tire is chiefly driven by factors such as growing automotive production globally. For instance: as per German trade and investment 5.5 million passenger cars were produced in Germany in 2017 accounting for 30% of the passenger cars manufactured and 20% of the new registrations in the region. followed by Spain with 2.3 million passenger car production and then by UK and France with 1.7 million cars produced. Also, the registration count of new vehicles in Russia increased from 1.6 million in 2017 to 1.8 million in 2018. Additionally, rapid growth in e-commerce industry is another major factor which is augmenting the growth of the market. As per Statista, the retail ecommerce sector accounted for Sales of USD 2.3 trillion in 2017 which increased to USD 2.9 trillion in 2018 and further to USD 3.5 trillion in 2019 globally. However, lack of adequate infrastructure impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Online Tire market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing cars sales and on road cars which demand tire replacement coupled with ease availably and access to online platforms. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising car sales and increasing digitalization would create lucrative growth prospects for the Online Tire market across Asia-Pacific region.

Major market player included in this report are:
Bridgestone Corporation
BF Goodrich
The Goodyear Tire & Rubber Company
The Hankook Tire and Technology
Pirelli & C S.p.A
Toyo Tires Corporation
Sumitomo Corporation
Triangle Tires Group
Continental AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Track and Competition
By Application:
Passenger Car
Commercial Vehicle
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Online Tire Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers