Winter Tire Market Size, Share, Report, Analysis, Trends & Forecast to 2026

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According to Stratistics MRC, the Global Winter Tire Market is expected to grow at a CAGR of 6.1% during the forecast period.

Rising growth in the automobile industry particularly in countries with cold climates, growing number of automobiles for both personal and commercial uses, growth of Winter Tires hand in hand with vehicle production are the key driving factors for the market growth.Winter tires is a niche market and is restricted to cold regions, thus acting as a restraining factor for the expansion of the market.

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Winter tires are made from advanced rubber compounds possessing unique tread patterns in order to increase traction while driving on snow and ice. The rubber tread of all-season tires or summer tires becomes stiff in cold conditions and fails to provide the required traction. Usage of advanced rubber compounds and resins in manufacturing of winter tires enables to regain the necessary traction and hence, are widely accepted in countries that experience cold climates.

Based on Rim Size, the 18 inch – 21 inch segment accounted for considerable market share during the forecast period. Rising sales of SUVs and cross-over’s and trends of higher rim size are boosting the demand for winter tires in the 18-inch to 21-inch segment. Demand for large wheels due to their high aesthetic appearance is fueling the demand for bigger rim-size tires. Tires with larger rim size provide better stability and cornering performance as they have shorter tire sidewalls. By geography, Europe is expected to grow at a faster rate due to be the global leader in terms of demand for winter tires, amid presence of countries which offer several incentives and impose certain regulations for the adoption of winter tires. Eastern Europe is also a prominent region, due to presence of snowy regions of Russia and Poland.

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Some of the key players profiled in the Winter Tire Market include Bridgestone Corporation, Cooper Tire & Rubber Company, Hangzhou Zhongce Rubber CO LTD, Cheng Shin Rubber Ind Co Ltd, Continental Aktiengesellschaft, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd, The Goodyear Tire & Rubber Company, The Yokohama Rubber Co Ltd, Toyo Tire & Rubber Company , Hankook Tire Co Ltd, and N.V. Apollo Vredestein BeLux S.A.

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Stud Presences Covered:
• Studded
• Studless

Sales Channels Covered:
• After Market
• Identity Access Management (IAM)
• Original Equipment Manufacturer (OEM)
• Original Equipment Supplier (OES)

Vehicles Covered:
• Passenger Cars
• Light Motor Vehicles
• Medium Motor Vehicles
• Heavy Motor Vehicles

Types Covered:
• Tread Type
• Performance (Pass Cars)
• Tier

Widths Covered:
• 150-200mm
• 201-250mm
• 251-300mm
• 300-400mm
• Above 400mm

Rim Sizes Covered:
• 12’’- 17’’
• 18’’- 21’’
• > 22.5’’

Regions Covered:

North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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Organization: Stratistics Market Research Consulting Pvt Ltd
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Website: http://www.strategymrc.com

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Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
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