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Pneumatic Tire Market Share, Size, Trends and Growth, By

Product Analysis, Application and Segment Forecasts To
2022

The global pneumatic tire market is expected to reach USD 334.5 billion by 2022, according to a new
report by Grand View Research, Inc. Increasing product use in automotive and aerospace sector on
account of various advantages such as long shelf life, resistance to cuts, punctures and tears is expected
to have a positive impact on the industry over the next seven years.
Various factors including changing lifestyle of consumers and rising disposable income have been
increasing spending on two and four-wheelers such as SUVs, passenger and sports cars which in turn is
expected to drive products need over the next seven years.
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Increasing automotive sales in developing countries, India, China, and Indonesia is expected to propel
growth over the next seven years. After China, India is projected to be the fastest-growing country as
the Government has allowed 100% FDI in the automotive sector. This factor is expected to augment
product demand over the forecast period.

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Pneumatic tire manufacturing requires low technical complexity and high initial infrastructure
investment. Technological advancements and ongoing product innovation to increase yield of raw
materials and reduce cost of the manufacturing process will create immense potential over the next
seven years. However, raw material availability and price volatility coupled with increasing number of
substitutes will challenge growth over the next seven years.
Further key findings from the report suggest:
Replacement sales dominated the industry with revenue estimated over USD 140.00 billion in 2014. The
product is susceptible to changing temperature that results in high internal pressure. Poor road
conditions, overloading of vehicles and weather conditions is expected to augment the replacement
sector over the next seven years
Aircrafts is expected to be the fastest growing vehicle segment in terms of revenue at a CAGR of over
10.0% from 2014 to 2022. The AS50141B standard establishes requirements for manufacturing, testing,
identification, packaging, and quality of tubes for application in commercial and military aircraft wheel
assemblies. Growth of the aerospace sector particularly in U.S. is expected to have a positive impact on
the industry over the next seven years.
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Radial was the largest segment and was valued over USD 130.00 billion in 2014. on account of its
superior characteristics including flexible side wall and strength. Numerous car manufacturers prefer
using radial tires on account of its superior characteristics including longer tread life, better steering
control, and lower rolling resistance. Growth of the two-wheeler sector is expected to propel product
demand over the forecast period.
Asia Pacific was the largest segment estimated over USD 75.00 billion in 2014. Growing automotive
production in Asia Pacific region, mainly in China, Indonesia, Japan, Malaysia and Taiwan, is expected to
propel demand for in automotive sector. In 2013, the total vehicle production in China was 15 million
units. This is expected to have a positive impact on the market over the next seven years.
The global pneumatic tire industry is characterized by integration through raw material supply,
manufacturing stages and distribution channels. Companies such as Michelin, The Goodyear Tire and
Rubber Company, Cooper Tire & Rubber Company, Bridgestone Corporation, and The Yokohama Rubber
Co. Ltd. are engaged in manufacturing of raw materials, product manufacturing and distribution to
various automobile manufacturers
In September 2015, Hankook Tire introduced the innovative 360-degree rotating Ball pin tire. To help
the Ball Pin Tire achieve full potential, the company installed an advanced gyroscope and a three omniwheel system to the vehicle.

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Table Of Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Pneumatic Tire Market - Industry Summary And Key Buying Criteria, 2012-2022
Chapter 3. Pneumatic Tire Industry Outlook
3.1. Pneumatic tire market segmentation
3.2. Pneumatic tire market size and growth prospects, 2012 - 2022
3.3. Pneumatic tire market - Value chain analysis
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Pneumatic tire market dynamics
3.8. Key market opportunities - Prioritized
3.9. Industry analysis - Porter's
3.10. Pneumatic tire competitive scenario, 2014
3.11. Pneumatic tire market PESTEL analysis, 2014
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Chapter 4. Pneumatic Tire Sales Outlook
4.1. Global pneumatic tire market share by sales, 2014 & 2022
4.2. OEM
4.3. Replacement
Chapter 5. Pneumatic Tire Vehicle Outlook
5.1. Global pneumatic tire market share by vehicle, 2014 & 2022
5.2. Two-wheelers
5.3. Four-wheelers
5.4. Aircrafts
5.5. Others
Chapter 6. Pneumatic Tire Product Outlook
6.1. Global pneumatic tire market share by product, 2014 & 2022
6.2. Radial

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6.3. Crossply
Chapter 7. Pneumatic Tire Regional Outlook
7.1. Global pneumatic tire market share by region, 2014 & 2022
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. RoW
Chapter 8. Competitive Landscape
8.1. Michelin Group
8.2. Continental Corporation
8.3. Bridgestone Corporation
8.4. Cooper Tire & Rubber Company
8.5. The Goodyear Tire & Rubber Company
8.6. Hankook Tire
8.7. The Yokohama Rubber Co., Ltd
8.8. Kumho Tire Co., Ltd.
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