According to the report by Expert Market Research (EMR), the global automotive winter tyre market size reached a value of nearly USD 24.3 billion in 2023. Aided by the changing weather patterns and stringent safety regulations, the market is projected to further grow at a CAGR of 4.7% between 2024 and 2032 to reach a value of around USD 36.85 billion by 2032.
Automotive winter tyres, often referred to as snow tyres, are specially designed tyres engineered to provide enhanced traction, grip, and handling in cold weather conditions, particularly on snow, ice, and slush-covered roads. These tyres feature a unique tread pattern with deeper grooves, sipes, and specialised rubber compounds that remain flexible in low temperatures. Their tread design and compound composition help to improve braking performance, acceleration, and cornering stability in winter driving conditions, enhancing safety and control for vehicles operating in regions prone to snowfall and icy roads.
In many regions and countries, regulatory authorities impose mandates and requirements for the use of winter tyres during specified winter months or in areas with severe winter weather conditions. These regulations aim to improve road safety, reduce accidents, and minimise disruptions caused by adverse weather-related incidents. This is expected to drive the global automotive winter tyre market expansion in the coming years.
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Advancements in tyre manufacturing technologies, materials science, and tread design are driving innovation in the automotive winter tyre market. Manufacturers are actively developing new compounds, tread patterns, and tyre constructions to optimise performance, durability, and fuel efficiency in winter driving environments.
Automotive Winter Tyre Market Segmentation
The market can be divided based on tyre type, rim size, vehicle type, sales channel, and region.
Market Breakup by Tyre Type
- Studded
- Non-Studded
Market Breakup by Rim Size
- 12 Inch to 17 Inch
- 18 Inch to 21 Inch
- Above 22 Inch
Market Breakup by Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Market Breakup by Sales Channel
- OEM
- Aftermarket
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Automotive Winter Tyre Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive winter tyre market. Some of the major players explored in the report by Expert Market Research are as follows:
- Continental AG
- Bridgestone Corporation
- Yokohama Rubber Co. Ltd.
- Sumitomo Rubber Industries, Ltd.
- Apollo Tyres Ltd.
- Michelin Group
- Pirelli & C. S.p.A.
- Hankook Tyre & Technology Co. Ltd.
- The Goodyear Tyre & Rubber Company
- Cooper Tyre & Rubber Company
- Others
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