Global Passenger Vehicle Replacement Tire Market 2016-2020

  • Published: Sep 2016
  • Pages: 78
  • SKU: IRTNTR9866

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This global market research report identifies vendors like Bridgestone, Goodyear, Michelin, and Firestone to be the key players in this market space. It also segments the passenger vehicle replacement tire market by geography (the Americas, APAC, and EMEA) and types (aftermarket and OEMs).

Outlook of the global passenger vehicle replacement tire market

The global market for passenger vehicle replacement tires will experience steady growth and will post a CAGR of over 7% by 2020. The falling rubber prices will act as a boon for this market as it will help vendors to increase their profit margins. Over the past few years, the profiles of tire manufacturers have improved owing to increased global vehicle production, rising pool of aging vehicle population leading to high volume sales, and lower rubber prices elevating profit margins.  The recent drop in rubber prices coincides with a lower remote method invocation (RMI) 1-year aggregate probability of default (PD), which means cash position and financial default likelihoods for 44 globally listed tire manufacturers will be lowered drastically. This decrease in the cash position of vendors will indicate the healthy cash making ability of these companies.

In this market study, it has also been observed that the advent of newer tire brands has started influencing the buying preferences of consumers. Over the last few years, young riders have been more receptive than their older counterparts to tire brands that are less established in the market. In the US, large, well-established tire brands such as BFGoodrich, Goodyear, and Michelin have the highest popularity rates among all generations. However, it has been observed that the millennial population prefers smaller or newer brands in the US market, such as Cooper, Hankook, and Pirelli, when replacing the original equipment tires on their vehicles.

Competitive landscape and key vendors

This market is highly fragmented owing to the presence of players that offer tires in a variety of shapes and sizes to the customers. In this market, most of the market shares are dominated by OEM replacement tires and aftermarket players. The prospects for growth in this market will be driven by the increasing sales of passenger cars and the growing popularity of high-performance tires.

Top vendors in this market are -

  • Bridgestone
  • Goodyear
  • Michelin
  • Firestone

Other prominent vendors in this market are Yokohama, Hankook, Dunlop, and Cooper Tire and Rubber Company.

Type-based segmentation and analysis of the passenger vehicle replacement tire market

  • Aftermarket
  • OEMs

At present, the original equipment manufacturers (OEM) segment dominates this market and is envisaged to increase its market hold by the end of 2020. With the evolution of vehicles, original equipment tires have changed in terms of design and configurations. Tire characteristics, such as weight and rolling resistance, have been reduced and handling has been improved by OEMs. According to Technavio’s market research analysts, the OEM market segment will account for a profound market share of around 94% by 2020.

Geographical segmentation and analysis of the passenger vehicle replacement tire market

  • Americas
  • APAC
  • EMEA

In this market analysis, analysts have estimated the APAC region to account for an impressive market share of approximately 61% by 2020. The increasing usage of road networks through personal vehicles, high prevalence of poor road conditions in some countries, and the high sale of passenger cars in the region will aid in the strong growth of this market in APAC.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global passenger vehicle replacement tire market?
  • What are the key market trends impacting the growth of the global passenger vehicle replacement tire market?
  • What are the challenges to market growth?
  • Who are the key vendors in global passenger vehicle replacement tire market?
  • What are the market opportunities and threats faced by the vendors in the global passenger vehicle replacement tire market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of global passenger vehicle replacement tire market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Report coverage
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Value chain analysis
  • Other business models in replacement tire ecosystem
  • Regulatory Framework

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Manufacturing process
  • Five forces analysis

PART 06: Market drivers

PART 07: Market challenges

PART 08: Market trends

PART 09: Market segmentation  by geography

  • Global passenger vehicle replacement tire market by geography

PART 10: Market segmentation by type

  • Global passenger vehicle replacement tire market by type

PART 11: Vendor landscape

  • Competitive benchmarking
  • Other prominent vendors

PART 12: Key vendor analysis

PART 13: Appendix

  • List of abbreviations

PART 14: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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