enquiry@technavio.com

North America and Europe High-Performance Tires Market By Product Type, By Application And Geographic: Analysis, Size, Growth, Trends, And Forecast, 2024-2028

North America and Europe High-Performance Tires Market By Product Type, By Application And Geographic: Analysis, Size, Growth, Trends, And Forecast, 2024-2028

Home Upcoming Report North America and Europe High-Performance Tires Market

Market Size

info_image

The North America and Europe high-performance tires market is expected to witness substantial growth over the forecast period. The market's expansion is driven by increased demand for performance vehicles, advancements in tire technology, and the growing automotive sector.

Market Report Highlights

Type
  • Summer Tires
  • Winter Tires
  • All-Season Tires
Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Regional Landscape
  • North America
  • Europe
Key Companies Profiled
  • Michelin
  • Bridgestone
  • Goodyear
  • Pirelli
  • Continental
  • Hankook

Market Report Insights

  • Technological Advancements: The integration of innovative materials and designs, such as silica-infused rubber compounds and asymmetric tread patterns, enhance tire performance.
  • Consumer Preferences: A shift towards high-performance tires that offer better handling, safety, and fuel efficiency.
  • Sustainability Trends: Increased focus on developing eco-friendly tires with reduced rolling resistance and improved durability.

Market Segmentation

  • By Type:
    • Summer Tires
    • Winter Tires
    • All-Season Tires
  • By Vehicle Type:
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • By Sales Channel:
    • OEM (Original Equipment Manufacturer)
    • Aftermarket

Regional Analysis

  • North America: The U.S. is the largest market, followed by Canada and Mexico. The market is driven by a high demand for sports and luxury vehicles, especially in urban areas.
  • Europe: Germany, the UK, France, and Italy are key markets. The region's strong automotive manufacturing base and stringent safety regulations boost the demand for high-performance tires.

info_region

Competitive Landscape

  • Michelin: Known for its innovative tire technology and strong market presence.
  • Bridgestone: Offers a wide range of high-performance tires with a focus on sustainability.
  • Goodyear: Strong in both the OEM and aftermarket segments, with a focus on innovation.
  • Pirelli: Specializes in high-performance tires for luxury and sports cars.
  • Continental: Known for its advanced tire technologies and safety features.
  • Hankook: Expanding its presence with competitive pricing and quality products.

info_keycomapnies

Market Dynamics

  • Drivers: Growing automotive industry, consumer demand for high-performance vehicles, technological advancements, and increasing disposable incomes.
  • Restraints: High cost of high-performance tires, economic uncertainties, and environmental regulations.
  • Opportunities: Rise of electric vehicles, development of sustainable tire technologies, and growth in the automotive aftermarket sector.

FAQ

1. What are high-performance tires?

High-performance tires are designed to provide superior handling, speed, and traction, especially in sports and luxury vehicles. They typically feature advanced materials and unique tread patterns.

2. What factors are driving the demand for high-performance tires in North America and Europe?

Key factors include the increasing popularity of sports and luxury vehicles, advancements in tire technology, and consumer demand for better vehicle handling and safety.

3. Which countries are the largest markets for high-performance tires in Europe? Germany, the UK, France, and Italy are the largest markets in Europe due to their strong automotive industries and high consumer demand for high-performance vehicles.

4. How are technological advancements impacting the high-performance tires market? Innovations such as silica-infused rubber compounds, asymmetric tread patterns, and eco-friendly materials are enhancing tire performance, safety, and fuel efficiency, driving market growth.

5. What are the challenges faced by the high-performance tires market? The primary challenges include the high cost of high-performance tires and stringent environmental regulations that may increase production costs.

6. What opportunities exist in the high-performance tires market? Opportunities include the growth in electric vehicle adoption, development of eco-friendly tires, and expansion in the automotive aftermarket sector.

7. Who are the key players in the high-performance tires market? Major players include Michelin, Bridgestone, Goodyear, Pirelli, Continental, and Hankook, all known for their innovation and market presence.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
  • 3.4 Market outlook: Forecast for 2023-2028
    • Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
    • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

  • 4.1 Dietary supplements market in North America 2018 - 2022
    • Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)
  • 4.2 Distribution Channel Segment Analysis 2018 - 2022
    • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
  • 4.3 Product Segment Analysis 2018 - 2022
    • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
  • 4.4 Geography Segment Analysis 2018 - 2022
    • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
  • 5.2 Bargaining power of buyers
    • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
  • 5.3 Bargaining power of suppliers
    • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
  • 5.4 Threat of new entrants
    • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
  • 5.5 Threat of substitutes
    • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
  • 5.6 Threat of rivalry
    • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
  • 5.7 Market condition
    • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

  • 6.1 Market segments
    • Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
    • Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)
  • 6.2 Comparison by Distribution Channel
    • Exhibit 31: Chart on Comparison by Distribution Channel
    • Exhibit 32: Data Table on Comparison by Distribution Channel
  • 6.3 Offline - Market size and forecast 2023-2028
    • Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
    • Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)
  • 6.4 Online - Market size and forecast 2023-2028
    • Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
    • Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)
  • 6.5 Market opportunity by Distribution Channel
    • Exhibit 41: Market opportunity by Distribution Channel ($ billion)
    • Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

  • 7.1 Market segments
    • Exhibit 43: Chart on Product - Market share 2023-2028 (%)
    • Exhibit 44: Data Table on Product - Market share 2023-2028 (%)
  • 7.2 Comparison by Product
    • Exhibit 45: Chart on Comparison by Product
    • Exhibit 46: Data Table on Comparison by Product
  • 7.7 Others - Market size and forecast 2023-2028
    • Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
    • Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)
  • 7.8 Market opportunity by Product
    • Exhibit 67: Market opportunity by Product ($ billion)
    • Exhibit 68: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview
    • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation
    • Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
    • Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)
  • 9.2 Geographic comparison
    • Exhibit 72: Chart on Geographic comparison
    • Exhibit 73: Data Table on Geographic comparison
  • 9.6 Market opportunity by geography
    • Exhibit 74: Market opportunity by geography ($ billion)
    • Exhibit 75: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges
    • Exhibit 76: Impact of drivers and challenges in 2023 and 2028
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 78: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 79: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 80: Vendors covered
  • 12.2 Market positioning of vendors
    • Exhibit 81: Matrix on vendor position and classification
  • 13 Appendix
  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 82: Inclusions checklist
    • Exhibit 83: Exclusions checklist
  • 13.3 Currency conversion rates for US$
    • Exhibit 84: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 85: Research methodology
    • Exhibit 86: Validation techniques employed for market sizing
    • Exhibit 87: Information sources
  • 13.5 List of abbreviations
    • Exhibit 88: List of abbreviations