Allied Market Research
Loading...
0
New
New

Latin America and Caribbean Automotive Tire Market by Season Type (Summer, Winter and All Season), Rim Size (Less than 15 inches, 15 to 20 inch and more than 20 inches), Vehicle Type (Passenger Vehicle, Commercial Vehicle and Electric Vehicle) and Channel (OEM and Aftermarket): Opportunity Analysis and Industry Forecast, 2019–2027

A10400
Pages: 200
Mar 2021 | 1195 Views
   
Author(s) : Akshay Jadhav , Sonia Mutreja
Tables: 83
Charts: 57
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Latin America And Caribbean Automotive Tire Market

Request Now !

Latin America and Caribbean Automotive Tire Market 2021-2027:

The Latin America and Caribbean automotive tire market were valued at $3,517.5 million in 2019, and is projected to reach $4,538.7 million by 2027, registering a CAGR of 3.3% from 2020 to 2027.

With the advent in COVID-19 pandemic across the globe, the Latin America and Caribbean automotive tire market has been affected as the automotive tire manufacturing units have been shut down due to the imposed lockdown in major countries across the Latin America and Caribbean. Similar to the decline of traffic volumes across the country, there has also been a decrease in demand for the aftermarket tires and tire products. The downturn in aftermarket tire business is due to the decrease in consumers purchasing from local tire retailers.

Automotive tire is the circular vehicle component made of rubber used to cover the wheel’s rim externally. The major function of the tire is to protect the wheel rim and offer tractive force between the road surface and the vehicle. Since it is manufactured from rubber, it also provides a flexible cushion, thereby reducing the impact of the vibrations and absorbs the shock of the vehicle. Rubber tire consists of tread, jointless cap piles, beads, and other materials, which include synthetic rubber, carbon black, and fabric. 

Latin-America-and-Caribbean-Automotive-Tire-Market

Get more information on this report : Request Sample Pages

COVID Impact Analysis: With the advent in COVID-19 pandemic across the globe, the Latin America and Caribbean automotive tire market has been affected as the automotive tire manufacturing units have been shut down due to the imposed lockdown in major countries across the Latin America and Caribbean. Similar to the decline of traffic volumes across the country, there has also been a decrease in demand for the aftermarket tires and tire products. The downturn in aftermarket business is due to the decrease in consumers purchasing from local tire retailers.

Factors such as increase in automotive production & sales across different vehicles segment, rise in competition among tire manufacturers and introduction of advanced technology in the manufacturing process are driving the market growth. However, volatile prices of raw materials and development in the market of retreading tires hinder the market growth. Furthermore, advancement in technology and fuel efficiency and safety concerns is expected to offer lucrative opportunities for the market growth.

The Latin America and Caribbean automotive tire market is segmented into season type, vehicle type, rim size, distribution channel, and Latin America and Caribbean countries. By season type, it is divided into summer, winter and all-season tires. By vehicle type, it is divided into passenger car, commercial vehicle, and electric vehicle. By rim size, the market is categorized into less than 15 inch, 15 to 20 inch, and more than 20 inch. By distribution channel, it is bifurcated into OEM and aftermarket. By Latin America and Caribbean countries, the market is analyzed across Brazil, Mexico, Argentina, Haiti, Cuba, Dominican Republic, Bahamas, Guatemala, Panama and rest of Latin America and Caribbean countries. 

Latin America and Caribbean Automotive Tire Market
By Season Type

Your browser does not support the canvas element.

Summer is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

The key players profiled in the Latin America and Caribbean automotive tire market report are Bridgestone Corporation, Continental corporation, MICHELIN, Pirelli Tyre C. S.p.A. (China National Chemical Corporation), The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Sumitomo Rubber Industries Ltd., The Yokohama Rubber Co., Ltd., Hankook Tire & Technology Co., Ltd. and Nokian Tyres plc.

Increase in automotive production & sales across different vehicles segment

Recently, the automobile industry has been experiencing rapid growth owing to speedy industrialization, which has led to an increase in the sale of commercial vehicles such as trucks, tractors, and trailers. In addition, rise in disposable income of people and improvements in standard of living are the factors that increase the sale of luxurious passenger cars and premium segment bikes. Furthermore, electric vehicle sales are expected to increase during the forecast period. Also, decrease in prices of electric vehicle parts such as battery, transmission, and alternators propel the sale of electric vehicles. Thus, increase in the demand for vehicles across all segments among consumers leads to a rise in the production of automobiles and tires associated with it. Moreover, consolidation of the automotive sector that results in mergers and acquisitions among international and domestic vehicles manufacturers boost the growth of the automotive sector influencing the automotive tire market. Therefore, growth of the automobile sector is expected to increase the overall demand for tires.

Latin America and Caribbean Automotive Tire Market
By Rim Size

Your browser does not support the canvas element.

Less than 15 inches is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Rise in competition among tire manufacturers

Leading automotive manufacturers continue to invest in the developing countries due to low costs of labor that further decrease the production costs, which will help meet the increase in demand for vehicles. The tire industry has witnessed phenomenal growth in the last decade; also, the automotive sector is experiencing exponential growth due to a rise in the demand for automobiles and use of collaborative & consolidation manufacturing in tire business. This in turn boosts the growth of the automotive tires business. For instance, The Hankook Tire has launched “Dynapro AT2” for on & off-road SUVs. These tires have post optimal performance in all road conditions as it is characterized by quietness and a comfortable ride on-road and a powerful drive on the off-road. Moreover, the leading tire manufacturing company-Bridgestone Corporation also launched BATTLECROSS E50 motorcycle tires for enduro competitions. These tires are launched in one front tire size and two rear tire sizes in the U.S. and Canada. Thus, such new strategies by tire manufacturing companies for the expansion of their business across the globe are witnessing strong competition to capture a larger market share. Also, this factor is responsible for swift changes in the tire market that makes it more dynamic. Therefore, there is a rise in competition among tire manufacturers, which fosters the growth of the market.   

Volatile prices of raw materials

Raw materials to manufacture tires include petroleum reinforcing materials such as nylon and polyester. Also, rubber (natural and synthetic) is the basic element required to manufacture tires, which witnesses high fluctuations in cost. The materials used to manufacture rubber tires are tread, jointless cap plies, steel-cord for belt plies, textile cord ply, Bead reinforcement, apex, and core. Also, it consists of synthetic rubber, natural rubber, steel wire, and carbon black along with the petrochemical reinforcing materials such as polyester, fabric, nylon, steel, and rayon. The pricing of these raw materials plays a vital role in deciding the overall price of the tire. Prices of these metals fluctuate occasionally due to global economic ups and downs in the market, as these are traded on a community exchange basis. Inflation and increase in the demand for these raw materials have fueled their prices in the recent past. In addition, players that operate in the automotive tire market require a large amount of raw materials to overcome the demand for tires from the automotive industry. Uncertainty in the pricing of these raw materials prove to be a major restraint for the growth of the rubber tire market.

Latin America and Caribbean Automotive Tire Market
By Vehicle Type

Your browser does not support the canvas element.

Aftermarket is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Advancement in technology

Due to the rapid enhancement of technology, most of the manufacturing companies are adopting automation to increase the productivity and profitability. As a result of technological advancements in the tire industry, introduction of rimless tires, green tires, and the use of light weight elastomers and metals such as carbon fiber and alloy or composites such as nickel aluminum bronze and manganese bronze to manufacture tires is expected to propel the growth of the Latin America and Caribbean automotive tire market. In addition, leading tire OEMs are using nanotechnology and other technology or software to manufacture different type of tires.

For instance, Bridgestone Tires, one of the leading tires and rubber companies, utilizes Contact Area Information Sensing (CAIS) that senses the road conditions by collecting and analyzing the tire contact area. All these factors are expected to unfold various opportunities for the growth of the market.  

Latin America and Caribbean Automotive Tire Market
By Channel

Your browser does not support the canvas element.

Aftermarket is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This study presents analytical depiction of the Latin America and Caribbean automotive tire market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall Latin America and Caribbean automotive tire market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the 
  • Latin America and Caribbean automotive tire market with a detailed impact analysis.
  • The current Latin America and Caribbean automotive tire market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

KEY MARKET SEGMENTS

By Season Type

  • Summer
  • Winter
  • All Season

By Rim Size

  • Less than 15 inches
  • 15 to 20 inches
  • more than 20 inches

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle
  • Electric Vehicle

By Channel

  • OEM
  • Aftermarket

By Region

  • Latin America and Caribbean
    • Brazil
    • Mexico
    • Argentina
    • Haiti
    • Cuba
    • Dominican Republic
    • Bahamas
    • Guatemala
    • Panama
    • Rest of Latin America and Caribbean

KEY PLAYERS

  • Bridgestone Corporation
  • Continental corporation
  • MICHELIN
  • Pirelli Tyre C. S.p.A. (China National Chemical Corporation)
  • The Goodyear Tire & Rubber Company
  • Toyo Tire Corporation
  • Sumitomo Rubber Industries Ltd.
  • The Yokohama Rubber Co., Ltd. 
  • Hankook Tire & Technology Co., Ltd.
  • Nokian Tyres plc
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in automotive production & sales across different vehicles segment
3.5.1.2.Rise in competition among tire manufacturers
3.5.1.3.Introduction of advanced technology in the manufacturing process.

3.5.2.Restraints

3.5.2.1.Volatile prices of raw materials.
3.5.2.2.Development in the market of retreading tires

3.5.3.Opportunities

3.5.3.1.Advancement in technology
3.5.3.2.Fuel efficiency and safety concerns

CHAPTER 4:LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY SEASON TYPE

4.1.Overview
4.2.Summer

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by country

4.3.Winter

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by country

4.4.All-season

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by country

CHAPTER 5:LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY RIM SIZE

5.1.Overview
5.2.Less than 15 inch

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by country

5.3.15-20 inch

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by country

5.4.More than 20 inch

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by country

CHAPTER 6:LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE

6.1.Overview
6.2.Passenger vehicle

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by country

6.3.Commercial vehicle

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by country

6.4.Electric vehicle

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by country

CHAPTER 7:LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL

7.1.Overview
7.2.OEM

7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by country

7.3.Aftermarket

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by country

CHAPTER 8:LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY COUNTRY

8.1.Overview
8.2.Brazil

8.2.1.Market size and forecast, by season type
8.2.2.Market size and forecast, by rim size
8.2.3.Market size and forecast, by vehicle type
8.2.4.Market size and forecast, by distribution channel

8.3.Mexico

8.3.1.Market size and forecast, by season type
8.3.2.Market size and forecast, by rim size
8.3.3.Market size and forecast, by vehicle type
8.3.4.Market size and forecast, by distribution channel

8.4.Argentina

8.4.1.Market size and forecast, by season type
8.4.2.Market size and forecast, by rim size
8.4.3.Market size and forecast, by vehicle type
8.4.4.Market size and forecast, by distribution channel

8.5.Haiti

8.5.1.Market size and forecast, by season type
8.5.2.Market size and forecast, by rim size
8.5.3.Market size and forecast, by vehicle type
8.5.4.Market size and forecast, by distribution channel

8.6.Cuba

8.6.1.Market size and forecast, by season type
8.6.2.Market size and forecast, by rim size
8.6.3.Market size and forecast, by vehicle type
8.6.4.Market size and forecast, by distribution channel

8.7.Dominican Republic

8.7.1.Market size and forecast, by season type
8.7.2.Market size and forecast, by rim size
8.7.3.Market size and forecast, by vehicle type
8.7.4.Market size and forecast, by distribution channel

8.8.Bahamas

8.8.1.Market size and forecast, by season type
8.8.2.Market size and forecast, by rim size
8.8.3.Market size and forecast, by vehicle type
8.8.4.Market size and forecast, by distribution channel

8.9.Guatemala

8.9.1.Market size and forecast, by season type
8.9.2.Market size and forecast, by rim size
8.9.3.Market size and forecast, by vehicle type
8.9.4.Market size and forecast, by distribution channel

8.10.Panama

8.10.1.Market size and forecast, by season type
8.10.2.Market size and forecast, by rim size
8.10.3.Market size and forecast, by vehicle type
8.10.4.Market size and forecast, by distribution channel

8.11.Rest of Latin America & Caribbean countries

8.11.1.Market size and forecast, by season type
8.11.2.Market size and forecast, by rim size
8.11.3.Market size and forecast, by vehicle type
8.11.4.Market size and forecast, by distribution channel

CHAPTER 9:COMPANY PROFILES

9.1.BRIDGESTONE GROUP

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Operating business segments
9.1.4.Product portfolio
9.1.5.Business performance
9.1.6.Key strategic moves and developments

9.2.CONTINENTAL AG

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Operating business segments
9.2.4.Product portfolio
9.2.5.Business performance
9.2.6.Key strategic moves and developments

9.3.THE GOODYEAR TIRE & RUBBER COMPANY

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Operating business segments
9.3.4.Product portfolio
9.3.5.Business performance
9.3.6.Key strategic moves and developments

9.4.HANKOOK TIRE & TECHNOLOGY CO., LTD.

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Business performance
9.4.4.Key strategic moves and developments

9.5.MICHELIN

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Operating business segments
9.5.4.Product portfolio
9.5.5.Business performance
9.5.6.Key strategic moves and developments

9.6.NOKIAN YRES PLC.

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Operating business segments
9.6.4.Business performance
9.6.5.Key strategic moves and developments

9.7.PIRELLI & C. S.P.A

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Product portfolio
9.7.4.Business performance
9.7.5.Key strategic moves and developments

9.8.SUMITOMO RUBBER INDUSTRIES LTD.

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Operating business segments
9.8.4.Product portfolio
9.8.5.Business performance
9.8.6.Key strategic moves and developments

9.9.THE YOKOHAMA RUBBER CO., LTD.

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Operating business segments
9.9.4.Product portfolio
9.9.5.Business performance
9.9.6.Key strategic moves and developments

9.10.TOYO TIRE CORPORATION

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Operating business segments
9.10.4.Business performance

 LIST OF TABLES

TABLE 01.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 02.LATIN AMERICA AND CARIBBAEN AUTOMOTIVE SUMMER TIRE MARKET REVENUE, BY COUNTRY 2019–2027 ($MILLION)
TABLE 03.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE WINTER TIRE MARKET REVENUE, BY COUNTRY 2019–2027 ($MILLION)
TABLE 04.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE ALL-SEASON TIRE MARKET REVENUE, BY COUNTRY 2019–2027 ($MILLION)
TABLE 05.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019-2027($MILLION)
TABLE 06.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, FOR LESS THAN 15 INCH REVENUE, BY COUNTRY 2019-2027 ($MILLION)
TABLE 07.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, FOR 15 TO 20 INCH REVENUE, BY COUNTRY 2019-2027 ($MILLION)
TABLE 08.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, FOR MORE THAN 20 INCH REVENUE, BY COUNTRY 2019-2027 ($MILLION)
TABLE 09.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019-2027 ($MILLION)
TABLE 10.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET REVENUE FOR PASSENGER VEHICLE, BY COUNTRY 2019-2027 ($MILLION)
TABLE 11.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET REVENUE FOR COMMERCIAL VEHICLE, BY COUNTRY 2019-2027 ($MILLION)
TABLE 12.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET REVENUE FOR ELECTRIC VEHICLE, BY COUNTRY 2019–2027 ($MILLION)
TABLE 13.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 14.AUTOMOTIVE TIRE MARKET REVENUE FOR OEM, BY COUNTRY 2019–2027 ($MILLION)
TABLE 15.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE AFTERMARKET REVENUE, BY COUNTRY 2019–2027 ($MILLION)
TABLE 16.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE REVENUE, BY COUNTRY 2019–2027 ($MILLION)
TABLE 17.BRAZIL AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 18.BRAZIL AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 19.BRAZIL AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 20.BRAZIL AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 21.MEXICO AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 22.MEXICO AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 23.MEXICO AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 24.MEXICO AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 25.ARGENTINA AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 26.ARGENTINA AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 27.ARGENTINA AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 28.ARGENTINA AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 29.HAITI AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 30.HAITI AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 31.HAITI AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 32.HAITI AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 33.CUBA AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 34.CUBA AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 35.CUBA AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 36.CUBA AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 37.DOMINICAN REPUBLIC AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 38.DOMINICAN REPUBLIC AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 39.DOMINICAN REPUBLIC AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 40.DOMINICAN REPUBLIC AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 41.BAHAMAS AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 42.BAHAMAS AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 43.BAHAMAS AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 44.BAHAMAS AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 45.GUATEMALA AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 46.GUATEMALA AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 47.GUATEMALA AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 48.GUATEMALA AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 49.PANAMA AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 50.PANAMA AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 51.PANAMA AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 52.PANAMA AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 53.REST OF LATIN AMERICA & CARIBBEAN AUTOMOTIVE TIRE MARKET, BY SEASON TYPE, 2019–2027 ($MILLION)
TABLE 54.REST OF LATIN AMERICA & CARRIBEAN AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019–2027 ($MILLION)
TABLE 55.REST OF LATIN AMERICA & CARRIBEAN AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 56.REST OF LATIN AMERICA & CARRIBEAN AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 57.BRIDGESTONE CORPORATION.: COMPANY SNAPSHOT
TABLE 58.BRIDGESTONE CORPORATION.: OPERATING SEGMENTS
TABLE 59.BRIDGESTONE CORPORATION: PRODUCT PORTFOLIO
TABLE 60.CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 61.CONTINENTAL AG.: OPERATING SEGMENTS
TABLE 62.CONTINENTAL AG.: PRODUCT PORTFOLIO
TABLE 63.CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 64.THE GOODYEAR TIRE & RUBBER COMPANY: COMPANY SNAPSHOT
TABLE 65.THE GOODYEAR TIRE & RUBBER COMPANY: OPERATING SEGMENTS
TABLE 66.THE GOODYEAR TIRE & RUBBER COMPANY: PRODUCT PORTFOLIO
TABLE 67.HANKOOK TIRE & TECHNOLOGY CO.,LTD.: COMPANY SNAPSHOT
TABLE 68.MICHELIN: COMPANY SNAPSHOT
TABLE 69.MICHELIN: OPERATING SEGMENTS
TABLE 70.MICHELIN: PRODUCT PORTFOLIO
TABLE 71.NOKIAN TYRES PLC.: COMPANY SNAPSHOT
TABLE 72.NOKIAN TYRES PLC.: OPERATING SEGMENTS
TABLE 73.NOKIAN TYRES PLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 74.PIRELLI & C. S.P.A: COMPANY SNAPSHOT
TABLE 75.PIRELLI & C. S.P.A: PRODUCT PORTFOLIO
TABLE 76.SUMITOMO RUBBER INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 77.SUMITOMO RUBBER INDUSTRIES, LTD..: OPERATING SEGMENTS
TABLE 78.SUMITOMO RUBBER INDUSTRIES, LTD..: PRODUCT PORTFOLIO
TABLE 79.THE YOKOHAMA RUBBER CO., LTD..: COMPANY SNAPSHOT
TABLE 80.THE YOKOHAMA RUBBER CO., LTD..: OPERATING SEGMENTS
TABLE 81.THE YOKOHAMA RUBBER CO., LTD. PRODUCT PORTFOLIO
TABLE 82.TOYO TIRE CORPORATION: COMPANY SNAPSHOT
TABLE 83.TOYO TIRE CORPORATION: OPERATING SEGMENTS

 LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020
FIGURE 07.TOP WINNING STRATEGIES, BY STRATEGIES, 2017–2020
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS (2019)
FIGURE 15.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY SEASON TYPE,  2019–2027 (%)
FIGURE 16.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY RIM SIZE, 2019 -2027 (%)
FIGURE 17.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, 2019-2027 (%)
FIGURE 18.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 (%)
FIGURE 19.LATIN AMERICA AND CARIBBEAN AUTOMOTIVE TIRE MARKET, BY COUNTRY, 2019-2027 (%)
FIGURE 20.BRAZIL AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 21.MEXICO AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 22.ARGENTINA AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 23.HAITI AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 24.CUBA AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 25.DOMINCAN REPUBLIC AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 26.BAHAMAS AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 27.GUATEMALA AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 28.PANAMA AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 29.REST OF LATIN AMERICA & CARIBBEAN AUTOMOTIVE TIRE MARKET, 2019-2027 ($ MILLION)
FIGURE 30.BRIDGESTONE CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 31.BRIDGESTONE CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 32.BRIDGESTONE CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 33.CONTINENTAL AG: NET SALES, 2017–2019 ($MILLION)
FIGURE 34.CONTINENTAL AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 35.CONTINENTAL AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 36.THE GOODYEAR TIRE & RUBBER COMPANY: NET SALES, 2017–2019 ($MILLION)
FIGURE 37.THE GOODYEAR TIRE & RUBBER COMPANY: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 38.THE GOODYEAR TIRE & RUBBER COMPANY: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 39.HANKOOK TIRE & TECHNOLOGY CO., LTD.: NET SALES, 2016–2018 ($MILLION)
FIGURE 40.HANKOOK TIRE & TECHNOLOGY CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 41.MICHELIN: NET SALES, 2017–2019 ($MILLION)
FIGURE 42.MICHELIN: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 43.MICHELIN: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 44.NOKIAN TYRES PLC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 45.NOKIAN TYRES PLC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 46.NOKIAN TYRES PLC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 47.PIRELLI & C. S.P.A: NET SALES, 2017–2019 ($MILLION)
FIGURE 48.PIRELLI & C. S.P.A: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 49.SUMITOMO RUBBER INDUSTRIES, LTD..: NET SALES, 2017–2019 ($MILLION)
FIGURE 50.SUMITOMO RUBBER INDUSTRIES, LTD..: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 51.SUMITOMO RUBBER INDUSTRIES, LTD..: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 52.THE YOKOHAMA RUBBER CO., LTD.: NET SALES, 2017–2019 ($MILLION)
FIGURE 53.THE YOKOHAMA RUBBER CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 54.THE YOKOHAMA RUBBER CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 55.TOYO TIRE CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 56.TOYO TIRE CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57.TOYO TIRE CORPORATION: REVENUE SHARE BY REGION, 2018 (%)

 
 

According to the insights of CXOs of leading companies, the Latin America and Caribbean tire market is projected to witness moderate growth rate, increase in automotive production & sales across different vehicles segment. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings.

Automotive tire is the circular vehicle component made of rubber used to cover the wheel’s rim externally. The major function of the tire is to protect the wheel rim and offer tractive force between the road surface and the vehicle. An automotive tire is manufactured using various materials, including natural and synthetic rubber, carbon black, polyester, rayon, steel, silica and vulcanization accelerator. 

The Latin America and Caribbean tire market is driven by rise in competition among tire manufacturers and introduction of advanced technology in the manufacturing process. In addition, advancement in technology and fuel efficiency and safety concerns fuel the market growth. However, volatile prices of raw materials and development in the market of retreading tires hinder the market growth.

Among the analyzed countries, Brazil is the highest revenue contributor, followed by Mexico, Argentina, and Rest of Latin America and Caribbean. On the basis of forecast analysis, Bahamas is expected to lead during the forecast period, due to increase in demand along with the vehicle sale leads to create a significant growth in the Bahamas tire market. 
 

PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285,
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Sample

OR

Purchase Full Report of
Latin America and Caribbean Automotive Tire Market

  • Data Pack
  • $2,467
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $3,849
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $4,144
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $6,779
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading instantly.
    This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers