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All-Weather Tire Market

The global All-Weather Tire Market is expected to foresee steady growth. The Asia Pacific holds the largest share!

The global All-Weather Tire market is expected to grow at a CAGR of around ~5% during the forecast period 2021-2027. The usage of all-season tires is intended for temperatures over 7 degrees Celsius. Due to its suitability for the majority of locations and seasons worldwide, all-season tires are widely used on all types of vehicles, with the exception of colder regions where they are switched out for winter tires in December and January. Winter tires are used in place of all-weather tires during the colder months. Additionally, all-weather tires may function in temperatures as low as 7 degrees Celsius, therefore those who live in colder climates favor all-weather tires over all-season tires to reduce the expense of car ownership and save the inconvenience of rotating the tires. The market for All-Season tires and vehicle sales are being driven by an increase in car ownership in developing nations as a result of rising transportation demand and consumer purchase parity. Because used cars are becoming more popular and vehicles are being kept for longer, there is an increase in the need for aftermarket tires, which in turn drives up the market for all-season tires.

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All-weather tire manufacture takes into account a number of variables, including tread design, size/dimensions, weight, and tire construction. The raw material or compound utilized in the creation of these tires has a significant impact on their operating effectiveness and dependability. However, the forecast period’s product growth is constrained by the growing raw material prices needed to produce all-weather tires. The development of tires that are effective with internal and external elements, such as temperature, road surface, humidity, and raw materials, is a priority for tire manufacturing firms. Industry participants import raw materials from other nations to uphold the quality and dependability of their products and expand their clientele on the global market. However, the escalating trade friction has a significant impact on raw material prices. Some of the top importers and exporters worldwide are nations like the United States and China. The cost of some raw materials used to make all-weather tires has increased due to the escalating trade issues between the two nations.

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The abrupt COVID-19 pandemic breakout has had an impact on a number of global industries, including the one that deals with All-Weather Tire. COVID-19 has had an impact on the All-Weather Tire market by lowering demand and production, which in turn had an impact on the supply chain. Due to this pandemic, governments in several nations enacted stringent lockdown and social seclusion rules. Travel was completely halted. The All-Weather Tire industry was severely impacted financially as a result. However, with the global production of vehicles increasing slowly and lockdowns lifted up, people would prefer to use  their vehicles which will slowly boost the market All-Weather tire market

For a better understanding of the market adoption of the All-Weather Tire, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World. In 2020, the market’s highest share belonged to the Asia Pacific. The market is anticipated to rise as a result of factors including rising passenger car sales in nations with harsh climates like China and India and expanding aftermarket industries in the area. Due to the fast expansion of the automobile sector in nations like China, India, and Japan, the Asia-Pacific region is home to one of the largest automotive aftermarkets. Tire consumption has increased in the area due to a number of factors, including an increase in construction activity, industrial expansion, and the desire for fuel-efficient technology. The area takes pride in the availability of numerous raw material suppliers, low labor prices, and helpful government regulations in nations like China, Japan, and South Korea. The agricultural industry is also predicted to have a significant demand for all-weather tires because these nations place a lot of emphasis on it.

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Global All-Weather Tire Market Segmentation

Market Insight, by Rim Size

  • 12’’–17’’
  • 18’’–21’’
  • >22’’

Market Insight, by Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Market Insight, by Sales Channel

  • OEM
  • Aftermarket

Market Insight, by Region

  • North America All-Weather Tire Market
    • United States
    • Canada
    • Rest of North America
  • Europe All-Weather Tire Market
    • Germany
    • France
    • United Kingdom
    • Italy
    • Rest of Europe
  • Asia Pacific All-Weather Tire Market
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World All-Weather Tire Market

Top Company Profiles

  • Michelin Group
  • Bridgestone Corporation
  • Continental AG
  • Yokohama Rubber Co., Ltd.
  • The Goodyear Tire & Rubber Co.
  • Sumitomo Rubber Industries, Ltd.
  • Kumho Tire Co. Inc.
  • Nokian Tyres plc
  • Hankook Tire and Technology Co. Ltd.
  • Pirelli & C.S.p.A.

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