Winter Tire Market

Winter Tire Market [Rim Size: 12’’- 17’’, 18’’-21’’ and >22’’; Tire Type: Studded Tires and Non-studded Tires; Vehicle Type: Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034

Winter Tire Market Outlook 2034

  • The global industry was valued at US$ 25.5 Bn in 2023.
  • It is estimated to expand at a CAGR of 4.4% from 2024 to 2034.
  • The winter tire market has expected to reach a value of US$ 41.2 Bn by the end of 2034.

Analysts’ Viewpoint on Winter Tire Market Scenario

The global winter tire market is likely to see steady growth due to increasing concern about safety while driving under the toughest winter conditions, especially in areas with intense snowfall and icy surfaces. Demand has increased, mainly due to growing government regulations requiring the usage of winter tires in some countries, such as Canada and parts of Europe.

Technological advancements such as improved rubber compounds and tread designs improve vehicle performance and safety in low temperatures. The leaders in the market are investing heavily in R&D to develop durable, high-performance winter tires offering better grip and fuel efficiency, thus increasing the scope of growth in the market.

This, however, comes at a price higher than the all-season tire and limits adoption in more price-sensitive regions. Despite that though, the overall outlook is positive, especially in more developed countries and regions, such as Europe, where winter conditions are often harsh and consumer preference for specialized tires is increasing.

All this may point to a healthy growth for the winter tire market, considering the increasing use of electric vehicles post the pandemic era and the higher world automotive sales. An increasing focus on road safety among consumers, along with performance benefits by winter tires, would fuel demand in the next few years.

Winter Tire Market Introduction

  • Winter tires, also known as snow tires, are developed to perform much better regarding performance, safety, and control in cold weather conditions, primarily when one travels on snowy or icy roads. Such special tread pattern including deeper grooves and more sipes increase the grip of the tire on the slippery road surface through a better hold on it. Winter tires are built with particular rubber compound that remains flexible at lower temperatures. Therefore, they can provide better road holding and braking performance than all-season tires, which might become hard in cold climate and lose grip ability. Their design also helps in better displacement of snow and slush, thereby losing the chance of hydroplaning and hence overall vehicle stability would be better.
  • The performance of winter tires is reasonably visible in the regions where extreme cold conditions prevail, under which their use becomes a regulatory requirement for specific periods of the year. Analysis has shown that winter tires can notably decrease stopping distance when driven on ice and snow conditions, making road travel safer for all drivers and passengers. Increasing consumer awareness on vehicle safety pertaining to extraneous weather conditions has been the driving force for demand of winter tires globally. The other motivating factor is government-initiated programs and public awareness programs concerning the use of winter tires in general to areas subjected to extreme winter conditions.
Attribute Detail
Winter Tire Market Drivers
  • Rising Vehicle Ownership
  • Technological Advancements

Rising Vehicle Ownership is Propelling the Growth of Winter Tire Market

  • With increasing number of people becoming car owners in developed and developing economies, specialized automotive products such as winter tires are also in greater demand. Vehicle ownership is swelling dramatically in places in Asia and Latin America, and throughout Eastern Europe where the economy is taking off. That calls for making the car even safer and performing with tires in all seasonal weather conditions, including winter. The growth pace of the market will increase by the corresponding number of vehicle fleets, which automatically corresponds to a higher number of customers for winter tires.
  • It also directly places a higher demand on winter tires in the extreme winter regions like Northern Europe, North America, and parts of Asia by raising safety concerns while driving under icy and snowy conditions because of a larger number of vehicles. Vehicle owners increasingly realize that winter tires are needed in such regions to adequately gripped tractions and handling and effectively ensure on-road safety during the winter seasons. The demand is further precipitated by regulatory mandates that oblige them to install winter tires at specific times during a year in the pertinent regions as such, making vehicle owners invest in these specialized products to comply with local authorities and avoid being fined.
  • Moreover, the growth of commercial vehicles like trucks and delivery vans goes hand in hand with personal car sales. The growth of the e-Commerce and logistics markets increases the requirement for goods transportation during winter. With this rise, there will be an added demand for commercial vehicles to be provided with winter tires in order to maintain efficiency and safety in operations. Investments in winter tires by the companies in that region where they experience extreme cold weather reduce the distractions and ensure seamless delivery times, driving the market growth as a whole.

Technological Advancements is Propelling Growth of Winter Tire Market

  • Technological changes bring about significant growth in the global winter tire market through improvements in tire performance, safety, and durability. Winter tires are designed with advanced materials that do not stiffen even at very low temperatures. Hence, silica-infused rubbers and advanced polymers continue to enhance traction and grip on icy, snowy roads, giving them better performance than their predecessors do. For this reason, the development of these high-performance materials has increased consumer confidence in winter tires, hence making more drivers invest in them for enhanced safety during winter conditions.
  • Advances in tread design and pattern technology also play a strategic role in growing the winter tire market. Manufacturers use advanced tread patterns and 3D sipes for better grip and traction. Such designs are optimized to channel snow, slush, and water away from the contact patch of the tire, reducing the probability of hydroplaning and improving grip on slippery surfaces. Winter tires have been made more efficient and even versatile with new trends brought into tread technology, such as variable tread patterns that change according to road conditions. In addition, these developments solve various driving needs and have popularized the greater intake of winter tires.
Attribute Detail
Leading Segment (By Rim Size)
  • 12’’- 17’’
Leading Segment (By Tire Type)
  • Non-studded Tires

12’’- 17’’ Segment to Lead the Market: Rim Size Segmentation

  • Based on Rim Size, the winter tire market is classified into 12’’- 17’’, 18’’-21’’ and >22’’ segment represented a sizable proportion of 64.95% of the overall market.
  • Driving demand for 12''-17'' rim sizes in the international winter market is their alignment to the most common forms of vehicles on roads, i.e., passenger cars and light motor vehicles. In most compact cars and sedans, a majority of which is used by several segments of the population, this is the most common size of rims to be found. As the automotive market grows, so does the demand for winter tires for these models. The segment thus has an exceptionally high share in the overall market because of practical necessity in regions where there is a harsh winter climate, where safety and performance would be critical.
  • Further, the 12''-17'' rim size category is in a sweet spot between price and value. Tires in this range are, more often than not, cheaper and therefore highly accessible to a wide customer base, especially for budget-sensitized markets. Fourth, developments in tire technology for tires in this size enhance grip and handling on slippery surfaces, thus further increasing demand. The constant rise in awareness of winter tire safety, especially in areas with stringent regulations regarding the use of winter tires, will definitely expand the market for this rim size and make it strong.

Non-studded Tires Segment to Lead Winter Tire Market: Tire Type Segmentation

  • Based on non-studded tires, the winter tire market is classified as studded tires and non-studded tires. In 2023, the non-studded tires segment held a major share of 75.78% in the global market.
  • Demand for non-studded tires has reached the summit of winter tires sold in the global market, driven by a mix of performance and safety drivers, and regulatory requirements, to take on advanced rubber compounds and tread patterns that provide good grip on wet and icy surfaces without the drawbacks of studded tires. As regulations continue to be intensified in many regions in terms of studded tires because of adverse impacts on roads and through noise pollution, customers demand non-studded alternatives that offer not only quieter and more environmentally friendly operation but also the much-needed performance to be secured without compromise on safety. This can be particularly of significance in relatively milder winter conditions wherein the performance of non-studded tires should be able to meet requirements of safety.
  • Moreover, the requirement for road safety and better performance has increased the preference for non-studded tires. A preference exists not only in personal cars but also in light and heavy commercial applications where reliability is important. Development of tire technology, which includes the availability of silica compounds for enhanced performance at lower temperatures, has emerged as one of the most important consumer preference factors in consumer markets as well. Strong awareness of the merits of winter tires in general, and consumer trends toward environmentally conscious goods, is driving the non-studded segment of the market.

Regional Outlook of Global Winter Tire Market

Attribute Detail
Leading Region
  • Europe
  • Based on geography, the global winter tire market is segmented as North America, Central and South America, Europe, Asia Pacific and Middle East and Africa.
  • Several of the most prominent reasons for this share include strict regulations and propitious climatic conditions for fitting winter tires. In many European countries, there is a legal requirement to change over to winter tires by the onset of the winter months driven primarily by safety considerations stemming from the impact of snow and ice on roads. New laws have recently been enforced in countries like Germany, Sweden, and Finland that forces consumers to depend on winter tires, further increasing consumer demand and further establishing market growth.
  • A persistent requirement in Europe - diverse winter conditions, mild to extreme - explains why special tires are in perpetual demand that can withstand various road conditions. Enhanced consciousness of road safety and the advantages related to performance developed with winter tires create a desire for the product in the market. In addition, some European insurance companies offer rebates to those using winter tires, thus promoting their use. Winter tires with high performance will be in good demand throughout the continent, especially as disposable incomes rise and consumer awareness grows.

Analysis of Key Players in Global Winter Tire Market

  • Market participants are creating supply chain networks. However, the major companies are enhancing their market positions through tactics like collaborations, mergers, acquisitions, and expansion of product lines. Some of the companies identified in the global winter tire market are Bridgestone Corporation, Cheng Shin Rubber Ind. Ltd., Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C.S.p.A., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohoma Rubber Co., Ltd., Toyo Tire & Rubber Co., Ltd. and Others.

Key Developments in Global Winter Tire Market

  • In March 2024, Goodyear began selling its new winter tire line, which will feature the Goodyear UltraGrip Ice WRT 2-the latest generation of winter tires engineered to provide better grip in critical winter conditions through innovative tread design. Incidentally, this tire was designed for use on passenger vehicles on ice, which gives it a better market position in winter tires. The focus remains on sustainability, as Goodyear commits to reducing the carbon footprint of every aspect of the company's life and increasing the amount of sustainable materials in each of its product lines.
  • In February 2024, Bridgestone has launched Blizzak 6 ENLITEN, a next-generation winter tire engineered for superior performance in both - snow and wet. The new model has shown a mileage improvement of 32% more than its previous generation model and is designed to meet the requirements of traditional vehicles as well as electric vehicles. The new Blizzak 6 ENLITEN uses Bridgestone's ENLITEN technology, focusing on sustainability through the incorporation of recycled materials and tire improvement.
  • In January 2024, MICHELIN is launching the new MICHELIN X-Ice Snow winter tire, designed for North American markets. It combines the highest grip and safety performance in tight winter conditions with the comfort of advanced rubber compounds staying flexible at extremely low temperatures. As demand increases for winter tires because of the growth in EVs, X-Ice Snow delivers better performance on ice compared to its peers and remarkable snow performance. Michelin continues pursuing its strategy of sustainability and has announced plans to increase sustainable materials in the production of its tires.

Each of these players has been profiled in the Winter Tire market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Winter Tire Market Snapshot

Attribute Detail
Market Size Value in 2023 (Base Year) US$ 25.5 Bn
Market Forecast Value in 2034 US$ 41.2 Bn
Growth Rate (CAGR) 4.4%
Forecast Period 2024-2034
Historic Period 2020-2022
Base year 2023
Quantitative Units
  • Million Units for Volume
  • US$ Bn for Value
Market Analysis It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2023)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • Rim Size
    • 12’’- 17’’
    • 18’’-21’’
    • >22’’
  • Tire Type
    • Studded Tires
    • Non-studded Tires
  • Vehicle Type
    • Passenger Vehicle
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
Regions Covered
  • North America
  • Central and South America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Peru
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Poland
  • Netherlands
  • Nordic Countries
  • China
  • India
  • Japan
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • South Korea
  • ANZ
  • Turkey
  • Saudi Arabia
  • UAE
  • Israel
  • Kuwait
  • Egypt
  • Morocco
  • South Africa
  • Nigeria
Companies Profile
  • Bridgestone Corporation
  • Cheng Shin Rubber Ind. Ltd.
  • Continental AG
  • Cooper Tire & Rubber Company
  • Giti Tire
  • Hangzhou Zhongce Rubber Co., Ltd.
  • Hankook Tire
  • Kumho Tire Co., Inc.
  • MICHELIN
  • Nexen Tire Corporation
  • Nokian Tyres plc
  • Pirelli & C.S.p.A.
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • The Yokohoma Rubber Co., Ltd.
  • Toyo Tire & Rubber Co., Ltd.
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the global winter tire market in 2023?

The global winter tire market was valued at US$ 25.5 Bn in 2023

How the global winter tire market is expected to grow by 2034?

The global winter tire market is expected to grow at a CAGR of 4.4%, by 2034.

How much worth the global winter tire market will be in 2034?

The global winter tire market will be worth US$ 41.2 Bn in 2034.

Who are the prominent players in the global winter tire market?

The prominent players operating in the global winter tire market are Bridgestone Corporation, Cheng Shin Rubber Ind. Ltd., Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C.S.p.A., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohoma Rubber Co., Ltd., Toyo Tire & Rubber Co., Ltd. and Other Players

How big is the Europe in the global winter tire industry?

The winter tire market in Europe has a significant market share of 57.6% of the market due to stringent regulations and climatic conditions favourable to winter tire use.

What is the share of rim size segment in global winter tire market?

The 12’’- 17’’ segment has the highest share in global winter tire market.

Which region is more lucrative in global winter tire market?

Europe is the most lucrative region in global winter tire market.

    1. Executive Summary: Global Winter Tire Market

        1.1. Global Winter Tire Market Outlook

            1.1.1. Winter Tire Market Size, Volume (Million Units), Value (US$ Bn), 2020-2034

            1.1.2. Regional Data for Winter Tire Market

            1.1.3. Country-level Market Size for Winter Tire - Volume (Million Units), Value (US$ Bn), 2023 and 2034

        1.2. Key Facts and Figures

            1.2.1. Segmental Market Share Analysis, 2023

            1.2.2. Company Share Analysis (%), 2023

            1.2.3. Market Growth Factors

        1.3. Go to Market Strategy

            1.3.1. Demand Side Trends

            1.3.2. Supply Side Trends

            1.3.3. Identification of Potential Market Spaces

            1.3.4. Growth Opportunity Analysis

            1.3.5. Suitable STP Strategy

        1.4. TMR Analysis and Recommendations

    2. Market Overview

        2.1. Market Segmentation/ Taxonomy

        2.2. Market Definitions

        2.3. Key Trend Analysis

            2.3.1. Technology/ Product Trends

            2.3.2. Business/ Industry Trends

            2.3.3. Futuristic/ Innovation Trends

        2.4. Market Dynamics (Growth Influencers)

            2.4.1. Drivers

            2.4.2. Restraints

            2.4.3. Opportunities

        2.5. Porter’s Five Forces Analysis

            2.5.1. Threat of New Entrants

            2.5.2. Threat of Substitute

            2.5.3. Bargaining Power of Supplier

            2.5.4. Bargaining Power of Buyer

            2.5.5. Degree of Competition

        2.6. SWOT Analysis

        2.7. Regulatory Framework

            2.7.1. Key Regulations and Norms for Winter Tire, by Key Countries

            2.7.2. Compliances, Subsidies, and Norms, by Key Countries

            2.7.3. Governing/ Authority Bodies, by Key Countries

        2.8. Ecosystem/ Value Chain Analysis

            2.8.1. List of Key Players

                2.8.1.1. Raw Material Suppliers

                2.8.1.2. Tire Manufacturers

                2.8.1.3. OEMs

                2.8.1.4. End-users

            2.8.2. Level of Integration

        2.9. Technology/ Product Roadmap

            2.9.1. Historic Changes

            2.9.2. Adoption of the Technology

            2.9.3. Future Developments, by Key Players

        2.10. Pricing Model Analysis/ Price Trend Analysis

            2.10.1. Regional Pricing Analysis

            2.10.2. Segmental Pricing Trends

            2.10.3. Company-level/ Brand Pricing Analysis

            2.10.4. Factors Influencing Pricing

            2.10.5. Competitive Pricing Strategy

        2.11. Cost Structure Analysis

            2.11.1. Cost Structure Breakdown

                2.11.1.1. Raw Material Cost

                2.11.1.2. Manufacturing Cost

                2.11.1.3. Labor Cost

                2.11.1.4. R&D Cost

                2.11.1.5. Amortization & Depreciation Cost

                2.11.1.6. Fixed Cost

                2.11.1.7. Other Costs

            2.11.2. Winter Tire - Cost Structure Analysis, by Key 5 Players

        2.12. Impact Factors

            2.12.1. Vehicle Sales and Ownership Trends

            2.12.2. Tire Prices

            2.12.3. Global Supply Chain Issues

        2.13. Global Winter Tire Market Demand in Volume (Million Units), Value (US$ Bn)

            2.13.1. Historical Market Size - in Volume (Million Units) and Value (US$ Bn), 2020-2023

            2.13.2. Current and Future Market Size - in Volume (Million Units) and Value (US$ Bn), 2024-2034

                2.13.2.1. Y-o-Y Growth Trends

                2.13.2.2. Absolute $ Opportunity Assessment

                    2.13.2.2.1. By Rim Size

                    2.13.2.2.2. By Tire Type

                    2.13.2.2.3. By Vehicle Type

    3. Global Winter Tire Market Analysis, By Rim Size

        3.1. Key Segment Analysis

        3.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, By Rim Size, 2020-2034

            3.2.1. 12’’- 17’’

            3.2.2. 18’’-21’’

            3.2.3. >22’’

    4. Global Winter Tire Market Analysis, By Tire Type

        4.1. Key Segment Analysis

        4.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, By Tire Type, 2020-2034

            4.2.1. Studded Tires

            4.2.2. Non-studded Tires

    5. Global Winter Tire Market Analysis, by Vehicle Type

        5.1. Key Segment Analysis

        5.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Vehicle Type, 2020-2034

            5.2.1. Passenger Vehicle

            5.2.2. Light Commercial Vehicle

            5.2.3. Heavy Commercial Vehicle

    6. Global Winter Tire Market Analysis and Forecasts, by Region

        6.1. Key Findings

        6.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Region, 2020-2034

            6.2.1. North America

            6.2.2. Central and South America

            6.2.3. Europe

            6.2.4. Asia Pacific

            6.2.5. Middle East and Africa

    7. North America Winter Tire Market Analysis and Forecasts

        7.1. Regional Snapshot

        7.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2020-2034

            7.2.1. By Rim Size

            7.2.2. By Tire Type

            7.2.3. By Vehicle Type

            7.2.4. By Country

                7.2.4.1. USA

                7.2.4.2. Canada

                7.2.4.3. Mexico

    8. Central and South America Winter Tire Market Analysis and Forecasts

        8.1. Regional Snapshot

        8.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2020-2034

            8.2.1. By Rim Size

            8.2.2. By Tire Type

            8.2.3. By Vehicle Type

            8.2.4. By Country

                8.2.4.1. Brazil

                8.2.4.2. Argentina

                8.2.4.3. Rest of Central and South America

    9. Europe Winter Tire Market Analysis and Forecasts

        9.1. Regional Snapshot

        9.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2020-2034

            9.2.1. By Rim Size

            9.2.2. By Tire Type

            9.2.3. By Vehicle Type

            9.2.4. By Country

                9.2.4.1. Germany

                9.2.4.2. UK

                9.2.4.3. France

                9.2.4.4. Italy

                9.2.4.5. Spain

                9.2.4.6. Belgium

                9.2.4.7. Netherlands

                9.2.4.8. Nordic Countries

                9.2.4.9. Russia & CIS

                9.2.4.10. Poland

                9.2.4.11. Rest of Europe

    10. Asia Pacific Winter Tire Market Analysis and Forecasts

        10.1. Regional Snapshot

        10.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2020-2034

            10.2.1. By Rim Size

            10.2.2. By Tire Type

            10.2.3. By Vehicle Type

            10.2.4. By Country

                10.2.4.1. China

                10.2.4.2. India

                10.2.4.3. Japan

                10.2.4.4. South Korea

                10.2.4.5. Indonesia

                10.2.4.6. Malaysia

                10.2.4.7. Singapore

                10.2.4.8. Thailand

                10.2.4.9. Vietnam

                10.2.4.10. Philippines

                10.2.4.11. Australia and New Zealand

                10.2.4.12. Rest of Asia Pacific

    11. Middle East and Africa Winter Tire Market Analysis and Forecasts

        11.1. Regional Snapshot

        11.2. Winter Tire Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2020-2034

            11.2.1. By Rim Size

            11.2.2. By Tire Type

            11.2.3. By Vehicle Type

            11.2.4. By Country

                11.2.4.1. Turkey

                11.2.4.2. Saudi Arabia

                11.2.4.3. UAE

                11.2.4.4. Israel

                11.2.4.5. South Africa

                11.2.4.6. Rest of Middle East and Africa

    12. Competitive Landscape

        12.1. Competition Structure

            12.1.1. Market Concentration

            12.1.2. Market Presence Analysis

                12.1.2.1. Regional Presence

                12.1.2.2. Product/ Service/ Application/ Industry Presence

            12.1.3. Pricing Analysis

            12.1.4. Revenue Contribution

        12.2. Revenue Share Analysis by Key Players, 2023

        12.3. Competitive Dashboard/ Matrix Analysis

        12.4. Company Profile/ Analysis

            12.4.1. Bridgestone Corporation

                12.4.1.1. Company Details

                12.4.1.2. Company Overview

                12.4.1.3. Company Financials

                12.4.1.4. Business/ Industry Portfolio

                12.4.1.5. Product Portfolio/ Specification Details

                12.4.1.6. Strategic Overview and Recent Developments

                12.4.1.7. Key Customers and Competitors

            12.4.2. Cheng Shin Rubber Ind. Ltd.

                12.4.2.1. Company Details

                12.4.2.2. Company Overview

                12.4.2.3. Company Financials

                12.4.2.4. Business/ Industry Portfolio

                12.4.2.5. Product Portfolio/ Specification Details

                12.4.2.6. Strategic Overview and Recent Developments

                12.4.2.7. Key Customers and Competitors

            12.4.3. Continental AG

                12.4.3.1. Company Details

                12.4.3.2. Company Overview

                12.4.3.3. Company Financials

                12.4.3.4. Business/ Industry Portfolio

                12.4.3.5. Product Portfolio/ Specification Details

                12.4.3.6. Strategic Overview and Recent Developments

                12.4.3.7. Key Customers and Competitors

            12.4.4. Cooper Tire & Rubber Company

                12.4.4.1. Company Details

                12.4.4.2. Company Overview

                12.4.4.3. Company Financials

                12.4.4.4. Business/ Industry Portfolio

                12.4.4.5. Product Portfolio/ Specification Details

                12.4.4.6. Strategic Overview and Recent Developments

                12.4.4.7. Key Customers and Competitors

            12.4.5. Giti Tire

                12.4.5.1. Company Details

                12.4.5.2. Company Overview

                12.4.5.3. Company Financials

                12.4.5.4. Business/ Industry Portfolio

                12.4.5.5. Product Portfolio/ Specification Details

                12.4.5.6. Strategic Overview and Recent Developments

                12.4.5.7. Key Customers and Competitors

            12.4.6. Hangzhou Zhongce Rubber Co., Ltd.

                12.4.6.1. Company Details

                12.4.6.2. Company Overview

                12.4.6.3. Company Financials

                12.4.6.4. Business/ Industry Portfolio

                12.4.6.5. Product Portfolio/ Specification Details

                12.4.6.6. Strategic Overview and Recent Developments

                12.4.6.7. Key Customers and Competitors

            12.4.7. Hankook Tire

                12.4.7.1. Company Details

                12.4.7.2. Company Overview

                12.4.7.3. Company Financials

                12.4.7.4. Business/ Industry Portfolio

                12.4.7.5. Product Portfolio/ Specification Details

                12.4.7.6. Strategic Overview and Recent Developments

                12.4.7.7. Key Customers and Competitors

            12.4.8. Kumho Tire Co., Inc.

                12.4.8.1. Company Details

                12.4.8.2. Company Overview

                12.4.8.3. Company Financials

                12.4.8.4. Business/ Industry Portfolio

                12.4.8.5. Product Portfolio/ Specification Details

                12.4.8.6. Strategic Overview and Recent Developments

                12.4.8.7. Key Customers and Competitors

            12.4.9. MICHELIN

                12.4.9.1. Company Details

                12.4.9.2. Company Overview

                12.4.9.3. Company Financials

                12.4.9.4. Business/ Industry Portfolio

                12.4.9.5. Product Portfolio/ Specification Details

                12.4.9.6. Strategic Overview and Recent Developments

                12.4.9.7. Key Customers and Competitors

            12.4.10. Nexen Tire Corporation

                12.4.10.1. Company Details

                12.4.10.2. Company Overview

                12.4.10.3. Company Financials

                12.4.10.4. Business/ Industry Portfolio

                12.4.10.5. Product Portfolio/ Specification Details

                12.4.10.6. Strategic Overview and Recent Developments

                12.4.10.7. Key Customers and Competitors

            12.4.11. Nokian Tyres plc

                12.4.11.1. Company Details

                12.4.11.2. Company Overview

                12.4.11.3. Company Financials

                12.4.11.4. Business/ Industry Portfolio

                12.4.11.5. Product Portfolio/ Specification Details

                12.4.11.6. Strategic Overview and Recent Developments

                12.4.11.7. Key Customers and Competitors

            12.4.12. Pirelli & C.S.p.A.

                12.4.12.1. Company Details

                12.4.12.2. Company Overview

                12.4.12.3. Company Financials

                12.4.12.4. Business/ Industry Portfolio

                12.4.12.5. Product Portfolio/ Specification Details

                12.4.12.6. Strategic Overview and Recent Developments

                12.4.12.7. Key Customers and Competitors

            12.4.13. Sumitomo Rubber Industries, Ltd.

                12.4.13.1. Company Details

                12.4.13.2. Company Overview

                12.4.13.3. Company Financials

                12.4.13.4. Business/ Industry Portfolio

                12.4.13.5. Product Portfolio/ Specification Details

                12.4.13.6. Strategic Overview and Recent Developments

                12.4.13.7. Key Customers and Competitors

            12.4.14. The Goodyear Tire & Rubber Company

                12.4.14.1. Company Details

                12.4.14.2. Company Overview

                12.4.14.3. Company Financials

                12.4.14.4. Business/ Industry Portfolio

                12.4.14.5. Product Portfolio/ Specification Details

                12.4.14.6. Strategic Overview and Recent Developments

                12.4.14.7. Key Customers and Competitors

            12.4.15. The Yokohoma Rubber Co., Ltd.

                12.4.15.1. Company Details

                12.4.15.2. Company Overview

                12.4.15.3. Company Financials

                12.4.15.4. Business/ Industry Portfolio

                12.4.15.5. Product Portfolio/ Specification Details

                12.4.15.6. Strategic Overview and Recent Developments

                12.4.15.7. Key Customers and Competitors

            12.4.16. Toyo Tire & Rubber Co., Ltd.

                12.4.16.1. Company Details

                12.4.16.2. Company Overview

                12.4.16.3. Company Financials

                12.4.16.4. Business/ Industry Portfolio

                12.4.16.5. Product Portfolio/ Specification Details

                12.4.16.6. Strategic Overview and Recent Developments

                12.4.16.7. Key Customers and Competitors

            12.4.17. Other Key Players

                12.4.17.1. Company Details

                12.4.17.2. Company Overview

                12.4.17.3. Company Financials

                12.4.17.4. Business/ Industry Portfolio

                12.4.17.5. Product Portfolio/ Specification Details

                12.4.17.6. Strategic Overview and Recent Developments

                12.4.17.7. Key Customers and Competitors

    13. Annexure

    List of Tables

    Table 01: Global Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Table 02: Global Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Table 03: Global Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Table 04: Global Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Table 05: Global Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Table 06: Global Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Table 07: Global Winter Tire Market Volume (Million Units) Forecast, by Region, 2020-2034

    Table 08: Global Winter Tire Market Value (US$ Bn) Forecast, by Region, 2020-2034

    Table 09: Global Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Table 10: Global Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Table 11: Global Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Table 12: Global Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Table 13: Global Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Table 14: Global Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Table 15: Global Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Table 16: Global Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Table 17: North America Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Table 18: North America Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Table 19: North America Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Table 20: North America Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Table 21: North America Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Table 22: North America Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Table 23: North America Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Table 24: North America Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Table 25: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Table 26: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Table 27: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Table 28: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Table 29: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Table 30: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Table 31: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Table 32: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Table 33: Europe Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Table 34: Europe Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Table 35: Europe Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Table 36: Europe Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Table 37: Europe Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Table 38: Europe Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Table 39: Europe Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Table 40: Europe Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Table 41: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Table 42: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Table 43: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Table 44: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Table 45: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Table 46: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Table 47: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Table 48: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Table 49: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Table 50: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Table 51: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Table 52: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Table 53: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Table 54: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Table 55: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Table 56: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    List of Figures

    Figure 01: Global Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Figure 02: Global Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Figure 03: Global Winter Tire Market, Incremental Opportunity, by Rim Size, Value (US$ Bn), 2024-2034

    Figure 04: Global Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Figure 05: Global Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Figure 06: Global Winter Tire Market, Incremental Opportunity, by Tire Type, Value (US$ Bn), 2024-2034

    Figure 07: Global Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Figure 08: Global Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Figure 09: Global Winter Tire Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2024-2034

    Figure 10: Global Winter Tire Market Volume (Million Units) Forecast, by Region, 2020-2034

    Figure 11: Global Winter Tire Market Value (US$ Bn) Forecast, by Region, 2020-2034

    Figure 12: Global Winter Tire Market, Incremental Opportunity, by Region, Value (US$ Bn), 2024-2034

    Figure 13: Global Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Figure 14: Global Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Figure 15: Global Winter Tire Market, Incremental Opportunity, by Rim Size, Value (US$ Bn), 2024-2034

    Figure 16: Global Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Figure 17: Global Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Figure 18: Global Winter Tire Market, Incremental Opportunity, by Tire Type, Value (US$ Bn), 2024-2034

    Figure 19: Global Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Figure 20: Global Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Figure 21: Global Winter Tire Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2024-2034

    Figure 22: Global Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Figure 23: Global Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Figure 24: Global Winter Tire Market, Incremental Opportunity, by Country, Value (US$ Bn), 2024-2034

    Figure 25: North America Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Figure 26: North America Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Figure 27: North America Winter Tire Market, Incremental Opportunity, by Rim Size, Value (US$ Bn), 2024-2034

    Figure 28: North America Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Figure 29: North America Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Figure 30: North America Winter Tire Market, Incremental Opportunity, by Tire Type, Value (US$ Bn), 2024-2034

    Figure 31: North America Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Figure 32: North America Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Figure 33: North America Winter Tire Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2024-2034

    Figure 34: North America Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Figure 35: North America Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Figure 36: North America Winter Tire Market, Incremental Opportunity, by Country, Value (US$ Bn), 2024-2034

    Figure 37: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Figure 38: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Figure 39: Central and South America Winter Tire Market, Incremental Opportunity, by Rim Size, Value (US$ Bn), 2024-2034

    Figure 40: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Figure 41: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Figure 42: Central and South America Winter Tire Market, Incremental Opportunity, by Tire Type, Value (US$ Bn), 2024-2034

    Figure 43: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Figure 44: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Figure 45: Central and South America Winter Tire Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2024-2034

    Figure 46: Central and South America Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Figure 47: Central and South America Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Figure 48: Central and South America Winter Tire Market, Incremental Opportunity, by Country, Value (US$ Bn), 2024-2034

    Figure 49: Europe Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Figure 50: Europe Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Figure 51: Europe Winter Tire Market, Incremental Opportunity, by Rim Size, Value (US$ Bn), 2024-2034

    Figure 52: Europe Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Figure 53: Europe Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Figure 54: Europe Winter Tire Market, Incremental Opportunity, by Tire Type, Value (US$ Bn), 2024-2034

    Figure 55: Europe Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Figure 56: Europe Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Figure 57: Europe Winter Tire Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2024-2034

    Figure 58: Europe Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Figure 59: Europe Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Figure 60: Europe Winter Tire Market, Incremental Opportunity, by Country, Value (US$ Bn), 2024-2034

    Figure 61: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Figure 62: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Figure 63: Asia Pacific Winter Tire Market, Incremental Opportunity, by Rim Size, Value (US$ Bn), 2024-2034

    Figure 64: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Figure 65: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Figure 66: Asia Pacific Winter Tire Market, Incremental Opportunity, by Tire Type, Value (US$ Bn), 2024-2034

    Figure 67: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Figure 68: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Figure 69: Asia Pacific Winter Tire Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2024-2034

    Figure 70: Asia Pacific Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Figure 71: Asia Pacific Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Figure 72: Asia Pacific Winter Tire Market, Incremental Opportunity, by Country, Value (US$ Bn), 2024-2034

    Figure 73: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Rim Size, 2020-2034

    Figure 74: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Rim Size, 2020-2034

    Figure 75: Middle East and Africa Winter Tire Market, Incremental Opportunity, by Rim Size, Value (US$ Bn), 2024-2034

    Figure 76: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Tire Type, 2020-2034

    Figure 77: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Tire Type, 2020-2034

    Figure 78: Middle East and Africa Winter Tire Market, Incremental Opportunity, by Tire Type, Value (US$ Bn), 2024-2034

    Figure 79: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Vehicle Type, 2020-2034

    Figure 80: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Vehicle Type, 2020-2034

    Figure 81: Middle East and Africa Winter Tire Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2024-2034

    Figure 82: Middle East and Africa Winter Tire Market Volume (Million Units) Forecast, by Country, 2020-2034

    Figure 83: Middle East and Africa Winter Tire Market Value (US$ Bn) Forecast, by Country, 2020-2034

    Figure 84: Middle East and Africa Winter Tire Market, Incremental Opportunity, by Country, Value (US$ Bn), 2024-2034

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