Auto
tire is a ring-formed vehicle part which covers the wheel's rim to protect
& enable better vehicle performance. Auto tire provides traction between
the road and vehicle while providing a flexible cushion that fascinates shock.
All-season tire is a tire which is used in a full year, also known as
all-weather tire. It combines properties of both winter and summer tire to
create a good all-round performance tire. It is made from an intermediate
rubber compound which offers sufficient grip on warm, dry roads but
correspondingly do not harden as much as summer tires in cold climate.
Additionally, it has a unique tread pattern with grooves to support aquaplaning
resistance and high-density sipes which provide interlocking grip in icy
conditions. It is designed to perform on various road conditions & surfaces
such as dry and wet roads, which ensures a safe driving experience. It provides
a balance of capabilities, providing satisfactory performance in wet & dry
conditions, as well as traction in snow.
The
key benefit are included remove the hassle of owning & storing multiple
sets of tires, improves handling on dry & warm roads (compared to winter
tire) and provide better grip than summer tires in cold wintery conditions.
According
to study, “World
All-season Tire Market Research Report 2024(Covering USA, EU, China, South East
Asia, Japan and etc)” the key companies operating in the world
all-season tire market are Michelin Tires, BridgeStone Corp., Apollo Tires, The
Goodyear Tire & Rubber Co., Pirelli & C SPA, Nokian Tyres, Hankook
Tires Group, MRF (Madras Rubber Factory Limited), Cooper Tire & Rubber
Company, JSC Cordiant, Tatneft Group, Continental Automotive AG, Petlas, The
Yokohama Rubber Co. Ltd. Key manufacturers are adopting new supply chain &
distribution strategies for instance retail chains and e-commerce to reach
efficiently the end-user apart from the conventional supply to automobile
assemblers and aftermarket industry.
Based
on type, all-season tire market is segmented into bias and radial. Based on
section width, market is segmented into less than 200 mm, between 200 and
230mm, above 230mm. Based on presence of
stud, market is segmented into studded and studd-less. Based on material,
market is segmented into elastomer and cords. In addition, based on vehicle
type, market is segmented into commercial vehicle (heavy commercial vehicle
(HCV) and light commercial vehicle (LCV)) and passenger vehicle.
The
all-season tire market is driven by rise in demand of all-season tires owing to
all-round performance, reliability, and durability, followed by growth in
awareness about benefits of all-season tires among consumers, increase in use
of non-petroleum materials, rise in sales of automobiles, increase in
concentration of greenhouse gases, growth in focus toward fuel economy,
technological proliferation, rise in demand for convenience, and increase in
radial tire up gradation activities. However, stringent emission norms by
governments & regulatory authorities may impact the market.
Based
on geography, USA country holds major share, followed by EU in all-season tire
market owing to high tire replacement rate in the country. China and Japan
countries are expected to witness higher growth rate due to increase in
development of the innovative & environment-friendly green tires over the
forecast period.
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