Global Winter Tire Market Overview:
Winter tires are usually tired with a different rubber composition from all-weather tires. Cold-weather tires include a greater percentage of natural rubber and silica so there is not as much hardening as found in synthetic rubber in cold conditions: they provide better traction at lower temperatures. Winter tires provide more small-tread areas, increasing traction on snow and, in wet conditions, allowing water to escape from under the tire more easily.
- Manufacturers are Focusing on the Designing and Development of Fuel-Efficient, Reliable and Environmental Friendly Winter Tires
- Numerous Countries with Cold Climates are Inclined Towards Mandatory Use of Winter Tire for Safety Purposes
- Key Market Players are Focusing on the Development of High-Performance Winter Tires
- Insufficient Traction and Loss of Control over the Vehicle
- Increase in Sales of Automobiles, Particularly in Countries with Cold Climates such as Canada, Russia, etc
- Various Insurance Companies are Offering Discount on Premiums for Vehicles Equipped Winter Tires
- High Cost and Limited Adoption Rate in Developing Nations
Some of the key players profiled in the report are Bridgestone Corporation (Japan), Continental AG (Germany), Goodyear Tire and Rubber Company (United States), Michelin (France), Pirelli (Italy), Yokohama Rubber Company (Japan), Sumitomo Rubber Industries (Japan), Hankook Tire (South Korea), Nokian (Finland), Toyo Tire (Japan), PJSC TATNEFT (Russia), Cooper Tire & Rubber Company (United States), Doublestar Tire (China) and ZC Rubber (China). Additionally, following companies can also be profiled that are part of our coverage like Triangle Tyre Co. Ltd. (China), Apollo Tyres Ltd. (India), GITI Tire (Singapore), Cheng Shin Rubber Ind. Co. Ltd. (Taiwan) and Nexen Tire (South Korea). Considering Market by Rim Size, the sub-segment i.e. 12’’- 17’’ will boost the Winter Tire market. Considering Market by Sales Channel, the sub-segment i.e. OEMs will boost the Winter Tire market.
In Canada, Although provincial guidelines strongly recommend using winter tires during winter months, there is currently no legislation that requires it. Studded tires are permitted between October 1 and May 31. Studded tires are permitted between November 1 and May 31 and winter tires are highly recommended during this period.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Winter Tire market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Winter Tire market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw material Suppliers, OEMs and Tire Manufacturers, Rubber, Chemical and Equipment Suppliers, Processors, Producers and Users of Tires, Industry Consultants and Analyzers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.