Top 5 Vendors in the Automotive All-season Tires Market from 2019 to 2023 | Technavio
Such performance advantages of all-season tires are expected to boost the growth of the market during the forecast period.
The demand for all-season tires is increasing at a significant rate owing to the growing awareness about their advantages and benefits among consumers. All-season tires provide cornering stability and superior traction in both wet and dry conditions, which ensures a safe driving experience. Furthermore, they are ideal for use in regions exhibiting climatic conditions such as light summer, wet roads, and light winter. Such performance advantages of all-season tires are expected to boost the growth of the market during the forecast period. Furthermore, this industry research report also presents a competitive analysis of the market by application (passenger vehicles and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America).
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Technavio has announced its latest market research report titled global automotive all-season tires market 2019-2023. (Graphic: Business Wire)
Competitive vendor landscape
The global automotive all-season tires market is highly competitive with major vendors such as Bridgestone Corp., Continental AG, MICHELIN, Pirelli & C Spa, The Goodyear Tire & Rubber Co., and THE YOKOHAMA RUBBER Co. Ltd., competing on the basis of price, quality, and market presence.
“The increasing concentration of greenhouse gases and the resultant deteriorating environmental conditions are pushing vendors to adopt advanced and sustainable tire manufacturing technologies and processes. Petroleum-based polymers, additives, and reinforcements are increasingly being replaced with advanced silica as the reinforcing polymers in all-season tires. Thus, the growing use of non-petroleum materials and advanced manufacturing technologies are expected to fuel the growth of the automotive all-season tires market during the forecast period,” says a senior analyst at Technavio.
Top five automotive all-season tires market vendors
Bridgestone Corp.
Bridgestone Corp. deals with tires and tire tubes for passenger cars, mining vehicles, construction equipment, buses, trucks, aircraft, agricultural vehicles, passenger cars, industrial machinery, and motorcycles. The company’s product line of all-season tires includes Dueler H/L Alenza Plus all-season tire for truck and SUV and Ecopia EP422 Plus for sedans and minivans.
Continental AG
Continental AG owns and operates businesses in various segments including chassis and safety, interior, powertrain, tires, contitech. The company offers AllSeasonContact tire which is suitable for cars, It provides superior grip on snowy and wet winter roads and offers, good braking performance on dry and wet summer roads.
MICHELIN
MICHELIN deals with tires for aircraft, high-tech machinery, and off-highway transportation under its specialty businesses and related distribution segment. The company offers CROSSCLIMATE+, which is suitable for use in cars, as it features an innovative compound that provides flexibility to enable indentation on the road surface irrespective of temperature.
Pirelli & C Spa
Pirelli & C Spa develops and manufactures tires for cars, motorcycles, and bicycles under its standard segment. The company also develops and manufactures tires for premium passenger cars, including Ferrari, Lamborghini, Maserati, Bentley, Bugatti, Rolls Royce, Porsche, Aston Martin, McLaren, and Pagani. The company’s key offering in the automotive all-season tires market includes Cinturato P7, which provides superior grip and handling.
The Goodyear Tire & Rubber Co.
The Goodyear Tire & Rubber Co. operates its business through three operating segments representing the regional tire businesses: Americas, EMEA, and APAC. The company offers Goodyear Assurance all-season tires that provide all-season traction and comfort on wet, dry, and snowy conditions.
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