Brazil Automotive Tire Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
Brazil Automotive Tire Market Size- By Vehicle Type, By Season Type, By Rim Size, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AMIN2459 | Pages: 1 - 103 | Formats*: |
| Category : Automotive & Transportation | |||
Brazil Automotive Tire Market Introduction and Overview
According to SPER Market Research, the Brazil Automotive Tire Market is estimated to reach USD 2.78 Billion by 2033 with a CAGR of 5.2%.
The report includes an in-depth analysis of the Brazil Automotive Tire Market, including market size and trends, product mix, applications, and supplier analysis. Automotive tyres are the rubber-covered, circular parts of vehicles that go around the outside of the wheel rim. The tire's primary jobs are to protect the wheel rim and provide tractive force between the car and the road. Because it is made of rubber, it also acts as a flexible cushion to absorb stress from the car and lessen the impact of vibrations. Rubber tyres are made up of various materials such as cloth, carbon black, synthetic rubber, and jointless cap heaps in addition to tread.
- "Dynapro AT2" tyres from Hankook are now available for off-road and on-road SUVs. Quietness, comfort, and a strong drive on the off-road are characteristics of these tyres, which offer post-optimal performance in all road situations. In addition, the industry leader in tyre production, Bridgestone Corporation, introduced BATTLECROSS E50 motorcycle tyres specifically designed for enduro racing.
Market Opportunities and Challenges
Due to the increased demand for vehicle production to meet the spike in vehicle requirements across all categories, there is an exponential expansion in the market for tyres. As a result, car production ultimately controls the need for tyres. The growth in automobile production and sales across all vehicle segments, along with increased competition among tyre producers, are the main drivers of the Brazilian automotive tyre industry. Furthermore, the automotive tyre market is expected to increase rapidly as a result of the use of new technology in the production process. In addition, the government's assistance along with worries about safety, fuel efficiency, and technological advancements are anticipated to provide a lot of growth and expansion opportunity in the market.
The automotive tire market is driven by growing economies like China, India, Brazil, and South Africa, leading to increased vehicle manufacturing and higher consumer standards of living. This shift indirectly influences Brazil's tire market, with rising vehicle sales and longer vehicle lifespans creating aftermarket opportunities.
Nonetheless, there are a number of difficulties facing the Brazilian auto tyre industry. It is anticipated that factors like changes in the retread tyre industry and fluctuating raw material prices would impede the market's expansion. Market uncertainty is caused by changes in consumer purchasing power and tyre production costs as a result of economic volatility and volatile exchange rates. Furthermore, inadequate maintenance and poor road conditions lead to increased tyre wear and tear, which calls for frequent replacements due to infrastructural flaws. The dynamics of the market are further complicated by import tariffs and trade restrictions on tyres and rubber products. Furthermore, manufacturers are under increased pressure to implement sustainable procedures due to environmental concerns about tyre recycling and disposal. Reforming regulations, investing in infrastructure, and developing creative ways to dispose of and manufacture tyres sustainably are all necessary to meet these obstacles.
Market Competitive Landscape
The major key players in the Brazil Automotive Tire Market are: Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Yokohama Rubber Co., Ltd., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Season Type, By Rim Size, By Distribution Channel |
| Regions covered | Central-West Region, North Region, Northeast Region, South Region, Southeast Region |
| Companies Covered | Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Yokohama Rubber Co., Ltd., Others |
COVID-19 Impact on Brazil Automotive Tire Market
Manufacturing companies that produce tyres for automobiles have been severely damaged by the COVID-19 outbreak, resulting in production stoppages. Manufacturing businesses have suffered significant losses as a result of the pandemic's devastating impact on worldwide automobile sales. The problem has been made worse by lockdown measures implemented in several major nations, which have affected both the supply and demand for automotive components. Production procedures are further hampered by the skilled labour scarcity that large corporations are dealing with. These difficulties underline the pandemic's severe consequences on the automobile sector and the necessity of flexible measures to lessen those effects and maintain resilience in the face of enduring uncertainty.
Key Target Audience:
- Automotive Dealerships
- Automotive Service Centers
- Fleet Operators
- Tire Manufacturers
- Tire Retailers and Distributors
- Vehicle Manufacturers
- Others
Our in-depth analysis of the Brazil Automotive Tire Market includes the following segments:
| By Vehicle Type: |
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| By Season Type: |
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| By Rim Size: |
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| By Distribution Channel: |
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Key Topics Covered in the Report:
- Brazil Automotive Tire Market Size (FY’2024-FY’2033)
- Overview of Brazil Automotive Tire Market
- Segmentation of Brazil Automotive Tire Market By Vehicle Type (Commercial vehicles, Electric vehicles, Luxury/Premium vehicles, Passenger cars)
- Segmentation of Brazil Automotive Tire Market By Season Type (All-season, Summer, Winter)
- Segmentation of Brazil Automotive Tire Market By Rim Size (Less than 15 inch, 15-20 inch, More than 20 inch)
- Segmentation of Brazil Automotive Tire Market By Distribution Channel (Aftermarket, OEM, Online sales)
- Statistical Snap of Brazil Automotive Tire Market
- Expansion Analysis of Brazil Automotive Tire Market
- Problems and Obstacles in Brazil Automotive Tire Market
- Competitive Landscape in the Brazil Automotive Tire Market
- Impact of COVID-19 and Demonetization on Brazil Automotive Tire Market
- Details on Current Investment in Brazil Automotive Tire Market
- Competitive Analysis of Brazil Automotive Tire Market
- Prominent Players in the Brazil Automotive Tire Market
- SWOT Analysis of Brazil Automotive Tire Market
- Brazil Automotive Tire Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Brazil Automotive Tire Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Brazil Automotive Tire Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Brazil Automotive Tire Market
7. Brazil Automotive Tire Market, By Vehicle Type (USD Million)
7.1. Brazil Automotive Tire Market Value Share and Forecast, By Vehicle Type, 2024-20337.2. Commercial vehicles7.3. Electric vehicles7.4. Luxury/Premium vehicles7.5. Passenger cars
8. Brazil Automotive Tire Market, By Season Type (USD Million)
8.1. Brazil Automotive Tire Market Value Share and Forecast, By Season Type, 2024-20338.2. All-season8.3. Summer8.4. Winter
9. Brazil Automotive Tire Market, By Rim Size (USD Million)
9.1. Brazil Automotive Tire Market Value Share and Forecast, By Rim Size, 2024-20339.2. Less than 15 inch9.3. 15-20 inch9.4. More than 20 inch
10. Brazil Automotive Tire Market, By Distribution Channel (USD Million)
10.1. Brazil Automotive Tire Market Value Share and Forecast, By Distribution Channel, 2024-203310.2. Aftermarket10.3. OEM10.4. Online sales
11. Brazil Automotive Tire Market Forecast, 2020-2033 (USD Million)
11.1. Brazil Automotive Tire Market Size and Market Share
12. Brazil Automotive Tire Market, By Vehicle Type, 2020-2033 (USD Million)
12.1. Brazil Automotive Tire Market Size and Market Share By Vehicle Type (2020-2026)12.2. Brazil Automotive Tire Market Size and Market Share By Vehicle Type (2027-2033)
13. Brazil Automotive Tire Market, By Season Type, 2020-2033 (USD Million)
13.1. Brazil Automotive Tire Market Size and Market Share By Season Type (2020-2026)13.2. Brazil Automotive Tire Market Size and Market Share By Season Type (2027-2033)
14. Brazil Automotive Tire Market, By Rim Size, 2020-2033 (USD Million)
14.1. Brazil Automotive Tire Market Size and Market Share By Rim Size (2020-2026)14.2. Brazil Automotive Tire Market Size and Market Share By Rim Size (2027-2033)
15. Brazil Automotive Tire Market, By Distribution Channel, 2020-2033 (USD Million)
15.1. Brazil Automotive Tire Market Size and Market Share By Distribution Channel (2020-2026)15.2. Brazil Automotive Tire Market Size and Market Share By Distribution Channel (2027-2033)
16. Brazil Automotive Tire Market, By Region, 2020-2033 (USD Million)
16.1. Brazil Automotive Tire Market Size and Market Share By Region (2020-2026)16.2. Brazil Automotive Tire Market Size and Market Share By Region (2027-2033)16.3. Central-West Region16.4. North Region16.5. Northeast Region16.6. South Region16.7. Southeast Region
17. Company Profile
17.1. Bridgestone Corporation17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Continental AG17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Hankook Tire & Technology Co., Ltd.17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Pirelli & C. S.p.A.17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Sumitomo Rubber Industries, Ltd.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. The Goodyear Tire & Rubber Company17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Toyo Tire Corporation17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Yokohama Rubber Co., Ltd.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Brazil Automotive Tire Market is projected to reach USD 2.78 billion by 2033, growing at a CAGR of 5.2% during the forecast period.
Brazil Automotive Tire Market grew in market size from 2023. The Market is expected to reach USD 2.78 billion by 2033, at a CAGR of 5.2% during the forecast period.
Brazil Automotive Tire Market CAGR of 5.2% during the forecast period.
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Brazil Automotive Tire Market size is USD 2.78 billion from 2023 to 2033.
Brazil Automotive Tire Market Segment is Covered By Vehicle Type, By Season Type, By Rim Size, By Distribution Channel
The Central and South America region is anticipated to have the highest market share in Brazil Automotive Tire Market.
The key players in the market include Companies Covered Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Yokohama Rubber Co., Ltd., Others
The automotive tire market is driven by growing economies like China, India, Brazil, and South Africa, leading to increased vehicle manufacturing and higher consumer standards of living.
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