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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Ankur Gupta, Head Marketing & Communications