Winter Tire Market by 2028 | Global Forecast, Trends, Opportunity and Industry Analysis

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Winter tires are tires designed for use in colder weather, snow and ice. Winter tires have more sipes than summer tires, increasing traction on snow and ice. Tires designed for winter conditions are optimized to drive at temperatures below 7 °C (45 °F). They are an alternative to the use of snow chains.
Winter tires are usually tires with a different rubber composition from all-weather (all-season) 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. This reduces the risk of hydroplaning. Snow/winter tires start to perform better than summer or all-season tires if temperature falls below 7C (45F), as the rubber compounds in the latter harden resulting to decreasing grip even on dry pavement Interestingly one achieves maximum grip on packed snow if the slippage/wheel spinis 40-50%, i.e. one should turn off the traction control in most modern cars for maximum traction.
Studded tires with metal pins that protrude from the tire can greatly reduce skidding and accidents on snow or ice-covered roads. In much of Scandinavia, Canada, and the US, winter tires may have metal studs to improve grip on packed snow or ice, but such tires are prohibited in certain other jurisdictions because of the damage they cause to the road surface.
A tire is a ring-shaped vehicle component that covers the wheel’s rim to protect it and enable better vehicle performance. Most tires, such as those for automobiles and bicycles, provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.
The materials of modern pneumatic tires are synthetic rubber, natural rubber, fabric and wire, along with carbon black and other chemical compounds.
This report contains market size and forecasts of Winter Tire in global, including the following market information:
Global Winter Tire Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Winter Tire Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Winter Tire companies in 2021 (%)
The global Winter Tire market was valued at 12810 million in 2021 and is projected to reach US$ 14630 million by 2028, at a CAGR of 1.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Studded Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Winter Tire include Bridgestone, Michelin, Continental, Goodyear, Nokian Tyres, Hankook, Nizhnekamskshina, Pirelli and Cooper Tire, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Winter Tire manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Winter Tire Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Winter Tire Market Segment Percentages, by Type, 2021 (%)
– Studded
– Studless
Global Winter Tire Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Winter Tire Market Segment Percentages, by Application, 2021 (%)
– Passenger Tires
– Light Truck/SUV Tires
– Others
Global Winter Tire Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Winter Tire Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Winter Tire revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Winter Tire revenues share in global market, 2021 (%)
Key companies Winter Tire sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Winter Tire sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
– Bridgestone
– Michelin
– Continental
– Goodyear
– Nokian Tyres
– Hankook
– Nizhnekamskshina
– Pirelli
– Cooper Tire
– Yokohama
– Toyo Tire
– Kumho Tire
– JSC Cordiant
– Zhongce
– GITI Tire
– Triangle
– Apollo
– Cheng Shin
– Nexen Tire

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