Latest News- Automotive All-Season Tires Market: Passenger vehicles is expected to lead the Application segment during 2025-2029

The Automotive All-Season Tires Market is being driven by Rise in number of mergers and acquisitions among vendors

The Automotive All-Season Tires Market is expected to grow at a CAGR of 6.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10 billion. The automotive all-season tires market has experienced a significant surge in new product launches over the past few years. Vendors, including Hankook Tire and Technology Co. Ltd., are continually investing in research and development to enhance the capabilities of all-season tires in various climatic conditions. In January 2024, Hankook introduced the Kinergy XP, boasting superior performance in diverse weather situations, reduced noise levels, and extended tread life with a robust 75,000-mile warranty. These advancements underscore vendors' commitment to delivering high-quality, versatile tire solutions to consumers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger vehicles
  • Commercial vehicles
• Type
  • Aftermarket
  • OEM
• Performance Features
  • Wet Traction
  • Snow Performance
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in number of mergers and acquisitions among vendors
• Increasing awareness of all-season tires
• Increasing demand for short-term, cost-effective solutions for vehicles

However, the market also witnesses some limitations, which are as follows:

• Limitations of all-season tires in extreme summer/winter season
• Growing use of retread tires with new launches
• Easy availability of substitutes for all-season tires

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Market Scope in Automotive All-Season Tires Market Research Report

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Research Analysis Overview

The Automotive All-Season Tires market encompasses a range of tire types, including passenger car tires, crossover tires, SUV tires, and electric vehicle tires. Trends in tire technology include tire convenience, durability, and environmental consciousness. Rotation schedules and maintenance are crucial for tire longevity. Tire size guides and regulations ensure proper fitment and safety. Brands compete on performance, warranty, and cost. Tire compounds and tread designs cater to various terrain types, from mud to snow. Technology advancements focus on tire adaptability, tire inflation, tire recycling, and sustainable options. Consumers seek tire reviews, safety tips, and tire buying guides to make informed decisions. Tire noise, tire speed rating, tire repair, and tire handling are also important considerations. Tire safety tips include regular pressure monitoring and tire replacement cost awareness. Tire technology continues to evolve, offering improved tire performance, tire technology, and tire safety features.

Market Research Overview

The Automotive All-Season Tires market is a significant segment within the larger Global Tires and Rubber Market. This sector encompasses the production and sales of all-season tires for passenger cars, crossovers, and other vehicles. Technavio projects that the global tires and rubber market, which includes revenues from tire manufacturers catering to automobiles, commercial vehicles, off-road vehicles, heavy-duty vehicles, and motorcycles, will be driven by the growing demand for tire replacements in the aftermarket. This trend is primarily attributed to the extended vehicle ownership periods and the necessity for periodic tire upgrades to ensure optimal traction and fuel efficiency under varying road conditions, including snow and seasonal tire changeovers. New technologies, such as advanced tread designs, are further enhancing the allure of all-season tires, enabling improved road grip and enhanced miles per gallon.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/