Brazil Tire Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Company Analysis
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Brazil's automotive industry has become the most significant market globally, and tire is the circular vehicle component in Brazil automotive market. Since the tire is manufactured from rubber, it also provides a flexible cushion, reducing the impact of the vibrations and absorbing the vehicle's shock. The primary function of the tire is to protect the wheel rim and offer attractive force between the road surface and the vehicle. Brazil is amongst the ten countries where the most number of cars was registered in 2020. Brazil Motor Vehicles Sales was 155,081 Units in September 2021, compared to 172,778 units in August 2021, as per CEIC data. As per Renub Reseaerch research findings, Brazil Tire Market will reach US$ 9.05 Billion by 2027.
Covid-19 impact on Brazilin Tire Industry
COVID-19 has created an oblique impact on the Brazil tire manufacturing industry resulting in production shut down. The automotive sales have been reduced, resulting in enormous losses for manufacturing industries. Major tire companies are facing the unavailability of skilled labour due to which the production has been affected. Since the pandemic, the world has been suffering economic turbulence, decreasing new investments in tire production projects in Brazil.
Brazil Tire Industry is expected to grow with a CAGR of 6.25% from 2021 to 2027
Notwithstanding, backed by increasing per capita income, the growing demand for automobiles, and implementing favorable government schemes are all driving demand for tires in Brazil. Increase safety concerns; the governments are developing stringent tire performance regulations, wet grip-related braking distance reduction, and fuel-saving. Thus, creating ample opportunities for tire manufacturing companies to launch tires that address the Brazilin government regulations. However, factors such as developments in the industry of retreading tires and volatile values of raw elements are anticipated to hinder the growth of the tire market in Brazil.
Demand for 15-20 Inches Tires to Expand at a High Growth Rate due to Increasing Preference for SUVs
On the basis of distribution channel, Brazil tire market includes OEM, Aftermarket and Sales. The demand for replacement of tires and new tires through aftermarket channels is increasing due to different platforms, such as authorized dealers, online, and third-party dealers. Furthermore, rim size such as < 15 inches, 15 - 20 inches and >20 inches is usually used in vehicles. 15-20 inches is expected to expand at a high growth rate owing to an increase in preference for large wheels in SUVs, fueling the demand for 18 inches tires. All-season and summer tires have high market potential due to their extensive usage across all vehicles, such as passenger and commercial.
Brazil Tire Market Size was US$ 6.29 Billion in 2021
Based on vehicle type, the Brazil tire market is sub-segmented into Passenger Cars, Commercial Vehicles, Electric Vehicles and Luxury/Premium Vehicles. The rise in the purchasing power of consumers and improvements in the standard of living are the determinants that increase the sale of luxurious and premium vehicle tires in Brazil. Recently, the vehicle industry has been experiencing rapid growth due to speedy industrialization, which has led to an increase in commercial vehicle tire sales such as tractors, trucks, and trailers in Brazil.
Thus, the increase in the demand for electric vehicles across the South and South East region in Brazil still makes up a small business of electric vehicle tires; the country has vast potential in developing and producing new electric vehicle technologies. For instance, Hankook Tire has launched Dynapro AT2 for on & off-road SUVs in Brazil.
Players in the Brazilian Tire Industry
Key players such as Bridgestone Americas Tire, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tires plc, and Toyo Tires are developing advanced technologies and launching new products to stay competitive in the Brazil tire market. Other rival strategies include new product developments and mergers and acquisitions. These players operating in the market are improving R&D capabilities while enhancing operational efficiency to register positive growth.
Renub Research latest report "Brazil Tire Market By Distribution Channel (OEM, Aftermarket and Sales), Rim Size (15 inches, 15 - 20 inches and >20 inches), Season (Summer, Winter and All Season), Vehicles (Passenger Cars, Commercial Vehicles, Electric Vehicles and Luxury/Premium Vehicle), Region (South East, South, North East, Mid- west, North), Company Analysis (Bridgestone Americas Tire, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tires plc, and Toyo Tires)" provides a detailed analysis of Brazil Tire Market
Distribution Channel – Brazil Tire Market
1. OEM
2. Aftermarket
3. Sales
Rim Size – Brazil Tire Market
1. < 15 inches
2. 15 - 20 inches
3. >20 inches
Season – Brazil Tire Market
1. Summer
2. Winter
3. All Season
Vehicles – Brazil Tire Market
1. Passenger Cars
2. Commercial Vehicles
3. Electric Vehicles
4. Luxury/Premium Vehicles
Region – Brazil Tire Market
1. South East
2. South
3. North East
4. Mid- west
5. North
Company Insights
• Overview
• Recent Development & Strategies
• Financial Insights
Company Analysis
1. Bridgestone Americas Tire
2. The Goodyear Tire & Rubber Company
3. Continental AG
4. Nokian Tires plc
5. Toyo Tires
Report Details:
| Report Features | Details |
| Base Year | 2020 |
| Historical Period | 2017 - 2021 |
| Forecast Period | 2022-2027 |
| Market | US$ Billion |
| Segment Covered | Distribution Channel, Rim Size, Season, Vehicles, Region |
| Regions Covered | South East, South, North East, Mid- west, North |
| Companies Covered | Bridgestone Americas Tire, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tires plc, and Toyo Tires |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Brazil Tire Market
6. Market Share – Brazil Tire Analysis
6.1 By Distribution Channel
6.2 By Rim Size
6.3 By Season
6.4 By Vehicle
6.5 By Region
7. Distribution Channel – Brazil Tire Market
7.1 Oem
7.2 Aftermarket
7.3 Sales
8. Rim Size - Brazil Tire Market
8.1 < 15 inches
8.2 15 - 20 inches
8.3 >20 inches
9. Season – Brazil Tire Market
9.1 Summer
9.2 Winter
9.3 All Season
10. Vehicles – Brazil Tire Market
10.1 Passenger Cars
10.2 Commercial Vehicles
10.3 Electric Vehicles
10.4 Luxury/Premium Vehicles
11. Region – Brazil Tire Market
11.1 South East
11.2 East
11.3 North East
11.4 Mid- west
11.5 North
12. Porters Five Forces
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13. Company Analysis
13.1 Bridgestone Americas Tire
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 The Goodyear Tire & Rubber Company
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 Continental AG
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Nokian Tyres plc.
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 Toyo Tires
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
List Of Figures:
Figure-01: Brazil Tire Market – Market (Million US$), 2017 – 2021
Figure-02: Brazil Tire Market – Forecast for Brazil Tire Market Market (Million US$), 2022 – 2027
Figure-03: Distribution Channel – Oem Market (Million US$), 2017 – 2021
Figure-04: Distribution Channel – Forecast for Oem Market (Million US$), 2022 – 2027
Figure-05: Distribution Channel – Aftermarket Market (Million US$), 2017 – 2021
Figure-06: Distribution Channel – Forecast for Aftermarket Market (Million US$), 2022 – 2027
Figure-07: Distribution Channel – Sales Market (Million US$), 2017 – 2021
Figure-08: Distribution Channel – Forecast for Sales Market (Million US$), 2022 – 2027
Figure-09: Rim Size – < 15 inches Market (Million US$), 2017 – 2021
Figure-10: Rim Size – Forecast for < 15 inches Market (Million US$), 2022 – 2027
Figure-11: Rim Size – 15 - 20 inches Market (Million US$), 2017 – 2021
Figure-12: Rim Size – Forecast for 15 - 20 inches Market (Million US$), 2022 – 2027
Figure-13: Rim Size – >20 inches Market (Million US$), 2017 – 2021
Figure-14: Rim Size – Forecast for >20 inches Market (Million US$), 2022 – 2027
Figure-15: Season – Summer Market (Million US$), 2017 – 2021
Figure-16: Season – Forecast for Summer Market (Million US$), 2022 – 2027
Figure-17: Season – Winter Market (Million US$), 2017 – 2021
Figure-18: Season – Forecast for Winter Market (Million US$), 2022 – 2027
Figure-19: Season – All Season Market (Million US$), 2017 – 2021
Figure-20: Season – Forecast for All Season Market (Million US$), 2022 – 2027
Figure-21: Vehicles – Passenger Cars Market (Million US$), 2017 – 2021
Figure-22: Vehicles – Forecast for Passenger Cars Market (Million US$), 2022 – 2027
Figure-23: Vehicles – Commercial Vehicles Market (Million US$), 2017 – 2021
Figure-24: Vehicles – Forecast for Commercial Vehicles Market (Million US$), 2022 – 2027
Figure-25: Vehicles – Electric Vehicles Market (Million US$), 2017 – 2021
Figure-26: Vehicles – Forecast for Electric Vehicles Market (Million US$), 2022 – 2027
Figure-27: Vehicles – Luxury/Premium Vehicles Market (Million US$), 2017 – 2021
Figure-28: Vehicles – Forecast for Luxury/Premium Vehicles Market (Million US$), 2022 – 2027
Figure-29: South East – Tire Market Market (Million US$), 2017 – 2021
Figure-30: South East – Forecast for Tire Market Market (Million US$), 2022 – 2027
Figure-31: South East – Tire Market Market (Million US$), 2017 – 2021
Figure-32: South East – Forecast for Tire Market Market (Million US$), 2022 – 2027
Figure-33: North East – Tire Market Market (Million US$), 2017 – 2021
Figure-34: North East – Forecast for Tire Market Market (Million US$), 2022 – 2027
Figure-35: Mid- west – Tire Market Market (Million US$), 2017 – 2021
Figure-36: Mid- west – Forecast for Tire Market Market (Million US$), 2022 – 2027
Figure-37: North – Tire Market Market (Million US$), 2017 – 2021
Figure-38: North – Forecast for Tire Market Market (Million US$), 2022 – 2027
Figure-39: Bridgestone Americas Tire – Global Revenue Market (Million US$), 2017 – 2021
Figure-40: Bridgestone Americas Tire – Forecast for Global Revenue Market (Million US$), 2022 – 2027
Figure-41: The Goodyear Tire & Rubber Company – Global Revenue Market (Million US$), 2017 – 2021
Figure-42: The Goodyear Tire & Rubber Company – Forecast for Global Revenue Market (Million US$), 2022 – 2027
Figure-43: Continental AG – Global Revenue Market (Million US$), 2017 – 2021
Figure-44: Continental AG – Forecast for Global Revenue Market (Million US$), 2022 – 2027
Figure-45: Nokian Tyres plc. – Global Revenue Market (Million US$), 2017 – 2021
Figure-46: Nokian Tyres plc. – Forecast for Global Revenue Market (Million US$), 2022 – 2027
Figure-47: Toyo Tires – Global Revenue Market (Million US$), 2017 – 2021
Figure-48: Toyo Tires – Forecast for Global Revenue Market (Million US$), 2022 – 2027
List Of Tables:
Table-01: Brazil – Tire Market Share by Distribution Channel (Percent), 2017 – 2021
Table-02: Forecast for – Brazil Tire Market Share by Distribution Channel (Percent), 2022 – 2027
Table-03: Brazil – Tire Market Share by Rim Size (Percent), 2017 – 2021
Table-04: Forecast for – Brazil Tire Market Share by Rim Size (Percent), 2022 – 2027
Table-05: Brazil – Tire Market Share by Season (Percent), 2017 – 2021
Table-06: Forecast for – Brazil Tire Market Share by Season (Percent), 2022 – 2027
Table-07: Brazil – Tire Market Share by Vehicle (Percent), 2017 – 2021
Table-08: Forecast for – Brazil Tire Market Share by Vehicle (Percent), 2022 – 2027
Table-09: Brazil – Tire Market Share by Region (Percent), 2017 – 2021
Table-10: Forecast for – Brazil Tire Market Share by Region (Percent), 2022 – 2027
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