Sri Lanka News Search:
Stay Connected
Sponsored Links
Sri Lanka Explorer
Subscribe our Newsletter and receive great deals.


Global Tire Market: Industry Trends, Manufacturing Requirements and Plant Set-up


This new report analyses the global tire market and gives a comprehensive insight into the various aspects of setting up a tire manufacturing plant. The aspects studied in this report include market trends, key players, major developed markets, major emerging markets, manufacturing process, raw material requirements, capital costs, machinery requirements, etc.


A tire is a strong, flexible rubber casing attached to the rim of a wheel. Tires act as a cushion for the wheels of a moving vehicle and also impart a gripping surface for traction. Tires can be found on all vehicles such as cars, trucks, buses, aircrafts, tractors, industrial vehicles, bicycles, motorcycles, etc. Tires for most vehicles are pneumatic - which means that air is held under pressure inside the tire. Initially, pneumatic tires had an inner tube to hold the air pressure, but recent developments have enabled them to be designed to form a pressure seal with the rim of the wheel.

The first pneumatic tire with an inner tube was invented by Robert Thomson in 1845 and later reinvented in the 1880s by John Boyd Dunlop, after which they became immediately popular. Tire manufacturing today represents a multibillion dollar industry with large manufacturing plants across the globe producing more than 2.7 billion new tires in 2015. The main raw materials required for producing tires are natural rubber, synthetic rubber and carbon black. Sulphur and some other raw material are also required depending upon the type of tyre that is being manufactured. Although, with advancements in technology the tire manufacturing process today has become highly automated, skilled workers are still required to assemble the components of a tire.

The tire industry can be broken into two key segments – the OEM and replacement sectors. The demand for tires in the OEM sector is dependent on the sales trend of new vehicles, while the demand in the replacement sector is related to usage patterns and replacement cycles. Globally, the replacement tire sector dominates the total tire market. In terms of the various automobile segments, passenger cars currently account for the majority of the total global tire sales. Passenger cars are followed by trucks. Region-wise, China currently represents the largest market for tires. Driven by strong economic growth, robust automobile sales and infrastructure developments, the tire market in China has experienced double digit growth rates in the past five years. China was followed by Europe, the United States and Japan.

IMARC's latest study “Tire Market - Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue" provides a techno-commercial roadmap for setting up a tire manufacturing plant. The study, which has been done by one of the world's leading research and advisory firms, covers all the requisite aspects that one needs to know while making a foray into the tire market. This ranges from macro overview of the market to micro details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the tire industry.

Key Questions Answered in This Report?

·         What are the key success and risk factors in the tire industry?

·         How has the tire market performed so far and how will it perform in the coming years?

·         What is the structure of the tire industry and who are the key players?

·         What are the various unit operations involved in a tire plant?

·         What is the total size of land required for setting up a tire plant?

·         What are the machinery requirements for setting up a tire plant?

·         What are the raw material requirements for setting up a tire plant?

·         What are the utility requirements for setting up a tire plant?

·         What are the manpower requirements for setting up a tire plant?

·         What are the infrastructure costs for setting up a tire plant?

·         What are the capital costs for setting up a tire plant?

·         What are the operating costs for setting up a tire plant?

·         What will be the income and expenditures for a tire plant?

·         What is the time required to break-even?


      Browse the full report at:


      Contact Us

      IMARC Group

      Email: This email address is being protected from spambots. You need JavaScript enabled to view it.



      Twitter: @IMARCGlobal

      Contact No:  +91-120-415-5099


Add comment

Security code

AddThis Social Bookmark Button

Event Calendar

October 2019
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
Select Category
No events
No events
No events