売上高（交換用タイヤ、OEM）および車両（二輪車、四輪車、航空機、産業用車両、農業用車両、オフロード車）別の空気入りタイヤ市場 - 世界的な機会分析と業界予測、2014年から2020年

Pneumatic tires are rubber tires filled with compressed air that enhance the performance and durability of vehicles. Factors, such as the global increase in automobile production, improving economies, increase in disposable incomes and changing lifestyles, have contributed to the growth of the automotive sector, eventually driving the market of pneumatic tires. The raw materials used in the manufacturing of pneumatic tires include, natural rubber, synthetic rubber, chemicals and reinforcing materials.

Radial and cross-ply are the two main types of pneumatic tires used in vehicles. Manufactures prefer radial tires over cross-ply tires owing to superior benefits of longer shelf life and improved performance of the vehicle.  From the perspective of sale, the market can be categorized as OEM (original equipment manufacturer) and replacement. The replacement tire segment contributes major share in the overall pneumatic tire market due to the large base of already operational cars. Furthermore, the market for replacement tires has been increasing at a considerable rate owing to advancements in the tire types such as radial tires. 

The scope of the pneumatic tire market is currently promising in Asia-Pacific, and European regions. These regions generated a notable revenue in the year 2014, owing to the increased sales of replacement tires. However, market in the LAMEA region is expected to be the fastest growing market by 2020. The growth would primarily be driven by the growing automobile manufacturing, technology advancements and increased purchasing power due to increasing disposable incomes.

With the advancements in technology, the leading market players are developing high quality and efficient pneumatic tires to cater to the increasing demands of the automotive industry. Several companies have consistently introduced newer products to enhance their product portfolio. The leading players in the market have adopted the strategy of acquisition to increase their market potential and expand their geographic presence.