The document summarizes the global premium tire market, including key findings such as: - The premium tire industry is witnessing growing demand from the racing industry and high consumption of premium tires in racing cars and bikes. - North America is a major contributor to the premium tire market due to increasing demand for replacement tires, while Asia-Pacific experiences high demand for premium original equipment. - The global premium tire market is expected to grow due to increasing urbanization, rising SUV sales, and growing disposable income.

1. Global Premium Tire Market
(OE & Replacement):
Industry Analysis & Outlook
-----------------------------------------
(2018-2022)
Industry Research by Koncept Analytics
1
June 2018
Global Premium Tire (OE & Replacment) Market: Industry Analysis &
Outlook (2018-2022)

2. Executive Summary
2
Global Premium Tire (OE & Replacment) Market: Industry Analysis &
Outlook (2018-2022)
Tires are used in automobile, trucks, buses, aircraft landing gear, tractors and other farm equipment, industrial
vehicles such as forklifts, and common conveyances such as baby carriages, shopping carts, wheel chairs,
bicycles, and motorcycles. The global tire industry is segmented into three broad sections that include premium
tires, quality tires and budget tires. These tires are classified on the basis of their performance characteristics.
Premium tires are considered to provide the best performance among all three types of tires and come at a
higher cost compared to other tires. The premium tire industry is witnessing an immensely growing demand
from racing industry. There is high consumption of premium tires in racing cars and bikes.
North America is a major contributor to the global premium tire market due to increasing demand for
replacement tires there. Whereas, Asia-Pacific premium tire market is experiencing high demand for premium
original equipment.
The global premium tire market is expected to grow in future due to increasing urbanization, growing sales of
SUV cars and increasing disposable income. Key trends of this market include growing popularity of diverse
racing competition, requirement of vehicle fuel efficiency and evolution of high performance tires. However,
there are some factors which can hinder the market growth including high prices of fuel and natural rubber.
The report “Global Premium Tire (OE & Replacement) Market: Industry Analysis & Outlook (2018-2022)” by
Koncept Analytics provides an extensive research and detailed analysis of the present market along with future
outlook. The report discusses the major growth drivers and challenges of the market, covering North America,
Asia-Pacific and Europe region along with the global market. The report profiles the key players of the market
including Bridgestone, Goodyear, Michelin and Continental AG.

3. Global premium tire market is likely to witness growth due to increasing disposable
income, urbanization, rising penetration of SUV cars..
3
Global Premium Tire (OE & Replacment) Market: Industry
Analysis & Outlook (2018-2022)
• Global premium tire market is expected to reach
..million in the year 2022, increasing from ..million in
the fiscal year 2018, at a CAGR of ..%.
• Global premium replacement tire market is expected to
reach ..million units, increasing from ..million in 2018.
• In year 2022, Premium original equipment market
volume is expected to reach ..million, increasing from
..million in 2018, at a CAGR of ..%.
Global Premium Replacement Tire Market Volume Forecast (2018-2022)
Global Premium Tire Market Volume Forecast (2018-2022)
Global Premium Original Equipment Market Volume Forecast (2018-2022)
2018 2019 2020 2021 2022
Million
2018 2019 2020 2021 2022
Million
2018 2019 2020 2021 2022
Million
Premium Tire Volume
Share in Global Passenger Tire Market

4. Regional premium tire market has a diverse landscape where Asia-Pacific market is
experiencing a high demand for premium original equipments and North American and
European market is having a higher demand for premium replacement tires..
4
Global Premium Tire (OE & Replacment) Market: Industry
Analysis & Outlook (2018-2022)
• North American premium tire market is expected to
reach ..million in the year 2022, increasing from
..million in the fiscal year 2017 at a CAGR of ..%.
• Asia-Pacific premium tire market volume is predicted to
reach ..million in 2022, increasing from ..million in
2017.
• In year 2022, European premium tire market is
expected to reach ..million, increasing from ..million in
2017, at a CAGR of ..%.
Asia-Pacific Premium Tire Market Volume Forecast (2013-2022)
North America Premium Tire Market Volume Forecast (2013-2022)
Europe Premium Tire Market Volume Forecast (2013-2022)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Million
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Million
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Million

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Disclaimer
Global Premium Tire (OE & Replacment) Market: Industry Analysis &
Outlook (2018-2022)