Latin America Tire Strategic Insights into Key Players 2024 to 2030

Overview of the Latin America Tire Market: Key Statistics and Trends:

The Latin America Tire Market size is projected to grow at a CAGR of around 2.6% during the forecast period, i.e., 2024-30. The growth of the market is likely to be driven primarily by the rapidly expanding automotive & tire industries owing to the increasing automobile production & exports across several countries across Latin America. Besides, the gradually improving economic conditions of people & their mounting inclination toward private ownership of vehicles are also driving tire sales in the region.

Latin America Tire Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-30

Historical Data: 2019-22

CAGR (2024-2030): 2.6%

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A Comprehensive Analysis of Leading Companies of Latin America Tire Market by MarkNtel Advisors:

Pirelli Tyres
Bridgestone Tyres
Cooper Tire Rubber Company
CEAT Tyres
Apollo Tyres
Goodyear Tires
Continental Tires
JK Tyre
Michelin Tyre
Maxxis International
Yokohama Rubber Co. Ltd.
Others

Key Latin America Tire Market Segmentation:

-By Vehicle Type

Passenger Cars
Light Commercial Vehicles (LCV)
Medium & Heavy Commercial Vehicles (M&HCV)
Two-Wheelers
Three-Wheelers
Off the Road (OTR)

Amongst all vehicle types, Medium & Heavy Commercial Vehicles are anticipated to dominate the Latin America Tire Market with the largest share during 2024-30.

-By Demand Category

OEM
Aftermarket

Here, the mounting demand for aftermarket tires across Latin America is anticipated to contribute substantially to the expansion of the tire market across the region through 2030.

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/latin-america-tire-market-analysis.html

-By Tire Type

Radial-Market Size & Forecast 2019-2030F, Units Sold (Thousands)
Bias-Market Size & Forecast 2019-2030F, Units Sold (Thousands)

-By Sales Channel

Online-Market Size & Forecast 2019-2030F, Units Sold (Thousands)
Direct Sales-Market Size & Forecast 2019-2030F, Units Sold (Thousands)
Multi Brand Stores-Market Size & Forecast 2019-2030F, Units Sold (Thousands)
Exclusive Outlets-Market Size & Forecast 2019-2030F, Units Sold (Thousands)

-By Price Category

Budget-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
Economy-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
Premium-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
2.6. By Rim Size
Up to 12” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
1” to 15” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
1” to 19” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
1” to 20” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
1” to 22.5” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
6” to 26” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
1” to 35” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
1” to 47” -Market Size & Forecast 2019-2030F, Units Sold (Thousands)
Above 47-Market Size & Forecast 2019-2030F, Units Sold (Thousands)

Geographical Analysis

-By Country

Mexico
Brazil
Argentina
Colombia
Venezuela
Chile
Peru
Uruguay
Paraguay
Cuba
Ecuador

Amongst all countries across Latin America, Mexico is expecting rapid growth in the tire market over the forecast years.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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