The global ultra high-performance tire market revenue was around US$ 12.4 billion in 2022 and is estimated to reach US$ 32.65 billion by 2031, growing at a compound annual growth rate (CAGR) of 11.36% during the forecast period from 2023 to 2031.
Ultra-high performance (UHP) tires are designed for driving fans who want to create the most of their sports or luxury vehicles by providing optimized handling capabilities. Ultra-high performance (UHP) tires are meant to manage greater horsepower, improve high-performance driving, and offer a sporty, responsive drive with superior traction levels.
Market Driving Factors
High-performance and ultra-high-performance tires have witnessed a substantial surge in sales over the years. This growth can be due to the increasing popularity of several automotive racing competitions, which serve as a key driver for the demand for high-performance tires. In addition, initially centred around well-known car racing series like NASCAR, Formula One, and motorbike races, these competitions attracted many sponsorships and promotional activities. Therefore, racing events have diversified, encompassing a broad range of vehicle types with variable engine sizes, including dirt bikes, solar cars, monster trucks, sprint cars, and touring cars.
The surge in demand for fuel-efficient tires drives the market growth. The cost of crude oil per barrel has been increasing rapidly over the years, and its supply is becoming harder to find every day. Oil supply from nations that create oil and gas has been lowered by the continuing wars between Ukraine and Russia, which has contributed to the rise in oil prices. Thus, the increase in crude oil cost has led the enormous population to divert its preference towards fuel-efficient options. As a result, the major tire manufacturers are making tires that are specially designed and created to achieve less rolling resistance, lower fuel consumption, and surge in vehicle mileage.
The rise in the cost of raw materials may hamper the market growth.
Regional Analysis
Asia-Pacific dominates the market. Growth of the automotive industry in nations such as India, China, and Japan benefit the market in the region. The surge in demand for tires in the region can be credited to factors, such as the increasing construction activities, industrial development, and the rise in demand for fuel-efficient technologies.
Segmentation Insights
Tire Type Insight
The all-season segment is estimated to dominate the market. This is expected to grow at the fastest rate during the study period as these tires are designed to offer year-round traction (even in light snow) via tread designs and combinations that remain more flexible in the cold weather to assist in blending all-season traction with excellent handling and high-speed abilities.
Demand Category Insight
The replacement segment is predicted to dominate the market. Replacement tires are meant for all-around performance on any car that they are rated and sized to fit. They often place particular focus on one or two performance attributes that customer research has determined to be specifically required for end-user motorists.
Prominent Companies
Segmentation Outline
The global ultra high-performance tire market segmentation focuses on Tire Type, Demand Category, Vehicle Type, and Region.
By Tire Type
By Demand Category
By Vehicle Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL ULTRA HIGH-PERFORMANCE TIRE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: ULTRA HIGH-PERFORMANCE TIRE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL ULTRA HIGH-PERFORMANCE TIRE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL ULTRA HIGH-PERFORMANCE TIRE MARKET, BY TIRE TYPE
5.1 OVERVIEW
5.2 SUMMER
5.3 ALL-SEASON
5.4 WINTER
6 GLOBAL ULTRA HIGH-PERFORMANCE TIRE MARKET, BY DEMAND CATEGORY
6.1 OVERVIEW
6.2 OEM
6.3 REPLACEMENT
7 GLOBAL ULTRA HIGH-PERFORMANCE TIRE MARKET, BY VEHICLE TYPE
7.1 OVERVIEW
7.2 SPORTS CARS
7.3 SUV/ MUV
7.4 LIGHT TRUCK
8 GLOBAL ULTRA HIGH-PERFORMANCE TIRE MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL ULTRA HIGH-PERFORMANCE TIRE MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 MICHELIN
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 BRIDGESTONE CORP
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 THE GOODYEAR TIRE AND RUBBER CO
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 CONTINENTAL AG
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 HANKOOK TIRE AND TECHNOLOGY
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 TOYO TIRE CORPORATION
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 YOKOHAMA RUBBER CO. LTD
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 PIRELLI
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 COOPER TIRE AND RUBBER CO
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 KUMHO TIRE CO. INC
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved