Brazil Tire Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Brazil Tire Market size is estimated to grow at a CAGR of around 2.5% during the forecast period, i.e., 2024-30. The surge in the Brazil Tire Market is propelled by an ameliorating economic landscape, evolving living standards, advancing road infrastructure, and a growing preference for private vehicle ownership, leading to an expansion of the national vehicle fleet. Simultaneously, the government is actively prioritizing infrastructure development, spurring numerous construction initiatives in residential, commercial, and industrial sectors. This surge in construction projects is boosting the manufacturing of various commercial vehicles, consequently increasing the demand for durable tires to ensure optimal operational efficiency.

Markntel Advisor’s Brazil Tire Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Brazil Tire Market drivers, barriers, Brazil Tire Market Trends, and Key Players in Brazil Tire Market.

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Brazil Tire Market Dynamics: 2024-2030

Brazil Tire Market Driver:

Rising Investments Leading to Robust Vehicle Manufacturing Operations – The Brazil Tire Market has experienced significant growth driven by rising investments and robust vehicle manufacturing operations. Positioned as the 8th largest global vehicle producer, Brazil has become a focal point for the tire industry’s expansion. The presence of major automotive industry leaders such as General Motors, Volkswagen, Fiat, Ford, and Renault highlights Brazil’s crucial role in the international automotive manufacturing landscape.

Fueled by the expansion of the domestic automobile market, these key industry players are strategically allocating substantial resources to enhance their production capacities. Brazil is swiftly emerging as a primary hub for the production of light vehicles, attracting noteworthy investments that position the nation as a key influencer in the global automotive sector. This surge in manufacturing activities is expected to result in a substantial increase in tire demand, especially within the domain of Original Equipment Manufacturers (OEMs), which play a pivotal role in steering the overall growth trajectory of the tire market in Brazil.

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Brazil Tire Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• By Type of Vehicle
  • Passenger Cars- Market Size & Forecast 2019-2030F, Thousand Units
  • Light Commercial Vehicles- Market Size & Forecast 2019-2030F, Thousand Units
  • Medium and Heavy Commercial Vehicles- Market Size & Forecast 2019-2030F, Thousand Units
  • Off the Road (OTR)- Market Size & Forecast 2019-2030F, Thousand Units
  • Two Wheelers- Market Size & Forecast 2019-2030F, Thousand Units
• By Demand Category
  • OEM- Market Size & Forecast 2019-2030F, Thousand Units
  • Aftermarket- Market Size & Forecast 2019-2030F, Thousand Units
• By Type of Tire
  • Radial- Market Size & Forecast 2019-2030F, Thousand Units
  • Bias- Market Size & Forecast 2019-2030F, Thousand Units
• By Sales Channel
  • Multi Brand Outlets- Market Size & Forecast 2019-2030, Thousand Units
  • Online- Market Size & Forecast 2019-2030, Thousand Units
  • Direct Sales- Market Size & Forecast 2019-2030, Thousand Units
  • Exclusive Outlets- Market Size & Forecast 2019-2030, Thousand Units
• By Price Category
  • Budget- Market Size & Forecast 2019-2030F, Thousand Units
  • Economy- Market Size & Forecast 2019-2030F, Thousand Units
  • Premium- Market Size & Forecast 2019-2030F, Thousand Units
• By Tire Size
  • Tire Size 1 – Market Size & Forecast 2019-2030, Thousand Units
  • Tire Size 2 – Market Size & Forecast 2019-2030, Thousand Units
  • Tire Size 3- Market Size & Forecast 2019-2030, Thousand Units
  • Tire Size 4 – Market Size & Forecast 2019-2030, Thousand Units
  • Tire Size 5 – Market Size & Forecast 2019-2030, Thousand Units
• By Region
  • Northeast
  • South
  • Southeast

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Brazil Tire Market:

• Continental AG
• Bridgestone Americas Tire Operations, LLC
• Hankook Tire
• The Goodyear Tire & Rubber Company
• The Yokohama Rubber Co., Ltd.
• Michelin
• Sumitomo Rubber Industries Ltd.
• Pirelli & C. S.p.A
• Titan
• Toyo Tires
• Others

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