Automotive Tire Carrier Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The automotive tire carrier market plays a crucial role in the automotive industry, particularly in providing secure and efficient means of carrying spare tires in vehicles. The market is segmented by application into various categories, with two of the major segments being passenger cars and commercial vehicles. This report will delve into the details of these two subsegments, exploring their specific dynamics and demand within the tire carrier market.
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The passenger car segment is one of the largest and most important applications for automotive tire carriers. The need for tire carriers in passenger vehicles stems from the essential requirement for spare tires to ensure safety and mobility in the event of a flat or damaged tire. In this segment, tire carriers are typically designed to be compact, lightweight, and efficient, as these vehicles prioritize space optimization and ease of use. Innovations in tire carrier designs for passenger cars include foldable and compact carriers that fit within limited trunk spaces, ensuring that drivers are always prepared for tire-related issues without compromising on the vehicle’s overall utility. As the number of passenger cars continues to grow globally, particularly in emerging markets, the demand for automotive tire carriers in this sector is expected to remain strong. Key drivers for this market include increasing vehicle ownership, heightened awareness regarding tire safety, and advancements in lightweight materials used for tire carrier manufacturing.
In the commercial vehicle segment, tire carriers are similarly critical, though the requirements differ slightly due to the size and operational demands of these vehicles. Commercial vehicles, such as trucks, buses, and vans, often operate in more rugged environments where tire damage is more common. As a result, the tire carriers in this segment need to be robust, durable, and capable of handling larger and heavier tires. These vehicles typically require specialized tire carriers designed to secure spare tires during long-distance travels, ensuring that they can quickly replace damaged tires without service delays. Given the nature of commercial vehicle operations, the tire carrier market for commercial vehicles is heavily influenced by factors such as fleet management, road infrastructure quality, and the increasing need for downtime reduction in transport operations. The growing logistics and e-commerce industries, which rely on commercial vehicles for efficient supply chain management, are likely to drive the demand for tire carriers in this subsegment. The constant push for more reliable and cost-efficient operations in commercial fleets will continue to support growth in the tire carrier market.
The automotive tire carrier market has seen several key trends shaping its growth and development in recent years. One of the most significant trends is the growing preference for lightweight and high-strength materials in tire carrier manufacturing. Manufacturers are focusing on the use of aluminum, carbon fiber, and other lightweight composites to reduce the overall weight of the carriers, thereby enhancing vehicle fuel efficiency without compromising on the strength required to secure spare tires. Another emerging trend is the integration of advanced technologies, such as automated tire changing systems and smart tire carriers that provide real-time information about tire pressure and condition. This technology enhances the overall tire management process, which is increasingly important for fleet operators and individual vehicle owners alike. Furthermore, the rise of electric and hybrid vehicles is prompting tire carrier manufacturers to adapt their products to cater to these new vehicle types, which may have different storage and design requirements for spare tires.
The automotive tire carrier market is poised for substantial growth, driven by several opportunities that continue to emerge within the automotive industry. A key opportunity lies in the expansion of the market for electric vehicles (EVs), which often require more specialized and optimized tire carriers. As EVs gain popularity, particularly in urban environments, the demand for innovative tire carriers that are compatible with these vehicles' unique design and storage constraints is expected to rise. Additionally, the increasing adoption of autonomous vehicles presents a potential growth area, as these vehicles may have different spare tire requirements compared to traditional vehicles. Another significant opportunity comes from the growth in global commercial transportation, where tire carriers are essential for reducing vehicle downtime. This demand from fleet operators for more efficient tire replacement systems provides a strong opportunity for tire carrier manufacturers to innovate and supply products that meet the evolving needs of the commercial sector. Finally, with rising concerns about tire safety and maintenance, there is a growing trend among consumers to invest in high-quality, durable tire carriers that offer enhanced security and ease of use. This trend opens the door for manufacturers to develop products with more advanced features, such as integrated tire monitoring systems or enhanced portability.
1. What is an automotive tire carrier?
An automotive tire carrier is a device designed to securely hold a spare tire in a vehicle, ensuring easy access when needed.
2. Why are tire carriers important for vehicles?
Tire carriers are important because they ensure that vehicles have a spare tire available in case of tire damage or a flat, promoting safety and convenience.
3. What types of vehicles use automotive tire carriers?
Automotive tire carriers are used in a variety of vehicles, including passenger cars, commercial vehicles, trucks, and SUVs, all of which require spare tires for emergency situations.
4. What are the key materials used in making tire carriers?
The most common materials used for tire carriers include steel, aluminum, and composite materials, which are selected based on their strength and lightweight properties.
5. How does the design of tire carriers vary by vehicle type?
The design of tire carriers varies by vehicle type to accommodate the different storage space, tire sizes, and operational needs of passenger cars and commercial vehicles.
6. What is the market outlook for tire carriers in commercial vehicles?
The market for tire carriers in commercial vehicles is expected to grow significantly, driven by the expanding logistics and transportation sectors worldwide.
7. How do tire carriers contribute to vehicle safety?
Tire carriers contribute to vehicle safety by ensuring that a spare tire is readily available, reducing the risk of being stranded due to tire failure.
8. Are there any emerging trends in the tire carrier market?
Emerging trends include the use of lightweight materials, advanced technology integration, and adaptation for electric and autonomous vehicles.
9. What are the challenges faced by tire carrier manufacturers?
Challenges include meeting the diverse needs of different vehicle types, keeping up with technology advancements, and maintaining cost efficiency in production.
10. How is the demand for tire carriers influenced by electric vehicles?
The rise of electric vehicles is influencing tire carrier demand by creating a need for specialized carriers that accommodate the unique design and tire storage requirements of EVs.
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Westin Automotive
Aska
DURA Automotive Systems
Ishihara
Kyung Chang Industrial
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Tire Carrier Market
Passenger Cars
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Automotive Tire Carrier market share In 2023.
Bumper Mounted Tire Carriers
Tailgate Reinforcement Style Tire Carriers
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Automotive Tire Carrier Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Tire Carrier Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Tire Carrier Market, By Type
6. Global Automotive Tire Carrier Market, By Application
7. Global Automotive Tire Carrier Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Tire Carrier Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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