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Automotive Tire Chains Market - By Product Type (Rubber, Metal, Steel), By Type (Traditional tire chain, Snow tire protection, Slag tire protection, Mining Tire protection), By Vehicle, By Distribution Channel & Forecast, 2024 – 2032

  • Report ID: GMI3472
  • Published Date: Sep 2024
  • Report Format: PDF

Automotive Tire Chains Market Size

The global automotive tire chains market was valued at USD 1 billion in 2023 and is expected to grow at a CAGR of over 4.9% between 2024 and 2032. Strict winter road safety rules are boosting the market by creating a steady demand for these products.
 

Automotive Tire Chains Market

In many areas, especially in Europe, regulations require tire chains or other traction devices during severe winter conditions like heavy snow or ice. These laws force vehicle owners to buy tire chains to comply, increasing market demand. These rules also make drivers more aware of winter driving risks, leading them to purchase tire chains for better safety and to avoid fines. Manufacturers are responding by developing advanced tire chains that offer better performance and durability.  Additionally, the growth in retail and distribution channels, driven by these rules, makes tire chains more accessible, boosting sales. Demand peaks during the winter months when compliance is necessary, further increasing market activity. Sometimes, government or insurance incentives for using tire chains make them more attractive to consumers.
 

Limited awareness about the proper use and benefits of automotive tire chains significantly hampers market growth. When consumers and businesses do not know how tire chains improve vehicle traction and safety, they may not see them as necessary, especially in regions with mild weather. This leads to lower adoption rates and reduced demand. Additionally, improper installation and use due to a lack of understanding can cause poor performance and potential vehicle damage, creating negative experiences that deter future purchases. Limited awareness also restricts market penetration, as potential users may remain unconvinced of the value or see tire chains as an unnecessary expense. Reduced consumer demand may also discourage manufacturers from investing in innovation and product development, stifling market advancements. To overcome these barriers, increasing consumer education through targeted marketing and informative campaigns is crucial to highlight the advantages and correct use of tire chains, thereby boosting adoption and driving market growth.
 

Automotive Tire Chains Market Trends

The automotive tire chain market is seeing more demand due to the growing use of lightweight materials. This trend matches the industry's goal of better vehicle performance and efficiency. Both manufacturers and consumers now focus more on reducing vehicle weight to improve fuel efficiency and handling, which increases the need for lightweight tire chains. These chains, often made from materials like aluminum or high-strength composites, perform as well as or better than traditional ones but are lighter. This makes them easier to handle, install, and remove, increasing their appeal. The use of lightweight materials also leads to new designs in tire chains, making them more functional and durable. These improvements meet consumer needs for convenience and efficiency. As a result, manufacturers using lightweight materials in their tire chains stand out in the market, attracting customers who want high-performance solutions and supporting the trend of reducing vehicle weight.
 

Automotive Tire Chains Market Analysis

Automotive Tire Chains Market, By Product Type, 2021 – 2032, (USD Million)

The market is segmented based on product type: rubber, metal, steel, and others (iron, etc.). The steel segment dominated the market in 2023, capturing a substantial market share of 43.2%. This segment is anticipated to maintain its lead, projected to reach a valuation of USD 693.9 Million by 2032. Steel's durability, strength, and load-bearing capacity lead the automotive tire chains industry. Steel chains handle the stress and impact of harsh road conditions like snow, ice, and rough terrain, ensuring reliable performance over time.
 

Additionally, steel is cost-effective, making it more affordable than alternatives like aluminum or advanced composites. Its excellent traction on slippery surfaces improves vehicle safety and control in winter. Steel's versatility allows manufacturers to produce tire chains for different vehicles and conditions. Its resistance to corrosion and extreme temperatures ensures longevity. Established industry standards and ongoing technological advancements in steel processing reinforce its dominant position, making it the preferred material for tire chains in various applications.
 

Automotive Tire Chains Market Revenue Share, By Type, (2023)

Based on type, the automotive tire chains market is divided into traditional tire chain, snow tire protection, slag tire protection, mining tire protection, and others. The snow tire protection segment dominated the market in 2023, capturing a substantial market share of 42.21%. This segment is anticipated to maintain its lead, projected to reach a valuation of USD 704.8 Million by 2032. Snow tire protection chains lead the automotive tire chain market because they improve vehicle safety and performance in winter. These chains provide excellent traction on snow and ice-covered roads, common in winter months. This better grip helps prevent skidding and improves vehicle stability, making them essential for safe winter driving.
 

Many regions have rules requiring snow tire chains in severe weather, ensuring steady demand as drivers and fleet operators follow safety standards. Additionally, the focus on safety encourages consumers to buy these chains to avoid accidents and drive with more confidence. Snow tire chains are versatile and fit various vehicles, including passenger cars and commercial trucks, which supports their market dominance. Continuous improvements in materials and ease of installation have made snow tire chains more effective and user-friendly. The seasonal demand for snow tire chains also keeps them prominent in the market, as the need for reliable traction solutions during winter remains high.
 

Based on the distribution channel, the market is segmented into direct and indirect. The direct segment dominated the market in 2023, capturing a substantial market share of 70.86%. This segment is anticipated to maintain its lead, projected to reach a valuation of USD 1.09 billion by 2032. The direct distribution channel leads the automotive tire chains market due to its many benefits. Manufacturers build closer relationships with customers, offering personalized service and a better understanding of their needs, which boosts satisfaction and loyalty. This channel also lets manufacturers control branding, quality, and customer experience, ensuring products meet high standards and are accurately represented.
 

By cutting out intermediaries, manufacturers achieve higher profit margins and reinvest savings into product development and marketing. Direct channels create an efficient feedback loop, allowing manufacturers to quickly gather and act on customer insights. The rise of e-commerce supports the dominance of direct distribution by expanding market reach and offering customers greater accessibility. Additionally, direct channels streamline logistics and inventory management, improving delivery processes and efficiency. Finally, manufacturers gain valuable market insights and data through direct interactions, aiding in strategic decision-making and marketing efforts.
 

Europe Automotive Tire Chains Market Size, 2021 – 2032, (USD Million)

Europe region leads the automotive tire chains market with a CAGR of 5.3% and is expected to reach USD 520 million by 2032. Europe leads the market due to several factors. The region's harsh winter weather, especially in Northern and Central Europe, creates a high demand for tire chains. These chains are essential for vehicle safety and mobility in snowy and icy conditions. Europe's well-developed automotive infrastructure supports this demand with a network of retailers, service centers, and regulations that require tire chain usage during winter. High vehicle ownership rates and strict safety regulations also drive market growth. Additionally, Europe is home to leading tire chain manufacturers like RUD Chain and Pewag Group. These companies strengthen the market with their advanced technology and high-quality products. These factors, along with Europe's long history and established standards in the tire chain industry, solidify Europe's leading position in the global market.
 

North America: In terms of country, the US is dominating the North America automotive tire chains market with revenue of around USD 159.1 Million in the year 2023 and expected to reach around USD 234.1 Million by 2032. Severe winter weather in many parts of the U.S. creates a high demand for tire chains to keep vehicles safe and running well. State laws also require tire chains in bad weather, increasing this demand. The U.S. has a strong automotive industry and good infrastructure, which helps distribute tire chains widely and makes them easy to find across the country.
 

Asia Pacific: China is leading the Asia Pacific industry is growing at the fastest growth rate of around 6.5% with a market share of around 30.5% in the global market during 2023. China leads the APAC region in the automotive tire chain market due to several key factors. China has the largest automotive industry in the region, driven by its high vehicle production and ownership rates. As a major global automotive hub, the demand for tire chains in China is substantial, especially in northern regions where severe winter weather requires their use.
 

China’s rapid economic growth has led to increased infrastructure development and vehicle ownership. As more vehicles hit the roads, the need for automotive accessories, including tire chains, grows. Additionally, the expansion of China’s road network and transportation infrastructure has further increased the demand for reliable traction solutions.
 

Automotive Tire Chains Market Share

Automotive Tire Chains Market Company Share Analysis, (2023)

The automotive tire chains industry is mostly fragmented, with many applications, regional differences, and numerous players. Different vehicle types—passenger cars, commercial trucks, and off-road machinery—need specialized tire chains. This leads many manufacturers to cater to specific needs. Regional differences also add to the fragmentation, as varying climates and regulations drive demand for different tire chains in Europe, North America, and Asia-Pacific. Despite this fragmentation, some consolidation is happening. Major players like RUD Chain, Pewag Group, and Thule Group hold significant market shares. They leverage their extensive product lines, advanced technology, and global distribution networks. Strategic acquisitions and partnerships among these leading firms further strengthen their market position. Additionally, technological advancements often set industry standards, reinforcing the influence of key players.
 

Automotive Tire Chains Market Companies

Major players operating in the market include:

  • BABAC
  • Dawson
  • Felice
  • Gowin
  • Laclede
  • Lambert
  • Lianyi
  • Maggi
  • Pewag
  • Quality Chain
  • RUD
  • Shanxing
  • Spikes-Spider
  • Thule
  • Trygg
     

Automotive Tire Chains Industry News

  • In June 2023, Continental emerged as the first company to unveil a tire with both a high share of sustainable tools and EU tire-label operation in volume production.
     
  • In 2023, Hyundai Motor Company and Kia Corporation have introduced a groundbreaking new technology integrating snow chains directly into their tires. This innovative development aims to enhance vehicle performance in snowy conditions by incorporating the snow chain functionality into the tire design itself.
     

The automotive tire chains market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) and volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, by product type

  • Rubber
  • Metal
  • Steel
  • Others (iron etc.)

Market, by type

  • Traditional tire chain
  • Snow tire protection
  • Slag tire protection
  • Mining tire protection
  • Others (Construction, Cinder, Forest, etc.)

Market, by vehicle type

  • Passenger car
  • Commercial vehicle
  • Others (Army truck etc.)

Market, by distribution channel

  • Direct
  • Indirect

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia 
  • Latin America
    • Brazil
    • Mexico 
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Automotive tire chains industry size was worth USD 1002 million in 2023 and will expand at 4.9% CAGR between 2024 and 2032, owing to increasing demand for enhanced vehicle safety and traction in adverse weather conditions, particularly in regions with heavy snowfall and icy roads.

The snow tire protection segment held 42.21% share in 2023, fueled by the increasing need for enhanced vehicle safety and performance in snowy and icy conditions.

Europe automotive tire chains industry will achieve USD 520 million by 2032 due to its harsh winter conditions and stringent regulations on vehicle safety during snowy and icy weather.

Key companies operating in the automotive tire chains market are BABAC, Dawson, Felice, Gowin, Laclede, Lambert, Lianyi, Maggi, Pewag, Quality Chain, RUD, Shanxing, Spikes-Spider, Thule, and Trygg, among others.

Automotive Tire Chains Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 247
  • Countries covered: 17
  • Pages: 149
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