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Automotive Tire Chains Market Share

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

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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

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.