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Automotive Tire Chains Market Trends

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

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.
 

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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