Argentina Tire Market By Vehicle Type (Passenger Car, Two-Wheeler, LCV, OTR, and M&HCV), By Demand Category (OEM and Replacement), By Tire Construction Type (Radial and Bias) By Region Competition Forecast & Opportunities, 2026

Argentina tire market was valued USD1.32 billion in 2020 and is projected to be valued USD1.92 billion by 2026, advancing with a CAGR of 6.80% during the forecast period, owing to increasing demand for passenger cars and improving road infrastructure. The increasing per capita disposable income is also leading to expanding vehicle fleet size which is acting as a major growth driver for the Argentina tire market. Furthermore, favorable government policies are also likely to support the market growth in the coming years. Apart from that, technological innovation and entry of new market players are some of the other major factors augmenting the tire market growth in Argentina. One of the major trends witnessed in the Argentina tire market is the growing inclination towards online sales especially as an impact of the COVID-19 outbreak. Increase in e-commerce and online sales is beneficial for the consumers as it allows them to make better product choices. Customers get time to compare various brands of tires, while also looking into prices, quality and specifications of the related products. The online platform also cuts the overhead expenses and time that customers would incur while opting for the traditional style of buying tires.

Argentina tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR, and two-wheeler. The passenger car tire segment dominated the Argentina tire industry until 2020, and the segment is expected to maintain its dominance during the forecast period as well on account of increasing presence of passenger car manufacturers in the country. Although passenger cars accounted for more than 50% share in the country’s overall vehicles sales, an increasing number of new models of cars are being launched due to high interest and preference among the citizens of Argentina. Consequently, various passenger car manufacturers are focusing on introducing new models of cars with more and advanced safety equipment. The demand for passenger cars is going to remain high in the near future, which is expected to further boost the demand for tires in Argentina through 2026.

Major companies operating in the Argentina tire market are FATE S.A.I.C.I, Pirelli Neumaticos S.A.I.C, Michelin Argentina Co. Ltd., Bridgestone Argentina S.A.I.C., Neumaticos Goodyear SRL, Yokohama Rubber Company Limited, Kumho Tire Co. Inc, Continental AG, Hankook Tire Co. Ltd. and Toyo Tyre & Rubber Company Limited. Among them, Pirelli Neumaticos S.A.I.C, Bridgestone Argentina S.A.I.C., Neumaticos Goodyear SRL hold dominant position in the Argentina tire market due to their competitive pricing strategies compared to other international tire brands available in the country. Manufacturers are also focusing on product innovation, mergers & acquisitions, joint ventures, collaborations and partnerships in order to increase their market share in the Argentina tire market.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

·         To analyze the historical growth in market size of Argentina tire market from 2016 to 2020.

·         To estimate and forecast the market size of Argentina tire market from 2021 to 2026 and growth rate until 2026.

·         To identify dominant region or segment in the Argentina tire market.

·         To identify drivers and challenges for Argentina tire market.

·         To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Argentina tire market.

·         To conduct pricing analysis for Argentina tire market.

·         To identify and analyze the profile of leading players operating in Argentina tire market.

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Argentina.

TechSci Research calculated the market size for Argentina tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Tire manufacturers, suppliers, distributors and other stakeholders
• Vehicle manufacturing companies
• Raw material suppliers
• Associations, organizations, forums and alliances related to tires
• Government bodies such as regulatory authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Argentina tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Argentina Tire Market, By Vehicle Type:

• Passenger Car
• Two-Wheeler
• Light Commercial Vehicle (LCV)
• Off-The-Road Vehicle (OTR)
• Medium & Heavy Commercial Vehicle (M&HCV)

• Argentina Tire Market, By Demand Category:
• OEM
• Replacement
• Argentina Tire Market, By Tire Construction Type:
• Radial
• Bias
• Argentina Tire Market, By Region:
• Pampas
• Litoral
• Northwest
• Sierras
• Others (Cuyo, Patagonia, etc.)

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Argentina tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com