Press Release

Argentina Tire Market to be Dominated by the Passenger Car Segment Until 2028

According to TechSci Research report, “Argentina Tire Market - By Region, Competition Forecast & Opportunities, 2018-2028,” The Argentina tire market is anticipated to open new opportunities in the coming years. The market will also expand because of a sharp increase in demand for tires for electric vehicles. Argentina's tire market has been expanding at a consistent rate in recent years. Several factors, including the rise in vehicle manufacturing, the strengthening of the nation's economy, and the rising need for high-quality tires in the area, may be credited for this growth. The passenger car sales in the country have increased from 3,20,605 units in 2021 to 2,60,876 units in 2022 and in the forecast years passenger cars sales will rise and this will lead to rise in demand of tires as well. Similarly, green tires are also impacting the market's growth, as the increasing use of green tires in the electric vehicle sector is anticipated to create new demand for tires for the industry. As carbon emission standards climb and each country has established its own standards, the need for smart and environmentally friendly tires will increase in the years to come. All this will lead to move towards sustainable tires in the forecast years, leading to the rise in tire demand in the forecast years. Electric cars need special tires to support the weight of the battery while also reducing rolling resistance and boosting range. As more manufacturers enter the market, it is getting increasingly competitive for tires for electric cars.

This trend is being driven by the increased focus on sustainability and the demand for environmentally friendly products. Electric cars need special tires to support the weight of the battery while also reducing rolling resistance and boosting range. As more manufacturers enter the market, it is getting increasingly competitive for tires for electric vehicles, due to rising passenger vehicle demand and expanding road infrastructure throughout the anticipated period. The size of the vehicle fleet is also increasing because of the rising per capita disposable income, which is again a significant growth factor for the Argentina tire industry. Additionally, advantageous government policies are probably going to boost industry expansion in the upcoming years. Other important factors boosting the growth of the tire market in Argentina include technical advancement and the entrance of new competitors.


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Argentina Tire Market can be segmented based on Vehicle type, by demand category, by tire construction type and by region. Based on Vehicle type, the market is segmented into Passenger Cars, Two-Wheeler, LCV, M&HCV, and OTR. The Passenger Cars segment has the highest market share in the vehicle type and in the forecast years, it is expected to maintain a higher market share. Similarly, LCV, M&HCV, OTR segment has the higher replacement rate so the demand for such tires will also rise in the forecast years. Based on demand category, the market is segmented into OEM and Replacement. The replacement segment has a higher share in the commercial vehicles compared to the passenger vehicles in the country. Similarly, the market is further divided by tire construction type into radial and bias. By region, the market is divided into The Andes, the North, the Pampas, and Patagonia.

Some of the major companies operating in the Argentina Tire Market include:

·         Pirelli Neumaticos S.A.I.C

·         Michelin Argentina Co. Ltd.

·         Bridgestone Argentina S.A.I.C.

·         Neumaticos Goodyear SRL

·         FATE S.A.I.C.I

·         Yokohama Rubber Company Limited

·         Kumho Tire Co. Inc

·         Continental AG

·         Hankook Tire Co. Ltd.

·         Toyo Tyre & Rubber Company Limited

These are the key players in the tire market in Argentina and these companies are implementing competitive strategies which include mergers with the research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different research bodies to stay competitive in the market.


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“The Argentina tire market is expected to grow at a steady growth rate and in the forecast years, the growing demand for electric vehicles and the rising replacement rate of tires is also expected to fuel the market growth. Similarly, the government sustainable initiatives are also expected to promote growth for the green tires in the country” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Argentina Tire Market, By Vehicle Type (Passenger Car, Two-Wheeler, LCV, M&HCV, OTR), By Demand Category (OEM and Replacement), By Tire Construction Type (Radial and Bias), and Region Competition Forecast & Opportunities, 2018-2028F” has evaluated the future growth potential of Argentina Tire Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Argentina Tire Market.


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