Global Automotive Tire Carrier Market Size By Type (Bumper Mounted Tire Carriers and Tailgate Reinforcement Style Tire Carriers), By Application (Passenger Cars and Commercial Vehicles), By Geographic Scope And Forecast

Automotive Tire Carrier Market Size And Forecast

Automotive Tire Carrier Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

The Global Automotive Tire Carrier Market has witnessed strong growth owing to the increasing demand for premium & luxury automobiles, technical improvements in the automotive sector, and increasing production of commercial vehicle in North America and East Asia Market are all contributing to this trend. The Global Automotive Tire Carrier Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Tire Carrier Market Definition

Automotive Tire Carrier is a mechanical fitting to the vehicle for holding the spare tire horizontally or vertically. The spare tire is additional extra tire, hold through automotive tire carrier used for replacement of flat tire in case of emergency. The foremost application of the automotive tire carrier is to carry the spare wheel to bring it everywhere easily.

The automotive tire carrier is light in weight and high strength equipment. Off-road and commercial vehicles are a prominent user of an automotive tire carrier to carry spare wheel for replacement of the punctured tire for efficient and uninterrupted transport. The automotive tire carrier utilizing a winch for holding the tire against the vehicle underside, wherein the winch employs apparatus for preventing the cable sheave from being rotated in the improper direction for winding the tire supporting cable thereon.

Global Automotive Tire Carrier Market Overview

Increasing automotive production, increasing demand for premium & luxury automobiles, and rising share of SUVs in overall vehicle production are some of the primary drivers driving market expansion. In recent years, Trade and logistic volume is increasing rapidly owing to globalization. Increasing trade activities are expected to fuel the demand for automotive tire carrier. The commercial vehicle is estimated to hold the prominent share in the automotive tire carrier market owing to factors such as continuous usage of vehicles and long-distance operations.

You'll often find an automotive tire carrier already installed on off-road vehicles and SUVs straight from some manufacturers. These carriers are practically a must-have for off-road and commercial vehicles, especially for dealing with those unexpected tire blowouts or pesky punctures. After all, everyone wants a smooth, stress-free ride, minimizing the headache when those emergencies pop up. And let's face it, tire bursts and punctures are pretty common, which is why we're seeing a rise in demand for these carriers. But here's the thingin quite a few countries, not everyone's driving fancy, high-end vehicles, and that could slow down how much the global Automotive Tire Carrier market grows.

Global Automotive Tire Carrier MarketSegmentation Analysis

The Global Automotive Tire Carrier Market is segmented based on Type, Application, and Geography.

Automotive Tire Carrier Market, By Type

• Bumper Mounted Tire Carriers• Tailgate Reinforcement Style Tire Carriers

Based on Type, the market is further segmented into Bumper Mounted Tire Carriers and Tailgate Reinforcement Style Tire Carriers. In 2021, the Bumper Mounted Tire Carriers segment has dominated the market accounting for the largest market share. With an increasing desire for elegant exterior elements, the use of Bumper Mounted Tire Carriers in Hatchback has expanded. To attract customers, car manufacturers are focusing on improving the look and style of the bumpers. Because consumers frequently place a high value on outstanding design, this helps them acquire an advantage over their competitors.

Automotive Tire Carrier Market, By Application

• Passenger Cars• Commercial Vehicles

Based on Application, the market is segmented into Passenger Cars and Commercial Vehicles. In 2021, the Passenger Cars segment has dominated the market accounting for the largest market share. This is because for the long-distance travel, the passenger cars must have a spare tire available for the safety and backup purpose which drives automotive tire carrier market.

Automotive Tire Carrier Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the Global Automotive Tire Carrier Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is the leading region in the Global Automotive Tire Carrier Market due to rapid adoption of advanced technology, presence of OEMs such as Group PSA, Groupe Renault, and BMW AG have been the early movers in adopting automotive tire carrier, leading to the dominance of the region in the global market.

Key Players

The “Global Automotive Tire Carrier Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Omix-ADA, Westin Automotive, Aska, DURA Automotive Systems, Ishihara, Kyung Chang Industrial, Kaymar 4WD Accessories. Rhino-Rack USA, LLC, Wildenberg Parts, Harbor Freight Tools USA Inc., amongst others are a few major companies operating in the Automotive Tire Carrier market. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In August 2021, Dura Automotive Systems announced that it has entered into a joint venture agreement with ALMAC Co, LTD to manufacture automotive-grade aluminum extrusions and components to enhance the performance of lightweight and electric vehicle modules.

• In August, 2020, DURA Automotive Systems announced the official groundbreaking of a state-of-the-art manufacturing facility in Muscle Shoals, Alabama. The latest addition to a family of 31 worldwide sites will be home to DURA’s first lightweight structures manufacturing facility in North America.

• In March 2020, Westin’s Pro-Mod Bumper combines enhanced vehicle protection, with great looks. This can use bumper mounted tire carriers in a vehicle.

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We take a deep dive into the market using both qualitative and quantitative analysis, breaking it down by economic and non-economic factors. You'll get detailed market value data (in USD Billion) for every segment and sub-segment, plus we'll pinpoint the region and segment poised for the fastest growth and market dominance. Our analysis highlights how the product/service is used across different regions, explaining the forces shaping each local market. We also map out the competitive landscape, ranking major players and highlighting recent service/product launches, partnerships, expansions, and acquisitions from the last five years. Expect detailed company profiles with overviews, insights, product benchmarking, and SWOT analysis for key players. We'll give you a snapshot of the industry's present and future, covering recent developments, growth opportunities, drivers, challenges, and restraints in both new and established markets. We also include a thorough analysis using Porter's five forces and provide insight into the market's value chain. Finally, you'll understand market dynamics, growth opportunities, and get 6 months of post-sales analyst support.

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