Brazil Tire (Tyre) Market Research Report, 2027

Brazil is the largest country in Latin America. In Brazil, due to competition in the automotive sector and sales of different types of vehicles, has driven the automotive tyre market. A tyre is a ring-shaped component that surrounds a wheel's rim to support the weight of the vehicle, absorb road shocks, transmit traction, torque, and braking forces to the road surface, and maintain and change the direction of travel. In Brazil, growth in the automotive tyre market is also due to advanced technology in the manufacturing process and the support of the government. The Brazilian government eliminated tariffs on tyres for cargo transportation. The high price of raw materials for tyres restricts the growth of the tyre market, and fuel efficiency along with safety concerns has led to robust growth of the tyre market in Brazil.

 According to the report titled " Brazil Tire (Tyre) Market Research Report, 2027" published by Actual Market Research (ActualMR), the tyre market in the country of Brazil is expected to grow at a CAGR of 7% market size by the end of the forecast period. In Brazil, the tyre market has different segments and tyres are classified accordingly. On the basis of design type, radial tyres and bias-ply tyres are available. Bias ply has high demand because it provides good traction at low speeds while travelling in a straight line. Both OEM tyres and replacement tyres are classified on the basis of end use. OEM tyres are having low market growth because they have an original product which is very expensive. On the basis of vehicle type, passenger cars, commercial-light weight, commercial-heavy weight, two-wheeler vehicles, three-wheelers and other tyres are present in Brazil. Commercial-lightweight tyres are in demand due to the growth of transportation of goods and services in business. 

 A radial tyre is a particular design of vehicular tire. In this design, the cord piles are arranged at 90 degrees to the direction of travel, or radially. A bias ply tyre is a tyre constructed on a base of diagonally laid layers of fabric. A small bias-ply tyre can carry more weight than a comparable size radial tire. The bias ply tyres have piles running at 45 degrees to the centre line of the tread, alternating in direction with each layer. The CAGR of radial tyres in the past was very low, and the CAGR of radial tyres is expected to grow gradually during the forecasted period. OEM tyres are those tyres that are specified by the vehicle manufacturer and are initially fitted to the vehicle when new. Replacement tyres are those tyres which are purchased to replace the OEM tyres. Replacement tyres are also known as aftermarket tyres. Replacement tyres provide off-road driving and terrain trips. The market growth of replacement tyres has been very high in the past years, and by 2026 it will have robust market growth.

 Tires used in passenger cars have low rolling resistance, excellent traction and high performance. Commercial-heavy tyres are in adaptation to the load and pressure higher than those foreseen for the standard version of a specific size. They have a design where the way the tyre is in use requires a load capacity higher than the standard one. Two-wheelers consist of a bike, bicycle, push bike, etc., and the tyres used on them are known as two-wheeler tyres. Tyres need to be weather-resistant and in a position to withstand the strains and stresses encountered when driving. The size of the types varies with the model of bike, bicycle, and other two-wheeler vehicles. Tyres used for LCVs have tough internal construction and puncture resistance. Three-wheelers and other tyres have a medium ranger size and it provides proper traction on the road. During the past year, the market attractiveness of commercial-light vehicles was low as compared to passenger car tyres, but it is expected that by 2026, market attractiveness will increase vigorously. 

 Pirelli Pneus Ltda. manufactures and distributes automobile parts. The company offers pneumatic tyres and inner tube products that are used by the transportation and agricultural machinery sectors. Pirelli Pneus serves customers in Brazil. The tyre market in Brazil is driven by an increase in the sales of automobiles and advancement in the technology of tyre manufacturing, while the market growth of tyres is restricted due to the high cost of raw materials and the development of retreading of the tyres.

In 2020, the spread of the COVID-19 pandemic directly impacted on many businesses across Brazil, which introduced several challenges for the leading players operating in the tyre industry. With the exponential spread of this dreadful disease, the government had to impose lockdowns and stringent movement restrictions and suspend all business operations.

Considered in this report
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report
South Africa tire (tyre) industry Market with its value and forecast along with its segments
Application-wise tire (tyre) industry distribution
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

Based on market share:
By End-use
By Vehicle type
By design type

Based on By End-use types:
By original equipment manufacturer (OEM)
By Replacement type

Based on By vehicle types:
Passenger cars
Commercial light-weight
Commercial heavy-weight
Two-wheelers
Three-wheelers
Other types

Based on By Design types:
Radial
Bias tire (tyre)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, analysis the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have to start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufacturers, consultants, and Key vendors related to Tire (tyre) industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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