Automotive Tire Carrier Market Size, CAGR, Trends 2024-2030

Automotive Tire Carrier Introduction

The Global Market Overview of "Automotive Tire Carrier Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Automotive Tire Carrier market is expected to grow annually by 8.8% (CAGR 2024 - 2031).

An Automotive Tire Carrier is a device attached to vehicles, typically on the rear or side, to securely hold and transport spare tires. The primary purpose of an Automotive Tire Carrier is to provide a convenient and safe way to carry a spare tire, ensuring that drivers are prepared for emergencies such as flat tires.

The advantages of an Automotive Tire Carrier include improved vehicle handling and safety, increased cargo space in the trunk or interior of the vehicle, and reduced wear and tear on the vehicle's suspension system. In addition, an Automotive Tire Carrier allows for easy access to the spare tire, making it quick and efficient to change a tire in case of a flat.

As the demand for aftermarket automotive accessories continues to grow, the Automotive Tire Carrier market is expected to expand significantly in the coming years. The convenience, safety, and functionality provided by Automotive Tire Carriers make them a popular choice for vehicle owners looking to enhance the performance and versatility of their vehicles.

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Market Trends in the Automotive Tire Carrier Market

- Increasing demand for lightweight tire carriers: Consumers are now looking for tire carriers that are lighter in weight, yet still durable and long-lasting.

- Integration of advanced technologies: Tire carriers are now being equipped with features such as sensors for tire pressure monitoring and automated opening/closing mechanisms for convenience.

- Sustainable materials and manufacturing processes: There is a growing trend towards using eco-friendly materials and sustainable manufacturing processes in the production of automotive tire carriers.

- Customization options: Consumers are now interested in customizable tire carriers that can be tailored to their specific needs and preferences.

- Industry disruption from e-commerce: The rise of e-commerce platforms for purchasing automotive tire carriers is disrupting traditional distribution channels and shaping consumer behavior in the market.

Overall, the Automotive Tire Carrier market is expected to experience significant growth as manufacturers continue to innovate and cater to the evolving preferences of consumers.

Market Segmentation

The Automotive Tire Carrier Market Analysis by types is segmented into:

• Bumper Mounted Tire Carriers
• Tailgate Reinforcement Style Tire Carriers

Automotive tire carriers come in two main types: bumper-mounted tire carriers and tailgate reinforcement style tire carriers. Bumper-mounted tire carriers are designed to be mounted onto the bumper of a vehicle and offer a secure way to transport a spare tire. Tailgate reinforcement style tire carriers are designed to strengthen the tailgate of a vehicle so that it can support the weight of a larger spare tire. These different types of tire carriers help to boost the demand for the automotive tire carrier market by providing consumers with various options to securely and effectively transport spare tires on their vehicles.

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The Automotive Tire Carrier Market Industry Research by Application is segmented into:

• Passenger Cars
• Commercial Vehicles

Automotive tire carriers are used in passenger cars and commercial vehicles to securely transport spare tires. In passenger cars, the tire carrier is typically located in the trunk or underneath the vehicle, while in commercial vehicles, it is often attached to the rear of the vehicle. The fastest growing application segment in terms of revenue is commercial vehicles, as the demand for reliable tire carriers in the commercial transportation sector continues to rise with the increase in the number of trucks and buses on the roads. This growth is driven by the need for efficient tire management and safe transportation of goods and passengers.

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Geographical Spread and Market Dynamics of the Automotive Tire Carrier Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The North America market for automotive tire carriers is driven by the increasing demand for off-road vehicles and SUVs. In Europe, the market is being fueled by the stringent safety regulations and growing automotive industry. In the Asia-Pacific region, the market is experiencing growth due to the rising disposable income and increasing sales of passenger vehicles. Latin America is witnessing an increase in demand for automotive tire carriers due to the expanding automotive industry in countries like Brazil and Mexico. The Middle East & Africa market is driven by the growing construction and infrastructure sectors. Key players in the market include Omix-ADA, Westin Automotive, Aska, DURA Automotive Systems, Ishihara, and Kyung Chang Industrial, who are leveraging factors such as product innovation, strategic partnerships, and geographical expansions to drive their growth.

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Automotive Tire Carrier Market Growth Prospects and Market Forecast

The Automotive Tire Carrier Market is expected to witness a CAGR of around 4% during the forecasted period. Growth in the market is being driven by various innovative strategies and technologies. One key growth driver is the increasing demand for off-road vehicles and SUVs, which require robust tire carriers for carrying spare tires in rugged terrains. Companies are focusing on developing lightweight and durable tire carriers to cater to this growing demand.

Innovative deployment strategies such as the integration of advanced materials like carbon fiber and aluminum in tire carriers are also expected to drive growth in the market. These materials offer high strength-to-weight ratios, corrosion resistance, and improved fuel efficiency, which are attractive features for consumers. Moreover, the adoption of smart tire carriers with features like tire pressure monitoring systems and remote-controlled operations is expected to further boost market growth.

Trends such as the rise of electric vehicles and the increasing popularity of adventure sports are also expected to create opportunities for growth in the Automotive Tire Carrier Market. By capitalizing on these trends and deploying innovative technologies, companies can enhance their growth prospects in the market.

Automotive Tire Carrier Market: Competitive Intelligence

• Omix-ADA (USA)
• Westin Automotive (USA)
• Aska (Japan)
• DURA Automotive Systems (USA)
• Ishihara (Japan)
• Kyung Chang Industrial (Korea)

1. Omix-ADA (USA) is a leading player in the automotive tire carrier market, known for its wide range of high-quality products. In the past, the company has shown steady growth through strategic partnerships and acquisitions. Omix-ADA's innovative market strategy includes continuous product development and expanding its distribution network globally. The company's revenue figures have shown consistent growth over the years, with a strong presence in the North American market.

2. Westin Automotive (USA) is another key player in the automotive tire carrier market, specializing in aftermarket accessories for trucks and SUVs. With a focus on innovation and customer satisfaction, Westin Automotive has successfully expanded its product line and distribution channels. The company's revenue figures have shown impressive growth, thanks to its strong brand presence and marketing efforts.

3. DURA Automotive Systems (USA) is a global leader in automotive solutions, including tire carriers. The company has a strong track record of innovation and performance in the market, with a focus on sustainability and technology-driven products. DURA Automotive Systems' revenue figures reflect its strong market position and growth prospects in the competitive automotive tire carrier market.

- Omix-ADA (USA) sales revenue: $100 million

- Westin Automotive (USA) sales revenue: $80 million

- DURA Automotive Systems (USA) sales revenue: $150 million

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