Automotive Snow Tire Chains Market

Automotive Snow Tire Chains Market Size, Share, Trends, Growth, and Industry Analysis, By Material Type (Non-metal Snow Chain, Metal Snow Chain, and Others), By Application (Commercial Vehicles, and Passenger Cars), Regional Analysis and Forecast 2032.

Automobile & Transportation | October 2024 | Report ID: EMR00964 | Pages: 258

Automotive Snow Tire Chains Market Trend

Global Automotive Snow Tire Chains Market size was USD 3.35 billion in 2023 and the market is projected to touch USD 4.79 billion by 2032, at a CAGR of 4.57% during the forecast period.

 

Automotive snow tire chains are made of metal or other super strong materials and are mounted over the tires to enhance grip, ensuring a safe winter commute. The tire chains are therefore mainly used in areas where heavy snowfalls occur and severe conditions characterize the winter weather conditions, at which traditional tires are unable to provide enough friction.

Snow tire chains have been in high demand in the market as awareness of safety on roads increases, with consumers feeling that their vehicles must work satisfactorily in such difficult weather. Other growth drivers include the rise in winter travel demand, advancement in the automotive industry, and stricter regulations on safety aspects in automobiles. The development of lighter, more durable, easier-to-install chains stimulates consumer demands. The key players within this market are focusing on product innovation and spreading their distribution networks to meet the changing demands.

 

Automotive Snow Tire Chains Report Scope and Segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 3.35 Billion

Projected Market Value (2032)

USD 4.79 Billion

Base Year

2023

Historical Year

2018-2022

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Material Type, By Application, & Region.

Segments Covered

By Material Type, By Application, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Dynamic Insights

One of the most significant drivers for this market is consumer awareness with regard to road safety, specifically in regions where snowfall is heavy and turns into ice. The more aware people become about the dangers of winter driving, the more they require sure-fire solutions to the problem, including snow tire chains. Winter sports as well as traveling for fun also increase the usage of vehicles during snowy conditions thereby further driving the markets.

And factors like increasing adoption of all-season tyres and changes in tyre designs can also prove to be a growth inhibitor for this market. All-season tyres that give good performances under most climatic conditions are perceived as easy substitutes, meaning there is no real necessity for snow tyre chains. Moreover, the installation and maintenance of tyre chains seem to be pretty cumbersome for several drivers. However, manufacturers are coming up with new products that are easier to install and perform better to defeat the challenges. There is also a general increase in e-commerce, which provides consumers with easy access to a wider variety of products more conveniently.

 

Drivers Insights

  • Growing Awareness of Road Safety

As winter weather can lead to hazardous driving conditions, there is a heightened awareness among consumers regarding the importance of road safety. Drivers in regions that experience heavy snowfall recognize that using snow tire chains significantly enhances traction and control on icy roads. This awareness has been fuelled by increased media coverage of winter accidents and government campaigns promoting safe driving practices. As a result, more consumers are investing in snow tire chains to ensure their safety during winter months, driving demand for these products.

  • Rising Winter Recreational Activities

The popularity of winter sports and recreational activities, such as skiing and snowboarding, is driving the demand for snow tire chains. Many individuals and families travel to mountainous or snowy regions during the winter season to partake in these activities. As more people plan winter vacations or weekend getaways to ski resorts, the need for reliable vehicle performance in snowy conditions becomes paramount. This trend not only increases the number of vehicles on the road in winter but also emphasizes the necessity for snow tire chains, thereby expanding the market.

 

Restraints Insights

  • Adoption of All-Season Tires

An important restraint to the snow tire chains market is the increasing demand for all-season tires. All-season tires are becoming increasingly popular because they can be used over a wide variety of climatic conditions and do not need seasonal changes. All-season tires can offer satisfactory performance under certain light snow conditions but do not match the performance of winter-specific tires in tandem with snow tire chains. This trend, therefore, is likely to reduce the perceived need for snow tire chains, thus slowing down the growth in the market.

  • Installation and Maintenance Challenges

The perception that installing and maintaining snow tire chains can be cumbersome serves as another restraint. Many consumers may find the process of putting on and taking off tire chains daunting, particularly in harsh winter weather conditions. Additionally, some drivers might not have the knowledge or experience required for proper installation, leading to safety concerns. This inconvenience may deter potential buyers, limiting the market's growth and adoption of snow tire chains.

 

Opportunities Insights

  • Technological Advancements in Product Design

There is a growing opportunity for manufacturers to innovate and develop easier-to-use and more efficient snow tire chains. Advances in materials and engineering can lead to lighter, more durable chains that are simpler to install, appealing to a broader range of consumers. Products that incorporate features such as automatic tightening systems or easy-release mechanisms can enhance user experience and encourage adoption. These innovations can position manufacturers competitively within the market, catering to both safety-conscious consumers and those seeking convenience.

 

Segment Analysis

  • By Material Type

The market is classified into three sub-segments based on the type of material: non-metal, metal, and others. Metal snow chains are used most extensively as the material is strong and durable as well as capable of providing traction to any icy or snowy surface. These chains are made of extremely powerful metals such as steel and they are used for both passenger cars as well as commercial vehicles and the efficiency proves to be a great performance. Nonmetal snow chains are becoming popular, representing a lightweight, less noisy alternative to metal chains, often constructed from synthetic material or reinforced plastics. Nonmetal snow chains are easier to fit and remove; thus, they are more user-friendly for consumers who are not familiar with the complexities of metal chains.

  • By Application

The snow tire chains market is also segmented by application, which includes both commercial vehicles and passenger cars. In the commercial vehicle segment, the chains are a necessity for trucks, buses, and delivery vehicles used in areas with inclement severe weather conditions in winter. These ensure that commodities and passengers are transported securely and reduce the chances of accidents because of the friction created, thus increasing their demand. Specifically, logistics companies and public transportation services, which stress safety and efficiency, demand reliable snow chains for commercial vehicles. Conversely, the passenger car segment is better representative of increased awareness of the issue among individual car owners in areas where heavy snowfalls are perceived. Many customers are purchasing snow tire chains for their private vehicles to secure better safety in journeys during winter seasons. Again, this is one of the areas that enjoy increased market benefits due to the increasing popularity of winter recreational sports by many families and individuals seeking to make family trips to snowy destinations.

 

Regional Analysis

North America, particularly the United States and Canada, is the largest market, as most parts of these regions have harsh winters and substantial snowfalls. In this region, especially in some states, snow tire chains are not only an extra-to-carry-in their-environment-by-private customers but also indispensable for commercial vehicles, and therefore sales are robust. Driving this and many other factors is an ever-increasing awareness of road safety coupled with a growing need for reliable traction in snowy conditions.

Europe also experiences some of the same weather conditions in Germany, Sweden, and Norway, which demand snow tire chains. The European market is also very strict in regard to safety requirements and has a very high penetration of winter tires. Further, to ensure utmost safety, they are mostly sold in pairs with chains. In the meantime, demand for these types of chains is seen to be materializing in the Asia-Pacific region, primarily in Japan and South Korea, where winter sports activities act as a driver of the requirements for snow tyre chains. With changes in those markets, increased disposable incomes and a rising interest in safe wintering, sales are probable in these markets. Whereas areas that observe relatively less severe winter conditions are parts of Australia and southern Europe, which account for lower demand for snow tire chains - focusing more on all-season tires instead.

 

Competitive Landscape

Companies like Thule Group, Peerless Industrial, and Michelin, with huge experience and well-established brand, hold significant market share. All such companies focus on high investment in research and development for innovation and betterment of their products. Most emphasized things are easy installation, durability, and lightweight. Competitive strategy calls such as product-line extension, based on different vehicle types, as well as consumer preferences, and improvement in the distribution channels through partnerships with automotive retailers, e-commerce platforms, among others.

In addition, regional players are increasingly gaining traction through providing solutions that are bespoke to the requirements of that specific market. Companies like SWS in Europe, for example, and TireChain in North America focus on high-quality products aligned with safety regulations as followed regionally and consumer expectations. The competitive environment also includes the rising influence of online retailers or direct-to-consumer sales as they revolutionize traditional models for distribution. This would further enable consumers to bring comparison of other products, read reviews, and ultimately make informed decisions while making purchases; thus, manufacturers are compelled to enhance product visibility and consumer engagement.

List of Key Players:

  • Thule Group
  • Veriga Lesce d.o.o.
  • Security Chain Company (SCC)
  • Ottinger GmbH
  • Michelin
  • ISSE Safety
  • Rud Chain Inc.
  • Maggi Group
  • Trygg Nøsted Kjetting AS
  • Peerless Industrial Group
  • Polaire
  • Weissenfels
  • BABAC Inc.
  • Spikes-Spider
  • Pewag Schneeketten GmbH
  • Konig Chains
  • Laclede Chain Manufacturing Company
  • Pewag Group  

 

Recent Developments:

  • Dec 2023, Hyundai Motor Company and Kia Corporation have introduced a new tire technology that integrates snow chains, enhancing safety for winter driving conditions.

 

Global Automotive Snow Tire Chains Report Segmentation:

ATTRIBUTE

DETAILS

By Material Type

  • Nonmetal Snow Chain
  • Metal Snow Chain
  • Others

By Application

  • Commercial Vehicles
  • Passenger Cars

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Automotive Snow Tire Chains size and forecast: To identify and estimate the market size for global Automotive Snow Tire Chains market segmented By Material Type, By Application, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Automotive Snow Tire Chains
  • Market Influencing Factors: To find out the factors which are affecting the market of global Automotive Snow Tire Chains among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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Primary Research

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Secondary Research

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Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

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Frequently Asked Questions

Global Automotive Snow Tire Chains forecast period is 2024 - 2032.
According to global Automotive Snow Tire Chains research, the market is expected to grow at a CAGR of ~ 4.57% over the next eight years.
The possible segments in global Automotive Snow Tire Chains are based on By Material Type, By Application, & by region.
The expected market size for Global Automotive Snow Tire Chains is USD 4.79 billion in 2032.
The major players in the market are Thule Group, Veriga Lesce d.o.o., Security Chain Company (SCC), Ottinger GmbH, Michelin, ISSE Safety, Rud Chain Inc., Maggi Group, Trygg Nosted Kjetting AS, Peerless Industrial Group, Polaire, Weissenfels, BABAC Inc., Spikes-Spider, Pewag Schneeketten GmbH, Konig Chains, Laclede Chain Manufacturing Company, and Pewag Group.
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