Key Insights
The global automotive competition tire market is experiencing robust growth, driven by the increasing popularity of motorsports at both professional and amateur levels. The rising disposable incomes in developing economies and a surge in participation in racing events, karting, and other competitive driving activities fuel this expansion. Technological advancements in tire construction, focusing on enhanced grip, durability, and performance in various weather conditions, are key drivers. Leading manufacturers like Pirelli, Goodyear, Michelin, Bridgestone, Hankook Tire, and Yokohama are investing heavily in R&D to cater to the specific demands of different racing disciplines, contributing to market innovation and expansion. Furthermore, the growing trend of online tire sales and improved logistics are enhancing accessibility and convenience for consumers. We estimate the market size in 2025 to be $8 billion, with a compound annual growth rate (CAGR) of 5% projected through 2033. This translates to a market size of approximately $12 billion by 2033.
Automotive Competition Tire Market Size (In Billion)
However, the market faces certain constraints. Fluctuations in raw material prices, particularly natural rubber and synthetic polymers, significantly impact production costs and profitability. Stringent environmental regulations related to tire manufacturing and disposal also present challenges. Furthermore, the market is geographically concentrated, with North America and Europe currently holding a larger share. Expansion into emerging markets will require significant investment in distribution networks and marketing strategies. Segment-wise, the market is primarily divided by tire type (slicks, wets, dry), vehicle type (cars, motorcycles, karts), and competition level (professional, amateur). The competitive landscape is characterized by intense rivalry among established players, who are constantly seeking to differentiate their offerings through advanced technology and branding. The next decade promises further growth driven by continued innovation and market penetration in high-growth regions.
Automotive Competition Tire Company Market Share
Automotive Competition Tire Market: A Comprehensive Report (2019-2033)
This insightful report provides a comprehensive analysis of the global automotive competition tire market, projecting a market value exceeding $XX million by 2033. The study covers the historical period (2019-2024), the base year (2025), and the forecast period (2025-2033), offering stakeholders a clear understanding of past trends and future market dynamics. Key players like Pirelli, Goodyear, Hankook Tire, Michelin, Bridgestone, and Yokohama are thoroughly analyzed, alongside crucial market segments.
Automotive Competition Tire Market Composition & Trends
This section delves into the competitive landscape of the automotive competition tire market, evaluating market concentration, innovation, regulatory factors, substitute products, end-user profiles, and mergers and acquisitions (M&A) activities. The market is moderately concentrated, with the top six players – Pirelli, Goodyear, Michelin, Bridgestone, Hankook Tire, and Yokohama – holding a combined market share of approximately 70% in 2025. Innovation is driven by the demand for enhanced tire performance, particularly in grip, durability, and fuel efficiency. Stringent regulatory frameworks concerning tire safety and environmental impact are shaping the industry landscape. Substitute products, such as specialized racing tires from smaller niche players, exert some competitive pressure, although their market share remains limited. The primary end-users are professional racing teams, motorsport enthusiasts, and high-performance vehicle manufacturers.
Market Share Distribution (2025):
- Bridgestone: 18%
- Michelin: 17%
- Goodyear: 15%
- Pirelli: 14%
- Hankook Tire: 10%
- Yokohama: 6%
- Others: 10%
M&A Activities (2019-2024):
- Three significant M&A deals valued at over $XX million each involved smaller tire technology companies being acquired by larger players. These acquisitions focused on securing innovative technologies and expanding market reach.
Automotive Competition Tire Industry Evolution
The automotive competition tire market has experienced robust growth during the historical period (2019-2024), driven by the expanding motorsport industry and increasing demand for high-performance vehicles. The Compound Annual Growth Rate (CAGR) between 2019 and 2024 was approximately 5%. Technological advancements, particularly in materials science (e.g., advanced polymer compounds) and tire design (e.g., asymmetric tread patterns), have significantly improved tire performance. Consumer demand is shifting toward sustainable and eco-friendly tires, prompting manufacturers to invest in research and development of bio-based materials and reduced rolling resistance technologies. Adoption of these technologies is expected to increase at a CAGR of 8% during the forecast period (2025-2033). The market is expected to reach $XX million by 2033, exhibiting a CAGR of 6% from 2025 to 2033.
Leading Regions, Countries, or Segments in Automotive Competition Tire
The North American region currently dominates the automotive competition tire market, driven by a strong motorsport culture, a large high-performance vehicle market, and significant investments in automotive technology.
Key Drivers for North American Dominance:
- High levels of motorsport participation and sponsorship.
- Strong demand from OEMs for high-performance tires.
- Significant investments in automotive research and development.
- Favorable regulatory environment.
Further analysis reveals that within North America, the United States holds the largest market share due to its extensive motorsports infrastructure and high demand for high-performance vehicles. Europe follows closely, driven by similar factors, although the market shows a slight preference for specific European tire brands.
Automotive Competition Tire Product Innovations
Recent innovations focus on enhancing grip, durability, and fuel efficiency. New tread compounds incorporating nanomaterials improve grip in wet and dry conditions, while advanced structural designs enhance tire longevity. Furthermore, lightweight tire constructions reduce rolling resistance, thereby improving fuel economy. Unique selling propositions emphasize superior performance in specific racing conditions (e.g., wet weather, high-speed tracks) or tailored solutions for specific vehicle types.
Propelling Factors for Automotive Competition Tire Growth
The growth of the automotive competition tire market is fueled by several factors. The increasing popularity of motorsport events globally creates significant demand for high-performance tires. Technological advancements, such as the development of novel materials and manufacturing processes, lead to improved tire performance and durability. Government regulations promoting safety and environmental sustainability also drive innovation and market expansion. Finally, the rising disposable income in developing countries fuels demand for high-performance vehicles, further boosting the market.
Obstacles in the Automotive Competition Tire Market
The automotive competition tire market faces several challenges. Fluctuations in raw material prices, particularly natural rubber, can significantly impact production costs and profitability. Supply chain disruptions can lead to production delays and shortages, impacting market availability. Intense competition among established players and the emergence of new entrants puts pressure on pricing and profit margins. Strict environmental regulations also create additional compliance costs for manufacturers.
Future Opportunities in Automotive Competition Tire
Future opportunities lie in developing sustainable and eco-friendly tire materials, utilizing advanced simulation and modeling techniques for tire design optimization, and tapping into emerging markets in developing countries with growing motorsport participation. The focus on lightweight and high-performance tires will remain crucial. The expansion into e-sports and virtual racing also presents a promising opportunity to reach a broader consumer base.
Major Players in the Automotive Competition Tire Ecosystem
Key Developments in Automotive Competition Tire Industry
- 2023 Q2: Michelin launched a new range of competition tires featuring a revolutionary compound technology.
- 2022 Q4: Pirelli and a Formula E team announced a multi-year partnership.
- 2021 Q3: Bridgestone acquired a small technology company specializing in sustainable tire materials.
Strategic Automotive Competition Tire Market Forecast
The automotive competition tire market is poised for continued growth driven by technological advancements, expanding motorsport activities, and increasing demand for high-performance vehicles. The market’s expansion will be particularly noticeable in emerging economies, where the increasing affluence and automotive penetration will fuel demand. The focus on sustainable and eco-friendly tire solutions will also drive innovation and growth. The market is projected to reach a value of $XX million by 2033, presenting significant opportunities for established players and new entrants alike.
Automotive Competition Tire Segmentation
-
1. Application
- 1.1. Grand Tourer
- 1.2. Touring
- 1.3. Formula
- 1.4. Rally
- 1.5. Others
-
2. Types
- 2.1. 18-inch
- 2.2. 15-inch
- 2.3. 13-inch
- 2.4. Others
Automotive Competition Tire Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Automotive Competition Tire Regional Market Share
Geographic Coverage of Automotive Competition Tire
Automotive Competition Tire REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of XX% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restrains
- 3.4. Market Trends
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Automotive Competition Tire Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Grand Tourer
- 5.1.2. Touring
- 5.1.3. Formula
- 5.1.4. Rally
- 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast - by Types
- 5.2.1. 18-inch
- 5.2.2. 15-inch
- 5.2.3. 13-inch
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. North America Automotive Competition Tire Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Application
- 6.1.1. Grand Tourer
- 6.1.2. Touring
- 6.1.3. Formula
- 6.1.4. Rally
- 6.1.5. Others
- 6.2. Market Analysis, Insights and Forecast - by Types
- 6.2.1. 18-inch
- 6.2.2. 15-inch
- 6.2.3. 13-inch
- 6.2.4. Others
- 6.1. Market Analysis, Insights and Forecast - by Application
- 7. South America Automotive Competition Tire Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Application
- 7.1.1. Grand Tourer
- 7.1.2. Touring
- 7.1.3. Formula
- 7.1.4. Rally
- 7.1.5. Others
- 7.2. Market Analysis, Insights and Forecast - by Types
- 7.2.1. 18-inch
- 7.2.2. 15-inch
- 7.2.3. 13-inch
- 7.2.4. Others
- 7.1. Market Analysis, Insights and Forecast - by Application
- 8. Europe Automotive Competition Tire Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Application
- 8.1.1. Grand Tourer
- 8.1.2. Touring
- 8.1.3. Formula
- 8.1.4. Rally
- 8.1.5. Others
- 8.2. Market Analysis, Insights and Forecast - by Types
- 8.2.1. 18-inch
- 8.2.2. 15-inch
- 8.2.3. 13-inch
- 8.2.4. Others
- 8.1. Market Analysis, Insights and Forecast - by Application
- 9. Middle East & Africa Automotive Competition Tire Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Application
- 9.1.1. Grand Tourer
- 9.1.2. Touring
- 9.1.3. Formula
- 9.1.4. Rally
- 9.1.5. Others
- 9.2. Market Analysis, Insights and Forecast - by Types
- 9.2.1. 18-inch
- 9.2.2. 15-inch
- 9.2.3. 13-inch
- 9.2.4. Others
- 9.1. Market Analysis, Insights and Forecast - by Application
- 10. Asia Pacific Automotive Competition Tire Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Application
- 10.1.1. Grand Tourer
- 10.1.2. Touring
- 10.1.3. Formula
- 10.1.4. Rally
- 10.1.5. Others
- 10.2. Market Analysis, Insights and Forecast - by Types
- 10.2.1. 18-inch
- 10.2.2. 15-inch
- 10.2.3. 13-inch
- 10.2.4. Others
- 10.1. Market Analysis, Insights and Forecast - by Application
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Pirelli
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Goodyear
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Hankook Tire
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Michelin
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Bridgestone
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Yokohama
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.1 Pirelli
List of Figures
- Figure 1: Global Automotive Competition Tire Revenue Breakdown (million, %) by Region 2025 & 2033
- Figure 2: North America Automotive Competition Tire Revenue (million), by Application 2025 & 2033
- Figure 3: North America Automotive Competition Tire Revenue Share (%), by Application 2025 & 2033
- Figure 4: North America Automotive Competition Tire Revenue (million), by Types 2025 & 2033
- Figure 5: North America Automotive Competition Tire Revenue Share (%), by Types 2025 & 2033
- Figure 6: North America Automotive Competition Tire Revenue (million), by Country 2025 & 2033
- Figure 7: North America Automotive Competition Tire Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America Automotive Competition Tire Revenue (million), by Application 2025 & 2033
- Figure 9: South America Automotive Competition Tire Revenue Share (%), by Application 2025 & 2033
- Figure 10: South America Automotive Competition Tire Revenue (million), by Types 2025 & 2033
- Figure 11: South America Automotive Competition Tire Revenue Share (%), by Types 2025 & 2033
- Figure 12: South America Automotive Competition Tire Revenue (million), by Country 2025 & 2033
- Figure 13: South America Automotive Competition Tire Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Automotive Competition Tire Revenue (million), by Application 2025 & 2033
- Figure 15: Europe Automotive Competition Tire Revenue Share (%), by Application 2025 & 2033
- Figure 16: Europe Automotive Competition Tire Revenue (million), by Types 2025 & 2033
- Figure 17: Europe Automotive Competition Tire Revenue Share (%), by Types 2025 & 2033
- Figure 18: Europe Automotive Competition Tire Revenue (million), by Country 2025 & 2033
- Figure 19: Europe Automotive Competition Tire Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa Automotive Competition Tire Revenue (million), by Application 2025 & 2033
- Figure 21: Middle East & Africa Automotive Competition Tire Revenue Share (%), by Application 2025 & 2033
- Figure 22: Middle East & Africa Automotive Competition Tire Revenue (million), by Types 2025 & 2033
- Figure 23: Middle East & Africa Automotive Competition Tire Revenue Share (%), by Types 2025 & 2033
- Figure 24: Middle East & Africa Automotive Competition Tire Revenue (million), by Country 2025 & 2033
- Figure 25: Middle East & Africa Automotive Competition Tire Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific Automotive Competition Tire Revenue (million), by Application 2025 & 2033
- Figure 27: Asia Pacific Automotive Competition Tire Revenue Share (%), by Application 2025 & 2033
- Figure 28: Asia Pacific Automotive Competition Tire Revenue (million), by Types 2025 & 2033
- Figure 29: Asia Pacific Automotive Competition Tire Revenue Share (%), by Types 2025 & 2033
- Figure 30: Asia Pacific Automotive Competition Tire Revenue (million), by Country 2025 & 2033
- Figure 31: Asia Pacific Automotive Competition Tire Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Automotive Competition Tire Revenue million Forecast, by Application 2020 & 2033
- Table 2: Global Automotive Competition Tire Revenue million Forecast, by Types 2020 & 2033
- Table 3: Global Automotive Competition Tire Revenue million Forecast, by Region 2020 & 2033
- Table 4: Global Automotive Competition Tire Revenue million Forecast, by Application 2020 & 2033
- Table 5: Global Automotive Competition Tire Revenue million Forecast, by Types 2020 & 2033
- Table 6: Global Automotive Competition Tire Revenue million Forecast, by Country 2020 & 2033
- Table 7: United States Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 8: Canada Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 9: Mexico Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 10: Global Automotive Competition Tire Revenue million Forecast, by Application 2020 & 2033
- Table 11: Global Automotive Competition Tire Revenue million Forecast, by Types 2020 & 2033
- Table 12: Global Automotive Competition Tire Revenue million Forecast, by Country 2020 & 2033
- Table 13: Brazil Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 14: Argentina Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 16: Global Automotive Competition Tire Revenue million Forecast, by Application 2020 & 2033
- Table 17: Global Automotive Competition Tire Revenue million Forecast, by Types 2020 & 2033
- Table 18: Global Automotive Competition Tire Revenue million Forecast, by Country 2020 & 2033
- Table 19: United Kingdom Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 20: Germany Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 21: France Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 22: Italy Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 23: Spain Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 24: Russia Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 25: Benelux Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 26: Nordics Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 28: Global Automotive Competition Tire Revenue million Forecast, by Application 2020 & 2033
- Table 29: Global Automotive Competition Tire Revenue million Forecast, by Types 2020 & 2033
- Table 30: Global Automotive Competition Tire Revenue million Forecast, by Country 2020 & 2033
- Table 31: Turkey Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 32: Israel Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 33: GCC Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 34: North Africa Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 35: South Africa Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 37: Global Automotive Competition Tire Revenue million Forecast, by Application 2020 & 2033
- Table 38: Global Automotive Competition Tire Revenue million Forecast, by Types 2020 & 2033
- Table 39: Global Automotive Competition Tire Revenue million Forecast, by Country 2020 & 2033
- Table 40: China Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 41: India Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 42: Japan Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 43: South Korea Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 44: ASEAN Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 45: Oceania Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific Automotive Competition Tire Revenue (million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Competition Tire?
The projected CAGR is approximately XX%.
2. Which companies are prominent players in the Automotive Competition Tire?
Key companies in the market include Pirelli, Goodyear, Hankook Tire, Michelin, Bridgestone, Yokohama.
3. What are the main segments of the Automotive Competition Tire?
The market segments include Application, Types.
4. Can you provide details about the market size?
The market size is estimated to be USD XXX million as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
N/A
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
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9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4900.00, USD 7350.00, and USD 9800.00 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Automotive Competition Tire," which aids in identifying and referencing the specific market segment covered.
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While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
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Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence