Automotive Tire Market Trends, Statistics, Segments, Graphs Growth Factors Forecast to 2022

“”Automotive Tire Market is Expected to Grow at a CAGR of 5.5% from 2016 to 2022″”
Global Automotive Tire Market Information Report by Type (Radial, Bias/ Cross Ply), By Section Width (<200 Mm, 200-230mm, <230mm), By End Market (OEM’s, Aftermarket), By Application (Passenger Cars, Commercial Vehicle) and By Region - Global Forecast To 2022

Market Highlights

The rise in disposable income and the standard of living of consumers is leading to the increase in sales of cars which directly leads to the growth of the automotive tire market. The introduction of advanced technology in the tire manufacturing is also contributing in the growth of the market. The increase in the operating life of automobiles raises the need of changing the tire during the life of the vehicle. This leads to the increase in sales of the tire manufacturers thereby, driving the growth of the industry. The existence of large number of players in the market and the low differentiation in the process of tire manufacturing creates intense competition among the existing players. This leads the automotive tire market to be nearly stable in terms of pricing by the suppliers. Automotive Tire Market is expected to grow over the CAGR of around 5.5% during the period 2016 to 2022

 

Market Research Analysis

Based on the end market, aftermarket is expected to be the highest growing segment. The increase in the average life of the vehicle in operation and the high economic growth in developing nations are expected to drive the sales of the automobile tires globally. This is expected to eventually drive the growth of the aftermarket.

 

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Key Players

  • AG (Germany),
  • Cooper & Rubber Company (U.S.),
  • Hankook Co. Ltd. (South Korea),
  • Goodyear & Rubber Company (U.S.),
  • Michelin Group(France),
  • Pirelli & C. S.p.A.(Italy),
  • Sumitomo Rubber Industries, Ltd (Japan),
  • Bridgestone Corporation (japan),
  • Toyo Tire & Rubber Co., Ltd. (Japan),
  • Yokohama Rubber Co. Ltd.(Japan)
  • others.

 

Asia-Pacific region is expected to dominate the automotive tire market with highest CAGR due to the volume of production and adoption of automobiles in the region. The rapid and huge investments by industry players of the region are further expected to spur the growth here. The improvement in the economic conditions of developing nations in the region is expected to drive the Asia- pacific automotive tire market.

 

Intended Audience

  • Automotive tire manufacturers
  • Distributer & Supplier companies
  • End Users
  • consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities

 

The reports also cover country level analysis:

  • Americas (North & Latin)
  • Europe
  • Asia – Pacific
  • Middle East & Africa

 

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Table of Content

1.Executive Summary
2    Research Methodology
2.1   Scope of the Study
2.1.1     Definition
2.1.2     Research Objective
2.1.3     Assumptions
2.1.4     Limitations
2.2   Research Process
2.2.1     Primary Research
2.2.2     Secondary Research
2.3   Market size Estimation
2.4   Forecast Model
3    Market Dynamics
3.1   Market Drivers
3.2   Market Inhibitors
3.3   Supply/Value Chain Analysis
3.4   Porter’s Five Forces Analysis
4    Global Automotive tire market, By Type
4.1   Radial
4.2   Bias/cross ply
5    Global Automotive tire market, By Section width
5.1   Introduction
5.2   <200 mm
5.3   200-230 mm
5.4   >230mm
Continue…..

 

The report for Automotive Tire Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions

 

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