Automotive Tire Market Size Growth Forecast 2020 to 2025
By Market Study Report  Date: 2020-04-30Product ID: 1695183

Automotive Tire Market Size Growth Forecast 2020 to 2025

Latest update on Automotive Tire Market Analysis report published with an extensive market research, Automotive Tire market growth analysis and Projection by – 2025. this report is highly predictive as it holds the over all market analysis of topmost companies into the Automotive Tire industry. Also Automotive Tire Market is Segmented By Type (Radial Tire, Bias Tire); By End-User (Passenger Cars, Commercial Vehicles, Two-Wheelers); By Sales Channel (OEM, Aftermarket). With the classified Automotive Tire market research based on various growing regions this report provide leading players portfolio along with sales, growth, market share and so on.

The global Automotive Tire Market is anticipated to reach around USD 453.7 billion by 2026 according to a new research. In 2017, the passenger cars dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Tire market.

Market players operating in the global automotive tire market are investing significantly in research and development and technological innovation to develop advanced products to meet the growing consumer demands. The stringent government regulations regarding the use of green tires also encourage new product development. In 2012, Hankook Tire developed an airless tire. The non-pneumatic tire results in significant energy savings through reduction of the production process by half. These tires can be reused or recycled and find applications in eco-friendly car models including hydrogen, electric and hybrid cars.

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The leading companies profiled in the Automotive Tire Market report include MRF Tyres, JK Tyre & Industries Ltd., Continental AG, Bridgestone Corporation, Sumitomo Rubber Industries Ltd., Michelin Group, Toyo Tire & Rubber Co. Ltd., Goodyear Tire and Rubber Company, Pirelli & C. S.P.A., and CEAT Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

In 2017, Asia-Pacific accounted for the highest share in the global automotive tire market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations regarding vehicular safety and use of green technology accelerates the adoption of automotive tires in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the market growth. The adoption of automotive tires has increased significantly owing to increasing need to increase the average life of vehicles, and growing need to improve road safety by use of technologically advanced tires. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and increasing adoption of green tires would provide growth opportunities for automotive tire market in the coming years.

A Pin-point overview of TOC of Automotive Tire Market are:

Overview and Scope of Automotive Tire Market

  • Research goal & scope
  • Research assumptions
  • Research Methodology
  • Key take-away
  • Stakeholders
  • Market Segmentation

Automotive Tire Market Insights

  • Industry snapshot
  • Regulatory Framework
  • Automotive Tire Market Dynamics
  • Automotive Tire Market Forces
  • Automotive Tire Market Driver Analysis
  • Automotive Tire Market Restraint/Challenges analysis
  • Automotive Tire Market Opportunity Analysis
  • Factors Influencing Development of Automotive Tire Market
  • Driving Forces and Market Opportunities
  • Threats and Challenges in Automotive Tire industry
  • Forecast on Automotive Tire Market Size
  • Forecast on Automotive Tire Market Trend

Industry analysis - Porter's Five Force

  • Automotive Tire Market PEST Analysis
  • Automotive Tire Market Value Chain Analysis
  • Automotive Tire Industry Trends
  • Company Market Share Analysis

Company Profiles

  • Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement

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