Automotive Tire Market: One of the most important parts of a vehicle
Apr 16, 2018
The global Automotive Tire Market was valued at $42,712 million in 2014 and is likely to garner $68,965 million in 2025, growing at a CAGR of 4.89% during the forecast period according to Progressive Markets report
Portland, United State - April 16, 2018 /MarketersMedia/ —
The report provides a detailed analysis of the automotive tire market on a global basis. It discusses the key segments, market size and share, offers insights on current trends, explains the market landscape, competitive scenario, and outlines growth opportunities for the future. It also highlights the key players operating in the market. These insights are helpful for market players to gain profitability and investors to gain maximum returns on their investments. The report also helps determine strategies to be implemented to expand international market presence and gain a competitive edge in the overall industry.
Get 30% Flat Discount @ https://www.progressivemarkets.com/request-sample/automotive-tire-market Limited Period Offer
An executive summary of the global automotive tire market is provided in the study to assist market players, stakeholders, new entrants, and investors assess the overall industry and take necessary steps to achieve growth in the years to come. Key findings outlined in the report assist market players to gain insights on the key winning strategies and identify the prolific investment pockets. Porters Five Forces model is offered in the study to help market players develop business strategies for the future and identify the level of competition in the industry. Bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat from substitutes, and industrial rivalry are the elements used to analyze the model.
The market landscape of the global automotive tire market is provided in terms of the drivers and restraints. High demand for vehicles across the world, as well as the intense competition between the market players to produce greatly sustainable, highly durable and affordable tires, are supplementing the growth of the market. Moreover, the technological advancements in the manufacturing of tires are also propelling the growth of the automotive tire industry. On the other hand, the rise in retreading tires market in which tread is replaced by worn out tires may cause the market to slow down. In addition, the price fluctuation of raw materials such as natural rubber and reinforcing materials may impede the growth of the market.
The report offers a detailed segmentation of the global automotive tire market based on type, type of vehicle/application, and geography. Based on the type, the market is classified as radial tire and bias tire. The radial tire segment garnered $162,831 million in 2017 and is expected to grow at a CAGR of 5.08% during the forecast period, 2018-2025. By vehicle type/application, the market is divided into passenger car tire, Light Commercial Vehicle (LCV) tire, Heavy Commercial Vehicle (HCV) tire, and two-wheelers tire. The passenger car tire segment garnered $82,903 million in 2017 and is expected to grow at a CAGR of 5.08% during the forecast period. The LCV tire segment is anticipated to grow at a CAGR of 2.03% during the forecast period. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market study in North America covers the U.S., Canada, and Mexico. The market analysis in Europe covers Germany, Poland, Spain, Italy, Russia, UK, France, and other parts of Europe. The analysis in Asia-Pacific covers China, Indonesia, India, South Korea, New Zealand, Japan, Australia, and the rest of Asia-Pacific. The study in LAMEA covers Argentina, Saudi Arabia, Brazil, UAE, South Africa, Chile, and others.
Get Customize report at a discounted price @ https://www.progressivemarkets.com/request-customization/automotive-tire-market
The study offers a detailed analysis of the key market players active in the global automotive tire industry. A business overview of each player is provided to help investors determine investment feasibility and market players to identify strategies to be adopted for achieving growth. Moreover, financial & business segments and their recent developments are offered in the study. Key market players analyzed in the research include Bridgestone Corporation, Continental AG, Pirelli & C. S.p.A, Michelin, The Goodyear Tire & Rubber Co., Sumitomo Rubber Industries, Ltd., Madras Rubber Factory Limited, The Yokohama Rubber Co. Ltd., JK Tyre & Industries Ltd., and CEAT Ltd
Contact Info:
Name: Shriram Dighe
Organization: Progressive Markets
Phone: +1-888-906-9222
Source URL: https://marketersmedia.com/automotive-tire-market-one-of-the-most-important-parts-of-a-vehicle/331154
For more information, please visit http://www.progressivemarkets.com
Source: MarketersMedia
Release ID: 331154
More News
‘Ticking bomb’: Inner-eastern rat run’s days could be numbered
The push to permanently shut a Camberwell Junction rat run is dividing locals. Parents are worried it’s only a matter of time until a serious accident but traders and local groups are pushing for an alternative.
Analysts tip a stronger hand for China ahead of Xi-Trump summit in Washington
When the presidents of the United States and China meet in Washington, the world will be watching to see whether their two countries can make good on their agreement to work towards “constructive strategic stability”. In the second part of a series, Fan Chen looks at Beijing’s stronger position going into the high-stakes visit. Beijing is poised to begin this week’s summit with Washington from a position of strength, bolstered by a flurry of recent diplomatic outreach. Chinese confidence could...
John Farnham to miss tribute in Melbourne
Health problems have force legendary singer John Farnham to miss his Melbourne tribute concert.
Man charged with murder over fatal Sydney stabbing
A man has been charged with domestic violence murder after a 90-year-old woman was allegedly stabbed to death in eastern Sydney.
What China really means when it says it’s being ‘strategic’
On September 12, Chinese President Xi Jinping met Indian Prime Minister Narendra Modi on the sidelines of the Brics summit in New Delhi. In their talks, Xi said China approached the relationship “from a strategic and long-term perspective”. He called for an objective and rational “strategic” perception. That means the two sides should treat each other as partners rather than rivals, and as opportunities rather than threats. In Chinese official and diplomatic language, the term “strategic” is...
Man arrested after allegedly pepper-spraying fellow filmgoer for using phone during movie
A 34-year-old Los Angeles man was arrested after allegedly pepper-spraying a fellow moviegoer using a cellphone at a Burbank AMC theater, leaving at least two others needing hospital treatment.
How students are picking vocational and trade subjects to boost their ATAR
Year 11 student Seth Bolt skirted general subjects he feared could bore him, and his ATAR has only thanked him, mum Tanya said.
‘Pushed, kicked, spat on’: ED staff demand 24/7 security as violence hits record levels
Victorian doctors and nurses are pushing for around-the-clock specialist security guards to be stationed at every emergency department amid an escalation in violent assaults and rising ‘horrific’ racial and sexualised verbal abuse driving staff out of the profession.
‘The white males no longer rule’: Australia’s changed, and not in a way that helps One Nation
Australia’s been transformed from the nation it was a generation ago. Only some of our politicians have been paying attention.
Julia Busuttil Nishimura's Sunday ritual
Sunday Life catches up with Julia Busuttil Nishimura at home to chat through her favourite Sunday rituals and recipes.
Could Ozempic be used to treat addiction? Why the question has split researchers
Viagra was initially developed to treat chest pain – could GLP-1s be the next addiction medicine breakthrough?
Sick of the doom and gloom? Australia can choose prosperity, if we elect to
We can make our own luck but we have to be honest enough not to rely on the dumb luck of a gambler. Take note, Jim Chalmers.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.