Press release
Global Automotive Tire Market Should Grow to Over US$ 340 Bn in 2022 - Fact.MR
Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Automotive Tire MarketForecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the globalautomotive tire market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.Request For Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=12
With a strong focus on fuel efficiency, and demand for low-rolling resistance tires, along with stringent environment regulations, the global market for automotive tires is likely to witness an upsurge in the near future. The market is also expected to benefit from increasing prevalence of green tires on the back of rapidly growing concerns associated with overflowing landfills of scrap tires, and inadequate recycling efforts. OEMs are now focusing on performance and efficiency of tires as imperative engineering parameters. Fact.MR offers a detailed analysis on the global automotive tire market in its recent research for the forecast period 2017 to 2022.
China Remains Lucrative in the Global Automotive Tire Market
The dominance of China in the global automotive market can hardly be overstated. The country sells more automobiles than the U.S. and Japan combined and is a force to be reckoned with in the industry. Almost all the global players have a major presence in the country and it is vital to their future prospects. Pilot runs of new cars and R&D of emergent technologies are all carried out keeping China’s requirements in mind and it will have a massive impact on the automotive tire market. China is anticipated to remain the most important automotive tire market for some time to come and global OEM’s are advised to work in close collaboration with their partners and suppliers in the country. Largely due to China, the global automotive tire market should grow to over US$ 340 billion in 2022 from a value of slightly below US$ 270 billion in 2017 – recording a CAGR of 5.1%.
Two-wheelers and LCV to Drive the Automotive Tire Market
The LCV segment is estimated to be worth nearly US$90 billion by end 2022 while the two-wheeler market is poised to procure two third of this value by that year. Therefore, these segments of the automotive tire market are critical for key stakeholders to target and it would be safe to say that they are far more important than either the PC or M&HCV segment. Unsurprisingly, the fast-growing, populous APEJ region is the largest contributor to both these segments in the automotive tire market.
M&HCV and OTR Segments May Need Customized Approach
While two-wheelers and LCV are the bulk of the automotive tire market, the M&HCV can be overlooked entirely as it is assessed to grow with a sluggish CAGR. Even the OTR segment could represent a lucrative opportunity to provide customized products in the automotive tire market as it is assessed to grow to slightly over US$ 13 billion in 2022.
Browse Full Report with TOC @https://www.factmr.com/report/12/automotive-tire-market
Table of Content
Chapter 1 .Global Tyre Market - Executive Summary .22
Chapter 2 .Global Tyre Market Overview .24
2.1 .Introduction .24
2.1.1 .Global Tyre Market Taxonomy .24
2.1.2 .Global Tyre Market Definition .24
2.2 .Global Tyre Market Size (US$ Mn) and Forecast, 2012-2022 .24
2.2.1 .Global Tyre Market Y-o-Y Growth .24
2.3 .Global Automotive Tyre Market: Macroeconomic Factors .25
2.3.1 .Economic Outlook .25
2.3.2 .International Policy .25
2.3.3 .Profitability of Enterprises .26
2.3.4 .Increasing Purchasing Power of Middle Class .26
2.3.5 .Complex Eco System .26
2.3.6 .Supply chain Issues .26
2.3.7 .End-user Sentiment .26
2.4 .Global Automotive Tyre Market Impact Factors .27
2.4.1 .Autonomous Vehicles .27
2.4.2 .The Influence of China .27
2.4.3 .Innovations in Technology .27
2.4.4 .Dilemma on Shift to New Technologies .28
2.4.5 .Disruption in Traditional Business Models .28
2.4.6 .Rising Component Costs in Developing Countries .28
2.4.7 .Shrinking Product Development Time .28
2.4.8 .Fluctuating Input costs .29
2.4.9 .Adoption of New Mobility Solutions .29
Continue…@@
Check Discount @ https://www.factmr.com/connectus/sample?flag=D&rep_id=12
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Tire Market Should Grow to Over US$ 340 Bn in 2022 - Fact.MR here
News-ID: 1020074 • Views: …
More Releases from Fact.MR

Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
The latest report on the Bioinformatics Market, projecting robust growth driven by the increasing demand for genomic research, advancements in artificial intelligence (AI), and the rising adoption of precision medicine. Valued at USD 14.29 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 13.4%, reaching USD 50.25 billion by 2034. This significant growth underscores the critical role of bioinformatics in decoding…

Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Ke …
Fact.MR today released its latest report on the Residential Robotic Vacuum Cleaner Market, projecting robust growth driven by increasing demand for automation, busy lifestyles, and advancements in smart home technologies. Valued at USD 3.0 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 11.6 billion by 2033. This significant growth highlights the rising adoption of robotic vacuum cleaners…

Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
The global brain-computer interface (BCI) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 6.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2033. This expansion reflects the increasing adoption of BCI technologies in medical applications, driven by advancements in neuroscience, AI, and sensor technologies. BCIs enable direct communication between the brain and external devices, offering…

Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2 …
The global orally disintegrating tablet (ODT) market is valued at USD 24.45 billion in 2024 and is forecasted to expand at a compound annual growth rate (CAGR) of 11.5%, reaching USD 72.68 billion by 2034. This robust growth is driven by the increasing demand for patient-friendly dosage forms, particularly among the elderly, pediatric, and dysphagic populations, who benefit from ODTs' ease of administration without water and rapid dissolution. ODTs enhance…
More Releases for Tyre
Pakistan Rubber Tyre Market : Pneumatic Rubber Tyre, Retreaded Rubber Tyre, Cush …
According to a recent report published by Allied Market Research, titled, "Pakistan rubber tyre Market by Tyre, Component, Design, and Vehicle Type: Opportunity Analysis and Industry Forecast, 2018 - 2025," Pakistan rubber tyre market size was valued at $272.10 million in 2017, and is projected to reach $1,592.90 million by 2025, registering a CAGR of 24.8% from 2018 to 2025. The radial type design segment was the highest contributor to…
Pakistan Rubber Tyre Market : Pneumatic Rubber Tyre, Retreaded Rubber Tyre, Cush …
The global Pakistan rubber tyre market size was valued at $272.10 million in 2017, and is projected to reach $1,592.90 million by 2025, registering a CAGR of 24.8% from 2018 to 2025. The radial type by design segment was the highest revenue contributor in 2017, accounting for $207.7 million, and is estimated to reach $1,196.4 million by 2025, registering a CAGR of 24.6% during the forecast period.
Download Sample Report at…
Pakistan Rubber Tyre Market : Pneumatic Rubber Tyre, Retreaded Rubber Tyre, Cush …
According to a recent report published by Allied Market Research, titled, "Pakistan rubber tyre Market by Tyre, Component, Design, and Vehicle Type: Opportunity Analysis and Industry Forecast, 2018 - 2025," Pakistan rubber tyre market size was valued at $272.10 million in 2017, and is projected to reach $1,592.90 million by 2025, registering a CAGR of 24.8% from 2018 to 2025. The radial type design segment was the highest contributor to…
Off-road Tyre Market See Huge Growth for New Normal | AEOLUS TYRE, TOYO Tyre, Co …
The latest report on the "Off-road Tyre Market" study has evaluated the future growth potential and provides information and useful stats on market structure and size. The research provides a comprehensive analysis of development trends, revenue growth, and market share for the forecast period of 2022 to 2028. It highlights an overview of the market dynamics of the Off-road Tyre market, which includes drivers, restraints, and opportunities that are influencing…
Rubber Tyre and Tube Market 2020: Key Players – General Tyre and Rubber, Servi …
Rubber Tyre and Tube Industry
Description
Wiseguyreports.Com Adds “Rubber Tyre and Tube -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025” To Its Research Database
Rubber Tyre and Tube market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Rubber Tyre and Tube market will be able to gain the upper hand as they use the report as a powerful resource. The segmental…
Pakistan Rubber Tyre and Tube Market Players to See Huge Investments Opportuniti …
Key Findings of the Pakistan Rubber Tyre and Tube Market:
o In 2017, based on channel, aftermarket generated the highest revenue.
o In 2017, by vehicle type, the commercial vehicles type was the highest revenue contributor.
o In 2017, by design, the radial segment was the highest revenue contributor.
Download Report Sample (177 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/6242
The key players analyzed in this pakistan rubber tyre and tube market report include General Tyre and Rubber Co. Ltd.,…