Press release
Global Winter Tires Market: Michelin, Bridgestone, The Goodyear Tire & Rubber
This report presents the worldwide Winter Tires market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Winter tires are designed to be used in cold weather and in snowy and icy pavements. These tires have a larger gap tread for increasing traction on snow and mud. Winter tires are an ideal fitment in regions having temperature below 45 F, thereby increasing their adoption in the automotive industry. The developments in rubber technologies have led to the development of studless winter tires.
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Emerging trends in the market such as the increased use of bio-oils in the manufacturing process of tires would help to boost the growth in the light of demand for ecological tire manufacturing process. Orange oils, extracted from orange peels, are used in the process to help reduce the amount of petroleum used in tires. In addition, the tire market has also witnessed an increase in R&D investments. The use of nanotechnology is a recent invention used in the manufacture of tires. In addition, the demand of retreading of tires is increasing by a considerable rate. The retreading of tires helps to reduce the operating cost significantly in the aftermarket, as it helps to prevent the tires from a complete replacement, and thereby is a cost effective option. The casings can help to provide multiple life cycles, saving a significant amount especially for the fleet operators in the commercial vehicle market.
The Winter Tires market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Winter Tires.
The following manufacturers are covered in this report:
Michelin
Bridgestone
The Goodyear Tire & Rubber
Continental Aktiengesellschaft
Pirelli
The Yokohama Rubber
Sumitomo Rubber
Toyo Tire & Rubber
Hankook Tire
Cooper Tire & Rubber
Triangle Tyre
Nokian Tyres
Cheng Shin Rubber
Kumho Tire
N.V. Apollo Vredestein BeLux
Giti Tire
Hangzhou Zhongce Rubber
Nizhnekamskshina Joint Stock
Nankang Rubber Tire
Nexen Tire
Winter Tires Breakdown Data by Type
Performance
Studded
Non-Studded
Winter Tires Breakdown Data by Application
Passenger Car (PC)
Light Commercial Vehicle (LCV)
Medium & Heavy Commercial Vehicle (M&HCV
Winter Tires Production by Region
United States
Europe
China
Japan
Other Regions
Other Regions
Winter Tires Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
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The study objectives are:
To analyze and research the global Winter Tires status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Winter Tires manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Winter Tires :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Winter Tires market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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