Automotive Tire Market by Vehicle Type (passenger car, light commercial vehicle, heavy commercial vehicle, and two wheeler), by Type (radial tire, and bias tire)

The global automotive tire market size is projected to reach $306 billion by 2022, growing at a CAGR of 7.6% from 2016 to 2022. Automotive tire covers the wheel’s rim, externally to protect it and withstand the tractive force between the road surface and vehicle. Since, it is manufactured from rubber, it provides flexible cushion, thereby, reducing the impact of vibrations and absorbing shock. The demand for tire has exponentially increased due to rise in demand for vehicles, supplementing the growth of automotive tires market.

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Moreover, intense competition between tire manufacturers to produce highly sustainable, durable, and affordable tires as well as adoption of advanced technology in the manufacturing processes is anticipated to propel the growth of this market.

However, growth in retreading tires market in which tread are replaced by worn out tires may inhibit the growth of this market; as the material cost required for the process of retreading tires is much less than manufacturing new tire. Therefore, surge in industries reclining on the retreading process of tires could prove to be a threat to this market. In addition, the fluctuation in prices of raw material such as natural rubber and reinforcing materials could hinder the growth of tire market.

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Asia-Pacific holds nearly 42% of the global market share and is expected to grow at a notable CAGR. Owing to improving economy of most of the emerging countries in this region, the manufacturing sector of automotive tires and components is enjoying growth phase.

Top Factors Impacting the Global Automotive Tire Market:

Rapid industrialization, rise in the disposable income & standard of living has led to increase in sales of luxurious passenger cars and premium segments bikes. Thus, increase in demand for vehicles has led to rise in the production of automobiles, catalyzing the growth of automotive tire industry. Moreover, mergers and acquisitions among the international and domestic vehicles manufacturers boost the growth of automotive sector, influencing the automotive tire market.

Owing to less product differentiation in tire industry, manufacturers find it difficult to maintain the brand loyalty. Thus, they compete on pricing for occupying large market share and generate revenue. This results in high competition among the key players.

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The market is principally driven by business expansion strategy; however, joint venture, merger & acquisition, product launch, and partnership are some other major strategies adopted by key players to gain competitive advantage.

Table of Contents:

Chapter: 1 Introduction

1.1 Report Description
1.2 Key Benefits for Stakeholders
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

Chapter: 2 Executive Summary

2.1 Market Snapshot
2.2 CXO Perspective

Chapter: 3 Market Overview

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Impacting Factor
3.2.2 Top Winning Strategies
3.2.3 Top Investment Pockets

3.3 Porters Five Forces Analysis
3.4 Market Share Analysis, 2015
3.5 Drivers

3.5.1 Increase Automotive Sales Across Different Segments
3.5.2 Rise in Competition Among Global Tire Manufacturers
3.5.3 Introduction of Advanced Technology in Manufacturing Process
3.5.4 Increase in Operating Life of Automobiles

3.6 Restraints

3.6.1 Growing Market of Retreading Tires
3.6.2 Fluctuating Cost of Raw Material

3.7 Opportunities

3.7.1 Improving Economy Resulting Into Favorable Conditions for Manufacturing Sector
3.7.2 Anticipated Rise in Automobile Sector

Chapter: 4 World Automotive Tire Market, By Vehicle Type

4.1 Introduction
4.2 Passenger Car Tire Market

4.2.1 Key Market Trends, Growth Factors and Opportunities
4.2.2 Market Size and Forecast
4.2.3 North America Passenger Car Tire Market, ($Million), Growth (%) 2014-2022
4.2.4 Europe Passenger Car Tire Market, ($Million), Growth (%) 2014-2022
4.2.5 Asia-Pacific Passenger Car Tire Market, ($Million), Growth (%) 2014-2022
4.2.6 LAMEA Passenger Car Tire Market, ($Million), Growth (%) 2014-2022

4.3 Light Commercial Vehicle (Lcv) Tire Market

4.3.1 Key Market Trends, Growth Factors and Opportunities
4.3.2 Market Size and Forecast
4.3.3 North America Lcv Tire Market, ($Million), Growth (%) 2014-2022
4.3.4 Europe Lcv Tire Market, ($Million), Growth (%) 2014-2022
4.3.5 Asia-Pacific Lcv Tire Market, ($Million), Growth (%) 2014-2022
4.3.6 LAMEA Lcv Tire Market, ($Million), Growth (%) 2014-2022

4.4 Heavy Commercial Vehicle (Hcv) Tire Market

4.4.1 Key Market Trends, Growth Factors and Opportunities
4.4.2 Market Size and Forecast
4.4.3 North America Hcv Tire Market, ($Million), Growth (%) 2014-2022
4.4.4 Europe Hcv Tire Market, ($Million), Growth (%) 2014-2022
4.4.5 Asia-Pacific Hcv Tire Market, ($Million), Growth (%) 2014-2022
4.4.6 LAMEA Hcv Tire Market, ($Million), Growth (%) 2014-2022

4.5 Two Wheelers Tire Market

4.5.1 Key Market Trends, Growth Factors and Opportunities
4.5.2 Market Size and Forecast
4.5.3 North America Two Wheeler Tire Market, ($Million), Growth (%) 2014-2022
4.5.4 Europe Two Wheeler Tire Market, ($Million), Growth (%) 2014-2022
4.5.5 Asia-Pacific Two Wheeler Tire Market, ($Million), Growth (%) 2014-2022
4.5.6 LAMEA Two Wheeler Tire Market, ($Million), Growth (%) 2014-2022

Chapter: 5 World Automotive Tire Market, By Type

5.1 Introduction
5.2 Radial Tire Market

5.2.1 Key Market Trends, Growth Factors and Opportunities
5.2.2 Market Size and Forecast
5.2.3 Key Player Positioning
5.2.4 North America Radial Tire Market, ($Million), Growth (%) 2014-2022
5.2.5 Europe Radial Tire Market, ($Million), Growth (%) 2014-2022
5.2.6 Asia-Pacific Radial Tire Market, ($Million), Growth (%) 2014-2022
5.2.7 LAMEA Radial Tire Market, ($Million), Growth (%) 2014-2022

5.3 Bias Tire Market

5.3.1 Key Market Trends, Growth Factors and Opportunities
5.3.2 Market Size and Forecast
5.3.3 Key Player Positioning
5.3.4 North America Bias Tire Market, ($Million), Growth (%) 2014-2022
5.3.5 Europe Bias Tire Market, ($Million), Growth (%) 2014-2022
5.3.6 Asia-Pacific Bias Tire Market, ($Million), Growth (%) 2014-2022
5.3.7 LAMEA Bias Tire Market, ($Million), Growth (%) 2014-2022

Chapter: 6 World Automotive Tire Market, By Geography

6.1 Introduction
6.2 North America Automotive Tire Market

6.2.1 Key Market Trends, Growth Factors and Opportunities
6.2.2 Market Size and Forecast

6.3 Europe Automotive Tire Market

6.3.1 Key Market Trends, Growth Factors and Opportunities
6.3.2 Market Size and Forecast

6.4 Asia-Pacific Automotive Tire Market

6.4.1 Key Market Trends, Growth Factors and Opportunities
6.4.2 Market Size and Forecast

6.5 LAMEA

6.5.1 Key Market Trends, Growth Factors and Opportunities
6.5.2 Market Size and Forecast

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