Press release
Ongoing Study Reveals Key Factors that will Drive the Growth of Automotive Tire Market till 2026 along with Top Key Players: MRF Tyres, JK Tyre & Industries Ltd., Continental AG, Bridgestone Corporation, Sumitomo Rubber Industries Ltd., Michelin Group
Automotive Tire Market
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Automotive Tire Market is anticipated to reach around USD 453.7 billion by 2026 according to a new research published by Polaris Market 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 market.
Leading companies profiled in the Automotive Tire Market report includes: -
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.
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.
These players operating in the 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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In 2017, Asia-Pacific accounted for the highest share in the 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.
TOC of Automotive Tire Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Automotive Tire Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!
About Us:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact Us:
Mr. Neel
Corporate Sales, USA
Polaris Market Research and Consulting
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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