Press release
Global Winter Tires Market: Growth factor with Key Drivers, Industry Research, Regional Forecast, Top Players, Key Companies and End User Analysis by 2025
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.
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.
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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
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
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