Press release
Global Auto Tyre Market to Witness a Pronounce Growth During 2023
Auto tyre is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Auto tyres provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.
Europe is the largest consumption market while it is also a larger supplier of auto tyres. Based on the high-developed automotive industry, the auto tyre industry started early and three of the top five auto tyre manufacturers set their headquarters in Europe. They are France based Mechilin, Germany based Continental AG and Italy based Pirelli.
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Global Auto Tyre Market: Forecast by Type / Application / Region
U.S. is the second largest market of auto tyres. With the fast development of automotive industry in last century, many manufacturers built plants in US, Canada and Brazil to meet this market demand. Likely, Japan is also a major supplier of auto tyres, with its mature auto tyre industry and developed manufacturing industry.
In the global market, the cooperation and acquisition between companies is common. When come into a new market, cooperation with domestic companies is a good way to occupy the market share. Through this way, companies can make use of resource adequately.
Over the next five years, LPI(LP Information) projects that Auto Tyre will register a 2.1% CAGR in terms of revenue, reach US$ 183800 million by 2023, from US$ 162000 million in 2017.
Global Auto Tyre Market: Key Players
Bridgestone
Michelin
Goodyear
Continental
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
GITI Tire
Cooper Tire
Kumho Tire
Toyo Tire
MRF
Apollo Tyres
Triangle Group
Nexen Tire
Hengfeng Rubber
Shandong Linglong
Double Coin
Jinyu Tyre
Sailun Tires
Shandong Deruibo
Shengtai Tyre
PT Gajah
Ceat
BRISA
Qingdao Doublestar
Jiangshu Tongyong
Guizhou Tyre
South China
Shandong Hengyu
Kenda Rubber
Double Happiness
Nankang Rubber
Aeolus Tyre
Birla Tyres
Xingyuan Tyre
Chaoyang Tyre
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Related Information:
United States Auto Tyre Market Research Report 2018
Europe Auto Tyre Market Research Report 2018
North America Auto Tyre Market Research Report 2018
Asia-Pacific Auto Tyre Market Research Report 2018
China Auto Tyre Market Research Report 2018
EMEA Auto Tyre Market Research Report 2018
Global Auto Tyre Market Research Report 2018
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