Booming Growth in Automotive Tires Market and Forecast to 2023 by Worldwide Top Key Manufacturers –Bridgestone, Continental, Goodyear, Hankook Tires, Maxxis Tires, MRF, Yokohama Rubber
Overview of the Global Automotive Tires Market:
The report spread across 212 pages is an overview of the Global Automotive Tires Market. These report study based on the Automotive Tires Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.
As per the market report, the major factors 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. Additionally, 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.
Get a Sample Copy of this Report @ www.marketprognosis.com/sample-request/15833 .
The aftermarket segment of Automotive Tires market constitutes of a bigger share than the OE market. Aftermarket of tires is being driven by the factor that the average age of vehicles on road is gradually increasing and the replacement tires needed due to the increased longetivity of the age of the vehicle. The average age of vehicles on the road in the U.S. is rising, even as consumers snap up more new vehicles - a paradox attributable to substantial increases in reliability. The typical car on the road in the U.S. is a record-high 11.5 years old. Even though the average age is skewed by the fact that the average age of vehicles decreases due to new vehicle purchases, the old vehicles on road last even longer and need more tires in their lifetime.
Regionally, Americans are buying cars at an annualized rate of more than 17 million vehicles, but are still reluctant to get rid of their old vehicles and are continuing to use them. U.S. vehicle owners bought 42% more cars than they scrapped in 2015, according to IHS. The number of light vehicles registered in the U.S. hit an all-time high of 257.9 million units. Meanwhile, the number of vehicles that are 16 to 24 years old is 44 million. That's up from 26 million in 2002, according to IHS.Since tires need to be optimally changed after every 25,000 miles and an average person in U.S drives 13,476 miles in a year on average, there’s a need for the tires to be changed every 1.8 years approximately.
This comprehensive Automotive Tires Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
Purchase this report online with 212 Pages, Top Key Players Analysis and List of Tables & Figure @ www.marketprognosis.com/buyReport/15833 .
Major Key Players:
3 Cooper Tire & Rubber Company
5 Hankook Tires
6 Maxxis Tires
7 Michelin Tires
9 Pirelli & C .Spa
10 Sumitomo Tires
11 Yokohama Rubber Co., Ltd. And More………………
Any Query? Ask to our Expert @ www.marketprognosis.com/enquiry/15833 .
Table of Contents:
2 Research Methodology
3 Executive Summary
4 Key Findings Of The Study
5 Market Overview And Technology Trends
6 Market Dynamics
7 Global Automotive Tires Market, By Tire Type
8 Global Automotive Tires Market, By End Consumers
9 Global Automotive Tires Market, By Vehicle Type
10 Global Automotive Tires Market, By Geography
11 Competitive Landscape
12 Key Vendor Analysis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
ProgMark Pvt. Ltd.
Thane – 421501
+1 973 241 5193
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Booming Growth in Automotive Tires Market and Forecast to 2023 by Worldwide Top Key Manufacturers –Bridgestone, Continental, Goodyear, Hankook Tires, Maxxis Tires, MRF, Yokohama Rubber here
News-ID: 1747915 • Views: 264
More Releases from Market Prognosis
5G Technology Market is Expected to Grow at 67.44% CAGR by Forecast to 2026 | Gl …
Global 5G Technology Market is accounted for $33.67 billion in 2017 and is expected to reach $3482.89 billion by 2026 growing at a CAGR of 67.44% during the forecast period. Some of the key factors influencing the market growth include Rapid growing demand for high internet speed in order to get real time response, increasing demand for broadband services over mobile networks. However, lack of skilled engineers to install and
Automotive Paints & Coatings Market 2019 Sparkling with CAGR of 4.3% | Top Playe …
Global Automotive Paints & Coatings Market is accounted for $19,112.56 million in 2017 and is expected to reach $28,159.40 million by 2026 growing at a CAGR of 4.3% during the forecast period. The major driving factors of automotive paints & coatings market are constant improvement in their property and functionality, increase the durability, presentation, and performance of end-products. However, difficulty in sourcing the raw material and volatile prices of raw
Automated Test Equipment Market 2019 to Perceive Exponential Growth at CAGR 3.4% …
Global Automated Test Equipment is accounted for $4.74 billion in 2017 and is expected to reach $6.40 billion by 2026 growing at a CAGR of 3.4% during the forecast period. Increasing adoption of system-on-chip and high demand for consumer electronics are expected to be the key factors driving the market growth. However, high capital investments, coupled with difficulty in interfacing the device under test (DUT) and high associated costs with
Delivery Robots Market is Trending with CAGR of 13.3% by 2026, Key Players- Amaz …
Global Delivery Robots is accounted for $ 10.50 million in 2017 and is expected to reach $ 32.31 million by 2026 growing at a CAGR of 13.3% during the forecast period. The reduction in the cost of last-mile deliveries is the driving factor for the market growth. However, the low speed will affect the operational efficiency and it would result in the high cost of delivery is the major factor
More Releases for Tire
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty …
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derived
Tubeless Tire Market is Booming Worldwide | BFGoodrich, NITTO TIRE, Kumho, GITI …
HTF MI recently introduced Global Tubeless Tire Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Toyo Tire & Rubber, BFGoodrich, NITTO TIRE, Kumho, GITI Tire, Maxxis,
Global Aerospace Tire Market 2018 - Desser, Dunlop, Goodyear, Petlas Tire
Apex Market Reports, recently published a detailed market research study focused on the “Aerospace Tire Market” across the global, regional and country level. The report provides 360° analysis of “Aerospace Tire Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Aerospace Tire on
Global Automotive Tire Market 2017 - Bridgestone, Continental, Cooper Tire
The report entitled Global Automotive Tire Market 2017 presents key insights into the global Automotive Tire market along with the latest up-to-date industry details and forthcoming Automotive Tire industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Automotive Tire Market 2017" is to study comprehensive details of the market
Global Tire Cord and Tire Fabrics Market 2015 - 2020
The report covers forecast and analysis for the Tire Cord and Tire Fabrics market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on volume and revenue (USD Million). The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of
Belle Tire Passes AGRSS Validation
Belle Tire Auto Glass hosted a third party Automotive Glass Replacement Safety Standard (AGRSS) validation on Monday, January 18, 2010 and was found to be 100% compliant with the standard. This crowning achievement comes as the automotive glass division recently celebrated its second anniversary. In announcing the validation result, John Cox, of Belle Tire Auto Glass stated, “Proving compliance with the safety standard through a third party validation firm is the