Press release
Automotive Tire Market | Game-Changing Technology in Automotive Sector: The Future of Tires in Vehicles
Automotive Tire Market 2020-2030
Download Report Sample (77 Pages PDF with Insights) https://www.alliedmarketresearch.com/request-sample/924
The key players profiled in the automotive tire market include Bridgestone Corporation, Continental AG, Pirelli & C. S.p.A, Michelin, The Goodyear Tire & Rubber Co., Sumitomo Rubber Industries, Ltd., Madras Rubber Factory Limited, The Yokohama Rubber Co. Ltd., JK Tyre & Industries Ltd., and CEAT Ltd.
The global automotive tire market is expected to reach $306 billion by 2022, according to a new report published by Allied Market Research. Asia-Pacific accounted for approximately 43% share of the automotive tire market in 2015 and is expected to continue to dominate during the analysis period.
Enquire More About This Report @ https://www.alliedmarketresearch.com/purchase-enquiry/924
Increase in sales of automotive vehicles, rise in competition among tire manufacturers, enhancement of manufacturing processes, and increase in operating life of automobiles fuel the automotive tire market. However, growing market of retreading tires, and fluctuation in cost of raw materials could restrict the growth of this market. Moreover, rise in sales of automobiles across the globe is expected to unfold various opportunities for the key players.
By vehicle type, the automotive tire market includes two wheelers, passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger car tire is the fastest growing segment of tire market, globally; and is projected to garner a CAGR of 7.6% during the forecast period. However, the two wheeler segment is estimated to garner the highest CAGR of 7.8%. Asia-Pacific accounted for the largest revenue share in 2015, occupying a market share of around 42% and is expected to grow at a CAGR of 7.4%.
Browse Complete Report & TOC @ https://www.alliedmarketresearch.com/automotive-tire-market
Avenue | The Market Research Library Access
Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.
Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.
Sign up and start using your 14-day free trial: https://www.alliedmarketresearch.com/avenueTrial#utm_source=pr&utm_medium=gnw&utm_campaign=shreyas
By type, the tire market is further bifurcated into radial tire and bias tire. The radial tire segment generated the maximum revenue in 2015 and is expected to grow at a faster rate. However, the bias tire segment is anticipated to garner the highest CAGR of 7.9% during the analysis period.
Key Findings of Automotive Tire Market
o In 2015, passenger cars segment generated a revenue of $79 billion, and is expected grow at a CAGR of 7.6% and maintain its dominant position throughout forecast period.
o In 2015, radial tire segment generated the maximum revenue of $145 billion and is expected to maintain its dominant position throughout the forecast period.
o Bias tire segment is anticipated to witness the highest growth rate, at a CAGR of 7.9%.
o In 2015, Asia-Pacific dominated the automotive tire market, generating revenue of $78 billion.
Similar Report We Have:
ATV-UTV Tire Market Report | https://www.alliedmarketresearch.com/atv-utv-tire-market-A05985
Advanced Tires Market Report | https://www.alliedmarketresearch.com/advanced-tires-market
Automotive Tubeless Tire Market Report | https://www.alliedmarketresearch.com/automotive-tubeless-tire-market
Pneumatic Tire Market Report | https://www.alliedmarketresearch.com/pneumatic-tyre-market
Green Tire Market Report | https://www.alliedmarketresearch.com/green-tire-market
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Automotive Tire Market | Game-Changing Technology in Automotive Sector: The Future of Tires in Vehicles here
News-ID: 1939596 • Views: …
More Releases from Allied Market Research
Bridging Healthcare Gaps: LAMEA Medical Software Market Surges Amidst Technologi …
In the dynamic landscape of healthcare, technological innovations play a pivotal role in enhancing patient care, streamlining operations, and driving efficiency. Within the Latin America, Middle East, and Africa (LAMEA) region, the medical software market is experiencing a remarkable surge, propelled by the convergence of cutting-edge technologies and evolving healthcare needs. This surge underscores the region's commitment to leveraging digital solutions to address healthcare challenges and foster inclusive healthcare access.…
Revolutionizing Healthcare: Protein Engineering Market Soars with a CAGR of 13.2 …
The global protein engineering market witnessed a remarkable rise, surging from $2.2 billion in 2022 to a projected $7.7 billion by 2032, with a robust Compound Annual Growth Rate (CAGR) of 13.2% between 2023 and 2032. This surge is attributed to the expanding applications across biopharmaceuticals, industrial sectors, and research domains. Notably, the escalation in cancer cases plays a pivotal role in propelling market growth, as protein engineering spearheads the…
Tomato Puree Market Value Projected to Expand | $7.7 Billion by 2032 With CAGR o …
The tomato puree market was valued at $5.2 billion in 2022, and is estimated to reach $7.7 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032. Tomato puree is a thick liquid or paste made by cooking and straining tomatoes to remove seeds and skins. It is a concentrated form of tomatoes that retains the rich flavor and vibrant color of the tomatoes. In the process…
Olive Oil Market to Witness Robust Expansion | $30.2 Billion by 2032
The olive oil market size was valued at $18.6 billion in 2022, and is estimated to reach $30.2 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.
The Olive Oil Industry is driven by a rise in the number of cooking shows and food blogging. Celebrity chefs and influencers often showcase olive oil as a star ingredient in various culinary creations, emphasizing its versatility and health benefits.…
More Releases for Tire
Pneumatic Tire Market Worth Observing Growth | The Yokohama, Michelin, Continent …
Key Findings of Pneumatic Tire Market
• The growth of the global pneumatic tire market would be supplemented by the growing automobile sector
• The segment of radial tires accounts for the higher sales in the pneumatic tire market owing to their various advantages over cross ply tires, which include longer durability, improved performance and better mileage
• Asia Pacific is the biggest tire market and would maintain its position over the forecast period.
Download FREE Report…
Run Flat Tire Market Research Report | Top players Cooper Tire & Rubber Company, …
The global run flat tire market to gain momentum from the increasing production of commercial and passenger vehicles. Besides, these tires enable drivers to travel to the nearest service center safely, even if there is persistent loss of air from the tires. With the help of these tires, cars can be driven up to around 80km at an average speed. Fortune Business Insights(TM) provided this information in a recent report,…
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi …
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions.
Tire recycling, or rubber recycling, is the process of…
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 – 2025 | …
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and…
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole …
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Tire derived Fuel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.…
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…
