Advanced Tires Market to See Promising Growth Ahead| Continental , Bridgestone , Michelin , Goodyear
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Global advanced tires market is valued approximately USD 136 million in 2017 and is anticipated to grow with a healthy growth rate of more than 16.8% over the forecast period 2018-2025.
Increasing demand of advanced technologies such as increasing demand for connected and autonomous technologies in automotive sector is expected to drive the market growth. Advanced tires comprise technologies including RFID chips, self-inflating, multi-chamber, and all-in-one tires. These technologies are expected to increase demand for advanced tires across the globe. Increasing industry standard for advancing advanced tire are also a driving factor for the market growth.
For instance as per RAIN RFID Alliance in 2018, ISO/NP 20909 - Radio frequency identification (RFID) tire tags, SO/NP 20910 - Coding for Radio frequency identification (RFID) tire tags, ISO/NP 20911 - Embedding methods for Radio frequency identification (RFID) tire tags and ISO/NP 20912 - Testing methods for Radio frequency identification are some of the standards that also contributes in the advancement of automotive tires.
On the basis of segmentation, the Advanced Tires market is segmented into On-Highway Vehicle Type, Technology Type, Off-Highway Vehicle Type, Niche Technology, Material Type and Type segments. On-Highway Vehicle Type segment includes LDV and HDV, Technology Type segment is divided into Chip-Embedded Tires, Self-Inflating Tires, Multi-Chamber Tires and All-In-One Tires). Moreover, Off-Highway Vehicle Type is categorized into In-Vehicle and External Cloud Ser Agricultural Tractors, Construction & Mining Equipment and industrial Equipment, Niche Technology includes 3D Printed Tires Autonomous Vehicle Advanced Tires, Material Type includes Natural Rubber, Synthetic Rubber Steel, Elastomers and Other Materials and Type is categorized into Pneumatic Tires, Run-Flat Tires and Airless Tires.
The regional analysis of Global Advanced Tires Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the dominating region across the world in terms of market share region over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Key Segments Studied in the Global Advanced Tires Market
Professional Key players:
• Hankook Tire
• Toyo Tire & Rubber Co. Ltd.
Global Advanced Tires Market Size study,
By On-Highway Vehicle Type (LDV and HDV)
By Technology Type (Chip-Embedded Tires, Self-Inflating Tires, Multi-Chamber Tires and All-In-One Tires)
By Off-Highway Vehicle Type (In-Vehicle and External Cloud Ser Agricultural Tractors, Construction & Mining Equipment and industrial Equipment) Niche Technology (3D Printed Tires Autonomous Vehicle Advanced Tires)
By Material Type Natural Rubber, Synthetic Rubber Steel, Elastomers and Other Materials)
By Type (Pneumatic Tires, Run-Flat Tires and Airless Tires)and Regional Forecasts 2018-2025
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx
A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning
Economic Consequences of the COVID-19 Outbreak on Market: The Study Explore COVID 19 Outbreak Impact Analysis & Conclusion by Economic Impact & Risk Factors
• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.
Key Market Features in COVID-19 Outbreak:
The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.
Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
(Get Special Discount Up To: 30% to 40% Discount)
Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
- Detailed Overview of market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of market?
- SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
- What growth momentum or acceleration market carries during the forecast period?
- Which region is going to tap highest market share in future?
- What Application/end-user category or Product Type may see incremental growth prospects?
- What would be the market share of key countries like United States, France, UK, Germany, Italy, Canada, Australia, Japan, China or Brazil etc.?
- What focused approach and constraints are holding the market tight?
- What impact of COVID-19 lockdown on consumers' awareness, behavior, and attitudes?
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Key Points Covered in Advanced Tires Market Report:
Chapter 1 COVID-19 Outbreak-Global Advanced Tires Market Business Overview
Chapter 2 Major Breakdown by Type
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix
……..and view more in complete table of Contents
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