Press release
Latin America Tire Market Size, Industry Trends, Share and Forecast 2020-2026
The majority of the market is covered by foreign market players. Bridgestone Corp. is a major player in Latin America and operates as Latin American Tire Division (BATO LA), a part of Bridgestone Americas Tire Operations. BATO LA has five tire production plants in Latin America which include two in Brazil, and one each in Argentina, Costa Rica, and Mexico. BATO LA has the largest number of points of tire sale in Latin America, with around 2,100 locations.
Request a Free Sample of our Latin America Tire Market: https://www.omrglobal.com/request-sample/latin-america-tire-market
A major domestic manufacturer is Standard Tyres Ltd., which is the largest solid industrial tire manufacture in the region, however, it is also owned by Trelleborg AB. Foreign companies are also expanding their footprints in the region. For instance, In November 2019, Cooper Tire & Rubber Co. announced a plan to increase ownership in its joint venture ownership in Guadalajara, Mexico, from 58% to 100%.
Moreover, in April 2019 Pirelli initiated a three-year expansion in Brazil, to domestically manufacture bus and trucks tires for the country with an investment of $133 million. The expansion will allow the company to manufacture 1,000 tires for buses and trucks per day.
A full Report of Latin America Tire Market is Available at: https://www.omrglobal.com/industry-reports/latin-america-tire-market
Market Coverage
• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered-
o Vehicle Type
o Road Application
o Construction
o Tire Type
o Sales Channel
• Region Covered-
o Latin America (Mexico, Argentina, Brazil, Chile, Colombia)
• Competitive Landscape- Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., Michelin Group, Goodyear Tire and Rubber Co., Cooper Tire & Rubber Co., Trelleborg AB
Key Questions Addressed by the Report
• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Latin America Tire Market Report Segment
By Vehicle Type
• Passenger Cars
• Light & Medium Commercial Vehicle
• Heavy Commercial Vehicle
• Two-Wheeler
• Other (Construction, Agricultural, Customized Sports)
By Road Application
• All-Season Tire
• Summer Tire
• Winter Tire
• Other
By Construction
• Radial Tire
• Bias Ply Tire
By Tire Type
• Tubeless Tire
• Tubbed Tire
By Sales Channel
• OEM
• Aftermarket
Latin America Tire Market Report Segment by Geography
• Mexico
• Argentina
• Brazil
• Chile
• Colombia
• Rest of Latin America
Company Profiles
• Ceat Ltd.
• Overview
• Ceat Ltd. in Latin America
• Ceat Ltd. in Tire Landscape
• Recent Developments
• Continental AG
• Giti Tire Pte Ltd.
• Goodyear Tire and Rubber Co.
• Hankook Tire Co. Ltd.
• JKTyre& Industries Ltd.
• Michelin Group
• Pirelli & C. S.p.A.
• Sumitomo Rubber Industries Ltd.
• The Yokohama Rubber Co, Ltd.
• Toyo Tire Corp.
• Trelleborg AB (Standard Tyres Ltd.)
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/latin-america-tire-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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 Latin America Tire Market Size, Industry Trends, Share and Forecast 2020-2026 here
News-ID: 2180311 • Views: …
More Releases from ORION MARKET RESEARCH
Hydraulic Equipment Market Development, Industry Trends, Demand and Growth Analy …
The Hydraulic Equipment Market was valued at approximately USD 45.7 billion in 2023 and is expected to reach around USD 71.4 billion by 2032, growing at a compound annual growth rate (CAGR) of about 5.1% from 2024 to 2032.
Hydraulic Equipment Market Overview:
The Hydraulic Equipment market is experiencing steady growth, driven by rising demand from industries such as construction, mining, agriculture, and manufacturing. Hydraulic systems are favored for their high…
Neurorehabilitation Devices Market Size Future Scope, Demands and Projected Indu …
The Neurorehabilitation Devices Market was valued at approximately USD 1.8 billion in 2023 and is expected to reach around USD 5.2 billion by 2032, growing at a compound annual growth rate (CAGR) of about 12.5% from 2024 to 2032.
Neurorehabilitation Devices Market Overview:
The Neurorehabilitation Devices market is growing rapidly due to the increasing prevalence of neurological disorders such as stroke, Parkinson's disease, and traumatic brain injuries. These devices, including robotic systems,…
Microarray Market Analysis Current Landscape and Future Outlook
The Microarray Market was valued at approximately USD 4.7 billion in 2023 and is expected to reach around USD 8.5 billion by 2032, growing at a compound annual growth rate (CAGR) of about 6.8% from 2024 to 2032.
Microarray Market Overview:
The Microarray market is witnessing steady growth, fueled by advancements in genomics, proteomics, and personalized medicine. Microarrays are widely used for gene expression profiling, disease diagnosis, and drug discovery, making them…
Waste-to-Energy Market Accelerating Growth with Future Market Size Strategies an …
The Waste-to-Energy Market was valued at approximately USD 36.2 billion in 2023 and is expected to reach around USD 61.7 billion by 2032, growing at a compound annual growth rate (CAGR) of about 6.0% from 2024 to 2032.
Waste-to-Energy Market Overview:
The Waste-to-Energy (WTE) market is expanding steadily as global concerns over waste management and renewable energy sources continue to rise. WTE technologies offer a sustainable solution by converting municipal and industrial…
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…
