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Global Automotive Tire Market, by Product types (by Season Tire Type: Summer, Winter, All Season) by Rim Size (Less than 15, 15 to 20, More than 20) by Distribution Channel (OEM, Aftermarket) by Vehicle Type (Passenger Car, Commercial Vehicle, Light comme

01-04-2021 12:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: i2iresearch.com

Automotive Tire Market

Automotive Tire Market

Global Automotive Tire Market was valued at US$ 112.16 billion in 2019 and is projected to reach US$ 148.60 billion by 2025, at a CAGR of 4.1 % during the forecast period. The growth of the market is attributed to growing automotive market and increasing need of high-performance tires. However, fluctuating price of raw material, high cost of tubeless tires as compared to tube tires and high accident rate due to tire bursting are the major concern for the market.

Asia Pacific is expected to dominate in the global tire market. Growing automotive market, presence of numerous tire manufactures and development of new technologies are the major drivers in emerging economies. North America is also expected to show a significant market growth during the forecast period. Massive automotive market, high price of vehicle, high consumer spending, are the major factors driving the market in North American region. Europe is expected to be a lucrative market with major contribution from Germany, the UK, Italy, and France.

Deep analysis about Automotive Tire market status (2016-2019), competition pattern, advantages and disadvantages of products, industry development trends (2019-2025), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to downstream buyers of this industry have been analysed scientifically. This report will help you to establish comprehensive overview of the Automotive Tire Market

Report Link
For more details on “Automotive Tire” Market Report: https://i2iresearch.com/report/global-automotive-tire-market-2020-market-size-share-growth-trends-forecast-2025/

What this report Offers
This report covers an in-depth analysis of the Automotive Tire market including statistical and qualitative data points with emphasis on the market dynamics including the drivers, opportunities & restraints.

There is a coverage of market dynamics at country level in the respective regional segments. The report comprises competitive analysis with focus on key players and participants of Automotive Tire market covering in-depth data related to competitive landscape, positioning, company profiles, key strategies adopted and product-profiling with focus on market growth and potential.

To avail a copy of the sample of the Automotive Tire Market Report: https://i2iresearch.com/report/global-automotive-tire-market-2020-market-size-share-growth-trends-forecast-2025/

Key Segmentations in this report
Global Automotive Tire Market, by Players
• Bridgestone Corporation
• Continental corporation
• MICHELIN
• Pirelli Tyre C. S.p.A.
• The Goodyear Tire & Rubber Company
• Toyo Tire Corporation
• Sumitomo Rubber Industries Ltd
• he Yokohama Rubber Co.
• Hankook Tire & Technology
• Nokian Tyres

Global Automotive Tire Market, By Product Types
By Season Tire Type:
• Summer
• Winter
• All Season

By Rim Size:
• Less than 15
• 15 to 20
• More than 20

By Distribution Channel:
• OEM
• Aftermarket

By Vehicle Type:
• Passenger Car
• Commercial Vehicle
• Light commercial
• Heavy commercial
• Electric Vehicle

For a detailed table of content of the Automotive Tire Market Report: https://i2iresearch.com/report/global-automotive-tire-market-2020-market-size-share-growth-trends-forecast-2025/

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