Press release
Automotive Tire Market Report 2021: By Key Players, Application, Type, Market Share, Forecast to 2027
The global automotive tire market is valued at $121.6 billion in 2019 and is expected to reach $154 billion by 2027, with an average annual growth rate of 4.1% from 2020 to 2027. By vehicle type, the passenger car segment had the highest sales contribution in 2019. It accounts for $800.3 billion and is expected to reach $110.47 billion by 2027, with an average annual growth rate of 4.1% over the forecast period. In 2019, the Asia Pacific region is expected to occupy a major market share.A full report of Automotive Tire Market is available at: https://www.orionmarketreports.com/automotive-tire-market/30095/
Key Market Players
Some of the key players in the automotive tire market is dominated by global players and comprises several regional players. The key players in the automotive tire market are Bridgestone Corporation (Japan), Goodyear Tire & Rubber Company (United States), Continental AG (Germany), Michelin (France), and Sumitomo Rubber Industries (Japan). Bridgestone Corporation adopted the strategies of expansion and partnership to retain its leading position in the automotive tire market, whereas The Goodyear Tire & Rubber Company adopted a joint venture as a key strategy to sustain its market position.
Automotive Tire Market Segmentations
By Season Tire Type
• Summer
• Winter
• All Season
By Vehicle Type
• Passenger Car
• Commercial Vehicle
• Light commercial
• Heavy commercial
• Electric Vehicle
By Rim Size
• Less than 15
• 15 to 20
• More than 20
By Distribution Channel
• OEM
• Aftermarket
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Tire Market Report
• What was the Automotive Tire Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Automotive Tire Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Automotive Tire Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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