Press release
Global Automotive Tire Market Assessment and Key Insights Analyzed till 2022
With a strong focus on fuel efficiency, and demand for low-rolling resistance tires, along with stringent environment regulations, the global market for automotive tires is likely to witness an upsurge in the near future.To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/report/12/automotive-tire-market
The market is also expected to benefit from increasing prevalence of green tires on the back of rapidly growing concerns associated with overflowing landfills of tires, and inadequate recycling efforts. OEMs are now focusing on performance and efficiency of tires as imperative engineering parameters. Fact.MR offers a detailed analysis on the global automotive tire market in its recent research for the forecast period 2017 to 2022.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=12
Fact.MR’s report projects the revenues from global automotive tire market to reach nearly US$ 270,000 Mn in 2017. Increasing disposable income of people has resulted into an increased spending in automobiles by individuals, which in turn has fuelled the growth in demand for automotive parts such as tires. With the rapid pace of new technologies influencing the automotive sector, automakers are making huge investments in research & development activities. In addition, increasing life-spans of vehicles have led towards demand for replacement of tires globally. The report projects the global automotive tire market to register a steady expansion at 5.1% CAGR, to reach revenues worth US$ 342,209.2 Mn by 2022-end.
For comprehensive insights on this market adoption, ask an analyst here- https://www.factmr.com/connectus/sample?flag=AE&rep_id=12
Key market players identified in Fact.MR’s report includes
Bridgestone Corporation
Continental AG
Michelin North America, Inc.
The Goodyear Tire & Rubber Company
Sumitomo Rubber Industries, Ltd.
The Yokohama Rubber Co., Ltd.
Pirelli & C. S.p.A.
Madras Rubber Factory Limited
Apollo Tires Ltd.
Cheng Shin Rubber Ind. Co.
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/12/S
6 Projections of Fact.MR’s Report on Global Automotive Tire Market
Based on product type, the market is bifurcated into radial tires and bias tires. Although bias tires will remain preferred in the market, sales of radial tires are estimated to register a comparatively higher CAGR through 2022.
Sales of automotive tires in LCVs and two-wheeler vehicles are expected to register parallel expansion during the forecast period, with LCVs estimated to account for a comparatively larger revenue share than two-wheeler vehicles. In addition, sales of automotive tires in passenger cars are expected to exhibit the highest CAGR through 2022. In contrast, M&HCV segment is projected to register the lowest CAGR in the global automotive tire market.
Aftermarket will remain the largest sales channel for automotive tires, expanding at 5.3% CAGR through 2022. Revenues from sales of automotive tires through OEM are anticipated to surpass US$ 10,000 Mn by 2022-end. Asia Pacific Excluding Japan (APEJ) accounts for the largest share of automotive tire sales through OEM.
APEJ is estimated to continue its dominance in the global automotive tire market, in terms of revenues. The automotive tire market in APEJ is estimated to create a robust incremental opportunity between 2017 and 2022.
Although sales of automotive tires in North America will register a comparatively higher CAGR than Europe, Europe will account for a higher revenue share by 2022-end. In contrast, Middle East & Africa (MEA) will account for the lowest revenue share in the global automotive tire market.
For More Insights: https://www.prnewswire.com/news-releases/dredging-industry-looks-for-a-revival-in-government-contracts-factmr-study-301210878.html
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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 Global Automotive Tire Market Assessment and Key Insights Analyzed till 2022 here
News-ID: 2306039 • Views: …
More Releases from Fact.MR
Eye Care Services Market Outlook 2025-2035: Key Developments and Future Scope
The global eye care services market is poised for steady expansion through 2035 as demographic shifts, rising prevalence of refractive and retinal disorders, technological advances, and broader access to care combine to increase demand for comprehensive vision services. From routine vision screening and optical dispensing to advanced diagnostics, cataract and refractive surgeries, and retinal interventions, the market is evolving into an integrated continuum of screening, diagnosis, treatment, and post-operative care.…
Electric Boat Market Outlook 2025-2035: Innovation, Growth, and Demand Trends
The electric boat market is entering a period of accelerated growth as advances in battery and propulsion technology, rising fuel prices, tightening emissions regulations, and shifting consumer preferences for quieter, lower-maintenance vessels converge. From recreational leisure craft and ferries to workboats and short-route passenger vessels, electrification is reshaping marine propulsion - enabling operators to lower operating costs, reduce local pollution, and offer new, experience-driven services in tourism, urban water transport,…
European Breathable Films Market Forecast 2025-2035: Trends and Growth Insights
The breathable films market is set for steady growth over the 2025-2035 period as rising demand across hygiene, medical, packaging, and technical textile applications drives adoption of film technologies that combine moisture vapor transmission with liquid barrier performance. Innovations in polymer science, micro- and macro-porous structures, and multi-layer extrusion are enabling films that deliver both comfort and protection, expanding use in products such as diapers, surgical drapes, wound care dressings,…
European Beer Market Outlook 2025-2035: Innovation, Growth, and Demand Trends
The global beer market is positioned for steady, mature growth through 2035 as shifting consumer preferences, premiumization trends, evolving production technologies, and expanding on-trade and off-trade channels shape demand. While traditional mass-lager consumption remains substantial, growth is increasingly driven by craft, premium, and specialty variants, along with innovation in low- and no-alcohol formulations. Regional dynamics are evolving as Asia-Pacific and select emerging markets sustain volume growth, while North America and…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
