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Winter Tire Market 2021 Analysis by Top Manufacturers - Bridgestone, Michelin, Continental, Goodyear, Nokian Tyres, Hankook

10-06-2021 02:34 PM CET | Industry, Real Estate & Construction

Press release from: Market Insights Reports

The Winter Tire Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.   

The global Winter Tire market is valued at 11920 million US$ in 2020 is expected to reach 13710 million US$ by the end of 2026, growing at a CAGR of 2.0% during 2021-2026.

Winter tires are tires designed for use in colder weather, snow and ice. Winter tires have more sipes than summer tires, increasing traction on snow and ice. Tires designed for winter conditions are optimized to drive at temperatures below 7 C (45 F). They are an alternative to the use of snow chains.
Winter tires are usually tires with a different rubber composition from all-weather (all-season) tires. Cold-weather tires include a greater percentage of natural rubber and silica so there is not as much hardening as found in synthetic rubber in cold conditions: they provide better traction at lower temperatures. Winter tires provide more small-tread areas, increasing traction on snow and, in wet conditions, allowing water to escape from under the tire more easily. This reduces the risk of hydroplaning. Snow/winter tires start to perform better than summer or all-season tires if temperature falls below 7C (45F), as the rubber compounds in the latter harden resulting to decreasing grip even on dry pavement Interestingly one achieves maximum grip on packed snow if the slippage/wheel spinis 40-50%, i.e. one should turn off the traction control in most modern cars for maximum traction.
Studded tires with metal pins that protrude from the tire can greatly reduce skidding and accidents on snow or ice-covered roads. In much of Scandinavia, Canada, and the US, winter tires may have metal studs to improve grip on packed snow or ice, but such tires are prohibited in certain other jurisdictions because of the damage they cause to the road surface.
A tire is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Most tires, such as those for automobiles and bicycles, provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.
The materials of modern pneumatic tires are synthetic rubber, natural rubber, fabric and wire, along with carbon black and other chemical compounds.
As for the global Winter Tire industry, the industry structure is relatively dispersion. The top 19 manufacturers occupied 75% of market share. The top five manufacturers are Bridgestone, Michelin, Continental, Goodyear and Nokian Tyres which are close to 47% totally in 2016. The Bridgestone, which has 12.32% market share in 2016, is the leader in the Winter Tire industry. The manufacturers following Bridgestone are Michelin and Continental, which respectively has 10.93% and 8.72% market share globally.

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Top Leading Companies of Global Winter Tire Market are Bridgestone, Michelin, Continental, Goodyear, Nokian Tyres, Hankook, Nizhnekamskshina, Pirelli, Cooper Tire, Yokohama, Toyo Tire, Kumho Tire, JSC Cordiant, Zhongce, GITI Tire, Triangle, Apollo, Cheng Shin, Nexen Tire, and others.

Global Winter Tire Market Split by Product Type and Applications:

This report segments the global Winter Tire market based on Types are:
Studded

Studless

Based on Application, the Global Winter Tire market is segmented into:
Passenger Tires

Light Truck/SUV Tires

Other

Along with a detailed manufacturing and production analysis, the report also includes the consumption statistics of the industry to inform about the Winter Tire market share. Consumption volume and the value analysis comprised in the report helps businesses in determining which strategy will be most helpful in expanding their Winter Tire market size. Information about the Winter Tire market traders and distributors, their contact information, import/export, trade analysis, price analysis and comparison are also provided by the report. The global Winter Tire market study report examines the market size, industry share, growth rate, key segments, CAGR, and key drivers. In addition to that data, the profiles of the Winter Tire industry key players are included in the report.

Get Up to 25% Discount on this Report at:

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Important Sections from the Table of Contents:

Global Winter Tire Market Overview
Economic Impact on Industry
Market Competition by Manufacturers
Production, Revenue (Value) by Region
Supply (Production), Consumption, Export, Import by Regions
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy, and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Winter Tire Market Forecast

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Winter Tire Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. The Winter Tire industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/01061715540/global-winter-tire-market-research-report-2020?Mode=PC

We Offer Customization On Report Based On Specific Client Requirement:
- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 15% customization equal to 60 analyst hours.
- Report in Excel + PDF format for all License types.
- Post Covid-19 Impact Analysis.

Contact US :
Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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