High-performance Tires Market Revenue Strategy and Business Planning Research by (2021-2027) | Pirelli & C. SpA, MRF Limited, Michelin

Report Ocean publishes a new report on the global High-performance Tires Market. The global High-performance Tires Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global High-Performance Tires Market to reach USD 48.2 billion by 2027. Global High-Performance Tires Market is valued approximately at USD 31 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2021-2027.

Advanced technologies, such as silica compounds and additives, are used to create high-performance tires. These tires are built to provide superior traction, quick reaction, and excellent ride handling. For improved road traction, these tires have a broader tread.

The demand for high-performance tires has increased as the demand for high clearance and powerful vehicles, such as SUVs, has increased. The increase in the number of youthful consumers, who are seeking high-performance rides, is driving up demand for high-performance tires for automobiles. High-performance tires increase vehicle safety by having a shorter stopping distance, lateral grip, and high wet traction.

Consumers' increasing need for fuel economy has driven the market for high-performance tires. For instance, as per Statista, the number of SUVs on the road globally increased by nearly ten times from 2009 to 2019, hitting 200 million vehicles in 2019. SUVs accounted for 29.6 million global automobile sales in 2020, with electric SUVs accounting for an additional 1.1 million units sold. However, an increase in the prices of vehicles due to increased technology may impede market growth over the forecast period of 2021-2027.

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global High-performance Tires Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global High-performance Tires Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the High-performance Tires Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the High-performance Tires Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on High-performance Tires Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The study covers the fundamental aspects of the Global High-performance Tires Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the High-performance Tires Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the High-performance Tires Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The High-performance Tires Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The High-performance Tires Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global High-performance Tires Market are:

Hankook Tire & Technology Co. Ltd
Bridgestone Corporation
Goodyear Tire & Rubber Company
Sumitomo Rubber Industries Ltd
Kumho Tire Co. Inc
Yokohama Rubber Co. Ltd
Continental AG
Pirelli & C. SpA
MRF Limited
Michelin

Scope of the Report

The global High-performance Tires Market segmentation focuses on:

By Tire type:
Racing Slick
Tread Tires
Other Tire Types

By Sales Channel Type:
OEM
Replacement/Aftermarket

By Vehicle type:
Racing Cars
Off-the Road Vehicles
Other Vehicle Types

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