Press release
Auto Tire Market 2021 Precise Scenario Covering Trends, Opportunities and Growth Forecast 2027 | Bridgestone, GoodYear, Continental
The main drivers of the automotive pneumatic market are increasing average vehicle life, increasing kilometres a year, increasing maintenance and safety concerns, technical progress that lead to a longer tyre life and other considerations.Asian-Pacific manufacturers such as BMW AG (Germany) or Volkswagen Group (Germany) have established production units in the area as a hub for vehicle production. The huge investments in asia-Pacific have been driven by variables such as the low cost of production, the availability of economic work, the clean emissions and the safety standards and the FDI governmental efforts.Auto Tire Market is projected to grow at a CAGR of 1.8% to reach a market size of USD 113.1 billion by 2027 from 101.7 billion in 2021
Top Key Players Profiled in This Report: Bridgestone, GoodYear, Continental, Michelin, Sumitomo, Hankook, Pirelli
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The Global Auto Tire Market Report offers critical insights into the industry's market potential, trends, and competitive landscapes. The Market report goes into great detail about how to read forecast periods precisely, how to evaluate hard themes, and how to estimate the future. TheMarket Size report provides crucial information about the current total valuation of this industry, as well as market segmentation and growth opportunities across this business vertical.
Auto Tire Market, By Segmentaion:
Market segment by Type, covers
OE Tire
Replacement Tire
Market segment by Application can be divided into
Passenger Vehicle
Commercial Vehicle
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To study the worldwide and major regions market potential and advantage, opportunity and challenge, constraints and risks, define, characterise, and forecast market growth by type, application, and region. The Auto Tire Market research study gives you a complete picture of the industry. It also forecasts economic growth to assist business owners in selecting the appropriate industry for them. The report then goes on to detail how the COVID-19 Pandemic has impacted a variety of businesses.
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