Automotive Tyre Market 2021 Research Report: Probable Key Development To Be Observed Market States And Outlook Across By 2027

According to a new report, the Global “Automotive Tyre Market” 2027 provides a comprehensive assessment of the market landscape, encompassing both the current and future status of the market. In terms of drivers, opportunities, and constraints, the research provides information on developing trends and market dynamics. The research shelters light on the evaluation of prior growth trends. It includes a market overview, key player profiling, key developments, raw material suppliers, and dealers, among other things. Market size, sales, forecast, share, industry demand, growth rate, and revenue are also included.

The report also comprises the research and development activities of these companies and provided complete data about their existing products and services. Detailed analysis of revenue generation scope and probabilities, manufacturer profile, production details, consumption patterns have been given. A detailed assessment of these factors is crucial for various market players in understanding the potential of investments across specific regional domains.

The Automotive Tyre Market positioned is performing unfaltering boom and making at a CAGR of 1.9% at a threatened factor of 2021-2027.

The Report also includes Key players in recent market trends are:

Bridgestone,GoodYear,Continental,Michelin,Sumitomo,Hankook,Pirelli,Yokohama,Zhongce Rubber,Toyo Tire Corporation,Cooper Tire,Apollo Tyres,KUMHO TIRES,Linglong Tire,MRF,Cheng Shin Rubber (Maxxis),Sailun Group,Nokian Tyres,Hengfeng Tires,Triangle Tire Group,JK TYRE,AEOLUS TYRE,Double Coin,Doublestar,Giti,Xingyuan,Guizhou Tyre,Nexen Tire

Recent Developments

In April 2021, Apollo Tires introduced a new product in cross-ply technology in India for the commercial vehicle (CV) segment.

In April 2021, JK Tire announced its partnership with JBM Auto to supply radial tires for JBM Auto’s CITYLIFE CNG and ECOLIFE electric buses.

In March 2021, Nokian Tyres PLC announced that it is increasing its production capacity for passenger car tires at the Finnish factory by around 30%.

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Impact of COVID-19:

Global Automotive Tyre Market study report investigations the effect of Coronavirus (COVID-19) on the main producers in the business. In December 2019, the principal instance of the Covid-19 infection was accounted for in China. From that point forward, the infection has spread to almost 180+ nations around the globe. The episode of Covid-19 has influenced numerous variables. This report introduction has been set up progressively speech, delivering generous consideration towards the COVID-19 flare-up that has recently unleashed remarkable harm across ventures, deteriorating development.

Market segmentation

Automotive Tyre market is split by Type and by Application. For the period 2021-2027, the growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation by type:

OE Tyres

Replacement Tyres

Market segmentation by application:

Commercial Vehicle

Passenger Vehicle

Regional Analysis:

Global Automotive Tyre Market is further classified on the basis of region as follows:

The world’s largest automotive market shrank for a third straight year as Chinese car sales declined by more than 6% in 2020. Automakers in China sold 19.29 million passenger vehicles in 2020. Whereas in April 2021, the China Association of Automobile Manufacturers (CAAM) announced that according to aggregated data of sales figures for major companies, cumulative sales from January to March reached 6.344 million units.

India is another major market in the region, with its passenger vehicle sales improving after the third quarter of the year, reaching 3,10,294 units in October 2020 compared to 2,71,737 units in the same month last year, a 14.19% growth. As per the Federation of Automobile Dealers Associations (FADA), passenger vehicle sales in November 2020 were 2,91,001 units compared to 2,79,365 units in November 2019, with a 4.17% growth.

According to the "2020 Domestic Demand for Automobile Tires" released by the Japan Automobile Tyre Manufacturers Association (JATMA), the sales of new automobile tires for vehicles in 2020 were 36,439,000 down, a 17% decrease year-to-year. The first half of 2020 was affected due to the influence of COVID-19; however, demand for new vehicle tires began to recover in the second half of the year due to strong new vehicle productions.

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Table of Contents Automotive Tyre Market

- Chapter 1: Overview of Automotive Tyre Market

- Chapter 2: Global Market Status and Forecast by Regions

- Chapter 3: Global Market Status and Forecast by Types

- Chapter 4: Global Market Status and Forecast by Downstream Industry

- Chapter 5: Market Driving Factor Analysis

- Chapter 6: Market Competition Status by Major Manufacturers

- Chapter 7: Major Manufacturers Introduction and Market Data

- Chapter 8: Upstream and Downstream Market Analysis

- Chapter 9: Cost and Gross Margin Analysis

- Chapter 10: Marketing Status Analysis

- Chapter 11: Market Report Conclusion

- Chapter 12: Research Methodology and Reference.

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Key Questions Answered in The Report:

- What is the growth potential of the global Automotive Tyre market?

- Which regional market will emerge as a frontrunner in the coming years?

- Which application segment will grow at a robust rate?

- What are the growth opportunities that may emerge in the global Automotive Tyre industry in the years to come?

- What are the key challenges that the market may face in the future?

- Which are the leading companies in the global Automotive Tyre market?

- Which are the key trends positively impacting the market growth?

The report offers significant features about the central members that are existing in the business for quite a while just as gives insights about their production design, product portfolio, and other data. The study document contains an assessment of various drivers, upcoming technologies, opportunities, market risks, restraints, market barriers, challenges, trends, competitive landscape, and segments which gives an exact picture of the growth of the global Automotive Tyre market.

Customization Available: Global Automotive Tyre Market

The Global Automotive Tyre Market report may be altered to meet your particular commerce needs. since we recognize what our clients need, we offer 25% customization for any of our Market Intelligence Data reports at no additional esteem to all of our clients.

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