Pneumatic Tyres Market Revenue, Growth and Overview 2022-2028| Dunlop,Michelin, Bridgestone,MRF

The "Pneumatic Tyres Market" report describes in detail the demand and consumption of various products/services related to the market growth dynamics during the forecast period of 2022-2028. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown, and opportunity assessment. This global Pneumatic Tyres Market report guarantees rich data on various market opportunities. The research report covers key gaming enthusiasts within the industry, CAGR value, market drivers, restraints, and international competitive strategies from the region. The report includes strong research from expert analysts.

The global Pneumatic Tyres Market is expected to grow with a CAGR greater than 7.1% during the forecast period of 2022-2028.

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Market Overview:

Pneumatic tires are in high demand in the automotive industry. Pneumatic tires are rubber tires filled with compressed air that enhance the tire's loading capacity and improve the overall performance of the vehicle. Raw materials that are used in the manufacturing of pneumatic tires include natural rubber, synthetic rubber, carbon black, steel wire, petrochemical reinforcing materials (fabric, steel, polyester, nylon, and rayon), and fabric cord and wires. The pneumatic tire market has witnessed considerable growth primarily due to a significant increase in automobile production and a subsequent rise in the demand for tires in the replacement market.  However, the growing trend of retreading tires and fluctuating raw material prices are factors hindering the growth of the market. The market is segmented based on the type of sale, vehicle type, product type, and geography. Based on the type of sale, the market is further segmented into OEM (original equipment manufacturer) and replacement. The replacement segment accounted for the maximum revenue share in the pneumatic tire market evaluated at $143.7 billion in 2014. This segment is expected to dominate the market during the forecast period (2022-2028). Tires are basically categorized into radial and cross-ply tires, with radial holding around 68% of the total market share by value.

The major companies operating in the global Pneumatic Tyres Market outlined in the report are:

Dunlop,Michelin,Bridgestone,MRF,Goodyear,Maxxis

Recent Development:

Walker & Dunlop has acquired 9 companies, including 7 in the last 5 years. A total of 1 acquisition came from private equity firms. Walker & Dunlop's largest acquisition to date was in 2021 when it acquired The Alliant for $696M. Walker & Dunlop has acquired in 5 different US states, and 2 countries. The Company's most targeted sectors include financial services (67%) and business services (12%).

Goodyear Tire has acquired 5 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets. Goodyear Tire's largest acquisition to date was in 2021 when it acquired Cooper Tire & Rubber for $2.5B. It's largest disclosed sale occurred in 2007 when it sold Veyance Technologies to for $1.5B. Goodyear Tire has acquired in 2 different US states, and 3 countries. The Company's most targeted sectors include automotive (40%) and manufacturing (40%).

Market Segmentation by Type:

Synthetic Rubber

Natural Rubber

Fabric

Wire

Other Chemicals

Market Segmentation by Application:

Bicycle

Bus and Lorry

Car

Motorcycle

Aircraft

The study objectives of this report are:

- To study and analyze the Global Pneumatic Tyres market size (value and volume) by the company, key regions/countries, products and applications, history data from 2016 to 2021, and forecast to 2028.

- To understand the structure of Pneumatic Tyres by identifying its various sub-segments.

- To share detailed information about the key factors manipulating the growth of the market (growth

potential, opportunities, drivers, industry-specific challenges, and risks).

- To analyze the report with respect to individual growth trends, future prospects, and their contribution to the total market.

- To analyze modest developments such as expansions, agreements, new product launches, and acquisitions in the market.

- To strategically profile the key players and comprehensively analyze their growth strategies.

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Regions Are covered by the Global Pneumatic Tyres Market:

For a comprehensive understanding of market dynamics, the Global Pneumatic Tyres Market is analyzed across key geographies namely:

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, and Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

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Scope of The Report:

- The report analyses Pneumatic Tyres By Type Segment.

- The report assesses the Pneumatic Tyres By End User. 

- The Global Pneumatic Tyres have been analyzed by Region

- The key insights of the report have been presented through the frameworks of SWOT, and Market Attractiveness charts.

- The attractiveness of the market has been presented by Region, Type, and End User. Additionally, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.

- The report provides a detailed pipeline analysis developed to cure the problem of Pneumatic Tyres.

- The report tracks competitive developments, strategies, mergers, and acquisitions, and new product development.

-To take advantage of business owners, tap hard at Pneumatic Tyres research to get a thorough understanding of current momentum.

- The report presents the analysis of Pneumatic Tyres for the historical period of 2016-2021 and the forecast period of 2022-2028.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.

Customizable: The Global Pneumatic Tyres Market

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