Press release
Rising Demand for Energy-Efficient Tires boost Global Tire Aftermarket, Tire Replacement Market
Tire Aftermarket, Tire Replacement Market
Browse 42 market data Tables and 40 Figures spread over 156 Pages, along with an in-depth analysis of the Global Tire Aftermarket, Tire Replacement Market by Tire Type, Rim Size, Distribution Channel, & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis with inputs from industry professionals across the value chain.
Global Tire Aftermarket, Tire Replacement Market Scenario
The tire aftermarket industry is positively influenced by fuel efficiency and reduced rolling resistance in the heavy-duty vehicle sector. Also, fuel prices fluctuate abruptly and frequently. Therefore, unpredictable price fluctuations hinder automotive component manufacturers from forecasting the demand for their products. Hence, energy efficiency has become the need of the hour for manufacturers. Installing fuel-efficient tires on their vehicles might save them money. Low-rolling resistance tires are another name for fuel-efficient tires.
Furthermore, rolling resistance is the effort required to keep a car moving at any speed, and the amount of gasoline and energy used is determined by the friction exerted on the tires. Low-rolling resistance tires require less power to keep rolling, resulting in lower total fuel consumption. Low rolling resistance tires are in great demand due to rising consumer demand, climate change, and fuel-efficient tires' lower total carbon footprint than regular tires. Hence, the need for energy-efficient tires is a growth enabler of the global tire replacement, tire aftermarket market.
The Global Tire Aftermarket, Tire Replacement Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Tire Aftermarket, Tire Replacement Market by Tire Type, Rim Size, Distribution Channel, & by Geography: https://inkwoodresearch.com/reports/tire-aftermarket-tire-replacement-market/#request-free-sample
Market Segmentation
Market by Tire Type
• Radial Tire
• Bias Tire
Market by Rim Size
• 13-15 Inches
• 16-18 Inches
• 19-21 Inches
• More than 21 Inches
Market by Distribution Channel
• Original Equipment Supplier
• Independent Aftermarket
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
Companies Profiled
• BRIDGESTONE CORPORATION
• CEAT LIMITED
• JK TYRE
• APOLLO TYRES
• TOYO TIRES
• CONTINENTAL AG
• PIRELLI & C SPA
• THE YOKOHAMA RUBBER COMPANY
• NEXEN TIRE CORPORATION
• SUMITOMO RUBBER INDUSTRIES LTD
• HANKOOK TIRE & TECHNOLOGY CO LTD
• MICHELIN
• MAXXIS
• GOODYEAR TIRES
• MRF
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