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Automotive Tire Market to grow at a CAGR of 5.6 percent during the forecast period, Drivers, Growth Hubs, Market Share, New Market Opportunities, Trends
Automotive Tire Market
Automotive Tire Market Scope and Research Methodology
The report on Automotive Tire Market provides a comprehensive analysis that includes key insights of the industry. It includes the major drivers and applications of the market, challenges and restraints to its growth and opportunities in developed and developing economies. Automotive Tire Market size is estimated using a bottom-up approach in the report.
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The key players in this market are focusing on mergers and acquisitions with one another to access the technologies with both parties. The in-depth analysis of the market is done through segments such as tire structure type, aspect ratio, vehicle type, material used in the tire and sales channel. The analysis with tools such as SWOT and PORTER's five force model of the data collected by primary and secondary research methods. The report includes information with the present and future trends of the Automotive Tire Market.
Automotive Tire Market Dynamics
To increase efficiency and provide quality tires, key vendors are investing on research and development of Automotive Tire Market. To improve service, increase revenue and to expand client reach, multiple key leaders are working with online retail services which is expected to drive the Automotive Tire Market growth. The market is expected to be driven by increased automobile production and increasing demand for passenger cars throughout the forecast period. Volatile prices of natural rubber and environmental concerns for disposal of tires are expected to hamper the Automotive Tire Market growth.
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Automotive Tire Market Regional Insights
The Asia Pacific automobile tire market held the highest share of 40 percent in 2021 and is expected grow at a CAGR of 6 percent over the forecast period. This growth is attributed to emerging economies such as China and India which are expected to fuel regional growth due to fast-expanding domestic consumption, shifting standards, inexpensive labor and a large population base.
Automotive Tire Market Segmentation
By Type: Radial Pedal, Bias
By Section Width: 230mm
By Sales channel: OEM, Aftermarket
By Material: Synthetic Rubber, Natural Rubber
By Aspect Ratio: 35 - 55, 60 - 70, 75 - 85
By Season: Winter Tire, All-season Tire
By Vehicle Type: Passenger Cars, Light Bias Ply, Heavy Bias Ply
By Ply: Radial Ply, Bias Ply
By Tube: Tubed Tire, Tubeless Tire
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Automotive Tire Market Key Players Include
Bridgestone Corporation, Continental AG, Michelin, The Goodyear Tire & Rubber Company, Pirelli & C.S.p.A., Apollo Tyres Ltd., CEAT Ltd., China National Tire & Rubber Co. Ltd., Cooper Tire & Rubber Co., Ltd., Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, JK Tyre & Industries Ltd., Kumho Tire Co., Inc., Nexen Tire Corporation, Nokian Tyres plc, Qingdao Fullrun Tyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire & Rubber Co., Ltd., Yokohoma Tire Corporation, Maxxis International, Cheng Shin Rubber Industry Co.
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by Process, Vertical, Enterprise and Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
Table of Content for Automotive Tire Market:
Global Automotive Tire Market: Research Methodology
Global Automotive Tire Market: Executive Summary
Market Overview and Definitions
Introduction to Global Automotive Tire Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Automotive Tire Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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Global Automotive Tire Market Segmentation
Global Automotive Tire Market, by Type (2021-2029)
Global Automotive Tire Market, by Section Width (2021-2029)
Global Automotive Tire Market, by Sales channel (2021-2029)
Global Automotive Tire Market, by Material (2021-2029)
Global Automotive Tire Market, by Aspect Ratio (2021-2029)
Global Automotive Tire Market, by Season (2021-2029)
Global Automotive Tire Market, by Vehicle Type (2021-2029)
Global Automotive Tire Market, by Ply (2021-2029)
Global Automotive Tire Market, by Tube (2021-2029)
Regional Automotive Tire Market(2021-2029)
Regional Automotive Tire Market, by Type (2021-2029)
Regional Automotive Tire Market, by Section Width (2021-2029)
Regional Automotive Tire Market, by Sales channel (2021-2029)
Regional Automotive Tire Market, by Material (2021-2029)
Regional Automotive Tire Market, by Aspect Ratio (2021-2029)
Regional Automotive Tire Market, by Season (2021-2029)
Regional Automotive Tire Market, by Vehicle Type (2021-2029)
Regional Automotive Tire Market, by Ply (2021-2029)
Regional Automotive Tire Market, by Tube (2021-2029)
Regional Automotive Tire Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Maximize Market Research is leading Automotive and Transportation market research firm, has also published the following reports:
Tire Cord and Tire Fabrics Market- Global Industry Analysis and Forecast (2022-2029) - know more: https://www.maximizemarketresearch.com/market-report/global-tire-cord-and-tire-fabrics-market/55285/
Automotive Smart Tire Market- Global Industry Analysis and forecast 2022 - 2029 - know more: https://www.maximizemarketresearch.com/market-report/global-automotive-smart-tire-market/70519/
Aircraft Tires Market: Global Industry Analysis and Forecast (2021-2027) - know more: https://www.maximizemarketresearch.com/market-report/global-aircraft-tires-market/27423/
Global Automotive Tire Socks Market - Forecast and Analysis (2020-2027) - know more: https://www.maximizemarketresearch.com/market-report/global-automotive-tire-socks-market/76375/
Two Wheeler Tires Market: Global Industry Analysis and Forecast (2022-2029) - know more: https://www.maximizemarketresearch.com/market-report/global-two-wheeler-tires-market/35870/
Automotive Wheel Market - Global Industry Analysis and Forecast (2022-2029) - know more: https://www.maximizemarketresearch.com/market-report/automotive-wheel-market/11013/
Airless Tires Market: Industry Analysis and Forecast (2022-2029) - know more: https://www.maximizemarketresearch.com/market-report/airless-tires-market/12119/
High Performance Wheels Market- Global Industry Analysis and Forecast (2022-2027) - know more: https://www.maximizemarketresearch.com/market-report/global-high-performance-wheels-market/82260/
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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