The Global Tires Market is projected to experience significant growth, reaching a market value of USD 121.64 Bn to USD 169.06 Bn by 2029, with a CAGR of 4.2 Percent during the forecast period.

Tires Market Report Scope and Research Methodology:

The comprehensive report provides a detailed analysis of the global tires market, covering market values, market dynamics, segmentation analysis, and regional insights. The report utilizes a robust research methodology, incorporating primary and secondary research methods to gather accurate and reliable data. It also includes tools such as PORTER, SVOR, and PESTEL analysis to assess the industry's micro-economic factors. The report aims to present a comprehensive view of the market to industry stakeholders, enabling them to make informed decisions.

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What are Tires Market Dynamics:

The global tire market is propelled by the rising production and sales of vehicles worldwide. The demand for low-weight cars, luxury vehicles, and commercial vehicles such as trucks and trailers drives the market's growth. The market is influenced by the increasing market for electric vehicles, driven by consumer awareness of environmental issues and regulations on emissions. Electric vehicles are becoming more appealing due to improved range, battery life, reliability, and affordability.
The COVID-19 pandemic has had a significant impact on the tire market, disrupting manufacturing operations and supply chains. The stringent lockdown measures and safety concerns have hampered sales, resulting in a drop in exports and fluctuations in raw material costs.

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Tires Market Regional Insights:

The Asia Pacific region dominates the global tire market, driven by the high production and sales of vehicles. China, with its low-cost policies and numerous manufacturing hubs, holds the largest market share in the region. The U.S. tire market is expected to grow at a CAGR of 5.4 Percent during the forecast period, with a 28 Percent market share. Europe, Germany, Japan, and Canada are also projected to experience growth in the market.

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What is Tires Market Segmentation:

By Type:

• Radial Tires
• Bias Tires
• Non-Pneumatic Tires

By Vehicle Type:

• Passenger Cars
• Commercial Cars
• Off-Road Cars

By Distribution Channel:

• OEM
• Aftermarket

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Who are Tires Market Key Players:

• Apollo Tyres Ltd
• Avon Tyres
• Bridgestone Corporation
• CEAT
• Cheng Shin Rubber Ind. Co. Ltd
• Continental AG
• Cooper Tire & Rubber Company
• Giti Tire Pte. Ltd
• Goodyear Tire & Rubber Company
• Hankook Tire Co., Ltd
• JK Tyre & Industries Ltd
• Kumho Tire Co., Inc
• Maxxis International
• Michelin
• MITAS A.S.
• MRF
• Nexen Tire Corporation
• Nokian Tyres Oyj
• Pirelli & C. S.p.A
• Shandong Linglong Tire Co., Ltd

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Table of content for the Tires Market includes:

1. Global Tires: Research Methodology

2. Global Tires Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Tires 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

4. Global Tires Market Segmentation

• Global Market, by Type (2022-2029)
• Global Market, by Vehicle Type (2022-2029)
• Global Market, by Distribution Channel (2022-2029)

5. Regional Tires Market (2022-2029)

• Regional Market, by Type (2022-2029)
• Regional Market, by Vehicle Type (2022-2029)
• Regional Market, by Distribution Channel (2022-2029)

• Regional Market, by Country (2022-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Type, Vehicle Type and Distribution Channel
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations


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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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