Press release
Automotive Tire Market Analysis, Size, Current Scenario and Future Prospects
The global automotive tire market is anticipated to grow at a considerable CAGR during the forecast period. The key companies across the globe are highly inclined towards the adoption of different growth strategies including capacity expansion, mergers and acquisitions, new product launches, and product innovation to remain competitive in the marketplace. For instance, in February 2021, the Goodyear Tire & Rubber Company acquired, the Cooper Tire & Rubber Company for $2.5 billion. By adding Cooper's product portfolio and other manufacturing assets, Goodyear will be able to expand its business and production & distribution networks along with broader offerings. The acquisition will aid the Goodyear company to strengthen its market position in the US and other North American markets. Through this acquisition, the Goodyear company will expand its product offerings in light truck and SUV product segments.Furthermore, earlier to this in June 2020, Bridgestone Corp. acquired iTrack Solutions Business from UK-based Transense Technologies PLC (Transense). The iTrack Solutions company is a global provider of tire management solutions for the off-the-road (OTR) vehicle industry. By this acquisition, the company wanted to strengthen its position in advanced mobility solutions. Apart from this, the acquisition also aids Bridgestone to offer mobility-related data, which can further aid the company to enhance its operations and profitability.
To Request a Sample of our Report on Automotive Tire Market: https://www.omrglobal.com/request-sample/automotive-tire-market
Market Coverage
The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered-
Rim Size
Vehicle Type
Road Application
Construction
Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Bridgestone Corp., The Goodyear Tire & Rubber Company, Continental AG, Michelin Group, Pirelli & C. S.p.A.,
Automotive Tire Market Report Segment
By Rim Size
10-14 Inches
15-21 Inches
More than 21 inches
By Vehicle Type
Two-Wheeler
Passenger Car
Light and Medium Commercial Vehicles
Heavy Commercial Vehicles
Other (Construction, Agriculture, Customized Sports)
By Road Application
Summer Tire
Winter Tire
All-Season Tire
High-Performance Tire
Other (All-Terrain Tire)
By Construction
Radial Tire
Bias & Belted Bias Cross Ply Tire
By Sales Channel
OEM (Original Equipment Manufacturer)
Aftermarket (Replacement)
A full Report of Automotive Tire Market is Available at: https://www.omrglobal.com/industry-reports/automotive-tire-market
Automotive Tire Cancer Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
Company Profiles
AEOLUS TYRE Co. Ltd.
Apollo Tyres Ltd
Bridgestone Corp.
Cheng Shin Rubber Ind. Co. Ltd. (Maxxis International GmbH)
Continental AG
Cooper Tire & Rubber Co.
Giti Tire Pte Ltd.
Goodyear Tire and Rubber Co.
Hankook Tire & Technology Co., Ltd
Kumho Tire Co. Inc.
Michelin Group
MRF LTD.
Omni United (S) Pte. Ltd.
Pirelli & C. S.p.A.
QINGDAO FULLRUN TIRE CORP. LTD.
Shandong Linglong Tire Co., Ltd.
Sumitomo Rubber Industries, Ltd.
THE YOKOHAMA RUBBER CO., LTD
Toyo Tire Corp.
Trelleborg AB
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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