Press release
Tires Market valuation of USD 169.06 billion by 2029, Growth Rate (CAGR) of 4.2 Parcentage
Tires Market
The comprehensive report aims to provide stakeholders with an in-depth analysis of the global tires market. The report covers past and present industry status, forecasts, trends, and market size. Complicated data is presented in a simplified manner for easy comprehension. The market insights are derived from an exhaustive research methodology, encompassing data collection, analysis, and expert opinions. To understand the market dynamics and forecast accurately, a comprehensive research process has been employed.
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What are Tires Market Dynamics:
The growing electric vehicles market is expected to drive the tire market during the forecast period. Customers have been more conscious of environmental problems such as air quality, noise & air pollution, and the loss of non-renewable natural resources. The adoption of strict regulations to reduce excessive emissions has compelled manufacturers to manufacture and build environmentally sustainable alternatives in vehicles. Thus, due to improved range, battery life, reliability, and affordability, electric vehicles have become a much more appealing option for customers. China held the largest market of electric vehicles, which is expected to reach a market value of 3.79 Mn by 2026.
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Tires Market Regional Insights:
The U.S. holds 28% of the global tire market share and is projected to grow at a rate of 5.4% during the forecast period.
Europe is expected to reach 593 billion units with Germany growing at a CAGR of 3.4%.
Japan and Canada are expected to grow at 2.6% and 3.6% respectively.
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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:
1.Apollo Tyres Ltd
2.Avon Tyres
3.Bridgestone Corporation
4.CEAT
5.Cheng Shin Rubber Ind. Co. Ltd
6.Continental AG
7.Cooper Tire & Rubber Company
8.Giti Tire Pte. Ltd
9.Goodyear Tire & Rubber Company
10.Hankook Tire Co., Ltd
11.JK Tyre & Industries Ltd
12.Kumho Tire Co., Inc
13.Maxxis International
14.Michelin
15.MITAS A.S.
16.MRF
17.Nexen Tire Corporation
18.Nokian Tyres Oyj
19.Pirelli & C. S.p.A
20.Shandong Linglong Tire Co., Ltd
Table of content for the Tires Market includes:
Global Tires Market: Research Methodology
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 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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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