Tires Market to reach USD 169.06 Bn by 2029, emerging at a CAGR of 4.2 percent and forecast 2023-2029

Tires Market Report Scope and Research Methodology

Report Scope:

Maximize Market Research Pvt Ltd, based in Pune, India, presents a comprehensive analysis of the Global Tires Market. The report delves into market dynamics, research methodology, drivers, restraints, and regional insights.

Research Methodology:

The report is based on a robust research methodology that includes a thorough analysis of market trends, data interpretation, and insights. For more details, a free sample report can be requested.

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What are Tires Market Dynamics:

Drivers

The surge in global vehicle production and sales, encompassing commercial vehicles, luxury cars, and electric vehicles, stands out as a primary driver for the tire market's growth. The report emphasizes the increasing demand for low-weight and premium vehicles as a significant factor propelling the market forward.

Restraints

The report sheds light on the significant impact of the COVID-19 pandemic on the Global Tires Market. Disruption in transport capabilities, stringent lockdown norms, and safety concerns contributed to a 44% reduction in unit sales. The pandemic also disrupted manufacturing operations and supply chains, leading to a decline in tire exports.

Tires Market Regional Insights:

The U.S. holds a 28% share in the global tire market, with an expected growth rate of 5.4%. The Asia-Pacific region, particularly China, India, and Japan, accounts for 48% of the global market. Despite the impact of COVID-19, the Asian tire market is projected to grow by 3.6% during the forecast period.

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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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Tires Market Key Players:

North America
Cooper Tire & Rubber Company (U.S)
Goodyear Tire & Rubber Company (U.S)

Europe
Avon Tyres (U.K)
Continental AG (Germany)
MITAS A.S. (Czech Republic)
Michelin (France)
Groupe Michelin (France)
Nokian Tyres Oyj (Finland)
Pirelli & C. S.p.A (Italy)

Asia Pacific
Apollo Tyres Ltd (India)
MRF (India)
CEAT (India)
JK Tyre & Industries Ltd (India)
Madras Rubber Factory Ltd.(India)
Bridgestone Corporation (Japan)
Toyo Tire & Rubber Co., Ltd.(Japan)
Sumitomo Corporation(Japan)
Yokohama Tire Corporation (Japan)
Giti Tire Pte. Ltd (Singapore)
Cheng Shin Rubber Ind. Co. Ltd (Taiwan)
Maxxis International (Taiwan)
Hankook Tire Co., Ltd (South Korea)
Kumho Tire Co., Inc (South Korea)
Nexen Tire Corporation(South Korea)
Zhongce Rubber Group Co., Ltd.(China)
Sailun Group Co. Ltd.(China)
Shandong Linglong Tire Co., Ltd (China)
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Table of content for the Tires Market includes:

1. Global Parenting App Market: Research Methodology

2. Global Parenting App 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 Parenting App 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

Contact Maximize Market Research:

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About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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