Rubber Tires Market to observe high growth by 2019

The world runs on wheels, and almost all automotive-wheels essentially need tires. 
Modern pneumatic tire production fundamentally needs synthetic or natural rubber along with other chemicals. A huge majority of the world rubber production is consumed by the tire industry. The crucial performance requirements of automotive-tires are to provide grip to the vehicle, resist abrasion, and carry and transport loads, all the while providing reasonable safety and performance to the vehicle. Different types of rubber are used for manufacturing tires for different purposes. The tire industry has been growing tremendously over the past decade, both in terms of volume and revenue, due to the increase in demand. 

Request Sample Copy of the Report@
 https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1526

 
This trend is likely to sustain in the future as well. The Asian market is expected to provide a boost to the tire industry. The U.S. and European region is projected to witness a growth below the global average, which is boosted by rubber requirements in China. Latin America and the Middle East are also expected to up the demand for tires due to increased automotive production in the regions.
 
One of the primary drivers for this market is the exponential increase in the number of vehicles produced throughout the world. China, for example, is the leading consumer of bicycles and motorcycle tires, and comes second only to the USA in terms of motor vehicle tires. The population growth along with a significant rise in income levels in Asia-Pacific is the reason for the growth of the automobile industry, and indirectly the tire industry. 
 
The governments of many countries have doled out economic stimulus packages for the automotive industry to add vigor to automobile manufacturing, which have led to an increase in the level of production and demand for tires. Tires are not only used in new vehicles, but need to be replaced in old vehicles as well due to wear and tear, which is also a major market for rubber tires.  Airplane tires are a niche market, but is a high revenue contributor to the rubber tire market. However, there are certain restraints to this market. 
 
It is highly susceptible to the prevailing macro-economic conditions of the world. Rise in fuel prices can act as a deterrent to automobile production and affect the tire industry. Due to financial burdens, several automobile manufacturers in the past had implemented large-scale production cut-backs, which affected the sales negatively.  

Request TOC of the Report@
 https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=1526

Some of the major players in this market are Bridgestone Corporation, Goodyear, MRF, Continental AG, Maxxis International, and Eurogrip Tires among many others.
 
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
North America 
Asia Pacific 
Europe
Rest of the World  

This report provides comprehensive analysis of 
Market growth drivers 
Factors limiting market growth
Current market trends 
Market structure
Market projections for upcoming years 

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

This release was published on openPR.