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6 Key Points of Automotive Tire Market focusing on Production, Demand, Top Players and Future Scenario Forecast till 2022

03-28-2018 03:25 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Fact.MR

Fact.MR

The market for global automotive tire market has been undergoing a transitional phase over the recent past. The continual advancements in technologies and the swift increase in infrastructural development projects have influenced the demand for global automotive tire market substantially over the past few years. The swift rise in urbanization and the significant increase in the disposable income of people are likely to maintain the demanding pace of global automotive tire market in the near future. The augmenting interest of investors, government funding, and the rising trend of automation are also projected to reflect positively on this market in the years to come.

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China Remains Lucrative in the Global Automotive Tire Market

The dominance of China in the global automotive tire market can hardly be overstated. The country sells more automobiles than the U.S. and Japan combined and is a force to be reckoned with in the industry. Almost all the global players have a major presence in the country and it is vital to their future prospects. Pilot runs of new cars and R&D of emergent technologies are all carried out keeping China’s requirements in mind and it will have a massive impact on the automotive tire market. China is anticipated to remain the most important automotive tire market for some time to come and global OEM’s are advised to work in close collaboration with their partners and suppliers in the country. Largely due to China, the global automotive tire market should grow to over US$ 340 billion in 2022 from a value of slightly below US$ 270 billion in 2017 – recording a CAGR of 5.1%.

Bias Trumps Radial Segment in the Automotive Tire Market

The radial segment could have a revenue share of 8.2% of the automotive tire market in 2017 and be worth a multi-billion valuation. However, the bias segment is three-times larger and is forecasted to be a market of high valuations in 2017. With a low CAGR, the bias segment is likely to remain moderately dominant by the end of the forecast period. APEJ contributes to approx. half the bias and radial segments of the automotive tire market in 2017 and it is almost certainly projected to retain its commanding position.

Two-wheelers and LCV to Drive the Automotive Tire Market

The LCV segment is estimated to be worth nearly US$90 billion by end 2022 while the two-wheeler market is poised to procure two third of this value by that year. Therefore, these segments of the automotive tire market are critical for key stakeholders to target and it would be safe to say that they are far more important than either the PC or M&HCV segment. Unsurprisingly, the fast-growing, populous APEJ region is the largest contributor to both these segments in the automotive tire market.

M&HCV and OTR Segments May Need Customized Approach

While two-wheelers and LCV are the bulk of the automotive tire market, the M&HCV can be overlooked entirely as it is assessed to grow with a sluggish CAGR. Even the OTR segment could represent a lucrative opportunity to provide customized products in the automotive tire market as it is assessed to grow to slightly over US$ 13 billion in 2022.

OEM Channel Much Larger than Aftermarket in Automotive Tire Market

The OEM channel is expected to create the largest incremental opportunity and it dwarfs the aftermarket channel that will only be one-fifth of the former’s size at the end of the five-year study of the automotive tire market. APEJ represents a potentially high market opportunity in the OEM channel in 2017 and manufacturers are recommended to make their investment plans accordingly. The sales for automotive tires across aftermarket channels are also expected to witness influence from customization needs of vehicle owners.

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Table of Contents:

Chapter 1 .Global Tyre Market – Executive Summary .22

Chapter 2 .Global Tyre Market Overview .24
2.1 .Introduction .24
2.1.1 .Global Tyre Market Taxonomy .24
2.1.2 .Global Tyre Market Definition .24
2.2 .Global Tyre Market Size (US$ Mn) and Forecast, 2012-2022 .24
2.2.1 .Global Tyre Market Y-o-Y Growth .24
2.3 .Global Automotive Tyre Market: Macroeconomic Factors .25
2.3.1 .Economic Outlook .25
2.3.2 .International Policy .25
2.3.3 .Profitability of Enterprises .26
2.3.4 .Increasing Purchasing Power of Middle Class .26
2.3.5 .Complex Eco System .26
2.3.6 .Supply chain Issues .26
2.3.7 .End-user Sentiment .26
2.4 .Global Automotive Tyre Market Impact Factors .27
2.4.1 .Autonomous Vehicles .27
2.4.2 .The Influence of China .27
2.4.3 .Innovations in Technology .27
2.4.4 .Dilemma on Shift to New Technologies .28
2.4.5 .Disruption in Traditional Business Models .28
2.4.6 .Rising Component Costs in Developing Countries .28
2.4.7 .Shrinking Product Development Time .28
2.4.8 .Fluctuating Input costs .29
2.4.9 .Adoption of New Mobility Solutions .29
2.4.10 .Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis .29
2.4.11 .Rising Complexity Influencing Greater Emphasis on Platformimg .29
2.4.12 .Increasing R&D expenditure .30
2.4.13 .Trends .30
2.4.13.1 .Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis .30
2.4.13.2 .Rising Complexity Influencing Greater Emphasis on Platformimg .30
2.5 .Supply Chain .31
2.6 .Cost Structure .31
2.7 .Pricing Analysis .31
2.8 .Raw Material Sourcing Strategy and Analysis .32
2.9 .List of Distributors .32
2.10 .Key Participants Market Presence (Intensity Map) By Region .32
2.11 .Competitive Assessment and Technology Trends in Future .33

Chapter 3 .Global Tyre Market Analysis and Forecast By Product Type .34
3.1 .Global Tyre Market Size and Forecast By Product Type, 2012-2022 .34
3.1.1 .Radial Tyre Market Size and Forecast, 2012-2022 .34
3.1.1.1 .Revenue (US$ Mn) Comparison, By Region .34
3.1.1.2 .Market Share Comparison, By Region .35
3.1.1.3 .Y-o-Y growth Comparison, By Region .36
3.1.2 .Bias Tyre Market Size and Forecast, 2012-2022 .37
3.1.2.1 .Revenue (US$ Mn) Comparison, By Region .37
3.1.2.2 .Market Share Comparison, By Region .38
3.1.2.3 .Y-o-Y growth Comparison, By Region .39

Continued…..

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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