Home >> News >> Business >> Automotive Tires Market size to register a CAGR of 3.7% through the forecast period from 2018 to 2026 analysis by Credence Research

Automotive Tires Market size to register a CAGR of 3.7% through the forecast period from 2018 to 2026 analysis by Credence Research

The Automotive Tires Market Report is a professional and in-depth study on the current state of the Automotive Tires Industry. Automotive Tires Market expected to exhibit steady growth during the forecast period.

Firstly, this research report presents a basic outline of the Automotive Tires industry covering boundaries, purposes, classifications and market chain structure. The growth policies and strategies are presented as well as manufacturing processes and cost structures.

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Secondly, this research study shows the Automotive Tires market size (volume and value), and the share markets by types, regions, applications, and companies are also discussed. Third, the Automotive Tires market report is presented for major regions including USA, Europe, China, and Japan, and other regions can be added.

Then, the research report especially concentrates on global major leading industry players with data such as company product pictures, profiles and terms, trades, market share, and contact information.

Market Insights

The global automotive tires market is highly driven by the consistently increasing sales of passenger cars and commercial vehicles, especially in the Asia Pacific region. The total automotive vehicles production in Asia Pacific surpassed 50 Mn vehicles in 2017, while the regional sales stood in excess of 45 Mn vehicles. The market is also supported by strong demand for replacement tires, which in turn propels the aftermarket automotive tires segment. With growing inclination towards better driving experience, performance tires sales have witnessed remarkable growth over the period. The market witnesses a trend of producing more fuel efficient tires as an aid towards reducing CO2 emissions caused by automotive vehicles.

The automotive tires market is broadly segmented based on tire type, tire size, design, tire assembly, aspect ratio, season, sales channel and vehicle class. By design, radial ply tires segment lead the market due to high penetration in passenger cars. More than 85% of the total passenger cars worldwide are equipped with radial ply tires resulting in higher demand. Further, based on tire type, fuel efficient tires segment dominate the market, primarily due to huge volume of passenger cars as compared to other automotive vehicles.

Leading Players:

Sumitomo Rubber Industries, Ltd., Pirelli & C. S.p.A., Cooper Tire & Rubber Company, Yokohama Rubber Company, Qingdao Sentury Tire Co., Ltd., Hankook Tire Group, Hangzhou Zhongce Rubber Co., Ltd., China National Tire & Rubber Co., Ltd., Toyo Tire & Rubber Company, Apollo Tyres Ltd., CEAT Ltd., MRF Ltd. and JK Tyre & Industries Ltd. among others.

Research Methodology

Credence Research has used various sources of information and study to determine the market wealth of the global Automotive Tires market. In series to give the industry value forecast till 2026 end, Credence Research analysts have first searched Automotive Tires solutions by services, end user, product type and purpose. After this, the analysts aimed to arrive at the stated market figures so they have done primary and secondary research. In the primary research, consultations with industry specialists were carried out and the secondary research consists of qualitative information collecting through journals, various articles, industry association data, blogs, company websites, and other secondary sources. In the data study phase, adoption of Automotive Tires solutions across various industries was examined, along with value chain analysis.

Report content

  • Qualitative Analysis
  • Industry overview
  • Industry trends
  • Key market opportunities prioritized
  • Market size
  • Growth prospects
  • Product benchmarking
  • Competitive landscape
  • Company overview
  • Financial performance
  • Market drivers and restraints
  • Latest strategic developments

Quantitative Analysis

  • Automotive Tires Market size, estimates, and forecast from 2018 to 2026
  • Automotive Tires Market estimates and forecast for product segments up to 2026
  • Regional market size and forecast of Automotive Tires for product segments up to 2026
  • Market valuations and the outlook for demand segments up to 2026
  • Regional business size and forecast for application segments up to 2026

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