Automotive Tire - Global Market Outlook (2016-2022)

Automotive Tire - Global Market Outlook (2016-2022)

  • Published: November 2016
  • ID: SMRC16032

According to Stratistics MRC, the Global Automotive Tire market is accounted for $213.9 billion in 2015 and is expected to reach $343.4 billion by 2022 growing at a CAGR of 6.9% from 2015 to 2022. Changing customer preferences for better mileage, rising demand for automobiles and demand for luxury and sports utility vehicles are projected to propel the market growth. Use of bio oils in the manufacturing process for eco friendly tires and nanotechnology is expected to create opportunities for the market.  Fluctuating prices of raw materials will impede the market growth.

Radial tires will be the largest product segment of the automotive type tire market. Passenger cars will be the largest application segment followed by Light Commercial Vehicle (LCV) segment. Asia Pacific dominates the market for automotive tires. The automotive tire market is growing significantly in Europe and North America.

Some of the key players in global Automotive Tire market are Cooper Tire & Rubber Company, Continental Group, Goodyear Tire and Rubber Company, Hankook Tire Co. Ltd, Michelin Group, Pirelli & C. S.P.A., Sumitomo Rubber Industries, Ltd., The Bridgestone Group, MRF Tyre, Hankook Tire, Hangzhou Zhongce Rubber Company, Apollo Tyres Ltd, Carlisle Companies, Inc, CEAT Ltd, DMACK Holdings Ltd., Fullrun Tyre, Hutchinson SNC, Nokian Tyres Group, Yokohama Rubber Co., Ltd, Toyo Tire & Rubber Co. Ltd. , Trelleborg AB, Nankang Rubber Tire and Dunlop.

Types Covered:
• Bias
• Radial
  Aspect Ratios Covered:
• Less than 60
• 60 to 70
• Greater than 70  
Vehicle Types Covered:
• Passenger cars 
o Light commercial vehicles
o Heavy commercial vehicles
o Two wheelers
• Ultra High Performance/Touring Automotive Tires 
Section Width Covered:
• <200 MM 
• 200-230 MM 
• >230 MM

End Users Covered:
• Original Equipment Manufacturer (OEMs)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain     
o Rest of Europe 
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific      
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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