Rubber Tire Market
Rubber Tire Market Forecasts to 2028 – Global Analysis By Tire Type (Bias, Radial, Solid), Technology (Connected Tires, Winter Tires), Vehicle Type, Rim Size, Sales Channel and By Geography
According to Stratistics MRC, the Global Rubber Tire Market is accounted for $124.84 billion in 2020 and is expected to reach $206.61 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Rise in demand for utility vehicles across the globe, increase in awareness among consumers regarding vehicle maintenance and increase in number of cross-border and long haul freight transport are the major factors propelling the market growth. However, volatility in raw material prices and shortage of natural rubber cultivation are hampering the market growth.
The rubber tires are an essential part of most ground vehicles. A tire can dampen the oscillations caused by irregularities in the road surface, protect the wheel from wear and tear and at the same time provide a high-friction bond between the vehicle and the ground to improve acceleration and handling. There are various types of rubber tyres with maximum inflation pressure retention for truck, agricultural, industrial and specialty tires as well as cycle tyres, casters etc.
Based on vehicle type, the passenger vehicle segment is going to have a lucrative growth during the forecast period owing to the rising purchase power parity of society, which, in turn, is fuelling consumer demand for vehicles. Significant sales of passenger vehicles and continued advancements have flourished its growth in the past few years. In addition, introduction to electric vehicles along with integration of advanced drive assistance technologies in the passenger vehicles especially for semi-luxury and luxury vehicles expected to magnificently boost its demand over the coming years.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the high usage of agriculture tractors in China and India. Asia-Pacific is the largest producer as well as consumer with Thailand being the largest producing country of natural rubber and China being the largest consumer. Asia Pacific is expected to witness the highest growth in the market across the globe. Growth in the automotive and construction industries is a key driver of the market in this region.
Some of the key players profiled in the Rubber Tire Market include Apollo Tyres Ltd., Bridgestone Corporation, CEAT Ltd., China National Tire & Rubber Co., Ltd, Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C. S.p.A, Qingdao Fullrun Tyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Trelleborg AB, and Yokohama Tire Corporation.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 124.84 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
6.5% |
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Predicted 2028 Value: |
USD 206.61 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
162 |
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Chapters Covered: |
Tire Type, Technology, Vehicle Type, Rim Size, Sales Channel and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Tire Types Covered:
• Bias
• Radial
• Solid
Technologies Covered:
• Connected Tires
• Winter Tires
Vehicle Types Covered:
• Agriculture Tractor
• Construction & Mining Vehicle
• Industrial Vehicle
• Light Commercial Vehicle
• Motorcycle & Scooter
• Passenger Vehicle
• Truck & Bus
Rim Sizes Covered:
• <11”
• 12-17”
• 18-21”
• 22-25”
• 29-49”
• 51-63”
Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers (OEM)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Rubber Tire Market is majorly driven by the growing demand to improve the efficiency and productivity of forklifts.
The passenger vehicle segment is growing at a highest CAGR owing to the growing purchase power parity of society, which, in turn, is fuelling consumer demand for vehicles.
Asia Pacific dominated with a significant market share due to the factors such as growth in the automotive & construction industries and high usage of agriculture tractors across the region.
Middle East & Africa market is growing at a highest CAGR owing to the Rise in construction activities in GCC countries and expansion of the mining industry in the region.
Key players in Rubber Tire Market include Apollo Tyres Ltd., Bridgestone Corporation, CEAT Ltd., China National Tire & Rubber Co., Ltd, Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C. S.p.A, Qingdao FullrunTyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Trelleborg AB, and Yokohama Tire Corporation.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rubber Tire Market, By Tire Type
5.1 Introduction
5.2 Bias
5.3 Radial
5.4 Solid
6 Global Rubber Tire Market, By Technology
6.1 Introduction
6.2 Connected Tires
6.3 Winter Tires
7 Global Rubber Tire Market, By Vehicle Type
7.1 Introduction
7.2 Agriculture Tractor
7.3 Construction & Mining Vehicle
7.4 Industrial Vehicle
7.5 Light Commercial Vehicle
7.6 Motorcycle & Scooter
7.7 Passenger Vehicle
7.8 Truck & Bus
8 Global Rubber Tire Market, By Rim Size
8.1 Introduction
8.2 <11”
8.3 12-17”
8.4 18-21”
8.5 22-25”
8.6 29-49”
8.7 51-63”
9 Global Rubber Tire Market, By Sales Channel
9.1 Introduction
9.2 Aftermarket
9.3 Original Equipment Manufacturers (OEM)
10 Global Rubber Tire Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Apollo Tyres Ltd.
12.2 Bridgestone Corporation
12.3 CEAT Ltd.
12.4 China National Tire & Rubber Co., Ltd
12.5 Continental AG
12.6 Cooper Tire & Rubber Company
12.7 Giti Tire
12.8 Hangzhou Zhongce Rubber Co., Ltd.
12.9 Hankook Tire
12.10 Kumho Tire Co., Inc.
12.11 MICHELIN
12.12 Nexen Tire Corporation
12.13 Nokian Tyres plc
12.14 Pirelli & C. S.p.A.
12.15 Qingdao Fullrun Tyre Corp., Ltd.
12.16 Sumitomo Rubber Industries, Ltd.
12.17 The Goodyear Tire & Rubber Company
12.18 Toyo Tire & Rubber Co., Ltd.
12.19 Trelleborg AB
12.20 Yokohama Tire Corporation
List of Tables
1 Global Rubber Tire Market Outlook, By Region (2019-2028) ($MN)
2 Global Rubber Tire Market Outlook, By Tire Type (2019-2028) ($MN)
3 Global Rubber Tire Market Outlook, By Bias (2019-2028) ($MN)
4 Global Rubber Tire Market Outlook, By Radial (2019-2028) ($MN)
5 Global Rubber Tire Market Outlook, By Solid (2019-2028) ($MN)
6 Global Rubber Tire Market Outlook, By Technology (2019-2028) ($MN)
7 Global Rubber Tire Market Outlook, By Connected Tires (2019-2028) ($MN)
8 Global Rubber Tire Market Outlook, By Winter Tires (2019-2028) ($MN)
9 Global Rubber Tire Market Outlook, By Vehicle Type (2019-2028) ($MN)
10 Global Rubber Tire Market Outlook, By Agriculture Tractor (2019-2028) ($MN)
11 Global Rubber Tire Market Outlook, By Construction & Mining Vehicle (2019-2028) ($MN)
12 Global Rubber Tire Market Outlook, By Industrial Vehicle (2019-2028) ($MN)
13 Global Rubber Tire Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)
14 Global Rubber Tire Market Outlook, By Motorcycle & Scooter (2019-2028) ($MN)
15 Global Rubber Tire Market Outlook, By Passenger Vehicle (2019-2028) ($MN)
16 Global Rubber Tire Market Outlook, By Truck & Bus (2019-2028) ($MN)
17 Global Rubber Tire Market Outlook, By Rim Size (2019-2028) ($MN)
18 Global Rubber Tire Market Outlook, By <11” (2019-2028) ($MN)
19 Global Rubber Tire Market Outlook, By 12-17” (2019-2028) ($MN)
20 Global Rubber Tire Market Outlook, By 18-21” (2019-2028) ($MN)
21 Global Rubber Tire Market Outlook, By 22-25” (2019-2028) ($MN)
22 Global Rubber Tire Market Outlook, By 29-49” (2019-2028) ($MN)
23 Global Rubber Tire Market Outlook, By 51-63” (2019-2028) ($MN)
24 Global Rubber Tire Market Outlook, By Sales Channel (2019-2028) ($MN)
25 Global Rubber Tire Market Outlook, By Aftermarket (2019-2028) ($MN)
26 Global Rubber Tire Market Outlook, By Original Equipment Manufacturers (OEM) (2019-2028) ($MN)
27 North America Rubber Tire Market Outlook, By Country (2019-2028) ($MN)
28 North America Rubber Tire Market Outlook, By Tire Type (2019-2028) ($MN)
29 North America Rubber Tire Market Outlook, By Bias (2019-2028) ($MN)
30 North America Rubber Tire Market Outlook, By Radial (2019-2028) ($MN)
31 North America Rubber Tire Market Outlook, By Solid (2019-2028) ($MN)
32 North America Rubber Tire Market Outlook, By Technology (2019-2028) ($MN)
33 North America Rubber Tire Market Outlook, By Connected Tires (2019-2028) ($MN)
34 North America Rubber Tire Market Outlook, By Winter Tires (2019-2028) ($MN)
35 North America Rubber Tire Market Outlook, By Vehicle Type (2019-2028) ($MN)
36 North America Rubber Tire Market Outlook, By Agriculture Tractor (2019-2028) ($MN)
37 North America Rubber Tire Market Outlook, By Construction & Mining Vehicle (2019-2028) ($MN)
38 North America Rubber Tire Market Outlook, By Industrial Vehicle (2019-2028) ($MN)
39 North America Rubber Tire Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)
40 North America Rubber Tire Market Outlook, By Motorcycle & Scooter (2019-2028) ($MN)
41 North America Rubber Tire Market Outlook, By Passenger Vehicle (2019-2028) ($MN)
42 North America Rubber Tire Market Outlook, By Truck & Bus (2019-2028) ($MN)
43 North America Rubber Tire Market Outlook, By Rim Size (2019-2028) ($MN)
44 North America Rubber Tire Market Outlook, By <11” (2019-2028) ($MN)
45 North America Rubber Tire Market Outlook, By 12-17” (2019-2028) ($MN)
46 North America Rubber Tire Market Outlook, By 18-21” (2019-2028) ($MN)
47 North America Rubber Tire Market Outlook, By 22-25” (2019-2028) ($MN)
48 North America Rubber Tire Market Outlook, By 29-49” (2019-2028) ($MN)
49 North America Rubber Tire Market Outlook, By 51-63” (2019-2028) ($MN)
50 North America Rubber Tire Market Outlook, By Sales Channel (2019-2028) ($MN)
51 North America Rubber Tire Market Outlook, By Aftermarket (2019-2028) ($MN)
52 North America Rubber Tire Market Outlook, By Original Equipment Manufacturers (OEM) (2019-2028) ($MN)
53 Europe Rubber Tire Market Outlook, By Country (2019-2028) ($MN)
54 Europe Rubber Tire Market Outlook, By Tire Type (2019-2028) ($MN)
55 Europe Rubber Tire Market Outlook, By Bias (2019-2028) ($MN)
56 Europe Rubber Tire Market Outlook, By Radial (2019-2028) ($MN)
57 Europe Rubber Tire Market Outlook, By Solid (2019-2028) ($MN)
58 Europe Rubber Tire Market Outlook, By Technology (2019-2028) ($MN)
59 Europe Rubber Tire Market Outlook, By Connected Tires (2019-2028) ($MN)
60 Europe Rubber Tire Market Outlook, By Winter Tires (2019-2028) ($MN)
61 Europe Rubber Tire Market Outlook, By Vehicle Type (2019-2028) ($MN)
62 Europe Rubber Tire Market Outlook, By Agriculture Tractor (2019-2028) ($MN)
63 Europe Rubber Tire Market Outlook, By Construction & Mining Vehicle (2019-2028) ($MN)
64 Europe Rubber Tire Market Outlook, By Industrial Vehicle (2019-2028) ($MN)
65 Europe Rubber Tire Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)
66 Europe Rubber Tire Market Outlook, By Motorcycle & Scooter (2019-2028) ($MN)
67 Europe Rubber Tire Market Outlook, By Passenger Vehicle (2019-2028) ($MN)
68 Europe Rubber Tire Market Outlook, By Truck & Bus (2019-2028) ($MN)
69 Europe Rubber Tire Market Outlook, By Rim Size (2019-2028) ($MN)
70 Europe Rubber Tire Market Outlook, By <11” (2019-2028) ($MN)
71 Europe Rubber Tire Market Outlook, By 12-17” (2019-2028) ($MN)
72 Europe Rubber Tire Market Outlook, By 18-21” (2019-2028) ($MN)
73 Europe Rubber Tire Market Outlook, By 22-25” (2019-2028) ($MN)
74 Europe Rubber Tire Market Outlook, By 29-49” (2019-2028) ($MN)
75 Europe Rubber Tire Market Outlook, By 51-63” (2019-2028) ($MN)
76 Europe Rubber Tire Market Outlook, By Sales Channel (2019-2028) ($MN)
77 Europe Rubber Tire Market Outlook, By Aftermarket (2019-2028) ($MN)
78 Europe Rubber Tire Market Outlook, By Original Equipment Manufacturers (OEM) (2019-2028) ($MN)
79 Asia Pacific Rubber Tire Market Outlook, By Country (2019-2028) ($MN)
80 Asia Pacific Rubber Tire Market Outlook, By Tire Type (2019-2028) ($MN)
81 Asia Pacific Rubber Tire Market Outlook, By Bias (2019-2028) ($MN)
82 Asia Pacific Rubber Tire Market Outlook, By Radial (2019-2028) ($MN)
83 Asia Pacific Rubber Tire Market Outlook, By Solid (2019-2028) ($MN)
84 Asia Pacific Rubber Tire Market Outlook, By Technology (2019-2028) ($MN)
85 Asia Pacific Rubber Tire Market Outlook, By Connected Tires (2019-2028) ($MN)
86 Asia Pacific Rubber Tire Market Outlook, By Winter Tires (2019-2028) ($MN)
87 Asia Pacific Rubber Tire Market Outlook, By Vehicle Type (2019-2028) ($MN)
88 Asia Pacific Rubber Tire Market Outlook, By Agriculture Tractor (2019-2028) ($MN)
89 Asia Pacific Rubber Tire Market Outlook, By Construction & Mining Vehicle (2019-2028) ($MN)
90 Asia Pacific Rubber Tire Market Outlook, By Industrial Vehicle (2019-2028) ($MN)
91 Asia Pacific Rubber Tire Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)
92 Asia Pacific Rubber Tire Market Outlook, By Motorcycle & Scooter (2019-2028) ($MN)
93 Asia Pacific Rubber Tire Market Outlook, By Passenger Vehicle (2019-2028) ($MN)
94 Asia Pacific Rubber Tire Market Outlook, By Truck & Bus (2019-2028) ($MN)
95 Asia Pacific Rubber Tire Market Outlook, By Rim Size (2019-2028) ($MN)
96 Asia Pacific Rubber Tire Market Outlook, By <11” (2019-2028) ($MN)
97 Asia Pacific Rubber Tire Market Outlook, By 12-17” (2019-2028) ($MN)
98 Asia Pacific Rubber Tire Market Outlook, By 18-21” (2019-2028) ($MN)
99 Asia Pacific Rubber Tire Market Outlook, By 22-25” (2019-2028) ($MN)
100 Asia Pacific Rubber Tire Market Outlook, By 29-49” (2019-2028) ($MN)
101 Asia Pacific Rubber Tire Market Outlook, By 51-63” (2019-2028) ($MN)
102 Asia Pacific Rubber Tire Market Outlook, By Sales Channel (2019-2028) ($MN)
103 Asia Pacific Rubber Tire Market Outlook, By Aftermarket (2019-2028) ($MN)
104 Asia Pacific Rubber Tire Market Outlook, By Original Equipment Manufacturers (OEM) (2019-2028) ($MN)
105 South America Rubber Tire Market Outlook, By Country (2019-2028) ($MN)
106 South America Rubber Tire Market Outlook, By Tire Type (2019-2028) ($MN)
107 South America Rubber Tire Market Outlook, By Bias (2019-2028) ($MN)
108 South America Rubber Tire Market Outlook, By Radial (2019-2028) ($MN)
109 South America Rubber Tire Market Outlook, By Solid (2019-2028) ($MN)
110 South America Rubber Tire Market Outlook, By Technology (2019-2028) ($MN)
111 South America Rubber Tire Market Outlook, By Connected Tires (2019-2028) ($MN)
112 South America Rubber Tire Market Outlook, By Winter Tires (2019-2028) ($MN)
113 South America Rubber Tire Market Outlook, By Vehicle Type (2019-2028) ($MN)
114 South America Rubber Tire Market Outlook, By Agriculture Tractor (2019-2028) ($MN)
115 South America Rubber Tire Market Outlook, By Construction & Mining Vehicle (2019-2028) ($MN)
116 South America Rubber Tire Market Outlook, By Industrial Vehicle (2019-2028) ($MN)
117 South America Rubber Tire Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)
118 South America Rubber Tire Market Outlook, By Motorcycle & Scooter (2019-2028) ($MN)
119 South America Rubber Tire Market Outlook, By Passenger Vehicle (2019-2028) ($MN)
120 South America Rubber Tire Market Outlook, By Truck & Bus (2019-2028) ($MN)
121 South America Rubber Tire Market Outlook, By Rim Size (2019-2028) ($MN)
122 South America Rubber Tire Market Outlook, By <11” (2019-2028) ($MN)
123 South America Rubber Tire Market Outlook, By 12-17” (2019-2028) ($MN)
124 South America Rubber Tire Market Outlook, By 18-21” (2019-2028) ($MN)
125 South America Rubber Tire Market Outlook, By 22-25” (2019-2028) ($MN)
126 South America Rubber Tire Market Outlook, By 29-49” (2019-2028) ($MN)
127 South America Rubber Tire Market Outlook, By 51-63” (2019-2028) ($MN)
128 South America Rubber Tire Market Outlook, By Sales Channel (2019-2028) ($MN)
129 South America Rubber Tire Market Outlook, By Aftermarket (2019-2028) ($MN)
130 South America Rubber Tire Market Outlook, By Original Equipment Manufacturers (OEM) (2019-2028) ($MN)
131 Middle East & Africa Rubber Tire Market Outlook, By Country (2019-2028) ($MN)
132 Middle East & Africa Rubber Tire Market Outlook, By Tire Type (2019-2028) ($MN)
133 Middle East & Africa Rubber Tire Market Outlook, By Bias (2019-2028) ($MN)
134 Middle East & Africa Rubber Tire Market Outlook, By Radial (2019-2028) ($MN)
135 Middle East & Africa Rubber Tire Market Outlook, By Solid (2019-2028) ($MN)
136 Middle East & Africa Rubber Tire Market Outlook, By Technology (2019-2028) ($MN)
137 Middle East & Africa Rubber Tire Market Outlook, By Connected Tires (2019-2028) ($MN)
138 Middle East & Africa Rubber Tire Market Outlook, By Winter Tires (2019-2028) ($MN)
139 Middle East & Africa Rubber Tire Market Outlook, By Vehicle Type (2019-2028) ($MN)
140 Middle East & Africa Rubber Tire Market Outlook, By Agriculture Tractor (2019-2028) ($MN)
141 Middle East & Africa Rubber Tire Market Outlook, By Construction & Mining Vehicle (2019-2028) ($MN)
142 Middle East & Africa Rubber Tire Market Outlook, By Industrial Vehicle (2019-2028) ($MN)
143 Middle East & Africa Rubber Tire Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)
144 Middle East & Africa Rubber Tire Market Outlook, By Motorcycle & Scooter (2019-2028) ($MN)
145 Middle East & Africa Rubber Tire Market Outlook, By Passenger Vehicle (2019-2028) ($MN)
146 Middle East & Africa Rubber Tire Market Outlook, By Truck & Bus (2019-2028) ($MN)
147 Middle East & Africa Rubber Tire Market Outlook, By Rim Size (2019-2028) ($MN)
148 Middle East & Africa Rubber Tire Market Outlook, By <11” (2019-2028) ($MN)
149 Middle East & Africa Rubber Tire Market Outlook, By 12-17” (2019-2028) ($MN)
150 Middle East & Africa Rubber Tire Market Outlook, By 18-21” (2019-2028) ($MN)
151 Middle East & Africa Rubber Tire Market Outlook, By 22-25” (2019-2028) ($MN)
152 Middle East & Africa Rubber Tire Market Outlook, By 29-49” (2019-2028) ($MN)
153 Middle East & Africa Rubber Tire Market Outlook, By 51-63” (2019-2028) ($MN)
154 Middle East & Africa Rubber Tire Market Outlook, By Sales Channel (2019-2028) ($MN)
155 Middle East & Africa Rubber Tire Market Outlook, By Aftermarket (2019-2028) ($MN)
156 Middle East & Africa Rubber Tire Market Outlook, By Original Equipment Manufacturers (OEM) (2019-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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