Global Automotive Tires Market to reach USD 575 billion by 2025.
Global Automotive Tires Market valued approximately USD 329 billion in 2016 is anticipated to grow with a healthy growth rate of more than 6.40% over the forecast period 2017-2025. The Global automotive tires market is influenced by several factors which impact the growth of the market. High demand for replacement tires, increasing demand for two wheelers and commercial vehicles, higher demand for low rolling resistance tires, higher demand for SUVs, rising production of tires due to rising automotive industry, growth in the number of automobiles per capita ownership especially among middle class consumers, increasing research and technological developments to make tires more efficient in order to satisfy the rising demand for energy efficient and high quality tires, reduction in rubber prices and growing demand for passenger vehicles are few of the many influencers contributing to the growth of the global automotive tire market. Also, there are few factors which pose challenges to the growth of the global automotive tire market, such as, decline in export, incorrect government administration and strict regulations and fluctuations in the availability of raw material and their prices.
Geographically, the Global Automotive Tires market research report split global into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Automotive Tires Industry for these regions, from 2013 to 2025 (forecast), covering
2013
2017
2025
Share
CAGR (2017-2025)
United States
xx
xx
xx
xx%
xx%
EU
xx
xx
xx
xx%
xx %
Japan
xx
xx
xx
xx%
xx%
China
xx
xx
xx
xx%
xx %
India
xx
xx
xx
xx%
xx%
Southeast Asia
xx
xx
xx
xx%
xx%
Others
xx
xx
xx
xx%
xx%
Total
xx
xx
xx
xx%
xx%
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Emerging trends in the market such as the increased use of bio-oils in the manufacturing process of tires would help to boost the growth in the light of demand for ecological tire manufacturing process. Orange oils, extracted from orange peels, are used in the process to help reduce the amount of petroleum used in tires. In addition, the tire market has also witnessed an increase in R&D investments.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Bridgestone Corporation,
Pirelli & C.S.p.a.,
Michelin,
The Goodyear Tyre & Rubber Co.,
Sumitomo Rubber Industries Ltd.,
Madras Rubber Factory Limited,
The Yokohama Rubber Co.Ltd,
JK Tyre & Industries Ltd,
CEAT Ltd and so on.
Browse the full Global Automotive Tires market research report @ https://martresearch.com/market-analysis/global-automotive-tires-market-size-study,-by-application-(truck-bus-passenger-car-radical,-by-2-3-wheelers,-agriculture,-off-the-road,-others)-and-by-regional-forecasts-2018-2025/9/8071 .
On the basis of product, the Global Automotive Tires Industry report displays the production, revenue, price, market share and growth rate of each type, The detailed segments and sub-segment of the market are explained below:
By Application:
Truck/Bus
Passenger Car Radial
2/3-Wheeler
Agriculture
Off the Road
Others
Furthermore, years considered for the study are as follows:
Historical year 2015, 2016
Base year 2017
Forecast period 2018 to 2025
Target Audience of the Global Automotive Tires Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Some of the points from Global Automotive Tires Market Research Report are
Chapter 1. Global Automotive Tires Market Definition and Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Global Automotive Tires Market Dynamics
Chapter 5. Global Automotive Tires Market, By Product
Chapter 6. Global Automotive Tires Market by Application
Chapter 7. Global Automotive Tires Market, Regional Analysis
Chapter 8. Competitive Intelligence
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