replique montre fausse rolex african american wigs diamond art Automotive Tires Market Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2025
 

Automotive Tires Market Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2025

By Frank Ustinov 22 Apr 2020 Business,Technology

Automotive Tires Market Latest Research Report 2020:

The report presents a highly comprehensive and accurate research study on the global Automotive Tires market. It offers PESTLE analysis, qualitative and quantitative analysis, Porter’s Five Forces analysis, and absolute dollar opportunity analysis to help players improve their business strategies. It also sheds light on critical Automotive Tires Market dynamics such as trends and opportunities, drivers, restraints, and challenges to help market participants stay informed and cement a strong position in the industry. With competitive landscape analysis, the authors of the report have made a brilliant attempt to help readers understand important business tactics that leading companies use to maintain Automotive Tires market sustainability.

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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.

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.

The detailed segments and sub-segment of the market are explained below:

By Application:

oTruck/Bus

oPassenger Car Radial

o2/3-Wheeler

oAgriculture

oOff the Road

oOthers

By Regions:

oNorth America

oU.S.

oCanada

oEurope

oUK

oGermany

oAsia Pacific

oChina

oIndia

oJapan

oLatin America

oBrazil

oMexico

oRest of the World

Furthermore, years considered for the study are as follows:

Historical year “ 2015, 2016

Base year “ 2017

Forecast period “ 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include 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. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Automotive Tires Market in Market Study:

oKey Consulting Companies & Advisors

oLarge, medium-sized, and small enterprises

oVenture capitalists

oValue-Added Resellers (VARs)

oThird-party knowledge providers

oInvestment bankers

oInvestors

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Table of Contents:

Study Coverage: It includes study objectives, years considered for the research study, growth rate and Automotive Tires market size of type and application segments, key manufacturers covered, product scope, and highlights of segmental analysis.

Executive Summary: In this section, the report focuses on analysis of macroscopic indicators, market issues, drivers, and trends, competitive landscape, CAGR of the global Automotive Tires market, and global production. Under the global production chapter, the authors of the report have included market pricing and trends, global capacity, global production, and global revenue forecasts.

Automotive Tires Market Size by Manufacturer: Here, the report concentrates on revenue and production shares of manufacturers for all the years of the forecast period. It also focuses on price by manufacturer and expansion plans and mergers and acquisitions of companies.

Production by Region: It shows how the revenue and production in the global market are distributed among different regions. Each regional market is extensively studied here on the basis of import and export, key players, revenue, and production.

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Frank Ustinov

Being a veteran in the field of writing with an experience of 15 years, Frank Ustinov holds the entire responsibility of the Technology Department on the Business Stats News. He has been a part of the Business Stats News for 10 years now. With a Bachelor’s Degree in Technology Management, Frank deals with writing articles, blogs, and reports relating to the technology.

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