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Global Automotive Tire Market is Expected to grow at 2.4% and reach 211.5 bn USD in 2023, from 183.4 bn USD in 2017

Global Tire Market Report

Global Tire Market Report

Market Research Reports Inc.

Market Research Reports Inc. has announced the addition of new report "Global Automotive Tire Consumption Market Report", in its database

LEWES, DELAWARE, DELAWARE, UNITED STATES, July 4, 2018 / -- The "Global Automotive Tire Consumption Market Report" covers the present scenario (with the base year being 2017) and the growth prospects of global Automotive Tire market for 2018-2023.

Tire is a ring or band of rubber, either solid or hollow and inflated, or of metal, placed over the rim of a wheel to provide traction, resistance to wear, or other desirable properties.

This report we researched the automotive type which is used in automotive.

Asia is the biggest supplier of automotive tire, the production market share of Asia was 59.23% in 2015. Europe is the second supplier, with the production market share of 16.9% in 2015.Europe is the biggest consumer of automotive tire, the consumption of Europe was more than 479 million units in 2015 with the consumption market share of 26.12%. North America is the second consumer with the consumption market share of 23.25% in 2015.

Market competition is intense. There are more than 60 key of automotive tire manufacturers in the world. Among them, the top 19 manufacturers occupied the global production marker share about 70%. Bridgestone, Michelin, Goodyear are the leaders of the industry. With the key technologies and patent, they formed the global market channel of the industry.
Over the next five years, study projects that Automotive Tire will register a 2.4% CAGR in terms of revenue, reach US$ 211500 million by 2023, from US$ 183400 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Tire market by product type, application, key manufacturers and key regions.

To calculate the market size,we consider value and volume generated from the sales of the following segments:

Segmentation by product type:
Bias Tire
Radial Tire
Segmentation by application:
Passenger Car
Commecial Car
This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Cooper Tire
Kumho Tire
Toyo Tire
Apollo Tyres
Triangle Group
Nexen Tire
Hengfeng Rubber
Nokian Tyres

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives:
#To study and analyze the global Automotive Tire consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
#To understand the structure of Automotive Tire market by identifying its various subsegments.
Focuses on the key global Automotive Tire manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
#To analyze the Automotive Tire with respect to individual growth trends, future prospects, and their contribution to the total market.
#To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
#To project the consumption of Automotive Tire submarkets, with respect to key regions (along with their respective key countries).
#To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Sudeep Chakravarty
Market Research Reports Inc.
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