Global Tire Market Share, Growth Trends, Size, Demand and Forecasts 2017-2022
Currently, many varieties of tires are available in the market which include high performance tires, mud tires, all-season tires, all-terrain tires, light trailer tires, run-flat tires, off the road tires, etc. According to a new report by Expert Market Research, the global tire market reached a volume of 2.9 Billion Units in 2016 and is further expected to reach 3.6 Billion units by 2022. To view the report summary and Table of Contents, click on: http://www.expertmarketresearch.com/reports/tire-market-report
Currently, many varieties of tires are available in the market which include high performance tires, mud tires, all-season tires, all-terrain tires, light trailer tires, run-flat tires, off the road tires, etc. According to a new report by Expert Market Research, the global tire market reached a volume of 2.9 Billion Units in 2016 and is further expected to reach 3.6 Billion units by 2022. To view the report summary and Table of Contents, click on: http://www.expertmarketresearch.com/reports/tire-market-report
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<strong>Global</strong> <strong>Tire</strong> <strong>Market</strong> to Reach 3.6 Billion units by<br />
<strong>2022</strong><br />
Copyright © 2016 Expert <strong>Market</strong> Research. All Rights
REPORT DESCRIPTION<br />
<strong>Global</strong> <strong>Tire</strong> <strong>Market</strong> to Reach 3.6 Billion units by <strong>2022</strong><br />
<strong>Tire</strong> is part of a vehicle in the shape of a ring which covers the rim of the wheel. It is manufactured<br />
mainly with rubber, carbon black <strong>and</strong> other chemical compounds. Majority of the tires are pneumatic<br />
tires which are filled with compressed air to form an inflated cushion <strong>and</strong> are used in various types of<br />
vehicles such as bicycles, cars, bikes, trucks, buses, heavy equipment <strong>and</strong> aircraft. They provide a<br />
flexible cushion to absorb shock along with protection <strong>and</strong> enhancement of the vehicle to give better<br />
performance.<br />
Currently, many varieties of tires are available in the market which include high performance tires,<br />
mud tires, all-season tires, all-terrain tires, light trailer tires, run-flat tires, off the road tires, etc.<br />
According to a new report by Expert <strong>Market</strong> Research, the global tire market reached a volume of 2.9<br />
Billion Units in 2016 <strong>and</strong> is further expected to reach 3.6 Billion units by <strong>2022</strong>.<br />
A significant rise in the production of tires has been witnessed during 2009-2016 as a result of the<br />
growing automobile industry. The sales of commercial <strong>and</strong> passenger vehicles have majorly increased<br />
in the developing countries. The rising dem<strong>and</strong> for high performance <strong>and</strong> low-profile tires, low rolling<br />
resistance tires, technology advanced smart tires, <strong>and</strong> eco-friendly tires with better fuel economy<br />
have also stimulated the tire market. Moreover, urbanization, rising population, increasing disposable<br />
incomes, changing lifestyles along with a strong dem<strong>and</strong> from emerging markets are some of the<br />
other factors that have facilitated the market growth.
REPORT DESCRIPTION
REPORT DESCRIPTION<br />
Key findings from the report:<br />
• The major end-uses of tire include passenger car or light truck, commercial tires (trucks) <strong>and</strong><br />
commercial tires (off-highway). In 2016, passenger car or light truck represented the largest end-use<br />
segment with the majority of the market share.<br />
• The global tire market is segmented as OEM <strong>and</strong> replacement market. The replacement market<br />
dominated in 2016 with around a seventh of the share.<br />
• Region-wise, China dominated the market with a share of nearly half of the total global production<br />
in 2016. It was followed by Europe, US, Japan <strong>and</strong> India.<br />
• Being fragmented in nature, the global tire market is surrounded by a number of players. Some of<br />
these players include Bridgestone Corporation, Groupe Michelin France, Goodyear Tyre & Rubber<br />
Co., Continental AG Germany, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., Hankook Tyre Co.,<br />
Yokohama Rubber Corp., Cheng Shin Rubber <strong>and</strong> Zhongce Rubber Group Co. Ltd.<br />
To request a sample copy of this report, click on the link below:<br />
http://www.expertmarketresearch.com/request?type=report&id=82&flag=B
REPORT DESCRIPTION<br />
Expert <strong>Market</strong> Research has analysed the global tire market according to end-use, segment, major<br />
regions <strong>and</strong> top players:<br />
<strong>Market</strong> breakup by End-use<br />
• Passenger Car or Light Truck<br />
• Commercial <strong>Tire</strong>s (Trucks)<br />
• Commercial <strong>Tire</strong>s (Off-Highway)<br />
<strong>Market</strong> breakup by Segment<br />
• OEM <strong>Market</strong><br />
• Replacement <strong>Market</strong><br />
<strong>Market</strong> breakup by Region<br />
• China<br />
• Europe<br />
• US<br />
• Japan<br />
• India
REPORT DESCRIPTION<br />
Top players<br />
• Bridgestone Corporation<br />
• Groupe Michelin France<br />
• Goodyear Tyre & Rubber Company<br />
• Continental AG Germany<br />
• Pirelli & C. S.p.A.<br />
• Sumitomo Rubber Industries Ltd.<br />
• Hankook Tyre Co.<br />
• Yokohama Rubber Corp.<br />
• Cheng Shin Rubber<br />
• Zhongce Rubber Group Co. Ltd.<br />
To view the report summary <strong>and</strong> Table of Contents, click on:<br />
http://www.expertmarketresearch.com/reports/tire-market-report<br />
Find more reports on Chemical <strong>and</strong> Materials Industry:<br />
http://www.expertmarketresearch.com/categories/chemicals-market-reports
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