Automotive Tire Market
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<strong>Automotive</strong> <strong>Tire</strong> <strong>Market</strong>: Passenger Car Vehicle Type Segment to Lead in Terms of <strong>Market</strong><br />
Share Throughout the Forecast Period: Global Industry Analysis (2012 - 2016) and<br />
Opportunity Assessment (2017 - 2027)<br />
A comprehensive market evaluation put forth by Future <strong>Market</strong> Insights on the global automotive<br />
tire market in its new research report titled “<strong>Automotive</strong> <strong>Tire</strong> <strong>Market</strong>: Global Industry Analysis<br />
(2012-2016) and Opportunity Assessment (2017-2027)” covers the drivers, impact, challenges,<br />
trends as well as opportunities in the global automotive tire market with competition assessment<br />
during the period of 2017-2027. A detailed market segmentation is included in the research<br />
publication based on which the value and volume analysis of various segments and sub-segments is<br />
carried out during the period of assessment. The global automotive tire market is expected to<br />
witness robust growth across main regions of Asia Pacific excluding Japan (APEJ), North America,<br />
Western Europe, Eastern Europe, Latin America, Japan and Middle and Africa (MEA) during the<br />
forecast period.<br />
Request and Download Sample Report @<br />
https://www.futuremarketinsights.com/reports/sample/REP-GB-2686<br />
Global <strong>Automotive</strong> <strong>Tire</strong> <strong>Market</strong>: Trends : There are various trends captured by Future <strong>Market</strong><br />
Insights in this research report which impact the global automotive tire market, and influence its<br />
growth during 2017-2027. The evolving technology which is set to changing the future scenario of<br />
tires, increasing mergers and acquisitions with a view to expand the retail network, the increasing<br />
use of tire pressure monitoring systems (TPMS) thus increasing the awareness of tires and its<br />
functionality among consumers, strategic collaborations taking place between tire manufacturers<br />
with famous non-tire entities to promote brand value and better positioning of their tires, increasing<br />
use of digital platform with which several consumers are able to buy through e-commerce, trend of<br />
switching to green tires as an environment friendly option and decrease in the selling price of small<br />
tires.<br />
Global <strong>Automotive</strong> <strong>Tire</strong> <strong>Market</strong>: Forecast : According to Future <strong>Market</strong> Insights, the global<br />
automotive tire market is expected to grow at a robust growth rate during the forecast period, to<br />
register a CAGR of 6.3% during 2017-2027 and is anticipated to be valued at about US$ 645 Bn by<br />
2027 end.<br />
Global <strong>Automotive</strong> <strong>Tire</strong> <strong>Market</strong>: Segmental Snapshot : The global automotive tire market is<br />
segmented by vehicle type (2/3 wheeler, passenger vehicle, commercial vehicle and specialty<br />
vehicle), by sales channel (OEM and aftermarket), by tire structure (radial and bias) and region.<br />
Passenger cars segment by vehicle type is expected to lead the global market in terms of growth rate<br />
and market share. This segment is anticipated to grow at a high CAGR of 6.8% throughout the<br />
forecast period<br />
Commercial vehicle segment by vehicle type, also shows high potential, and is poised to grow at a<br />
CAGR of 6.1% during the assessment period. In this category, the light commercial vehicle<br />
segment is a high growth segment and is expected to be valued at US$ 102.7 Bn by the end of2027<br />
View and Download TOC <strong>Market</strong> Research Report@<br />
https://www.futuremarketinsights.com/reports/automotive-tires-market/toc<br />
By tire structure, the radial segment is expected to be valued at US$ 550.2 Bn by 2027 end and<br />
also anticipated to grow at a robust growth rate throughout the forecast period 2017-2027<br />
By sales channel, OEM segment reflects higher growth rate during the period of assessment,<br />
however, the aftermarket segment is poised to show high market value by the end of the forecasted<br />
year. The OEM segment is expected to grow at a CAGR of 6.4% during 2017-2027
By Region, Asia Pacific excluding Japan (APEJ) region and Western Europe region are expected to<br />
grow at similar growth rates, however, APEJ is poised to lead the global automotive tire market in<br />
terms of high market share by 2027 end, as it is expected to be valued at around US$ 194 Bn by the<br />
end of the assessment period<br />
Global <strong>Automotive</strong> <strong>Tire</strong> <strong>Market</strong>: Competitive Assessment : The global automotive tire market<br />
research report has analysed various key players involved in the operations related to automotive<br />
tires. Continental AG, Bridgestone Corp., Michelin, Goodyear <strong>Tire</strong> And Rubber Company, Pirelli &<br />
C. S.P.A, Yokohama Rubber Company, Limited, Cheng Shin Rubber Industries, Sumitomo Rubber<br />
Industries Ltd., Toyo <strong>Tire</strong> & Rubber Company, Trelleborg AB, Cooper <strong>Tire</strong> & Rubber Company,<br />
Hankook <strong>Tire</strong>, Madras Rubber Factory Limited, Kumho <strong>Tire</strong> Co. Inc., Apollo Tyres Ltd, Sailun<br />
<strong>Tire</strong>s Ltd, Shandong Linglong Tyre, Nokian Renkaat Ojy, Titan <strong>Tire</strong> Corporation, and Nexen <strong>Tire</strong><br />
America Inc. are the key companies profiled in the global automotive tire market reseach report.