A comprehensive market evaluation put
forth by Future Market Insights on the global automotive tire market
in its new research report titled “Automotive Tire Market: Global
Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”
covers the drivers, impact, challenges, trends as well as
opportunities in the global automotive tire market with competition
assessment during the period of 2017-2027.
A detailed market segmentation is
included in the research publication based on which the value and
volume analysis of various segments and sub-segments is carried out
during the period of assessment. The global automotive tire market is
expected to witness robust growth across main regions of Asia Pacific
excluding Japan (APEJ), North America, Western Europe, Eastern
Europe, Latin America, Japan and Middle and Africa (MEA) during the
forecast period.
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There are various trends captured by
Future Market Insights in this research report which impact the
global automotive tire market, and influence its growth during
2017-2027. The evolving technology which is set to changing the
future scenario of tires, increasing mergers and acquisitions with a
view to expand the retail network, the increasing use of tire
pressure monitoring systems (TPMS) thus increasing the awareness of
tires and its functionality among consumers, strategic collaborations
taking place between tire manufacturers with famous non-tire entities
to promote brand value and better positioning of their tires,
increasing use of digital platform with which several consumers are
able to buy through e-commerce, trend of switching to green tires as
an environment friendly option and decrease in the selling price of
small tires.
According to Future Market Insights, the
global automotive tire market is expected to grow at a robust growth
rate during the forecast period, to register a CAGR of 6.3% during
2017-2027 and is anticipated to be valued at about US$ 645 Bn by 2027
end.
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The global automotive tire market
research report has analysed various key players involved in the
operations related to automotive tires. Continental AG, Bridgestone
Corp., Michelin, Goodyear Tire And Rubber Company, Pirelli & C.
S.P.A, Yokohama Rubber Company, Limited, Cheng Shin Rubber
Industries, Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber
Company, Trelleborg AB, Cooper Tire & Rubber Company, Hankook
Tire, Madras Rubber Factory Limited, Kumho Tire Co. Inc., Apollo
Tyres Ltd, Sailun Tires Ltd, Shandong Linglong Tyre, Nokian Renkaat
Ojy, Titan Tire Corporation, and Nexen Tire America Inc. are the key
companies profiled in the global automotive tire market reseach
report.
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