The Global Automotive Tire Market is expected to grow from US$ 233.15 Bn in 2017 to US$ 306.44 Bn by 2025 at a CAGR of 3.8% between 2018 and 2025.
The key players operating in the automotive tire market includes Hankook Tire, Apollo Tires Ltd., Michelin, Continental AG, MRF Tires, Bridgestone Corporation, Yokohama Rubber Co. Ltd., The Goodyear Tire & Rubber Company, Pirelli & C. S.P.A, and Dunlop India Limited among others. Demographic trends, rising disposable income of individuals, and better standard of living is responsible to boost the production of automotive in the Asian countries. China and Japan is expected to hold a high market share followed by Rest of APAC and India. Owing to this, several global manufacturers and providers of automotive tire has potential to invest in this region.
The Asia Pacific is one of the prominent region in automotive tire market which is contributing highest revenue globally due to increase in the population. China, Japan, and India are the most populated countries in APAC region. In addition to this, growing economies in APAC region is experiencing a number of initiatives undertaken by regulatory bodies to accelerate the automotive industry in the countries to propel growth of entire automotive industry and eventually automotive tire market.
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Automotive tire market is experiencing a high growth throughout the globe, driven by growth in construction, manufacturing, agriculture, mining, and other industries. Moreover, increase in the mobility as a service is also propelling the adoption of more and more passenger and commercial vehicles which would further encourage the production and sales of automotive tire. In addition to this, need and growing urge to replace the old/aged tires with new tires is also accountable to increase the aftermarket segment. These factors are anticipated to drive the automotive tire market during the forecast period.
The report aims to provide an overview of global automotive tire market with detailed market segmentation. Also, it analyzes the current market scenario of automotive tire market and forecasts the market till 2025. The report covers market dynamics affecting the automotive tire market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automotive tire market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automotive tire market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
The report focuses on an in-depth segmentation of automotive tire market based on tire type, vehicle type, and distribution channel. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By distribution channel segment, aftermarket is accounted for largest share in the automotive tire market in 2017 and also projected to grow at the highest CAGR during the forecast period.
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TABLE OF CONTENTS
1. INTRODUCTION 141.1 SCOPE OF THE STUDY 141.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14
2. KEY TAKEAWAYS 16
3. AUTOMOTIVE TIRE MARKET LANDSCAPE 203.1 MARKET OVERVIEW 203.2 MARKET SEGMENTATION 213.2.1 Global Automotive Tire Market – By Tire Type 223.2.2 Global Automotive Tire Market – By Vehicle Type 223.2.3 Global Automotive Tire Market – By Distribution Channel 223.2.4 Global Automotive Tire Market – By Geography 223.3 PEST ANALYSIS 243.3.1 NORTH AMERICA – PEST ANALYSIS 243.3.2 EUROPE PEST ANALYSIS 263.3.3 ASIA PACIFIC – PEST ANALYSIS 283.3.4 MIDDLE EAST AND AFRICA – PEST ANALYSIS 303.3.5 South America PEST Analysis 32
4. AUTOMOTIVE TIRE MARKET – KEY INDUSTRY DYNAMICS 344.1 KEY MARKET DRIVERS 344.1.1 Escalation in the production of vehicles worldwide 344.1.2 Government Regulations 344.2 KEY MARKET RESTRAINTS 354.2.1 Sluggish adoption rate of automotive tire in the developing countries 354.3 KEY MARKET OPPORTUNITIES 354.3.1 Growing demand of Mobility as a Service (MaaS) 354.4 FUTURE TRENDS 364.4.1 Integration of smart technology and better sustainable materials is expected to garner the adoption of automotive tires 364.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 36
5. AUTOMOTIVE TIRE – GLOBAL MARKET ANALYSIS 375.1 GLOBAL AUTOMOTIVE TIRE MARKET OVERVIEW 375.2 GLOBAL AUTOMOTIVE TIRE MARKET FORECAST AND ANALYSIS 39
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6. AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 –TIRE TYPE 406.1 OVERVIEW 406.2 GLOBAL AUTOMOTIVE TIRE MARKET BREAKDOWN, BY TIRE TYPE, 2017 & 2025 406.3 BIAS TIRE MARKET 416.3.1 Overview 416.3.2 Bias Tire Market Forecasts and Analysis 416.4 RADIAL TIRE MARKET 426.4.1 Overview 426.4.2 Radial Tire Market Forecasts and Analysis 42
7. GLOBAL AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE 437.1 OVERVIEW 437.2 GLOBAL AUTOMTOIVE TIRE MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2025 437.3 PASSENGER CAR MARKET 447.3.1 Overview 447.3.2 Passenger Car Market Forecasts and Analysis 447.4 LIGHT COMMERCIAL VEHICLE MARKET 457.4.1 Overview 457.4.2 Light Commercial Vehicle Market Forecasts and Analysis 457.5 HEAVY COMMERCIAL VEHICLE MARKET 467.5.1 Overview 467.5.2 Heavy Commercial Vehicle Market Forecasts and Analysis 46
8. AUTOMOTIVE TIRE MARKET ANALYSIS- BY DISTRIBUTION CHANNEL 478.1 OVERVIEW 478.2 AUTOMOTIVE TIRE MARKET ANALYSIS– BY DISTRIBUTION CHANNEL, FORECAST AND ANALYSIS 478.3 OEMS MARKET 488.3.1 Overview 488.3.2 OEMs Market Forecast & Analysis 488.4 AFTERMARKET MARKET 498.4.1 Overview 498.4.2 Aftermarket Market Forecast & Analysis 49
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