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(USGovernment-News.Com, August 18, 2018 ) Automotive tires are utilized in covering the rim of the wheel to protect it and withstand the tactic force between the vehicle and the road surface. Rubber is used to manufacture tires, which gives flexibility to cover the rim of the wheel, thus supports to reduce vibrations in the vehicle machinery. The demand for tires is highly dependent on increase in demand for automobiles.
The key drivers for the growth of this market are increasing demand for green tires, increase in vehicle production, increase in average age of vehicles in operation, and increase in the demand for less rolling resistance tires that are led by strict government regulations. The trends that have a major impact on this market include development of TPMS systems, development of non-pneumatic tires, and focus on fuel-efficient tires.
The "Global Automotive Tire Market Analysis to 2025" is a specialized and in-depth study of the automotive tire industry with a focus on the global market trend. The report aims to provide an overview of global automotive tire market with detailed market segmentation by tire type, vehicle type, end user and geography. The global automotive tire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive tire market based on tire type, vehicle type, and end user. It also provides market size and forecast till 2025 for overall automotive tire market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
Also, key automotive tire market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Michelin, Pirelli & C. S.P.A, Dunlop, Yokohama Rubber Co. Ltd., Apollo Tires Ltd, MRF Tires, and Hankook Tire among others.
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