Global Automotive Tire Market Should Grow to Over US$ 340 Bn in 2022 – Fact.MR

ROCKVILLE, US, 2018-Apr-17 — /EPR Network/ —    Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Automotive Tire Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global automotive tire market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.

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With a strong focus on fuel efficiency, and demand for low-rolling resistance tires, along with stringent environment regulations, the global market for automotive tires is likely to witness an upsurge in the near future. The market is also expected to benefit from increasing prevalence of green tires on the back of rapidly growing concerns associated with overflowing landfills of scrap tires, and inadequate recycling efforts. OEMs are now focusing on performance and efficiency of tires as imperative engineering parameters. Fact.MR offers a detailed analysis on the global automotive tire market in its recent research for the forecast period 2017 to 2022.

China Remains Lucrative in the Global Automotive Tire Market

The dominance of China in the global automotive market can hardly be overstated. The country sells more automobiles than the U.S. and Japan combined and is a force to be reckoned with in the industry. Almost all the global players have a major presence in the country and it is vital to their future prospects. Pilot runs of new cars and R&D of emergent technologies are all carried out keeping China’s requirements in mind and it will have a massive impact on the automotive tire market. China is anticipated to remain the most important automotive tire market for some time to come and global OEM’s are advised to work in close collaboration with their partners and suppliers in the country. Largely due to China, the global automotive tire market should grow to over US$ 340 billion in 2022 from a value of slightly below US$ 270 billion in 2017 – recording a CAGR of 5.1%.

Two-wheelers and LCV to Drive the Automotive Tire Market

The LCV segment is estimated to be worth nearly US$90 billion by end 2022 while the two-wheeler market is poised to procure two third of this value by that year. Therefore, these segments of the automotive tire market are critical for key stakeholders to target and it would be safe to say that they are far more important than either the PC or M&HCV segment. Unsurprisingly, the fast-growing, populous APEJ region is the largest contributor to both these segments in the automotive tire market.

M&HCV and OTR Segments May Need Customized Approach

While two-wheelers and LCV are the bulk of the automotive tire market, the M&HCV can be overlooked entirely as it is assessed to grow with a sluggish CAGR. Even the OTR segment could represent a lucrative opportunity to provide customized products in the automotive tire market as it is assessed to grow to slightly over US$ 13 billion in 2022.

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Table of Content

Chapter 1 .Global Tyre Market – Executive Summary .22

Chapter 2 .Global Tyre Market Overview .24
2.1 .Introduction .24
2.1.1 .Global Tyre Market Taxonomy .24
2.1.2 .Global Tyre Market Definition .24
2.2 .Global Tyre Market Size (US$ Mn) and Forecast, 2012-2022 .24
2.2.1 .Global Tyre Market Y-o-Y Growth .24
2.3 .Global Automotive Tyre Market: Macroeconomic Factors .25
2.3.1 .Economic Outlook .25
2.3.2 .International Policy .25
2.3.3 .Profitability of Enterprises .26
2.3.4 .Increasing Purchasing Power of Middle Class .26
2.3.5 .Complex Eco System .26
2.3.6 .Supply chain Issues .26
2.3.7 .End-user Sentiment .26
2.4 .Global Automotive Tyre Market Impact Factors .27
2.4.1 .Autonomous Vehicles .27
2.4.2 .The Influence of China .27
2.4.3 .Innovations in Technology .27
2.4.4 .Dilemma on Shift to New Technologies .28
2.4.5 .Disruption in Traditional Business Models .28
2.4.6 .Rising Component Costs in Developing Countries .28
2.4.7 .Shrinking Product Development Time .28
2.4.8 .Fluctuating Input costs .29
2.4.9 .Adoption of New Mobility Solutions .29

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