Automotive Tire Market Analysis and Research to Witness Relatively Significant Growth During 2017-2022

Posted on 2019-08-16 by Mark Hub in Industrial // 0 Comments

A recent surge in the mobility service offerings across the world is fuelling demand for lightweight commercial vehicles. Growing traffic congestion, environmental concerns, and advancements in technology are gradually inducing a change in consumer perception. Mobility solutions include a wide array of services such as shared transport, on-demand transport, autonomous driving vehicles, and subscription-based transport services. These services are likely to create demand for commercial vehicles in the foreseeable future and are expected to be a vital cause contributing to the growth of the automotive tire market. According to the report, LCVs are estimated to contribute US$ 76 billion to the automotive tire market revenue in 2019.

Automotive Tire Market: Key Insights

Despite sluggishness in the sales of automotive vehicles in the past, the automotive tire market growth remained buoyant registering a CAGR of 4.2% during the 2012-2016 period.
The automotive tire market generated a revenue of almost US$ 280 billion in 2018 and is estimated to register a Y-o-Y growth of 5% in 2019 through 2018.
APEJ is expected to retain the bulk of the automotive market share during the forecast period with the region expected to account for almost 50% of the market revenue share in 2019.
The Asian Pacific Excluding Japan (APEJ) region is also expected to register the fastest growth in the automotive tire market. Rapid industrialization due to the bolstering manufacturing industry in the region coupled with the emergence of newly developed economies in Philippines, Indonesia, Malaysia, and Thailand is expected to uphold automotive market growth.

For More Details – A sample of this report is available upon request here –

https://www.factmr.com/connectus/sample?flag=S&rep_id=12

Table of Content

Chapter 1 .Global Automotive Tire Market – Executive Summary .22

Chapter 2 .Global Automotive Tire Market Overview .24
2.1 .Introduction .24
2.1.1 .Global Automotive Tire Market Taxonomy .24
2.1.2 .Global Automotive Tire Market Definition .24
2.2 .Global Automotive Tire Market Size (US$ Mn) and Forecast, 2012-2022 .24
2.2.1 .Global Automotive Tire Market Y-o-Y Growth .24
2.3 .Global Automotive Automotive Tire 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 Automotive Tire 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
2.4.10 .Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis .29
2.4.11 .Rising Complexity Influencing Greater Emphasis on Platformimg .29
2.4.12 .Increasing R&D expenditure .30
2.4.13 .Trends .30
2.4.13.1 .Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis .30
2.4.13.2 .Rising Complexity Influencing Greater Emphasis on Platformimg .30
2.5 .Supply Chain .31
2.6 .Cost Structure .31
2.7 .Pricing Analysis .31
2.8 .Raw Material Sourcing Strategy and Analysis .32
2.9 .List of Distributors .32
2.10 .Key Participants Market Presence (Intensity Map) By Region .32
2.11 .Competitive Assessment and Technology Trends in Future .33

Chapter 3 .Global Automotive Tire Market Analysis and Forecast By Product Type .34
3.1 .Global Automotive Tire Market Size and Forecast By Product Type, 2012-2022 .34
3.1.1 .Radial Automotive Tire Market Size and Forecast, 2012-2022 .34
3.1.1.1 .Revenue (US$ Mn) Comparison, By Region .34
3.1.1.2 .Market Share Comparison, By Region .35
3.1.1.3 .Y-o-Y growth Comparison, By Region .36
3.1.2 .Bias Automotive Tire Market Size and Forecast, 2012-2022 .37
3.1.2.1 .Revenue (US$ Mn) Comparison, By Region .37
3.1.2.2 .Market Share Comparison, By Region .38
3.1.2.3 .Y-o-Y growth Comparison, By Region .39

To be Continue………..

Robust Demand for Radial Tires to Prevail as LCV Sales Burgeon

The multi-layer structure of radial tires consisting of steel chords and steel cable beading impart great strength and durability to the tires which are vital reasons driving the demand for the tires in all vehicle segments. Additionally, the tread of radial tires enable better gripping of surface and substantially reduces rolling resistance which, in turn, provides better safety and contributes substantially to greater fuel efficiency. The assortment of benefits offered by radial tires is being leveraged in the lightweight commercial vehicle (LCV) segment. A significant rise in vehicle rental and sharing services is a key factor propelling LCV sales around the world. Substantial growth in LCV fleets around the world is likely to underpin the growing demand for radial tires.

Leading players operating in the automotive tire market include Bridgestone Corporation, The Yokohama Rubber Co., Ltd., Madras Rubber Factory Limited, Pirelli & C. S.p.A, Apollo Tyres Ltd., and Cheng Shin Rubber Industry Co.

Have Any Query?? Ask Our Industry Expert

https://www.factmr.com/connectus/sample?flag=AE&rep_id=12

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Matched content

Editor’s pick