Sales on a Steep Decline amid COVID-19 Pandemic; Trade Restrictions Put a Major Dent on Winter Tires Industry, Finds a New Fact.MR Study

Posted on 2020-07-04 by Mark Hub in Automotive // 0 Comments

Fact.MR, in a recently published market study, highlights the important factors that are expected to shape the growth of the Winter Tires market over the forecast period (2018-2028). The current trends, market drivers, opportunities, and restraints are thoroughly evaluated to provide a clear understanding of the current market landscape and the course the Winter Tires market is likely to take over the upcoming decade.

The COVID-18 (Coronavirus) outbreak has led to both advantages and disadvantages for companies in the Winter Tires market. With the help of our recently published report, market players can adopt innovative strategies to overcome the challenges that lie ahead of the COVID-18 lockdown period. Through our research study, companies can gain factual information about COVID-18 and how it’s impacting the sales of products in the global market landscape.

According to the report, the Winter Tires market is slated to register a CAGR growth of 3.9% through the considered assessment period owing to several key factors including growing investments in the Winter Tires, rise in the number of research and development projects, favorable regulatory policies and more. The analysts at Fact.MR deploy present-day research techniques while curating the market study and gather data from credible and trusted primary and secondary sources.

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In this Winter Tires market study, the following years are considered to project the market footprint:

History Year: 2013 – 2017
Base Year: 2013
Estimated Year: 2018
Forecast Year: 2018 – 2028

After reading the Winter Tires market report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the growth of the global Winter Tires market.
Analyze key regions holding significant share of the total Winter Tires market revenue.
Study the growth outlook of the global Winter Tires market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the Winter Tires market growth.
Investigate the recent R&D projects performed by each Winter Tires market player.

Reports available at discounted prices for first-time buyers! Offer expires soon!

The Winter Tires market report covers the following regions:

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
Japan
APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)

On the basis of product type, the Winter Tires market report considers the following segments:

Studded
Studless

On the basis of end-use, the Winter Tires market report includes:

Prominent Winter Tires market players covered in the report contain:

Bridgestone Corp.
Continental AG
Goodyear Tire & Rubber Co.
Nokian Renkaat Ojy

The behavior pattern of each player – new product launches, partnerships, and acquisitions – has been analyzed in the Winter Tires market report comprehensively. In addition, the research encompasses the strengths, weaknesses, opportunities and threats of each Winter Tires market vendor in an in-depth manner.

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