The Tires Market is anticipated to reach US$ 169.06 Bn by 2029 from US$ 126.75 Bn in 2022 at a CAGR of 4.2% during a forecast period.
Tires Market Overview:
The goal of this research is to give a comprehensive overview of the Tires Market by segment, industry, and geography. The research includes thorough information on the primary elements impacting the Tires Market industry’s growth. The research also includes an in-depth evaluation of the market’s value chain.
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Market Scope:
The research technique used to analyze and predict the Tires Market begins with the collection of revenue data from major suppliers using secondary research sources. Vendor offers are also taken into account while developing market segmentation. The income of big firms was used to estimate the overall size of the Tires Market using the bottom-up technique.
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Segmentation:
by Type
Radial Tires
Bias Tires
Non-Pneumatic Tires
by Vehicle Type
Passenger Cars
Commercial Cars
Off-Road Cars
by Distribution Channel
OEM
Aftermarket
Key Players:
The major players covered in the Tires Market report are
1.Apollo Tyres Ltd
2.Avon Tyres
3.Bridgestone Corporation
4.CEAT
5.Cheng Shin Rubber Ind. Co. Ltd
6.Continental AG
7.Cooper Tire & Rubber Company
8.Giti Tire Pte. Ltd
9.Goodyear Tire & Rubber Company
10.Hankook Tire Co., Ltd
11.JK Tyre & Industries Ltd
12.Kumho Tire Co., Inc
13.Maxxis International
14.Michelin
15.MITAS A.S.
16.MRF
17.Nexen Tire Corporation
18.Nokian Tyres Oyj
19.Pirelli & C. S.p.A
20.Shandong Linglong Tire Co., Ltd
21.Groupe Michelin France
22.Toyo Tire & Rubber Co., Ltd.
23.Sumitomo Corporation
24.Yokohama Tire Corporation
25.Zhongce Rubber Group Co., Ltd.
26.Sailun Group Co. Ltd.
27.Madras Rubber Factory Ltd.
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Regional Analysis:
A research team conducted extensive primary and secondary research for the worldwide industry’s Tires Market study. Secondary research has been conducted in order to improve the available data, segment the market, assess total market size, forecast market size, and growth rate. Various approaches for calculating market value and market growth rate have been established. Our staff collects market facts and data from many areas in order to provide a more realistic regional perspective. The research’s country-level analysis is developed by examining multiple regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic indicators.
Separate market share data is provided for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts should maximize their competitive strengths and do competitive analysis on each rival independently.
COVID-19 Impact Analysis on Tires Market :
The Tires Market research also includes a complete assessment of COVID-19’s influence on the Tires Market based on import, suppliers, and market players.
Key Questions Answered in the Tires Market Report are:
- Which segment was responsible for the largest share in the Tires Market ?
- How was the competitive scenario of the Tires Market in 2020?
- Which are the key factors responsible for the Tires Market growth?
- Which region held the maximum share in the Tires Market in 2020?
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