Tires Market Report Scope and Research Methodology :
Our comprehensive Tires Market report is the result of rigorous research methodology. It incorporates a wide array of data sources, including market trends, industry analysis, and expert insights. Our approach ensures that complex data is presented in an easily understandable manner, making it valuable to industry stakeholders and decision-makers.
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Tires Market Dynamics:
1. Increase in Vehicle Production & Sales: The global tire market is primarily driven by the continuous surge in global vehicle production and sales. This growth extends to commercial vehicles such as trucks, tractors, and trailers, further boosting market prospects. Increasing consumer preferences for lightweight, luxury, and premium vehicles are contributing to the market’s expansion. With global vehicle sales projected to reach an estimated XX million by 2026, the demand for tires remains robust.
2. Growing Production and Sales of Electric Vehicles: The rise of electric vehicles (EVs) is expected to drive the tire market in the coming years. Consumers are increasingly concerned about environmental issues, leading to stricter regulations aimed at reducing emissions. Consequently, manufacturers are focusing on developing environmentally sustainable options, making EVs more appealing due to their improved range, battery life, reliability, and affordability. China, a leader in the EV market, is projected to reach a market value of 3.79 million units by 2026.
Tires Market Regional Insights:
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Tires Market 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
Tires Market Key Players:
Asia Pacific
Apollo Tyres Ltd (India)
MRF (India)
CEAT (India)
JK Tyre & Industries Ltd (India)
Madras Rubber Factory Ltd.(India)
Bridgestone Corporation (Japan)
Toyo Tire & Rubber Co., Ltd.(Japan)
Sumitomo Corporation(Japan)
Yokohama Tire Corporation (Japan)
Giti Tire Pte. Ltd (Singapore)
Cheng Shin Rubber Ind. Co. Ltd (Taiwan)
Maxxis International (Taiwan)
Hankook Tire Co., Ltd (South Korea)
Kumho Tire Co., Inc (South Korea)
Nexen Tire Corporation(South Korea)
Zhongce Rubber Group Co., Ltd.(China)
Sailun Group Co. Ltd.(China)
Shandong Linglong Tire Co., Ltd (China)
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Table of content for the Tires Market includes:
Key Offerings:
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