Market Values:
The Global Tires Market is poised to reach a market value of US$ 169.06 billion by 2029, exhibiting a notable growth from US$ 126.75 billion in 2022. This represents a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period.
Report Scope:
The report comprehensively analyzes the Global Tires Market, focusing on its significance as a crucial component in vehicles. Tires serve multiple functions, including load-bearing capacity, safety grip, traction, and steering stability. The study delves into the global sale of vehicles, emphasizing the escalating demand for tires in tandem with the increasing global vehicle sales. Notably, the Asia Pacific region emerges as a pivotal market, with China leading due to its cost-effective policies and extensive manufacturing hubs.
Research Methodology:
The research methodology employed in this report ensures a robust and accurate analysis of the Global Tires Market. Stakeholders can gain insights into the industry’s past and current status, along with forecasted market trends and size. The analysis is presented in clear language, making complex data easily comprehensible. Key players in the market, including leaders, followers, and new entrants, undergo a dedicated study. The report employs analytical tools such as PORTER, SVOR, and PESTEL analysis to gauge the market’s potential impact, considering micro-economic factors.
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Dynamics: Increase in Vehicle Production & Sales: Rising global vehicle production and sales, including commercial vehicles like trucks and trailers, are pivotal drivers of the tire market. The demand for low-weight cars, luxury vehicles, and premium vehicles further fuels market growth.
Growing Production and Sales of Electric Vehicles: The surge in the electric vehicles market contributes significantly to the tire market’s growth. Increasing customer awareness of environmental issues and stringent regulations have prompted the development of environmentally sustainable alternatives in vehicles.
COVID-19 Impact on the Global Tires Market: The COVID-19 pandemic has significantly affected tire market sales, with over 44% impacted due to disruptions in transport capabilities and manufacturing challenges during lockdowns.
Regional Insights: United States: The U.S. tire market holds a 28% share and is expected to grow at 5.4% during the forecast period.
Europe: Europe is projected to reach 593 billion units, with Germany growing at a CAGR of 3.4%.
Asia-Pacific: The Asia-Pacific region is anticipated to grow at a CAGR of 5.3%, holding 48% of the global market in 2022. China, India, and Japan collectively account for 72% of the Asia tire market.
Conclusion: The report provides a comprehensive analysis of the Global Tires Market, offering stakeholders valuable insights to make informed decisions. It covers all aspects of the industry, including key player analysis, market dynamics, competitive landscape, and future trends. This report serves as an investor’s guide to navigating the dynamic landscape of the Global Tires Market.
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3D Machine Vision Market Segmentation:
by Type
Radial Tires
Bias Tires
Non-Pneumatic Tires
by Vehicle Type
Passenger Cars
Commercial Cars
Off-Road Cars
3D Machine Vision Market Key Players:
1. Cooper Tire & Rubber Company (U.S)
2. Goodyear Tire & Rubber Company (U.S)
3. Avon Tyres (U.K)
4. Continental AG (Germany)
5. MITAS A.S. (Czech Republic)
6. Michelin (France)
7. Nokian Tyres Oyj (Finland)
8. Pirelli & C. S.p.A (Italy)
9. Apollo Tyres Ltd (India)
10. MRF (India)
11. CEAT (India)
12. JK Tyre & Industries Ltd (India)
13. Madras Rubber Factory Ltd. (India)
14. Bridgestone Corporation (Japan)
15. Toyo Tire & Rubber Co., Ltd. (Japan)
16. Sumitomo Corporation (Japan)
17. Yokohama Tire Corporation (Japan)
18. Giti Tire Pte. Ltd (Singapore)
19. Cheng Shin Rubber Ind. Co. Ltd (Taiwan)
20. Maxxis International (Taiwan)
21. Hankook Tire Co., Ltd (South Korea)
22. Kumho Tire Co., Inc (South Korea)
23. Nexen Tire Corporation (South Korea)
24. Zhongce Rubber Group Co., Ltd. (China)
25. Sailun Group Co. Ltd. (China)
26. Shandong Linglong Tire Co., Ltd (China)
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Table of content for the 3D Machine Vision Market includes:
- Global 3D Machine Vision Market : Research Methodology
- Global 3D Machine Vision Market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global 3D Machine Vision Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- MA by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, SizeandForecast by different segment | 20232029
- Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation A detailed analysis by growth and trend
- Competitive Landscape Profiles of selected key players by region from a strategic perspective
- Competitive landscape Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTERs analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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