Tires Market Report Scope and Research Methodology :
The “Global Tires Market Report (2023-2029)” provides an in-depth examination of the tire industry, covering its past and present status, as well as forecasting future market trends. The report encompasses various aspects, including market dynamics, segmentation analysis, distribution channels, and regional insights. It aims to offer stakeholders a clear understanding of the industry’s current state and its future prospects.
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Tires Market Dynamics:
1. Increase in Vehicle Production & Sales
The global tire market is driven by the continuous growth in vehicle production and sales worldwide. This includes commercial vehicles such as trucks, tractors, and trailers, as well as the rising demand for low-weight cars, luxury, and premium vehicles. The global vehicle sales, which stood at 88.7 million in 2019, are expected to reach XX million by 2026, contributing to the increasing demand for tires.
2. Growing Production and Sales of Electric Vehicles
The growing popularity of electric vehicles, fueled by environmental concerns, stricter regulations, and advancements in technology, is expected to propel the tire market. China, in particular, is leading the electric vehicle market, with a projected market value of 3.79 million by 2026.
Tires Market Regional Insights:
- United States: Holding a 28 percent market share, the U.S. tire market is expected to grow at a rate of 5.4 percent during the forecast period.
- Europe: The European market is projected to reach 593 billion units, with Germany growing at a CAGR of 3.4 percent. Japan and Canada are also expected to experience growth at 2.6 percent and 3.6 percent, respectively.
- Asia-Pacific: This region is expected to grow at a CAGR of 5.3 percent, with China, India, and Japan accounting for 72 percent of the Asian tire market.
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Tires Market Segmentation:
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:
- Global Tires Market : Research Methodology
- Global Tires 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 Tires Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A 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, Size and Forecast by different segment | 2023−2029
- 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
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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