Automotive OE tyres and wheels market will reach at an estimated value of USD 135.62 billion and grow at a CAGR of 3.25% in the forecast period of 2021 to 2028. Rising focus on innovations and advancements in the market requiring light-weight materials is an essential factor driving the automotive OE tyres and wheels market.Tyres are rubber structures that are shaped like a ring and surround the wheels of the vehicles. These tyres are responsible for the mobility of the vehicle and also help in distributing the weight of the vehicle from the axels to the ground. Increase in automotive production and sales across different vehicles segment is a crucial factor accelerating the market growth, also increase in competition among tire manufacturers, rising introduction of advanced technology in the manufacturing process, rising low production costs, increasing availability of economic labor, lenient emission and safety norms, and rising government initiatives for FDIs are the major factors among others boosting the automotive OE tyres and wheels market. Moreover, rising fuel efficiency and safety concerns, increasing technological advancements and rising modernization in the production techniques and increasing research and development activities in the market will further create new opportunities for automotive OE tyres and wheels market in the forecast period mentioned above.
However, volatile prices of raw materials and rising development in the market of retreading tires are the major factors among others restraining the market growth, and will further challenge the automotive OE tyres and wheels market in the forecast period mentioned above. This automotive OE tyres and wheels market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive OE tyres and wheels market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive OE Tyres and Wheels Market, By Wheel Material (Alloy, Carbon Fibre, Steel, Others), Vehicle Type (Commercial Vehicles, Passenger Vehicles), Tyre Material (Natural Rubber, Synthetic Rubber), Aspect Ratio (70), Section Width (230 mm), Vehicle Class (Luxury Vehicles, Economy Vehicles, Mid-Priced Vehicles), Wheel Size (13-15 inches, 16-18 inches, 19-21 inches, Greater than 21 inches), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028. Automotive OE tyres and wheels market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive OE tyres and wheels market.
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FACTORS DRIVING GROWTH IN AUTOMOTIVE OE TYRES AND WHEELS MARKET:
Rapid rise in demand of vehicles:
According to International Organization of Motor Vehicle Manufacturers, in 2015 the total sales of vehicles amounted up to an estimated 89 million, where passenger car vehicles amounted up to 66 million of those sales and 23 million of commercial vehicles. This number rose to an estimated 94 million in 2016, where passenger car vehicles amounted to 70 million and 24 million of commercial vehicles sales. In 2017, this number rose to an estimated 97 million in 2017, 71 million of those sales in passenger car vehicles and 26 million in commercial vehicle sales. This rise in demand of vehicles bodes well for the growth of automotive OE tyres and wheels as these products are basis for the working operations of the vehicle.
Automotive OE Tyres and Wheels Market Scope and Market Size:
Automotive OE tyres and wheels market is segmented on the basis of wheel material, vehicle type, tyre material, aspect ratio, selection width, and vehicle class and wheel size. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. On the basis of wheel material, automotive OE tyres and wheels market is segmented into alloy, carbon fibre, steel and others. Based on vehicle type, the automotive OE tyres and wheels market is segmented into commercial vehicles and passenger vehicles. Based on tyre material, the automotive OE tyres and wheels market is segmented into natural rubber and synthetic rubber. Based on aspect ratio, the automotive OE tyres and wheels market is segmented into 70.Based on selection width, the automotive OE tyres and wheels market is segmented into 200, 200-230 and >230 mm.Based on vehicle class, the automotive OE tyres and wheels market is segmented into luxury vehicles, economy vehicles and mid-priced vehicles. The automotive OE tyres and wheels market is also segmented on the basis of wheel size into 13-15 inches, 16-18 inches, and 19-21 inches and greater than 21 inches.
Key Market Competitors:
The major players covered in automotive OE tyres and wheels market report are IOCHPE, Bridgestone Corporation, Superior Industries International, Inc., Apollo Tyres, MICHELIN, CITIC LIMITED, Steel Strips Wheels Limited, Hitachi Metals, Ltd., The Goodyear Tire & Rubber Company, Wanfeng Group Co., Ltd., MANGELS, Accuride Wheels, Continental AG, RONAL GROUP, thyssenkrupp AG, TOPY INDUSTRIES LIMITED, Sumitomo Rubber Industries, Ltd., Pirelli & C. S.p.A., ZC-RUBBER, THE YOKOHAMA RUBBER CO., LTD., CST, MRF, TOYO TIRE & RUBBER CO., LTD. and Nokian Tyres plc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT:
Chapter One: Automotive OE Tyres and Wheels Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Automotive OE Tyres and Wheels Market Competition, by Players
Chapter Four: Automotive OE Tyres and Wheels Market Size by Regions
Chapter Five: Automotive OE Tyres and Wheels Market Revenue by Countries
Chapter Six: Automotive OE Tyres and Wheels Market Revenue by Type
Chapter Seven: Automotive OE Tyres and Wheels Market Revenue by Application
Chapter Eight: Automotive OE Tyres and Wheels Market Revenue by Industries
Chapter Nine: Automotive OE Tyres and Wheels Market Revenue by Deployment Model
Chapter Ten: Automotive OE Tyres and Wheels Market Revenue by End User
Get Table of Content on: https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-oe-tyres-and-wheels-market
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The key questions answered in this report:
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What is the Key Outcomes of Porter’s five forces model
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