Global Tires Market Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2029


Posted May 23, 2023 by dhirajsarnaik

The global tire market is primarily driven by rising vehicle production and sales all over the world. Commercial vehicle sales, such as trucks, tractors, and trailers, are also propelling the market forward.

 
Global Tires Market Overview

The market overview of the Global Tires market industry reveals a comprehensive analysis of its intricate dynamics. The report presents global, regional, and national market revenue forecasts, emphasizing segment and region-wise sales projections. Notably, the report highlights the intense rivalry within the industry, making it a must-read for industry players seeking to stay ahead of the competition.

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Global Tires Market Report Scope and Research Methodology

The report has analysed the Global Tires Market based on various factors such as region, revenue, financial status, portfolio, technological advancement, and mergers and acquisitions. The analysis has focused on both new entrants and existing players in the market to provide a comprehensive view of growth prospects and future business outlooks. The report's goal is to act as a guide for stakeholders, investors, market players, followers, and new entrants by providing an overall view of the Global Tires market to formulate investment approaches and marketing tactics.

The report has used a bottom-up approach to estimate the Global Tires market size. This approach involves starting with specific data points and aggregating them to arrive at an overall market estimate. This method is useful when there is limited data available or when the market is highly fragmented. Overall, the methodology used in the report seems robust and comprehensive, providing valuable insights into the Global Tires market

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Global Tires Market Regional Insights

The report provides an extensive analysis of the factors that drive growth, constraints, potential future opportunities, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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Global Tires Market Segmentation

By Distribution Channel, the OEM segment dominated the market, with a market share of over 70%, and is expected to continue its dominance through 2025. The expansion of the OEM market is aided by the rising production of vehicles and stable output in the automobile sector. Increased consumer awareness of road safety, along with an increase in the frequency of traffic incidents, has compelled tire manufacturers to focus on tire efficiency and performance. Also, the aftermarket segment holds 12% of the market share in 2021. The growing average vehicle life and demand for the replacement of tires is expected to drive the growth of the segment during the forecast period.

Global Tires Market Key Players

• Apollo Tyres Ltd
• Avon Tyres
• Bridgestone Corporation
• CEAT
• Cheng Shin Rubber Ind. Co. Ltd
• Continental AG
• Cooper Tire & Rubber Company
• Giti Tire Pte. Ltd
• Goodyear Tire & Rubber Company
• Hankook Tire Co., Ltd
• JK Tyre & Industries Ltd
• Kumho Tire Co., Inc
• Maxxis International
• Michelin
• MITAS A.S.
• MRF
• Nexen Tire Corporation
• Nokian Tyres Oyj
• Pirelli & C. S.p.A
• Shandong Linglong Tire Co., Ltd

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Key questions answered in the Global Tires Market are:

What is Global Tires ?
What are the factors driving the Global Tires Market growth?
What are the main challenges the Global Tires Market growth?
What was the Global Tires market size in 2021?
Which trends are expected to generate additional revenue for the Global Tires market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Global Tires Market?
What growth strategies are the players considering to increase their foothold in the Global Tires Market?
Who held the largest market share in the Global Tires Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
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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Issued By Dhiraj
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Business Address MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT Park Phase 2, Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India.
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Categories Advertising , Blogging , Business
Tags size , growth , analysis
Last Updated May 23, 2023