Automotive Tire Market to Witness Robust Expansion Throughout the Forecast Period 2023

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Worldwide Market Reports added Latest Research Report titled “Automotive Tire Market by Manufacturers, Regions, Product Type and Application, Forecast to 2023” to its Large Report database.

Tire is a ring or band of rubber, either solid or hollow and inflated, or of metal, placed over the rim of a wheel to provide traction, resistance to wear, or other desirable properties.

This report we researched the automotive type which is used in automotive.

Scope of the Report:

This report focuses on the Automotive Tire in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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Asia is the biggest supplier of automotive tire, the production market share of Asia was 59.23% in 2015. Europe is the second supplier, with the production market share of 16.9% in 2015.

Europe is the biggest consumer of automotive tire, the consumption of Europe was more than 479 million units in 2015 with the consumption market share of 26.12%. North America is the second consumer with the consumption market share of 23.25% in 2015.

Market competition is intense. There are more than 60 key of automotive tire manufacturers in the world. Among them, the top 19 manufacturers occupied the global production marker share about 70%. Bridgestone, Michelin, Goodyear are the leaders of the industry. With the key technologies and patent, they formed the global market channel of the industry.

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The worldwide market for Automotive Tire is expected to grow at a CAGR of roughly 2.4% over the next five years, will reach 211500 million US$ in 2023, from 183400 million US$ in 2017, according to a new GIR (Global Info Research) study.

Market Segment by Manufacturers, this report covers

Bridgestone

Michelin

Goodyear

Continental

Pirelli

Hankook

Sumitomo

Yokohama

Maxxis

Zhongce

GITI Tire

Cooper Tire

Kumho Tire

Toyo Tire

Apollo Tyres

Triangle Group

Nexen Tire

Hengfeng Rubber

Nokian Tyres

Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

Bias Tire

Radial Tire

Market Segment by Applications, can be divided into

Passenger Car

Commecial Car

Price of Report: $3480 (Single User License)

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Key Reasons to Purchase:

Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.

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Plan mergers and acquisitions meritoriously by identifying key players and it’s most promising pipeline therapeutics.

Formulate corrective measures for pipeline projects by understanding Automotive Tire Market pipeline depth and focus of Indication therapeutics.

Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and scope.

And Continue.

In conclusion, Automotive Tire Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data which will serve as a profitable guide for all the Automotive Tire Market competitors.

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