All-season Tire Market in Europe 2018-2022| Key Facts and Figures| Technavio
LONDON--(BUSINESS WIRE)--Oct 8, 2018--The all-season tire market in Europe is expected to post a CAGR of over 28% during the period 2018-2022, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the all-season tire market in Europe for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of this market is the mounting realization that all-season tires are an affordable and cost-effective solution for the long term. All-season tires witness high penetration in the European economies owing to their versatility in terms of performance and functionality. The appropriated pricing of these tires is one of the major market drivers as it increases their overall value proposition.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the incorporation of green materials and technologies for tire manufacturing as one of the key emerging trends in the all-season tire market in Europe:
All-season tire market in Europe: Incorporation of green materials and technologies for tire manufacturing
The erstwhile pristine environments are degrading year-on-year owing to numerous factors. With time running out, governmental organizations, institutions, and different industries have been briskly augmenting the use of advanced green manufacturing techniques and processes.
“Implementation of advanced manufacturing processes tools, methods and raw materials can be seen in the tire industry as well, wherein tire manufacturers are making use of materials and manufacturing processes that help to reduce any ecologically harmful footprints,” says a senior analyst at Technavio for research on wheels and tires.
All-season tire market in Europe: Segmentation analysis
This market research report segments the all-season tire market in Europe by end-user (aftermarket and OEM).
The aftermarket segment held the largest market share in 2017, accounting for nearly 70% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE AFTERMARKET TIRES & RUBBER
SOURCE: Technavio Research
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PUB: 10/08/2018 12:53 PM/DISC: 10/08/2018 12:53 PM