AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Automotive Winter Tire Market Outlook, 2019-2023 with Bridgestone Corp, Continental, Michelin, Pirelli & C, Goodyear Tire & Rubber Co, and Yokohama Rubber Co Dominating - ResearchAndMarkets.com

April 10, 2019

DUBLIN--(BUSINESS WIRE)--Apr 10, 2019--The “Global Automotive Winter Tire Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The automotive winter tire market will register a CAGR of nearly 5% by 2023.

The government mandates on the use of winter tires are one of the key factors that will drive global automotive winter tire market growth. Winter tires are specially designed to work in extreme winter conditions such as snowfall and hail storm. It offers an extra level of safety and comfort while driving in snow, dry cold, and icy conditions.

Furthermore, several vehicle crashes occur due to the lack of usage of winter tires in extreme winter conditions. Therefore, the government mandates to use winter tires to avoid the probability of on-road collision. This increasing demand for winter tires will subsequently drive automotive winter tire market growth as it leads to improved acceleration, handling, and braking features.

Safety benefits associated with the use of winter tires in extreme conditions

One of the growth drivers of the global automotive winter tire market is the safety benefits associated with the use of winter tires in extreme conditions. The use of winter tires leads to improved acceleration, handling and braking characteristics. These performance advantages and benefits increase the value proposition of winter tires, thereby driving their demand in the market.

Volatility in rubber prices

One of the challenges in the growth of the global automotive winter tire market is the volatility in rubber prices. Fluctuations in rubber prices can create volatility in associated raw materials, which will hinder the growth of the market.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several market players. Several winter tire vendors are focusing on spending more on efficient tread designs and improved traction capabilities for making the tires more fuel efficient and environmentally friendly.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

  • Bridgestone Corporation
  • Continental AG
  • Michelin
  • Pirelli & C. S.p.A.
  • The Goodyear Tire & Rubber Company
  • The Yokohama Rubber Co. Ltd.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • Passenger vehicles - Market size and forecast 2018-2023
  • Commercial vehicles - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

  • Use of new tire compounds for improved flexibility
  • Advances in the field of tire retreading
  • Increasing demand for environment-friendly tires

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bridgestone Corporation
  • Continental AG
  • Michelin
  • Pirelli & C. S.p.A.
  • The Goodyear Tire & Rubber Company
  • The Yokohama Rubber Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/iltbot

View source version on businesswire.com:https://www.businesswire.com/news/home/20190410005750/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Automotive Tires

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 04/10/2019 02:15 PM/DISC: 04/10/2019 02:15 PM

http://www.businesswire.com/news/home/20190410005750/en