Global Automotive Tire Market Analysis and Forecasts to 2025 by Tire Type, Vehicle Type and Distribution Channel - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 23, 2018--The “Automotive Tire Market to 2025 - Global Analysis and Forecasts by Tire Type; Vehicle Type; and Distribution Channel” report has been added to ResearchAndMarkets.com’s offering.
The global automotive tire market accounted for US$ 233.15 Bn in 2017 and is expected to grow at a CAGR of 3.8% over the forecast period 2018-2025, to account for US$ 306.44 Bn in 2025.
The demand for automotive tires is largely influenced by an escalating demand for vehicle productions; and supportive government regulations related to the production of tires worldwide. Furthermore, the governments of the developed economies such as the US, Canada, the UK, and Germany have undertaken different initiatives to propel the growth of automotive tire through establishing new assembly centers and development centers. However, among the developing countries such as Vietnam, India, Pakistan, South Africa, and others the aftermarket is growing, but not with greater percentage, providing a potential opportunity for the automotive tire market.
The automotive tire market is fragmented with the presence of several automotive manufacturers and the competitive dynamics in the automotive tire market is expected to change during the upcoming years. The heavy commercial vehicles are in huge demand worldwide owing to the inter-country and intra-country transportation and logistics. The US, Canada, and Mexico have a pact, NAFTA (North America Free Trade Agreement), which enables the manufacturers and producers to transport within the states as well as cross borders easily.
This agreement has increased the procurement and fleet size of trucks, trailers and other heavy commercial vehicles in the North America region. Pertaining to this fact, the vehicle manufacturers are installing advanced technology tires on these vehicles with an objective to increase the tire tread life, tire lifespan, and vehicle safety. Owing to the increase in the transportation and logistics sector among the countries globally will create significant opportunities for the companies to leverage an increasing growing automotive tire market.
On the basis of distribution channels, the aftermarket segment is anticipated to continue its dominance in the automotive tire market. The demand for replacement of vehicle tires over a period of time is increasing due to the increasing disposable income among the vehicle users. The rising disposable income has led the mass to invest in newer and technologically advanced vehicular components.
In addition, the automotive consumers are more focused enhancing fuel efficiency of their existing vehicles, and with an objective to do so, the consumers are increasingly procuring technologically advanced tires, thereby projecting a healthy growth rate of automotive tire aftermarket. The tire manufacturers are also offering their tires through online distribution channel & outlets, by their own website or by collaborating with other e-commerce websites, to facilitate the consumers to procure and install desired tires from their location.
Key Topics Covered:
1.1 Scope of the Study
1.2 Research Report Guidance
2. Key Takeaways
3. Automotive Tire Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 Pest Analysis
4. Automotive Tire Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Escalation In the Production of Vehicles Worldwide
4.1.2 Government Regulations
4.2 Key Market Restraints
4.2.1 Sluggish Adoption Rate of Automotive Tire In the Developing Countries
4.3 Key Market Opportunities
4.3.1 Growing Demand of Mobility As a Service (Maas)
4.4 Future Trends
4.4.1 Integration of Smart Technology and Better Sustainable Materials Is Expected To Garner the Adoption of Automotive Tires
4.5 Impact Analysis of Drivers and Restraints
5. Automotive Tire - Global Market Analysis
5.1 Global Automotive Tire Market Overview
5.2 Global Automotive Tire Market Forecast and Analysis
6. Automotive Tire Market Revenue and Forecasts To 2025 -Tire Type
6.2 Global Automotive Tire Market Breakdown, by Tire Type, 2017 & 2025
6.3 Bias Tire Market
6.3.2 Bias Tire Market Forecasts and Analysis
6.4 Radial Tire Market
7. Global Automotive Tire Market Revenue and Forecasts To 2025 - by Vehicle Type
7.2 Global Automotive Tire Market Breakdown, by Vehicle Type, 2017 & 2025
7.3 Passenger Car Market
7.4 Light Commercial Vehicle Market
7.5 Heavy Commercial Vehicle Market
8. Automotive Tire Market Analysis- by Distribution Channel
8.2 Automotive Tire Market Analysis- by Distribution Channel, Forecast and Analysis
8.3 Oems Market
8.3.2 Oems Market Forecast & Analysis
8.4 Aftermarket Market
9. Automotive Tire Market - Geographical Analysis
10. Industry Landscape
10.1 Market Initiative
10.2 New Development
11. Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning - Global Top 5 Players Ranking
12. Automotive Tire Market, Key Company ProfilesBridgestone Corporation Continental AG The Goodyear Tire & Rubber Company Michelin Pirelli & C. S.P.A Dunlop India Limited Yokohama Rubber Co. Ltd. Apollo Tires Ltd. MRF Tires Hankook Tire
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Related Topics:Automotive Tires
INDUSTRY KEYWORD: ONLINE RETAIL TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT AUTOMOTIVE AFTERMARKET TIRES & RUBBER RETAIL
SOURCE: Research and Markets
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PUB: 11/23/2018 11:34 AM/DISC: 11/23/2018 11:33 AM