Automotive Tire Industry Business Overview, Challenges, Opportunities, Trends And Market Analysis By 2025

The Automotive Tire Industry is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Automotive Tire Industry highlights the future prediction and the growth alternatives that can be created.

(firmenpresse) - Automotive Tire Industry Overview

Due to an extraordinary technological level of change in countries such as Thailand, China, India, and Indonesia due to automotive manufacturers setting up bases in these countries due to the low cost of labor and easy availability of capital, has led to a significant shift in the market’s growth trajectory. The improved prosperity of the developing economies is leading to bigger sections of the population purchasing vehicles, particularly in India and China contributing to the overall market’s growth.

Competitive Analysis

The foremost contenders functioning in this market, who have adopted these strategies are Michelin Group (France), Bridgestone Corporation(Japan), Continental AG (Germany), Hankook Tire Co., Ltd. (South Korea), The Goodyear Tire & Rubber Company (U.S.), Cooper Tire & Rubber Company (U.S.), Toyo Tire & Rubber Co., Ltd (Japan), Yokohama Rubber Co. Ltd (Japan), Sumitomo Rubber Industries, Ltd. (Japan) and Pirelli (Italy).

Segmental Analysis

The segmental analysis of the Automotive Tire Industry is based on section width, type, end market, vehicle type, and region. By type, the market is segmented into bias and radial. Among these segments, the radial segment is responsible for the major market share and is expected to remain extremely lucrative through the forecast period. On the basis of section width, the market has been segmented into >230mm,

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Bereitgestellt von Benutzer: sagark18
Datum: 13.05.2020 - 10:19 Uhr
Sprache: Deutsch
News-ID 612316
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Automotive

Typ of Press Release: Product
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Date of sending: 13/05/2020

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