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Automotive Tire Market report categorizes the global market by Type (Radial, and Bias/Cross ply), Section Width (<200 mm, 200-230 mm, and >230 mm), Aspect Ratio (<60, 60-70, >70), Aftermarket (Radial, and Bias/Cross Ply), & by Geography.
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MarketsandMarkets Presents Automotive Tire Market by Type - Global Trends and Forecast to 2019
The report “Automotive Tire Market by Type (Radial, and Bias/Cross ply), Section Width (<200 mm, 200-230 mm, and >230 mm), Aspect Ratio (<60, 60-70, >70), and Aftermarket (Radial, and Bias/Cross Ply) - Global Trends and Forecast to 2019;, defines and segments the automotive tire market with analysis and forecast of the global market size, in terms of volume and value. • Browse • 61 market data tables • 47 figures • 200 pages and in-depth TOC on “Automotive Tire Market “. • You can speak to our analyst@ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=40166492
Source: MarketsandMarkets Analysis Automotive Tire Market, by Region, 2014 (Million Units) Source: MarketsandMarkets Analysis
The global automotive tire market is estimated to grow at a promising rate of 5.9% from 2014 to 2019 owing to growth in global vehicle production and sales volume. Asia-Oceania is estimated to be the largest market for automotive tires. China, Japan, and South Korea are the main contributors to the automotive tire market in Asia-Oceania. Several OEMs are expanding in Asia-Oceania to cater to the sizable demand for vehicles in the region. However the radialization of tires is not 100% in commercial vehicles in China and India. India is estimated to be the biggest market for bias tires in Asia-Oceania region. North America is estimated to be the second largest market for tires, owing to the increased production of vehicles in the region. The automotive tire market size, in terms of volume, is projected to grow at a CAGR of 5.9% from 2014 to 2019, to reach 666.6 million units by 2019. Eastern European and North American countries such as Mexico are potential markets owing to increasing production capacity. The automotive tire market is growing substantially in Asia-Oceania and RoW due to growing vehicle production and increasing radialization. The global automotive tire market is dominated by major players such as Bridgestone Group (Japan), Continental Group (Germany), Goodyear Tire & Rubber Company (U.S.), Michelin Group (France), and Pirelli & C. S.p.A (Italy).
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