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The automotive tire market Expected to Reach 666.6 Million Units by 2019

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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The automotive tire market Expected to Reach 666.6 Million Units by 2019

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  1. MarketsandMarkets Presents Automotive Tire Market by Type, Section Width, Aspect Ratio, and by Aftermarket - Global Trends and Forecast to 2019

  2. 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 • 70 market data tables • 57 figures • 135 pages and in-depth TOC on “Automotive Tire Market ” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=40166492

  3. Source: MarketsandMarkets Analysis Automotive Tire Market, by Aspect Ratio, 2014 vs 2019($ Million) Source: MarketsandMarketsAnalysis

  4. A tire consists of a rubber ring around the rim of automobile wheel which is responsible to perform several functions such as support the weight of the vehicle, transmit vehicle propulsion & braking, soften the impact of improper road condition and maintain the vehicles direction. The vehicle manufacturer needs to ensure that the tire is able to perform these functions and meet several other demands like increasing needs of the vehicle owner, increasing advancement in automobile quality & capability, and the diversification of usage. Owing to which the capabilities and performance of tires are becoming more intricate and varied. Thus the tire manufacturers need to continually refine existing technology and introducing new concepts to the marketplace to meet these demands. Owing to this the global automotive demand for the tire market is projected to grow at a promising rate of 5.9% from 2014 to 2019. The largest contributor to the growth of tire market is Asia-Oceania. While the North American tire market is estimated to be the second largest market, owing to the increased production of vehicles in the region and due to recovery of economy in the North America. Growing demand of automotive tire from emerging economies, such as India, Thailand, and Vietnam is anticipated to boost the industry. The parameters which are driving the tire industry are increasing automobile demand, rapid global expansion, better quality production, increasing customer’s demand for better mileage and durability ( radial tires are replacing conventional tires) and growing demand for eco-friendly tires. The global market, in terms of volume, is estimated to be 500.4 million units in 2014. This market is growing at a significant rate in North America and Asia-Oceania, while the European and RoW markets are estimated to grow at a decent rate.

  5. This report classifies and defines the automotive tire market size, in terms of volume and value. It provides a comprehensive analysis and insights (both, qualitative and quantitative) into automotive tires. It highlights potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to automotive tires. Along with a quantitative analysis, , the report covers qualitative aspects such as value chain analysis, PEST analysis, and Porter’s five force analysis for the global market. • The key players in this market have also been identified and profiled. Some of the key players are Bridgestone Group (Japan), Continental Group (Germany), Goodyear Tire & Rubber Company (U.S.), Michelin Group (France), and Pirelli & C. S.p.A (Italy). The major strategies adopted by these market players are geographic expansion and new product development. • Scope of the Report • The automotive tire market is divided into four major segments • Global Automotive Tire Market, By Aspect Ratio • <60 • 60-70 • >70 • Global Automotive Tire Market, By Section Width • <200 mm • 200-230 mm • >230 mm

  6. Global Automotive Tire Aftermarket • Radial • Bias/cross ply • Global Automotive Tire Market, By Type & Region • Asia-Oceania • China • Japan • South Korea • India • Europe • Germany • France • U.K • North America • U.S. • Canada • Mexico • Rest of the World (RoW) • Brazil • Russia

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  8. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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