The automotive tires market was valued at USD 102 billion in 2021 and is anticipated to reach USD 122 billion by 2028, at a CAGR of more than 3% during the forecast period. Car tires are round car parts made of rubber that are used to cover the rim of a wheel outside. The tire’s primary function is to protect the wheel rim and provide traction between the road surface and the vehicle. Made of rubber, it provides a flexible cushion to reduce the impact of vibration and absorb the shock of the vehicle.
A full report of Automotive Tire Market is available at:https://orionmarketreports.com/automotive-tires-market/83818/
Company Profile
- Continental Group
- Cooper & Rubber Company
- Hankook Co. Ltd.
- Goodyear & Rubber Company
- Michelin Group
- Pirelli
- Sumitomo Rubber Industries
- The Bridgestone Group
- Toyo & Rubber Co. Ltd.
Market Segmentation
By Season Tire Type
- Summer
- Winter
- All Season
By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Light commercial
- Heavy commercial
- Electric Vehicle
Scope of the Report
The research study analyzes the Automotive Tire industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Tire Market Report
- What was the Automotive Tire Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Automotive Tire Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Automotive Tire Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Automotive Tire market.
- The market share of the Automotive Tire market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Automotive Tire market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Automotive Tire market.
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