Pneumatic Tires Market is anticipated to grow at a CAGR 6.7% during the forecast period. Pneumatic tires are largely used in the automobile industry owing to enhanced performance features in terms of fuel economy, good traction and efficiency. Moreover, the rapid increase in disposable income of consumers and changing lifestyles are anticipated to drive the growth of the pneumatic tires market during the forecast period. The pneumatic tires market have witnessed significant growth owing to the considerable rise in demand from industrial and agriculture vehicles. However, the increasing adoption of non-pneumatic tire and variation of raw material cost is the factor hampering the growth of the pneumatic market.
The factor such as rapid economic growth, government proposal, improving road infrastructure and growth in large spending by customers are projecting as major factors of the pneumatic tires industry. However, a stringent policy against the use of pneumatic tires and their disposal are the factor that may hamper the growth of the market in the near future. This tire manufacturing needs low technical complexity and large initial infrastructure investment. The product counterfeit includes airless and semi-pneumatic tires that offer high rolling resistance, less suspension and are filled with polymers. These tries produce heat while driving and rising wheel weight. Therefore, numerous manufacturers recommend the use of pneumatic tires as opposed to its substitutes that leads to the growth of the pneumatics tries industry during the forecast period.
To Request a Sample of our Report on Pneumatic Tires Market: https://www.omrglobal.com/request-sample/pneumatic-tires-market
Market Coverage
- Market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Pneumatic Tires Market Segmentation
By Product
- Radial
- Crossply
By Vehicle Type
- Two-Wheelers
- Four-Wheelers
- Aircraft
- Other
A full report of Pneumatic Tires Market available @ https://www.omrglobal.com/industry-reports/pneumatic-tires-market
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Apollo Tyres, Ltd.
- Continental AG
- Dunlop Tires (A Part of the Goodyear family)
- Hankook Tire America Corp.
- Kumho Tire USA., Inc
- Maxam Tire International, Ltd.
- Millennium Tire
- Mitas (A Part of the Trelleborg group)
- Petlas
- Pirelli &C.S.p.A
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tire and Rubber Co.
- The Michelin Group
- The Yokohama Rubber Co. Ltd.
- TOKAI Solid Tire (Mouldmate Co. Ltd.)
- Trelleborg AB
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/pneumatic-tires-market
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
