Automotive Tire Market Size To Reach $374.22 Billion By 2024
The global automotive tire market size is expected to reach USD 374.22 billion by 2024 according to a new report by Grand View Research, Inc. Increasing automotive sales especially in countries such as China, India, Japan, and South Korea is anticipated to favorably impact the global automotive tire market over the forecast period. This growth can be attributed to rising disposable income and improvement in the overall lifestyle of consumers. Technological proliferation and the development of the innovative and environment-friendly green tires have opened up broad growth avenues for the industry participants. Moreover, increasing radial tire up gradation activities owing to its benefits such lesser vibrations, reduced fuel consumption and extended tire life due to less heat generated has favorably impacted the industry growth. However, stringent emission norms by governments and regulatory authorities worldwide are expected to challenge demand. For example, on September 1, 2010, the California Air Resources Board’s (ARB’s) Tire Pressure Regulation was formulated to reduce greenhouse gas emissions from vehicles operating with underneath inflated tires by inflating them to the suggested pressure rating. View summary of this report analysis/automotive-tire-market
@
http://www.grandviewresearch.com/industry-
Asia Pacific Automotive Tire Market Revenue by Type, 2014 - 2024 (USD Billion)
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Automotive tire- Industry snapshot and key buying criteria, 2014 - 2024 Chapter 3. Automotive Tire Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Automotive tire value chain analysis 3.3.1. Vendor landscape 3.4. Automotive tire market dynamics 3.4.1. Market driver analysis 3.4.1.1. Companies launching innovative products 3.4.1.2. Growing number of commercial and passenger vehicles globally 3.4.2. Market restraint analysis 3.4.2.1. Stringent government regulations across the globe 3.5. Key opportunities prioritized 3.6. Industry analysis - Porter's
3.7. Automotive tire- Key competitor analysis, 2015 3.7.1. Market strategy overview 3.8. Automotive tire market PESTEL analysis, 2015 Chapter 4. Automotive Tire Type Outlook 4.1. Radial 4.1.1. Global market estimates and forecasts, 2014 - 2024 4.1.2. Bias 4.1.2.1. Global market estimates and forecasts, 2014 - 2024 Chapter 5. Automotive Tire Application Outlook 5.1. Passenger cars 5.1.1. Global market estimates and forecasts, 2014 - 2024 5.1.2. Light commercial vehicles 5.1.2.1. Global market estimates and forecasts, 2014 - 2024 5.1.3. High commercial vehicles 5.1.3.1. Global market estimates and forecasts, 2014 - 2024 5.1.4. Two wheelers 5.1.4.1. Global market estimates and forecasts, 2014 - 2024 Chapter 6. Automotive Tire Regional Outlook 6.1. North America 6.1.1. Automotive tire market by type, 2014 - 2024 6.1.2. Automotive tire market by application, 2014 - 2024 6.2. Europe 6.2.1. Automotive tire market by type, 2014 - 2024 6.2.2. Automotive tire market by application, 2014 - 2024 6.3. Asia-Pacific 6.3.1. Automotive tire market by type, 2014 - 2024 6.3.2. Automotive tire market by application, 2014 - 2024 6.4. RoW 6.4.1. Automotive tire market by type, 2014 - 2024 6.4.2. Automotive tire market by application, 2014 - 2024 Chapter 7. Competitive Landscape 7.1. Continental Group 7.1.1. Company Overview 7.1.2. Financial Performance 7.1.3. Product Benchmarking 7.1.4. Strategic Initiatives 7.2. Cooper Tire & Rubber Company 7.2.1. Company Overview 7.2.2. Financial Performance
7.2.3. Product Benchmarking 7.2.4. Strategic Initiatives 7.3. Goodyear Tire and Rubber Company 7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Initiatives 7.4. Hankook Tire Co. Ltd. 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Initiatives 7.5. Michelin Group 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Initiatives 7.6. Pirelli & C. S.P.A. 7.6.1. Company Overview 7.6.2. Financial Performance 7.6.3. Product Benchmarking 7.6.4. Strategic Initiatives 7.7. Sumitomo Rubber Industries, Ltd. 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Initiatives 7.8. The Bridgestone Group 7.8.1. Company Overview 7.8.2. Financial Performance 7.8.3. Product Benchmarking 7.8.4. Strategic Initiatives 7.9. Toyo Tire & Rubber Co. Ltd. 7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Initiatives 7.10. Yokohama Rubber Co., Ltd. 7.10.1. Company Overview
7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Initiatives
Browse full report @ http://www.grandviewresearch.com/industry-analysis/automotivetire-market
List of Tables TABLE 1 Automotive tire - Industry snapshot & key buying criteria, 2014 - 2024 TABLE 2 Automotive tire market, 2014 - 2024 (USD Billion) TABLE 3 Market estimates and forecasts by region, 2014 - 2024 (USD Billion) TABLE 4 Market estimates and forecasts by type, 2014 - 2024 (USD Billion) TABLE 5 Market estimates and forecasts by application, 2014 - 2024 (USD Billion) TABLE 6 Automotive tire - Key market driver impact TABLE 7 Automotive tire - Key market restraint impact TABLE 8 Key automotive tire vendors TABLE 9 Global radial market, 2014 - 2024 (USD Billion) TABLE 10 Global radial market by region, 2014 - 2024 (USD Billion) TABLE 11 Global bias market, 2014 - 2024 (USD Billion) TABLE 12 Global biasmarket by region, 2014 - 2024 (USD Billion) TABLE 13 Global passenger cars market, 2014 - 2024 (USD Billion) TABLE 14 Global passenger cars market by region, 2014 - 2024 (USD Billion) TABLE 15 Global LCV market, 2014 - 2024 (USD Billion) TABLE 16 Global LCV market by region, 2014 - 2024 (USD Billion) TABLE 17 Global HCV market, 2014 - 2024 (USD Billion) TABLE 18 Global HCV market by region, 2014 - 2024 (USD Billion) TABLE 19 Global two wheelers market, 2014 - 2024 (USD Billion) TABLE 20 Global two wheelers market by region, 2014 - 2024 (USD Billion) TABLE 21 North America market by type, 2014 - 2024 (USD Billion) TABLE 22 North America market by application, 2014 - 2024 (USD Billion) TABLE 23 Europe market by type, 2014 - 2024 (USD Billion) TABLE 24 Europe market by application, 2014 - 2024 (USD Billion) TABLE 25 Asia-Pacific market by type, 2014 - 2024 (USD Billion) TABLE 26 Asia-Pacific market by application, 2014 - 2024 (USD Billion) TABLE 27 RoW market by type, 2014 - 2024 (USD Billion) TABLE 28 RoW market by application, 2014 - 2024 (USD Billion)
For More Information analysis/automotive-tire-market
visit
http://www.grandviewresearch.com/industry-
List of Figures FIG. 1 Automotive tire market segmentation FIG. 2 Global automotive tire market, 2014 - 2024 (USD Billion) FIG. 3 Automotive tirevalue chain analysis FIG. 4 Automotive tire service market dynamics FIG. 5 Key opportunities prioritized FIG. 6 Automotive tire - Porter’s analysis FIG. 7 Automotive tire - PESTEL analysis FIG. 8 Automotive tire market share by type, 2014 & 2024 FIG. 10 Automotive tire market share by application, 2014 & 2024 FIG. 11 Automotive tire market share by region, 2014 & 2024
Further key findings from the report suggest:
Two wheelers segment is anticipated to grow at CAGR of over 7.5% from 2016-2024. Increasing demand for two-wheelers across the developing countries such as India and China will contribute to the segment growth. Increasing manufacturing and infrastructure building activities have spurred the sales of light commercial vehicles (LCV). Growing number of LCVs in Europe has led EU regulatory bodies and OEMs to enhance and improve the safety aspects of LCVs. The passenger car segment dominated the industry with over 40% revenue share in 2015 owing to the increasing advancements and innovations such as Plug-in cars. The tire industry has witnessed a remarkable shift from the traditional to the technically advanced radial products. Radialisation of the truck tire market is anticipated to fuel the demand over the forecast period. In 2012, manufacturers in China produced over 50% of the global radial truck tires industry. Stringent government guidelines worldwide are expected to regulate the global automotive tire market over the coming years. Asia Pacific dominated the industry contributing to over 40% of the global revenue in 2015. The presence of several prominent automobile manufacturers and ancillaries in the region is expected to generate high demand over the forecast period. Key industry participants include Bridgestone, Continental, Goodyear, Michelin, Pirelli and Sumitomo. Manufacturers are gradually adopting innovative production techniques to gain a competitive advantage over others. Vendors are now adopting modern supply chain and distribution strategies such as e-commerce and retail chains to reach efficiently the end-user apart from the conventional supply to automobile assemblers and aftermarket industry.
Request free sample of this Report @ http://www.grandviewresearch.com/industryanalysis/automotive-tire-market/request
Grand View Research has segmented the global automotive tire market on the basis of application, type and region: Automotive Tire Application Outlook (Revenue, USD Billion, 2014 - 2024)
Passenger cars LCV HCV Two wheelers
Automotive Tire Type Outlook (Revenue, USD Billion, 2014 - 2024)
Radial Bias
Automotive Tire Regional Outlook (USD Billion, 2014 - 2024)
North America Europe Asia Pacific RoW
Browse
All
Reports
of
this
category
@
http://www.grandviewresearch.com/industry/technology
About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic objective insights.
Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Website: Grand View Research Blog Site: http://www.divog.org/