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Transparency Market Research Automotive Tire Market to Expand at CAGR of 6.8% till 2021
Published Date 2015-06-25
90 Page Report
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Report Title
Automotive Tire Market - Global Industry Analysis 2021 | Transparency Market Research Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Tire Market
REPORT DESCRIPTION
Automotive Tire Market Transparency Market Research (TMR) has recently published a research study on the global automotive tire market, estimating the market to expand at a CAGR of 6.80% during the period from 2015 to 2021 and reach a market value of 298.1 bn by the end of the forecast period.The research report, titled “Automotive Tire Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that worldwide automotive tire market stood at US$188.3 bn in 2014. The automotive segment is one of the booming sectors presently and it is expected to grow significantly in the next few years prioritizing more on customer safety and comfort. With the gradual decrease of recession, the automotive sector has witnessed a strong positive growth. The tire industry is also been noticing a steady improvement in the automotive sector. Based on the type of tire safety systems, the market is segmented into two types: radial tire and bias tire. Due to advancements in technology, the market for radial tires is growing significantly. Based on applications of tire, the market is segmented in passenger cars, light commercial vehicle, heavy commercial vehicle and two wheelers. Get FREE Sample PDF file of Automotive Tire Market : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=4979 Growth of the automotive sector in emerging markets will affect the global automotive tire market positively and the industry is anticipated to expand substantially in the next few years. On the basis of tire safety systems, the global automotive tire market is segmented into bias tire and radial tires. Due to advances in the technological background of radial tires, this category has recorded substantial growth in the global automotive tire market. Radial tires are used in light commercial vehicles, heavy commercial vehicles, and in passenger cars. Bias tires are used in two wheelers. Asia pacific accounted for the largest market share in 2014, which is expected to lure heavy investment and at the same time high end research is expected to be carried out in the field of tires. In addition, Improving lifestyles, and luxury vehicle demand and changing buyer’s preferences have ensured its dominance. The Asia Pacific automotive tire market was valued at
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Tire Market
USD 81.49 billion in 2014, and is expected to be the fastest growing automotive tire market in the coming years. About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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