In a recent market study published by Fact.MR, the current and future prospects of the Automotive Tire Market are thoroughly analyzed. Further, the report includes an in-depth analysis of the various factors that are likely to control the growth trajectory of the Automotive Tire Market in the upcoming years. In addition, a qualitative and quantitative assessment of the various market segments is enclosed in the report and accurately represented in the form of tables, graphs, and figures.
The report indicates that the Automotive Tire Market is expected to register a CAGR growth of ~XX% over the forecast period and reach a value of ~US$XX by the end of 2017 to 2022. The report elaborates on the micro and macro-economic factors that are projected to influence the growth of the Automotive Tire Market in the upcoming years.
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Essential Findings of the Report
Factors that are likely to impede the growth of the Automotive Tire Market over the forecast period 2017 to 2022
Competition analysis that provides intricate details related to the business prospects of leading market players
Major trends influencing the dynamics of the Automotive Tire Market
Y-o-Y growth of each market segment
Pricing strategies of various market players in the Automotive Tire Market
Important questions pertaining to the Automotive Tire Market catered to in the report:
What is the projected revenue generated by some prominent market players in the Automotive Tire Market?
What are the prospects of the Automotive Tire Market in region 1?
What is the scope for innovation in the Automotive Tire Market?
How have government policies impacted the dynamics of the Automotive Tire Market in various regions?
Which region has the highest concentration of tier 1 companies?
Access Research Methodology Prepared By Experts at https://www.factmr.com/connectus/sample?flag=RM&rep_id=12
Competitive Landscape
With the traction for sustainability in the automotive tire market on the rise, Continental A.G recently revealed that it had developed a sustainable adhesive for bonding rubber with textile reinforcement material in collaboration with Turkey-based Kordsa Tecnik Tekstil A.S. The German-based tire manufacturers plan to leverage the sustainable adhesive for production of a new line of tires in the foreseeable future.
Vehicle performance and fuel efficiency are gradually becoming key parameters of vehicle selection. In order to tap into the growing consumer base, Daimler, North America, has decided to equip its Freightliner trucks with Michelin X Line EnergyTM D+ long-haul tires. Daimler plans to enhance the fuel efficiency of its Cascadia Class 8 heavy-duty truck from its previous models launched in 2017.
Intensifying innovation in the automotive tire market saw another development complementing the concept after Goodyear launched a new aero concept tire. The company claims the tires will pave way for the development of flying cars with the propeller blades installed in the tire providing the mechanism for helping cars to transition from land to air.
To meet the growing demand for automotive tires Sumitomo Rubber Industries announced it would be doubling its production of truck tires at its production facility in Fazenda, Rio Grande, Brazil. With an investment of $37 million, the company expects production of 1000 truck tires per day at the production plant.
Other leading players operating in the automotive tire market include Bridgestone Corporation, The Yokohama Rubber Co., Ltd., Madras Rubber Factory Limited, Pirelli & C. S.p.A, Apollo Tyres Ltd., and Cheng Shin Rubber Industry Co.
Additional Insight:
Robust Demand for Radial Tires to Prevail as LCV Sales Burgeon
The multi-layer structure of radial tires consisting of steel chords and steel cable beading impart great strength and durability to the tires which are vital reasons driving the demand for the tires in all vehicle segments. Additionally, the tread of radial tires enable better gripping of surface and substantially reduces rolling resistance which, in turn, provides better safety and contributes substantially to greater fuel efficiency. The assortment of benefits offered by radial tires is being leveraged in the lightweight commercial vehicle (LCV) segment. A significant rise in vehicle rental and sharing services is a key factor propelling LCV sales around the world. Substantial growth in LCV fleets around the world is likely to underpin the growing demand for radial tires.
Overall the demand for both radial and bias tires is estimated to rise as sales of passenger cars (PC), two-wheelers, medium and heavy commercial vehicles (M&HCV), OTRs and three-wheelers continue to remain steady.
Request Customized Report As Per Your Requirements at https://www.factmr.com/connectus/sample?flag=RC&rep_id=12
Why Purchase from Fact.MR?
Data gathered by interviewing product development managers, CEO’s, marketing executives, and other individuals affiliated to the Automotive Tire Market
Round the clock customer service to address client queries
Systematic, efficient, and result-oriented approach towards curating market reports
We offer business intelligence reports for a range of industrial verticals
Tailor-made reports available to fulfill the requirements of our clients
The report indicates that the Automotive Tire Market is expected to register a CAGR growth of ~XX% over the forecast period and reach a value of ~US$XX by the end of 2017 to 2022. The report elaborates on the micro and macro-economic factors that are projected to influence the growth of the Automotive Tire Market in the upcoming years.
Request 100 Page Sample Report Now at https://www.factmr.com/connectus/sample?flag=S&rep_id=12
Essential Findings of the Report
Factors that are likely to impede the growth of the Automotive Tire Market over the forecast period 2017 to 2022
Competition analysis that provides intricate details related to the business prospects of leading market players
Major trends influencing the dynamics of the Automotive Tire Market
Y-o-Y growth of each market segment
Pricing strategies of various market players in the Automotive Tire Market
Important questions pertaining to the Automotive Tire Market catered to in the report:
What is the projected revenue generated by some prominent market players in the Automotive Tire Market?
What are the prospects of the Automotive Tire Market in region 1?
What is the scope for innovation in the Automotive Tire Market?
How have government policies impacted the dynamics of the Automotive Tire Market in various regions?
Which region has the highest concentration of tier 1 companies?
Access Research Methodology Prepared By Experts at https://www.factmr.com/connectus/sample?flag=RM&rep_id=12
Competitive Landscape
With the traction for sustainability in the automotive tire market on the rise, Continental A.G recently revealed that it had developed a sustainable adhesive for bonding rubber with textile reinforcement material in collaboration with Turkey-based Kordsa Tecnik Tekstil A.S. The German-based tire manufacturers plan to leverage the sustainable adhesive for production of a new line of tires in the foreseeable future.
Vehicle performance and fuel efficiency are gradually becoming key parameters of vehicle selection. In order to tap into the growing consumer base, Daimler, North America, has decided to equip its Freightliner trucks with Michelin X Line EnergyTM D+ long-haul tires. Daimler plans to enhance the fuel efficiency of its Cascadia Class 8 heavy-duty truck from its previous models launched in 2017.
Intensifying innovation in the automotive tire market saw another development complementing the concept after Goodyear launched a new aero concept tire. The company claims the tires will pave way for the development of flying cars with the propeller blades installed in the tire providing the mechanism for helping cars to transition from land to air.
To meet the growing demand for automotive tires Sumitomo Rubber Industries announced it would be doubling its production of truck tires at its production facility in Fazenda, Rio Grande, Brazil. With an investment of $37 million, the company expects production of 1000 truck tires per day at the production plant.
Other leading players operating in the automotive tire market include Bridgestone Corporation, The Yokohama Rubber Co., Ltd., Madras Rubber Factory Limited, Pirelli & C. S.p.A, Apollo Tyres Ltd., and Cheng Shin Rubber Industry Co.
Additional Insight:
Robust Demand for Radial Tires to Prevail as LCV Sales Burgeon
The multi-layer structure of radial tires consisting of steel chords and steel cable beading impart great strength and durability to the tires which are vital reasons driving the demand for the tires in all vehicle segments. Additionally, the tread of radial tires enable better gripping of surface and substantially reduces rolling resistance which, in turn, provides better safety and contributes substantially to greater fuel efficiency. The assortment of benefits offered by radial tires is being leveraged in the lightweight commercial vehicle (LCV) segment. A significant rise in vehicle rental and sharing services is a key factor propelling LCV sales around the world. Substantial growth in LCV fleets around the world is likely to underpin the growing demand for radial tires.
Overall the demand for both radial and bias tires is estimated to rise as sales of passenger cars (PC), two-wheelers, medium and heavy commercial vehicles (M&HCV), OTRs and three-wheelers continue to remain steady.
Request Customized Report As Per Your Requirements at https://www.factmr.com/connectus/sample?flag=RC&rep_id=12
Why Purchase from Fact.MR?
Data gathered by interviewing product development managers, CEO’s, marketing executives, and other individuals affiliated to the Automotive Tire Market
Round the clock customer service to address client queries
Systematic, efficient, and result-oriented approach towards curating market reports
We offer business intelligence reports for a range of industrial verticals
Tailor-made reports available to fulfill the requirements of our clients
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