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Automotive Tire Market Trends, Emerging Market Regions, Growth Factors and Trends 2026

The global automotive tire market is set to grow at a modest CAGR of 3.4% during the forecast period on account of increasing production of passenger vehicles. Tires are one of the central components in any vehicle and their importance cannot be overstated. As world population grows and economies develop, cars and bikes have become a necessity for most of the working populations in the world. As a result, vehicle production, especially passenger vehicles, has increased exponentially and markets associated with the automotive industry have also risen in tandem. The automotive tire market is one such market and increasing production of passenger vehicles has raised the demand for automotive tire manufacturing. For example, according to the European Automobile Manufacturers Association, there were close to 80 million passenger cars that we on the streets in 2017, with China leading the charge. This augurs well for the global automotive tire market growth till 2025.

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Automotive Tire Market Trends, Emerging Market Regions, Growth Factors and Trends 2026

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  1. Automotive Tire Market Size, Share & Industry Analysis, By Design (Radial, Bias), By Tire Type (Tubeless, Tube), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecast, 2019-2025 Buy Now Sample PDF Get Discount Published Date: April 2019 Report Format: PDF Region: Global Base Year: 2018 Fortune Business Insights Pvt Ltd.

  2. Automotive Tire Market Size, Share & Industry Analysis, By Design (Radial, Bias), By Tire Type (Tubeless, Tube), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecast, 2019-2025 Report Highlights: The global automotive tire market is set to grow at a modest CAGR of 3.4% during the forecast period on account of increasing production of passenger vehicles. Tires are one of the central components in any vehicle and their importance cannot be overstated. As world population grows and economies develop, cars and bikes have become a necessity for most of the working populations in the world. As a result, vehicle production, especially passenger vehicles, has increased exponentially and markets associated with the automotive industry have also risen in tandem. The automotive tire market is one such market and increasing production of passenger vehicles has raised the demand for automotive tire manufacturing. According to a report published by Fortune Business Insights, titled “Automotive Tire Market Size, Share & Industry Analysis, By Design (Radial, Bias), By Tire Type (Tubeless, Tube), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecast, 2019-2025”, passenger cars production in 2018 stood at 343.3 million units. The report also contains valuable analysis regarding the factors, trends, and various dynamics that will influence development of this market during the forecast period. Fortune Business Insights Pvt Ltd.

  3. Automotive Tire Market Size, Share & Industry Analysis, By Design (Radial, Bias), By Tire Type (Tubeless, Tube), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecast, 2019-2025 Advancements in Vehicular Tire Technology to Boost the Market The global automotive tire market is slated to experience a dynamic growth period owing to the increasing number of innovations in the manufacturing of tires. Many companies and government organizations are engaging in developing new technologies keeping safety and efficiency as the ultimate goals. For example, Goodyear came up with their BH 03 concept tire in 2015, designed to generate electricity through interaction of the materials in the tire Europe and North America to Exhibit Steady Growth; Asia-Pacific to Lead the Market Asia-Pacific is projected to display fastest growth and hold the largest section of the global automotive tire market share till 2025. This is primarily a result of growing population in India and China, rising disposable incomes, and demand for better standard products in the region. North America and Europe are expected to grow healthily, mainly due to their commitment to reduce carbon emissions and increase fuel efficiency of their vehicles. Strict government regulations on vehicle manufacturing processes will also play an important part in the market in the two continents. In Europe, the prominent countries are expected to be Switzerland, Finland, Denmark, and Czech Republic. Browse Complete Report: https://www.fortunebusinessinsights.com/industry-reports/automotive-tire-market-101594 Fortune Business Insights Pvt Ltd.

  4. Automotive Tire Market Size, Share & Industry Analysis, By Design (Radial, Bias), By Tire Type (Tubeless, Tube), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecast, 2019-2025 Major companies in the global automotive tire market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. For example, recently, Hankook unveiled its non-pneumatic concept tire, iFlex, that removes the need for air pressure and the company claims that it performs better than conventional tires. Some players are widening their operability and venturing into new industries. Top Players Mentioned: Various companies operating in the Global Automotive Tire Market are Sumitomo Rubber Industries, Ltd. • Bridgestone Corp. • Cooper Tire and Rubber Company • Continental AG • MRF LTD • ZhongceRubber Company • Goodyear Tire & Rubber co. • Toyo Tire & Rubber Co., Ltd Fortune Business Insights Pvt Ltd.

  5. Automotive Tire Market Size, Share & Industry Analysis, By Design (Radial, Bias), By Tire Type (Tubeless, Tube), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecast, 2019-2025 About Us: Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.  Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.  Phone: US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: sales@fortunebusinessinsights.com Fortune Business Insights Pvt Ltd.

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