Automotive Tire Market | Strategies of Major Industry Competitors

1. Automotive Tire Market Size, Trends, Growth Opportunities post after COVID19 Outbreak 1 ©P&SIntelligence.Allrightsreserved

2. The increasing lifespan of automobiles is one of the major factors fuelling the demand for automotive tires throughout the world. The average life span of the vehicles across the world increased from 10.5 years to 12 years during 2010—2018, mainly on account of the increasing enactment of various regulations and policies by the governments of many countries and rising competition amongst the automobile manufacturing companies all over the world. The surging average life spans of vehicles have massively increased the mileage of the vehicles, which has in turn, amplified the incidence of wear and tear on the tires. The flourishing automotive industry, especially in the Asia-Pacific (APAC) region is another important factor responsible for the soaring sales of automotive tires throughout the world. Driven by these factors, the revenue generated from the worldwide sales of automotive tires is expected to rise from 155.3 billion to 237.2 billion from 2018 to 2024. The global automotive tire market is predicted to exhibit a CAGR of 7.7% during the forecast period (2019—2024). Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/automotive-tire-market/report-sample Globally, the Asia-Pacific (APAC) region is predicted to observe the highest growth in the sales of automotive tires during the forecast period. This is mainly ascribed to the mushrooming manufacturing of automobiles in the region, increasing gross domestic product (GDP) of several APAC countries, and surging disposable income of the people in various APAC nations such as India and China. The adoption of automotive tires is also expected to rise significantly in North America over the coming years owing to the increasing investments being made by the many automotive manufacturers in the region. Therefore, it can be said with certainty that the sales of automotive tires will skyrocket all around the world in the forthcoming years, primarily because of the increasing manufacturing of automobiles in several countries and the rising average lifespans of vehicles across the world.

3. Market Segmentation by Vehicle Two-Wheelers Passenger Cars Light Commercial Vehicles Medium and Heavy Commercial Vehicles Market Segmentation by Design Radial Bias Market Segmentation by End Use Original Equipment Manufacturer (OEM) Aftermarket Market Segmentation by Region North America Automotive Tire Market oBy vehicle oBy design oBy end use oBy country – U.S. and Canada Europe Automotive Tire Market oBy vehicle oBy design oBy end use oBy country – Germany, France, Italty, Spain, U.K., Poland, Netherlands, Belgium, Switzerland, Austria, and Rest of Europe Asia-Pacific (APAC) Automotive Tire Market oBy vehicle oBy design oBy end use oBy country – China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia, Malaysia, Taiwan, and Rest of APAC Rest of the World (RoW) Automotive Tire Market oBy vehicle oBy design oBy end use oBy country – Brazil, Mexico, and Others This study covers Historical and the present size of the Automotive Tire Market Major factors driving the market and their impact during the short, medium, and long terms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants

4. Historical and the present size of the market segments and understand their comparative future potential Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 ©P&SIntelligence.Allrightsreserved

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