A recent report published by Infinium Global Research on tire market provides in-depth analysis of segments and sub-segments in global as well as regional tire market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional tire market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global tire market. According to the report, the global tire market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.
The report on the global tire market covers segments such as rim size, aspect ratio, material, tube, vehicle type, and sales channel. On the basis of rim size the global tire market is categorized into 12"-17", 18"-21" and >22". On the basis of aspect ratio, the global tire market is categorized into 35-55, 60-70 and 75-85. On the basis of material, the global tire market is categorized into natural rubber and synthetic rubber. On the basis of the tube, the global tire market is categorized into a tubed tire and tubeless tire. On the basis of vehicle type, the global tire market is categorized into a passenger vehicle, light commercial vehicle, and heavy light commercial vehicle. On the basis of the sales channel, the global tire market is categorized into OEM and aftermarket.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global tire market such as Bridgestone Corporation, Continental AG, Michelin, The Goodyear Tire & Rubber Company, Apollo Tyres Ltd, CEAT Ltd, China National Tire & Rubber Co., Ltd, Pirelli & C.S.p.A., Sumitomo Rubber Industries, Ltd and Yokohama Rubber Company, Limited, Tire Corporation.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global tire market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tire market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the tire market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the tire market to understand the present and future trends in this market and formulate their strategies accordingly.