The tire market The Report 2022 report provides the latest industry data and future industry trends. The report lists leading competitors and manufacturers in the Pneumatic Tires industry and provides strategic industry information and analysis of factors influencing market competitiveness. The geographical scope of the Tires market is studied. The Market insights forecast, SWOT analysis, market scenario and feasibility study are the essential aspects analyzed in this report.
The market is further expected to grow over the forecast period 2022-2028 at a CAGR of 4% to reach 218 Million Units by 2028.
To note: The Russia-Ukraine the war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
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Main actors of the Tires Market – Ube Material, Spares2go, BITS4REASONS, MICHELIN, Continental, DUNLOP, Bridgestone, Hankook, Giti, Pirelli, KUMHO TIRE, Zcrubber, Triangle, DOUBLE STAR, CELIMO, ROYAL BLACK, TIANJIN WANDA TIRE GROUP CO., LTD, Haida, Nokian Renkaat Oyj , APLUS, GOODRIDE, and other.
Industry News and Updates:
Bridgestone acquired 2 companies, 1 of which in the last 5 years. Bridgestone’s biggest acquisition to date came in 1988, when it acquired Firestone Tire and Rubber Company for $2.6 billion. Bridgestone has acquired in 1 US state and 2 countries. The sectors most targeted by the Company are automotive (50%) and information technology (50%).
Hankook Tire made 3 acquisitions and 1 investment. The company has spent more than $3.66 billion on acquisitions. Hankook Tire has invested in several sectors such as and more.
Continental made 9 acquisitions and 4 investments. The company has spent more than $714 million on acquisitions. Continental has invested in several sectors such as road transport technology, autonomous vehicles, connected vehicles, etc.
The major Tires industry players, their market share, product portfolio, company profiles are covered in this report. Major market players are analyzed based on production volume, gross margin, market value, and pricing structure. The competitive market scenario among Tires players will help the industry aspirants to plan their strategies. The statistics presented in this report will be an accurate and useful guide in shaping business growth.
Global tire market segmentation:
Market segmentation : Per application:
Auto
light truck
Trucks and buses
Agricultural vehicles
construction vehicle
Plane
Motorbike
Bike
By product type:
Asymmetric tire
radial tire
Analysis at regional and national level:
The major regions covered in the Tires market report are North America,
Europe, Asia-Pacific, Latin America, Middle East and Africa. It also covers
key regions (countries), namely, United States, Canada, Germany, France, United Kingdom, Italy,
Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,
Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,
UNITED ARAB EMIRATES, etc
Growing demand in the Asian market is expected to boost the tire industry in the coming year. The Asian tire industry is not only driven by the increase in the automotive industry, but also by the reduction in production costs. The reduction in production costs is due to lower labor costs and less natural rubber content (with more synthetic rubber) in tires. With rising automotive production in Latin America and Middle East regions, robust growth is expected in both regions.
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Global Tire Market Highlights
Past and present scenarios
Trends and developments
market forecast
Price analysis and forecast
Analysis of the five forces of carriers
SWOT analysis
Value chain analysis
Key questions answered by the report include:
- What will be the market size and the growth rate in 2028?
- What are the key factors driving the global tire market?
- What are the key market trends impacting the growth of the Global Tire Market?
- What are the challenges of market growth?
- Who are the key vendors in the Global Tires Market?
- What are the market opportunities and threats faced by the vendors in the global Tires market?
- Trending factors influencing the Americas, APAC, Europe, and MEA market shares.
Critical Parts of the Global Tire Market TOC:
– Overview of the tire market
– Global Tire Market Competition, Profiles/Analysis, Strategies
– Global Tire Capacity, Production, Revenue (Value) by Region (2016-2022)
– Global Tire Supply (Production), Consumption, Export, Import by Region (2016-2022)
– Regional highlights of the global tire market
– Industrial chain, sourcing strategy and downstream buyers
– Analysis of the marketing strategy, distributors/traders
– Analysis of market effect factors
– Market decisions for the current scenario
– Global tire market forecast (2022-2028)
– Case studies
– Research results and conclusion
Finally, Tires Market report is the credible source to get the market research that will exponentially accelerate your business. The report gives major locale, economic situations with item value, advantage, limit, generation, supply, demand and market development rate and figure etc. The Tires industry report additionally introduces new task SWOT examination, speculation feasibility survey and venture return survey.
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Finally, Tires Market report is the credible source to get the market research that will exponentially accelerate your business.
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