A tire or tyre is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface traveled over.
Market Snapshot
This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global Tyre market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East and Africa.
The global Tyre market is expected to grow from USD xxxx million in 2019 to USD xxxx million by 2026, registering a CAGR of xxxx% from 2019 to 2026.
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Competitive Landscape
Abu Dhabi Tyre Company
Michelin
Goodyear
Bridgestone
Dunlop
Hankook
Continental
Kenda
Firestone
Growth Driver
With the increasing production of automobiles, the demand for Tyre is increasing, which is propelling the growth of the Tyre market. Moreover, advanced technology in the manufacturing process is also projected to fuel market growth. However, the fluctuation in prices of raw material such as natural rubber and reinforcing materials will restrain the growth of the market. With the recovery of the global economy and the development of emerging powers, the Tyre market is endowed with a promising future.
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Regional Overview
In 2018, the global Tyre market was mainly concentrated in the three regions of Asia-Pacific, North America, and Europe. Asia-Pacific is anticipated to witness remarkable growth during the forecast period. This can be attributed to the economic conditions of most emerging countries in the region have improved, and the automobile tire and parts manufacturing industry is in the growth stage. North America and Europe are anticipated to show high growth in the forecast period.
Type Overview
By product type, the Tyre market is segmented into OEM and Replacement.
Application Overview
Based on application, this market is divided into Commercial Auto, Passenger Auto, and Others.
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Target Audience:
• Tyre manufacturers
• Raw material suppliers of Tyre
• Distributors and resellers of Tyre
• Tyre industry associations
• Product managers, Tyre industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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