The recent report on the Tire (Tyre) Market released by Markntel Advisor is a dedicated collection of information driven by research, unbiased opinions, articulate information, and data focusing on the varying aspects of the industry and the global market affecting the industry. The report consists of articulate information organized and prepared by expert researchers after deeply investigating the gathered data, putting the profit of shareholders as the major goal.  The study focuses on providing an overview of the industry bifurcated into every minute section, compiling all the major information causing the fluctuations in the market.

The Study Period of the Report

  • Historical period: 2018 – 2021
  • Base Year: 2022
  • Forecasting period: 2023 – 2028

The report gathers data from all the primary and secondary sources, of all the fluctuations in the industry during the historical period. These fluctuations include market trends global trends, sales reports, consumer response, manufacturing reports, profit and sales reports, and more. Through these data being studied in the base year, which also includes the information of the market till the base year, the researchers predict the flow of the industry in the forecasting period, depending on historical market data.

The Following Questions and Answer Are Addressed in The Report:

  • What are the key industry drivers and trends, and how is the market structured?
  • How is the market divided into segments, and how big is each one?
  • Which segments and geographies provide the most opportunities for expansion?
  • What are the players' competitive landscape and market positioning?
  • What impact have recent market events such as Covid-19 and the Russia-Ukraine conflict had?

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Table of Content

1.      Market Segmentation

2.      Introduction

2.      Product Definition

2.      Research Process

2.      Assumptions

3.      Executive Summary

4.      Global Tire Market Trends & Developments

5.      Global Tire Market Dynamics

5.      Growth Drivers

5.      Challenges

6.      Global Tire Market Regulations & Policy

7.      Global Tire Market Supply Chain Analysis

8.      Global Tire Market Hotspots & Opportunities

9.      Global Tire Market Outlook, 2018-2028F

Continue TOC…

Dynamic of the Tire (Tyre) Industry

To cover all major points of the research, the study of the Tire (Tyre) Market proposes to cover all the major concerning points of the market growth into four sections. Growth Drivers and Market Trends are fueling industrial growth and Market restraint, which could hinder the market expansion along with possible solutions, the challenges the shareholder or the market is likely to face in coming times depending on various factors, and finally, the growth opportunity emerging from various consumer trend, governmental initiatives, new launches, etc to provide the stakeholder with tools to propel in the industry.

Market Geographical Dividation – In terms of the Geographical front, the Tire (Tyre) market is bifurcated across the region: -

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Through the regional analysis section, the report aims to provide an overview and forecast of the market depending on different regional, cultural, regulatory, political, economic, social, technological, and other differences and variations in the industry, including the presence and absence of major market players, consumers, manufacturing sites and more.

Industry Driving Factor: One of the most prominent factors projected to drive the Global Tire Market during 2023-28 is the rapidly surging Electric Vehicle (EV) production across developing countries. Growing awareness about the environment, coupled with increasing oil & gas prices worldwide, are shifting consumers toward buying EVs, which, in turn, would contribute significantly to the global tire market growth.

Electric cars require special tires for a variety of reasons. In comparison with ICE (Internal Combustion Engine) vehicles, tires used in EVs have to deal with more weight & provide better torque. Hence, with burgeoning EV sales across developed countries, the demand for their tires is also rising significantly, which, in turn, would drive the global tire market in the coming years.

Possible Restraints of Market: The volatile raw material prices might restrain the growth of the Global Tire Market during 2023-28. As for all other commodities, the prices of raw materials determine the tire cost. The surging prices of butadiene & EPDM rubber due to their limited production are hampering the production & sales of tires. Consequently, the lack of a constant raw material supply has caused tire prices to rise uniformly, with replacement costs becoming unaffordable for many prospective buyers.

Analysis of Tire (Tyre) Industry Top Leader

The research report covers all the key details and developments in the Tire (Tyre) market focusing on the key market players. The market is moderately fragmented, with numerous players holding insignificant market shares, to affect the market dynamics individually. In addition, the report focuses on detailed information about the companies, including company profiles, components, services offered, financial information, key developments, and more. The market players covered in this research report are: -

  • - Bridgestone Corporation
  • - Continental Ag
  • - Hankook & Company Co., Ltd.
  • - Michelin
  • - Nokian Tyres Plc
  • - Pirelli & C. S.P.A.
  • - Sumitomo Rubber Industries, Ltd.
  • - The Yokohama Rubber Co., Ltd.
  • - Toyo Tire Corporation
  • - MRF Limited
  • - CEAT Limited
  • - JK Tire & Industries Ltd.
  • - Apollo Tires Ltd
  • - Others (Zhongce Rubber Group Co., Ltd., Sailun Group Co., Ltd., etc.)

The research report covers all the key details and developments in the Tire (Tyre) market focusing on the key market players.

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Complete Market Segmentation Study

The market is broadly fragmented and spreads across disparate bifurcations. The report aims to define study and predict the graph of each bifurcation and present the information, trends, and advancement affecting the segments and sub-segments flow to help the shareholder navigate and deeply investigate the flow of the industry to its minute details. Prominent demographic, regional, psychographic, and behavioral information about business segments in the market is targeted to help companies decide which traits to include to satisfy their demands. Segmental Division of the Tire (Tyre) Market.

Major Segment Sections Covered in the Report: -

By Vehicle Type

·         Two Wheeler

·         Three Wheeler

·         Passenger Car

·         Commercial Vehicle

·         Light Commercial Vehicle (LCV)

·         Medium & Heavy Commercial Vehicle (MHCV)

·         Off-the-Road Vehicle (OTR)

By Demand Type

·         OEM

·         Replacement

By Tire Type

·         Radial

·         Bias

By Season Type

·         Summer Tires

·         Winter Tires

·         All Season Tires

By Sales Channel

·         Direct Sales

·         Dealers & Distributors

·         Online Platform

By Rim Size

·         Upto 12”

·         12.1” to 15”

·         15.1” to 18”

·         18” to 22.5”

·         22.6” to 26”

·         26.1” to 35”

·         35.1” to 47”

·         Above 47”

By Price Category

·         Budget

·         Economy

·         Premium

Customize Your Report:

The Tire (Tyre) report can be tailored to the client’s specific needs for specific locations or countries. Furthermore, with Markntel Advisors, the client is free to request customization to further tailor the report to their preferences. Researchers at Markntel Advisors aim to filter the report in the best interest of the stakeholder, to make it simplified, systematic, and navigation-wise smooth. 

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