Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Tire Market PR

Due to demand for high performance tires, the worth of the Global
Automotive Tire Market may rise to US $ 262.72 bn by 2023
Automotive Tire Market Share, Size, Trends, And Business Opportunity Analysis Report 2018
include historic data, with forecast data to 2023. Automotive Tire Market report is helpful for
future strategy development, and to know about Market Drivers, Restraints, Opportunities, And
Global market size, share, Growth, Trends, key players forecast to 2023
Market Research Future (MRFR) has published a research report about the global automotive
tire market that anticipates enlargement for this market with 4.48% CAGR (Compound Annual
Growth Rate) between 2017 and 2023. In terms of cash, the worth of this market has been
estimated to be US $ 262.72 bn by the end of forecast period.
The factors leading to the growth of the global automotive tire market include government-
mandated improvements in emission standards, growing number of vehicles on the road,
improvement of the durability and reliability of vehicles, increasing disposable income of the
middle class, popularity of high performance tires, more investment on research & development
(R&D), and increasing use of automotive tire in premium sport utility vehicles.
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Key Players:
The key players in the global automotive tire market include Bridgestone Corporation(Japan),
Continental AG (Germany), Cooper Tire & Rubber Company (USA), The Goodyear Tire &
Rubber Company (USA), Hankook Tire Co. Ltd. (South Korea), Michelin Group (France),
Pirelli (Italy), Rubber Co. Ltd (Japan), Sumitomo Rubber Industries, Ltd. (Japan), Toyo Tire &
Rubber Co., Ltd (Japan), and Yokohama (Japan).
Segmentation:
The global automotive tire market has been segmented on the basis of end user market, section
width, type, vehicle type, and lastly, by region. Based on end user market, this market has been
segmented into original equipment manufacturer (OEM) and aftermarket. On the basis of section
width, the market has been segmented into below 200 mm, 200-230 mm, and above 230 mm. By
type, the market has been segmented into bias and redial pedal. As per the vehicle type, the
market has been segmented into commercial vehicles and passenger vehicle.
The regional segmentation of the global automotive tire market segments the market into
continent-based regional markets known as North America, Europe, Asia Pacific, Latin America,
and the Middle East & Africa (MEA). The Asia Pacific is the largest regional market due to the
rise in the automotive industry in nations such as China, India and Japan. The markets for
passenger cars as well as two-wheelers are growing in these countries. In this region, the market
is rising due to bigger infrastructure spending, increasing per capita income, and initiatives to
grow the amount of economic production cost & Foreign Direct Investment (FDI). Other