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Automotive Tire Market 2019
Automotive Tire Market Share, Size, Trends, And Business Opportunity Analysis Report 2019
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
Global Automotive Tire Market Information Report by Type (Radial, Bias/ Cross Ply), By Section
Width, By End Market (OEM’s, Aftermarket), By Application (Passenger Cars, Commercial
Vehicle) and By Region - Global Forecast To 2023
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Market Scenario
Automotive tires are used to cover the rim of the wheel for protecting it and withstanding the
tactic force between the road surface and the vehicle. Tires are manufactured with rubber,
which provides flexible covering to the rim of the wheel, thus helps in reducing vibrations from
vehicle machinery. The demand for tires is directly related to the increase in demand of
automobiles.
The increase in sales of passenger and commercial vehicles is directly impacting the growth of
the automotive tire market. Manufacturers are adopting low Rolling Resistance (LRR) and self-
inflating technology due to the increasing awareness for fuel saving, which is directly impacting
the growth of the automotive tire market. The other factor which drive the demand of
automobile tire market are the increasing demand of customers for better mileage and
durability which are provided by the radial tires. The growing demand for eco-friendly tires with
the increase in awareness for environment is also fuelling the demand of the automotive tire
market.
Regional Analysis of Automotive tire market
Asia-Pacific is expected to dominate the global automotive tire market due the rapidly
increasing domestic consumption and the availability of cheap labor in the region. Due to the
rising demand in rural areas, India is the fastest growing country in the region, in passenger cars
segment. This contributes to the growth of the Asia-pacific region in automotive tire market.
Europe region is the second highest in the global automotive tire market. This demand is driven
by the booming sport utility vehicles which require high quality automotive tires.
The Key Players of Automotive Tire Market Are: