Automotive Tire Market by Type, Section Width, Aspect Ratio, Aftermarket - 2019 | MarketsandMarkets

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MarketsandMarkets Presents
Automotive Tire Market Expected to Reach 666.6
Million Units by 2019
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The report Automotive Tire Market by Type
(Radial, and Bias/Cross ply), Section Width (lt200
mm, 200-230 mm, and gt230 mm), Aspect Ratio (lt60,
60-70, gt70), and Aftermarket (Radial, and
Bias/Cross Ply) - Global Trends and Forecast to
2019, defines and segments the automotive tire
market with analysis and forecast of the global
market size, in terms of volume and value.
Browse 70 market data tables 57 figures 135
pages and in-depth TOC on Automotive Tire
Market  You can speak to our
analyst_at_ http//www.marketsandmarkets.com/speakto
analyst.asp?id40166492
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Source MarketsandMarkets Analysis
Automotive Tire Market, by Aspect Ratio, 2014 vs
2019( Million)
Source MarketsandMarkets Analysis
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A tire consists of a rubber ring around the rim
of automobile wheel which is responsible to
perform several functions such as support the
weight of the vehicle, transmit vehicle
propulsion braking, soften the impact of
improper road condition and maintain the vehicles
direction. The vehicle manufacturer needs to
ensure that the tire is able to perform these
functions and meet several other demands like
increasing needs of the vehicle owner, increasing
advancement in automobile quality capability,
and the diversification of usage. Owing to which
the capabilities and performance of tires are
becoming more intricate and varied. Thus the tire
manufacturers need to continually refine existing
technology and introducing new concepts to the
marketplace to meet these demands. Owing to this
the global automotive demand for the tire market
is projected to grow at a promising rate of 5.9
from 2014 to 2019. The largest contributor to the
growth of tire market is Asia-Oceania. While the
North American tire market is estimated to be the
second largest market, owing to the increased
production of vehicles in the region and due to
recovery of economy in the North America. Growing
demand of automotive tire from emerging
economies, such as India, Thailand, and Vietnam
is anticipated to boost the industry. The
parameters which are driving the tire industry
are increasing automobile demand, rapid global
expansion, better quality production, increasing
customers demand for better mileage and
durability ( radial tires are replacing
conventional tires) and growing demand for
eco-friendly tires. The global market, in terms
of volume, is estimated to be 500.4 million units
in 2014. This market is growing at a significant
rate in North America and Asia-Oceania, while the
European and RoW markets are estimated to grow at
a decent rate.
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• This report classifies and defines the automotive
  tire market size, in terms of volume and value.
  It provides a comprehensive analysis and insights
  (both, qualitative and quantitative) into
  automotive tires. It highlights potential growth
  opportunities in the coming years, while also
  reviewing the market drivers, restraints, growth
  indicators, challenges, market dynamics,
  competitive landscape, and other key aspects with
  respect to automotive tires. Along with a
  quantitative analysis, , the report covers
  qualitative aspects such as value chain analysis,
  PEST analysis, and Porters five force analysis
  for the global market.
• The key players in this market have also been
  identified and profiled. Some of the key players
  are Bridgestone Group (Japan), Continental Group
  (Germany), Goodyear Tire Rubber Company (U.S.),
  Michelin Group (France), and Pirelli C. S.p.A
  (Italy). The major strategies adopted by these
  market players are geographic expansion and new
  product development.
• Scope of the Report
• The automotive tire market is divided into four
  major segments
• Global Automotive Tire Market, By Aspect Ratio
• lt60
• 60-70
• gt70
• Global Automotive Tire Market, By Section Width
• lt200 mm
• 200-230 mm
• gt230 mm

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• Global Automotive Tire Aftermarket
• Radial
• Bias/cross ply
• Global Automotive Tire Market, By Type Region
• Asia-Oceania
• China
• Japan
• South Korea
• India
• Europe
• Germany
• France
• U.K

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