Focus On Automotive Tire Market and Industry Development Research Report 2014 to 2021
Automotive tire is a ring shaped component manufactured from rubber which covers wheel’s rim and plays a very crucial role in automobile performance, speed, balance and efficiency. Tires are manufactured according to application types as high performance tires usually used in sports cars or Formula-1 racing cars are designed for high speeds, winter tires which are designed to work in low temperature conditions and various other application tires.
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This report examines the global automotive tire market and provides information regarding the revenue (USD Million) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
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A. Drivers :
1. Increasing Demand for Light Passenger Vehicles & Heavy-Duty Vehicles
2. Increasing Stringent Fuel Economy & Exhaust Emission Control Targets
B. Restraints :
1. Fluctuating raw materials prices
C. Porter’s four forces model has been used to depict the impact of various factors such as :
1. Degree of competition
2. Bargaining power of suppliers
3. Threat of substitutes
4. Bargaining power of buyers
D. Market Analysis :
Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, and availability of raw materials, competition, and other factors such as social and legal constraints. The automotive tire market has further been segmented based on type such as radial tire and bias tire. The study provides forecast and estimates market for each type in terms of revenue and volume during the forecast period from 2015 to 2021.
E. Insight Region Of Markets :
In terms of geography, the automotive tire market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
F. Methodology :
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.
SEGMENTATIONS IN REPORT :
1. Automotive Tire Market by Type :
a. Radial Tire
b. Bias Tire
2. Automotive Tire Market by Application :
a. Passenger Cars
b. Light Commercial Vehicle
c. Heavy Commercial Vehicle
d. Two Wheelers