World Automotive Tire Market Worth $219 Billion In 2017

Visiongain assesses that the worldwide automotive tire market will achieve a value of $219bn in 2017. The global automotive tire market is of course strongly correlated with the production and sales of vehicles including two wheeler, passenger car, heavy vehicle and other commercial vehicles.

LONDON, UK. 17th March 2017: Visiongain’s new industry analysis the Automotive Tire Market Report 2017-2027: Forecasts By Vehicle Type (Passenger Car, LCV, HCV, Two Wheeler) by Product Type, (Radial, Bias) by Type of Sale (Replacement, OEM), by Tire Aspect Ratio (70) and By Geography (North America, Europe, APAC, LAMEA) Plus Analysis of Top Companies indicates that the global automotive tire market will see revenues oi $219bn in 2017.

The lead analyst of the report said “The global automotive tire market is of course strongly correlated with the production and sales of vehicles including two wheeler, passenger car, heavy vehicle and other commercial vehicles. 

However total mileage per vehicle, especially amongst transport & logistics companies is increasing, thus increasing the attractiveness of tire retreading, which impacts upon the sale of new replacement tires. Furthermore, the raw materials required for automotive tire manufacturing are crude derivatives therefore linked to crude oil prices. Crude oil prices have fallen in recent years worldwide. Therefore, prices of synthetic rubber and other crude derivatives used in the manufacturing of tires are expected to rise in the coming years, which could impact the global tire market.”

The 165 page report contains 155 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive tire marketVisiongain provides forecasts for the period 2017-2027 for the leading submarkets by vehicle type (Passenger Car, LCV, HCV, Two Wheeler) by product type, (Radial, Bias) by Type of Sale (Replacement, OEM), by tire aspect Ratio (70).

The 165 page study offers market forecasts and analysis for 4 regions and 19 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering 10 companies leading the field in automotive tires including Bridgestone Corporation, Continental AG, Cooper Tire and Rubber Company, Hankook Tire, Michelin, Pirelli & C.S.p.A, Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Company, Toyo Tire and Yokohama Rubber Co., Ltd.

The Automotive Tire Market Report 2017-2027: Forecasts By Vehicle Type (Passenger Car, LCV, HCV, Two Wheeler) by Product Type, (Radial, Bias) by Type of Sale (Replacement, OEM), by Tire Aspect Ratio (70) and By Geography (North America, Europe, APAC, LAMEA) Plus Analysis of Top Companies report will be of value to anyone who wants to better understand the automotive tire market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive industry.

 

Notes for Editors

If you are interested in a more detailed overview of this reportBusiness Management Articles, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.