What is Rubber Tyre Market Scope?
Rising automotive sales across different segments will help to boost the global rubber tire market. A huge majority of the world rubber production is expended by tire manufacturing. The vital performance necessities of automotive-tires are to deliver grip to the automobile, resist abrasion, and carry and transport loads, all the while providing reasonable safety and performance to the vehicle. Different types of rubber are used for developed tires for different purposes such as natural rubber and synthetic rubber. The global rubber tire industry has been developing tremendously over the past period, both in terms of volume and revenue, due to the escalation in demand.
The Rubber Tyre market study is being classified by Type (Natural Rubber Tyre and Synthetic Rubber Tyre), by Application (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle and Two Wheeler) and major geographies with country level break-up.
Owing to less product variation in the global rubber tire market, manufacturers find it hard to maintain brand loyalty. Thus, to gain market share manufactures are competing on pricing for occupying large market share and generate revenue. This marks in high competition among the key players. Analysts at AMA predicts that Vendors from Japanese and Indian will contribute to the maximum growth of Global Rubber Tyre market throughout the predicted period.
Bridgestone Corporation (Japan), Goodyear (United States), MRF (India), Continental AG (Germany), Maxxis International (United States), Pirelli & C. S.p.A (Italy), Michelin (France), Sumitomo Rubber Industries, Ltd. (Japan) and The Yokohama Rubber Co. Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are JK Tyre & Industries Ltd. (India) and CEAT Ltd. (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Rubber Tyre market by Type, Application and Region.
On the basis of geography, the market of Rubber Tyre has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 6th March 2018, Goodyear has presented new tier technology designed to advance the performance of electric vehicles during the 2018 Geneva International Motor Show. It will be on the road by 2019 in Europe.
On 23rd February 2018, Continental is introducing two new tire technology called ContiSense and ContiAdapt, are accompanied by a tire study. These technology concepts will make for road safety and comfort in the future.
Influencing Market Trend
- High Adoption of Advanced Technology in Manufacturing Process
- Increasing Demand for Airplane Tyres
Market Drivers
- Rising Automotive Sales across Different Segments
- Upsurge in the Disposable Income & Standard Of Living Has Led To rising In Sales Of Luxurious Passenger Cars
Opportunities
- Growing Automotive Industry in Developing and Established Countries
Restraints
- Surge In Industries Reclining On The Retreading Process Of Tyres
- Fluctuation In Prices Of Raw Material
Key Target Audience
Raw Material Suppliers and Distributors, Commercial Research & Development (R&D) Institutions, Associations and Industrial Bodies, Traders, Exporters and Importers, Government Regulatory Bodies, Government and Private Research Institutes and Others
Customization available in this Study:
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