Global Tires Market is anticipated to reach US$ 169.06 Bn by 2029 from US$ 121.64 Bn in 2021 at a CAGR of 4.2% during a forecast period.
The global COVID-19 crisis has greatly redoubled trade demand for Tires Market Report contents embrace Size in the price for the global market, drivers, trends, and challenges, by the user, and rate of growth throughout the forecast amount. Historical figures are also provided. The study considers the world market’s state of affairs and its market dynamics. It covers a close summary of many market growth enablers, restraints, and trends. The report offers each demand and provides aspects of the market. It profiles and examines leading corporations and alternative distinguished ones operative within the market.
This synopsis is useful for both new entrants and the ones who are already established in the market. The report also gives you solutions that will help you further in the decision-making process.
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COVID-19 Impact:
COVID-19 has affected the global economy in many ways and has led to a lot of changes in the market to which everyone is getting used. The government has issued new rules and regulations due to COVID-19, this pandemic has an impact on every industry. The report published by MMR gives possible solutions to these problems along with suggestions to expand your business.
Competitive Landscape and Tires Market Share Analysis:
The competitive landscape for the Tires market provides statistics and data on the various competitors. The analysis provides a slight insight into detailed and reliable revenue information for the player from 2018 to 2021. It also gives a detailed analysis based on accurate revenue (global and regional) information for the period 2018-2021. Company description, principal business, total revenue and sales, revenue earned in the Tires business, date of entry into the Tires market, Tires product introduction, recent advancements, and other details are given.
Tires Market Segment:
The Passenger Cars Tires category led the market by Vehicle Type, accounting for US$ Bn in 2021 and projected to expand at a CAGR of 4.3%. The market for passenger automobiles is dominated by the United States, which will account for 27% of global sales in 2020. Global demand for innovative features, an improvement in living standards, and an increase in per capita income are some of the reasons driving the growth of the passenger car tyre market. Additionally, during the projection period, the market for passenger automobiles is predicted to rise due to consumers' growing demand in safe, high-end, luxurious, and comfortable vehicles.
Tires Market Key players:
• Apollo Tyres Ltd
• Avon Tyres
• Bridgestone Corporation
• CEAT
• Cheng Shin Rubber Ind. Co. Ltd
• Continental AG
• Cooper Tire & Rubber Company
• Giti Tire Pte. Ltd
• Goodyear Tire & Rubber Company
• Hankook Tire Co., Ltd
• JK Tyre & Industries Ltd
• Kumho Tire Co., Inc
• Maxxis International
• Michelin
• MITAS A.S.
• MRF
• Nexen Tire Corporation
• Nokian Tyres Oyj
• Pirelli & C. S.p.A
• Shandong Linglong Tire Co., Ltd
Tires Market Regional Insights:
- Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
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