Asia is the biggest supplier of automotive tire, the production market share of Asia was 59.23% in 2015. Europe is the second supplier, with the production market share of 16.9% in 2015.
Europe is the biggest consumer of automotive tire, the consumption of Europe was more than 479 million units in 2015 with the consumption market share of 26.12%. North America is the second consumer with the consumption market share of 23.25% in 2015.
Market competition is intense. There are more than 60 key of automotive tire manufacturers in the world. Among them, the top 19 manufacturers occupied the global production marker share about 70%. Bridgestone, Michelin, Goodyear are the leaders of the industry. With the key technologies and patent, they formed the global market channel of the industry.
The worldwide market for Automotive Tire is expected to grow at a CAGR of roughly 2.4% over the next five years, will reach 211500 million US$ in 2024, from 183400 million US$ in 2019.
Global Automotive Tire Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Automotive Tire Industry report also provides essential attributes associated with Automotive Tire market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Automotive Tire Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Automotive Tire business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Automotive Tire market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
The prospective of this Automotive Tire industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Automotive Tire present market share and future prospects of the segment in terms of has also been explored in this report.
Global Automotive Tire market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Automotive Tire report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Automotive Tire Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.