Business

Global Automotive Tire Market 2019 is growing at a CAGR of 2.4% upto 2024 and expected to reach around USD 211500 million globally by 2024

Global Automotive Tire Market
Global Automotive Tire Market

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.

Obtain the Brochure of the Report: https://www.apexmarketsresearch.com/report/global-automotive-tire–market-by-product-type-bias-89607/#sample

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:
Bridgestone
Michelin
Goodyear
Continental
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
GITI Tire
Cooper Tire
Kumho Tire
Toyo Tire
Apollo Tyres
Triangle Group
Nexen Tire
Hengfeng Rubber
Nokian Tyres

Market Segment by Type, covers:
Bias Tire
Radial Tire

Market Segment by Applications, can be divided into:
Passenger Car
Commecial Car

Buying Inquiry: https://www.apexmarketsresearch.com/report/global-automotive-tire–market-by-product-type-bias-89607/#inquiry

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.

About the author

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Tim Coleman

With thorough interest in media and technology, I write about everything tech. Over the past 8 years, I have written numerous articles and research papers about international trade and consumer media. I also write opinion pieces about video games, internet, and evolving technology. My engineering degree in the field of information systems also helped a great deal in strengthening my interest and knowledge in the field of technology.

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