Worldwide Automotive Tire market will reach 220.5 Billion US$ by the end of 2025, growing at a CAGR of 2.3% during 2018-2025.
The tire is a ring or band of rubber, either solid or hollow and inflated, or of metal, placed over the rim of a wheel to provide traction, resistance to wear, or other desirable properties.
This report we researched the automotive type which is used in automotive. Asia is the biggest supplier of automotive tire, the production market share of Asia was 59.23%. Europe is the second supplier, with the production market share of 16.9%.
Europe is the biggest consumer of automotive tire, the consumption of Europe was more than 479 million units in with the consumption market share of 26.12%. North America is the second consumer with the consumption market share of 23.25%.
Market competition is intense. There is 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 global Automotive Tire market will reach 220500 million US$ by the end of 2025, growing at a CAGR of 2.3% during 2018-2025.
Global Automotive Tire Market Professional Survey Report 2018 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 99 pages report.
This market report provides in-depth analytics of the Automotive Tire industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Automotive Tire market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
By Industrial Application, the market can be split into:
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.