Automobile Life and Mileage To Bolster Global Automotive Tire Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Tires are a part of the automobiles which carry the vehicle load providing the vehicle a better road grip. Globally, automotive tires are made up of synthetic rubber, wire, natural rubber and fabric. Automobile market is the major consumer of tires due to the demand for light weight vehicle tires in industrializing countries. Commercial trucking activity contributes towards the sales of medium and heavy vehicle tires fuelling the market growth. The increase in sales of four wheelers and two wheelers is boosting the global automotive tire industry. Expanding and emerging economies are the major contributors towards the increase in sale of automobiles with the need for average annual vehicle mileage. On a global scale, aircraft, tractors and industrial vehicles contribute to the tire sales at a healthy pace. The increasing vehicle life drives the demand for replacement tires propelling the growth opportunities for aftermarket tires. The average life of a tire is 3 years after which it needs to be replaced. It is estimated that the vehicles on the road will be either new or with a life span of 3 to 4 years which need new tires. According to the study “Global Automotive Tire Market Research Report: Forecast to 2023”, industrialization has boosted the global tire market and China accounts for a largest share within the global tire market followed by India, Indonesia and Thailand. Japan holds the world’s fourth position; however, the demand is limited for only some period of time. Above average growth is observed in the developing countries such as Africa, Middle East, Central and South America regions. North America and Western Europe will witness a steady growth over the next few years. This trend is either due to new purchases or due to replacements, as vehicle ownership rates are already very high. The automotive tire market is segmented based on type such as radial and bias segments. Radial tire segment accounts for a larger share in the market due to wide and rigid construction as well as applications. Radial tires possess long tread life offering excellent steering control that is suitable for cars, mid-size SUVs and some light trucks. The automotive tire market manufactures tires for all vehicle types such as passenger cars and commercial vehicles. Geographically, the automotive tire market is spread across North America, Europe, Asia-Pacific and Rest of the world. The leading players in global automotive tire industry are Bridgestone Corporation (Japan), Michelin Group (France), Toyo Tire & Rubber Co. Ltd (Japan), Cooper Tire & Rubber Company (U.S.), and Continental AG (Germany), Hankook Tire Co. Ltd. (South Korea), The Goodyear Tire & Rubber Company (U.S.), Sumitomo Rubber Industries, Ltd. (Japan), Pirelli & C. S.p.A (Italy) and Yokohama Rubber Co. Ltd (U.S.). Global automotive tires market is highly fragmented due to the presence of several international, regional and local players supplied tires to OEM’s as well as aftermarket. Large and medium vendors in the tires market compete intensely to attain major market share. New automobiles are integrated with radio frequency identification (RFID) within tires as it benefits both the truck fleets and manufacturers. RFID systems on tires enables easy tracking of manufacturing process of tire, inventory, shipping to the final point of sale, end-user and tire performance. Advanced technological development in the tire market is the introduction of tubeless tires, which does not require inner tubes and possess low durability. Manufacturers in the automotive tire industry are investing heavily to develop highly durable and affordable tires. Consumers demand low rolling resistance tires, tire retreading and recycling and cost-effective durable tires. The demand for tires is projected to increase over the next few years due to industrialization, increase in disposable income in developing regions and increase in purchase of more vehicles over the next few years. To know more, click on the link below:- https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/global-automotive-tire-market/154032-100.html Related Reports:- https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/winter-tire-market-outlook/165348-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/winter-tire-market/167973-100.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Global Automotive Tire Market Analysis, Global Automotive Tire Market Competition, Global Automotive Tire Market Competitive Analysis, Global Automotive Tire Market Forecast, Global Automotive Tire Market Future Outlook, Global Automotive Tire Market Growth Analysis, Global Automotive Tire Market Opportunities, Global Automotive Tire Market Overview, Global Automotive Tire Market Research Report, Global Automotive Tire Market Revenue, Global Automotive Tire Market Segmentation, Global Automotive Tire Market Shares, Global Automotive Tire Market Size, Global Automotive Tire Market Statistics, Global Automotive Tire Market Trends, Global Automotive Tire Market Value, Marché mondial du pneu automobile, Mercado global de pneus automotives, Thị trường lốp ô tô toàn cầu, Глобальний автомобільний ринок шин, سوق الإطارات العالمي للسيارات, ตลาดยางรถยนต์ทั่วโลก, 全球汽车轮胎市场