Press release
Automobile Tire Market Volume, Revenue, Scope, Key Drivers and Growth Rate Forecast 2025
Automobile tire is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Automobile tires provide flexible cushion between the vehicle and the road. 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. In 2018, the market size of Automobile Tire is xx million US$ and it will reach xx million US in 2025, growing at a CAGR of xx% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.
In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Automobile Tire.
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In United States, European Union and China market, the following companies are covered:
Bridgestone
Michelin
Goodyear
Continental
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
Market Segment by Product Type
Bias Tire
Radial Tire
Market Segment by Application
Passenger Car
Commecial Car
Key Regions split in this report:
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
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