DUBLIN—The "Global Automotive Winter Tire Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global automotive winter tire market to grow at a CAGR of 4.36% during the period 2017-2021.
Global Automotive Winter Tire Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is bio-oil-based formulation in manufacturing process of winter tires. Oils are important raw materials in tire manufacturing and three commonly used oils are paraffinic, aromatic, and naphthenic. Winter tire manufacturers have also begun using environment-friendly raw materials.
One driver in the market is discounts offered on insurance premium, driving adoption of winter tires. Winter tires increase the safety quotient of the vehicles (passenger cars and CVs) on snow or ice-covered pavements.
Therefore, regulators are pushing the adoption of winter tires in colder regions. However, their adoption is no more limited to the regulatory standards, emerging trends such as insurance discounts are expected to play a crucial role in generating the demand for the same.
The report states that one challenge in the market is prohibition of winter tires in certain regions may impact volume sales. Some countries of the EU, which have expressly stated snow chain and winter tire laws, have mandated that winter tire can only be used during certain times of the year depending on certain snow thickness.
Key vendors
- Bridgestone
- Continental
- Goodyear Tire & Rubber Company
- Hankook
- Michelin
- Pirelli
Other prominent vendors
- Dunlop
- Giti Tire
- Nokian Tyres
- Toyo Tire & Rubber Company
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by vehicle type
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/3kwl74/global_automotive
Contacts
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Tires
