DUBLIN--(BUSINESS WIRE)--The "Global Automotive Tires Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global automotive tires market to grow at a CAGR of 2.96% during the period 2017-2021.
The report, Global Automotive Tires 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.
The latest trend gaining momentum in the market is the use of radio frequency tags in tires. Commercial truck tire manufacturers have started implanting radio frequency identification (RFID) tags into the tires while manufacturing them because this technology provides benefits to both truck fleets and tire manufacturers. RFID system contains a tag or a label- surrounded by a transmitter, receiver, and a reader. Microchip and antenna are the two parts present on the tag of RFID component. Information is stored and processed by microchip, whereas signals are received and transmitted by an antenna. Passive RFID tags are used for tires because they do not require a battery.
One of the major drivers for this market is the eco-friendly tires that reduce fuel consumption and save money. The US Department of Energy revealed that to overcome rolling resistance from tires, up to 15% of a car's fuel is being used. With the increasing fuel prices, OEMs are developing ways to make the vehicles fuel-efficient, reducing the fuel consumption. One of the ways is the use of eco-friendly tires.
Key vendors
- Bridgestone
- Continental
- Goodyear
- Michelin
Other prominent vendors
- Apollo Tyres
- Cooper Tire & Rubber Company
- Hankook Tire
- JK Tyre
- MRF
- Pirelli
- Sumitomo Rubber Industries
- Yokohama Tire Corporation
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: Market Segmentation By End-User
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/lw5h4w/global_automotive
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Related Topics: Automotive Tires