DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Automotive Tire Market Research Report: By Vehicle, Design, End - User, Regional Outlook - Industry Trends, Growth Prospect and Demand Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Growing popularity of next-generation, high-performance tires is the key trend observed in the APAC automotive tire market. The fuel-efficient and low-noise high-performance tires have been mainly used in luxury passenger cars; in recent years, they have made inroads in crossover utility vehicle and premium sport utility vehicle segments. The mainstream adoption of these tires is encouraging tire makers, across the world, to invest in new technologies for the development of ultra-high-performance tires to increase speed and overall performance of tires. Many manufacturers are developing these tires by employing patented technologies, specialized silica compounds and polymers, and unique tread designs to meet changing consumer demands and achieve desired performance. In addition, with increasing tire demand, several tire manufacturers are offering next-generation, high-performance tires with ride comfort, all-season or multi-season driving capacities, and less tread wear.
APAC holds the largest share in the global automotive industry, due to the presence of several global vehicle and automobile manufacturers. Thus, the future of the APAC automotive tire market looks promising in the region, especially with reduction in tariff, introduction of technologically advanced vehicles such as autonomous and electric vehicles, changing preferences of young consumers, increasing compliance in product manufacturing, and growing demand for tires in developing countries. Furthermore, there are prominent growth opportunities in the light commercial vehicles category, owing to the growing production of these vehicles in order to meet the demand of customers. Additionally, due to existence of a large customer base, introduction of open investment policy, accessibility of a highly skilled and cheap workforce, and state and local government incentives for the adoption of vehicles, the automotive industry in the region continues to maintain its dominance, thus supporting the growth of the APAC automotive tire market.
Collaborations and acquisitions and facility expansions are key strategies adopted by the players to increase their foothold in the APAC automotive tire market. For instance, in August 2018, Continental AG announced its plans to acquire the Kmart Tyre and Auto Service (KTAS) chain for approximately $244 million. With 258 branches and more than 1,200 employees, KTAS is one of the largest tire and auto service chains in Australia. The acquisition is part of the company's Vision 2025, which targets systematic expansion of its tire division across the world.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Vehicle
1.3.2 Market Segmentation by Design
1.3.3 Market Segmentation by End Use
1.3.4 Market Segmentation by Country
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.3 Market Size Estimation
2.3.1 Baseline Factors
2.3.2 Automotive Tire Market Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Vehicle
4.1.2 By Design
4.1.3 By End Use
4.2 Value Chain Analysis
4.3 Market Dynamics
4.4 Porter's Five Forces Analysis
Chapter 5. Import and Export Analysis and Prominent Tire Size
5.1 Import and Export Analysis
5.2 Prominent Tire Size in APAC Market
Chapter 6. Price Trend Analysis
Chapter 7. Regulatory Landscape
7.4 South Korea
Chapter 8. APAC Market Size and Forecast
8.1 By Vehicle
8.2 By Design
8.3 By End Use
8.4 By Country
Chapter 9. China Market Size and Forecast
Chapter 10. Japan Market Size and Forecast
Chapter 11. India Market Size and Forecast
Chapter 12. South Korea Market Size and Forecast
Chapter 13. Indonesia Market Size and Forecast
Chapter 14. Thailand Market Size and Forecast
Chapter 15. Vietnam Market Size and Forecast
Chapter 16. Australia Market Size and Forecast
Chapter 17. Malaysia Market Size and Forecast
Chapter 18. Taiwan Market Size and Forecast
Chapter 19. Rest of APAC Market Size and Forecast
Chapter 20. Ultra-High-Performance Tire Market Size and Forecast
Chapter 21. Off-the-Road Tire Market Size and Forecast
Chapter 22. Competitive Landscape
22.1 Benchmarking of Key Market Players
22.2 Key Players and Their Brands
22.3 Strategic Developments of Key Players
Chapter 23. Company Profiles
23.1 Continental AG
23.2 Michelin Asia-Pacific Pte. Ltd.
23.3 Bridgestone Asia Pacific Pte. Ltd.
23.4 Yokohama Rubber Co. Ltd.
23.5 Nokian Renkaat Oyj
23.6 Apollo Tyres Ltd.
23.7 Sumitomo Rubber Industries Ltd.
23.8 The Goodyear Tire & Rubber Company
23.9 Cooper Tire & Rubber Company
23.10 Pirelli & C. S.p.A.
23.11 Hankook Tire Co. Ltd.
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