DUBLIN--(BUSINESS WIRE)--The "Automotive Tire Market by Season Type, Rim Size, Vehicle Type, Load Index and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

A rubber tire is a component that is installed around the rim of a wheel to transfer a vehicle's load from the axle to the ground. When the tire travels over a rough surface, the majority of the tire is pneumatically inflated to provide a flexible cushion with shock absorption.

Furthermore, due to rising fuel efficiency norms encouraging the development of alternative energy-driven vehicles; automobile manufacturers are leaning toward electric and alternative fuel automobiles. The increase in commercial and passenger automobile production as well as more advanced technology, creates a demand for automotive tires across the globe.

For instance, Bridgestone has developed innovative tires Ecopia EP500 Ologic. These tires are based on Ologic technology, which combines the advantages of a high diameter with a narrower breadth. Furthermore, this solution improves fuel efficiency by reducing rolling resistance and environmental impacts.

Market Dynamics

Drivers

  • Increase in vehicle production in developing countries
  • Rise in competition among tire manufacturers

Restraints

  • Increase in demand for tire remolding
  • Volatile prices of raw materials

Opportunities

  • Advancement in Technology
  • Rise in adoption of electric vehicles

Key Benefits

  • This study presents analytical depiction of the global automotive tire market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall automotive tire market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global automotive tire market with a detailed impact analysis.
  • The current automotive tire market is quantitatively analyzed from 2015 to 2030 to benchmark the financial competency.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Season Type

  • Summer
  • All Season and Winte

By Rim Size

  • Less Than 15 Inches
  • 15 to 20 Inches
  • More than 20 Inches

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle
  • Electric vehicle

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Players

  • Apollo Tyres Ltd
  • Bridgestone Corporation
  • CEAT Limited
  • Continental AG
  • Hankook & Company Co., Ltd.
  • JK Tyre & INDUSTRIES LTD.
  • Michelin
  • MRF Limited
  • Nokian Tyres PLC
  • Pirelli & C. S.p.A
  • Sailun Group Co., Ltd.
  • Salsons Impex Pvt. Ltd
  • Shandong Linglong Group Co. Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • The Yokohama Rubber Co., Ltd.,
  • Triangle Tire Co., Ltd.,
  • Toyo Tire Corporation
  • Wanli Tire Co., Ltd.
  • Zhongce Rubber Group Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/3h8hrx

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