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Global Tire Market 2024

Rising sales of automobiles in North-America and Asia-Pacific region further boost the growth of global tire market. OEM's segment is expected to generate the maximum revenue followed by aftermarkets in upcoming years

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Global Tire Market 2024

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  1. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 Report Code CMM1001 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C- 51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 www.goldsteinresearch.com sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  2. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 Global Tire Market Market Overview Global tire market is profoundly dependent on the wellbeing of automotive industry; worldwide production of car sales is anticipated to reach 77.8 million by the end of 2017. Owing to the huge demand generated from cars, buses and trucks coupled with increasing demand for low resistance tires, the global tire market is projected to reach heights in the upcoming future. Replacement tire shipments tend to be the largest and most defensive piece of the tire market. On the other hand, tire manufacturers continue to benefit from their over-exposure to replacement market. The replacement tire market is relatively lesser recurring and mounts the global tire market in terms of margin. Geographically, Asia-pacific region dominates the global market in terms of production and consumption. Moreover china is capturing the global market with their low pricing strategy and represents the world biggest market for tires. Browse Full Report @https://www.goldsteinresearch.com/report/global-tire-market-outlook-2024-global- opportunity-and-demand-analysis-market-forecast-2016-2024 Sample Request Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  3. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 Market Segmentation Global tire market can be segmented in to two sectors • OEM • Replacement tire market On the basis of product type, global tire market can be divided into following segments:- Off-road/earthmover tires (OTR) • Agricultural tires • Racing tires • Truck tires • Aircraft tires • Motorcycle tires • Buggy tires • Tubes In product segment, global players are capturing the market by introducing appealing new products with specific optimization in order to meet the fluctuation of demand in each geographical segment. Geographically, the global tire market is segmented into following segments:- • North America (US and Canada) • Europe (UK, Germany, France and others) • Asia-Pacific (China, Japan, India, Australia and the rest) • Middle East and Africa (GCC Countries, North Africa and the rest) • Latin America (Brazil, Mexico and others) Sample Request Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  4. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 Growth Drivers and Restraints Increasing consumer awareness towards road safety along with rising number of road accidents has forced OEMs to focus on tire efficiency and performance. Now the key players of the market are taking the road to innovate new product design such as lightweight tires, streamlined ribs, blocks and lugs. Stable production in automotive industry will further flourish the growth of OEM market. Sheer size of demand for lower rolling resistance tires is majorly driving the global market, lower rolling resistance tires can save up to 15% of the fuel consumed. The environmental benefit of lower rolling resistance tires is propelling the demand such products worldwide. Owing to rising average vehicle life, replacement tire demand in the aftermarket is likely to increase in the coming future. With boosting replacement rate, replacement tire market is carrying out the major revenue share with a steep rise of 8% market share in 2016. Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-tire-market- outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024 Sample Request Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  5. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 Market Size and Forecast Global tire market is anticipated to reach USD 322 billion by 2022 witnessing a promising CAGR of 8.4% over the forecast period i.e. 2016-2024. The market is expected to reach 2.4 billion units by 2022. Of the road product segment is expected to witness a strong CAGR of 4.8% through the forecast period. With massive demand of two wheeler tires, Asia pacific region is expected to project a CAGR of 5.3% over the forecast period. In 2016, 38% of the global market share is captured by Asia Pacific region. XX Sample Request XX XX Global Tire Market Size (USD Billion), 2016-2024 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  6. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting company and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our industry analysis reports and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  7. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 For more information Contact Us: 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America +1-646-568-7747 +1-437-886-1181 Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 www.goldsteinresearch.com sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  8. Vision Value Visibility Global Tire Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast 2016-2024 Thank you Thank you Thank you Thank you Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

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