Asia-Pacific Automotive Tire Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report

1. Asia-Pacific (APAC) Automotive Tire Market Growth, Segments, Size, Industry Analysis and Opportunities 2024 1 ©P&SIntelligence.Allrightsreserved

2. The Asia-Pacific automotive tire market attained sales of 1,080.5 million units in 2018 and is predicted to reach sales of 1,826.8 million units by 2024. According to the estimates of P&S Intelligence, a market research firm based in India, the market would progress at a CAGR of 9.1% between 2019 and 2024. The soaring tire replacement rates and the rapidly expanding automotive industry across the world are the main factors driving the progress of the market. The rapid growth of the automotive industry is one of the biggest factors fueling the advancement of the APAC automotive tire market. The Asia-Pacific region is the biggest automobile manufacturing region in the world. This region is home to numerous global automotive parts and components and vehicle manufacturing firms. The rapid manufacturing of light commercial vehicles in several countries is a key factor driving the growth of the automotive industry. Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/apac-automotive-tire-market/report-sample In addition to this, the large-scale usage of radial tires in passenger vehicles is further pushing up their sales in the region. The Asia-Pacific automotive tire market recorded the highest growth in China in the past and this trend is likely to continue in the years to come. This would be a result of the fact that the country is an automobile manufacturing center and is home to a huge customer base of passenger vehicles in the world. Hence, it is quite clear from the above paragraphs that the market would demonstrate huge expansion all over the world in the coming years, mainly because of the surging manufacturing of automobiles, especially passenger cars and light commercial vehicles, and the increasing vehicle tire replacement rate across the world.

3. Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=apac-automotive-tire-market Market Segmentation by Vehicle Two-Wheelers Passenger Cars Light Commercial Vehicles Medium and Heavy Commercial Vehicles Market Segmentation by Design Radial Bias Market Segmentation by End Use Original Equipment Manufacturer (OEM) Aftermarket Market Segmentation by Country China Automotive Tire Market oBy vehicle oBy design oBy end use Japan Automotive Tire Market oBy vehicle oBy design oBy end use India Automotive Tire Market oBy vehicle oBy design oBy end use South Korea Automotive Tire Market oBy vehicle oBy design oBy end use Indonesia Automotive Tire Market oBy vehicle oBy design oBy end use Thailand Automotive Tire Market oBy vehicle oBy design oBy end use Vietnam Automotive Tire Market oBy vehicle oBy design oBy end use

4. Australia Automotive Tire Market oBy vehicle oBy design oBy end use Malaysia Automotive Tire Market oBy vehicle oBy design oBy end use Taiwan Automotive Tire Market oBy vehicle oBy design oBy end use Rest of APAC Automotive Tire Market oBy vehicle oBy design oBy end use This study covers Historical and the present size of the APAC automotive tire market Major factors driving the market and their impact during the short, medium, and long terms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants Historical and the present size of the market segments and understand their comparative future potential Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved

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