Tire Market Size, Trends, Industry Growth, Demand and Forecast Period 2019 - 2024

1. Global Tire Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Tire Market Overview: As per the latest report by IMARC Group, titled “Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global tire market size reached 3.1 Billion Unit in 2018, exhibiting a CAGR of 4.3% during 2011-2018. Tires refer to ring-shaped, pneumatically inflated structures which are attached to the rim of a wheel. They are primarily manufactured using natural or synthetic rubber, wire, fabric, carbon black and other chemical compounds. Tires help in providing a gripping surface for traction and serve as cushion for the wheels of a moving vehicle. They efficiently transfer the vehicle’s load to the ground and can withstand the tractive force between the surface of the road and the vehicle. They also aid to reduce the impact of vibrations and absorb shocks, thereby enhancing the overall performance of the vehicle. They are widely installed in various vehicles such as cars, buses, trucks, tractors, forklifts, aircraft, bicycles, motorcycles, wheelchairs, shopping carts and perambulators. Tire Market Trends A thriving automotive industry is one of the key factors driving the market growth. These tires are also projected to offer lower rolling resistance for higher fuel economy and superior handling.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ In Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Furthermore, the development of green and eco-tires, along with growing awareness about their benefits, is also expected to catalyze the market growth. Looking forward, the market volume is anticipated to reach 3.9 Billion Units by 2024. Request for a sample report: https://www.imarcgroup.com/tyre-manufacturing-plant/requestsample

5. Report Description and Highlights Report Description Rapid urbanization, increasing population growth and mounting disposable income levels have led to an increase in the demand for passenger and commercial vehicles which, in turn, is proliferating the sales of tires across the globe. This has resulted in the launch of new products variants in the market that offer greater mileage and improved performance even in extreme weather conditions. Manufacturers are also investing heavily in the development of non-pneumatic tires (NPT) or airless tires, which are not supported by air pressure, and hence will not deflate under any circumstances. Key Market Segmentation: Market Breakup by Segment • • OEM Market Replacement Market On the basis of the segment, the market has been bifurcated into OEM and replacement. Amongst these, the OEM segment accounts for the majority of the overall market share, owing to the increasingsales of both passenger and commercial vehicles. For more information, click here: https://www.imarcgroup.com/tyre-manufacturing-plant

6. Report Description and Highlights Report Description Market Segmentation by Application • • • Passenger Car/ Light truck Commercial Tires (Trucks) Commercial Tires (Off- Highway) Based on the application, passenger cars/light trucks represent the most popular application segment. Other major segments include commercial tires (trucks) and commercial tires (off- highway). Market Segmentation by Region • • • • • • • India Japan Europe China Russia United States Brazil

7. Report Description and Highlights Report Description On the geographical front, the market has been categorized into India, Japan, Europe, China, Russia, the United States and Brazil. Currently, China holds the leading position in the market. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • Bridgestone Corporation Japan Groupe Michelin France Goodyear Tyre & Rubber Co. Continental AG Germany Pirelli & C. S.p.A. Browse Related Report Pakistan Tyre Market Report: https://www.imarcgroup.com/pakistan-tyre-market GCC Tire Market Report: https://www.imarcgroup.com/gcc-tire-market

8. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

11. Contact Us FOR MORE DETAILS Visit us at : https://www.imarcgroup.com Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com