Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

28/nov/2019 07:23:06 Vidhyanigam98 Contatta l'autore

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Bharat Book Bureau Provides the Trending Market Research Report on “Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”under Automotive Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

The Global Tire Market was worth 3.1 Billion Units in 2018, growing at a CAGR of 4.3% during 2011-2018. A tire surrounds a wheel’s rim to transfer the vehicle’s load on the surface and offers a strong grip between the road and the vehicle. It is a flexible and robust structure that is manufactured using various materials such as wire, fabric, natural rubber, carbon black and synthetic rubber. Tires are strong and flexible and help absorb vibrations. Since they improve the overall performance of the vehicle, they are widely utilized in buses, cars, trucks, bikes, bicycles, wheelchairs, lawn mowers, forklifts, shopping carts and airplanes.

Request a free sample copy of Tire Market Report @ https://www.bharatbook.com/marketreports/sample/reports/1598843

ATire Market - Bharat Book Bureau

Various factors such as rapid urbanization, changing lifestyles, mounting income levels and rising population have led to an increase in the sales of both commercial and passenger vehicles. Strong growth in the automotive industry is directly influencing the sales of tires across the globe. Moreover, increasing investments in the construction sector, the thriving tourism industry and rising vehicle motorization rates are positively impacting the production of commercial vehicles, thereby boosting the growth of the market. Apart from this, manufacturers are now engaging in the development of products such as ecological tires, flat run tires and nitrogen-based tires that are environment-friendly. For instance, they are employing orange peel extracts in the production to diminish petroleum usage. Tire market is anticipated to reach a volume of 3.9 Billion Units by 2024.

Regional Insights:
- India
- Japan
- Europe
- China
- Russia
- United States
- Brazil

On the geographical front, China holds the leading position in the global market. This can be accredited to the flourishing automotive industry in the region supported by increasing population and rapid urbanization.

Competitive Landscape:
The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players operating in the market. Some of the leading companies include:
- Bridgestone Corporation Japan
- Groupe Michelin France
- Goodyear Tyre & Rubber Co.
- Continental AG Germany
- Pirelli & C. S.p.A.

Key Questions Answered in This Report:
How has the tire market performed so far, and how will it perform in the coming years?
What are the key regional markets in the global tire industry?
What are the various stages in the value chain of the tire industry?
What are the key driving factors and challenges in the tire industry?
What is the structure of the tire industry and who are the key players?
What is the degree of competition in the tire industry?
What are the profit margins in the tire industry?
What are the key requirements for setting up a tire manufacturing plant?
How is tire manufactured?
What are the various unit operations involved in a tire manufacturing plant?
What is the total size of land required for setting up a tire manufacturing plant?
What are the machinery requirements for setting up a tire manufacturing plant?
What are the raw material requirements for setting up a tire manufacturing plant?
What are the packaging requirements for tire?
What are the transportation requirements for tire?
What are the utility requirements for setting up a tire manufacturing plant?
What are the manpower requirements for setting up a tire manufacturing plant?
What are the infrastructure costs for setting up a tire manufacturing plant?
What are the capital costs for setting up a tire manufacturing plant?
What are the operating costs for setting up a tire manufacturing plant?
What will be the income and expenditures for a tire manufacturing plant?
What is the time required to break-even?

Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/tire-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2019-2024/1598843

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