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Automotive Tires Market

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Automotive Tires Market Expected to be Valued US$ 645 Bn by the end of 2027
A comprehensive market evaluation put forth by Future Market Insights on the global
automotive tire market in its new research report titled “Automotive Tire Market: Global
Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers the
drivers, impact, challenges, trends as well as opportunities in the global automotive tire
market with competition assessment during the period of 2017-2027.
A detailed market segmentation is included in the research publication based on which the
value and volume analysis of various segments and sub-segments is carried out during
the period of assessment. The global automotive tire market is expected to witness robust
growth across main regions of Asia Pacific excluding Japan (APEJ), North America,
Western Europe, Eastern Europe, Latin America, Japan and Middle and Africa (MEA)
during the forecast period.
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There are various trends captured by Future Market Insights in this research report which
impact the global automotive tire market, and influence its growth during 2017-2027. The
evolving technology which is set to changing the future scenario of tires, increasing
mergers and acquisitions with a view to expand the retail network, the increasing use of
tire pressure monitoring systems (TPMS) thus increasing the awareness of tires and its
functionality among consumers, strategic collaborations taking place between tire
manufacturers with famous non-tire entities to promote brand value and better positioning
of their tires, increasing use of digital platform with which several consumers are able to
buy through e-commerce, trend of switching to green tires as an environment friendly
option and decrease in the selling price of small tires.
According to Future Market Insights, the global automotive tire market is expected to grow
at a robust growth rate during the forecast period, to register a CAGR of 6.3% during
2017-2027 and is anticipated to be valued at about US$ 645 Bn by 2027 end.
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The global automotive tire market research report has analysed various key players
involved in the operations related to automotive tires. Continental AG, Bridgestone Corp.,
Michelin, Goodyear Tire And Rubber Company, Pirelli & C. S.P.A, Yokohama Rubber
Company, Limited, Cheng Shin Rubber Industries, Sumitomo Rubber Industries Ltd., Toyo
Tire & Rubber Company, Trelleborg AB, Cooper Tire & Rubber Company, Hankook Tire,
Madras Rubber Factory Limited, Kumho Tire Co. Inc., Apollo Tyres Ltd, Sailun Tires Ltd,
Shandong Linglong Tyre, Nokian Renkaat Ojy, Titan Tire Corporation, and Nexen Tire
America Inc. are the key companies profiled in the global automotive tire market reseach
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tire, Automotive Tires Market
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