Automotive Tire Market Overview:

The purpose of this study is to provide an in-depth analysis of the Automotive Tire market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Automotive Tire industry. The study also provides a thorough examination of the market's value chain.

Leading companies invest considerably in research and development to improve efficiency and produce high-quality tyres. Tire producers have developed adaptable and lightweight tyres specifically for electric and hybrid vehicles as the popularity of electric vehicles grows. An growth in automobile manufacturing and robust demand for passenger cars are expected to boost the automotive tire market over the forecast period. Sport utility vehicles (SUVs) are growing in popularity in India and China, with significant market growth potential.

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Automotive Tire Market Scope:

The research method used to assess and forecast the Automotive Tire market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Automotive Tire market.

Automotive Tire Market Segmentation:

In terms of revenue, the Passenger Cars segment dominated the automotive tyre market in 2020, accounting for more than 48% of the total. Demand for passenger cars is significantly impacted by economic conditions, which include changes in exchange rates, GDP growth, inflation rates, and governmental policies. The demand for passenger cars is also impacted by changing fuel prices and the state of the transportation system. Future PC demand is anticipated to be boosted by both the improving economic outlook in the United States and emerging markets like China and India.

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Automotive Tire Market Key Players:

CEAT Ltd. (Italy)
China National Tire & Rubber Co. Ltd. (China)
Cooper Tire & Rubber Co., Ltd. (UK)
Giti Tire (Singapore)
Bridgestone Corporation (Japan)
Continental AG (Germany)
Michelin (France)
Sumitomo Rubber Industries, Ltd. (Japan)
Toyo Tire & Rubber Co., Ltd. (Japan)
Yokohoma Tire Corporation (Japan)
COVID-19 Impact Analysis on Automotive Tire Market:

COVID-19 is a historic global public health emergency that has impacted virtually every business, and the long-term consequences are expected to have an impact on industry growth throughout the projection period. Our ongoing research expands our research methodology to include basic COVID-19 concerns as well as potential next steps. The research sheds light on COVID-19 by taking changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of modern market forces, and significant government initiatives into account. Based on the market impact of COVID-19, the updated report includes insights, analysis, projections, and predictions.

Key Questions Answered in the Automotive Tire Market Report are:

Which segment had the largest share in the Automotive Tire market?
How is the competitive scenario of the Automotive Tire market in 2020?
Which are the key drivers impacting the Automotive Tire market growth?
Which region holds the maximum share in the Automotive Tire market?
What will be the CAGR of the Automotive Tire market during the forecast period (2021-2027)?
About Stellar Market Research:

Stellar Market Research is a market research and consulting firm that provides syndicated and custom research reports in addition to consulting services. The main goal of the company's products is to assist businesses in identifying, focusing on, and analysing changes in consumer behaviour across demographics and industries to assist them in making better business decisions. In order to provide relevant and fact-based research, the company conducts market intelligence studies in a variety of industries, including healthcare, touch points, and energy. With experience in many different industries, Stellar Market Research has a sizable staff of highly qualified analysts. Clients can gain a competitive advantage over their rivals thanks to the company's subject-matter expertise and capacity to provide a workable solution to any research problem.

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