(PRWEB) March 12, 2015
In this research study, the automotive tire market is divided into four major segments: by type (radial and bias or cross ply), section width (less than 200 mm to more than 230 mm), aspect ratio (less than 60 to more than 70), and aftermarket (radial and bias or cross ply). The key players in the automotive tire market have also been identified and profiled. Complete report is available at http://www.rnrmarketresearch.com/automotive-tire-market-by-type-radial-and-biascross-ply-section-width-230-mm-aspect-ratio-70-and-aftermarket-radial-and-biascross-ply-global-trends-and-forecast-to-2019-market-report.html .
Automotive Tires are classified into several standard types, based on the type of vehicle they serve. Since the manufacturing process, raw materials, and equipment vary according to the tire type, it is common for tire factories to specialize in one or more tire types. In most markets, factories that manufacture passenger and light truck radial tires are separate and distinct from those that make aircraft or off-the-road (OTR) tires
Market growth is primarily driven by the high demand for green tires and the increasing level of tire radialization. Additionally, the increasing demand for light passenger vehicles and heavy-duty vehicles will also boost the automotive tire market.
Asia-Oceania is estimated to be the largest market for automotive tires. Japan and China are the main contributors to the automotive tire market in the Asia-Oceania region.
The automotive tire market is dominated by a few major players and contains several small or medium players. Some of the key players are Continental Group, Hankook Tire Co. Ltd, Cooper Tires, Toyo Tire and Rubber Company, Goodyear Tire and Rubber Company, Sumimoto Rubber Industries, Bridgestone Corporation, Yokohama, Pirelli & C.S.P.A and Michelin Group. The major strategies adopted by these market players are geographic expansion and new product development. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=310470 .
The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global automotive tire market. The key players in the market for automotive tires have also been identified and profiled. Along with a quantitative analysis, the report covers qualitative aspects such as value chain analysis, PEST analysis, and Porter’s five force analysis for the global automotive tire market. Priced at $ 4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=310470 .
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