Global Tyre Market to 2022

Global Tyre Market is estimated to grow at a significant CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. A tyre is a thick part of rubber that is fitted onto the wheels of vehicles such as buses, cars, and bicycles, to form a soft contact with the road. 

The factors that propel the growth of the Tyre Market include robust development in the automobile industry, rising population, improving standard of living, growing disposable incomes, and surge in the introduction of new vehicles. On the other hand, there are factors that may hamper the growth of the market including low demand for tires across Middle-East and Africa, Europe. Tyre Market may be explored by product type, applications, and geography. Tyre Market may be explored by product type as Bias Tyre, and Radial Tyre. 

Tyre Market could be explored based on application as Bicycles, Cars, Buses, Trucks, Aircraft, Heavy Equipment, Motorcycles and Others. The “Motorcycles” segment led the Tyre Market in 2016 and is anticipated to maintain its dominance by 2022. The factors that could be attributed to the growth could include high demand for Motorcycle tyre, expansion of the middle class in developing nations that is likely to contribute toward increased vehicle ownership, and heavy use as a low-expenditure substitute for motor vehicles. 

Tyre Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific accounted for the major share of the Tyre Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth might include low labor cost, favorable government policies and ample rubber production. 

The key players contributing to the robust growth of the Tyre Market comprise TOYO, SUMIMOTO, Bridgestone, Michelin, Continental AG, Triangle Group, Pirelli, KUMHO, Sumitomo Pharmaceuticals Co Ltd and Goodyear Tire and Rubber Company. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry. 

The report package Global Tyre Market to 2022  offers the most up-to-date industry data on the actual market situation, and future outlook for tyres in the world. Along with a global tyres market report, the package includes country reports from the following countries:

Canada, China, Czech Republic, France, Germany, India, Italy, Japan, United Kingdom, United States

The research includes historical data from 2011 to 2017 and forecasts until 2022 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

The reports help answer the following questions:

- What is the size of the tyre market in the world and in the top 10 global countries?
- How much tyres are produced in the world and in the top 10 global countries?
- How is the market split into different types of tyres?
- How are the overall market and different product types growing?
- How is the market predicted to develop in the future?

The latest industry data included in the reports:

- Demand for tyres, 2011-2022
- Production of tyres, 2011-2022
- Tyre market size by product type, 2011-2022
- Growth rates of the overall market and different product segments, 2011-2022
- Shares of different product segments of the overall market, 2011, 2017, and 2022

The market data is given for the following product segments: 

New car tyres
New lorry and bus tyres
New motorcycle tyres
New bicycle tyres
New aircraft tyres
Other new tyres
Retreaded tyres
Camelback strips for retreading tyres
Cushioned and solid tyres
Rubber inner tubes for motor vehicles
Rubber inner tubes for bicycles
Other rubber inner tubes

Among the key reasons to purchase include the following:

- Gain an outlook of the historical development, current market situation, and future outlook of the tyre market in the world to 2022
- Track industry developments and identify market opportunities
- Plan and develop marketing, market-entry, market expansion, and other business strategies by identifying the key market opportunities and prospects
- Save time and money with the readily accessible key market data included in the reports. The data is clearly presented and can be easily incorporated into presentations and internal reports.