Tire (Tyre) Market research report by Markntel Advisors is an accurate, unbiased, and reliable comprehension and study of data obtained from trustworthy and factual sources to equip the stakeholder with a well-researched and detail-driven report regarding the fluctuations in the industry.
The report aims to provide detailed information about the nooks and crannies of the industry and scrutinize all the industry’s features, factors, and elements that promise fluctuations to the market growth, including possible restraints points and more.
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Market Definition, Insights, and Structure
The report aims to revise the definition of the Tire (Tyre) market while providing market insights derived from the market dynamics, segmentation, regional analysis, and competitor analysis. Through studying all the past data of the market and explaining its cause, the report aims to predict the future trajectory of the industry. Thus through market structure, the study explains the definitions and functions of the product and an overview, industrial life cycle analysis of the market, and supply chain analysis, with an objective and precise explanation and its contribution to market fluctuations.
Market Dynamics
Key Driver: Mounting Prevalence of Electric Vehicles
One of the most prominent factors projected to drive the Global Tire Market during 2023-28 is the rapidly surging Electric Vehicle (EV) production across developing countries. Growing awareness about the environment, coupled with increasing oil & gas prices worldwide, are shifting consumers toward buying EVs, which, in turn, would contribute significantly to the global tire market growth.
Rivals Analysis
The industry is inherently run by the participants and manufacturers of the market and services; therefore, the study covers the competitive landscape in a separate dedicated section. The report comprises of detailed analysis of the steps, products, changes, marketing strategies, sustainability tactics, mergers, acquisition, and more which has shaped the industry and affected the market. The report showcases various elements to explain the dominance of competitors and the market, including:
-Recent developments
-Risk & SWOT analysis
-Mergers and acquisition
-Performance
-Services offered
In the case of the Tire (Tyre) market, the market participants include
-Bridgestone Corporation
-Continental Ag
-Hankook & Company Co., Ltd.
-Michelin
-Nokian Tyres Plc
-Pirelli & C. S.P.A.
-Sumitomo Rubber Industries, Ltd.
-The Yokohama Rubber Co., Ltd.
-Toyo Tire Corporation
-MRF Limited
-CEAT Limited
-JK Tire & Industries Ltd.
-Apollo Tires Ltd
-Others (Zhongce Rubber Group Co., Ltd., Sailun Group Co., Ltd., etc.)
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Distributing the Tire (Tyre) Market into Segments
By dividing and bifurcating the industry based on varying segments, the reports help breaks down the market into sections to help shareholders point out their focus of attention and figure out the most profitable quarter.
The Tire (Tyre) market is diversely fragmented and spread across various bifurcations. The report aims to categorize and systematically present the data in an organized, easy-to-interpret format by dividing the bifurcations into segments. Each segment is then further presented with historical data, market growth, expansion, technological advancement, and other factors affecting it. The prediction of its future growth depends on current trends and further development. The industry segmentations bifurcate across the following segments:
Based on, By Vehicle Type
-Two Wheeler
-Three Wheeler
-Passenger Car
-Commercial Vehicle
-Light Commercial Vehicle (LCV)
-Medium & Heavy Commercial Vehicle (MHCV)
-Off-the-Road Vehicle (OTR)
Based on, By Demand Type
-OEM
-Replacement
Based on, By Tire Type
-Radial
-Bias
Based on, By Season Type
-Summer Tires
-Winter Tires
-All Season Tires
Based on, By Sales Channel
-Direct Sales
-Dealers & Distributors
-Online Platform
Based on, By Rim Size
-Upto 12”
-12.1” to 15”
-15.1” to 18”
-18” to 22.5”
-22.6” to 26”
-26.1” to 35”
-35.1” to 47”
-Above 47”
Based on, By Price Category
-Budget
-Economy
-Premium
Based on, By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Through the regional analysis section, the report aims to provide an overview and forecast of the market depending on different regional, cultural, regulatory, political, economic, social, technological, and other differences and variations in the industry, including the presence and absence of major market players, consumers, manufacturing sites and more.
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About US
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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