The global automotive tires market is forecasted to grow at a CAGR of 2.96% during the period 2017-2021

LONDON, Nov. 21, 2017 /PRNewswire/ --

About Automotive Tires

A tire has a ring-shaped structure that is surrounded by a wheel's rim to provide grip on the surface it travels on, by transferring vehicle load from axle through the wheel to the ground. The automotive tires are flexible enough to absorb shock when they move on a rough surface because they are pneumatically magnified structures. The modern tires are made up of materials, such as synthetic rubber, natural rubber, fabric, and wire and also comprises other advanced materials, such as carbon black and chemical compounds.

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Technavio's analysts forecast the global automotive tires market to grow at a CAGR of 2.96% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive tires market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive tires market.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Automotive Tires Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Bridgestone
• Continental
• Goodyear
• Michelin

Other prominent vendors
• Apollo Tyres
• Cooper Tire & Rubber Company
• Hankook Tire
• JK Tyre
• MRF
• Pirelli
• Sumitomo Rubber Industries
• Yokohama Tire Corporation

Market driver
• Eco-friendly tires that reduce fuel consumption and save money
• For a full, detailed list, view our report

Market challenge
• Increasing raw material prices
• For a full, detailed list, view our report

Market trend
• Use of radio frequency tags in tires
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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