Global Automotive Ty

A tyre is a ring-shaped casing that fits around a wheel's rim to guard it and enable better vehicle performance. Most tyres, such as those for automobiles, offer traction between the vehicle and the road while providing a malleable cushion that absorbs shock. The main function of tyre is safety and wellbeing and further it is responsible for carrying weight, driving on different terrain, withstand transversal force without drift, transmitting energy from the engine to the ground, absorbing obstacles and damping situation. The factors that are responsible for the increasing number of advancements and demand for good tyre are to ensure the safety of passengers and the goods carried, changing lifestyle and inclination of people more towards the comfort aspect. In the coming years, the increasing demand for commercial vehicles in the regions of Europe and Asia-Pacific, mainly in China, India and Japan, is expected to drive the market for more advanced tyres with integrated technology system in commercial vehicles.

The report covers the market for automotive tyre market in terms of volume and value. The market volume is provided in terms of thousand units; whereas the value for the Tyre market is provided in terms of $million from 2014 to 2019. The automotive Tyre market is broadly segmented by vehicle type (Passenger cars, LCVs and HCVs), by market type (Original Equipment market and Aftermarket), by design (Radial tyre, Tubeless Tyre and Cross ply tyre) and region (Asia-Oceania, Europe, North America & Rest of the World).

This report classifies and defines the automobile tyre market volume and value. It also delivers qualitative insights about the types of tyre market and its key components. The report also gives a wide-ranging review of the market drivers, restraints, opportunities, challenges, and key issues in the automotive tyre market. The key players in the market for automobile tyre market have also been identified and profiled. The report gives insights of various issues and some winning imperatives that every other tyre manufacturer can do to get the winning edge over others in the market.