New York, NY -- (SBWIRE) -- 03/14/2019 -- According to a new market research study titled "Automotive Tire Market to 2025 by Tire Type (Bias and Radial); Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle); and Distribution Channel (OEMs and Aftermarket) - Global Analysis and Forecast", the automotive tire market is estimated to reach US$ 306.44 Bn by 2025 from US$ 233.15 Bn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Automotive tire market operates in a highly fragmented industry with large number of global players capturing market place. Key players in the market are collaborating with other providers of automotive tire to gain high market share. Some of the key players operating in the automotive tire market includes Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Michelin, Pirelli & C. S.P.A, Dunlop India Limited, Yokohama Rubber Co. Ltd., Apollo Tires Ltd., MRF Tires, and Hankook Tire among others.

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The report aims to provide an overview of global automotive tire market with detailed market segmentation. Also, it analyzes the current market scenario of automotive tire market and forecasts the market till 2025. The report covers market dynamics affecting the automotive tire market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automotive tire market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automotive tire market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.

The Asia Pacific is one of the prominent region in automotive tire market which is contributing highest revenue globally due to increase in the population. China, Japan, and India are the most populated countries in APAC region. In addition to this, growing economies in APAC region is experiencing a number of initiatives undertaken by regulatory bodies to accelerate the automotive industry in the countries to propel growth of entire automotive industry and eventually automotive tire market.

The report segments the global automotive tire market as follows:

Global Automotive Tire Market - By Tire Type

- Bias
- Radial

Global Automotive Tire Market - By Vehicle Type

- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle

Global Automotive Tire Market - By Distribution Channel

- OEMs
- Aftermarket

Global Automotive Tire Market - By Geography

North America

- U.S.
- Canada
- Mexico

Europe

- France
- Germany
- Italy
- Spain
- U.K.
- Rest of Europe

Asia Pacific (APAC)

- China
- India
- Japan
- Rest of APAC

Middle East and Africa (MEA)

- South Africa
- Rest of MEA

South America (SAM)

- Brazil
- Rest of SAM

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