Boston, MA -- (SBWIRE) -- 10/24/2016 -- Racing tires are high-performance tires that are customized for use in racing vehicles. The production of racing tires is capital-intensive and requires a significant degree of hi-tech equipment coupled with highly trained and skilled manpower dedicated to the purpose of engineering and manufacturing. Racing tires are designed to deliver superior performance demanded by racing conditions, and therefore undergo various quality, durability, and speed tests. Natural and synthetic rubber are the primary raw materials in the manufacture of tires. But textile reinforcements like rayon, aramid, nylon, and polyester are also used to manufacture racing tires.

Technavio's analysts forecast the global automotive racing slicks market to grow at a CAGR of 18.43% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global Automotive Racing Slicks Market 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive racing slicks market for 2016-2020. To calculate the market size, the report considers the unit sales of racing slicks across all regions.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Automotive Racing Slicks Market 2016-2020, 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
-Pirelli
-Continental
-Hankook
-Michelin

Other prominent vendors

-Cooper Tire and Rubber Company
-Kumho Tire
-Toyo Tire & Rubber
-Yokohama Rubber

Market driver

-Modern diversity in racing segments leading to new racing formats
-For a full, detailed list, view our report

Market challenge

-Aquaplaning or hydroplaning limits racing slicks performance
-For a full, detailed list, view our report

Market trend

-Usage of nanotechnology to enhance head-resistance
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 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?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

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

Companies Mentioned in this Report: Bridgestone, Pirelli, Continental, Hankook, Michelin, Cooper Tire and Rubber Company, Kumho Tire, Toyo Tire & Rubber, Yokohama Rubber

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