Global Winter Tires Market Insights, Forecast to 2025
Pune, India -- (SBWIRE) -- 05/17/2019 -- MarketResearchNest.com Announced that its published an Exclusive Report on "Global Winter Tires Market Insights, Forecast to 2025" in its research database with report summary, table of content, research methodologies and data sources.
Winter tires are designed to be used in cold weather and in snowy and icy pavements. These tires have a larger gap tread for increasing traction on snow and mud. Winter tires are an ideal fitment in regions having temperature below 45 F, thereby increasing their adoption in the automotive industry. The developments in rubber technologies have led to the development of studless winter tires.
Emerging trends in the market such as the increased use of bio-oils in the manufacturing process of tires would help to boost the growth in the light of demand for ecological tire manufacturing process. Orange oils, extracted from orange peels, are used in the process to help reduce the amount of petroleum used in tires. In addition, the tire market has also witnessed an increase in RandD investments. The use of nanotechnology is a recent invention used in the manufacture of tires. In addition, the demand of retreading of tires is increasing by a considerable rate. The retreading of tires helps to reduce the operating cost significantly in the aftermarket, as it helps to prevent the tires from a complete replacement, and thereby is a cost effective option. The casings can help to provide multiple life cycles, saving a significant amount especially for the fleet operators in the commercial vehicle market.
The Winter Tires market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Winter Tires.
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This report presents the worldwide Winter Tires market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
- The Goodyear Tire and Rubber
- Continental Aktiengesellschaft
- The Yokohama Rubber
- Sumitomo Rubber
- Toyo Tire and Rubber
- Hankook Tire
- Cooper Tire and Rubber
- Triangle Tyre
- Nokian Tyres
- Cheng Shin Rubber
- Kumho Tire
- N.V. Apollo Vredestein BeLux
- Giti Tire
- Hangzhou Zhongce Rubber
- Nizhnekamskshina Joint Stock
- Nankang Rubber Tire
- Nexen Tire
Winter Tires Breakdown Data by Type
Winter Tires Breakdown Data by Application
- Passenger Car (PC)
- Light Commercial Vehicle (LCV)
- Medium and Heavy Commercial Vehicle (MandHCV
Market size by Region
- North America: United States, Canada, Mexico
- Asia-Pacific: China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam
- Europe: Germany, France, UK, Italy, Russia, Rest of Europe
- Central and South America: Brazil, Rest of South America
- Middle East and Africa: GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East and Africa
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The study objectives are:
- To analyze and research the global Winter Tires status and future forecastï¼Œinvolving, production, revenue, consumption, historical and forecast.
- To present the key Winter Tires manufacturers, production, revenue, market share, and recent development.
- To split the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Winter Tires :
- History Year: 2014 - 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Winter Tires market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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