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(Transportation-News.com, November 15, 2017 ) Advances in tire technology continued with the advent of new and existing companies. Present day tire vendors manufacture tires to suit the needs of multiple automobile classes and hence, the market is segmented in terms of application and technology. There are specific tires for definite weather conditions, including all-season, winter, and summer tires. There is a broad spectrum of both global and local tire vendors present in the tire market. This makes it very competitive.
Publisher's analysts forecast the global passenger vehicle replacement tire market to grow at a CAGR of 7.24% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global passenger vehicle replacement tire market for 2016-2020. To calculate the market size, the report considers a top down approach.
The market is divided into the following segments based on geography:
-Americas
-APAC
-EMEA
Publisher's report, Global Passenger Vehicle Replacement Tire 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
-Goodyear
-Michelin
-Firestone
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Other prominent vendors
-Yokohama
-Hankook
-Dunlop
-Cooper Tire and Rubber Company
Market driver
-Decrease in the price of gasoline by 60% in the US: Driving demand for gasoline-powered vehicles
-For a full, detailed list, view our report
Market challenge
-Growing market of retreading tires: Replacement tire market under pressure
-For a full, detailed list, view our report
Market trend
-Tire brands influencing buying preferences: Michelin ranked highest for satisfaction in luxury segment and Pirelli ranked highest in performance sports segment
-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?
For more information about this report: http://www.reportsweb.com/global-passenger-vehicle-replacement-tire-market-2016-2020
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Rajat Sahni
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