Global Tires Market Growth, Overview with Detailed Analysis 2022-2029

Global Tires Market is anticipated to reach US$ 169.06 Bn by 2029 from US$ 121.64 Bn in 2021 at a CAGR of 4.2% during a forecast period.

Tires Market Overview:

The market report for Tires includes information on market share and company profiles for the leading international competitors along with a thorough analysis of the competition. The scope of the study includes a complete examination of the Tires Market as well as the factors influencing regional variations in the growth of the industry.

To remain ‘ahead’ of your competitors, request for a sample: https://www.maximizemarketresearch.com/request-sample/112589

Market Scope:

After market engineering, which included market statistics calculations, market size estimations, market predictions, market breakdown, and data triangulation, was complete, extensive primary research was carried out to gather data and confirm important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the general market segments and sub-segments detailed in this study. In order to provide vital information during the study, all data collected during the market engineering process is submitted to comprehensive qualitative and quantitative analysis.

Tires Market Segment:

The Passenger Cars Tires category led the market by Vehicle Type, accounting for US$ Bn in 2021 and projected to expand at a CAGR of 4.3%. The market for passenger automobiles is dominated by the United States, which will account for 27% of global sales in 2020. Global demand for innovative features, an improvement in living standards, and an increase in per capita income are some of the reasons driving the growth of the passenger car tyre market. Also, during the projection period, the market for passenger automobiles is predicted to rise due to consumers' growing demand in safe, high-end, luxurious, and comfortable vehicles.

1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Tires Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2021
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Tires Market
3.4. Geographical Snapshot of the Tires Market, By Manufacturer share

Tires Market Key players:

• Apollo Tyres Ltd
• Avon Tyres
• Bridgestone Corporation
• CEAT
• Cheng Shin Rubber Ind. Co. Ltd
• Continental AG
• Cooper Tire Rubber Company
• Giti Tire Pte. Ltd
• Goodyear Tire Rubber Company
• Hankook Tire Co., Ltd
• JK Tyre Industries Ltd
• Kumho Tire Co., Inc
• Maxxis International
• Michelin
• MITAS A.S.
• MRF
• Nexen Tire Corporation
• Nokian Tyres Oyj
• Pirelli C. S.p.A
• Shandong Linglong Tire Co., LtdTo identify the market's leaders and project market revenue, primary and secondary research are both used. CEOs, marketing executives, and seasoned front-line employees were just a few of the notable thought leaders and subject matter experts that participated in the in-depth interviews for the main study. As a part of the primary study, extensive interviews with important thought leaders and business experts—including CEOs, marketing executives, and seasoned front-line staff—were conducted.

The secondary study included a review of the annual and financial reports of the major manufacturers. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then put up against the original data in comparison. The Tires market is dominated by the following businesses:

For critical insights on this market, request for methodology here: https://www.maximizemarketresearch.com/request-sample/112589

Regional Analysis:

The regional market research report for Tires also includes information on the specific market driving forces and changes in market legislation that have an impact on current and future market trends. Current and forthcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to lay a stronger foundation. The evaluation of the regional market is built on the basis of the current environment and expected trends.

COVID-19 Impact Analysis on Tires Market:

A stop in activities between January 2020 and May 2020 resulted in a fall in the growth of end-user industries utilising Tires. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. The market for Tires manufacturers as well as the profits of companies operating in these sectors consequently experienced a sharp decline. This affected the market's growth in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business demand for Tires has been severely decreased.

Key Questions Answered in the Tires Market Report are: