Today, pneumatic tires are largely preferred in the automotive industry. These are rubber tires filled with compressed air that enhances the tire’s load-carrying capacity, which in turn improves the performance of the vehicle. Pneumatic tires, available today in the market, are made from any one of the following raw materials; natural rubber, synthetic rubber, fabric and wires. Apart from these materials, various types of rubbers such as solid rubbers, semi flexible and flexible rubbers are also used in the manufacturing of pneumatic tires. Today, the market for pneumatic tires is in a progressive phase of its product life cycle. The growth and developments in the automotive industry largely drive the global pneumatic tires market. A significant increase in vehicle production to cater to the growing demand, arising from the rise in disposable incomes globally, is propelling the market growth. However, the increasing cost of raw materials and the rise in fuel prices pose a major challenge for this market.
The leading companies are designing and manufacturing mixed on/off – road use tires, which deliver good performance on different surfaces and road conditions. For instance, the pneumatic radial tire “ContiRT20”, a new product by Continental AG, provides exceptional stability on uneven surfaces and facilitates the transportation and load carrying applications.
The market is segmented based on the vehicle type, product type, component and geography. The prominent players in the market are Dunlop Holdings PLC, Continental AG, Michelin, Bridgestone Corporation, MRF, Goodyear, Maxxis International, Hankook Tire, General Tire, and Pirelli & C. S.P.A.
POTENTIAL BENEFITS FOR STAKEHOLDERS:
The report provides an in depth analysis of the pneumatic tires market and offers current and future trends to identify lucrative investment pockets in the market
The report identifies the key drivers, opportunities and restraints which shape the market and provides an impact analysis for the forecast period
Porter’s five forces analysis highlights the potency of buyers and suppliers participating in this market. This would further lend a competitive advantage to the stakeholders in making profitable business decisions, consequentially, helping them to strengthen their supplier and buyer network
Current and future trends are outlined to determine the overall attractiveness and figure out profitable trends in order to gain a stronger foothold in the market
Market estimation of geographic segments is derived from the current market scenario and expected market trends
MARKET SEGMENTATION
The market is segmented on the basis of vehicle type, product type, component and geography.
Global Pneumatic Tires Market – By Vehicle Type
Two Wheelers
Bicycle
Motorcycle
Four Wheelers
Passenger Cars
Commercial Vehicles (Trucks, Buses)
Aircraft
Others(industrial vehicles)
Global Pneumatic Tires Market – By Product Type
Radial Tires
Crossply Tires
Tubeless Sealing Ring
Others
Global Pneumatic Tires Market – By Component
Synthetic polymers
Natural rubber
Carbon black
Fabric
Others(steel wire, petrochemicals, oil)
Global Pneumatic Tires - By Geography
North America
Europe
Asia Pacific
LAMEA
KEY PLAYERS
Dunlop Holdings PLC
Continental AG
Michelin
Bridgestone Corporation
MRF
Goodyear Tire & Rubber Company
Maxxis International
Hankook Tire
Sumitomo Corporation
Pirelli & C. S.P
Pneumatic Tires Market Report Highlights
| Aspects | Details |
 By Type |
|
 By VEHICLE TYPE |
|
 By Product Type |
|
 By Region |
|
 Key Market Players | Michelin, Continental AG, Kumho Tire Co., Inc., The Goodyear Tire & Rubber Company, Pirelli& C.S.p.A, Cooper Tire & Rubber Company, Hankook Tire, Bridgestone Corporation, The Yokohama Rubber Co. Ltd., Sumitomo Rubber Industries Ltd. |
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