DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automotive Tires Market - Overview and Forecast (2017 - 2022)" report to their offering.
The market for automotive tires is expected to grow at a CAGR of 7.47% by the end of 2022. The market from the Asia-Pacific is expected to drive the growth during the forecast period. The market from Asia-Pacific is expected to contribute about 27% of the global market by 2022.
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 R&D 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.
Companies Mentioned:
- Bridgestone
- Continental
- Cooper Tire & Rubber Company
- Goodyear Dunlop Tires
- Hankook Tire Co. Ltd.
- Maxxis International
- Michelin Group
- MRF Tires
- Pirelli & C. S.P.A.
- Sumitomo Rubber Industries, Ltd.
- Yokohama Rubber Co., Ltd.
-
Zhongce Rubber Group
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Key Findings of the Study
4. Executive Summary
5. Market Overview & Technology Trends
6. Market Dynamics
7. Market, By Tire Type
8. Market, By End Consumers
9. Market, By Vehicle Type
10. Market, By Geography
11. Competitive Landscape
12. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/66rrdh/global_automotive
