Global Aftermarket for Automotive Tires and Tire Replacement to Grow at CAGR of 4.53% Estimated Period 2022-2030 – Yahoo Finance | CarTailz

NEW YORK, November 16, 2022 /PRNewswire/ —

MAIN RESULTS
The global aftermarket for automotive tires and tire replacement is expected to grow at a CAGR of 4.53% over the estimated period 2022-2030. Strict tire labeling regulations and increasing demands for energy-efficient tires are driving global market growth.

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MARKET INSIGHTS
Tire aftermarket, tire replacement provides all round performance improvements for vehicles they are rated and sized for. Several tough laws for automobiles and vehicle manufacturers are enforced by governments around the world.

Therefore, tire manufacturers have adopted various green raw materials without sacrificing lighter tires, resulting in lower fuel consumption and consumption, and much lighter vehicle weight.
The major companies in the automotive tire replacement market are constantly developing new technologies to manufacture environmentally friendly tires to meet customer demands and strict government regulations. As a result, the increased demand for eco-friendly tires will fuel the expansion of the automotive tire aftermarket worldwide.
In addition, automotive tire manufacturers focus on manufacturing airless tires for passenger and commercial vehicles. Minimally inflated tires provide zero downtime, no loss of productivity for commercial vehicles, and improved vehicle safety and performance.

These innovations are expected to drive the global automotive tire aftermarket and tire replacement market.

REGIONAL INSIGHTS
Global Tire Aftermarket and Tire Replacement Market growth assessment includes assessment of Europe, Asia Pacific, North Americaand rest of the world. Asia Pacific Expected to be the leading region during the forecast period due to the presence of leading manufacturing companies and advancing technologies in the automotive industry.

COMPETITIVE INSIGHTS
The global tire aftermarket and tire replacement market is highly competitive as numerous global players invest heavily in adopting green technologies in tire manufacturing and launch multiple products annually.
Some of the major companies in the market are Michelin, MRF, JK Tire, Pirelli & C SpA, NEXEN TIRE Corporation, Maxxis, etc.

Our reporting offering includes:
• Examine the key results of the overall market
• Strategic breakdown of market dynamics (drivers, barriers, opportunities, challenges)
• Market forecasts for at least 9 years, together with 3 years of historical data for all segments, sub-segments and regions
• The market segmentation provides a thorough assessment of the key segments with their market assessments
• Geographical Analysis: Ratings of the named regions and country segments with their market shares
• Key Analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the major companies based on factors, market shares, etc.
• Company profile: A detailed company overview, products/services offered, SCOT analysis and current strategic developments

called companies
1. APOLLO TIRES
2. BRIDGESTONE COMPANY
3. CEAT LIMITED
4. CONTINENTAL AG
5. GOODYEAR TIRES
6. HANKOOK TIRE & TECHNOLOGY CO LTD
7. JK TIRES
8. MAXXIS
9. MICHELIN
10. MRF
11. NEXEN TIRE CORPORATION
12. PIRELLI & C SPA
13. SUMITOMO RUBBER INDUSTRIES LTD
14. THE YOKOHAMA RUBBER COMPANY
15. TOYO TIRES

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