Rubber Tires Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Request Brochure Request Discount

Report Code: ZMR-310 | Report Format : | Status : Upcoming |

Abstract

A tire is a ring-shaped component used in vehicles. It covers the wheel's rim in order to protect and provide better vehicle performance. Most of the tires, those used for automobiles and bicycles, provide traction between the vehicle and the road, which provides a flexible cushion that absorbs shock. Nowadays, rubber is used for the production of tires, mainly due to the wear and tear rubber can withstand while retaining tire’s resilience. The majority of the world’s rubber production is consumed by the tire industry. Advantages of rubber tires such as providing grip to the vehicles, carry and transport loads, and resist abrasion along with providing safety and enhancing the performance of the vehicle are responsible for the high demand of rubber tires around the world.

Rising population along with the significant rise in income levels of consumers is the major reason for the growth of the automobile industry, which in turn impacts the global rubber tire market in a positive way. Not only tires used in new vehicles but they are used to replace tires of old vehicles which are damaged due to wear and tear. This is also a major reason for the global market growth. Rapid increase in the number of vehicles produced around the world also acts as a key growth driver for the rubber tire market. Airplane tire is a new market which contributes to the rubber tire market in terms of revenue. On the other hand, rising fuel prices may hamper the automobile production, which in turn will have a negative impact on the rubber tire market growth. In addition, several automobile manufacturers implemented production cut-backs on a large scale due to financial burdens in the past, which affected the sales negatively.

Asia Pacific is anticipated to be the leading player in the boost rubber tire market mainly due to the increasing demand for rubber tires in this region. The U.S. and Europe are also expected to shoe considerable growth owing to the high demand for rubber requirements in China, as it is the leading consumer of bicycles and motorcycle tires. Further, Latin America and the Middle East are expected to experience high demand for tires due to increased automotive production in these regions.

Some of the major players dominating the global rubber tires market are Goodyear, MRF, Bridgestone Corporation, and Continental AG. Other key players influencing the global market are Eurogrip Tires, Maxxis International, and others.

Global Rubber Tire Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Related Reports

Paint Rollers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2024

Price : $ 3999.00 | Report Code: ZMR-3354 | Report Format:

Paint Rollers Market: Overview A paint roller is basically a tool that is used to apply paint on large flat surfaces such as walls or ceilings. The tool consists of two parts; one is the roller frame and the other is the roller cover. The frame is used to hold the roller cover which absorbs the ...Read More

Concrete Cooling Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3349 | Report Format:

Global Concrete Cooling Market: Overview Concrete cooling plays a vital role because of the importance concrete has in almost every construction process. It is a technology used to reduce the temperature of the poured concrete up to a certain level, so as to maintain the quality of the concrete....Read More

Coated Glass Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2024

Price : $ 3999.00 | Report Code: ZMR-3348 | Report Format:

Global Coated Glass Market: Overview A coating is a covering that is applied to the surface of the object. The purpose of applying the coating could be functional, decorative or both. The coating is fused into the glass surface at high temperature making it extremely hard and durable. The coat...Read More

Carbon Fiber Composites Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2024

Price : $ 3999.00 | Report Code: ZMR-3347 | Report Format:

Global Carbon Fiber Composites Market: Overview Carbon fiber is fibers about 5-10 micrometers in diameter and composed mostly of carbon atoms. These have a certain advantage including high stiffness, high tensile strength, low weight, high chemical resistance, high-temperature tolerance, and low...Read More

Driveline Additives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2024

Price : $ 3999.00 | Report Code: ZMR-3336 | Report Format:

Global Driveline Additives Market: Overview Driveline additives are designed to optimize automotive performance. In order to achieve optimal lubrication, proper knowledge of both equipment and properties of the base fluids and additives is essential. The additive added to transmission fluid form...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.