The latest market report published by Constancy Researchers “Global Automotive Summer Tires Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Automotive Summer Tires Market: Overview
The global automotive summer tires market was valued at US$ XX Billion in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global automotive summer tires market is anticipated to witness substantial growth in the years to come due to the growing demand for automotive vehicles along with the increased awareness for better safety. The increased commercial and passenger vehicles production coupled with the increased demand for electric vehicles worldwide is some other key factors for the growth of the global automotive summer tires market during the forecast period. Moreover, the emergence of new technologies coupled with growing partnerships between tire manufacturers and automotive manufacturers are some of the key opportunities for the global automotive summer tires market over the upcoming years. Besides, the volatile raw material prices are one of the key factors estimated to hamper the global automotive summer tires market growth in the years to come.
Global Automotive Summer Tires Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global automotive summer tires market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global automotive summer tires market, the demand for automotive summer tires has decreased due to halting the manufacturing industry worldwide along with the decreased sales of automotive vehicles during the COVID-19 period.
www.constancyresearchers.com/sample-request/
Global Automotive Summer Tires Market: Report Highlights
- Based on the rim size, the less than 15 Inches category had a major share in the global automotive summer tires market and is estimated to continue its dominance over the forecast period.
- On the basis of sales channel, in the automotive summer tires market, the original equipment manufacturers (OEMs) category had a major share and is estimated to witness the highest growth over the upcoming years due to the increased partnership among tire manufacturers and automotive manufacturers.
- On the basis of vehicle type, in the automotive summer tires market, the passenger cars category had a major share in the global market in 2020 and is estimated to continue its dominance over the forecast period. This is ascribed to the highest sales of passenger cars as compared to commercial vehicles along with the increased used car market.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to grow at the highest rate during the forecast period. This is majorly due to the rising technological adoption in automotive manufacturing along with the increased automotive production in the region. The low manufacturing cost along with the growing demand for commercial and personal vehicles in the emerging economies are some other key factors for the growth of the Asia pacific automotive summer tires market.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global automotive summer tires market.
- As per the research by Constancy Researchers Private Limited, the global automotive summer tires market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Automotive Summer Tires Market
- The Bridgestone Group
- Continental Group
- Goodyear Tire And Rubber Company
- Michelin Group
- Pirelli & C. S.P.A
- Sumitomo Rubber Industries, Ltd.
- Hankook Tire Co. Ltd.
- Yokohama Rubber Co., Ltd.
- Cooper Tire & Rubber Company
- Toyo Tire & Rubber Co. Ltd
- Coda Development
- Kumho Tire
- Nokian Tyres Plc
- Apollo Tires
- Mrf Tyres
- Jk Tyre & Industries Ltd.
- Ceat Ltd.
- Maxxis International
- Zhongce Rubber Group Co., Ltd.
- Others
Global Automotive Summer Tires Market: Segmentation
Constancy Researchers Private Limited has segmented the global automotive summer tires market on the basis of type, tire size, design, tire assembly, aspect ratio, sales channel, distribution channel, vehicle class, and regional analysis-
Global Automotive Summer Tires Market: By Type
- Fuel-Efficient Tires
- High-Performance Tires
- All-terrain/Off-road Tires
- Run-flat Tires
- Trailer Tires
Global Automotive Summer Tires Market: By Tire Size
- Less than 15 Inches
- 15-17 Inches
- 18-22 Inches
- Above 22 Inches
Global Automotive Summer Tires Market: By Design
- Bias Ply Tires
- Radial Ply Tires
Global Automotive Summer Tires Market: By Tire Assembly
- Tubeless Tires
- Tubed Tires
Global Automotive Summer Tires Market: By Aspect Ratio
- 30-45
- 50-70
- 75-85
Global Automotive Summer Tires Market: By Sales Channel
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Global Automotive Summer Tires Market: By Distribution Channel
- Offline
- Online
Global Automotive Summer Tires Market: By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Off-road Vehicles
Global Automotive Summer Tires Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
