Advanced Tire Market Trending Technologies, Remarkable Developments
Advanced Tire Market is Expected to Reach USD 1,350.7 Million by 2027
Global Advanced Tire Market is expected to reach USD 1,350.7 million by 2027, growing at a CAGR of 19.1% during the forecast period, 2021-2027.
The report then focuses on the leading competitors considering their company profiles, product portfolio and offerings, key developments, capacity, revenue, production, value, volume, cost, price, and contact information. Upstream raw materials & equipment and downstream demand & consumer analysis has also been carried out. The report also mentions the market dynamics, industry trends and patterns, and marketing and distribution channels. In the last section of the report, the feasibility of new investment projects is assessed and overall research conclusions are offered.
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The key players operating in the Global Advanced Tire Market are:
Bridgestone Corporation, Continental AG, Michelin, Pirelli & C. S.p.A, The Goodyear Tire & Rubber Company, THE YOKOHAMA RUBBER CO., LTD, Nokian Tyres plc, Hankook Tire & Technology Co., Ltd., Sumitomo Corporation, Toyo Tire Corporation and Among Others
Competitive Landscape Analysis
One of the major factors driving the growth of the Global Advanced Tire Market is the growing automotive industry. Stringent government regulations with regards to the vehicle safety and fuel economy, so as to increase the feasibility of the vehicle and reduce its curb weight is also expected to drive the market growth. Moreover, the competition between the vehicle manufacturers is growing, due to the large volumes of sales with collaborations from legislative bodies and public sectors, to make public transport cleaner and greener. Hence, the automobile manufacturers are increasing their geographical presence and product offerings to sustain the intense competition and attract maximum sales.
Global Advance Tire Market by Material Type Outlook (Revenue, USD Million, 2021-2027)