Global Automotive High-performance Tires Industry Overview
High-performance tires are designed to deliver optimum performance and driving characteristics compared with conventional tires. These tires offer performance benefits in the form of high-speed driving, responsiveness off the road, and greater traction for better control. Automotive high-performance tires are made of a soft rubber compound that help them in maintaining superior grip with the road surface as they feature wider section width, which offers a greater surface area for contact with the road surface. These tires offer higher heat dispersion, which avoids high-temperature build-up at high speeds. Additionally, high-performance tires offer reduced stopping distance while braking sharply. The high-performance tires work better with the onboard advanced systems such as anti-lock braking system, traction control system, electronic stability control, and electronic brakeforce distribution. All these factors are driving the demand for high-performance tires among end-consumers, owing to which the automotive high-performance tires market growth is increasing.
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Companies covered
The automotive high-performance tires market is slightly fragmented since the market has a number of companies. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive high-performance tire industry analysis report will aid clients identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of automotive high-performance tires manufacturers including:
- Bridgestone
- Continental
- MICHELIN
- Pirelli & C
- The Goodyear Tire & Rubber
- THE YOKOHAMA RUBBER
Automotive high-performance tires market growth based on geographic region:
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies across the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in EMEA will contribute to the highest share of this automotive high-performance tires market. However, the countries in the APAC will register the maximum growth during the forecast period.
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Key highlights of the global automotive high-performance tires market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive high-performance tires market during the next five years
- Precise estimation of the global automotive high-performance tires market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the automotive high-performance tires industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of automotive high-performance tires companies
This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global automotive high-performance tires market and its stakeholders over the forecast years. The global automotive high-performance tires market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact automotive high-performance tires market size till 2023.
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