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Global Automotive Premium Tires Market 2019-2023

  • Published: Mar 2019
  • Pages: 116
  • SKU: IRTNTR30987
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The global automotive premium tires market size will grow by USD 22.71 billion during 2019-2023. This report provides a detailed analysis of the market by end-user (replacement and OEM) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several automotive premium tire manufacturers including Bridgestone Corporation, Continental AG, MICHELIN, Pirelli & C. S.p.A., and THE YOKOHAMA RUBBER CO., LTD.

Some of the key findings from our automotive premium tire market forecast report are summarized below

Global Automotive Premium Tire Market

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Global automotive premium tires industry overview

The demand for TPMS is increasing especially from fleet management companies. By measuring, monitoring and transmitting tire health data, TPMS helps in avoiding vehicle operation with under-inflated tires. This aids fleet managers to significantly reduce fleet downtime and improve overall fuel economy. The implementation of stringent road safety regulations by the governments and the growing demand from fleet management companies will further increase the penetration of TPMS in commercial vehicles. This increasing penetration of TPMS in truck tires will positively impact the growth of the automotive premium tires market.

Apart from improvements in raw material and chemical compounds used in tires, there has also been technological advancements in terms of integrating sensor technologies in tires. Sensors integrated into these intelligent tires monitor and transmit information about road conditions, temperature, and tire pressure to the driver and service providers thereby enhancing vehicle performance. Automotive tire manufacturers such as the Goodyear Tire & Rubber Company and Continental are focusing on the development of intelligent tires which will improve the performance and durability of their products. The development of intelligent tires and their increasing adoption by OEMs and fleet management companies will boost automotive premium tires market growth at a CAGR of almost 11% during the forecast period.

Top automotive premium tires companies covered in this market research report

The global automotive premium tires market is fairly concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive premium tire market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

  • Bridgestone Corporation
  • Continental AG
  • MICHELIN
  • Pirelli & C. S.p.A.
  • THE YOKOHAMA RUBBER CO., LTD.

Automotive premium tires market segmentation based on end-users

  • Replacement
  • OEM

The replacement segment will account for the highest automotive premium tires market share because of the trade-off between the performance and lifetime of a premium tire. The high wear and tear of premium tires increase their replacement frequency which drives the demand for replacement premium tires.

Automotive premium tires market segmentation based on geographic region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest automotive premium tires market share throughout the forecast period. The growing demand for luxury passenger cars and the increasing usage of TPMS in automotive tires in North America are some of the factors responsible for the automotive premium tires market growth in this region.

Key highlights of the global automotive premium 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 premium tires market during the next five years
  • Precise estimation of the global automotive premium tires market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive premium tires industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of automotive premium tires companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Replacement - Market size and forecast 2018-2023
  • OEM - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing demand for environment-friendly tires
  • Development of intelligent tires
  • Use of 3D printing

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bridgestone Corporation
  • Continental AG
  • MICHELIN
  • Pirelli & C. S.p.A.
  • THE YOKOHAMA RUBBER CO., LTD.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO


Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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