Global Automotive Racing Slicks Market 2018-2022

Global Automotive Racing Slicks Industry Overview

Slicks are supplied to many globally renowned motorsport championships like F1, MotoGP, and NASCAR. Introduction of new races in motorsports championships like F1 and MotoGP will increase the consumption of racing slicks by participants, thereby increasing the volume of slicks produced. In the 2016 and 2017 seasons, approximately 1,300 slicks were supplied per race to F1 racing teams respectively. Along with the races currently happening globally, the addition of Vietnam and Miami as new race venues to be added to the F1 calendar will increase the slicks consumption further. Thus, the ever increasing number of new races in automotive championships will drive the automotive racing slicks market growth during the forecast period.

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Top automotive racing slicks manufacturers covered in this report

The automotive racing slicks market is highly concentrated thanks to the presence of a few companies. The market is currently in its early maturity phase and filled with new innovations. Introduction of new races in the automotive racing championships is keeping the companies in this market competitive. Technavio’s automotive racing slicks industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.  

The report offers a complete analysis of automotive racing slicks companies including:

• Bridgestone
• Continental
• Michelin
• Pirelli
• The Goodyear Tire & Rubber Company

Automotive racing slicks market growth based on geographic regions:

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will constitute the maximum growth of the automotive racing slicks market through the predicted period. Virtual reality simulation for drivers is driving the market in this region.

Automotive racing slicks market growth based on end-user: 

• Replacement slicks
• OEM slicks

According to our market research experts, the replacement slicks segment will account for the maximum growth of the market. Additionally, the report provides an accurate prediction of the contribution of the various end-user segments in the growth and share of the automotive racing slicks market size.

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Key highlights of the global automotive racing slicks market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive racing slicks market during the next five years
• Precise estimation of the global automotive racing slicks market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive racing slicks industry across various geographies such as 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 racing slicks companies

What’s your takeaway?

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 racing slicks market and its stakeholders over the forecast years.

The global automotive racing slicks market analysis at Technavio considers how the performance of other related markets in the vertical will impact automotive racing slicks market size till 2022. One of the markets most likely to influence the growth of the automotive racing slicks market over the coming years is the automotive racing tire market.

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