Global Automotive Tire Market Forecast to 2019 by Type

Automotive Tire Market by Type (Radial, and Bias/Cross ply), Section
Width (<200 mm, 200-230 mm, and >230 mm), Aspect Ratio (<60, 60-
70, >70), and Aftermarket (Radial, and Bias/Cross Ply) – Global Trends
and Forecast to 2019
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Automotive Tire Market
Global Trends and Forecast to 2019
The report, “Automotive Tire Market by, Section Width, Aspect Ratio and Global Trends and
Forecast to 2019” classifies and defines the global automotive tire market size, in terms of
value and volume. Market size by volume is provided in million units from 2012 to 2019, while
the market size, in terms of value, is provided in terms of $million.
The automotive tire business is dominated by a few of leading companies and contains a few
small/medium businesses. Some of the major businesses are Bridgestone Group (Japan),
Continental Group (Germany), Goodyear Tire & Rubber Company (U.S.), Michelin Group
(France), and Pirelli & C. S.p.A (Italy). The real strategies of these business players are
geographic development and new product development.
As the impacts of recession gradually decrease throughout the years, one of the few sectors
that have witnessed a quick positive movement is the automobile business. The automobile
sector is an industry that it is connected to different sub- sectors, in the same way as tire,
plastic and metal, which are also experiencing moderate restoration.
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As more individuals are gradually getting prepared to purchase automobiles, the tire
industry has also been noticing steady improvement. As the tire industry leaves the
economic downturn, automobile companies and the number of second-hand car owners
have been investing into new tires rather than purchasing a new car.
Asia-Oceania is estimated to be the largest automotive tires market. Japan and China are the
main contributors to the automotive tire market in the Asia-Oceania region. As the income
levels have incremented over the time, the worldwide population’s ability to own a vehicle
will also increase. It is expected that the replacement motor vehicle tire sector and the
original equipment manufacturing sector will slowly have an increase in demand to a
substantial amount. This will particularly be valid for lighter vehicles. Even though the
industrial and different tire's section includes a broad range of tires, the demand is holding
basically of bicycle and motorcycle tires used in the developing countries.
Complete report available at http://www.rnrmarketresearch.com/automotive-tire-market-
by-type-radial-and-biascross-ply-section-width-230-mm-aspect-ratio-70-and-aftermarket-
radial-and-biascross-ply-global-trends-and-forecast-to-2019-market-report.html .

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Automotive Tire Market growth is primarily driven by the high demand for green tires and
the increasing level of tire radialization. Additionally, the increasing demand for light
passenger vehicles and heavy-duty vehicles will also boost the automotive tire market. Tire
shipments in 2010 are projected to increase by roughly 3 % or around 7 million units to 267
million units. Overall shipments experienced a 8 % drop in 2009 to 259.7million units. The
growth in tire shipments, an increase in vehicle miles travelled and rise in auto sales shows
the arrival of the economical revive. As a result, this overcome is projected to extend into
2011, reaching around 275million units as the economic recovery is strengthening.
There are around 100 companies in the US tire manufacturing industry who jointly generate
revenue about $15 billion yearly. The industry is very robust and the top four organizations
produce more than 75 % of income. Top companies are Goodyear, Bridgestone, Michelin,
and Cooper.

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Companies profiled in automotive tire market research report are Continental Group,
Hankook Tire Co. Ltd., Cooper Tires, Toyo Tire and Rubber Company, Goodyear Tire and
Rubber Company, Sumimoto Rubber Industries, Bridgestone Corporation, Yokohama, Pirelli
& C.S.P.A, and Michelin Group.
Demand is driven by requirements of replacement tires and the sales of new vehicles. Since
tires are mainly a commodity, opportunity relies upon cost-efficient operations. Big
organizations can manage the cost of the research to produce tires from new, can buy
technologically advanced materials and can afford the cost of improving production
efficiency. Small organizations can make a stand by creating tires or tire-related items for
specific markets, such as bicycles or farm equipment.
Order a copy of this research report at
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There is a growing substitution of carbon black with silica and polymer nano-composite
fillers in the tire treads. Steel and polyester cords continue to be the most favored in the tire
business. As they are used widely in radial tires, Asia-Pacif region has driven the revenue due
to growing acceptance of radial tires. The utilization of nylon cords is projected to be high in
Asia-Pacific because of the heavy existence of bias ply tires in the light commercial vehicles
(LCVs) of this region. After a prohibition in Europe in 2010, Distillate Aromatic Extract (DAE) is
presently being eliminated globally. This processing oil has been substituted by environment
friendly Treated Distillate Aromatic Extract (TDAE), Mild Extraction Solvate (MES), and
naphthenic oils. Because of their their amazing solubility, sustainability and budget cost
compared to TDAE and MES, Naphthenic oil is projected to pick up the market share in
processing oils.

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The Asia-Pacific region is the fastest improving market for the tires, supplying more than half
of demand every year. As a result this region will be the strongest growth rate in tire demand
throughout 2015. The Chinese tire industry covered most of the market share for the Asia-
Pacific region. Motor vehicle tires, which represented more than 60 percent of all tire
demand in 2010, will remain the biggest segment of the tire market in 2015.
This is premium research report priced at US$ 4650 for single user license. Inquire for
discount on this research report at
http://www.rnrmarketresearch.com/contacts/discount?rname=310470 .

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Global Automotive Tire Market Forecast to 2019 by Type

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Global Automotive Tire Market Forecast to 2019 by Type