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Global Premium Tire Market

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Global Premium Tire Market is researched by Koncept Analytics.

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Global Premium Tire Market

  1. 1. Global Premium Tire Market (OE & Replacement): Industry Analysis & Outlook ----------------------------------------- (2018-2022) Industry Research by Koncept Analytics 1 June 2018 Global Premium Tire (OE & Replacment) Market: Industry Analysis & Outlook (2018-2022)
  2. 2. Executive Summary 2 Global Premium Tire (OE & Replacment) Market: Industry Analysis & Outlook (2018-2022) Tires are used in automobile, trucks, buses, aircraft landing gear, tractors and other farm equipment, industrial vehicles such as forklifts, and common conveyances such as baby carriages, shopping carts, wheel chairs, bicycles, and motorcycles. The global tire industry is segmented into three broad sections that include premium tires, quality tires and budget tires. These tires are classified on the basis of their performance characteristics. Premium tires are considered to provide the best performance among all three types of tires and come at a higher cost compared to other tires. The premium tire industry is witnessing an immensely growing demand from racing industry. There is high consumption of premium tires in racing cars and bikes. North America is a major contributor to the global premium tire market due to increasing demand for replacement tires there. Whereas, Asia-Pacific premium tire market is experiencing high demand for premium original equipment. The global premium tire market is expected to grow in future due to increasing urbanization, growing sales of SUV cars and increasing disposable income. Key trends of this market include growing popularity of diverse racing competition, requirement of vehicle fuel efficiency and evolution of high performance tires. However, there are some factors which can hinder the market growth including high prices of fuel and natural rubber. The report “Global Premium Tire (OE & Replacement) Market: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering North America, Asia-Pacific and Europe region along with the global market. The report profiles the key players of the market including Bridgestone, Goodyear, Michelin and Continental AG.
  3. 3. Global premium tire market is likely to witness growth due to increasing disposable income, urbanization, rising penetration of SUV cars.. 3 Global Premium Tire (OE & Replacment) Market: Industry Analysis & Outlook (2018-2022) • Global premium tire market is expected to reach ..million in the year 2022, increasing from ..million in the fiscal year 2018, at a CAGR of ..%. • Global premium replacement tire market is expected to reach ..million units, increasing from ..million in 2018. • In year 2022, Premium original equipment market volume is expected to reach ..million, increasing from ..million in 2018, at a CAGR of ..%. Global Premium Replacement Tire Market Volume Forecast (2018-2022) Global Premium Tire Market Volume Forecast (2018-2022) Global Premium Original Equipment Market Volume Forecast (2018-2022) 2018 2019 2020 2021 2022 Million 2018 2019 2020 2021 2022 Million 2018 2019 2020 2021 2022 Million Premium Tire Volume Share in Global Passenger Tire Market
  4. 4. Regional premium tire market has a diverse landscape where Asia-Pacific market is experiencing a high demand for premium original equipments and North American and European market is having a higher demand for premium replacement tires.. 4 Global Premium Tire (OE & Replacment) Market: Industry Analysis & Outlook (2018-2022) • North American premium tire market is expected to reach ..million in the year 2022, increasing from ..million in the fiscal year 2017 at a CAGR of ..%. • Asia-Pacific premium tire market volume is predicted to reach ..million in 2022, increasing from ..million in 2017. • In year 2022, European premium tire market is expected to reach ..million, increasing from ..million in 2017, at a CAGR of ..%. Asia-Pacific Premium Tire Market Volume Forecast (2013-2022) North America Premium Tire Market Volume Forecast (2013-2022) Europe Premium Tire Market Volume Forecast (2013-2022) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Million 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Million 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Million
  5. 5. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T: +91-120-4130959 M: +91-9811715635 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. 5 Disclaimer Global Premium Tire (OE & Replacment) Market: Industry Analysis & Outlook (2018-2022)

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