“Million Insights – World’s Fastest Growing Market Research Database”

Global Automotive Tire Market is anticipated to reach USD 374.22 billion by 2024. Automotive tire is a rubber ring placed on rim of the wheel. Automotive tire mainly offers grip to vehicles on the road, and decreases road shocks. The factors that propel the growth of the Automotive Tire Market include growing demand for low rolling resistance tires, demand for high performance and low-profile tires, better fuel economy, technical developments such as eco-friendly tires, smart tires, and others. Automotive Tire Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Automotive Tire Market may be explored by type, application, and geography. Automotive Tire Market may be analyzed by type as Bias, and Radial. The “Radial tire” segment led the Automotive Tire Market in 2015 and is anticipated to maintain its dominance by 2024. The key application that could be explored in the Automotive Tire Market include LCV, Passenger cars, Two wheelers, and HCV.

Full Research Report On Global Automotive Tire Market Analysis available at: https://www.millioninsights.com/industry-reports/automotive-tire-market

Asia-Pacific accounted for the major share of the Automotive Tire Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include developing economy of most of the nations in this region. Asia-Pacific is followed by Europe and North America.

Some of the key players that fuel the growth of the Automotive Tire Market comprise Continental AG, Bridgestone Corporation, Michelin, Pirelli & C. S.p.A, Sumitomo Rubber Industries, Ltd., Madras Rubber Factory Limited, The Goodyear Tire & Rubber Co., JK Tyre & Industries Ltd., CEAT Ltd, and The Yokohama Rubber Co. Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/automotive-tire-market/request-sample

Market Segment:

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/automotive-and-parts

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information: www.millioninsights.com

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/automotive-tire-market