Pneumatic tires are wheels made up of metal hub with rubber tire mounted to it. Pneumatic tires are filled with either air or form to a desired level of pressure to attain the appropriate load and deflation characteristic. Pneumatic tires are popular among industrial caster application. The popularity of pneumatic tire is growing as it exhibit advances over the conventional tire which in turn will affect the growth of the pneumatic tire market.
MARKET DYNAMICS
The growing market of pneumatic tires is driven by factors like, pneumatic tires offer improved performance in terms of better traction, fuel economy, efficiency, durability, being puncture proof and rugged application. Additionally rapid economic growth, increase in consumer purchasing power, increase in military automobile spending,advancement in road and infrastructure coupled with increase in popularity of off-roading is fueling the market. However, fluctuating prices of raw material is hampering the growth of the market. With the rapid escalation in automobile industry in developed and especially in developing Asian countries is going to flourish the market of pneumatic tires in forthcoming future.
MARKET SCOPE
The "Global Pneumatic Tire Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of pneumatic tire market with detailed market segmentation by type of sale, application, product and geography. The global pneumatic tire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pneumatic tire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global pneumatic tire market is segmented on the basis of type of sale, application and product. Based on type of sale the market is sub-segmented into replacement and OEM. On the basis of application the market is sub-segmented into two wheeler, four wheeler, aircraft and other, further two wheeler is bifurcated into bicycle and motorcycle; and four wheeler is bifurcated into passenger cars and commercial vehicles. On the basis of product the market is sub-segmented into radical tires and cross-ply tires.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global pneumatic tire market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The pneumatic tire market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting pneumatic tire market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the pneumatic tire market in these regions.
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MARKET PLAYERSThe reports cover key developments in the pneumatic tire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from pneumatic tire market are anticipated to lucrative growth opportunities in the future with the rising demand for pneumatic tire in the global market. Below mentioned is the list of few companies engaged in the pneumatic tire market.
The report also includes the profiles of key pneumatic tire companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
-Bridgestone Corporation
-Continental AG
-Cooper Tire & Rubber Company
-Hankook Tire Co. Ltd.
-Kumho Tire Co., Inc.
-Michelin
-Pirelli & C.S.p.A
-Sumitomo Rubber Industries Ltd.
-The Goodyear Tire and Rubber Company
-The Yokohama Rubber Co. Ltd.
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