Lucintel Anticipates Global Automotive Tire Industry to Reach $249.9 Billion by 2019
Irving, TX, July 24, 2014 --(PR.com
)-- The global automotive tire industry is expected to reach an estimated value of $249.9 billion by 2019. The major drivers of tire industry are high demand for green tires, growth in commercial and passenger vehicles sales, and increasing level of tire radialization. Technological innovations and increasing factory automation are likely to propel the global automotive tire industry in the near future. Increase in vehicle production and high use of innovative bio-based materials are the driving forces of the global automotive tire industry. Growing demand of automotive tire from emerging economies, such as China, India, Thailand, and Vietnam, is anticipated to boost the industry.
Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive tire industry by vehicle type and by region and has come up with a comprehensive research report, “Global Automotive Tire Industry 2014-2019: Trend, Profit, and Forecast Analysis.” This report provides an analysis of the global automotive tire industry including industry trend, cost structure, growth opportunities, key drivers, and emerging trends of the industry. The study also includes global automotive tire industry trends and forecasts through 2019, segmented by regions and by vehicle type as follows:
· Global Automotive Tire Industry by Region:
- North America
- Asia Pacific
- Rest of World
· Global Automotive Tire Industry by Vehicle Type:
- Passenger Car Tire
- Commercial Vehicle Tire
- Two-Wheeler Tire
- Specialty Tire
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for tire industry will experience moderate growth during 2014-2019. The two-wheeler tire segment is likely to grow at a greater pace than passenger car tire segment and commercial vehicle tire segment during the forecast period. Innovations in green tire manufacturing, fuel efficient tires, and continuous changes in tire designs will possibly boost the industry. Bridgestone Corporation, Michelin SCA, and Goodyear Tire & Rubber Company are among the major suppliers of global automotive tire industry. Continuous innovation of products is very important for companies to sustain their successful position in the industry.
This research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.