The Global Advanced Tires Market is the increasing production of premium vehicles, Growing safety concerns over vehicles for better traction on road, Rising demand for fuel-efficient vehicles, Increasing tire and drive train life, Stringent emission norms regarding carbon foot print reduction, Increasing demand for convenience and driver assistance, technological advancements like developments in autonomous vehicle and connected vehicle eco system in various regions, Continues technological changes in upcoming automobiles manufacturing sector is key driving factor for the growth of this market.
Europe is expected to dominate the growth rate by region countries like Germany, France and UK are largest consumer of the advanced tires and expected to hold its position in upcoming years.
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Increasing focus of tire manufacturer on advanced technologies such as 3D printing, manufacturing with organic raw materials and autonomous vehicle are further supporting factor expected to boost the growth of the market.
High cost of Advanced Tires system and inability to produce in large mass, low market awareness in underdeveloped countries are main challenges faced in the market. Government regulations in various countries norms to demand for high mileage vehicles and reducing carbon footprint initiatives are considered as opportunity for the market.
The market is dominated by LDV segment owing to various factors like increased production of premium vehicles in region further increasing connected technologies has resulted in segment dominating.
Some of the key players operating in this market include Continental (Germany), Goodyear, Michelin and NOKIAN (FINLAND) among others.
Key Benefits of the Report:
* Global, Regional, Country, Vehicle Type, and Technology Types Market Size and Forecast from 2014-2025
* Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
* Identification of key companies that can influence this market on a global and regional scale
* Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
* Detailed insights on emerging regions, End user Types & Communication Technology Type, and competitive landscape with qualitative and quantitative information and facts.
Global Advanced Tires Industry 2020 Market Research Report is spread across 121 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.
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* Advanced Tires providers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies.
Research Methodology: The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity Production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer,
* Component Supplier,
* Government Body & Associations, and
* Research Institute.
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Table Of Content
1 Executive Summary
2 Methodology And Market Scope
3 Advanced Tires Market — Industry Outlook
4 Advanced Tires Market Type Outlook
5 Advanced Tires Market Application Outlook
6 Advanced Tires Market Regional Outlook
7 Competitive Landscape
End Of The Report
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