Winter Tire Market: accounted for USD 25.18 billion in 2023 and is expected to reach USD 37.77 billion by 2030 at a CAGR of 5.96 % during the forecast period.
Winter Tire Market Overview:
The current condition of terminologies, segments, functions, and industry value chain structure was examined in the Winter Tire Market Research Report. The report offers unbiased expert commentary on the current market situation, previous financial position, consumption patterns rates, demand and supply ratios, and revenue generation estimates for the forecasted time. The Winter Tire Market report also includes information on the strategic aspirations and company growth plans of the major organizations in the Winter Tire Market sector. Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Winter Tire Market on both the global and regional levels.
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Market Scope:
Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Winter Tire Market on both the global and regional levels.
Segmentation:
by Tire Type
Studded
Studless
by Sales Channel
OEM
After Market
by Vehicle type Passenger Cars
Light Motor Vehicles
Heavy Motor Vehicles
by Rim Size
12’’-17’’
18’’-21’’
>22”
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Key Players:
The major players covered in the Winter Tire Market report are
- Bridgestone Corporation (Japan)
2. Sumitomo Rubber Industries, Ltd. (Japan)
3. Toyo Tire & Rubber Co., Ltd. (Japan)
4. Apollo Tyres Limited (India)
5. Jk Tyres (India)
6. MRF Ltd (India)
7. Zhongce Rubber Group Co., Ltd. (China)
8. Linglong Tire (China)
9. CST Tires (China)
10. Triangle Group (China)
11. Nexen Tire Corporation (South Korea)
12. Hankook Tire (South Korea)
13. Kumho Tire (South Korea)
14. Giti Tire (Singapore)
15. Nankang Rubber Tire (Taiwan)
16. Maxxis Tires (Taiwan)
17. Continental AG (Germany)
18. Pirelli & C.S.p.A. (Italy)
19. CEAT (Italy)
20. MICHELIN (France)
21. Nokian Tyres plc (US)
22. Yokohama Tire Corporation (US)
23. The Goodyear Tire & Rubber Company (US)
24. Cooper Tire & Rubber Company (US)
25. Sailun Tires (Canada)
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Regional Analysis:
The region portion of the research also provides key market-impacting components and changes in market regulatory oversight that have an impact on the market’s current and future trends. New deals, substitute sales, national demography, regulatory actions, and import-export taxes are some of the major variables used to forecast the market situation for different areas.
COVID-19 Impact Analysis on Winter Tire Market:
The COVID-19 outbreak has had a significant impact on the global Winter Tire Market industry. Due to the worldwide slump and a lack of employees, Winter Tire Market manufacturing plants have been halted. The COVID-19 epidemic has caused a significant and long-term drop in production utilization, while travel prohibitions and facility closures have kept personnel away from their workplaces, causing the Winter Tire Market to slow down.
Key Questions Answered in the Winter Tire Market Report are:
- Which segment had the largest share in the Winter Tire Market?
- How was the competitive scenario of the Winter Tire Market?
- Which are the key factors responsible for the Winter Tire Market growth?
- Which region held the maximum share in the Winter Tire Market?
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