London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Winter Tire Market in Poland 2015-2019, which is expected to grow at a CAGR of 4.09 percent during the period of 2014-2019.
“The major vendors such as Michelin, Bridgestone, and Goodyear have a strong presence in all the segments and compete intensely to gain a bigger market share,” says Faisal Ghaus, Vice President of TechNavio.
“These global players also have to face intense competition from local vendors and low-cost Asian tire manufacturers, mainly Chinese. Hence, the market is witnessing intense competition among the tire manufacturers, which has led to the strong bargaining power of buyers.”
Key Market Drivers
- Growing Scope of Replacement Tire Segment
- New Product Launches by Key Manufacturers in Europe
- Increased Investment by Tire Vendors
- High Traction Offered by Winter Tires
- Growing Safety Concerns
Key Market Trends
- Emergence of High-performance Winter Tires
- Increased Innovations in Market
- Growing Competition Among Vendors
- Buyers Prefer Motoring Magazine Advice to Less-understood Winter Tire Labels
Key Market Vendors
- Apollo Vredestein BV
- Bridgestone Corp.
- BRISA Bridgestone Sabanci Tire Manufacturing and Trading Inc.
- Continental AG
- Cooper Tire & Rubber Co.
- Dębica SA
- Deldo Autobanden NV
- Falken Tyre Europe GmbH
- Giti Tires Pte. Ltd.
- Goodyear Dunlop Tires Europe
- Goodyear Dunlop Tyres UK
- Hwa Fong Rubber Industries Co. Ltd.
- Kumho Tire Co. Inc.
- Maxxis International GmbH
- Michelin Corp.
- Nankang Rubber Tire Corp. Ltd.
- Nexen Tire Corp.
- Nokian Tyres Inc.
- Pirelli Tyre SpA
- ROSAVA Tires
- Sailun Group
- Sumitomo Rubber Industries Ltd.
- Toyo Tire & Rubber Co. Ltd.
- Triangle Group
- Vee Rubber Group
- Yokohama Rubber Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
