TechNavio today launched its report Global Tire Market 2011-2015 based on an in-depth study covering the APAC, the North America, Western Europe, Eastern Europe, Africa and the Middle East, and the Central and South America regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The growing Global Automotive Tire market, which includes light, medium and heavy vehicles, is one of the major trends that will lead to the growth of the Global Tire market. The Global Automotive Tire market is expected to increase massively by 2015. The increasing demand for tires from the Global Automotive market directly influences the demand for tires globally and hence impacts the Global Tire market.”
According to the report, the growing demand for motorcycles is one of the key drivers of the growth of the Global Tire market. The increasing demand for motorcycles positively influences the demand for tires and hence leads to the growth of the Global Tire market. The demand for motorcycles comes from developing and under-developed countries where the penetration rate of cars is low. Also, it is expected that the adoption of tubeless tires in the Global Motorcycle market will increase and will have a positive impact on the Global Tire market.
Further, the report also discusses that the increased cost of raw material and commodity products is one of the major challenges in the Global Tire market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/iNwY1
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Report – Global Tire Market 2011-2015
