TechNavio recognizes the following companies as the key players in the Winter Tire Market in the US: Bridgestone Corp., Compagnie Generale des Etablissements Michelin SCA, Cooper Tire & Rubber Co., and The Goodyear Tire and Rubber Co.
Commenting on the report, an analyst from TechNavio’s team said: “The Winter Tire market in the US is expected to witness the emergence of high-performance winter tires in the US in the coming years. For instance, many tire manufacturers have introduced new eco-friendly winter performance tires for the US market. The Winter i*cept evo by Hankook Tire Worldwide Co. Ltd. is specifically designed with an enhanced tread compound for better performance in all winter conditions for upper mid-size to prestige vehicles, luxury limousines, and medium to big sports utility vehicles. The market is expected to witness more innovations in the coming years.”
According to the report, one of the main drivers in this market is the increasing safety concern. The increased public awareness about passenger safety and the increasing concern in this regard among customers, government, and automobile manufacturers is propelling the growth of this market.
Further, the report states that one of the main challenges in this market is the increasing popularity of all-season tires. This is expected to have a negative impact on the sales of winter tires and consequently on the Winter Tire market in the US.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/winter-tire-market-us-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Winter Tire Market in the US 2014-2018
