Tires market to reach USD 320,843 million at a CAGR of 1.7% from 2021 to 2027

2022-07-07 15:40:43 UTC | Automotive & Transportation
Tires market to reach USD 320,843 million at a CAGR of 1.7% from 2021 to 2027
Gen Consulting Company estimates the global tires market will total USD 320,843 million by 2027, an average annual growth of 1.7 percent during the forecast period, according to the latest edition of the Global Tires Market Report.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global tires market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the tires industry.

This industry report offers market estimates of the global market, followed by a detailed analysis of the application, distribution channel, and region. The global market for tires can be segmented by application: passenger car, commercial vehicle, motorcycle, others. Tires market is further segmented by distribution channel: OEM, aftermarket. Based on region, the tires market is segmented into: Asia Pacific, Europe, North America, Middle East and Africa (MEA), South America.

By application:
- passenger car
- commercial vehicle
- motorcycle
- others

By distribution channel:
- aftermarket

By region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa (MEA)
- South America

The report explores the recent developments and profiles of key vendors in the Global Tires Market, including  Bridgestone Corporation, Cheng Shin Rubber Ind. Co. Ltd., Continental AG, Cooper Tire & Rubber Company, Goodyear Tire and Rubber Company, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., Shandong Linglong Tire Co., Ltd., Sumitomo Corporation, The Michelin Group, The Yokohama Rubber Company, Limited, among others.

Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

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Scope of the Report
- To analyze and forecast the market size of the global tires market.
- To classify and forecast the global tires market based on application, distribution channel, region.
- To identify and analyze the profile of leading players operating in the global tires market.

Why Choose This Report
- Gain a reliable outlook of the global tires market forecasts from 2021 to 2027 across scenarios.
- Identify growth segments for investment.
- Stay ahead of competitors through company profiles and market data.
- The market estimate for ease of analysis across scenarios in Excel format.
- Strategy consulting and research support for three months.
- Print authentication provided for the single-user license.