Global Tires
Motor vehicles continue to account for a large share of tire demand, but the motorcycle market will offer faster growth. Developing areas will continue to register the fastest increases, as they are typically still experiencing quick growth in motor vehicle sales. As a result, Central and South America, the Africa/Mideast region, and the Asia/Pacific region will all register above average yearly increases in tire demand. On the other hand, the developed areas of North America and Western Europe already have sizable vehicle parcs and will record much slower average annual gains. This new study discusses how these factors will impact global tire demand going forward.
Markets include:
Regional demand breakouts include:
Scope of the Report
This Freedonia industry study analyzes the 2.7 billion unit global tire industry. It presents historical demand data (2007, 2012, and 2017)and forecasts (2022) by market (light motor vehicles, medium and heavy motor vehicles, motorcycles, agricultural and other). Data are provided in units,with total tire sales are provided in dollar value. Motor vehicle tire sales include both the OEM and replacement segments. The study also evaluates company market share and competitive analysis on industry competitors including Bridgestone, Continental, Goodyear, Hankook, Michelin, Pirelli, Sumitomo, andYokohama.
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