Global Automotive Racing Tires Market Growth 2023-2029

Global Automotive Racing Tires Market Growth 2023-2029

Automotive Racing Tires are used in auto racing where competitors can choose different tyres based on the weather conditions and can often change tyres during a race. They can provide far more traction than grooved tires on dry roads, due to their greater contact area.
LPI (LP Information)' newest research report, the “Automotive Racing Tires Industry Forecast” looks at past sales and reviews total world Automotive Racing Tires sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Racing Tires sales for 2023 through 2029. With Automotive Racing Tires sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Racing Tires industry.
This Insight Report provides a comprehensive analysis of the global Automotive Racing Tires landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Racing Tires portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Racing Tires market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Racing Tires and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Racing Tires.
The global Automotive Racing Tires market size is projected to grow from US$ 282.4 million in 2022 to US$ 305.8 million in 2029; it is expected to grow at a CAGR of 305.8 from 2023 to 2029.
Global Automotive Racing Tires include Pirelli, Goodyear, Hankook, Tire, Michelin, Bridgestone and Yokohama, etc. Global top 5 companies hold a share over 83%. Europe is the largest market, with a share about 40%, followed by North America and Asia-Pacific with the share about 31% and 17%.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Racing Tires market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
13-inch
15-inch
18-inch
Others
Segmentation by application
Grand Tourer
Touring
Formula
Rally
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Pirelli
Goodyear
Hankook Tire
Michelin
Bridgestone
Yokohama
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Racing Tires market?
What factors are driving Automotive Racing Tires market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Racing Tires market opportunities vary by end market size?
How does Automotive Racing Tires break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.