LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global automotive all-season tires market and it is poised to grow by USD 4.84 bn during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Increased launches of new line of all-season tires is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at -14.28% and the incremental growth of the market is anticipated to be $ 4.84 bn.
Who are the top players in the market?
Bridgestone Corp., Continental AG, Cooper Tire and Rubber Co., Hankook Tire Co. Ltd., Kumho Tire Co. Inc, Michelin Group, NEXEN TIRE Corp., Pirelli Tyre Spa, The Goodyear Tire & Rubber Co., and Yokohama Rubber Co. Ltd., are some of the major market participants.
What is the key market driver?
The regulations on use of all-season tires is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 38% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bridgestone Corp., Continental AG, Cooper Tire and Rubber Co., Hankook Tire Co. Ltd., Kumho Tire Co. Inc, Michelin Group, NEXEN TIRE Corp., Pirelli Tyre Spa, The Goodyear Tire & Rubber Co., and Yokohama Rubber Co. Ltd. are some of the major market participants. The regulations on use of all-season tires will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Automotive All-season Tires Market 2020-2024: Segmentation
Automotive All-season Tires Market is segmented as below:
- Passenger Vehicles
- Commercial Vehicles
- North America
- South America
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Automotive All-season Tires Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive all-season tires market report covers the following areas:
- Automotive All-season Tires Market Size
- Automotive All-season Tires Market Trends
- Automotive All-season Tires Market Industry Analysis
This study identifies the increased launches of new line of all-season tires as one of the prime reasons driving the global automotive all-season tires market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive All-season Tires Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive all-season tires market growth during the next five years
- Estimation of the automotive all-season tires market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive all-season tires market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive all-season tires market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger vehicles – Market size and forecast 2019-2024
- Commercial vehicles – Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – External factor
- Volume driver – Demand led growth
- Price driver – Supply led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Bridgestone Corp.
- Continental AG
- Cooper Tire and Rubber Co.
- Hankook Tire Co. Ltd.
- Kumho Tire Co. Inc
- Michelin Group
- NEXEN TIRE Corp.
- Pirelli Tyre Spa
- The Goodyear Tire & Rubber Co.
- Yokohama Rubber Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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