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Global Tires & Rubber Company Report

  • May 2017
  • 36 pages
  • ID: 204606
In this report:
The performance of the market is forecast to accelerate, with an anticipated CAGR of ##.## % for the five-year period 2016 - 2021, which is expected to drive the market to a value of $##,##,##.##m by the end of 2021.
Car aftermarket sales had the highest value in the global tires & rubber market in 2016, with total sales of ##,##.## million tires, equivalent to ##.##% of the market's overall value.

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Global Tires & Rubber

Brief

Overall Tires & Rubber industry profile offers broad overview information containing: market size (value and volume between 4 years (2012-2016), and outlook to 2021). The report also offers details of the top players, including main business metrics and analysis of the competitive environment within the market.

Abstract

Fundamental source for important data and analysis covering the Global tires & rubber market. Contains industry size and segmentation information, textual and graphical study of business growth trends, dominant companies and macroeconomic data.

Key Findings

- The tires and rubber market consists of the manufacturers revenues generated through the sales of both aftermarket and original equipment manufacturer tires for passenger cars and commercial vehicles, earthmoving equipment, motorcycles, scooters, bicycles, and aircraft. The volume introduces the number of tires produced for passenger cars and commercial vehicles only, including OEM and aftermarket tires. For the purpose of this report, pickups and SUVs are classified as commercial vehicles even when used primarily as private passenger cars. Conversions of money currency used in the creation of this report have been counted using constant 2016 average exchange rates.

- The overall tires & rubber sector, in total, generated revenues of $ 1,103,195.2m in 2016, totalling a CAGR of 3.50 percent in the timespan 2012-2016.

- Regulation in the European market is far stricter as compared to several other parts of the world, and players in the German tires and rubber market have to ensure their products meet the eco-friendly standards set by EU regulations including regulation 1222/2009. The Union also introduced in 2012 an "EU label" for tires deemed to be environment friendly, and various manufactures including Continental have introduced tires including the "SportContact 5" brand that qualify for this label. The reason for this is the growing awareness amongst German consumers of the benefits of eco-friendly products, and players in the industry have as such introduced products that will meet the demand of such consumers.

- The United Steelworkers union launched a petition in 2016 to urge increased duties be imposed on imported Chinese tires which they claimed were damaging the US tires & rubber market. In February 2017 however the U.S. International Trade Commission in 3:2 vote, found that the US tires and rubber market was not damaged by the alleged "dumping" of Chinese tires into the US market. This is positive news from the point of view of Chinese tire manufacturers. Allowing continued import of Chinese tires will also keep prices in the US market down due to a diversity of tire manufacturers having access to the market. Decreased supply as would have happened in the case of a duty imposed on Chinese tire imports, would have caused prices to go up.

Overview

- Obtain entry-level research easily and quickly by finding key elements, such as size, growth, main segments and key actors in the tires & rubber market in the overall

- Porter's five forces analysis will help you define the competitive concentration and thus the appeal of the globaltires & rubber market

- Dominant company profiles show details of key tires & rubber market actors' overall activities and financial performance

- Improve your presentations and pitches by apprehending the growth projections of the Global tires & rubber segment with 5 years predictions by both value and volume

Purposes to acquire this study

- What was the size of the Global tires & rubber market worth in 2016?

- What will be the size of the Global tires & rubber market in 2021?

- What factors are influencing the force of competition in the overall tires & rubber market?

- How has the sector performed over the final five years?

- What are the top segments that make up the overall's tires & rubber market?

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