SAN FRANCISCO, January 15, 2018 /PRNewswire/ --
Global Passenger Vehicle Replacement Tire Market is anticipated to grow at a significant CAGR in the forthcoming years. Passenger vehicle low resistance replacement tires enable significant opportunities to minimize air pollution and carbon dioxide thus saving consumer's fuel and money. Fuel efficient tires are feasible and common for new vehicles. Tires deform during rotation resulting out of rolling resistance. The part of tire that is deformed gets compressed and bends and certain amount of energy is needed to restore the tire's shape again. Therefore, a significant amount of energy is needed to overcome the viscosity of rubber. Currently, major manufacturers deploy one or two more tires based on fuel economy indicating consumer's consistent interest in fuel efficient tires.
Commercial driving factors responsible for the growth of passenger vehicle replacement tire market include rising concerns for advanced vehicles for passengers. Also, environment concerns add to the market growth. Moreover, air quality enhancements and lessening of greenhouse emission is an important feature to manufacture tires for passenger cars. Based on segmentation by type, the passenger vehicle replacement tire market includes OEMs and Aftermarket. OEMs segment dominate the market growth in the estimated period owing to rise in sales of passenger cars and increasing popularity of high-performance tires.
Based on segmentation by season, the passenger vehicle replacement tire market includes summer, winter, studded and non-studded. Based on segmentation by retreading process, the passenger vehicle replacement tires market includes mold cure and pre-cure. Based on segmentation by material, the passenger vehicle replacement tire market includes fillers, polymers, softeners and curatives.
Access 107 page research report with TOC on "Global Passenger Vehicle Replacement Tire Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-passenger-vehicle-replacement-tire-2016
Geographically, the passenger vehicle replacement tire market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC market dominates the global market scenario owing to rise in rubber manufacturing units and import business. North America and Europe market is also anticipated to grow at a significant CAGR in the estimated period and is also expected to grow positively in the near future. MEA regions are also expected to grow positively in the near future owing to demand for passenger vehicle and passenger vehicle tires. The key players in the passenger vehicle replacement tire market include Continental AG, Bridgestone Corporation, BFGoodrich, Cooper Tire and Rubber Company, The Goodyear Tire, and Michelin.
This report studies Passenger Vehicle Replacement Tire in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
• Cooper Tire and Rubber Company
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Passenger Vehicle Replacement Tire in these regions, from 2011 to 2021 (forecast), like
• North America
• Southeast Asia
Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into
• Type I
• Type II
• Type III
Split by application, this report focuses on consumption, market share and growth rate of Passenger Vehicle Replacement Tire in each application, can be divided into
• Application 1
• Application 2
• Application 3
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