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Global Tire Market Growth, Trends and Forecasts 2017-2022


Currently, toilet soaps are available in a number of varieties such as liquid soap, personal soap, medicated soap, guest soap, glycerine soap, transparent soap, beauty soap, etc. According to a new report by Expert Market Research, the global toilet soap market reached a value of US$ 18 Billion in 2016 and is further expected to reach US$ 24 Billion by 2022. – PowerPoint PPT presentation

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Title: Global Tire Market Growth, Trends and Forecasts 2017-2022

Global Tire Market to Reach 3.6 Billion units by
Copyright 2016 Expert Market Research. All
Rights Reserved
Global Tire Market to Reach 3.6 Billion units by
2022 Tire is part of a vehicle in the shape of a
ring which covers the rim of the wheel. It is
manufactured mainly with rubber, carbon black and
other chemical compounds. Majority of the tires
are pneumatic tires which are filled with
compressed air to form an inflated cushion and
are used in various types of vehicles such as
bicycles, cars, bikes, trucks, buses, heavy
equipment and aircraft. They provide a flexible
cushion to absorb shock along with protection and
enhancement of the vehicle to give better
performance. Currently, many varieties of tires
are available in the market which include high
performance tires, mud tires, all-season tires,
all-terrain tires, light trailer tires, run-flat
tires, off the road tires, etc. According to a
new report by Expert Market Research, the global
tire market reached a volume of 2.9 Billion Units
in 2016 and is further expected to reach 3.6
Billion units by 2022. A significant rise in the
production of tires has been witnessed during
2009-2016 as a result of the growing automobile
industry. The sales of commercial and passenger
vehicles have majorly increased in the developing
countries. The rising demand for high performance
and low-profile tires, low rolling resistance
tires, technology advanced smart tires, and
eco-friendly tires with better fuel economy have
also stimulated the tire market. Moreover,
urbanization, rising population, increasing
disposable incomes, changing lifestyles along
with a strong demand from emerging markets are
some of the other factors that have facilitated
the market growth.
  • Key findings from the report
  • The major end-uses of tire include passenger car
    or light truck, commercial tires (trucks) and
    commercial tires (off-highway). In 2016,
    passenger car or light truck represented the
    largest end-use segment with the majority of the
    market share.
  • The global tire market is segmented as OEM and
    replacement market. The replacement market
    dominated in 2016 with around a seventh of the
  • Region-wise, China dominated the market with a
    share of nearly half of the total global
    production in 2016. It was followed by Europe,
    US, Japan and India.
  • Being fragmented in nature, the global tire
    market is surrounded by a number of players. Some
    of these players include Bridgestone Corporation,
    Groupe Michelin France, Goodyear Tyre Rubber
    Co., Continental AG Germany, Pirelli C. S.p.A.,
    Sumitomo Rubber Industries Ltd., Hankook Tyre
    Co., Yokohama Rubber Corp., Cheng Shin Rubber and
    Zhongce Rubber Group Co. Ltd.
  • To request a sample copy of this report, click on
    the link below http//

  • Expert Market Research has analysed the global
    tire market according to end-use, segment, major
    regions and top players
  • Market breakup by End-use
  • Passenger Car or Light Truck
  • Commercial Tires (Trucks)
  • Commercial Tires (Off-Highway)
  • Market breakup by Segment
  • OEM Market
  • Replacement Market
  • Market breakup by Region
  • China
  • Europe
  • US
  • Japan

  • Top players
  • Bridgestone Corporation
  • Groupe Michelin France
  • Goodyear Tyre Rubber Company
  • Continental AG Germany
  • Pirelli C. S.p.A.
  • Sumitomo Rubber Industries Ltd.
  • Hankook Tyre Co.
  • Yokohama Rubber Corp.
  • Cheng Shin Rubber
  • Zhongce Rubber Group Co. Ltd.
  • To view the report summary and Table of Contents,
    click on http//
  • Find more reports on Chemical and Materials
    Industry http//

  • Expert Market Research (EMR) is a market research
    and consultancy firm providing syndicated and
    custom research along with consultancy services
    to a wide clientele base which includes Fortune
    1000 companies as well as small and medium
    enterprises. With our tailored approach, the
    clients gain valuable and unbiased insights that
    help to improve their competitive edge and
    realize sustainable growth.
  • With a keen focus on the qualitative aspect as
    well as accuracy of the reports, we align our
    resources and services as per the clients
    requirement and offer a flexible engagement model
    that best suits their needs. We offer market
    intelligence across a range of industry verticals
    which include Pharmaceuticals, Food and Beverage,
    Technology, Retail, Chemical Materials, Energy
    Mining, Packaging and Agriculture.
  • We specialize in the following areas
  • Syndicated Research
  • Custom Research
  • Consulting Services

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