Pune, India, July 2021, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global All Weather Tire Market.
Market Research Future published a raw research report on the global all weather tire market that contains the information from 2021–2027. The global all weather tire market is expected to grow at ~5% CAGR during the forecast period, 2021–2027.
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The global all weather tire market is expected to grow at ~5% CAGR during the forecast period.
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In 2020, the passenger carssegment held the largest market share: MRFR
Based on rim size, the global market is divided into 12’’–17’’, 18’’–21’’, and >22’’. The 18’’–21’’ segment is expected to hold the largest share of the market. The 18’’–21’’ segment is expected to grow at a faster rate during the forecast period as these tires need a lower profile (or sidewall height) to maintain adequate clearance when they go over bumps and potholes, which makes the suspension fully compress and rebound.
Based on sales channel, the global market is divided into OEM and aftermarket. The aftermarket segment is expected to hold the larger share of the market share, and it is expected to grow at the faster rate during the forecast period. The aftermarket distribution channel here represents the tire replacements done annually across each country and region. Additionally, the increase in distributors, retailers, and online channel partners is expected to increase the share of aftermarket tires in the global market.
Based on vehicle type, the all weather tire market is segmented into passenger cars, LCV, and HCV. The passenger cars segment is predicted to dominate the global market during the forecast period.
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The key players operating in the global all weather tire marketareBridgestone Corp. (Japan), Continental AG (Germany), Cooper Tire and Rubber Co. (US), Hankook Tire and Technology Co. Ltd. (South Korea), Kumho Tire Co. Inc. (South Korea), MICHELIN (France), Pirelli Tyre Spa (Italy), Sumitomo Rubber Industries Ltd. (Japan), The Goodyear Tire and Rubber Co. (US), and Yokohama Rubber Co. Ltd. (Japan).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging andhigh-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global all weather tire market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing andcost analysis.