Aftermarket Tire Market Report 2021 on Growth, Key Players, Trends and Other Forecasts Till 2027

A new report by Astute Analytica studies the global aftermarket tire market during the forecast period from 2021-2027 and provides a detailed overview of the sector. During the analysis period of 2021-2027, the market is anticipated to grow at a compound annual growth rate (CAGR) of more than 2%.

This study on the Global Aftermarket Tire Market thoroughly examines the market's upcoming trends and industrial dynamics. The Aftermarket Tire Market research also includes analytical information such as market size, major trends, and key market players, and other growth prospects. This analysis report on the global aftermarket tire market throws light on the data obtained from diverse sources, accompanied by the tools and techniques of SWOT analysis.

The purpose of a study report is to provide relevant information to the readers and helping them make business decisions. The broad documentation offers a variety of business insight and consulting services to assist clients in making future decisions and achieving long-term market success.

Key market trends such as technological advancement and competitor outlook are all mentioned in this analysis. Apart from that, the introduction of new technology and data on emerging trends is also added in the report. Five key forces that can influence the competitive environment include the introduction of new entrants in the industry, regional analysis, COVID-19 impact, availability of better substitute products/services, growing competitors, and their strategies.

The study would make it easier for new market players to assess the sector's potential and funding plans in the upcoming years. The report also looks at the goods, trends, and opportunities that may influence this market over the next several years.

Impact Analysis of COVID-19 on the Aftermarket Tire market

The COVID-19 virus was found in December and has already spread to practically every country. It has been labeled a public health emergency by the World Health Organization. The COVID-19 infection already has a significant impact on the market, and this will continue beyond 2021. More than 40 nations have declared states of emergency as a result of the COVID-19 epidemic.

The COVID-19 breakout since December 2019 has affected various nations. The business sector suffered heavy losses due to the decline in workers, lockdown, travel restrictions, and lack of raw materials. The impact of COVID-19 on the global Aftermarket Tire market is discussed in the report. It contains a summarized discussion of initial impact, current situation, future impact, and expected recovery options.

Regional Outlook: The Aftermarket Tire Market

The Aftermarket Tire market evaluates the growth of the market on the basis of regions. It explores factors like economic growth, social issues, technological developments, regional revenue, etc., of the top impacting regions.

The market is segmented into the following regions: North America, Europe, Asia Pacific, South America, the Middle East and Africa.

Scope of the Aftermarket Tire Market Report

By Product Type

• Aircraft tires

• Agricultural tires

• Buggy tires

• Motorcycle tires

• Off-road/earthmover tires (OTR)

• Racing tires

• Truck tires

• Tubes

By Rim Size

• Less than 15 Inch

• 15 to 20 Inch

• More than 20 Inch

By Tire Construction

• Bias or Diagonal Tire

• Radial Tire

• Solid Tires

By Vehicle Type

• Passenger Car

• Light Commercial Vehicle

• Medium & Heavy Commercial Vehicle

By Demand Category

• OEM

• Replacement

By Technology

• Winter Tires

• Connected Tires

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Geographic Breakdown: The Breakdown by region and country section gives an analysis of the market in each geographic area and market size by geographic area and compares their historical and forecast growth. It covers the impact and recovery trajectory of Covid-19 for all regions, major developed countries, and major emerging markets.

Countries studied in the report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arabs Emirates, United Kingdom, United States, Venezuela, Vietnam.

Key Players: The Aftermarket Tire Market

The report also describes the working strategies and development of the prominent companies. This study also discusses the strategies of the players to outgrow the market competitors.

The Global Aftermarket Tire Market report covers major market players:

Apollo Tires, Bridgestone Corp., CEAT Ltd., Coda Development, Continental AG, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Co., JK Tyre & Industries Ltd., Kumho Tire, MRF Tyres, Maxxis International, Michelin Group, Nokian Tyres PLC, Pirelli & C. S.p.A., Hankook Tire Co. Ltd., Sumitomo Rubber Industries, Toyo Tire & Rubber Co. Ltd., Yokohama Rubber Co. Ltd. and Zhongce Rubber Group Co. Ltd.

What factors are taken into consideration when assessing the key market players?

• The report analyzes companies across the globe in detail.

• The report provides an overview of major vendors in the market, including key players.

• Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

• This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

• Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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