Sep 10, 2013: Bharat Book Bureau presents the market report "Global Tire Market 2012-2016" TechNavio's analysts forecast the Global Tire market to grow at a CAGR of 6.32 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for radial tires. The Global Tire market has also been witnessing an increase in factory automation. However, the increasing cost of raw materials could pose a challenge to the growth of this market.
The Global Tire Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focusses on the market in the Americas and the EMEA and APAC regions; it also covers the market landscape of the Passenger Car and Light Truck, and Truck and Bus segments and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space include Bridgestone Corp., Compagnie Generale des Etablssements Michelin SCA, Continental AG, and The Goodyear Tire and Rubber Co.
Other vendors mentioned in the report are Cheng-Shin Rubber Industries Co. Ltd., Continental AG, Cooper Tire and Rubber Co., Hankook Tire Co. Ltd., Maxxis, Sumitomo Rubber Industries Ltd., and Yokohama Rubber Co. Ltd.
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Global Tire Market 2012-2016