APAC to Drive the Global Automotive Tire Industry: Lucintel Anticipates Automotive Tire Market to Reach US $187Billion in 2017


   January 1 2013


The global automotive tire industry holds opportunities for industry players due to the strong demand for replacement tires and increasing sales of passenger and commercial vehicles in developing countries. The market is forecast to reach an estimated US $187billionin 2017 with a CAGR of 4%over the next five years (2012–2017).



Lucintel, a leading global Management Consulting and market research firm, has analyzed the global automotive tire marketand presents its findings in Global Automotive Tire Industry Analysis 2012-2017:Industry Trend, Profit and Forecast Analysis.”



The global automotive tire market is highly consolidated and consists of passenger car tires, heavy trucktires, and others segments. North America dominates this market and represents approximately 30% of the global revenue.Europe emerged as the highest potential market, followed by APAC and North America in 2011.Competition among the top market players isstrongdue to product design, core technology, performance, price and terms, reputation, warranty terms, customer service, and consumer convenience. A combination of factors, such as vehicle sales, government regulations,and environmental concerns, impacts market dynamics significantly.



In the global automotive tire industry, APAC is expected to have the highest growth over the forecast period. APAC is expected to lead in rubber demand through 2012, reflecting market strength in China, India, Thailand, and Vietnam. The passenger car segment is forecast to growth the fastest during the next five years.The growing Indian tractor market provides an opportunity to the US farm tire market in terms of more exports.



This research report from Lucintel is a cost-effective tool that portrays the key aspects of the automotive tire industry.The study provides an overview of the global automotive tire market. The report tracks three market segments for four regions, NA, Europe, APAC, and ROW; thus, it tracks 12 segments of the global automotive tire market. The scope of this study is limited to annual trends for the past five years (2006-2011) and forecasts for the next five years (2012-2017).



For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [44]
Chemical [100]
Composites & Advanced Materials [99]
Construction & Industrial [40]
Consumer and Retail [78]
Economic Analysis [86]
Energy & Utility [68]
Finance & Services [10]
Healthcare [23]
Media & Entertainment [16]
Metals & Mining [16]
Technology & Telecommunication [44]
Transportation [75]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Partnership between Jushi USA and Gray Construction ...
Armor Express Awarded Five-Year ID/IQ Hard Armor Contract from U.S. Customs and Border Protection...
Hyundai Files Patent for CFRP Front End...
Velocity Composites Signs Long Term Agreement ...
Johns Manville's Starrov 853 for LFT Reinforcements is Available in Americas and Europe ...

Follow us on