The China Tire Market is expected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2022-27. MarkNtel Advisors' recently published versions of the study on the China Tire Industry (2022-2027) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timefrvame and Metrics
- Historical Period: 2017-20
- Base Year: 2021
- Forecast Years: 2022-2027
- Units: USD Million/Billion
- Our goal is to offer clients with relevant and up-to-date information. To achieve this, our skilled analysts and researchers conduct thorough studies on the industry.
- Before creating a roadmap or checklist for the research report, we seek to understand the client's perspective and objectives.
- The figures in our reports are tailored with input from industry experts, ensuring our reports are comprehensive solutions for clients.
- We use both primary and secondary research approaches to gather unbiased and comprehensive market information.
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Escalating Demand for High-Performance Tires
The mounting inclination of people toward sports vehicles, coupled with the rising popularity of driving on challenging terrains, are instigating automakers to manufacture high-capacity vehicles like crossovers, compact SUVs, etc. It, in turn, is generating growth opportunities for the leading players in the tire industry to manufacture high-performance tires, principally for delivering robust grips, minimal rolling resistance, reduced tread wear & improved traction, among others.
Analyzing the Segmentations for the China Tire Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By Type of Vehicles
-Passenger Car
-Light Commercial Vehicle
-Buses & Trucks
-Medium & Heavy Commercial Vehicles
-Off the Road (OTR)
-Two Wheelers
-Three Wheeler
By Demand Category
-OEM
-Replacement
By Type of Tire
-Radial
-Bias
By Sales Channel
-Dealer/Exclusive Outlets
-Online
-Others
By Season
-All season
-Winter
By Price Category
-Low (Up to USD90)
-Medium (USD91-USD140
-High (Above USD140)
By Rim Diameter
-Up to 12”
-12.1” to 15”
-15.1.” to 18”
-18.1” to 20”
-20.1” to 22.5”
-22.6” to 26”
-26.1” to 35”
-35.1” to 47”
-Above 47”
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Exploring the Geographical Landscape of the China Tire Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-North East & East
-North & North West
-South West & South Central.
Do You Know Who are the Leading Companies in the China Tire Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the China Tire Market companies:
-Kumho
-Hangzhou Zongche
-Prinx
-Double Coin
-Cheng Shin
-Hankook
-Triangle
-Sailun Jinyu
-Giti Tire
-Aelous Tyre Co. Ltd.
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Key Questions Addressed in the China Tire Market Research Report:
- What is the estimated size, share, and CAGR of the China Tire Market in the forecast period?
- What are the key trends projected to impact the China Tire Market during 2022-2027?
- What are the different segments & sub-segments considered in the China Tire Market research study?
- Who are the key stakeholders and players participating in the China Tire Market?
- What are the major aspects creating opportunistic arena for the China Tire Market?
- What would be the demand for different types of products/services in the China Tire Market through 2027?
- What all factors would create challenge for the China Tire Industry growth?
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