The Global Automotive Tire market accounted for US$ 233.15 Bn in 2017 and is expected to grow at a CAGR of 3.8% over the forecast period 2018–2025, to account for US$ 306.44 Bn in 2025. Asia Pacific is expected to be the region experiencing ample opportunities for the manufacturers and providers of automotive tires. China and India are densely populated countries and thus, the number of passenger cars on the roads in these countries are very high. In this regard, high disposable incomes of individuals have increased the sales of entry-level to medium-range cars and therefore, these two countries are highly lucrative for entry-level and medium range car segments. In addition to this, China and India are considered to be largest manufacturing hubs globally on account of several factors. Lower labor wages, relatively less price of raw materials, and favorable Government policies compared to other countries are some of the factors in both countries which has supported the economy to attract foreign direct investments in many industrial fields including automotive.

For many reasons, electric vehicles require specific tires. According to the vehicle manufacturer, its tire must have greater weight than internal combustion cars and transmit more torque to the road when driving after a halt. Tire noise is more noticeable in electric cars than internal combustion vehicles because of their near-silent powertrains, mainly hidden by engine noise. The introduction of electric vehicles and their significantly lower propulsion noise emission allow assessing tire-road noise with higher accuracy via cruise-by measurements, even at speeds where a combustion engine propulsion system would usually disturb the measurement results. The rolling resistance rating provided by the European Union tire label has been used as the primary selection criterion for potential tires for EVs.

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The global Automotive Tire Aftermarket Market is segmented on the basis of tire type, distribution channel, rim size, and geography. On the basis of By tire type, the global Automotive Tire After market is divided bifurcated into radial and bias. In 2020, the Radial type segment expected to significant a larger market share in the global Automotive Tire Aftermarket. On the basis on distribution channel, the global automotive tire aftermarket market is bifurcated into OES and IAM. In 2020, the OES distribution channel segment expected to holed significant a larger share in the global Automotive Tire After market. On the basis of By Rim rim Size, the global Automotive Tire After market is bifurcated segmented into 13-15, 16-18, 19-21, and More than 21.  In 2020, the 13-15 Rim Size segment expected to holed a significant share in the global Automotive Tire Aftermarket. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for a significant share in the global automotive tire aftermarket market.

However, the global automotive tire landscape is undergoing a rapid technological-driven change. The automotive tire market is experiencing substantial growth rate over the period as the demand of passenger cars, light commercial vehicle, and heavy commercial vehicle is significantly growing worldwide. In the current scenario, the global automotive market is experiencing the significant technological advancement i.e. MaaS. This has resulted in increased adoption of car sharing, taxis, or on-demand services. The need of integrated mobility services and optimization of the system is increasing due to rise in the customers demand for enhanced quality, high reliability, efficient, convenient, and short time period to reach the destination.
APOLLO TIRES LTD; Continental AG; PIRELLI AND C. S.P.A.; Sumitomo Rubber Industries, Ltd.; THE GOODYEAR TIRE AND RUBBER COMPANY; YOKOHAMA RUBBER CO., LTD; ZHONGCE RUBBER GROUP CO. LTD.; NEXEN TIRE AMERICA INC; BRIDGESTONE CORPORATION; and MICHELIN are among the major companies operating in the automotive tire aftermarket market.

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