MarkNtel Advisors recently published a detailed industry analysis of the Global China Tire Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global China Tire Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The China Tire Market is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2022-27.
What are the major Driver the Global China Tire industry?
Low Production Cost of Tires & a Substantial Export Business- Since China has a low production cost for tires & continuous sales of passenger vehicles, the demand for tires is extensive in the country & attracting several prominent tire manufacturers to enter the tire industry. Additionally, the upliftment of foreign investments in manufacturing passenger vehicles and the massive export business of China also drive the China Tire Market.
Key Findings in Global China Tire Market:
- Historical Analysis: 2017 –2020
- Base Year: 2021
- Forecast Period: 2022-2027
Leading Market Players- Kumho, Hangzhou Zongche, Prinx, Double Coin, Cheng Shin, Hankook, Traingle, Sailun Jinyu, Giti Tire, and Aelous Tyre Co. Ltd
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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What segments define the Global China Tire Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Buses & Trucks
- Medium & Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
- Three Wheeler
According to report, Of them all, Passenger Cars dominated the China Tire Market with the largest share in recent years.
By Demand Category
- OEM
- Replacement
According to report, Amongst both demand categories, Replacement acquired the largest share of the China Tire Market, and the same trend is likely to be followed in the coming years.
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”
Explore the Complete Global China Tire Market Analysis Report – https://www.marknteladvisors.com/query/request-customization/china-tire-market.html
Geographical Analysis: Global China Tire Market
By Region
- North East & East
- North & North West
- South West & South Central
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global China Tire?
- How is the Global China Tire expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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