The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
Global Tire Market: Segment Analysis.
The research report includes specific segments by region (country), by company, by vehicle type, radial and bias, end-user and distribution channel. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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Global tire market size is projected to grow at a CAGR of 5.2% during 2021-2026. This report focuses on tire volume and value at the global level, regional level and country level. From a global perspective, this report represents overall tire market size by analyzing historical data from 2016-2020 and future prospect from 2021-2026. Regionally, this report focuses on several key regions: Asia-Pacific, North America, Europe, South America and Middle East and Africa.
Segment by Vehicle Type
Passenger Car
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two-Wheeler
Three-Wheeler
Off the Road Vehicles
Segment by Radial Vs Bias
Radial Tires
Bias Tires
Segment by End-User
OEM
Replacement
Segment by Distribution Channel
Online
Offline
Regional Analysis
The report has been prepared after analyzing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political factors of ?the particular region and country. The team have closely analyzed the data of revenue, production, and manufacturers of each region. This section analyses region and country wise data for the historical and forecast period. These analyses will help the reader to identify the key regions/countries as potential worth of investment in the coming years.
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Breakup by Region:
North America
United States
Canada
Mexico
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Europe
Germany
France
United Kingdom
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Columbia
Chile
Rest of South America
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Nigeria
Rest of Middle East and Africa
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The reader will get an updated information on the global revenue of manufacturers, product portfolio, recent development and expansion plans during the forecast period.
The major players in the market include Goodyear Tire & Rubber Company, Bridgestone Corporation, Compagnie G?n?rale des ?tablissements Michelin SCA, Continental AG, Hankook Tire & Technology Co. Ltd., Sumitomo Rubber Industries, Ltd. among others.
Highlight the Following Key Factors:
- Business Description: a particular description of agency operations and enterprise departments.
- Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
- SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The development of predominant occasions associated to the company.
- Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
- Main Competitors: A listing of the company’s fundamental competitors.
- Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
- Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
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