Scope of the Study
A tire is a rubber cushion that fits around a wheel and usually contains compressed air. The companies are focusing on sale tires online due to the growing e-commerce industry. Various specifications in the tires make it difficult for customers to evaluate the cost. E-commerce platform helps customers to solve this problem by making it easy to compare different tires and prices at the same time.
The market study is being classified by Type (Touring, Performance, Summer, Track and Competition, Highway, All-Terrain and Mud-Terrain), by Application (Passenger Cars, Commercial Vehicle, Two Wheeler and Three-wheeler) and major geographies with country level break-up.
Michelin (France), Bridgestone (Japan), BF Goodrich (United States), MRF (India), Goodyear (United States), Hankook (South Korea), Pirelli (Italy), Toyo Tire & Rubber Company (Japan), Sumitomo (Japan) and Triangle Tires (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Continental (Germany), Dunlop Tyres (United States), Kumho Tire (South Korea) and Yokohama (Japan).
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Online Tire market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Online Tire market by Type, Application and Region.
On the basis of geography, the market of Online Tire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Company Website will boost the Online Tire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Demand for Tires
- Helps To Reach Out Consumers without Launching Stores
- Low Pricing Strategy and Multiple Online Offers
- Changing Consumer Buying Behavior
- Lack of Touch and Feel of the Product
- Growing E-Commerce Industry Worldwide
- Increasing Penetration Rate of Internet
- Frauds in Online Shopping
Market Leaders and their expansionary development strategies
On 11th March 2019, Michelin Group has completed the acquisition of 88% control of Indonesian tire market P.T. Multistrada Ara Sarana Tbk., producer and marketer of the Achilles and Corsa brands as well as a number of private brands. The deal provides Michelin with an annual capacity of more than 180,000 metric tons of production and strengthens its presence in the fast-growing Indonesian market.
Key Target AudienceTire Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase