Global Vehicle Radial Tire Market Overview:
Radial Tire refers to vehicular tire in which cord plies are arranged radially or at 90 degrees to the direction of travel. Radial tire market has high growth prospects owing to rise in focus of market players on technological developments. For instance, Alliance Tire Americas released a new, very high flexion (VF) radial which can operate at inflation pressures as low as 15 psi in addition with steel belts and a stubble-resistant rubber compound to reduce the risk of stalk damage to broaden its popular 381 series implement tire, the Alliance Agriflex+ 381. Further, increasing sales of automobiles and rise in demand from emerging economies expected to drive the demand for radial tire over the forecasted period.
- Increasing Sales of Automotive
- Rise in Demand of Tires with Flexible Sidewall for Comfortable Ride
- Emphasizing On the Technological Development in the Manufacturing Process of Radial Tire
- Fluctuating Raw Material Prizes
- Increasing Demand from the Emerging Economies Owing to Growth in Automobile Industry
- Rising Demand of Radial Tires for Commercial Vehicles
- Concerns Related With Bulging Of Sidewalls
Some of the key players profiled in the report are Bridgestone Corporation (Japan), Continental AG (Germany), Pirelli & C. S.p.A (Italy), Michelin (France), The Goodyear Tire & Rubber Co. (United States), Sumitomo Rubber Industries, Ltd. (Japan), Madras Rubber Factory Limited (India), The Yokohama Rubber Co. Ltd. (Japan), JK Tire & Industries Ltd. (India) and CEAT Ltd. (India). Additionally, following companies can also be profiled that are part of our coverage like Sumitomo Rubber Industries (Japan), Zhongce Rubber Group Co., Ltd. (China), Nokian Tyres (Finland), Hankook (South Korea) and Maxxis (Taiwan). Analyst at AdvanceMarketAnalytics see Japan Vendors to retain maximum share of Global Vehicle Radial Tire market by 2024. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Vehicle Radial Tire market. Considering Market by Sales Channel, the sub-segment i.e. Original Equipment Manufacturer will boost the Vehicle Radial Tire market.
9th May 2019, Alliance Tire Group a tire manufacturing company which is fully owned subsidiary of The Yokohama Rubber Co, launched radial OTR range under its brand Galaxy which offer better performance, excellent stability and optimal traction, sturdy construction with customised tread designs, minimum heat build-up, strong carcass protection and superior cut resistance and reduced downtime.
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 provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vehicle Radial Tire market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vehicle Radial Tire market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Radial Tire, Manufacturers of Sub-components, Retailers, Distributors, and Wholesalers of Radial Tire, Governmental Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.