Performance Tires Market Scope
Performance Tiers are majorly used for sports activities such as racing cars, motorcycles and many more. It provides a clear development of steady improvement in grip, allows better acceleration and also absorbs surface irregularities on the road. All these features are very necessaries to improve the stability, durability, and reliability of the performance tires. These are made up of natural rubber or a combination of both natural and synthetic rubber which helps to provide better performance by the tiers. It gives the owners of sports cars and other vehicles to increase the handling response and traction, particularly in wet and dry conditions. Hence, in many countries, the owners of sports cars are using performance tiers, such as in the United States in 2017 the popularity of performance tires had risen for the eighth consecutive year hence enhancing the industry.
The market study is being classified by Type (High-Performance Tiers (H (130 mph) and V (up to 149 mph)) and Ultra High-Performance Tiers (V (up to 149 mph), Z (more than 149), W (up to 168 mph) and Y (up 186 mph))), by Application (Passenger Tires and Light Truck/SUV Tires) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Performance Tires market throughout the predicted period.
Bridgestone Corporation (Japan), Toyo Tire (Japan), Apollo Tires Ltd. (India), Goodyear Tires (United States), Dunlop Tires (United States), Kal Tire (Canada), Continental Aktiengesellschaft (Germany), Hankook (South Korea), Nizhnekamskshina (Russia), Cooper Tire (United States) and Michelin (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are CEAT Limited (India), Cheng Shin Rubber Ind. Co., Ltd. (Taiwan), JK Tire & Industrie (India), Kenda Rubber Industrial Co., Ltd. (Taiwan) and MRF Limited (India).
AdvanceMarketAnalytics has segmented the market of Global Performance Tires market by Type, Application and Region.
On the basis of geography, the market of Performance Tires 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).
- Growing Popularity of Self-Inflating Tires among Racers is a Key Trend
- Increasing Demand for Fossil-Free Tires
- Increasing Number of Sports Activities Across Globe
- Rising Growth Owing to the Growing Culture of Racing and Touring
- Owing to a Rise in the Different Types of Automotive Racing Competitions
- Racing Competitions Have Witnessed an Increase in a Number of Different Types of Races with Vehicles such as SUVs, Dirt Bikes, Monster Trucks and Many More
- High Cost of Raw Materials
- Issue Related to the Counterfeit Product of Tiers
- Intense Competition between Tire Manufacturers
Key Target AudienceRaw Material Suppliers, Tire Manufactures, Rubber, Chemical, and Equipment Suppliers, Vehicle Services and Tire distributors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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