Global Automotive Winter Tire Market 2017-2021

NEW YORK, July 5, 2017 /PRNewswire/ -- Winter tires are designed to be used in cold weather and in snowy and icy pavements. These tires have a larger gap tread for increasing traction on snow and mud. Winter tires are an ideal fitment in regions having temperature below 45 F, thereby increasing their adoption in the automotive industry. The developments in rubber technologies have led to the development of studless winter tires.

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Technavio's analysts forecast the global automotive winter tire market to grow at a CAGR of 4.36% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive winter tire market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas
  
• APAC
  
• EMEA

Technavio's report, Global Automotive Winter Tire Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Bridgestone
• Continental
• Goodyear Tire & Rubber Company
• Hankook
• Michelin
• Pirelli

Other prominent vendors

• Dunlop
• Giti Tire
• Nokian Tyres
• Toyo Tire & Rubber Company

Market driver

• Discounts offered on insurance premium, driving adoption of winter tires
•  For a full, detailed list, view our report

Market challenge

• Prohibition of winter tires in certain regions may impact volume sales
• For a full, detailed list, view our report

Market trend

• Bio-oil-based formulation in manufacturing process of winter tires
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Read the full report: http://www.reportlinker.com/p04973871/Global-Automotive-Winter-Tire-Market.html

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