Overview of the Global Summer Tire Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Summer Tire Market By Type of Vehicle (Sports Car, SUV/MUV, Light Trucks, Others), By Demand (OEM, Replacement), By Price Category (Budget- Upto USD250 Per unit, Economy- USD251 to 500 Per Unit, Premium- Above USD500 Per Unit), By Sales Channel (Dealer Distributor, Online, Direct Sales), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), The Global Summer Tire Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Summer Tire Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 4%
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A Comprehensive Analysis of Leading Companies of Summer Tire Market by MarkNtel Advisors:
- Bridgestone
- Michelin
- Pirelli
- Continental
- Goodyear
- Kumho
- Hankook
- Toyo
- Yokohama Rubber Co., Ltd
- Nankang Rubber Tire Corp., Ltd.
- Nitto tires
- NEXEN TIRE
- Apollo Tires
- Yokohama
- Sumitomo Rubber
- Nokian
Key Summer Tire Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/global-summer-tire-market-analysis.html
-By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Medium Heavy Commercial Vehicles
- Off-the-Road (OTR) Vehicles
- Two Wheelers
- Three Wheelers
Of all vehicle types, Passenger cars are anticipated to dominate the Global Summer Tire Market with the largest share during 2025-30.
-By Demand Category
- OEM
- Replacement
Here, the aftermarket summer tires are projected to acquire the largest market share through 2030.
-By Price Category
- Budget- Upto USD250 Per unit- Market Size Forecast 2020-2030, Thousand Units
- Economy- USD251 to 500 Per Unit- Market Size Forecast 2020-2030, Thousand Units
- Premium- Above USD500 Per Unit- Market Size Forecast 2020-2030, Thousand Units
-By Sales Channel
- Dealer Distributor- Market Size Forecast 2020-2030, Thousand Units
- Online- Market Size Forecast 2020-2030, Thousand Units
- Direct Sales- Market Size Forecast 2020-2030, Thousand Units
-By Tire Size
- Tire Size 1- Market Size Forecast 2020-2030, Thousand Units
- Tire Size 2- Market Size Forecast 2020-2030, Thousand Units
- Tire Size 3- Market Size Forecast 2020-2030, Thousand Units
- Tire Size 4- Market Size Forecast 2020-2030, Thousand Units
- Tire Size 5- Market Size Forecast 2020-2030, Thousand Units
Geographical Analysis
-By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia Pacific
Amongst all regions globally, Asia-Pacific is expected to dominate the Summer Tires Market with the largest share during 2025-30.
Key Reports Highlights:
- Market Dimensions Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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