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Asia Pacific Tire Market to 2023: Market is Forecast to Grow at a CAGR of 8.75%
  By PR Newswire

DUBLIN, Oct 12, 2018 /PRNewswire/ --

The "APAC Tire Market By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle & Others), By Demand Category, By Radial Vs. Bias, By Country, Competition Forecast & Opportunities, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

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Asia Pacific tire market is forecast to grow at a CAGR of 8.75% during 2018-2023



Growth in the market is expected to be driven by increasing vehicle sales across all vehicle categories coupled with constantly expanding vehicle fleet in the region. Replacement segment continues to dominate demand for tires in the region.

Moreover, presence of major automotive OEMs such as Ford, Hyundai, Honda, Mahindra, Maruti Suzuki, TATA, BMW, etc., is propelling OEM tire demand in Asian countries.

Additionally, rising per capita income and anticipated increase in new vehicle launches are few of the other factors expected to drive APAC tire market over the next five years.


APAC Tire Market, 2013-2023 discusses the following aspects of tire market in APAC:

  • Tire Market Size, Share & Forecast
  • Segmental Analysis - By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle & Others), By Demand Category, By Radial Vs. Bias, By Country
  • Competitive Analysis
  • Changing Market Trends & Emerging Opportunities

Why You Should Buy This Report?

  • To gain an in-depth understanding of tire in APAC
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, tire distributor, distributors and other stakeholders align their market-centric strategies
  • To obtain research-based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. APAC Tire Production Overview

4. APAC Tire Market Outlook

For more information about this report visit https://www.researchandmarkets.com/research/zh3cq5/asia_pacific_tire?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

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Cision View original content:http://www.prnewswire.com/news-releases/asia-pacific-tire-market-to-2023-market-is-forecast-to-grow-at-a-cagr-of-8-75-300730136.html

SOURCE Research and Markets

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