China Tire Market 2022-2027: Share, Size, Industry Analysis, Growth Drivers, Innovation, and Future Outlook

The China Tire Market is expected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2022-27. MarkNtel Advisors’ recently published versions of the study on the China Tire Industry (2022-2027) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.

Essential Parameters

• Timefrvame and Metrics
• Historical Period: 2017-20
• Base Year: 2021
• Forecast Years: 2022-2027
• Units: USD Million/Billion
• Our goal is to offer clients with relevant and up-to-date information. To achieve this, our skilled analysts and researchers conduct thorough studies on the industry.
• Before creating a roadmap or checklist for the research report, we seek to understand the client’s perspective and objectives.
• The figures in our reports are tailored with input from industry experts, ensuring our reports are comprehensive solutions for clients.
• We use both primary and secondary research approaches to gather unbiased and comprehensive market information.

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Escalating Demand for High-Performance Tires

The mounting inclination of people toward sports vehicles, coupled with the rising popularity of driving on challenging terrains, are instigating automakers to manufacture high-capacity vehicles like crossovers, compact SUVs, etc. It, in turn, is generating growth opportunities for the leading players in the tire industry to manufacture high-performance tires, principally for delivering robust grips, minimal rolling resistance, reduced tread wear & improved traction, among others.

Analyzing the Segmentations for the China Tire Market

Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:

By Type of Vehicles

-Passenger Car

-Light Commercial Vehicle

-Buses & Trucks

-Medium & Heavy Commercial Vehicles

-Off the Road (OTR)

-Two Wheelers

-Three Wheeler

By Demand Category

-OEM

-Replacement

By Type of Tire

-Radial

-Bias

By Sales Channel

-Dealer/Exclusive Outlets

-Online

-Others

By Season

-All season

-Winter

By Price Category

-Low (Up to USD90)

-Medium (USD91-USD140

-High (Above USD140)

By Rim Diameter

-Up to 12”

-12.1” to 15”

-15.1.” to 18”

-18.1” to 20”

-20.1” to 22.5”

-22.6” to 26”

-26.1” to 35”

-35.1” to 47”

-Above 47”

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Exploring the Geographical Landscape of the China Tire Industry

Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:

-North East & East

-North & North West

-South West & South Central.

Do You Know Who are the Leading Companies in the China Tire Market?  

Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the China Tire Market companies:

-Kumho

-Hangzhou Zongche

-Prinx

-Double Coin

-Cheng Shin

-Hankook

-Triangle

-Sailun Jinyu

-Giti Tire

-Aelous Tyre Co. Ltd.

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Key Questions Addressed in the China Tire Market Research Report:

• What is the estimated size, share, and CAGR of the China Tire Market in the forecast period?
• What are the key trends projected to impact the China Tire Market during 2022-2027?
• What are the different segments & sub-segments considered in the China Tire Market research study?
• Who are the key stakeholders and players participating in the China Tire Market?
• What are the major aspects creating opportunistic arena for the China Tire Market?
• What would be the demand for different types of products/services in the China Tire Market through 2027?
• What all factors would create challenge for the China Tire Industry growth?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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