Global Automotive Tire Market Trends and Forecasts 2015-2019 with Bridgestone, Continental, Goodyear, Michelin & Pirelli Dominating the $666 Million Industry

DUBLIN, May 27, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/m94qn6/automotive_tire) has announced the addition of the "Automotive Tire Market by Type, Section Width, Aspect Ratio, and Aftermarket - Global Trends and Forecast to 2019" report to their offering. 

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The automotive tire market size, in terms of volume, is projected to grow at a CAGR of 5.9% from 2014 to 2019, to reach 666.6 million units by 2019. 

The global automotive tire market size, in terms of volume, is projected to reach 666.6 million units by 2019. The market for automotive tires is estimated to be the largest in Asia-Oceania, which held a market share of about 53.7% in 2014. China is the key contributor to the growth of automotive tire market in the Asia-Oceania region. 

The global demand for automotive tires is driven by the high demand for green tires, increasing level of tire radialization, and growing demand for light passenger and heavy-duty vehicles. North America holds the second largest share in the automotive tire market. The major contributors to this market are the U.S., Canada, and Mexico which have high vehicle production. 

Eastern European and North American countries such as Mexico are potential markets owing to increasing production capacity. The automotive tire market is growing substantially in Asia-Oceania and RoW due to growing vehicle production and increasing radialization. 

The global automotive tire market is dominated by major players such as Bridgestone Group (Japan), Continental Group (Germany), Goodyear Tire & Rubber Company (U.S.), Michelin Group (France), and Pirelli & C. S.p.A (Italy). 

Key Topics Covered: 

1 Introduction 

2 Research Methodology 

3 Executive Summary 

4 Premium Insights 

5 Market Overview 

6 Global Automotive Tire Market, By Aspect Ratio 

7 Global Automotive Tire Market, By Section Width 

8 Global Automotive Tire Market, By Type (Radial & Bias) 

9 Global Automotive Tire Aftermarket 

10 Competitive Landscape 

11 Company Profiles 

- Bridgestone Corporation 
- Continental Group 
- Cooper Tires 
- Goodyear Tire and Rubber Company 
- Hankook Tire Co. Ltd. 
- Michelin Group 
- Pirelli & C.S.P.A 
- Sumimoto Rubber Industries 
- Toyo Tire and Rubber Company 
- Yokohama 

For more information visit http://www.researchandmarkets.com/research/m94qn6/automotive_tire

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

SOURCE Research and Markets