Global Automotive Racing Tire Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Automotive Racing Tire Market.
Companies Mentioned are Bridgestone, Pirelli, The Goodyear Tire & Rubber Company, Continental, Hankook Tire, and Michelin.
Other Prominent Vendors in the market are: Cooper Tire and Rubber Company, Kumho Tire, Toyo Tire & Rubber, and Yokohama Rubber.
The global Automotive Racing Tire market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
This independent 99 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the Automotive Racing Tire market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Automotive Racing Tire in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.
The report provides a basic overview of the Automotive Racing Tire industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Automotive Racing Tire industry development trends and marketing channels are analyzed.
The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Automotive Racing Tire on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Automotive Racing Tire Market and assist manufacturers and investment organization to better grasp the development course of Automotive Racing Tire Market.
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is use of bio-oils in racing tire manufacturing process. Oils are important raw materials in tire manufacturing, and the three types of commonly used oils are paraffinic, aromatic, and naphthenic. Racing tire manufacturers have also begun using eco-friendly raw materials. Yokohama, a prominent vendor, has started using oils that are extracted from orange peels in their racing car models.”
According to the report, one of the major drivers for this market is growing popularity of racing events in developing economies. Automotive racing is primarily concentrated in the US and other countries such as Germany, Italy, France, Spain, Japan, and the UK. The growing popularity of the sport in emerging markets, like China, and India as drawn more investments in various racing championships in these countries. Many Indian companies, like Reliance and Mahindra, are looking forward to sponsor teams for international events like Grand Prix and F1 to tap into the growing popularity of these championships in the country.
Further, the report states that one of the major factors hindering the growth of this market is precision in manufacturing of racing tires leading to high complexity. Automotive racing is a luxurious sport. The racing tires that are used are made of superior rubber and are priced at a premium. The tires use raw materials like styrene-butadiene and polybutadiene rubber, which are more expensive than conventional tire materials like natural rubber and nylon. They are specifically designed for racing and undergo many speed and durability tests to provide reliability. The additional quality tests significantly increase the cost of the tires.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.