The Automotive High Performance Tires market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
High-performance tires offer for sport performance, agile handling, higher speed capabilities. They feature a softer rubber compound for improved traction, especially on high speed cornering. The trade off of this softer rubber is shorter tread life.
Growing popularity of diverse racing competitions is majorly driving the market.
Automotive high-performance tires are expected to play a significant part in Latin America tires markets, although the demand for normal passenger cars exceeds the demand for luxury sport-utility vehicles in this region.
As the report focuses on global Automotive High Performance Tires market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Bridgestone
Continental
Cooper Tires
Goodyear Corporate
Kumho Tire
Sumitomo
Yokohama Rubber
Hankook
Madras Rubber Factory
Michelin Group
Dunlop Tires
Market Segment by Product Type
Racing Slicks
Tread Tires
Market Segment by Application
Racing Vehicles
Passenger Vehicles
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Automotive High Performance Tires market for the forecast period 2020 - 2025?
• What are the driving forces in the Automotive High Performance Tires market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Automotive High Performance Tires industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?