Tire market is projected to grow at a CAGR of over 10% by 2023

LONDON, April 12, 2018 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5376454

According to "China Tire Market By Vehicle Type, By Demand Category, By Radial Vs, Bias, By Rim Size, By Price Segment, Competition Forecast and Opportunities, 2013-2023", tire market is projected to grow at a CAGR of over 10% by 2023 in China.Rising automobile sales and increasing per capita income are the major factors boosting demand for tires across the country.

China's vehicle fleet size witnessed a radical increase during the past decade, which has been driving tire demand in the country.Moreover, ongoing development in both urban as well as rural areas and significant improvement in road infrastructure have been driving the expansion of automobile as well as the country's tire market over the years.

Some of the major players operating in China tire industry are: Hangzhou Zhongce Rubber Co. Ltd., GITI Tire (China) Investment Company Ltd., Sailun Jinyu Group Co. Ltd., Kumho Tire Co. Ltd., Triangle Tire Co. Ltd., Hankook Tire China Co. Ltd., Double Coin Holdings Ltd., Cheng Shin Rubber (China) Co. Ltd., Aelous Tyre Co. Ltd, and Prinx Chengshan (Shandong) Tire Company, among others.

"China Tire Market By Vehicle Type, By Demand Category, By Radial Vs, Bias, By Rim Size, By Price Segment, Competition Forecast and Opportunities, 2013-2023", discusses the following aspects of tire market in China:
•Tire Market Size, Share & Forecast
•Segmental Analysis – By Vehicle Type (PC, Two-wheeler, M&HCV, LCV, OTR, Three-wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs, Bias, By Rim Size, By Price Segment
•Competitive Analysis
•Changing Market Trends & Emerging Opportunities

Why You Should Buy This Report?
•To gain an in-depth understanding of tire market in China
•To identify the on-going trends and anticipated growth in the next five years
•To help industry consultants, tire manufacturers, 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
•To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

Report Methodology
The information contained in this report is based upon both primary and secondary research.Primary research included interaction with tire manufacturers, distributors and industry experts.

Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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