Global Winter Tire Market Overview:
According to MarkNtel Advisors study the Global Winter Tire Market is projected to grow at a CAGR of around 5.12% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven mainly by the mounting focus of governments of different countries worldwide on addressing the rising cases of road accidents & imposing stringent norms for the installation of winter tires during the colder months.
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Scope of the Winter Tire Market Report Segmentation
-By Type of Vehicle
- Passenger Car
- Light Commercial Vehicle (LCV)
- Medium & High Commercial Vehicle (MHCV)
- Others
-By OEM Vs Replacement
- By Sales Channel
- Exclusive Stores
- Authorized Dealers or Distributors
- Others
-By Price Category
- Budget
- Economy
- Premium
-By Rim Diameter
- Upto 12”
- 1” to 15”
- 1” to 18”
- 18” to 22.5”
- Above 22.5”
For more detailed information about the Winter Tire market report, click here – https://www.marknteladvisors.com/research-library/global-winter-tire-market-analysis.html
Geographical analysis:
-By Region
- North America
- Europe
- Russia & CIS
- Asia Pacific
Amongst all regions globally, Europe is anticipated to dominate the Winter Tire Market with the largest share during 2022-27. It attributes primarily to different countries across the region with colder temperatures and snow-packed & icy roads during most months.
Finland, Sweden, Estonia, Latvia, Lithuania, Bulgaria, Croatia, Slovenia, and the UK, among others, are the most prominent countries where governments have made it mandatory for vehicle owners to install winter tires. It, in turn, is also generating growth opportunities for the leading players to introduce new varieties of winter tires equipped with different features, budgets, & benefits and, in turn, expand their product portfolio & customer base across the region.
Current Landscape of Winter Tire Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Winter Tire market. The research report profiles major players, including
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- Bridgestone
- Michelin
- Goodyear
- Continental
- Nokian
- Hankook
- Pirelli
- Yokohama
- Sumitomo
- Toyo
- Kumho
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