Dallas, Texas (PRWEB) May 12, 2014
The main trend witnessed in the Global Racing Tires is the increasing use of multi-zone treads in tires. The Goodyear Tire & Rubber Co introduced single right side tires that have two discrete tread compounds. The company initially developed the technology for passenger cars, but then redesigned it for racing cars v. The potential of this technology has helped it to gain immense popularity in all geographies.
According to the report, the Global Racing Tire market is driven by several factors, the main one being the increase in the popularity of different types of automotive racing across all geographies. Popular racing events such as Formula One, NASCAR, and motorbike races attract the majority of sponsorships and promotional activities. These racing events have led to the introduction of various motorsport competitive racing events with different types of vehicles such as SUVs, SVTs and dirt bikes.
This report covers the present scenario and the growth prospects of the Global Racing Tire market for the period 2014-2018. The market considers the revenue generated from the sales of tires used only for racing. It presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. It discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Global Racing Tire Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions. The report also includes a discussion of the key vendors operating in this market.
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- Bridgestone Corp.
- Compagnie Générale des Établissements Michelin SCA
- Continental AG
- Goodyear Tire and Rubber Co.
- Pirelli & C. SpA
Other Prominent Vendors
- Alliance Tire Group
- Apollo Tires Ltd.
- Cooper Tire and Rubber Co.
- Hangzhou Zhongce Rubber Co. Ltd.
- Hankook Tire Co. Ltd.
- Kumho Tire Co.
- Maxxis International GmbH
- McCreary Tire and Rubber Co.
- Nokian Tires plc
- Sumitomo Rubber Industries Ltd.
- Toyo Tire & Rubber Co.
- Yokohama Rubber Co. Ltd.
- Growing Popularity of Diverse Varieties of Racing.
- Market Is Focused on Limited Range of End-users.
- Increased Usage of Multi-zone Tread.
Further, the report states that the Global Racing Tire market is a niche market. As racing tires cannot be used for anything but racing purposes, it restricts their sale to other end-user segments. The absence of other end-user groups curtails market growth.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Racing Tire Market 2013-2018 (US$ billion)
Exhibit 3: Global Racing Tire Market by Geographical Segmentation 2013
Exhibit 4: Business Segmentation: Bridgestone Corp.
Exhibit 5: Revenue Segmentation: Bridgestone Corp. by Business Segment 2013
Exhibit 6: Revenue Segmentation: Bridgestone Corp. by Geography 2013
Exhibit 7: Business Segmentation: Michelin
Exhibit 8: Revenue Segmentation: Michelin by Products 2013
Exhibit 9: Revenue Segmentation: Michelin by Geography 2013
Exhibit 10: Business Segmentation: Continental AG
Exhibit 11: Revenue Segmentation: Continental AG by Geography 2013
Exhibit 12: Revenue Segmentation: Continental AG by Business Segment 2013
Exhibit 13: Revenue Segmentation: Automotive Group by Geography 2013
Exhibit 14: Revenue Segmentation: Rubber Group by Geography 2013
Exhibit 15: Business Segmentation: Goodyear Rubber and Tyre Co.
Exhibit 16: Annual Unit Sales: The Goodyear Tire & Rubber Co. by Geography 2013
Exhibit 17: Annual Tire Unit Sales: The Goodyear Tire & Rubber Co. by Customer Segmentation on 2013
Exhibit 18: Business Segmentation: Pirelli & C. SpA
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