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Global High-performance Tires Market to reach USD 48.17 billion by 2027.

Global High-performance Tires Market Size study, by Tire type (Racing Slick, Tread Tire, Other Tire Types) by Sales Type (OEM, Replacement/Aftermarket) by (Racing Cars, Off-road Vehicles) and Regional Forecasts 2021-2027

Product Code: ALTAMC-57738308
Publish Date: 12-10-2021
Page: 200

The global high-performance tires growth is projected to develop at a healthy rate of more than 6.5 percent between 2021 and 2027, with a market value of almost USD 31 billion in 2020.High-performance tires are made to provide dynamic control, fast response, and excellent grip to prevent friction. Increasing in the wear and tear of rubber tires and increasing racing competitions are factors contributing to the market growth. For instance: according to Statista, the volume of the sports cars is expected to rise to 8,581,000 units, by the year end 2025. Whereas the worth of the sports car is expected to rise to USD 59,332 Million, by the year end 2025. However, reduction in the production and supply due to COVID-19 Pandemic and low maintenance and reduced tire replacements, due to people staying in there houses, impede the growth of the market over the forecast period of 2021-2027. Also, growing technological innovations and increasing investment in the high-performance tires market is likely to boost the market growth in the forecast period.

The regional analysis of global high-performance Tires market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation, Europe is the significant region in terms of largest market share, across the world owing to increasing demand of racing cars. Whereas, North America is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rapid technological advancements would create lucrative growth prospects for the High-performance Tires market across North America region.

Major market player included in this report are:
Bridgestone Corporation
Yokohama Rubber Co. Ltd
Sumitomo Rubber Industries Ltd
Pirelli & C. SpA
MRF Limited
Kumho Tire Co. Inc.
Hankook Tire & Technology Co. Ltd
Goodyear Tire & Rubber Company
Continental AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By tyre type:
Racing Slick
Tread Tire
Other Tire Types
By Sales Channel type:
By Vehicle type:
Racing Cars
Off-road Vehicles
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global High-performance Tires Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. High-performance Tires Market, by region, 2019-2027 (USD Billion)
1.2.2. High-performance Tires Market, by Tire Type, 2019-2027 (USD Billion)
1.2.3. High-performance Tires Market, by Sales Channel Type, 2019-2027 (USD Billion)
1.2.4. High-performance Tires Market, by Vehicle Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global High-performance Tires Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global High-performance Tires Market Dynamics
3.1. High-performance Tires Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing wear and tear of easy rubber tires Increasing racing competitions
3.1.2. Market Challenges Reduction in the production and supply due to COVID-19 Pandemic Low maintenance and reduced tired replacements
3.1.3. Market Opportunities Increasing technological innovations Increasing investments in the high-performance tires market
Chapter 4. Global High-performance Tires Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global High-performance Tires Market, by Tire Type
5.1. Market Snapshot
5.2. Global High-performance Tires Market by Tire Type, Performance – Potential Analysis
5.3. Global High-performance Tires Market Estimates & Forecasts by Tire Type 2018-2027 (USD Billion)
5.4. High-performance Tires Market, Sub Segment Analysis
5.4.1. Racing Slick
5.4.2. Tread Tire
5.4.3. Other Tire Types
Chapter 6. Global High-performance Tires Market, by Sales Channel Type
6.1. Market Snapshot
6.2. Global High-performance Tires Market by Sales Channel Type, Performance – Potential Analysis
6.3. Global High-performance Tires Market Estimates & Forecasts by Sales Channel Type 2018-2027 (USD Billion)
6.4. High-performance Tires Market, Sub Segment Analysis
6.4.1. OEM
6.4.2. Replacement/Aftermarket
Chapter 7. Global High-performance Tires Market, by Vehicle Type
7.1. Market Snapshot
7.2. Global High-performance Tires Market by Vehicle Type, Performance – Potential Analysis
7.3. Global High-performance Tires Market Estimates & Forecasts by Vehicle Type 2018-2027 (USD Billion)
7.4. High-performance Tires Market, Sub Segment Analysis
7.4.1. Racing Cars
7.4.2. Off-road Vehicles
Chapter 8. Global High-performance Tires Market, Regional Analysis
8.1. High-performance Tires Market, Regional Market Snapshot
8.2. North America High-performance Tires Market
8.2.1. U.S. High-performance Tires Market Tire Type breakdown estimates & forecasts, 2018-2027 Sales Channel Type breakdown estimates & forecasts, 2018-2027 Vehicle Type breakdown estimates & forecasts, 2018-2027
8.2.2. Canada High-performance Tires Market
8.3. Europe High-performance Tires Market Snapshot
8.3.1. U.K. High-performance Tires Market
8.3.2. Germany High-performance Tires Market
8.3.3. France High-performance Tires Market
8.3.4. Spain High-performance Tires Market
8.3.5. Italy High-performance Tires Market
8.3.6. Rest of Europe High-performance Tires Market
8.4. Asia-Pacific High-performance Tires Market Snapshot
8.4.1. China High-performance Tires Market
8.4.2. India High-performance Tires Market
8.4.3. Japan High-performance Tires Market
8.4.4. Australia High-performance Tires Market
8.4.5. South Korea High-performance Tires Market
8.4.6. Rest of Asia Pacific High-performance Tires Market
8.5. Latin America High-performance Tires Market Snapshot
8.5.1. Brazil High-performance Tires Market
8.5.2. Mexico High-performance Tires Market
8.6. Rest of The World High-performance Tires Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Bridgestone Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Yokohama Rubber Co. Ltd
9.2.3. Sumitomo Rubber Industries Ltd
9.2.4. Pirelli & C. SpA
9.2.5. MRF Limited
9.2.6. Michelin
9.2.7. Kumho Tire Co. Inc.
9.2.8. Hankook Tire & Technology Co. Ltd
9.2.9. Goodyear Tire & Rubber Company
9.2.10. Continental AG
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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