DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qj4wjn/global_premium) has announced the addition of the "Global Premium Tires Market 2014-2018 with Bridgestone, Michelin, Continental, Goodyear & Pirelli Dominating" report to their offering.
The Global Premium Tire market will grow at a CAGR of 9.72 percent over the period 2013-2018.
There is a significant rise in the demand for premium; customers are increasingly focused on safe driving and better drive quality. The gradual shift towards premium tires from traditional tires has also accelerated the growing popularity of high-end vehicles.
According to the report, the growing focus of consumers on tire quality and fuel efficiency is the main factor. Premium tires are high quality and durable in comparison to low-cost tires and consumers in developed economies prefer high-quality tires despite the premium pricing.
Further, the report states that the main challenge faced by the Global Premium Tire market is the high pricing of premium tires. Premium tires undergo several speed and durability tests and are priced high compared to other commercial tires. However, a low-cost tire may still be preferred to a premium tire, which costs almost double the price, especially for replacement.
The premium tires covered in the report are:
- Tires by speed code W (168-186 mph), Y (186 mph), and Z (more than 186 mph)
- Run-flat tires
- SUV and winter tires with speed codes higher than H (130 mph)
- Motorsport tires
Key Vendors
- 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.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/qj4wjn/global_premium