DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automotive Racing Slicks Market 2016-2020" report to their offering.
The report forecasts the global automotive racing slicks market to grow at a CAGR of 18.43% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Recycling of used tires has been a major trend in the tire market. Racing tires are also not far behind. NASCAR inked an agreement with Liberty Tire Recycling to become the official tire recycler for the NASCAR Green project. Each year, approximately 120,000 Goodyear tires used in the top-three national series of NASCAR are recycled.
Other racing series such as F1 are also following suit, making this a major emerging trend in the market. Increasing the volumes of recycled rubber can reduce environmental pollution; such recycling transforms tires into sustainable products such as rubberized asphalt. This is used extensively to pave roads.
- What will the market size be in 2020 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 strengths and weaknesses of the key vendors?
- Cooper Tire and Rubber Company
- Kumho Tire
- Toyo Tire & Rubber
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end users
PART 07: Market segmentation by vehicle racing
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Market challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
PART 15: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/pmx2xc/global_automotive