Research and Markets: European All-Season Tire Market 2014-2018: Bridgestone, Continental, Hankook, Pirelli & Goodyear Dominate the Industry
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/txpmbk/allseason_tire) has announced the addition of the "European All-Season Tire Market 2014-2018: Bridgestone, Continental, Hankook, Pirelli & Goodyear Dominate the Industry" report to their offering.
“European All-Season Tire Market 2014-2018: Bridgestone, Continental, Hankook, Pirelli & Goodyear Dominate the Industry”
The increasing demand for tires with longer life is one of the major trends witnessed in the All-season Tire market in Europe. All-season tires generally provide a longer life when compared to tires specifically used in other seasons, especially during winters. Winter tires are usually made with softer rubber, which tends to get worn out at a faster rate than all-season tires. As vehicle owners expect tires to have a long life-expectancy, there is a higher demand for all-season tires. Moreover, vehicle owners prefer all-season tires since they can save costs compared to other tires with a shorter life.
According to the report, one of the major drivers in this market is the cost savings achieved with the usage of all-season tires. End-users across Europe prefer to use all-season tires rather than using different tires for different seasons. This helps vehicle owners to save costs since they do not have to change tires every season. This is in turn is promoting the usage of all-season tires, thereby boosting the growth of the All-season Tire market in Europe.
Further, the report states that one of the major challenges in this market is the lower performance of all-season tires compared to winter tires. Although all-season tires facilitate mobility on snowy roads, they are not the best option for vehicles during the winter season. This difference in performance between all-season tires and winter tires is due to the tread design, which is wider in winter tires and narrower in the case of all-season tires. This can have a negative impact on the growth of the market in the near term.
Key vendors dominating this space include:
- Apollo Vredestein B.V.
- Bridgestone Corp.
- Continental AG
- Hankook Tire Worldwide Co. Ltd.
- Nokian Tyres plc
- Pirelli & C. S.p.A.
The Goodyear Tire and Rubber Co
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by End-users
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/txpmbk/allseason_tire