LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive racing tire market and it is poised to grow by 15.5 million units during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bridgestone Corp., Continental AG, Cooper Tire and Rubber Co., Hankook Tire Co. Ltd., Kenda Rubber Industrial Co. Ltd., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, THE GOODYEAR TIRE & RUBBER CO., and Yokohama Rubber Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing popularity of racing events in emerging economies has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Racing Tire Market 2020-2024: Segmentation
Automotive Racing Tire Market is segmented as below:
- Auto Racing
- Motorcycle Racing
- North America
- South America
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Automotive Racing Tire Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive racing tire market report covers the following areas:
- Automotive Racing Tire Market Size
- Automotive Racing Tire Market Trends
- Automotive Racing Tire Market Analysis
This study identifies an increase in diverse racing segments and new racing formats as one of the prime reasons driving the automotive racing tire market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Racing Tire Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive racing tire market growth during the next five years
- Estimation of the automotive racing tire market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive racing tire market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive racing tire market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Aftermarket - Market size and forecast 2019-2024
- OEMs - Market size and forecast 2019-2024
- Market opportunity by End user
Market Segmentation by Type
- Market segments
- Comparison by Type
- Auto racing - Market size and forecast 2019-2024
- Motorcycle racing - Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Bridgestone Corp.
- Continental AG
- Cooper Tire and Rubber Co.
- Hankook Tire Co. Ltd.
- Kenda Rubber Industrial Co. Ltd.
- Michelin Group
- Nokian Tyres Plc
- Pirelli Tyre Spa
- THE GOODYEAR TIRE & RUBBER CO.
- Yokohama Rubber Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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