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Lucintel’s Analysis of Top Five Global Automotive Tire Manufacturing Industries: Automotive Tire Market Expected to Reach $188 Billion by 2017.
Irving, Texas (PRWEB) December 08, 2012
The global automotive tire industry, after witnessing moderate growth during the last five years, is expected to reach an estimated $188 billion in 2017 with a CAGR of 4.1% over the next five years. The passenger car segment is forecast to experience the highest growth during 2012-2017. With improvement in economic conditions and increased vehicle production, good growth potential in the heavy truck tire segment is anticipated worldwide.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the top five global automotive tire manufacturing companies and presents its findings in “Top Five Global Automotive Tire Manufacturing Companies: Performance, Strategies, and Competitive Analysis”. The report makes a comparative analysis of the subject companies, their geographic footprints, financial metrics, market performance, marketing and corporate strategies, and presents a SWOT analysis.
The global automotive tire industry holds significant opportunities for industry players due to strong demand for replacement tires and increasing sales of passenger vehicles in developing countries. In 2011, Bridgestone Corporation earned the highest gross profit among the top five competitors, while Michelin SCA achieved the highest net profit. Pirelli & C. SpA depicted the highest revenue growth followed by Continental AG.
Lucintel’s analysts have identified that a loyal customer base and a strong global presence are the two major drivers of these companies. Stringent government standards and environmental legislation, in addition to the global financial slowdown, have affected the rubber and tire industry and could have a negative impact on the market dynamics.
In this study, Lucintel thoroughly profiles the following five companies with detailed competitive assessments:
The market research report provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders. The report helps current suppliers realistically assess their capabilities and strategies versus leading competitors. It is designed to provide executives with strategically significant competitor information, data, analysis, and insight, critical to the development and implementation of effective marketing and sales plans.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed,growth insight, and cost efficiency.
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