Racing tires form a sub segment of the automotive tire ecosystem. It is categorized into racing tread and racing slick tires. Racing slick tires have a smooth outer surface, while racing tread tires have tread patterns that enable water to escape from beneath the tire and prevent aquaplaning. Racing tread tires dominate the market owing to their performance in wet conditions.
Technavio’s analysts forecast the global automotive racing tire market to grow at a CAGR of 16.18% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global automotive racing tire market for 2017-2021. To calculate the market size, the report considers the shipment of racing tires across the world.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Automotive Racing Tire Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Bridgestone • Pirelli • The Goodyear Tire & Rubber Company • Continental • Hankook Tire • Michelin
Other prominent vendors • Cooper Tire and Rubber Company • Kumho Tire • Toyo Tire & Rubber • Yokohama Rubber
Market driver • Growing popularity of racing events in developing economies • For a full, detailed list, view our report
Market challenge • Precision in manufacturing of racing tires leading to high complexity • For a full, detailed list, view our report
Market trend • Use of bio-oils in racing tire manufacturing process • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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 market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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