Lewes, DE -- (SBWire) -- 05/13/2015 --Report forecast the winter tire market in Austria to grow at a CAGR of 1.804 percent over the period 2014-2019.
Winter tires, also referred to as snow tires, cold weather tires, and thermal tires, improve the road safety for vehicles during winter, and thus play an important role in reducing road accidents. These tires are made of soft rubber compared to the all-season or summer tires, which help achieve better grip during winters. Furthermore, the newer generation of winter tires is designed with a more flexible rubber compound that is less prone to stiffening in colder temperatures. Its tread is designed to provide improved traction on wet, slushy, snowy, icy, and dry cold surfaces. Winter tires are fitted in sets of four, because fitting only a pair affects the balance and stability of the automobile. Winter tires are of three types: performance, studded, and non-studded.
This report covers the present scenario and the growth prospects of the winter tire market in Austria for the period 2015-2019. Forecasts and analysis of the market have been done in terms of volume. The market size is calculated on the basis of the unit sales of winter tires in Italy. The market includes the following segments:
- Passenger car winter tires: includes passenger car and utility vehicle tires
- LCV winter tires
- Truck winter tires
- Bus winter tires
According to the report, passenger cars typically account for the majority share of the total vehicle production among all the vehicle segments. Being the biggest segment, passenger cars considerably impact the sales of the tire market in any economy. In the EU (comprising 28 member countries), in particular, an increase in new passenger car sales was observed, in 2014. In fact, to that end, the EU witnessed a surge of 4.5% in the demand for passenger cars in May 2014, except Italy, which witnessed a decline in demand for passenger cars during the month. The rise in demand positively affected the sales figures of key auto manufacturers, such as VW, PSA and Renault in the region.
Winter Tire Market in Austria 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in Winter Tire Market in Austria 2015-2019: Apollo Vredestein BV, Bridgestone Corp., BRISA Bridgestone Sabanci Tire Manufacturing and Trading Inc., Continental AG, Cooper Tire & Rubber Co., Debica SA, Deldo Autobanden NV, Falken Tyre Europe GmbH, Goodyear Dunlop Tyres UK Ltd., Goodyear Dunlop Tires Europe B.V., GT Radial, Hwa Fong Rubber Industries Co. Ltd., Kumho Tire Co. Inc., Maxxis International GmbH, Michelin Corp., Nankang Rubber Tire Corp. Ltd., Nexen Tire Corp., Nokian Tyres Inc., Pirelli Tyre SpA, Rosava Tyres, Sailun Group, Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Co. Ltd., Triangle Group, Vee Rubber Group and Yokohama Rubber Co. Ltd.
Market driver
- Growth in passenger cars segment
- For a full, detailed list, view our report
Market challenge
- Availability of substitutes
- For a full, detailed list, view our report
Market trend
- Emergence of high-performance winter tires
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 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?
Spanning over 209 pages, "Winter Tire Market in Austria 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Tire Market Overview, Key Tire Manufacturers Segmentation by Geography, Tire Industry Supply Chain, Tires Classification, Tires: Distribution Channel, Life Cycle of Tires, Raw Materials Price Analysis, Factors Impacting Tire Prices, European Tire Labeling Regulation, Recent Trends in Tire Market in Europe, European Union Winter Tire Regulations, Austria – An Introduction, General Overview of Tire Market in Austria, Introduction, Market Landscape, Market Segmentation by Vehicle Type, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Tire Disposal, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/winter-tire-market-austria-2015-2019
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