Industry Analysis & Industry Trends
Over the next five years, the Tire Manufacturing industry will continue to recover, with pent-up demand for tires boosting sales growth. Fuel-efficient tires that cater to cost-conscious consumers will be popular among consumers and help drive industry sales. Firms will invest in creating tires that cater to this demand as fuel prices rise and environmental awareness grows. Nevertheless, overseas competition and demand will continue to threaten this industry's performance... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Tire Manufacturing industry carries a high level of market share concentration, with the top four major companies together producing an estimated 74.0% of industry revenue in 2014. Tire manufacturers produce tires for all types of vehicles, and the concentration among various market segments is quite similar. The expected market concentration of these players has not changed much over the past five years, so established players have invested significantly in research and development to gain market share.
The industry is in the decline stage of its life cycle: there are a declining number of players in the industry and most are outsourcing production to low-cost countries... purchase to read more