The Strengthening of the Social-Economic Condition will foster the growth of the India Kitchen Appliances Market
Published: Nov 2020
The India kitchen appliances market is anticipated to grow with a considerable CAGR of 12.3% during the forecast period (2020-2026). The growth of the kitchen appliance market in India is majorly influenced by the continuously improving socio-economic condition of the country’s population. Rapid urbanization, increasing disposable income, rising brand awareness, high demand for premium products are some of the factors that are supporting the growth of the Indian kitchen appliance market.
Key Players Contribution to the Global Inhalable Drugs Market
Published: Nov 2020
The global inhalable drug market is anticipated to grow at a CAGR of 3.7% over the forecast period (2020-2026). The key factors that drive the growth of the market include the continuous contribution by the key players operating in the market. Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Pfizer Inc., Novartis AG, Merck & Co., Inc., AstraZeneca Plc, Bausch Health Companies Inc., are some of the prominent players operating in the global inhalable drugs industry.
After Market will hold a Major Market Share in the US Tire Market
Published: Oct 2020
The US tire market is anticipated to grow with a modest CAGR of 1.9% during the forecast period (2020-2026). As per the OICA (International Organization of Motor Vehicle Manufacturers), the new vehicle sales growth is flat in North America. The major factor for the growth of the market is the increasing average ride per vehicle in the region, technological advancement, and the demand from the aftermarket.
Political Factors Driving the UK Tire Market
Published: Oct 2020
The UK tire market is anticipated to grow with a modest CAGR of 2.0% during the forecast period (2020-2026). Growth in the average distance by passenger cars, growing demand for high-performance tires are some of the major factors driving the market growth. However, decreasing vehicle, Brexit, and COVID-19 pandemic are restraining market growth.
Foreign Players will Raise the Competitiveness in the North American Tire Market
Published: Oct 2020
The North American tire market is anticipated to grow with a modest CAGR of 2.0% during the forecast period (2020-2026). North America is one of the most attractive markets for tire companies. It is due to the US market. The new vehicle sales in the country are flat from some last years. However, the significant demand from the aftermarket is appealing for foreign players.
Foreign Players Covers a Major Share in the Latin America Tire Market
Published: Oct 2020
The Latin America tire market is anticipated to grow with a significant CAGR of 3.6% during the forecast period (2020-2026). Increasing vehicle fleet at a modest growth rate, downfall in 2020 (base year), and growth in the demand of high-performance tires in the region will drive the market growth of the market in Latin America.
Global Renowned Major Domestic Companies Will Provide Significant Share to the Japan Tire Market
Published: Oct 2020
The Japan tire market is anticipated to grow with a modest CAGR of 2.3% during the forecast period (2020-2026). Passenger cars hold the largest market share in the Japanese tire industry. Around 146.5 million tiers were produced in 2019 in Japan, out of this, around 2/3 were of passenger cars. Nearly, 109 million passenger car tires were manufactured in Japan in 2019. It is followed by light trucks and truck & bus tiers respectively.
Commercial Vehicle Rising the Shares of Aftermarket Tire Segment in the Indian Tire Market
Published: Oct 2020
The Indian tire market is anticipated to grow with a significant CAGR of 5.1% during the forecast period (2020-2026). As per Automotive Tyre Manufacturers’ Association (ATMA), there are 44 tire companies with around 66 tire plants in the country. The production of tires is increasing every year in the last decade (pre-COVID-19).
Passenger Cars Hold a Major Market Share in Germany Tire Market
Published: Oct 2020
The German tire market is anticipated to grow with a modest CAGR of 2.2% during the forecast period (2020-2026). Passenger cars hold the largest market share in the German tire industry. As per the European Automobile Manufacturers Association, out of the total vehicle fleet of 50.8 million in the country, 47.1 million are passenger cars in 2018.
After Market covers the Largest Share in the European Tire Market
Published: Oct 2020
The European tire market is anticipated to grow with a modest CAGR of 2.1% during the forecast period (2020-2026). As the vehicle industry witnessed a fall in 2019 as compared to 2018, the tire sales also dropped in the region. As per The European Tyre & Rubber Manufacturers Association (ETRMA), a downfall of 5% in OEM passenger car tires was recorded in 2019 as compared to last year.