Passenger Cars will drive the China Tire Market
Published: Oct 2020
The China tire market is anticipated to grow with a CAGR of 3.9% during the forecast period (2020-2026). The country was the largest automotive vehicle industry in terms of vehicle produced and vehicles sales in 2019. Moreover, it is also the largest tire market globally. As per the Japan Automobile Tyre Manufacturers Association, Inc. (JATMA), the country 669 million tiers were produced in China in 2019.
Growth in Vehicle Demand will Drive Brazil Tire Market
Published: Oct 2020
The Brazil tire market is anticipated to grow with a significant CAGR of 3.4% during the forecast period (2020-2026). Increasing vehicle fleet at a modest growth rate, and growth in the demand for high-performance tires in the country will drive the market growth of Brazil. In 2019, vehicle sales in the country have been increased to around 2.8 million highest since 2016.
Asia-Pacific will Maintain the Largest Share in the Global Tire Market
Published: Oct 2020
The Asia-Pacific tire market is anticipated to grow with a CAGR of 3.5% during the forecast period (2020-2026). As per the International Rubber Study Group (IRSG), Asia-Pacific was the largest tire rubber consumer globally. Out of the 16,862 KT rubber consumption of tires, Asia-Pacific accounts for 67.0% in 2019, which is equivalent to 11,369 KT. China accounts for 40% of the global demand and Japan for 6%.
Economic growth of ASEAN will drive the ASEAN Tire Market
Published: Oct 2020
The ASEAN tire market is anticipated to grow with a significant CAGR of 3.5% during the forecast period (2020-2026). Growth in vehicle sales and increasing demand for high-performance products are the major factor for tire market growth in the region. As per the ASEAN Automotive Federation, vehicle sales were only 3% down in 2019 in the region, as compared to 4.5% at the global level (by volume).
Changing Consumer Lifestyles and Consumption Patterns to Thrust the Savory Snacks Industry in the US
Published: Oct 2020
The US savory snacks market is estimated to exhibit a moderate CAGR of 3.6% during the forecast period (2020-2026). The face of savory snacks in the US is changing as empowered consumers increasingly seek tasty, nutritional, and sustainable foods to fuel their on-the-go lifestyles. Snacking is on the rise as demand for convenience and portability fuel increased consumption, with premiumization spurring innovation and variety in fresh, better-for-you, and functional snacks.
Increasing Customers’ Spending Power to Inspire the Savory Snacks Industry in North America
Published: Oct 2020
The North American savory snacks market is estimated to display a strong CAGR of 3.8% during the forecast period (2020-2026). The market of savory snacks in North America continues to be strongly driven by the constant search of consumers for convenient products for snacking. North American individuals are also increasingly time-poor, allocating less time for buying, preparing, and cooking food.
Changing Consumer Lifestyles and Consumption Patterns to Thrust the Market Growth in India
Published: Oct 2020
The India savory snacks market is expected to exhibit a rapid CAGR of 15.8% during the forecast period (2020-2026). Owing to the strengthening of mass media and its significant impact on the local consumers, the savory snacks market is all set to observe a robust growth across the parts of the market that are easily accessible by electronic media.
Changing Consumers’ Eating Behavior to Play an Active Role in the European Savory Snacks Market
Published: Oct 2020
The European savory snacks market is estimated to record a healthy CAGR of 4.7% during the forecast period (2020-2026). The European savory snacks market is at the pinnacle of consumers’ needs as they are increasingly looking for personalization in products and services as well as the right snack on the right occasion.
The Outlook for Growth in Asia Pacific Savory Snacks Market Seems Bullish Led by Changing Consumer Lifestyles
Published: Oct 2020
The Asia-Pacific savory snacks market is estimated to witness a strong CAGR of 10.0% during the forecast period (2020-2026). Changing consumer lifestyles, product varieties, and growth in distribution channels are some of the factors contributing to the increasing sales of savory snacks. There is great potential in products targeted at teenagers and older children, particularly in the emerging markets. This is because parents are often willing to spend on their children before indulging themselves.
Changing Consumer Lifestyles and Consumption Patterns to Impel the Almond Flour Market in the US
Published: Oct 2020
The US almond flour is estimated to exhibit a CAGR of 6.8% during the forecast period (2020-2026). In the US, the almond flour industry is growing as consumers are increasingly seeking nutritional and sustainable food products to cater to their on-the-go lifestyles. The consumption of healthier foods is on the rise as an increasing portion of the obese population is inclined towards them.