Overview

The standard passenger car segment holds a significant share of the tire market, driven by the introduction of new models.
The demand for luxury passenger cars is expected to grow substantially, primarily due to the expansion of the replacement market.
In the U.S., replacement tires dominate the passenger car market among end users.

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Market Growth Trends
When purchasing a luxury car in the USA, customers prioritize driving experience and performance, followed by interior design and powertrain. Exterior design is considered a less important factor in their decision-making process.

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Market is Segmented
By Construction: Bias tyres, Radial Tyres
By Application: Luxury Passenger Cars, Standard Passenger Cars, Hatchback, Sedan, XUV, TUV, SUV, Crossover, Others
By Material: Natural Rubber, Synthetic Rubber, Others
By End User: Original Equipment tires, Replacement/Aftermarket
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Market Key Players
 Michelin
 Apollo Tyres Ltd
 Balkrishna Industries Limited
 The Yokohama Rubber Company, Limited
 Xuzhou Armour Rubber Company Ltd
 Titan International
 Bridgestone Corporation
 HANKOOK TIRE & TECHNOLOGY CO., LTD.
 Nokian Tyres plc
 Pirelli & C. S.p.A.
 The Goodyear Tire & Rubber Company
 Camso
 Continental Group

Related Reports
Tyres Market
Passive Fire Protection Coating Market

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