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Global Automotive Racing Tire Market 2017-2021

Global Automotive Racing Tire Market 2017-2021

About Automotive Racing Tire

Racing tires form a sub segment of the automotive tire ecosystem. It is categorized into racing tread and racing slick tires. Racing slick tires have a smooth outer surface, while racing tread tires have tread patterns that enable water to escape from beneath the tire and prevent aquaplaning. Racing tread tires dominate the market owing to their performance in wet conditions.

Technavio’s analysts forecast the global automotive racing tire market to grow at a CAGR of 16.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive racing tire market for 2017-2021. To calculate the market size, the report considers the shipment of racing tires across the world.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Racing Tire Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bridgestone
  • Pirelli
  • The Goodyear Tire & Rubber Company
  • Continental
  • Hankook Tire
  • Michelin
Other prominent vendors
  • Cooper Tire and Rubber Company
  • Kumho Tire
  • Toyo Tire & Rubber
  • Yokohama Rubber
Market driver
  • Growing popularity of racing events in developing economies
  • For a full, detailed list, view our report
Market challenge
  • Precision in manufacturing of racing tires leading to high complexity
  • For a full, detailed list, view our report
Market trend
  • Use of bio-oils in racing tire manufacturing process
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Racing Tire Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive racing tire market: Bridgestone, Pirelli, The Goodyear Tire & Rubber Company, Continental, Hankook Tire, and Michelin.

Other Prominent Vendors in the market are: Cooper Tire and Rubber Company, Kumho Tire, Toyo Tire & Rubber, and Yokohama Rubber.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of bio-oils in racing tire manufacturing process. Oils are important raw materials in tire manufacturing, and the three types of commonly used oils are paraffinic, aromatic, and naphthenic. Racing tire manufacturers have also begun using eco-friendly raw materials. Yokohama, a prominent vendor, has started using oils that are extracted from orange peels in their racing car models.”

According to the report, one of the major drivers for this market is growing popularity of racing events in developing economies. Automotive racing is primarily concentrated in the US and other countries such as Germany, Italy, France, Spain, Japan, and the UK. The growing popularity of the sport in emerging markets, like China, and India as drawn more investments in various racing championships in these countries. Many Indian companies, like Reliance and Mahindra, are looking forward to sponsor teams for international events like Grand Prix and F1 to tap into the growing popularity of these championships in the country.

Further, the report states that one of the major factors hindering the growth of this market is precision in manufacturing of racing tires leading to high complexity. Automotive racing is a luxurious sport. The racing tires that are used are made of superior rubber and are priced at a premium. The tires use raw materials like styrene-butadiene and polybutadiene rubber, which are more expensive than conventional tire materials like natural rubber and nylon. They are specifically designed for racing and undergo many speed and durability tests to provide reliability. The additional quality tests significantly increase the cost of the tires.

Companies Mentioned

Bridgestone, Pirelli, The Goodyear Tire & Rubber Company, Continental, Hankook Tire, and Michelin. Other Prominent Vendors in the market are: Cooper Tire and Rubber Company, Kumho Tire, Toyo Tire & Rubber, and Yokohama Rubber.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Table Categorization of automotive tires market
    • Table Classification of racing slicks
    • Table Tire load-speed ratio comparison by application
    • Market dynamics: Racing tire
      • Table Timeline of international racing events 2010-2015
      • Table Cost structure of racing tires 2015
    • Value chain analysis
      • Table Value chain analysis of global automotive racing tire market
  • Market landscape
    • Market overview
      • Table Global automotive racing tire market
    • Market size and forecast
      • Table Global automotive racing tire market 2016-2021 (millions of units)
      • Table GDP per capita 2010-2014 (units in dollar)
    • Racing tire manufacturing process
      • Table Racing tire manufacturing process
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global automotive racing tire market segmentation by end-users
      • Table Segmentation of global automotive racing tire market by end-users 2016 and 2021 (%)
      • Table Global automotive racing tire market by end users 2016-2021
    • Global automotive racing tire market by aftermarket
      • Table Global automotive racing tire market by aftermarket 2016-2021 (millions of units)
      • Table Racing tires supplied by Pirelli for F1 2016
    • Global automotive racing tire market by OEMs
      • Table Global automotive racing tire market by OEMs 2016-2021 (millions of units)
      • Table Ferrari Challenge calendar 2016
  • Market segmentation by vehicle racing
    • Global automotive racing tire market segmentation by vehicle racing
      • Table Segmentation of global automotive racing tire market by vehicle racing 2016 and 2021 (%)
      • Table Global automotive racing tire market by vehicle racing 2016-2021 (% share)
    • Global automotive racing tire market by auto racing
      • Table Global automotive racing tire market by auto racing 2016-2021 (millions of units)
      • Table Auto racing categories
    • Global automotive racing tire market by motorcycle racing
      • Table Global automotive racing tire market by motorcycle racing 2016-2021 (millions of units)
  • Geographical segmentation
    • Segmentation of global automotive racing tire market by geography
      • Table Global automotive racing tire market by geography 2016 and 2021 (%)
      • Table Global automotive racing tire market by geography 2016-2021 (%)
    • Racing tire market in the Americas
      • Table Automotive racing tire market in the Americas 2016-2021 (millions of units)
    • Racing tire market in EMEA
      • Table Automotive racing tire market in EMEA 2016-2021 (millions of units)
    • Automotive racing tire market in APAC
      • Table Automotive racing tire market in APAC 2016-2021 (millions of units)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Tire-to-surface contact ratio during aquaplaning in different vehicle speeds
  • Market trends
  • Vendor landscape
    • Competitive Scenario
      • Table Comparison of vendors in terms of revenue, EBITDA, and CAPEX 2015
    • Market share
      • Table Global automotive racing tire market share 2016 (%)
    • Other prominent vendors
  • Key vendor analysis
    • Bridgestone
      • Table Bridgestone: Business segmentation by revenue 2015 (%)
      • Table Product portfolio: Bridgestone
      • Table Bridgestone: Recent developments
    • Pirelli
      • Table Pirelli: Business segmentation
      • Table Pirelli: Business segmentation by revenue 2015 (%)
      • Table Pirelli: Geographical segmentation by revenue 2015 (%)
      • Table Product portfolio: Pirelli
      • Table Perilli: Recent developments
    • The Goodyear Tire & Rubber Company
      • Table The Goodyear Tire & Rubber Company: business revenue 2015 and 2016 ($ billions)
      • Table The Goodyear Tire & Rubber Company: Geographical segmentation by revenue 2016 (%)
      • Table The Goodyear Tire & Rubber Company: Product portfolio
      • Table The Goodyear Tire & Rubber Company: Recent developments
    • Continental
      • Table Continental: Business segmentation 2015 by revenue (%)
      • Table Continental: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Continental: Geographical segmentation by revenue 2015 (%)
      • Table Continental: Product portfolio
      • Table Continental: Recent development
    • Hankook Tire
      • Table Hankook Tire: Product categories
      • Table Hankook Tire: Geographical segmentation by revenue 2015 (%)
      • Table Hankook Tire: Recent developments
    • Michelin
      • Table Michelin: Business segmentation by revenue 2015 (%)
      • Table Michelin: Geographical segmentation by revenue 2015 (%)
      • Table Michelin: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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