About Winter Tires
Winter tires, also referred to as snow tires, cold weather tires, and thermal tires, improve the road safety for vehicles during winter, and thus play an important role in reducing road accidents. These tires are made of soft rubber compared to the all-season or summer tires, which help achieve better grip during winters. Furthermore, the newer generation of winter tires is designed with a more flexible rubber compound that is less prone to stiffening in colder temperatures. Its tread is designed to provide improved traction on wet, slushy, snowy, icy, and dry cold surfaces. Winter tires are fitted in sets of four, because fitting only a pair affects the balance and stability of the automobile. Winter tires are of three types: performance, studded, and non-studded.
TechNavio's analysts forecast the Winter Tire market in Germany to grow at a CAGR of 1.66 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Winter Tire market in Germany for the period 2015-2019. Forecasts and analysis of the market have been done in terms of volume. The market size is calculated on the basis of the unit sales of winter tires in Germany. The market includes the following segments:
Press Release
Technavio Announces the Publication of its Research Report – Winter Tire Market in Germany 2015-2019
Technavio recognizes the following companies as the key players in the Winter Tire Market in Germany 2015-2019: Apollo Vredestein BV, Bridgestone Corp., BRISA Bridgestone Sabanci Tire Manufacturing and Trading Inc., Continental AG, Cooper Tire & Rubber Co., Debica SA, Deldo Autobanden NV, Falken Tire Europe GmbH, Giti Tires Pte. Ltd., Goodyear Dunlop Tires Europe BV, Goodyear Dunlop Tyres UK Ltd., Hwa Fong Rubber Industries Co. Ltd., Kumho Tire Co. Inc., Maxxis International GmbH, Michelin Corp., Nankang Rubber Tire Corp. Ltd., Nexen Tire Corp., Nokian Tyres Inc., Pirelli Tyre SpA, ROSAVA Tires, Sailun Group, Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Co. Ltd., Triangle Group, Vee Rubber Group and Yokohama Rubber Co. Ltd.
Commenting on the report, an analyst from Technavio’s team said: “The winter tire market in Germany is expected to witness the emergence of high-performance winter tires in the coming years. For instance, many tire manufacturers have introduced new eco-friendly winter performance tires for the German market. The market is also expected to witness more innovations in the coming years.”
According to the report, an increase in the number of on-road automobiles directly influences the demand for winter tires. This demand, especially for passenger vehicles, is continuously increasing across Germany and is driving the demand for winter tires.
Further, the report states that absence of a uniform regulation across Europe limits the scope of winter tires growth at national level.
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- http://www.technavio.com/automotive-and-aerospace
Companies Mentioned
Apollo Vredestein BV, Bridgestone Corp., BRISA Bridgestone Sabanci Tire Manufacturing and Trading Inc., Continental AG, Cooper Tire & Rubber Co., Debica SA, Deldo Autobanden NV, Falken Tire Europe GmbH, Giti Tires Pte. Ltd., Goodyear Dunlop Tires Europe BV, Goodyear Dunlop Tyres UK Ltd., Hwa Fong Rubber Industries Co. Ltd., Kumho Tire Co. Inc., Maxxis International GmbH, Michelin Corp., Nankang Rubber Tire Corp. Ltd., Nexen Tire Corp., Nokian Tyres Inc., Pirelli Tyre SpA, ROSAVA Tires, Sailun Group, Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Co. Ltd., Triangle Group, Vee Rubber Group and Yokohama Rubber Co. Ltd.
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