UK's Automotive Tires Market (2022-2027) by Section Width, Aspect Ratio, Rim Size, Material, Tube, Vehicle Type, and Vehicle Type, IGR Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis
Introduction
The UK's Automotive Tires Market is estimated to be USD 8.5 Bn in 2022 and is expected to reach USD 10.61 Bn by 2027, growing at a CAGR of 4.54%.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the UK's Automotive Tires Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentation
The UK's Automotive Tires Market is segmented based on Section Width, Aspect Ratio, Rim Size, Material, Tube, Vehicle Type, and Vehicle Type.
By Section Width, the market is classified into 200 MM, 200-230 MM, and >230 MM.
By Aspect Ratio, the market is classified into<60, 60-70, and 70-90.
By Rim Size, the market is classified into 13”-15”, 16”-18”, 19”-21”, and 21”-26”.
By Material, the market is classified into Natural Rubber and Synthetic Rubber.
By Tube, the market is classified into Tubed Tire and Tubeless Tire.
By Vehicle Type, the market is classified into Heavy Commercial Vehicle, Light Commercial Vehicle and Passenger Vehicle.
By Vehicle Type, the market is classified into OEM and Aftermarket.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are DMACK Tyres, Zenises, The British Rubber Company, Dunlop Aircraft Tyres, Goodyear, Hankook, Matador, Apollo Tyres, GB TYRES (UK) LTD, Nexen Tyre, Avon Tyre, Dunloop, C&S Tires UK Ltd., Cooper Tyres & Rubber Company, Continental Tire AG, etc.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the UK's Automotive Tires Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
Infogence Global Research analyses the UK's Automotive Tires Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, Infogence Global Research has devised suitable strategies for market growth.
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Companies Mentioned
DMACK Tyres
Zenises
The British Rubber Company
Dunlop Aircraft Tyres
Goodyear
Hankook
Matador
Apollo Tyres
GB TYRES (UK) LTD
Nexen Tyre
Avon Tyre
Dunloop
C&S Tires UK Ltd.
Cooper Tyres & Rubber Company
Continental Tire AG
Firestone Tire and Rubber Company
Bridgestone Corporation
Maxxis
D&G
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