Chile Tire Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of Chile Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Key Companies Profiled | Goodyear Tire & Rubber Company, Pirelli Neumaticos Chile LTDA, Michelin Group, Yokohama Rubber Co. Ltd, Hankook Tire & Technology Group, Kumho Tire Co., Inc., Continental AG, Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation etc. |
| Unit Denominations | USD Million/Billion |
According to MarkNtel Advisors’ research report “Chile Tire Market Analysis, 2020”, the Chile Tire market is anticipated to grow at a considerable CAGR during 2021-26F. The driving factors for the growth of the market are robust industrialization and urbanization, increasing the purchasing power of the consumers, and rising investment of the government into construction activities and the mining sector. Moreover, the outbreak of the COVID-19 has adversely affected the tire market due to disruption in the supply chain as the country is entirely dependent on replacement due to the absence of OEMs.
Market Segmentation
Replacement segment Acquired the Majority Market Share
Based on Demand Type, the Replacement segment acquired the majority market share in the Chile Tire Market in 2020 due to the absence of automotive OEMs in the country. Moreover, the introduction of electric vehicles, rising sales of two-wheelers, and increasing infrastructure development are expected to propel the replacement demand for the tire. Hence, this is projected to strongly contribute towards the growth of the Tire market in Chile in the near future as revealed by the MarkNtel Advisors’ research report “Chile Tire Market Analysis, 2021”.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Chile Tire market include Goodyear Tire & Rubber Company, Pirelli Neumaticos Chile LTDA, Michelin Group, Yokohama Rubber Co. Ltd, Hankook Tire & Technology Group, Kumho Tire Co., Inc., Continental AG, Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
A. The market size/industry size or the market value is measured in terms of USD Million.
A. The Chile Tire Market during 2021-26F is forecast to be grow at a CAGR of 5.1%
A. Goodyear Tire & Rubber Company, Pirelli Neumaticos Chile LTDA, Michelin Group, Yokohama Rubber Co. Ltd, Hankook Tire & Technology Group, Kumho Tire Co., Inc., Continental AG, Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation etc., are few of the leading players in the Chile Tire Market.
A. Replacement segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
