Industry Analysis & Industry Trends
Industry revenue plunged during the recession as a result of the crisis in the automobile industry and low disposable income across the economy. Since then, the industry has begun to recover, and pent-up demand will continue to promote growth over the next five years; however, offshoring will increasingly limit industry expansion. In the long term, the industry is declining... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Tire Manufacturing industry carries a high level of market share concentration. Tire manufacturers produce tires for all types of vehicles, and the concentration among various market segments is quite similar. The expected market concentration of the overall industry has not changed much over the past five years, so established players have invested significantly in research and development to gain market share.
The industry is in the decline stage of its life cycle: there is a relatively stable number of players in the industry and most are outsourcing production to low-cost countries. Over the next five years, market share concentration is expected to decline as global manufacturers concentrate on providing tires for emerging economies... purchase to read more