© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Pneumatic Tires Market is set to see healthy CAGR during 2019 to 2025: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America holds a substantial share in the pneumatic tires market owing to rising motor vehicle production in the region. The motor vehicle production in USA reached about 7.7 million units in 2010 which increased to 11.3 million units by Rising production of commercial vehicles in this region is another reason behind this growth.  The rising aircraft manufacturing activities in the U.S. has resulted in propelling the growth in commercial vehicle sector. Rapid innovation in ballistic technology and rising developments in the U.S. defense industry is likely to augment the demand for pneumatic tires in the coming years. Regional Analysis of Pneumatic Tires Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Pneumatic Tires Market :  The various applications in the pneumatic tires market are passenger cars, motorcycles & bicycles, light commercial vehicles and heavy commercial vehicles. The motorcycle & bicycle segment is likely to portray a significant growth rate in the coming years due to rise in its production. The global two-wheeler sales reached more than 60 million units in 2018 which grew by 1.8% as compared to last year. This production trend was majorly driven by the Indian market. The motorcycle production in India has increased from 11 million units in 2010 to more than 20 million units in Such rising production would propel the demand for pneumatic tires in this segment.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Company Profiles:  Michelin  Trelleborg Group  Continental AG  Camso Solideal  Hankook Tire & Technology Co., Ltd.  Bridgestone Corporation  Goodyear Tire and Rubber Company  Sumitomo Rubber Industries  Toyo Tire Corporation  Cooper Tire & Rubber Company Competitive Market Share of Pneumatic Tires Market :

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