China to Continue Dominating APAC Ultra High-Performance (UHP) Tire Market through 2023
Rising demand for premium
vehicles along with enhanced performance and safety features UHP tires to boost
UHP tires across Asia-Pacific through 2023
According
to TechSci Research report, “APAC
Ultra High-Performance (UHP) Tire Market By Vehicle Type, By Tire Type, By
Demand Category, By Country, Competition Forecast & Opportunities,
2013-2023”, UHP tire
market in Asia-Pacific is projected to cross $ 8 billion by 2023 on account of
increasing sales of premium (passenger cars and motorcycles) vehicles due to
rising per capita and living standards of people in various countries of the Asia-Pacific region. Moreover, UHP
tires offer better performance and have enhanced safety features in comparison
to other tires, which is further expected to fuel their demand across Asia-Pacific in the coming
years. Rising presence of various companies such as Michelin,
Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental
AG, etc., and their increasing
operations in Asia-Pacific tire industry is anticipated to intensify competition
in the country’s UHP tire market over the next five years.
Browse 53 market data Figures and Tables spread
through 80 Pages and an in-depth TOC on "Asia-Pacific Ultra High-Performance
(UHP) Tire Market"
https://www.techsciresearch.com/report/apac-ultra-high-performance-uhp-tire-market/3614.html
Among
countries, China dominated Asia-Pacific UHP tire market with majority of the
market share in 2017. The country is anticipated to maintain its
dominance during forecast period as well on the back of rising inclination of
people towards premium vehicles and increasingly strong and efficient road
infrastructure of the country. On the basis of vehicle type, Asia-Pacific UHP
tire market is segmented into passenger cars and two-wheelers, of which the
former accounts for the lion’s share in the market due to expanding passenger
car fleet backed by rising per capita income and growing number of nuclear
families across the region.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3614
Customers can also request for 10% free
customization on this report.
“Increasing
passenger car sales and production across various countries of Asia-Pacific is
pushing demand for UHP tires across the region. Moreover, a growing number of
leading automakers are showing increasing inclination towards UHP tires, which
is expected to positively influence OEM demand in Asia-Pacific UHP tire market
over the next five years. Additionally, growing demand for SUVs and CUVs would
steer growth in the region’s UHP tire market during the forecast period.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“APAC
Ultra
High-Performance (UHP) Tire Market By Vehicle Type, By Tire Type, By Demand
Category, By Country, Competition Forecast & Opportunities, 2013-2023” has analyzed the potential of UHP tire market
across Asia-Pacific, and provides statistics and information on market sizes,
shares and trends. The report will suffice in providing the intending clients
with cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by Asia-Pacific UHP tire market.
About TechSci Research
TechSci Research is a leading global
market research firm publishing premium market research reports. Serving 700
global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]