A tyre represents a ring-shaped, pneumatically inflated structure that is manufactured from natural or synthetic rubber, wire, fabric, carbon black, etc. It assists in transferring the vehicle’s load onto the road by enclosing the rim of a wheel to form soft contact.
Tyres work as cushions for the wheels of a moving vehicle and provide a gripping surface for traction. They enhance the vehicle’s overall performance by absorbing shocks, minimizing the impact of vibrations, effectively withstanding the tractive force between the road surface and the vehicle, etc.
Significant growth in the automobile industry has led to the rising adoption of sport utility vehicles (SUVs) and crossover utility vehicles (CUVs), thereby driving the demand for high-quality tyres.
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Furthermore, the implementation of stringent safety regulations is leading to the increasing popularity of automobile tyres with a high safety quotient. Additionally, numerous leading market players are engaging in the development of advanced products, including nitrogen-based and flat-run tyres, that are also eco-friendly.
Besides this, the elevating environmental concerns towards growing vehicular pollution levels have led to the introduction of hybrid or electric vehicles.
Moreover, several technological advancements have resulted in the emergence of electricity-generating tyres, which is anticipated to fuel the tyre market in the coming years.
The project report on tyre covers the following aspects:
- Market Snapshot (Market Performance, Segments, Regional Insights, Covid-19 Impact and outlook)
- Manufacturing Process:
- Project Details, Requirements and Costs Involved
- Project Economics
- Regulatory Procedures and Approval
- Key Success and Risk Factors
In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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