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(I-AutoNewsWire.com, September 02, 2019 ) Market Overview:
The Europe specialty tire market was worth $1,591.1 billion in 2018 and is forecasted to reach $XX billion by 2026, at a CAGR of XX% during the forecast period.
Specialty tires used are in construction machinery, aircraft, another highly specialized equipment that operate under extreme conditions. It demands that the tires be manufactured with high-level technical expertise as they operate heavy load and even in uneven terrain.
Market Dynamics:
Growth in e-commerce sales channels, high demand in end-user industries and increasing financial investments and funding are the crucial drivers for the market growth. The Europe Specialty tire Market has witnessed a substantial rise in financial investments and funding in a bid to increase technological innovations and expand production facilities.Adoption of rigid environment laws and regulations and high cost of switching and replacements are the restraints that are hampering the growth of the market.
Segmentation Analysis:
Based on End-User segment, the market is divided into:
Industrial vehicles
Utility vehicles
Based on the sales channel, the global market for Europe specialty tires is broadly segmented as:
OEM
Aftermarket
https://www.datamintelligence.com/download-sample/specialty-tires-market">Geographical Analysis:
Europe specialty tires market is segmented into countries like:
Germany
'France'
United Kingdom
Italy
Spain
Poland
Scandinavia
Rest of Europe
https://www.datamintelligence.com/download-sample/specialty-tires-market">Competitive Analysis:
Some of the key vendors in the market are:
Global Rubber Industries Pvt Ltd
Emrald Tires
TVS Eurogrip
Trelleborg AB
STARCO
Dunlop Tires Ltd
Others
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