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A recent report issued by Reports & Insights titled "Automotive Aftermarket Market: Opportunity Analysis and Future Assessment 2022-2030" outlines the market size, potential and deep understanding of the statistics geared towards the development of the respective market in an absolute meticulous and thorough manner. The base year considered for the study is 2021, and the market size is projected from 2022-2030. To make it more intriguing, the report further mentions extensive know-how of the market, conceptual framework, and prevailing trends of the market along with the precise textual and graphical representation over the forecast period 2022-2030, developed by the acknowledged market expertise using verified research methodologies and proven analytical approaches. The automotive aftermarket market is estimated to reach at a value of US 422.2 Bn by the end of 2022 and expected to reach at a value of US$ 556.3 Bn by 2030 with a significant CAGR of 3.5%. Request a Sample Copy of this Report @: https://reportsandinsights.com/sample-request/1403 Automotive Aftermarket Introduction Automotive aftermarket refers to the after-sale market of the automotive industry. The after-sale market of the automotive industry comprises vehicle equipment, parts, service repair, replacement tires, collision repair and accessories, which are mainly sold after the sale of the original vehicle. The automotive aftermarket includes the companies which are involved in manufacturing, refurbishing, retailing, distribution, and installation of replacing parts of the vehicle, service repair, equipment, and automotive accessories. Automotive Aftermarket Market Dynamics The increased buying and selling of used-vehicles or second-hand vehicles, around the world, has dramatically propelled the repair and maintenance segment of the automotive aftermarket, thereby boosting the overall growth of the global automotive aftermarket. As per the statistics of the Bureau of Transportation of

Global Automotive Tires Market valued approximately USD 329 billion in 2016 is anticipated to grow with a healthy growth rate of more than 6.40% over the forecast period 2017-2025. The Global automotive tires market is influenced by several factors which impact the growth of the market. High demand for replacement tires, increasing demand for two wheelers and commercial vehicles, higher demand for low rolling resistance tires, higher demand for SUVs, rising production of tires due to rising automotive industry, growth in the number of automobiles per capita ownership especially among middle class consumers, increasing research and technological developments to make tires more efficient in order to satisfy the rising demand for energy efficient and high quality tires, reduction in rubber prices and growing demand for passenger vehicles are few of the many influencers contributing to the growth of the global automotive tire market. Also, there are few factors which pose challenges to the growth of the global automotive tire market, such as, decline in export, incorrect government administration and strict regulations and fluctuations in the availability of raw material and their prices.

Bharat Book Bureau Provides the Trending Market Research Report on "India Tire Market" under Heavy Industry category. "India Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias, By Rim Size, By Price Segment, Competition Forecast & Opportunities, 2013 - 2023", tire market to grow at a CAGR of over 9% by 2023. Expanding vehicle fleet, surging new vehicle sales and booming construction industry are the major factors expected to boost demand for tires across India in the coming years. Moreover, growing urbanization and rising disposable income are likely to further steer growth in the country's tire market until 2023.

Automotive Tire Market Share, Size, Trends, Industry Analysis Report By Type (Radial Tire, Bias Tire); By End-User (Passenger Cars, Commercial Vehicles

Global Automotive Tire Market Size, Share - Industry Report, 2018-2026

"The global silica market size is anticipated to reach USD 10.10 billion by 2026, registering an 8.6% CAGR during the forecast period. Rising demand for silica across various end-use industries such as rubber, agrochemicals, oral care, and paints and coatings is anticipated to drive the industry. ​ Precipitated silica is the most extensively consumed product in the market. It is utilized in the reinforcement of elastomer products, such as automotive tires, due to its ability to reduce rolling resistance, improved traction under slippery conditions, and enhanced fuel efficiency. It also acts as an anti-blocking agent in thermoplastic films and a matting agent in paints and varnishes. Rubber application acquired the largest share in 2018 and is estimated to remain dominant throughout the forecast period. The global demand for tires is increasing on account of an expanding automobile industry, especially in emerging economies. As a result, major tire manufacturers are aggressively involved in expansion projects in emerging economies like India. For instance, in April 2018 Bridgestone India announced plans to double its production capacity over the next five years at an investment of USD 304 million. This is anticipated to propel product demand from tire manufacturers. In the construction sector, high-performance concrete (HPC) comprising silica has been recognized as one of the most significant advanced materials necessary for infrastructure development. HPC manufactured with silica fumes provides increased strength and higher resistance to corrosion, abrasion, and chemicals. Moreover, it offers lower permeability, enhanced durability, sustainability, and life-cycle cost efficiencies for concrete. This is estimated to drive utilization of the product in the construction sector. "