Tuesday, 02 January 2024 12:17 GMT

B2B E-Commerce For Tyre Market In 2023 : Research Insights With Upcoming Trends, Opportunities, Consumption By Regional Data, Growth By New Techniques And Forecast To 2029 Michelin, Goodyear, Hankook, Kumho


(MENAFN- Ameliorate Digital Consultancy) The latest updated study from market intelligence data on“ b2b e-commerce for tyre market (2023-2029)”, offers a precise analysis of the market covering all the essential information required by the new entrants as well as the existing players to gain a deeper insight into the market. This study provides information about the market size and revenue during the historic and forecasted period of 2023 to 2029. The report also offers regional wise segmentation and analysis of the global B2B E-Commerce for Tyre market for the study period.

A reliable market research and consulting company, has announced the publication of its most recent updated report on the B2B E-Commerce for Tyre Market. It offers a thorough analysis of Market Size (historical and forecast), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Active, Innovators, Start-ups, and Cutting Edge) that are anticipated to influence its future growth trajectory.

According to industry estimates the B2B E-Commerce for Tyre market growth is projected to expand between 5.5% CAGR during the 2023 to 2029 assessment period.



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Key Players:

The industry report identifies the leading competitors and provides strategic industry analysis of the key market factors. The key market players such Michelin, Goodyear, Hankook, Kumho, Groupe Michelin France, Bridgestone, Sumitomo, Pirelli, Yokohama, Continental, .

Industry News:

Sumitomo has acquired 38 companies, including 16 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 7 assets. Sumitomo's largest acquisition to date was in 2014, when it acquired Clermont Mine for $1.0B. It's largest disclosed sale occurred in 2016, when it sold Soukai Drug to Rakuten Group for $74M. Sumitomo has acquired in 8 different US states, and 16 countries. The Company's most targeted sectors include energy services and equipment (11%) and metals/mining (11%).

Pirelli Tyre has acquired 1 company. A total of 1 acquisition came from private equity firms. It has also divested 1 asset. Pirelli Tyre's largest acquisition to date was in 2012, when it acquired Däckia AB for $74M. It's largest disclosed sale occurred in 2014, when it sold Pirelli Tyre – Steel Cord Business to NV Bekaert SA for $287M. The Company's most targeted sectors include retail (100%).

Global B2B E-Commerce for Tyre Market Segmentation:

Market Segmentation: By Type

Agricultural Tires

Material Handling Tires

Construction Tires

Market Segmentation: By Application

Passenger Car

Heavy Commercial Vehicle (M&HCV)

Bicycle

Drivers:

  • Convenience: B2B E-commerce provides a convenient and easy way for businesses to purchase tyres online without the need for physical visits to suppliers or distributors.
  • Cost savings: Online platforms for tyre purchases offer cost savings for buyers as they eliminate the need for intermediaries in the supply chain.
  • Increased efficiency: E-commerce platforms offer a streamlined process for tyre purchases, reducing the time and effort required to complete transactions.
  • Global reach: Online platforms allow businesses to access a wider range of tyre suppliers and distributors from all over the world.

    Restraints:

  • Limited product information: Online platforms may not provide comprehensive information about tyres, which could result in uncertainty about the quality and suitability of the product.
  • Security concerns: The risk of cyber attacks and fraud is a significant concern for businesses using online platforms for tyre purchases.
  • Resistance to change: Some businesses may be resistant to change and prefer traditional methods of purchasing tyres, which could limit the adoption of B2B E-commerce platforms.
  • Delivery challenges: Tyres are heavy and bulky, which could result in high delivery costs and longer lead times.

    Regional Analysis/Insights:

    The countries covered in this market report are North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia, Switzerland, Netherlands, Turkey, Belgium, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific), South America (Brazil, Argentina, Rest of South America), Middle East and Africa (South Africa, Saudi Arabia, U.A.E, Israel, Egypt, and Rest of Middle East & Africa).

    The B2B E-commerce market for tyres is a rapidly growing industry globally. Here are some regional insights:

  • North America : The B2B E-commerce market for tyres in North America is highly developed and matured. The region has a large number of established players in the market, and the trend of online shopping is high among consumers. The US is the largest market for B2B E-commerce in this region.
  • Europe : Europe is one of the largest markets for B2B E-commerce in the world. The tyre market in Europe is highly fragmented, with a large number of small and medium-sized players. The region has seen significant growth in online tyre sales, and this trend is expected to continue in the coming years.
  • Asia-Pacific : The B2B E-commerce market for tyres in the Asia-Pacific region is expected to witness significant growth in the coming years due to increasing internet penetration and the rising number of SMEs in the region. China and India are the largest markets in this region.
  • Middle East and Africa : The B2B E-commerce market for tyres in the Middle East and Africa is expected to grow at a steady rate due to the increasing adoption of digital technologies and the rising demand for tyres in the region.

    B2B E-Commerce for Tyre Market Research Report Offers:

    -Technical Market definition of the global B2B E-Commerce for Tyre market along with the analysis of different influencing factors like drivers, restraints, and opportunities.

    -Extensive research on the competitive landscape of more than 25+ Global as well as regional companies

    – Identification and analysis of micro and macro factors that are and will affect the growth of the market.

    – A descriptive analysis of demand-supply gap, estimation and forecast in the global B2B E-Commerce for Tyre market.

    – Statistical analysis of some significant economic factors

    – Partner Identification in the Supply Chain

    – Historical and estimated Pricing Analysis of the market considered as part of scope

    Key Points Covered in B2B E-Commerce for Tyre Market Report:

    Global B2B E-Commerce for Tyre Market Research Report

    Section 1: Global B2B E-Commerce for Tyre Industry Overview

    Section 2: Global Economic Impact on B2B E-Commerce for Tyre Industry

    Section 3: Global Market Competition by Industry Producers

    Section 4: Global Productions, Revenue (Value), according to regions

    Section 5: Global Supplies (Production), Consumption, Export, Import, geographically

    Section 6: Global Productions, Revenue (Value), Price Trend, Product Type

    Section 7: Global Market Analysis, on the basis of Application

    Section 8: B2B E-Commerce for Tyre Market Pricing Analysis

    Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers

    Section 10: Strategies and key policies by Distributors/Suppliers/Traders

    Section 11: Key Marketing Strategy Analysis, by Market Vendors

    Section 12: Market Effect Factors Analysis

    Section 13: Global B2B E-Commerce for Tyre Market Forecast

    .......and view more in complete table of Contents

    Key Questions Answered in this Report

    ➡ What is the market size and growth rate of the global and regional market by various segments?

    ➡ Market size and growth rate of the market for selective countries?

    ➡ Which region or sub segment is expected to drive the market in the forecast period?

    ➡ What are the driving factors as well as restraints in the market growth?

    ➡ How the technological shift and disruptions are helping market to grow?

    ➡ Who are the key companies operating in the market?

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    Can I modify the scope of the report and customize it to suit my requirements?

    Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition

    • country-level analysis for the 5 countries of your choice.
    • competitive analysis of 5 key market players.
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