Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Racing Tires market in this environment.
In terms of revenue, this research report indicated that the global Racing Tires market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Racing Tires industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ?Michelin aims at producing XX Racing Tires in 2020, with XX % production to take place in global market, ? ? Goodyear accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Racing Tires Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Racing Tires Market?
Michelin
Goodyear
Bridgestone
Continental
Hankook
Pirelli
Cooper
Hoosier Racing Tire Corp
Sumitomo Rubber
Toyo Tire & Rubber
Yokohama Rubber
Kumho
Maxxis
NITTO TIRE
BFGoodrich
...
Major Type of Racing Tires Covered in XYZResearch report:
Hard Tires
Soft Tires
Application Segments Covered in XYZResearch Market
Single Seater Racing Car
Sports Car
Other
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Racing Tires Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Hard Tires -Product Introduction and Major Manufacturers
1.1.2 Soft Tires -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Racing Tires Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Racing Tires Market
3.1.1 Top Companies leading Racing Tires Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Racing Tires Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Racing Tires Market
3.2.1 Top Companies leading Racing Tires Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Racing Tires Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Racing Tires Market
3.3.1 Top Companies leading Racing Tires Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Racing Tires Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Racing Tires Market
3.4.1 Top Companies leading Racing Tires Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Racing Tires Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Racing Tires Market
3.5.1 Top Companies leading Racing Tires Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Racing Tires Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Racing Tires Market
3.6.1 Top Companies leading Racing Tires Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Racing Tires Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Racing Tires Market
3.7.1 Top Companies leading Racing Tires Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Racing Tires Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Racing Tires Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Racing Tires Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Racing Tires Sales and Growth Rate (2021-2026)
5.2 Global Racing Tires Sales Value and Growth Rate (2021-2026)
6 Racing Tires Competitive Analysis
6.1 Michelin
6.1.1 Michelin Company Profiles
6.1.2 Michelin Product Introduction
6.1.3 Michelin Racing Tires Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Goodyear
6.2.1 Goodyear Company Profiles
6.2.2 Goodyear Product Introduction
6.2.3 Goodyear Racing Tires Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 Bridgestone
6.3.1 Bridgestone Company Profiles
6.3.2 Bridgestone Product Introduction
6.3.3 Bridgestone Racing Tires Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 Continental
6.4.1 Continental Company Profiles
6.4.2 Continental Product Introduction
6.4.3 Continental Racing Tires Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Hankook
6.5.1 Hankook Company Profiles
6.5.2 Hankook Product Introduction
6.5.3 Hankook Racing Tires Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 Pirelli
6.6.1 Pirelli Company Profiles
6.6.2 Pirelli Product Introduction
6.6.3 Pirelli Racing Tires Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 Cooper
6.7.1 Cooper Company Profiles
6.7.2 Cooper Product Introduction
6.7.3 Cooper Racing Tires Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 Hoosier Racing Tire Corp
6.8.1 Hoosier Racing Tire Corp Company Profiles
6.8.2 Hoosier Racing Tire Corp Product Introduction
6.8.3 Hoosier Racing Tire Corp Racing Tires Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
6.9 Sumitomo Rubber
6.9.1 Sumitomo Rubber Company Profiles
6.9.2 Sumitomo Rubber Product Introduction
6.9.3 Sumitomo Rubber Racing Tires Production, Revenue (2015-2020)
6.9.4 SWOT Analysis
6.10 Toyo Tire & Rubber
6.10.1 Toyo Tire & Rubber Company Profiles
6.10.2 Toyo Tire & Rubber Product Introduction
6.10.3 Toyo Tire & Rubber Racing Tires Production, Revenue (2015-2020)
6.10.4 SWOT Analysis
6.11 Yokohama Rubber
6.12 Kumho
6.13 Maxxis
6.14 NITTO TIRE
6.15 BFGoodrich
7 Conclusion
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