Market Overview

Global Automotive Racing Slicks Market 2018-2022 | 19% CAGR Projection Over the Next Four Years | Technavio

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The global automotive racing slicks market is expected to post a CAGR of
nearly 19% during the period 2018-2022, according to the latest
market research report by Technavio.

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Technavio has published a new market research report on the global automotive racing slicks market f ...

Technavio has published a new market research report on the global automotive racing slicks market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the introduction of new
races in automotive racing championships. Slicks are supplied to many
racing championships globally like F1, MotoGP, and NASCAR. In terms of
both revenue and volume, the EMEA is the leading market for slicks as
many sporting events such as F1, F3, World Endurance Championships, and
MotoGP are organized in this region. EMEA also houses numerous renowned
vehicle manufacturers, thereby being at the forefront of vehicle
technology.

This market research report on the global
automotive racing slicks market 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

In this report, Technavio highlights telematics and connected driving
for an enhanced experience as one of the key emerging trends in the
global automotive racing slicks market:

Global automotive racing slicks market:
Telematics and connected driving for an enhanced experience

The Internet of Things (IoT) can enhance the overall driving experience
of vehicles. Most high-end vehicle manufacturers provide automobiles
with enhanced GPS, sensors, and multi-function options for assisted and
comfortable driving experience IoT enabled vehicles to provide
preemptive assistance to drivers in terms of environmental conditions,
driving suggestions, and drive monitoring.

"Vehicle manufacturers are also providing cars with telematics, which
helps in better monitoring of tire performance and driving habits and
gathering insights on vehicle data. Telematics in finding increased
applications in public environments; for example, insurance companies
are calculating premiums based on data gathered by sensors. Thus,
vehicles running on semi-slick tires can help people pre-empt any
obstacle during driving, thereby, ensuring drivers' safety and better
vehicle performance,"
says a senior analyst at Technavio for
research on automotive manufacturing.

Global automotive racing slicks market:
Segmentation analysis

This market research report segments the global automotive racing slicks
market by application (automobile racing and motorcycle racing),
end-user (replacement slicks and OEM slicks) and geographical regions
(APAC, EMEA, and the Americas).

The automobile racing segment held the largest market share in 2017,
accounting for nearly 82% of the market. This application segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 44%.
The region is expected to dominate the market through 2022, however,
there will be a decrease in its market share.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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