Market Research Report
Automotive Racing Slicks
|Automotive Racing Slicks|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 275 Pages
Delivery time: 1-2 business days
Global Automotive Racing Slicks Market to Reach 27.7 Million Units by 2027
Amid the COVID-19 crisis, the global market for Automotive Racing Slicks estimated at 8.7 Million Units in the year 2020, is projected to reach a revised size of 27.7 Million Units by 2027, growing at aCAGR of 18% over the period 2020-2027. Automobile Racing, one of the segments analyzed in the report, is projected to record 18.6% CAGR and reach 23.1 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Motorcycle Racing segment is readjusted to a revised 15.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 2.3 Million Units, While China is Forecast to Grow at 23.3% CAGR
The Automotive Racing Slicks market in the U.S. is estimated at 2.3 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 6.6 Million Units by the year 2027 trailing a CAGR of 23.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 16% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.
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