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BUCHAREST Authentic John Klingberg Jersey , Sept. 27 (Xinhua) -- The Romanian Army will procure its first Patriot missile system by the end of the year, Defence Minister Mihai Fifor stated on Wednesday.

"We are waiting for the approval letter of the United States so that we can move on to contracting and we can purchase the first program," affirmed the minister.

The PAC 3 Plus Missile System that Romania is considering acquiring has an estimated life of 30 years, according to sources of the defence ministry.

On July 11 Authentic Dan Hamhuis Jersey , the U.S. Department of State approved a possible sale of Patriot systems to Romania worth 3.9 billion U.S. dollars, after bilateral negotiations earlier this year on the purchase of Patriot batteries.

The acquisition will provide protection from aggressive air attacks not only for Romania, "it also contributes to the defense of Romania's neighbors and the NATO alliance as a whole," U.S. Ambassador in Bucharest Hans Klemm told local media in July.

The short and medium-range surface-to-air missile systems currently used by Romania are largely obsolete Jason Spezza Jersey , as most of them were made in the former Soviet Union and technical operating resources are almost overused and their chances for upgrading are unsustainable, according to the defence ministry.

Lantern festival held to celebrate upcoming National Day

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Int'l Conference on Intelligent Robots and Systems kicks off in Vancouver

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Modern manufacturing, transport help six Chinese provinces develop fast

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Market Overview


Factors such as positive growth in automotive industry Alexander Radulov Jersey , rising sales of passenger vehicles and growing research and development in tire industry are positively impact on the growth of automotive tubeless tire market. The concept of “green tire” is now creating a benchmark for the industry’s competitiveness. Green tires provide numerous benefits over conventional tires including lower fuel consumption. Global automotive tubeless tire market is highly consolidated; fuel efficiency and safety concerns are the key factors influencing the sales of tubeless tires in developing countries. The tire industry is largely occupied by the organized sector; however the unorganized sector dominates the bicycle tire market. Big players of the market are setting up well equipped in-house R&D centers with emphasis on developing cutting-edge technology for new compounds, new designs for different segments and new reinforcement materials.



Market Segmentation


By Tire Type


• Radial Tubeless Tire


• Bias Tubeless Tire


By Vehicle Type


• Passenger Car


• Commercial Vehicles


• Others


By Distribution Channel


• Original Equipment manufacturer (OEMs)


• Aftermarket


By Region


• North America (U.S., Canada)


• Latin America (Mexico, Brazil and Rest of Latin America)


• Europe (Germany Ben Bishop Jersey , Italy, Spain, France, The U.K. Stephen Johns Jersey , Netherlands, Sweden, Hungary, Russia Brett Ritchie Jersey , Poland, Rest of Europe)


• Asia-Pacific (China, India, Singapore Esa Lindell Jersey , Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific)
• Middle East and Africa (MEA)


• Rest of World


Market Size and Forecast


The global automotive tubeless tire market is expected to reach USD 192.8 billion by the end of 2024; the market is likely to expand at a CAGR of 6.2% over the forecast period i.e. 2016-2024. Intense competition in the market has forced the major giants such as Yokohama Rubber Tyler Pitlick Jersey , Apollo Tires and others to acquire small manufacturers in order to expand their business in untapped regions. As per the data of OICA, more than 60 million of passenger cars were sold in 2016; china dominated the global market with a revenue share of 58.5% in 2016. OEMs segment expected to witness significant growth due to rise in production of vehicles and increasing number of OEMs manufacturing plants in developing countries.


Key Players


• Goodyear Tire and Rubber Company


o Synopsis


o Financial Analysis


o Business Strategy


o Product Portfolio


o SWOT Analysis


• Yokohama Tires


• Bridgestone Corporation


• Continental AG


• Pirelli Tire S.p.A


• Sumitomo Rubber Industries, Ltd


• Hankook Tire Co. Ltd.


• Toyo Tire & Rubber Co. Ltd.


• MICHELIN


• MRF


• CEAT


• Apollo Tyres


• Kumho Tyre


• Alliance Tire Group


Scope Background


Market Synopsis


Market Segmentation


The global automotive tubeless tire market is segmented as follows:


• By Tire Type (Market Size, Demand Analysis and Growth Analysis)


• By Vehicle Type (Market Size Devin Shore Jersey , Demand Analysis and Growth Analysis)


• By Distribution Channel Type (Market Size, Demand Analysis and Growth Analysis)
By Regions


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