The global economy is expected to expand 5.6% in 2021，global recovery is strong but uneven as many emerging market and developing economies continue to struggle with the COVID-19 pandemic, the world is unlikely to ever reach global herd immunity. However, the recovery in many countries is being held back by a resurgence of COVID-19 cases and lagging vaccination progress, as well as the withdrawal of policy support in some instances.
The annual U.S. economic growth rate slipped to -3.5% in 2020, but grew at a yearly pace of more than 6% in the previous two quarters of 2021. The economy of continental Europe bounced back in the second quarter after having contracted in both the fourth quarter of 2020 and the first quarter of 2021, as the vaccinations accelerated, and governments eased restrictions. Among major economies, the annualized growth rate was 6.1% in Germany, 3.6% in France, 11.2% in Italy, and 11.7% in Spain. The especially rapid growth in Spain and Italy was attributed to a surge in consumer spending, likely the result of an easing of economic restrictions.
Regional Economic Prospects: Growth in the East Asia and Pacific is projected to accelerate by 7.7% in 2021, Central Asia is forecast to grow by 3.9% this year, economic activity in the Middle East and North Africa is forecast to advance by 2.4%, South Asia is projected to expand by 6.8%.
The global Automotive Snow Chains market size was USD XX billion in 2021. It is likely to progress at a CAGR of XX% during the forecast period of 2022-2027, according to XYZResearch analysis, The segment in Automotive Snow Chains market is estimated to reach a market value of USD XX billion by 2021 from an initial market value of USD XX billion in 2021. China market value in 2021 is about USD XX billion, and China Automotive Snow Chains production is XX (K Units). US market value in 2021 is about USD XX billion, and US Automotive Snow Chains production is XX (K Units). Europe market value in 2021 is about USD XX billion, and Europe Automotive Snow Chains production is XX (K Units).
Regional Segmentation (Value; Revenue, USD Million, 2017 - 2027) of Automotive Snow Chains Market by XYZResearch Include
Competitive Analysis; Who are the Major Players in Automotive Snow Chains Market?
Peerless Industrial Group
Thule Group (Thule Snow Chains)
APV Safety Products
Lianyi Rubber Components
BABAC Tire Chains
Moose Utility Division
Hangzhou Felice chain
Laclede Chain Manufacturing Company
Major Type of Automotive Snow Chains Covered in XYZResearch report:
Application Segments Covered in XYZResearch Market
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Summary: Get latest Market Research Reports on Automotive Snow Chains. Industry analysis & Market Report on Automotive Snow Chains is a syndicated market report, published as (Post-pandemic Era)-Global Automotive Snow Chains Market Segment Research Report 2021. It is complete Research Study and Industry Analysis of Automotive Snow Chains market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.