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According to a new market research report published by Credence Research "Heavy-duty Tires Market – Growth, Future Prospects, and Competitive Landscape, 2018-2026," the market for heavy-duty tires registered a market value of US$ 18.6 billion in 2017 and is estimated to grow with a CAGR of 4.2% over the forecast period from 2018 to 2026.By Application: Construction & Mining, Industrial Equipment, Agricultural and Forestry Equipment
By Distribution Channel: OEM and Aftermarket
By Sales Channel: Direct Retail & Online Retail
Market Insights:
Growth in the infrastructure industry around the globe and especially in the developing region of Asia Pacific, Middle East & Africa and Latin America has certainly driven the need for construction and other heavy equipment. As this equipment works in hostile conditions, frequent replacement of consumable parts such as tires is a common phenomenon and therefore the market for heavy-duty tires is growing at a considerable rate and is expected to grow even further in the coming years. Besides tires for construction equipment, tires for other heavy equipment including mining equipment, industrial equipment, and forestry equipment are also experiencing considerable growth in past few years. However, the proliferation of mechanized farming has significantly boosted demand for tire of agricultural equipment such as tractors and harvesters. As a result, growth in off high-way and heavy-duty automotive and equipment is complementing growth for both the new and aftermarket tires market and is projected to grow significantly over the forecast period from 2018 to 2026.
The complete report is available at: https://www.credenceresearch.com/report/heavy-duty-tires-market
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Competitive Insights:
The research analysis covers exhaustive analysis of leading heavy-duty tires manufacturers including :
Bridgestone Corporation,
Balkrishna Industries Limited (BKT),
Continental Tires,
Cavi Elettrici e Affini Torino (CEAT),
Titan Tire Corporation,
The Goodyear Tire & Rubber Company,
Compagnie Générale des Établissements Michelin SCA (Michelin),
Pirelli & C. S.p.A.,
Sumitomo Rubber Industries, Ltd.,
Hankook Tire,
The Yokohama Rubber Company,
Limited,
Xuzhou Armour Rubber Company, Ltd.,
Trelleborg Wheel Systems Czech Republic (Mitas),
MAITECH TIRE SRL,
Apollo Tyres Ltd.
Heavy-duty tire market is highly fragmented however, the market is dominated by few of the most prominent players including Bridgestone Corporation and Michelin. Major heavy-duty tire manufacturers are consistently upgrading their existing product and are involved in developing new product for special equipment and applications. The companies are incorporating different business strategies depending on the regional nature of the market. For instance, these companies revised their product prices in developing region of Asia Pacific and Latin America. However, the companies are introducing new and special purpose tires in developed region of North America and Europe. These companies face fierce competition with their rivals to claim their dominance on the biggest market of Asia Pacific.
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Table of Content:
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2. Executive Summary
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3. Global Heavy-duty Tires Market Analysis
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4. Global Heavy-duty Tires Market Value, by Application, 2016 – 2026 (US$ Mn)
4.1. Overview
4.1.1. Global Heavy-duty Tires Market Value Share, by Application, 2017 & 2026 (Value %)
4.1.2. Global Heavy-duty Tires Market Value, by Application, 2016 - 2026 (US$ Mn)
4.2. Construction & Mining Equipment
4.2.1. Global Heavy-duty Tires for Construction & Mining Equipment Market, 2016 – 2026 (US$ Mn)
4.3. Industrial Equipment
4.3.1. Global Heavy-duty Tires for Industrial Equipment Market, 2016 – 2026 (US$ Mn)
4.4. Agricultural Equipment
4.4.1. Global Heavy-duty Tires for Agriculture Equipment Market, 2016 – 2026 (US$ Mn)
4.5. Forestry Equipment
4.5.1. Global Heavy-duty tires for Forestry Equipment Market, 2016 – 2026 (US$ Mn)
5. Global Heavy-duty Tires Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn)
5.1. Overview
5.1.1. Global Heavy-duty Tires Market Value Share, by Distribution Channel, 2017 & 2026 (Value %)
5.1.2. Global Heavy-duty Tires Market Value, by Distribution Channel, 2016 - 2026 (US$ Mn)
5.2. OEM
5.2.1. Global OEM Heavy-duty Tires Market, 2016 – 2026 (US$ Mn)
5.3. Aftermarket
5.3.1. Global Aftermarket Heavy-duty Tires Market, 2016 – 2026 (US$ Mn)
6. Global Heavy-duty Tires Market Value, by Sales Channels, 2016 – 2026 (US$ Mn)
6.1. Overview
6.1.1. Global Heavy-duty Tires Market Value Share, by Sales Channel, 2017 & 2026 (Value %)
6.1.2. Global Heavy-duty Tires Market Value, by Sales Channel, 2016 - 2026 (US$ Mn)
6.2. Direst Retail
6.2.1. Global Direct Retail for Heavy-duty Tires Market, 2016 – 2026 (US$ Mn)
6.3. Online Retail
6.3.1. Global Online Retail for Heavy-duty Tires Market, 2016 – 2026 (US$ Mn)
7. North America Heavy-duty Tires Market Analysis, 2016 – 2026 (US$ Mn)
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8. Europe Heavy-duty Tires Market Analysis, 2016 – 2026 (US$ Mn)
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9. Asia Pacific Heavy-duty Tires Market Analysis, 2016 – 2026 (US$ Mn)
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10. Rest of World (RoW) Heavy-duty Tires Market Analysis, 2016 – 2026 (US$ Mn)
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11. Company Profiles
11.1. Bridgestone Corporation
11.2. Balkrishna Industries Limited (BKT)
11.3. Continental Tires
11.4. Ceat Tires
11.5. Titan Tire Corporation
11.6. The Goodyear Tire & Rubber Company
11.7. Michelin
11.8. Pirelli
11.9. Sumitomo Rubber Industries, Ltd.
11.10. Hankook Tire
11.11. Yokohama
11.12. Armour Tires
11.13. Mitas
11.14. Maitech Tire
11.15. Apollo
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The complete report is available at https://www.credenceresearch.com/report/heavy-duty-tires-market
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