Business

Global Heavy-Duty Tires Market 2019 is growing at a CAGR of -2.8% upto 2024 and expected to reach around USD 31100 million globally by 2024

Global Heavy-Duty Tires Market
Global Heavy-Duty Tires Market

Heavy-duty tire is tire sepcially used for heavy-duty vehicles.
The global heavy duty tires market is relatively concentrated as the manufacturing technology of heavy duty tires is relatively higher than some light tires. Some enterprises are well-known for the wonderful performance of their heavy duty tires and related services.

The consumption volume of heavy duty tires is related to downstream industries and global economy. There are many manufactures in this field. The global consumption volume of heavy duty tires will increase from 175 million units in 2016 to 180 million units in 2022, with an annual growth rate of 0.49%

The largest Market of heavy duty tires is Asia-Pacific, with market share of about 51.05% in 2016, followed by Europe and North America, with market share of 17.90% and 15.36%.

The Heavy-Duty Tires market is mainly divided into heavy-duty trucks, OTR tires and agricultural tires. The heavy duty tires are the largest market due to the large production of heavy-duty trucks. In 2016, the revenue market share of heavy-duty trucks, OTR tires and agricultural tires are 72.52%, 17.74% and 9.74%.

According to this study, over the next five years the Heavy-Duty Tires market will register a -2.8% CAGR in terms of revenue, the global market size will reach US$ 31100 million by 2024, from US$ 36700 million in 2019.

Global Heavy-Duty Tires Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Heavy-Duty Tires Industry report also provides essential attributes associated with Heavy-Duty Tires market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.

Obtain the Brochure of the Report: https://www.apexmarketsresearch.com/report/global-heavy-duty-tires-market-by-product-type-88348/#sample

Global Heavy-Duty Tires Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Heavy-Duty Tires business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Heavy-Duty Tires market in-depth outlook by analyzing historical statistics and future prospect.

TOP MOST PLAYERS:
Bridgestone
Michelin
Goodyear
Continental
Zhongce Rubber
Apollo
Chem China
Double Coin Holdings
Guizhou Tire
Titan
Prinx Chengshan
Trelleborg
Pirelli
Yokohama Tire
BKT
Linglong Tire
Xugong Tyres
Triangle
Hawk International Rubber
Nokian
Shandong Taishan Tyre
Carlisle
Shandong Yinbao
Sumitomo
Doublestar
Fujian Haian Rubber
JK Tyre
Specialty Tires
Techking Tires

Market Segment by Type, covers:
Rim Diameter ≤29 inch
29 inch<Rim Diameter≤39 inch
39 inch<Rim Diameter≤49 inch
Rim Diameter >49 inch

Market Segment by Applications, can be divided into:
Heavy Duty Truck Tires
OTR Tires
Agricultural Tires

Buying Inquiry: https://www.apexmarketsresearch.com/report/global-heavy-duty-tires-market-by-product-type-88348/#inquiry

The prospective of this Heavy-Duty Tires industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Heavy-Duty Tires present market share and future prospects of the segment in terms of has also been explored in this report.

Global Heavy-Duty Tires market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Heavy-Duty Tires report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.

Conclusively, the Heavy-Duty Tires Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.

About the author

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Tim Coleman

With thorough interest in media and technology, I write about everything tech. Over the past 8 years, I have written numerous articles and research papers about international trade and consumer media. I also write opinion pieces about video games, internet, and evolving technology. My engineering degree in the field of information systems also helped a great deal in strengthening my interest and knowledge in the field of technology.

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