The Heavy-Duty Tires market report provides historical data along with future forecast and detailed analysis for Heavy-Duty Tires on a global and regional level.
Heavy-duty tire is tire sepcially used for heavy-duty vehicles.
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%.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, core technology improvement, manufacturing equipment innovation, and brand establishment.
The worldwide market for Heavy-Duty Tires is expected to grow at a CAGR of roughly -2.8% over the next five years, will reach 31100 million US$ in 2024, from 36700 million US$ in 2019.
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TOP MOST PLAYERS:
Double Coin Holdings
Hawk International Rubber
Shandong Taishan Tyre
Fujian Haian Rubber
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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
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.