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 global leading players Michelin, Bridgestone and Goodyear are remarkable in the global heavy duty tires industry because of their market share and technology status of heavy duty tires.
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% .Recent years, the developing countries such as China, India and Brazil are playing more and more important roles in the market and investors should pay more attention to these regions
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 global Heavy-Duty Tires market is valued at 36700 million US$ in 2018 is expected to reach 29000 million US$ by the end of 2025, growing at a CAGR of -2.9% during 2019-2025.
This report focuses on Heavy-Duty Tires volume and value at global level, regional level and company level. From a global perspective, this report represents overall Heavy-Duty Tires market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
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
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Rim Diameter ≤29 inch
29 inch<Rim Diameter≤39 inch
39 inch<Rim Diameter≤49 inch
Rim Diameter >49 inch
Segment by Application
Heavy Duty Truck Tires
OTR Tires
Agricultural Tires
Summary:
Get latest Market Research Reports on Heavy-Duty Tires . Industry analysis & Market Report on Heavy-Duty Tires is a syndicated market report, published as Global Heavy-Duty Tires Market Research Report 2019. It is complete Research Study and Industry Analysis of Heavy-Duty Tires market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.