The global Heavy-Duty Tires market was valued at 3520.02 Million USD in 2021 and will grow with a CAGR of 2.75% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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.
By Market Verdors:
- Zhongce Rubber
- Chem China
- Double Coin Holdings
- Guizhou Tire
- Prinx Chengshan
- Yokohama Tire
- Linglong Tire
- Xugong Tyres
- Hawk International Rubber
- Shandong Taishan Tyre
- Shandong Yinbao
- Fujian Haian Rubber
- JK Tyre
- Specialty Tires
- Techking Tires
- Rim Diameter 29 inch
- 29 inchRim Diameter39 inch
- 39 inchRim Diameter49 inch
- Rim Diameter 49 inch
- Heavy Duty Truck Tires
- OTR Tires
- Agricultural Tires
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Table of content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.4.1 North America Market States and Outlook (2022-2027)
1.4.2 East Asia Market States and Outlook (2022-2027)
1.4.3 Europe Market States and Outlook (2022-2027)
1.4.4 South Asia Market States and Outlook (2022-2027)
1.4.5 Southeast Asia Market States and Outlook (2022-2027)
1.4.6 Middle East Market States and Outlook (2022-2027)
1.4.7 Africa Market States and Outlook (2022-2027)
1.4.8 Oceania Market States and Outlook (2022-2027)
1.4.9 South America Market States and Outlook (2022-2027)
1.5 Global Heavy-Duty Tires Market Size Analysis from 2022 to 2027
1.5.1 Global Heavy-Duty Tires Market Size Analysis from 2022 to 2027 by Consumption Volume
1.5.2 Global Heavy-Duty Tires Market Size Analysis from 2022 to 2027 by Value
1.5.3 Global Heavy-Duty Tires Price Trends Analysis from 2022 to 2027
1.6 COVID-19 Outbreak: Heavy-Duty Tires Industry Impact
Chapter 2 Global Heavy-Duty Tires Competition by Types, Applications, and Top Regions and Countries
2.1 Global Heavy-Duty Tires (Volume and Value) by Type
2.1.1 Global Heavy-Duty Tires Consumption and Market Share by Type (2016-2021)
2.1.2 Global Heavy-Duty Tires Revenue and Market Share by Type (2016-2021)
2.2 Global Heavy-Duty Tires (Volume and Value) by Application
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