Commercial Vehicles Tires Market
Commercial Vehicles Tires - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Commercial Vehicles Tires Market is expected to growing at a CAGR of 5.4% during the forecast period. Growing investment in infrastructure, economic expansion and growing transport volumes are the major factors propelling market growth. However, the high replacement cost of these tires is hampering market growth.
Tires are the only component of a vehicle which comes in direct contact with the road. Tires in commercial vehicles are equipped to handle all sort of rough conditions including unpaved roads, sand, dirt and rocks can even be the norm in some places. They are exposed to several unsuitable environments and road conditions that entail the manufacturers to produce specific tires for a particular environment and weather conditions such as all-season, winter, and summer tires.
Based on the application, the mining segment is going to have a lucrative growth during the forecast period owing to the flourishing demand in the emerging markets. This has resulted in not only high demand for commercial vehicles but sustainable tires as well. With huge investments from domestic and international players, industry experts believe that the tire industry is all set to grow at an immense pace. The massive demand for mining unlocks the doorways for the growth in commercial vehicles tires market.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the augmenting construction activities in countries, such as India and ASEAN countries (including Thailand, Singapore, Vietnam, and others). Growing electrification of commercial vehicles in countries such as China is also expected to drive the growth of commercial vehicle tire market in the country.
Some of the key players profiled in the Commercial Vehicles Tires Market include Bridgestone Corporation, Continental AG, Balkrishna Industries Limited, The Michelin Group, Trelleborg Corporation, ATG Tires Private Limited, Sumitomo Corporation, Hankook Tire And Technology Group, McLaren Industries, and Goodyear Tyre And Rubber Company.
Vehicle Weights Covered:
• Less Than 3.5 Tons
• 3.5 Tons To 16 Tons
• More Than 16 Tons
Classifications Covered:
• Rim Diameter (<20 Inch)
• Rim Diameter (20 to 45 Inch)
• Rim Diameter (45 to 65 Inch)
Materials Covered:
• Natural Rubber
• Poly Butadiene Rubber
• Styrene-Butadiene Rubber
• Nylon Cord Fabric And Wire
Products Covered:
• Radial Tyre
• Bias Tyre
Vehicle Types Covered:
• Medium and Heavy Commercial Vehicle (M&HCVs)
• Light Commercial Vehicle (LCVs)
Terrains Covered:
• On-Road
• Off-Road
Sales Channels Covered:
• Online
• Offline
Applications Covered:
• Construction
• Mining
• Agriculture
• Transport
End Users Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Commercial Vehicles Tires Market, By Vehicle Weight
5.1 Introduction
5.2 Less Than 3.5 Tons
5.3 3.5 Tons To 16 Tons
5.4 More Than 16 Tons
6 Global Commercial Vehicles Tires Market, By Classification
6.1 Introduction
6.2 Rim Diameter (<20 Inch)
6.3 Rim Diameter (20 to 45 Inch)
6.4 Rim Diameter (45 to 65 Inch)
7 Global Commercial Vehicles Tires Market, By Material
7.1 Introduction
7.2 Natural Rubber
7.3 Poly Butadiene Rubber
7.4 Styrene Butadiene Rubber
7.5 Nylon Cord Fabric and Wire
8 Global Commercial Vehicles Tires Market, By Product
8.1 Introduction
8.2 Radial Tyre
8.3 Bias Tyre
9 Global Commercial Vehicles Tires Market, By Vehicle Type
9.1 Introduction
9.2 Medium and Heavy Commercial Vehicle (M&HCVs)
9.3 Light Commercial Vehicle (LCVs)
10 Global Commercial Vehicles Tires Market, By Terrain
10.1 Introduction
10.2 On-Road
10.3 Off-Road
11 Global Commercial Vehicles Tires Market, By Sales Channel
11.1 Introduction
11.2 Online
11.3 Offline
12 Global Commercial Vehicles Tires Market, By Application
12.1 Introduction
12.2 Construction
12.3 Mining
12.4 Agriculture
12.5 Transport
13 Global Commercial Vehicles Tires Market, By End User
13.1 Introduction
13.2 Original Equipment Manufacturer (OEM)
13.3 Aftermarket
14 Global Commercial Vehicles Tires Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
16.1 Bridgestone Corporation
16.2 Continental AG
16.3 Balkrishna Industries Limited
16.4 The Michelin Group
16.5 Trelleborg Corporation
16.6 ATG Tires Private Limited
16.7 Sumitomo Corporation
16.8 Hankook Tire And Technology Group
16.9 McLaren Industries
16.10 Goodyear Tyre And Rubber Company
List of Tables
1 Global Commercial Vehicles Tires Market Outlook, By Region (2018-2027) ($MN)
2 Global Commercial Vehicles Tires Market Outlook, By Vehicle Weight (2018-2027) ($MN)
3 Global Commercial Vehicles Tires Market Outlook, By Less Than 3.5 Tons (2018-2027) ($MN)
4 Global Commercial Vehicles Tires Market Outlook, By 3.5 Tons To 16 Tons (2018-2027) ($MN)
5 Global Commercial Vehicles Tires Market Outlook, By More Than 16 Tons (2018-2027) ($MN)
6 Global Commercial Vehicles Tires Market Outlook, By Classification (2018-2027) ($MN)
7 Global Commercial Vehicles Tires Market Outlook, By Rim Diameter (<20 Inch) (2018-2027) ($MN)
8 Global Commercial Vehicles Tires Market Outlook, By Rim Diameter (20 to 45 Inch) (2018-2027) ($MN)
9 Global Commercial Vehicles Tires Market Outlook, By Rim Diameter (45 to 65 Inch) (2018-2027) ($MN)
10 Global Commercial Vehicles Tires Market Outlook, By Material (2018-2027) ($MN)
11 Global Commercial Vehicles Tires Market Outlook, By Natural Rubber (2018-2027) ($MN)
12 Global Commercial Vehicles Tires Market Outlook, By Poly Butadiene Rubber (2018-2027) ($MN)
13 Global Commercial Vehicles Tires Market Outlook, By Styrene Butadiene Rubber (2018-2027) ($MN)
14 Global Commercial Vehicles Tires Market Outlook, By Nylon Cord Fabric And Wire (2018-2027) ($MN)
15 Global Commercial Vehicles Tires Market Outlook, By Terrain (2018-2027) ($MN)
16 Global Commercial Vehicles Tires Market Outlook, By On-Road (2018-2027) ($MN)
17 Global Commercial Vehicles Tires Market Outlook, By Off-Road (2018-2027) ($MN)
18 Global Commercial Vehicles Tires Market Outlook, By Sales Channel (2018-2027) ($MN)
19 Global Commercial Vehicles Tires Market Outlook, By Online (2018-2027) ($MN)
20 Global Commercial Vehicles Tires Market Outlook, By Offline (2018-2027) ($MN)
21 Global Commercial Vehicles Tires Market Outlook, By Application (2018-2027) ($MN)
22 Global Commercial Vehicles Tires Market Outlook, By Construction (2018-2027) ($MN)
23 Global Commercial Vehicles Tires Market Outlook, By Mining (2018-2027) ($MN)
24 Global Commercial Vehicles Tires Market Outlook, By Agriculture (2018-2027) ($MN)
25 Global Commercial Vehicles Tires Market Outlook, By Transport (2018-2027) ($MN)
26 Global Commercial Vehicles Tires Market Outlook, By Light Commercial Vehicle (LCVs) (2018-2027) ($MN)
27 Global Commercial Vehicles Tires Market Outlook, By Medium and Heavy Commercial Vehicle (M&HCVs) (2018-2027) ($MN)
28 Global Commercial Vehicles Tires Market Outlook, By End User (2018-2027) ($MN)
29 Global Commercial Vehicles Tires Market Outlook, By Original Equipment Manufacturer (OEM) (2018-2027) ($MN)
30 Global Commercial Vehicles Tires Market Outlook, By Aftermarket (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.