This study focuses on the production side and consumption side of Heavy-Duty Tires, presents the global Heavy-Duty Tires market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Heavy-Duty Tires capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type. In terms of consumption side, this report focuses on the consumption of Heavy-Duty Tires by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. 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 Heavy-Duty Tires market was valued at 36700 Million US$ in 2017 and is projected to reach 29000 Million US$ by 2025, at a CAGR of -2.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Heavy-Duty Tires.
This report includes the following manufacturers; we can also add the other companies as you want.
Double Coin Holdings
Market Segment by Product Type
Rim Diameter ≤29 inch
29 inch＜Rim Diameter≤39 inch
39 inch＜Rim Diameter≤49 inch
Market Segment by Application
Heavy Duty Truck Tires
Key Regions split in this report:
Central & South America
Middle East & Africa
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