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The global Off-the-road tire market is driven with the continuous growth of various sectors such as agricultural and logistics, mining and construction.
Spanning over pages and exhibits, “Global Specialty Tire Market - ” report presents an in-depth assessment of the industry from till Mar 04, · Goodyear holds about a third of the market of tires sold to automobile companies and about 25 percent of the replacement-tire market. Sears stores sell about a tenth of the nation's replacement tires. Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
The growth of the market is further driven by the increase in the use of the off-the-road vehicles such as cranes, wheel loaders, telescopic handlers, tractors and special purpose vehicles. The increasing use of technology for achieving attributes such as increased durability including heat resistance, and reduced rolling resistance, are expected to generate opportunities for the manufacturers in the global market.
The increase in the use of heavy machineries and equipment in the agriculture, mining and industrial sectors, also increases the use of agricultural, mining and industrial tires.
The market experienced a downturn in the past few years, majorly, due to challenges in the coal mining segment. The increasing cost of coal mining due to the introduction of various government regulations, hinders the growth of the off-the-road tire market.
The decline in the prices of crude oil has led to a weak construction and mining activities. This slowdown in the growth of the construction and mining sector, is also expected to restrict the growth of the off-the-road tire market.
Of all construction types, the bias segment is projected to account for the largest market share. The construction of the bias tires is cross ply and the cords are used such that they stretch from bead to bead.
Bias tires possess an advantage over radial tires as it facilitates the entire body of the tire to flex.
This flexibility facilitates a comfortable and smooth ride on uneven and rough terrains.
However, the disadvantages of using these tires is that they have less traction and control at higher speed. Asia Pacific region, of all regions, is expected to dominate the global off-the-road tire market. In Asia Pacific region, China is a leading manufacturer of off-the-road vehicles and it also has the maximum amount of sales, thereby driving the growth of the market in the region.
Countries such as India, Japan, Thailand, and Malaysia, are also experiencing a boom in the sales of off-the-road tires and vehicles. Also, the booming agriculture and construction industry in the region, is expected to contribute growth in the global market.
The growth of off-the-road tire market will be followed by the North America and Europe. The report for Global Off-the-road tire market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry.
The report also gives a broad study of the different market segments and regions.1 And he spake a parable unto them to this end, that men ought always to pray, and not to faint; 2 saying, There was in a city a judge, which feared not God, neither regarded man: 3 and there was a widow in that city; and she came unto him, saying, Avenge me of mine adversary.
4 And he would not for. Figure MICHELIN SWOT Analysis Table Goodyear Company Details Table Goodyear SUV/Light Truck Tire Production (K Units), Revenue (Million US$), Price (USD/Unit) and Gross Margin () Figure Goodyear SUV/Light Truck Tire Production Growth Rate () Figure Goodyear SUV/Light Truck Tire Production Market Share in Global Market.
Mar 04, · Goodyear holds about a third of the market of tires sold to automobile companies and about 25 percent of the replacement-tire market.
Sears stores sell about a tenth of the nation's replacement tires.
Feb 14, · Global Commercial Truck Tire Market Research Report Presents Intellect by Leading Players, Type, Applications, In- Depth Analysis by Key Benefits, Capacity and Outlook- Bridgestone, MICHELIN, Goodyear, Continental. Automotive the situation of the small organization enterprise, significant players size, SWOT analysis, and.
Goodyear Tire and Rubber Company With the competitiveness of the US tire industry in , Goodyear Tire and Rubber Company is reconsidering a proposal from the department store Sears to carry Goodyear Eagle brand tires. Goodyear Shanghai Hankook Tire Sumitomo Rubber Zhongce Rubber Kumho Tires Linglong Tire Double Coin GITI Tire.
Global Automobile Tire research report performs SWOT analysis for the Automobile Tire international market to gain better insights on Strengths, Opportunities, development history, Automobile Tire industry competitive landscape analysis.