Markntel Advisors recently released a report on Commercial Vehicle Tire Market that provides trustworthy, objective, and precise insights into the market with the addition of accurate and reliable data explaining and briefing about the elements of the industry. The diverse fragmentation of the industry is handled by investigating each element, segment-wise, region-wise, and more, to comprehend a detailed and systematic report to provide the stakeholder with all the various tools and details of the industry.
The market is studied in three fragments or periods, that is, the historical period (2018-21), Base Year (2022), and the forecasting period (2028). The analysts at Markntel Advisors study the historical data and analyze its implication on base year and further branching of the industry to provide a detail-driven, accurate, and exhaustive compilation of information to cater to the required statistics and knowledge to predict the future ventures of the industry.
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What are the principal essential elements this study envelops?
The researcher deeply analyses the competitors and critical market participants in the industry to methodically procure systematic data and provide the stakeholder with all the significant direction-changers of the flow of the market. Through this competitor’s analysis, the study covers all the major profit strategies, tactics, market mergers and acquisitions, product launches, profit-loss cycle, marketing strategies, consumer reactions, and more. This section equips the stakeholder with the industry’s history, which has placed the industry at its position in the base year and could further shape its forecasting years. The report covers the following major market participants:
-Bridgestone Corporation
-Compagnie Générale des Établissements Michelin SCA
-Continental AG
-The Goodyear Tire & Rubber Company
-The Yokohama Rubber Company Ltd.
-Pirelli & C. S.p.A
-Hankook Tire & Technology
-Kumho Tire
-Sumitomo Rubber Industries, Ltd.
-Zhongce Rubber Group Co. Ltd.
-CEAT Limited
-MRF Tyres
-JK Tyre & Industries
-Apollo Tyres Limited
-Others
The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
Key Driver: Farm Mechanization Trend Pushing the Sales of Agriculture Commercial Tires
Agriculturally deprived economies have begun to incorporate machinery equipped with IoT, GPS, and Automation techniques in order to ramp up their yields. As such, the farm mechanization trend in developing countries like China has been speeding up in the past few years. The advent of large-scale farming equipment rental has called for increased adoption of tractors in farming techniques. Further, with new entrants willing to make the most out of the agricultural land, the need for more heavy commercial tires is expected to emerge in the coming years.
The Commercial Vehicle Tire industry is branched out and spread across depending on diversifying bifurcations. These divisions are further studied to annunciate the industry’s essential growing, profit-making branches or segments. The sector is made up of diverse fragmentations; these segmentations are:
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Market Segmented into, By Vehicle Type
-Light Commercial Vehicle
--Light Truck
--Light Bus
--Pickup Trucks and Vans
-Medium & Heavy Commercial Vehicle
--Truck
--Bus
Market Segmented into, By Tire Type
-Radial
-Bias
Market Segmented into, By Price Category
-Budget
-Economy
-Premium
Market Segmented into, By Sales Channel
-Multi-brand Stores
-Exclusive Outlets
-Online
Market Segmented into, By Demand Type
-OEM
-Aftermarket
Market Segmented into, By Application
-Cargo Transportation
-Public Transportation
-Oil & Gas Transportation
-Others (Construction Material Transportation, Towing, etc.)
Market Segmented into, By Tire Size
-Light Commercial Vehicle
--225/75R16
--245/75R16
--245/75R17
--265/70R17
--Others (265/75R16, 285/70 R17, etc.)
-Medium & Heavy Commercial Vehicle
--295/75R22.5
--225/70R19.5
--295/90R20
--295/80R22.5
--Others (11R22.5, 11R24.5, 245/70R19.5, etc.)
On similar lines, the market is branched across the region depending on geographic diversifications. These regional sections are further studied to provide the stakeholder with the regional factors affecting the market sales, influence, and fluctuations. The Commercial Vehicle Tire Market, based on region, is spread across:
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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Why choose Commercial Vehicle Tire Market research report by Markntel Advisors?
-The analysts provide you with customization offers, so the stakeholder can customize and personalize the report to their needs and wants. The analysts focus on the required elements and sculpt the study according to the wishes of the stakeholders.
-The research report focuses on the systematic organization of data, with each section divided into chapters and further classifications to present an easy, time-saving, and smoothly navigable study.
-The elements surrounding and shaping the Commercial Vehicle Tire industry, including the industry’s profit-loss cycle, major and minor acquisitions and external factors, current trends, and more, are included in the study report. To know further, kindly reach out to Markntel Advisors.
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Global Tire-Pressure Monitoring System Market, By Technology (Direct TPMS and Indirect TPMS), by Vehicle Type (Passenger vehicles, Light Commercial vehicles and Heavy Commercial vehicles), by Sales Channel (OEM, Aftermarket) and region - Forecast 2023
Synopsis of Tire-Pressure Monitoring System Market
Tire pressure monitoring system refers to an electronic system used for monitoring the air pressure and temperature of vehicle’s tire in real time and alerting the driver using an alarm and displaying the real time pressure and temperature on a LCD.
A reduction in the pressure of an automobile tire results in decreased tire life, mileage, safety, and vehicle performance.
The major advantages of introducing such systems are that they improve convenience during driving and help reduce the number of accidents.
These factors are expected to increase the focus of the customers for adoption of advanced safety systems such as tire pressure indicators, anti-brake systems, and electronic stability control in the vehicles.
