The Truck And Bus Tires Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Truck And Bus Tires Global Market Report 2024, The truck and bus tires market size has grown steadily in recent years. It will grow from $44 billion in 2023 to $45.61 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to global economic growth, expansion of logistics and freight industries, infrastructure development projects, fleet expansion and modernization, urbanization and public transportation needs.
The truck and bus tires market size is expected to see steady growth in the next few years. It will grow to $53.17 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to e-commerce boom and last-mile delivery, green initiatives and fuel efficiency, renewable energy and electric vehicles, government regulations on safety and emissions, recovery from economic downturns. Major trends in the forecast period include integration of intelligent tire monitoring systems, demand for all-season and specialized tires, rising adoption of radial tires, focus on heavy-duty and load-carrying capacity, development of self-healing tire technology.
An increase in demand for commercial vehicles is expected to propel the truck and bus tires market going forward. Commercial vehicles refer to motor vehicle that transports goods or passengers for business purposes. Commercial vehicles use truck and bus tires as they offer good traction at various speeds and weather conditions with high load-carrying capacity and low rolling resistance. For instance, in July 2022, according to Daimler Truck Holding AG, a Germany-based manufacturer of commercial vehicles, the sales of its trucks and buses globally increased to 455,400 units by 20% in 2021 and further incoming orders for trucks in 2021 amounted to 590,000 units by 37% globally. Therefore, the increase in demand for commercial vehicles is driving the truck and bus tires market.
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The truck and bus tire market covered in this report is segmented –
1) By Type: Radial, Bias
2) By Vehicle Type: Light Duty Vehicle, Heavy Duty Vehicle, Passenger Bus Vehicle
3) By Distribution Channel: OEM (Original Equipment Manufacturer), Aftermarket
4) By Application: Truck Tire, Bus Tire
Major companies operating in the truck and bus tires market are undergoing into strategic collaborations for developing innovative products to strengthen their market position. Strategic collaborations in the truck and bus tires market drive innovation, efficiency, and competitiveness. Leveraging strengths, companies navigate challenges, seize market opportunities, and collectively advance the industry. For instance, in July 2023, CEAT, an India-based multinational tire manufacturing company, and Marangoni S.p.A., an Italy-based green tire manufacturing company, have joined forces to boost tire retreading for trucks and buses in India. The partnership combines CEAT's quality tire casings with Marangoni's advanced retreading tech for superior performance. Emphasizing sustainability, the collaboration aims to extend tire life, reducing the environmental impact of the transport industry.
The truck and bus tires market report table of contents includes:
1. Executive Summary
2.Truck And Bus Tires Market Characteristics
3. Truck And Bus Tires Market Trends And Strategies
4. Truck And Bus Tires market analysis
5.Truck And Bus Tires Market Size And Growth
6.Truck And Bus Tires Segmentation
7.Truck And Bus Tires Regional And Country Analysis
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27.Truck And Bus Tires Competitive Landscape And Company Profiles
28.Truck And Bus Tires Key Mergers And Acquisitions
29.Truck And Bus Tires Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Continental AG
- Michelin Group
- Bridgestone Corporation
- Goodyear Tire & Rubber Company
- Sumitomo Rubber Industries Ltd.
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The latest trending report Global Truck-Bus Tires Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Truck-Bus Tires market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 2.5% in the forecast period of 2020 to 2025 and will expected to reach USD 47320 million by 2025, from USD 42910 million in 2019.The Truck-Bus Tires market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/21887-truck-bus-tires-market-analysis-reportThe major players covered in Truck-Bus Tires are:BridgestonePirelliContinentalMICHELINDouble CoinGoodyearSailun jinyu GroupSumitomo RubberZC RubberAeolus TyreKUMHO TIRELinglong TireCooper tireXingyuan groupTriangle Tire GroupGiti TireHankookToyo TiresCheng Shin RubberYOKOHAMABy Type, Truck-Bus Tires market has been segmented into:OEM TireReplacement TireBy Application, Truck-Bus Tires has been segmented into:TruckBusThe report offers in-depth assessment of the growth and other aspects of the Truck-Bus Tires market in important countries (regions), including:North America (United States/n Canada and Mexico)Europe (Germany/n France/n UK/n Russia and Italy)Asia-Pacific (China/n Japan/n Korea/n India and Southeast Asia)South America (Brazil/n Argentina/n etc.
)Middle East & Africa (Saudi Arabia/n Egypt/n Nigeria and South Africa)Download Free Sample Report of Global Truck-Bus Tires Market @ https://www.decisiondatabases.com/contact/download-sample-21887The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Truck-Bus Tires product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Truck-Bus Tires, with price, sales, revenue and global market share of Truck-Bus Tires in 2018 and 2019.Chapter 3, the Truck-Bus Tires competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Truck-Bus Tires breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Truck-Bus Tires market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Truck-Bus Tires sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Truck-Bus Tires Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-21887All Tires Related Reports by DecisionDatabases.com @ https://goo.gl/xJuykgAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
The Global Truck Tires Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Truck Tires Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/7051-truck-tires-industry-market-reportThe report also covers the complete competitive landscape of the global Truck Tires market with company profiles of key players such as: ContinentalMichelinBridgestoneGoodyearHankookPirelliNokianGitiSumitomo RubberToyo Tire & RubberYokohama RubberCooperThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeDiagonal TiresRadial TiresBy ApplicationMini TruckLight TruckMedium-sized TruckHeavy TruckBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Truck Tires Market @ https://www.decisiondatabases.com/contact/download-sample-7051The Global Truck Tires Market has been exhibited in detail in the following chapters –Chapter 1 Truck Tires Market Preface Chapter 2 Executive SummaryChapter 3 Truck Tires Industry AnalysisChapter 4 Truck Tires Market Value Chain AnalysisChapter 5 Truck Tires Market Analysis By TypeChapter 6 Truck Tires Market Analysis By ApplicationChapter 7 Truck Tires Market Analysis By GeographyChapter 8 Competitive Landscape Of Truck Tires CompaniesChapter 9 Company Profiles Of Truck Tires IndustryPurchase the complete Global Truck Tires Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-7051Other Reports by DecisionDatabases.com:Global OTR Tires Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Automotive Tire Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Specialty Tire Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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