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2020-09-01
805
Global
The expanding automotive industry across the world, even penetrating to the emerging economies is boosting the demand in tire industry. The infrastructure development, transportation necessity has increased the number of trucks & buses on roads. With the varied size & load of truck & bus there is varied demand & supply of radial tires. Globally it is anticipated that the demand of TBR (Truck & Bus Radial) tire will expand at a compounded annual growth rate of 4.4% during the forecast period 2017-2030.
TBR tire are primarily designed for the truck & bus which are more than 21 ft. in size & more than 10,000 lbs. in gross weight of the vehicle. The TBR tires are manufactured with the purpose of supporting transportation services. Since these vehicles have maximum travel time on highways, they are specifically designed with the features such as adaptive sidewalls for comfortable driving, low heating of tire at high speeds, higher impediment against tread-related harm, and provide benefit of low fuel consumption to enhance performance & durability.
By Tire Axle Type
By Service Application
By Distribution Channel
By Target Market
By Geography
Based on geography, Asia-Pacific region accounted for largest market share of nearly 55.0% in 2017 due to the presence of large global companies with their manufacturing base in the region. China is the largest producer of TBR tire across the region & global. In 2016, China estimated total production of TBR tire at 125.03 million TBR tires. On the other hand other developing regions such as South America & Middle East & Africa are also showing positive signs for the expansion of TBR tire market, such that new manufacturing plants are being setup in these regions by the leading tire manufacturers.
Further the Global tire market report discusses the growth drivers of the market such as increased production of truck & busses, advancing R&D in TBR tire manufacturing, government authorities initiative towards strengthening the transportation sector. Whereas there are few challenges in the market that are need to be considered such as high replacement cost of truck & bus radial tire as compared to bias tire, sustainability concerns over using rubber for manufacturing tires, and other economic factors hamper the growth of the market including truck ownership, fuel costs, driving patterns and behaviors, and transport alternatives.
Global TBR Tire Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Truck And Bus Radial (TBR) Tires" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
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OR Call Us:+1-646-568-7747Global Tire Industry Analysis By Product Type And, By Geography & COVID-19 Impact With Market Outlook 2017- 2030
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