|06-18-2018 11:18 AM CET - Industry, Real Estate & Construction||
Global Earthmoving Equipment Tyres Market Production, Capacity Utilization Rate, Ex-Factory Price, Revenue and Demand Estimation with Forecast till 2026
Press release from: Fact.MR
As per the report by Fact.MR, the global earthmoving equipment tyres market is expected to witness moderate growth, growing at a CAGR of 4.0% in terms of value during the forecast period. The global earthmoving equipment tyres market is also estimated to bring in US$ 16,128.0 million in terms of value by the end of 2026. Meanwhile, in terms of volume, the market is projected to reach 1,884 million units by 2026 end. With advances in automation, the manufacturing process of tyres, especially earthmoving equipment tyres has accelerated. There has been an increase in construction and infrastructure projects globally and earthmovers are being used on a large scale in the construction industry. Hence, driving the demand for earthmoving equipment tyres. Below are the insights on how the global earthmoving equipment tyres market will perform in the coming years.
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Increasing Number of Construction Projects to Boost Demand
As the requirement for developing infrastructure in various cities continues to remain high, the ruling authorities are increasingly investing on construction of roads, highways, flyovers, and buildings. Rise in the urban population has also led to increase in demand for building construction projects globally. In addition, government in various countries are developing strategies to accommodate majority of their citizens within the safe confines of residential complexes with enhanced infrastructure facilities. In order to encourage development of smart cities, the ruling authorities are allocating funds to incorporate smart technological solutions for flyover, highways, buildings, streets, and roads. Increasing number of construction projects in various countries will continue to rope in demand for earthmoving equipment, which in turn is expected to reflect positively towards growth of the global market.
Radial Tyre to Represent a Leading Segment
Growing need for tracked vehicles for moving large objects or digging purposes has led to surge in demand for crawler excavator in the construction industry. On the basis of vehicle type, the backhoe loaders segment is expected to represent a significant revenue growth, accounting for a value of over US$ 4,400 Mn by the end of 2026. Also, the backhoe loaders segment is expected to register a healthy CAGR throughout the forecast period.
Based on tyre type, the radial segment is expected to generate significant revenues, recording a value of over US$ 7,100 Mn by the end of 2017. In addition, the radial tyres type segment is expected to register a robust CAGR during the forecast period.
By rim size, the 35-50 segment is expected to witness the highest revenue growth, accounting for a value of over US$ 5,800 Mn by the end of 2026. Moreover, the 35-50 rim size segment is expected to register the highest CAGR throughout the forecast period.
On the basis of sales channel, the aftermarket segment is expected to represent a robust revenue growth, recording a value of over US$ 6,300 Mn by the end of 2017. On the other hand, the aftermarket sales channel segment is expected to register a significant CAGR during the forecast period.
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Table of Contents:
1. Global Economic Outlook
2. Global Earthmoving Equipment Tyre Market - Executive Summary
3. Global Earthmoving Equipment Tyre Market Overview
3.1.1. Global Earthmoving Equipment Tyre Market Taxonomy
3.1.2. Global Earthmoving Equipment Tyre Market Definition
3.2. Global Earthmoving Equipment Tyre Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Earthmoving Equipment Tyre Market Y-o-Y Growth
3.3. Global Earthmoving Equipment Tyre Market Dynamics
3.4. Value Chain
3.5. Product lifecycle Assessment
3.6. Pricing Analysis
3.7. List of Distributors
3.8. Investment Feasibility Matrix
3.9 Global Construction Industry Projects
3.10 Global Earthmoving Equipment Tyre Market Scenario
3.11. Key Participants Market Presence (Intensity Map) By Region
4. Global Earthmoving Equipment Tyre Market Analysis and Forecast 2012-2026
4.1. Global Earthmoving Equipment Tyre Market Size and Forecast By Vehicle Type, 2012-2026
4.1.1. Crawlers Market Size and Forecast, 2012-2026
22.214.171.124. Revenue (US$ Mn) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
188.8.131.52. Y-o-Y growth Comparison, By Region
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