Press release
Off-road tires Market - 2018 Global Leading Players, Key Country Analysis To 2023: Apollo, Bridgestone, Cheng Shin Rubber Industry, Continental, Giti Tire, The Goodyear Tire, JK Tyre, Michelin, Titan Tire, Toyo Tire, And Yokohama
Report provides comprehensive information on Global Off-road tires Market by Application (Throttle by wire, Brake by wire, Shift by wire, Steer by wire, others), by Vehicle type (Passenger cars, Commercial Vehicles) and by Region. Off-road tires Market size, share, merger and acquisition, key country analysis, with global market historic and forecast data to 2023, is included in report.
Get Sample Copy of “Off-road tires (Off-road tyre) Market Research Report- Forecast 2023” At: https://www.marketresearchfuture.com/sample_request/5029
Off-road tires (Off-road tyre) Market Key Company Reviewed in Report:
Apollo Tyres (India), Balkrishna Industries (BKT) (India), Bridgestone (Japan), Cheng Shin Rubber Industry Co (Taiwan), Continental AG (Germany), Giti Tire (Singapore), The Goodyear Tire & Rubber Company (U.S.), JK Tyre & Industries Ltd (India), Michelin (France), Nokian Tyres plc (Finland), Pirelli & C. S.p.A. (Italy), The Titan Tire Corporation (U.S.), Toyo Tire & Rubber Co., Ltd. (Japan), Trelleborg AB (Sweden) and The Yokohama Rubber Company (Japan) among others.
Off-road tires (Off-road tyre) Market Synopsis:
Off-the-road tire, also, known as the Specialty Tire, as the name suggests are tires specially designed for the Vehicles used in the sectors such as construction, mining, highway service and port etc. Attributing to their qualities such as extreme durability and resistance to the heat & reduced rolling, the specialty tires are exclusively used in the off-the-road vehicles such as cranes, wheel loaders, telescopic handlers, tractors and special purpose vehicles.
Over the past decade, owing to the technological advancements coupled with the increasing uses of the specialty vehicles, Off-the-road tires have evolved greatly, witnessing further betterments in their quality & augmented sales. This, in turn, has escalated the market of Off-the-road tires to extended heights on the global platform.
Global off-the-road tire market is a very dynamic market and is expected to witness high growth over the forecast period. The global Off-the-road tire market is driven with the continuous growth of various sectors such as agricultural and logistics, mining and construction. 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.
Off-road tires (Off-road tyre) Market Segmentation:
Off The Road Tire Market can be segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
By Construction Types: On the basis of construction type, the market can be segmented into bias, belted bias and radial. Among these, the bias segment is expected to hold the largest market share. Bias tires are constructed using cross ply and the cords stretch from bead to bead. Bias tires are preferred over radial tires as it facilitates the entire tire to flex. The flexibility offers a smooth and comfortable ride on rough and uneven terrains. However, these tires have less traction and less control at higher speed.
By Vehicle Types: On the basis of vehicle type, the market can be segmented into mining, agriculture vehicles, construction and industrial equipment and others. The commercial vehicles are expected to witness a prominent growth during the forecast period due to the rise in demand for OTR tires in vehicles used for tractor applications and off-road construction.
By Distribution Channel: Based on distribution channel, the market can be segmented into OEM and aftermarket. The OEM segment is anticipated to expand at a fast pace since these tires are used in bad weather conditions and do not require frequent replacement. OTR tires require to be replaced only when they are damaged or worn out after prolonged use.
By Regions: North America, Europe, APAC and Rest of the World.
Off-road tires (Off-road tyre) Market Regional Analysis:
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.
Off-road tires (Off-road tyre) Industry Developments:
March 19, 2018 – GCR Tires & Service (US), a leading global manufacturer of specialty tire, commercial tire and service network operated by Bridgestone Corporation, while launching its digital tool - Commercial Truck Tire Finder that allows customers to quickly find products for their tire needs; announced that GCR will be launching its second version of the Tire Finder tool for off-the-road (OTR) tire customers by end of the month – June 2018.
March 27, 2018 – Simple Tire LLC (US), a leading online tire retailer announced the addition of a scheduling tool for consumers onto its website. The tool is helpful to schedule an installation appointment with a local service center. The scheduling tool is available with any kind of tire purchase including off-the-road tires.
List of Tables:
TABLE 1 GLOBAL OFF-THE-ROAD TIRE MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL OFF-THE-ROAD TIRE MARKET, BY CONSTRUCTION TYPE, BY REGIONS, 2017-2023
TABLE 7 NORTH AMERICA OFF-THE-ROAD TIRE MARKET, BY CONSTRUCTION TYPE, BY COUNTRY, 2017-2023
TABLE 8 EUROPE OFF-THE-ROAD TIRE MARKET, BY RESIN TYPE, BY COUNTRY, 2017-2023
TABLE 9 ASIA PACIFIC OFF-THE-ROAD TIRE MARKET BY CONSTRUCTION TYPE, BY COUNTRY, 2017-2023
TABLE 10 ROW OFF-THE-ROAD TIRE MARKET BY CONSTRUCTION TYPE, BY COUNTRY, 2017-2023
TABLE 11 GLOBAL AUTOMOTIVE POWERTRAIN SYSTEM BY VEHICLE TYPE MARKET: BY REGIONS, 2017-2023
TABLE 12 NORTH AMERICA OFF-THE-ROAD TIRE MARKET BY VEHICLE TYPE: BY COUNTRY, 2017-2023
TABLE 13 EUROPE OFF-THE-ROAD TIRE MARKET BY VEHICLE TYPE: BY COUNTRY, 2017-2023
Continued…
Browse more details on this report at: https://www.marketresearchfuture.com/reports/off-the-road-tire-market-5029
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