The heavy-duty tire market is expected to grow in the forecast period, Key Players are Bridgestone, Continental, Goodyear, Michelin Group, Pirelli, Hankook Tire, and Cooper Tire & Rubber

The heavy-duty tire market is expected to grow in the forecast period. The increasing demand for heavy machinery and equipment for agricultures because of the improved economic environment and standard of living is one of the factors contributing to this growth. The increasing demand for construction and mining has also triggered the growth of the market. The aftermarket and the tire replacement sub-segments also have considerable impact on this growth.

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End-user/Technology

The end-consumers of the heavy-duty tires are the OEM and replacement tires segment of the market. OEMs are the Original Equipment manufacturers who manufacture the high performance tires to match the tire specifications of a particular vehicle's make and model.

There has been research and development going on for the OTR tires leading to technological development in terms of development of new tread patterns, compounding and casing upgrades.

Market Dynamics

The market is expected to grow owing to the growth of construction, mining and agricultural equipment industry and the factors like increasing standard of living, industry growth, etc.

The market consists of many international players. The Aftermarket dealers are supposed to be well versed with good knowledge about the products so as to recommend right products to the customers for right purpose. In addition to this, they should have significant knowledge about the factors affecting tire performance and should be able to train their staff for the same.

Market Segmentation

The heavy-duty tire market is segmented by tire type, application type, end-users and geography
by tire-type, the market is segmented into three segments:

Small OTR tires
Large OTR tires
Giant OTR tires

By application-type, the market is segmented into:
Engineering and Manufacturing
Construction and Mining
Agricultural Machinery
Others

By end-users, the market is segmented into:
OEMs
Replacement tires

By geography, the market is segmented into:
North America
Europe
APAC
MEA
Latin America

Regional/Geographic Analysis

The growing economies are expected to contribute heavily to the growth of the market due to the growth of the industry. These also include the developing countries of the APAC region. The European market is expected to experience a colossal growth in the heavy-duty tire market in the forecast period. North America is expected to show significant growth due to the use of progressive technologies.

Opportunities

The market has a lot of opportunities owing to the road and bridge construction markets. The government funding and supportive government regulations for the infrastructural projects is expected to bring in lots of opportunities for the heavy-duty tire market. The research and development activities are carried out by the key players in the market to bring in new technologies to gain a competitive advantage and increase the market share.

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Key Players

Some of the major players in the market include:
Bridgestone
Continental
Goodyear
Michelin Group
Pirelli
Hankook Tire
Cooper Tire & Rubber

Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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