Mining Tire Market 2021 Analysis by Global Manufacturers – Bridgestone, BKT, Michelin, Chem China, Yokohama, Titan Tire, Zhongce Rubber, Goodyear, Guizhou Tire, Continental, Double Coin Holdings

The Mining Tire market report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, and challenges in the global Mining Tire market. This study focuses on the latest events such as first-hand information, qualitative and quantitative assessment and their consequences on the Market. Moreover, this report has also covered global and regional market size and share of the online and offline distribution channels.

According to this study, over the next five years the Mining Tire market will register a 1.1%% CAGR in terms of revenue, the global market size will reach $ 4867.6 million by 2025, from $ 4651.6 million in 2019.

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Top Leading Companies of Global Mining Tire Market are Bridgestone, BKT, Michelin, Chem China, Yokohama, Titan Tire, Zhongce Rubber, Goodyear, Guizhou Tire, Continental, Double Coin Holdings, JK Tyre, Triangle Tyre, Techking Tires, Apollo Tyres and others.

New Bridgestone MasterCore Tire Line Provides Mine Sites With Customized Tire Performance
Tokyo (August 7, 2020) - Bridgestone Corporation (Bridgestone) today announced the introduction of the company's revolutionary MasterCore off-the-road (OTR) tire line at a press conference in Tokyo. MasterCore tires are engineered for ultra-high durability with performance that can be customized to various mine sites and operations. The MasterCore product line is launching initially with 63-inch tires with additional patterns and sizes available to customers in 2021.

"After many years of global product development that produced advances in engineering, chemistry and material science, we are excited to introduce the MasterCore brand to mining customers all over the world," said Tomohiro Kusano, Vice President and Senior Officer, Responsible for G-MAA (Mining, Aircraft, Agriculture) Solutions Business, Bridgestone Corporation. "Each mine site is unique and requires a custom tire solution that enables operators to improve efficiency. Our MasterCore offering sets a new standard for off-the-road tire performance as we strive to achieve Dan-Totsu - our vision to be a clear and absolute industry leader."

BKT testing new ‘giant’ EARTHMAX SR 468 OTR tyre

3rd November 2020: BKT says it has welcomed a new “truly giant” product into its range of specialist off-highway tyres with the EARTHMAX SR 468. Designed to fit on rigid dump trucks, the EARTHMAX SR 468 prototype has, so far, been made in the 40.00 R 57 size and is ready to be tested in coming months by BKT engineers.
The new machinery to make this tyre reached the Indian plant in Bhuj, in January, just before the COVID-19-related lockdown, which affected – at various levels and at different times – the Asian continent. Initially, due to the pandemic, the machinery was not immediately installed. Only after a temporary shutdown of BKT’s manufacturing facilities, necessary to implement a rigorous safety plan for all staff, did activities finally return to full operation, including the installation of the new machinery for the 57 in tyre.
Dilip Vaidya, President and Director of Technology at BKT, said: “It is a very important moment, a giant product has been created which will now be subject to the most rigorous testing up to the spring of 2021, until we are sure we have achieved the highest possible level of quality and reliability, as always. Only when we are absolutely sure we can offer our users the best Earthmax SR 468 possible, will we officially launch the new 57 in giant.”

On The Basis Of Product, The Mining Tire Market Is Primarily Split Into

Rim Diameter: 29 inch-49 inch
Rim Diameter: More than 49 inch

On The Basis Of End Users/Application, This Report Covers

Truck
Loader
Bulldozer
Others

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Regional Outlook of Mining Tire Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

This study specially analyses the impact of Covid-19 outbreak on the Mining Tire market, covering the impact assessment to the Mining Tire market size growth rate in several scenarios, and the measures to be undertaken by Mining Tire market players in response to the COVID-19 epidemic.
This allows understanding of the market and benefits from any lucrative opportunities that are available. There is a detailed analysis of the change in customer requirements, customer preferences and the vendor landscape of the overall market.

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Mining Tire Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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