An Outlook on the Mexico Truck & Bus Radial (TBR) Tire Market to 2021-2026: Know Market Trends, Growth Factors, Covid-19 Impact

According to a new study by MarkNtel Advisors, the Mexico Truck & Bus Radial (TBR) Tire Market is likely to grow at a CAGR of XX% in the forecast period of 2021-26. It owes primarily to the massive expansion of the transportation & logistics network, particularly with government support, coupled with the favorable trade agreements & permits for commercial vehicle manufacturers to set up production units in the country.

Moreover, the increasing awareness about the importance of vehicle maintenance and the need to provide timely repairs & replacements are also likely to drive the Mexico Truck & Bus Radial (TBR) Tire Market in the coming years, further states the research report, " Mexico Truck & Bus Radial (TBR) Tire Market Analysis, 2021-26."

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Critical Questions Answered in the Study
1. What are the current and future trends in the Mexico Truck & Bus Radial (TBR) Tire Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across Mexico, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Mexico Truck & Bus Radial (TBR) Tire Market?
5. What are the customer orientation, purchase behavior, and expectations from Truck & Bus Radial (TBR) Tire providers across Mexico?

Aftermarket to Dominate the Mexico Truck & Bus Radial (TBR) Tire Market

Based on Demand Type, the market bifurcates into OEM & Aftermarket. Of both, the Aftermarket demand type is projected to dominate the market with the largest share in the forecast period. It owes to the rapidly increasing number of on-road trucks & buses, prompting the need for aftermarket tires in the country & replace the truck tires due to their low ideal time, coupled with frequent wear & tear. Furthermore, the growing awareness among vehicle owners regarding timely maintenance & repair of tires to enhance longevity, durability, performance, & safety of their vehicles is also surging the demand for aftermarket tires. Hence, based on these aspects, the segment shall attain the largest market share in the coming years.

For detailed analysis: https://www.marknteladvisors.com/research-library/mexico-truck-bus-radial-tire-market.html

Public Transport to Display the Fastest Market Growth During 2021-26

Based on the Application, the Mexico Truck & Bus Radial (TBR) Tire Market bifurcates into Public Transport, General Cargo Transport, Chemicals Transportation, Others. Of them all, the Public Transport segment is more likely to observe the fastest market growth in the forecast period. The prime factors supporting the rapid growth include the increasing environmental concerns and public reliance on public transportation mediums like buses and carpooling regularly. Additionally, the government is also very actively taking initiatives & investing substantially in public transportation infrastructure and inclining toward the adoption of electronic vehicles, further increasing the sale of buses and positively influencing the radial tire market in Mexico. Hence, the segment is likely to display the fastest market growth in the forecast period, states MarkNtel Advisors in their research report, “Mexico Truck & Bus Radial (TBR) Tire Market Analysis, 2021-26.”

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Key Market Competitors:
According to MarkNtel Advisors, the leading players in the Mexico Truck & Bus Radial (TBR) Tire Market are Goodyear, Pirelli, Continental, Yokohama, Michelin, Bridgestone, JK Tires, Cooper Tires, Sumitomo, Hankook.

Market Segmentation:
1. By Type of Vehicle (Truck & Bus)
2. By Application (Public Transport, General Cargo Transport, Chemicals Transportation, Others)
3. By Demand Type (OEMs & Aftermarkets)
4. By Price Category (Budget, Premium, and Economy)
5. By Rim Size (Up to 20”, 20.1 to 22.5”, Above 22.5”)
6. By Type of Truck (Medium Commercial Trucks, Heavy Trucks, Ultra Heavy Trucks)
7. By Truck Application (General Cargo Transport, Chemicals Transportation, Crude Oil Transportation, Others)
8. By Type of Bus (Medium Weight Bus & Heavy Buses)
9. By Bus Application (Intercity Transport & Intra City Transport)
10. By Competitors (Goodyear, Pirelli, Continental, Yokohama, Michelin, Bridgestone, JK Tires, Cooper Tires, Sumitomo, Hankook)

MarkNtel Advisors
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About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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