Press release
Earthmoving Equipment Tyres Market is projected to reach USD 14.82 Billion by 2030 : Cognitive Market Research
Earthmoving Equipment Tyres Market is projected to reach USD 14.82 Billion by 2030 : Cognitive Market Research
- Earthmover tires are specialized tires designed for heavy equipment used in construction, mining, and other earthmoving applications. These tires are designed to provide excellent traction, durability, and stability in tough and demanding working conditions. Earthmover tires are typically larger and stiffer than traditional vehicle tires, with a thicker, deeper tread for better grip and traction on loose, uneven terrain. We also reinforced sidewalls to protect against damage from rocks, debris, and other hazards found on construction and mining sites.
Summary:
• Global Earthmoving Equipment Tyres Market Size Was Valued at USD 11.18 Billion in 2022 And is Expected to Grow at a CAGR Of 4.10 %During the Forecast Period, Reaching USD 14.82 Billion By 2030.
• Asia Pacific is accounted for the largest share of the earthmoving equipment tyres market.
"To know more about The Earthmoving Equipment Tyres Market statistics click here: https://www.cognitivemarketresearch.com/earthmoving-equipment-tyres-market-report
What are the driving factors for the Earthmoving Equipment Tyres Market?
- Increasing construction and infrastructure development projects is the main driving factor contributing to the growth of the earthmoving equipment tyres market during the forecast period. The infrastructure field has been witnessing a surge in investments over the past few years. The government has been introducing initiatives to promote investment plans in construction and infrastructure development. This has led to a surge in demand for the earthmoving equipment tyres market. Additionally, growing mining activities have driven market growth over the forecast period. However, fluctuations in raw material prices may obstruct the growth of the global earthmoving equipment tyres market in near future. Further, the advancements in construction equipment are expected to create great opportunities for the market during the forecast period.
Market Segmentation:
Product Segmentation Analysis
• Radial Tyres
• Bias Tyres
The radial tyres segment is a major revenue contributor in terms of product, as construction companies are focusing on developing advanced equipment. These factors have led to the rapid adoption of radial tires on current earthmoving equipment, to reduce downtime for busy crews.
Application Segmentation Analysis
• Excavators
• Loaders
• Construction Tractors
• Others
The construction tractors segment is growing at the highest CAGR in terms of revenue share in 2022 owing to the increasing demand for multipurpose earth-moving equipment that finds many uses at construction sites.
The Major Players in Earthmoving Equipment Tyres Market are:
Michelin, Bridgestone, Continental, Goodyear, Sumitomo Rubber Industries, Pirelli, Yokohama Tire, Hankook Tire, Cooper Tire & Rubber, Toyo Tire & Rubber, Titan International, BKT, Nokian Tires, Triangle Tire
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Regional Analysis:
- Asia Pacific is expected to dominate the earthmoving equipment tyres market during the forecast period.
As per CMR analysis, Asia Pacific accounted for relatively the largest share of the earthmoving equipment tyres market during the forecast period. The growth of the market is significantly growing in the region due to the rapid expansion of the construction industry and the rise in infrastructural investment. The North American infrastructure sector has been highlighted by government agencies and financial institutions to be a key driver for the construction machinery equipment propelling overall market development.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Earthmoving Equipment Tyres Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Earthmoving Equipment Tyres Market Segmentation
1.5.1 Earthmoving Equipment Tyres Market Regional Fragmentation
1.5.1 Earthmoving Equipment Tyres Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Earthmoving Equipment Tyres Market
Chapter 4 Global Earthmoving Equipment Tyres Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Earthmoving Equipment Tyres Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Earthmoving Equipment Tyres Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Earthmoving Equipment Tyres Market Regional Analysis
Chapter 12 North America Earthmoving Equipment Tyres Market Outlook (2018 - 2030)
Chapter 13 Europe Earthmoving Equipment Tyres Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Earthmoving Equipment Tyres Market Outlook (2018 - 2030)
Chapter 15 Latin America Earthmoving Equipment Tyres Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Earthmoving Equipment Tyres Market Outlook (2018 - 2030)
Chapter 17 Research Findings
• 17.1 Key Takeaways
• 17.2 Analyst Point of View
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Earthmoving Equipment Tyres Market TOC click here: https://www.cognitivemarketresearch.com/earthmoving-equipment-tyres-market-report#table_of_contents
Related report
• Construction machinery tires market - https://www.cognitivemarketresearch.com/construction-machinery-tires-market-report
• Construction equipment market - https://www.cognitivemarketresearch.com/construction-equipment-market-report
• Tires market - https://www.cognitivemarketresearch.com/tires-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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