Press release
Earthmoving Equipment Tires Market 2017: Intelligent Technological Advancements to Impact the Global Market Growth
Fact.MR
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As per the report by Fact.MR, the global earthmoving equipment tyres market is expected to witness moderate growth, growing at a CAGR of 4.0% in terms of value during the forecast period. The global earthmoving equipment tyres market is also estimated to bring in US$ 16,128.0 million in terms of value by the end of 2026. Meanwhile, in terms of volume, the market is projected to reach 1,884 million units by 2026 end. With advances in automation, the manufacturing process of tyres, especially earthmoving equipment tyres has accelerated. There has been an increase in construction and infrastructure projects globally and earthmovers are being used on a large scale in the construction industry. Hence, driving the demand for earthmoving equipment tyres. Below are the insights on how the global earthmoving equipment tyres market will perform in the coming years.
5 Forecast Highlights on Global Earthmoving Equipment Tyres Market
1. Asia Pacific Excluding Japan (APEJ) is likely to lead the global market for earthmoving equipment tyres between 2017 and 2026. By the end of 2026, APEJ is projected to reach nearly US$ 4,800 million revenue. In APEJ region, China is one of the leading manufacturers of off-road-vehicles and also accounts for maximum sales. Meanwhile, India, Malaysia, and Thailand are also witnessing increasing sales of off-the-road vehicles and tyres.
2. Backhoe loaders are expected to emerge as the highly preferred vehicle type between 2017 and 2026. By the end of 2026, backhoe loaders are estimated to bring in close to US$ 4,400 million revenue.
3. Compared to the bias tyre type, radial tyre type is expected to gain maximum traction in the global earthmoving equipment tyres market. Radial tyres are estimated to reach nearly US$ 10,900 million revenue by 2026 end.
4. Rim size of 35-50 inch is expected to be used on a large scale in the global market for earthmoving equipment tyres. Towards 2026 end, 35-50 inch rim size is estimated to exceed US$ 5,800 million revenue.
5. Sales of earthmoving equipment tyres through aftermarket sales channel is likely to be the highest during 2017-2026. Aftermarket sales channel is projected to create an incremental opportunity of over US$ 3,200 million between 2017 and 2026.
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Table of Content:
1. Global Economic Outlook
2. Global Earthmoving Equipment Tyre Market - Executive Summary
3. Global Earthmoving Equipment Tyre Market Overview
4. Global Earthmoving Equipment Tyre Market Analysis and Forecast 2012-2026
5. North America Earthmoving Equipment Tyre Market Size and Forecast, 2012-2026
6. Latin America Earthmoving Equipment Tyre Market Size and Forecast, 2012-2026
7. Europe Earthmoving Equipment Tyre Market Size and Forecast, 2012-2026
8. Japan Earthmoving Equipment Tyre Market Size and Forecast, 2012-2026
9. APEJ Earthmoving Equipment Tyre Market Size and Forecast, 2012-2026
10. MEA Earthmoving Equipment Tyre Market Size and Forecast, 2012-2026
11. Global Earthmoving Equipment Tyre Market Company Share, Competition Landscape and Company Profiles
12. Research Methodology
13. Secondary and Primary Sources
14. Assumptions and Acronyms
15. Disclaimer
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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