Global Heavy-Duty Tires Market Growth 2023-2029

Global Heavy-Duty Tires Market Growth 2023-2029

Product Code:457291

Published Date: Feb 08,2023

Pages: 120

Region: Global

Category: Automobile & Transportation

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Heavy-duty tire is tire sepcially used for heavy-duty vehicles.

LPI (LP Information)' newest research report, the “Heavy-Duty Tires Industry Forecast” looks at past sales and reviews total world Heavy-Duty Tires sales in 2022, providing a comprehensive analysis by region and market sector of projected Heavy-Duty Tires sales for 2023 through 2029. With Heavy-Duty Tires sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heavy-Duty Tires industry.

This Insight Report provides a comprehensive analysis of the global Heavy-Duty Tires landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heavy-Duty Tires portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heavy-Duty Tires market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heavy-Duty Tires and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heavy-Duty Tires.

The global Heavy-Duty Tires market size is projected to grow from US$ 31760 million in 2022 to US$ 25650 million in 2029; it is expected to grow at a CAGR of 25650 from 2023 to 2029.

Global Heavy-Duty Tires key players include Bridgestone, Michelin, Goodyear, Continental, Zhongce Rubber etc. Global top five manufacturers hold a share over 50%. 
Asia Pacific is the largest market, with a share over 40%, followed by Europe and North America, both have a share over 40% percent. 
In terms of product, Rim Diameter ≤29 inch is the largest segment, with a share over 60%. And in terms of application, the largest application is Heavy Duty Truck Tires followed by OTR Tires.

This report presents a comprehensive overview, market shares, and growth opportunities of Heavy-Duty Tires market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Rim Diameter ≤29 inch
    29 inch<Rim Diameter≤39 inch
    39 inch<Rim Diameter≤49 inch
    Rim Diameter >49 inch

Segmentation by application
    Heavy Duty Truck Tires
    OTR Tires
    Agricultural Tires

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Bridgestone
    Michelin
    Goodyear
    Continental
    Zhongce Rubber
    Apollo
    Chem China
    Double Coin Holdings
    Guizhou Tire
    Titan
    Prinx Chengshan
    Trelleborg
    Pirelli
    Yokohama Tire
    BKT
    Linglong Tire
    Xugong Tyres
    Triangle
    Hawk International Rubber
    Nokian
    Shandong Taishan Tyre
    Carlisle
    Shandong Yinbao
    Sumitomo
    Doublestar
    Fujian Haian Rubber
    JK Tyre
    Specialty Tires
    Techking Tires

Key Questions Addressed in this Report
What is the 10-year outlook for the global Heavy-Duty Tires market?
What factors are driving Heavy-Duty Tires market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Heavy-Duty Tires market opportunities vary by end market size?
How does Heavy-Duty Tires break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?