Astute Analytica recently published a new research report titled Global Truck-Bus Tires Market. This includes in-depth information on new trends, market factors, business prospects, and obstacles that could alter the market dynamics of the sector. It offers a thorough overview of the market segments, including information on goods, applications, and competitors.
The Truck-Bus Tires Market is estimated to witness a rise in revenue from US$ 41,565 Mn in 2021 to US$ 57,261 Mn by 2027. The market is registering a CAGR of 5.5% during the forecast period 2022-2027. In terms of volume, the market is registering a CAGR of 5.2% during the forecast period.
With strategic analysis, micro and macro market trends and scenarios, price analysis, and a comprehensive description of the market conditions in the forecast period, the global Truck-Bus Tires Market research report keeps a close eye on the major competitors.
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The report’s key and secondary drivers, market share, top segments, and regional analysis are all highlighted in this expertly written-and comprehensive document. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practices.
Leading Companies
The key players in the Global Truck-Bus Tires Market are Aeolus Tyres, Bridgestone Corporation, Cheng Shin Rubber, Continental AG, Cooper Tire, Double Coin, Giti Tire, Goodyear Tire & Rubber Company, Hankook Tire & Technology Co., Ltd., KUMHO Tire, LINGLONG Tire, MICHELIN, Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., Triangle Tires, Xingyuan Tire Group, Yokohama Tire Corporation and ZC Rubber among others.
Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
The development work being done in the market sector for Truck-Bus Tires Market, the remaining suppliers and dealers, regional import and export surveys, and regional import and export surveys are all covered in this area. The remaining data was gathered through surveys, public announcements, news articles, premium white newspapers, and interviews with all Cleeve officials.
Segmentation Overview
Global Truck-Bus Tires Market is segmented based on tire type, operation type, applications, weight, distribution channel and region. The industry trends in the global truck-bus tires market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Truck-Bus Tires Market:
By Tire Type segment of the Global Truck-Bus Tires Market is sub-segmented into:
- Radial
- Bias
By Operation Type segment of the Global Truck-Bus Tires Market is sub-segmented into:
- Steer
- Drive
- Trailer
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By Applications segment of the Global Truck-Bus Tires Market is sub-segmented into:
- Truck
- Bus
By Weight segment of the Global Truck-Bus Tires Market is sub-segmented into:
- < 50 Kg
- 50 – 80 Kg
- 80 – 100 Kg
- 100 – 150 Kg
- > 150Kg
By Distribution Channel segment of the Global Truck-Bus Tires Market is sub-segmented into:
- OEM
- Aftermarket
- Brand Stores
- Independent Tire dealers
- Retail Tire Chains
By Region segment of the Global Truck-Bus Tires Market is sub-segmented into:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
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