Astute Analytica has recently published a comprehensive report on the Truck and Bus Tires Market, which provides the latest data and insights into the market’s growth prospects and challenges. The report employs various tools, such as constraints and opportunity analysis, to evaluate the potential for new goods and services, helping businesses locate and forecast market opportunities.
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The report also includes a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields and representatives from various industries found all along the supply chain. The global truck and bus tires market is expected to witness a significant increase in revenue, with an estimated rise from US$ 39,417 Mn in 2022 to US$ 64,729 Mn by 2031. This represents a CAGR of 5.5% during the forecast period of 2023-2031. In terms of volume, the market is expected to register a CAGR of 5.2% over the same period.
The report discusses further findings that researchers made based on the comprehensive data and offers information on the state of the market, including kinds and applications based on various nations and important locations. It describes the market’s most active companies in detail, including attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.
The leading companies in the Truck and Bus Tires Market include.
- Aeolus Tyre
- Bridgestone
- Cheng Shin Rubber
- Continental
- Cooper tire
- Double Coin
- Giti Tire
- Goodyear
- Hankook
- KUMHO TIRE
- Linglong Tire
- Michelin
- Pirelli
- Sumitomo Rubber
- Toyo Tires
- Triangle Tire Group
- Xingyuan group
- YOKOHAMA
- ZC Rubber
- Other Prominent Players
The report continuously monitors the direct impact of COVID-19, including updates on the Omicron mutation study, on the market, in addition to the indirect influence of related industries. The report contains observations on the impact of the pandemic.
Geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. The report discusses the predicted growth of the market in this region between 2021 and 2031.
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The segmentation overview of the Truck and Bus Tires Market includes.
By Tire Type:
- Radial
- Bias
By Operation Type:
- Steer
- Drive
- Trailer
By Applications:
- Truck
- Bus
By Weight:
- < 50 Kg
- 50 – 80 Kg
- 80 – 100 Kg
- 100 – 150 Kg
- > 150Kg
By Distribution Channel:
- OEM
- Aftermarket
- Brand Stores
- Independent Tire dealers
- Retail Tire Chains
By Region:
- 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
Overall, Astute Analytica’s report on the Truck and Bus Tires Market provides a comprehensive and valuable resource for businesses looking to understand the market’s current state and future growth prospects.
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About Astute Analytica:
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