高耐用性輪胎的全球市場:成長率,趨勢及預測分析(2019年~2024年)
市場調查報告書
商品編碼
356588

高耐用性輪胎的全球市場:成長率,趨勢及預測分析(2019年~2024年)

Heavy-duty Tire Market - Growth, Trends, and Forecasts (2022 - 2027)

出版日期: | 出版商: Mordor Intelligence | 英文 111 Pages | 商品交期: 2-3個工作天內

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簡介目錄

全球高耐用性輪胎市場上,在2018年達到182億3,000萬美元的規模,在2019年~2024年的預測期間內預計將以約4.44%的年複合成長率成長。

本報告提供全球高耐用性輪胎市場相關調查分析,市場概要,市場動態,市場區隔,各地區的市場分析,競爭情形,主要企業等相關的系統性資訊。

目錄

第1章 簡介

  • 調查成果
  • 調查的前提條件
  • 調查範圍

第2章 調查方法

第3章 摘要整理

第4章 市場動態

  • 市場概況
  • 市場成長要素
  • 市場阻礙因素
  • 產業的魅力-波特的五力分析
    • 新加入廠商的威脅
    • 買主/消費者談判力
    • 供應商談判力
    • 替代產品的威脅
    • 競爭力的強度

第5章 市場區隔

  • 各車輛類型
    • 施工機械
    • 礦山機器
    • 農業機器
    • 工業車輛
  • 各終端用戶類型
    • OEM
    • 售後市場
  • 各地區
    • 北美
    • 歐洲
    • 亞太地區
    • 其他地區

第6章 競爭情形

  • 供應商市場佔有率
  • M&A
  • 企業概要
    • Bridgestone
    • Continental Tires
    • Balkrishna Industries Limited (BKT)
    • Michelin
    • Titan Tire Corporation
    • 住友橡皮工業
    • Trelleborg AB
    • The Goodyear Tire & Rubber Company
    • JK Tyre & Industries Ltd

第7章 市場機會及未來趨勢

第8章 免責聲明

簡介目錄
Product Code: 47346

The global heavy-duty tire market (henceforth referred to as the market studied) was valued at USD 18,230 million in 2018 and is anticipated to register a CAGR of about 4.44% during the forecast period (2019-2024).

Key Highlights

  • The market has been lagging behind for the last 2-3 years, since industries like small loaders, skid-steers, and backhoes, with heavy-duty tire usage, were significantly low. In addition, the growth rate of the construction industry is expected to be approximately 5%, which is likely to have a positive effect on the market growth of heavy-duty tire during the forecast period. The improving economic environment and the increasing emphasis on mechanization of agricultural activities are also factors expected to drive the growth of the market in the foreseeable future.
  • The demand for tire retreads has been increasing for these vehicles, as fleet managers/operators continue to leverage retread programs to reduce the operating costs. Retreading can save the heavy commercial vehicle segment to a significant extent, as it is significantly cheaper than a tire replacement.
  • Some of the major companies that dominated the market are Bridgestone Corporation, Continental Tires, Balkrishna Industries Limited (BKT), Titan Tire Corporation, Michelin, and The Goodyear Tire & Rubber Company, in 2018

Key Market Trends

Construction Machinery Tires are Dominating Other Heavy-duty Tires

The demand for construction machinery, such as cranes, wheel loaders, bulldozers, motor graders, excavators, telescopic handlers, forklifts, and backhoes is predominantly being driven by increasing volume of construction projects and expanding construction budgets, especially in the developing countries across the globe over the last five years. This is driving the construction machinery tires market. Continued economic growth in a number of developed and developing nations, coupled with attractive financing conditions on the back of low-interest rates, are expected to boost average global construction industry revenues, which will, in turn, propel the growth of the construction machinery market.

Asia-Pacific and North America are expected to be the leading geographies for construction output. Continuing on the previous trends, China is expected to reflect a strong demand, mainly in the country's transport infrastructure segment. In the United States and Canada, a healthy residential market and a pickup in commercial construction activity are expected to drive the growth for construction machinery.

Asia-Pacific is Leading the Heavy-duty Tire Market

Asia-Pacific is leading the geography and holding more than half of the market share. China is the central hub for business across industries, as well as one of the fastest growing economies in the world. The demand for materials like coal, iron ore, gold, and copper is increasing in the country. As a result, the demand for mining truck tires has gone up as well. In addition, investments in the mining sector are expected to serve as a good opportunity for heavy-duty tire manufacturers, as the country started experiencing recovery in mining production, with the help of advanced technologies, since 2016. The increase in the mining production is likely to propel demand for new construction machinery in fields, by replacing old machinery, which is further fuelling the mining tires demand.

India has emerged as one of the leading manufacturing and consumption hubs of OTR tires, primarily in the agriculture and mining segments. Currently, the Indian heavy-duty tire market is quite competitive and highly concentrated, mainly catered to by top players. There has been a noticeable change in the technological upgradations that the Indian industry has adopted. The construction and mining segments hold a significant market share of heavy-duty tire sales in the country. Agriculture is the biggest segment for OTR tires, owing to an increased rate of tractor penetration in Indian rural regions. The growing demand for construction equipment in earthmoving, material handling, and concrete mixing, is expected to fuel India's construction machinery tire market over the coming years.

Competitive Landscape

The global heavy-duty tires market consists of numerous international and domestic players, such as Bridgestone Corporation, Michelin, Titan International, Trelleborg Wheel Systems, Balkrishna Industries Limited, and Continental AG, which account over 40% of the market share. Growing construction demand, aftermarket replacement rate, and acquisition activities among key players are driving growth in the market.

Bridgestone has invested a sum of USD 12 million in its Bloomington, Illinois plant, to expand the production of OTR tires. The tire sizes to be produced are 29, 33, and 35 inches, and have been in production only in Japan. JK Tyres, one of the major manufacturers of OTR tires in India, recorded significant growth. The company earned around approximately USD 160 million from OTR tires. Additionally, the company also became the preferred partner of JCB, Caterpillar, and Coal India.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Vehicle Type
    • 5.1.1 Construction Machinery
    • 5.1.2 Mining Machinery
    • 5.1.3 Agricultural Machinery
    • 5.1.4 Industrial Vehicles
  • 5.2 End-user Type
    • 5.2.1 OEM
    • 5.2.2 Aftermarket
  • 5.3 Geography
    • 5.3.1 North America
      • 5.3.1.1 US
      • 5.3.1.2 Canada
      • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
      • 5.3.2.1 Germany
      • 5.3.2.2 UK
      • 5.3.2.3 France
      • 5.3.2.4 Italy
      • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
      • 5.3.3.1 China
      • 5.3.3.2 Japan
      • 5.3.3.3 India
      • 5.3.3.4 Rest of Asia-Pacific
    • 5.3.4 Rest of the World
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 South Africa
      • 5.3.4.4 Other Countries

6 COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Mergers & Acquisitions
  • 6.3 Company Profiles
    • 6.3.1 Bridgestone Corporation
    • 6.3.2 Continental Tires
    • 6.3.3 Balkrishna Industries Limited (BKT)
    • 6.3.4 Michelin
    • 6.3.5 Titan Tire Corporation
    • 6.3.6 Sumitomo Rubber Industries, Ltd
    • 6.3.7 Trelleborg AB
    • 6.3.8 The Goodyear Tire & Rubber Company
    • 6.3.9 JK Tyre & Industries Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 DISCLAIMER