Market Overview:
The global engineering machinery tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for construction and mining equipment, globally. Additionally, the growing infrastructure development activities across the globe are also fueling the demand for engineering machinery tires. The global engineering machinery tire market is segmented on the basis of type into bias tires and radial tires. The bias tire segment is expected to hold a larger share of the market than that of radial tires during the forecast period from 2018 to 2030.
Product Definition:
Engineering Machinery Tire is a type of tire that is specifically designed for engineering machinery. Engineering machinery tires are typically wider and have a deeper tread than regular tires, allowing them to handle the heavier loads and rougher terrain associated with this type of equipment. They are also often made from tougher materials, such as rubber or polyurethane, to better withstand punishment. Because they play such an important role in keeping engineering machinery running safely and efficiently, it is essential that these tires be properly maintained and replaced when necessary.
Bias Tire:
Bias tire is a type of tire that has two ply tires with different tread patterns. The bias tires are manufactured by having two identical rubber sheets, which are sewn or mounted on a single rim. One of the rubber sheets has the normal pattern while other one has the reverse or slant pattern. As there is no center rib on these tires, they provide better grip in comparison to radial tire and have high rolling resistance compared to steerable wheel variant also known as steerable tire.
Radial Tire:
Radial tire is a type of tire which has a ribbed inner surface, produced by rolling two tires side by side and then sealing the edge with tread rubber. The radial construction provides better strength than the standard pneumatic tires due to its reinforced center. It also offers better stability in case of uneven surfaces as compared to the non-reinforced version.
Application Insights:
The other application segment includes construction machinery, agricultural machinery and equipment, marine vessels and offshore oil & gas. The demand for the other type of tires is expected to grow at a significant rate owing to their usage in various applications including construction, mining equipment, agriculture and forestry equipment as well as marine vessels.
The heavy dump truck tire was the largest revenue generating segment with a share of 33.3% in 2017 on account of its extensive use across various industries including waste management & recycling activities along with civil engineering projects such as roadways & highways development activities within developing countries such as India, Indonesia Malaysia Philippines Thailand Vietnam etc. Furthermore., these tires are also used in several applications including material handling at industrial facilities along with off-highway vehicles such as buses which further boosts their demand globally over the forecast period.
On the basis of application there are two major segments that can be broadly categorized into heavy dump trucks.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are experiencing strong economic growth owing to rapid industrialization and urbanization. Growing population has led to increased demand for consumer goods as well as automobiles; hence increasing automotive production has fueled regional growth.
China is one of the largest markets for heavy-duty trucks in Asia Pacific due to factors such as low capital cost required by manufacturers coupled with easy availability of cheap labor at Chinese manufacturing facilities along with high domestic consumption rates supported by rising disposable incomes among consumers especially in large cities like Shanghai, Beijing, Guangzhou & Shenzhen etc.; hence driving overall industry expansion over past few years. However recent trade tensions between China and U.S.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of engineering machinery tire market.
- Growing construction and infrastructure activities across the globe are anticipated to create opportunities for engineering machinery tire market players.
- Proliferation of online retailing is projected to boost sales of engineering machinery tires, thereby propelling the growth of this market during the forecast period.
- Stringent government regulations pertaining to environment safety and emissions are likely to propel the demand for energy-efficient engineering machinery tires in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Engineering Machinery Tire Market Research Report
By Type
Bias Tire, Radial Tire
By Application
Heavy Dump Truck, Grader, Loader, Crane, Other
By Companies
Goodyear, China National Tyre & Rubber, Linglong Tire, Double Coin, Giti, Alliance Tire Group, Eurotire, Doublestar, Bridgestone, Pirelli, Cheng-Shin Rubber, BKT, Shandong Taishan Tyre, Xuzhou Xugong, Yokohama Tire, Triangle, Shandong Yinbao, Prinx Chengshan, Techking Tires, Fujian Haian Rubber, Belshina, Continental, Titan, MRF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Engineering Machinery Tire Market Report Segments:
The global Engineering Machinery Tire market is segmented on the basis of:
Types
Bias Tire, Radial Tire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Heavy Dump Truck, Grader, Loader, Crane, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Goodyear
- China National Tyre & Rubber
- Linglong Tire
- Double Coin
- Giti
- Alliance Tire Group
- Eurotire
- Doublestar
- Bridgestone
- Pirelli
- Cheng-Shin Rubber
- BKT
- Shandong Taishan Tyre
- Xuzhou Xugong
- Yokohama Tire
- Triangle
- Shandong Yinbao
- Prinx Chengshan
- Techking Tires
- Fujian Haian Rubber
- Belshina
- Continental
- Titan
- MRF
Highlights of The Engineering Machinery Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bias Tire
- Radial Tire
- By Application:
- Heavy Dump Truck
- Grader
- Loader
- Crane
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Engineering Machinery Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Engineering machinery tire is a type of tire that is designed for heavy-duty use. These tires are often made from thicker rubber than regular tires, and they are designed to withstand high levels of stress. They are also often equipped with reinforced treads and other features that make them resistant to damage.
Some of the key players operating in the engineering machinery tire market are Goodyear, China National Tyre & Rubber, Linglong Tire, Double Coin, Giti, Alliance Tire Group, Eurotire, Doublestar, Bridgestone, Pirelli, Cheng-Shin Rubber, BKT, Shandong Taishan Tyre, Xuzhou Xugong, Yokohama Tire, Triangle, Shandong Yinbao, Prinx Chengshan, Techking Tires, Fujian Haian Rubber, Belshina, Continental, Titan, MRF.
The engineering machinery tire market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineering Machinery Tire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Engineering Machinery Tire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Engineering Machinery Tire Market - Supply Chain
4.5. Global Engineering Machinery Tire Market Forecast
4.5.1. Engineering Machinery Tire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Engineering Machinery Tire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Engineering Machinery Tire Market Absolute $ Opportunity
5. Global Engineering Machinery Tire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Engineering Machinery Tire Market Size and Volume Forecast by Type
5.3.1. Bias Tire
5.3.2. Radial Tire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Engineering Machinery Tire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Engineering Machinery Tire Market Size and Volume Forecast by Application
6.3.1. Heavy Dump Truck
6.3.2. Grader
6.3.3. Loader
6.3.4. Crane
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Engineering Machinery Tire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Engineering Machinery Tire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Engineering Machinery Tire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Engineering Machinery Tire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Engineering Machinery Tire Demand Share Forecast, 2019-2026
9. North America Engineering Machinery Tire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Engineering Machinery Tire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Engineering Machinery Tire Market Size and Volume Forecast by Application
9.4.1. Heavy Dump Truck
9.4.2. Grader
9.4.3. Loader
9.4.4. Crane
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Engineering Machinery Tire Market Size and Volume Forecast by Type
9.7.1. Bias Tire
9.7.2. Radial Tire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Engineering Machinery Tire Demand Share Forecast, 2019-2026
10. Latin America Engineering Machinery Tire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Engineering Machinery Tire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Engineering Machinery Tire Market Size and Volume Forecast by Application
10.4.1. Heavy Dump Truck
10.4.2. Grader
10.4.3. Loader
10.4.4. Crane
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Engineering Machinery Tire Market Size and Volume Forecast by Type
10.7.1. Bias Tire
10.7.2. Radial Tire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Engineering Machinery Tire Demand Share Forecast, 2019-2026
11. Europe Engineering Machinery Tire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Engineering Machinery Tire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Engineering Machinery Tire Market Size and Volume Forecast by Application
11.4.1. Heavy Dump Truck
11.4.2. Grader
11.4.3. Loader
11.4.4. Crane
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Engineering Machinery Tire Market Size and Volume Forecast by Type
11.7.1. Bias Tire
11.7.2. Radial Tire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Engineering Machinery Tire Demand Share, 2019-2026
12. Asia Pacific Engineering Machinery Tire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Engineering Machinery Tire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Engineering Machinery Tire Market Size and Volume Forecast by Application
12.4.1. Heavy Dump Truck
12.4.2. Grader
12.4.3. Loader
12.4.4. Crane
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Engineering Machinery Tire Market Size and Volume Forecast by Type
12.7.1. Bias Tire
12.7.2. Radial Tire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Engineering Machinery Tire Demand Share, 2019-2026
13. Middle East & Africa Engineering Machinery Tire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Engineering Machinery Tire Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Engineering Machinery Tire Market Size and Volume Forecast by Application
13.4.1. Heavy Dump Truck
13.4.2. Grader
13.4.3. Loader
13.4.4. Crane
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Engineering Machinery Tire Market Size and Volume Forecast by Type
13.7.1. Bias Tire
13.7.2. Radial Tire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Engineering Machinery Tire Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Engineering Machinery Tire Market: Market Share Analysis
14.2. Engineering Machinery Tire Distributors and Customers
14.3. Engineering Machinery Tire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Goodyear
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. China National Tyre & Rubber
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Linglong Tire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Double Coin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Giti
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alliance Tire Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Eurotire
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Doublestar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bridgestone
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pirelli
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cheng-Shin Rubber
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BKT
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shandong Taishan Tyre
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xuzhou Xugong
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Yokohama Tire
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Triangle
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shandong Yinbao
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Prinx Chengshan
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Techking Tires
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Fujian Haian Rubber
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
