Market Overview:
The global bias heavy-duty tires market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and rising awareness about the benefits of using bias heavy-duty tires over radial heavy-duty tires. In terms of type, the rim diameter below 29 inch segment is expected to grow at a higher CAGR during the forecast period as compared to other segments, owing to increase in demand for smaller commercial vehicles. Asia Pacific is expected to be the fastest growing region in terms of revenue during the forecast period.
Product Definition:
Bias heavy-duty tires are made of rubber and fabric layers that are laid down diagonally across the tire's width. This construction allows the tire to flex more, providing a softer ride and better traction than radial tires. Bias heavy-duty tires are used primarily on trucks, buses, and other large vehicles because of their durability and ability to handle heavier loads.
Rim Diameter Below 29 Inch:
Rim DiameterBelow 29 Inch (RBD) is a type of tire with a smaller than average wheel diameter. The RBD tires are designed for commercial vehicles that require lower speed and better stability at the expense of some load capacity and fuel efficiency. As compared to the normal passenger car tires, rim diameter below 29 inch provide more rolling resistance which results in increased fuel consumption.
29 Inch Above Rim DiameterBelow 39 Inch:
29 inch above rim diameter below 39 inch is a special category of bias tire with a large bead, thick walled, and heavy-duty steel wire that provides the strength to carry more load. They are used for commercial vehicles such as trucks and buses that have heavy loads or long distances to cover. 29er ADT (All-Dry Tires) are designed for use in medium duty applications where there is moderate road hazard threat from stones, glass pieces or debris on the roads.
Application Insights:
Heavy-duty truck tires accounted for the largest share in 2016 and are projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from construction, mining, agricultural and municipal applications across countries such as India, China, U.S., South Africa and Brazil among others.
OTR tires are expected to witness significant growth on account of their growing application in heavy-duty trucks across countries such as Mexico, Colombia Brazil among others due to their ability to carry more load with less fuel consumption which is likely to reduce transportation cost which is ultimately passed onto consumers leading towards higher market penetration OTR tire manufacturers focus on innovation & research activities that result in introduction of new products with enhanced performance characteristics thereby contributing towards segment growth during the forecast period.
The global heavy-duty bias tires market by application is segmented into light commercial vehicles (LCVs), medium commercial vehicles (MCVs), and heavy-duty trucks (HDT).
Regional Analysis:
Asia Pacific is projected to be the largest regional market over the forecast period. The growth of this region can be attributed to increasing demand for commercial vehicles in countries such as China, India, and Japan. In addition, rising investments by governments in developing economies are expected to boost product demand over the coming years. For instance, according to OICA statistics published in 2017; Asia Pacific held a share of nearly 40% heavy-duty tires production capacity across all applications globally.
Europe is anticipated to witness significant growth during the forecast period owing to stringent government regulations regarding fuel emissions and noise pollution caused by heavy-duty trucks running on low quality tires with poor performance characteristics such as high rolling resistance and reduced wet grip capability.
Growth Factors:
- Increasing demand for bias heavy-duty tires from the commercial vehicle segment is expected to drive the market growth.
- Rising demand for radial heavy-duty tires in developed countries is another key factor that is anticipated to fuel the market growth over the forecast period.
- Growing awareness about safety and security among consumers is projected to boost the demand for bias heavy-duty tires in coming years.
- Technological advancements in tire manufacturing are likely to create new opportunities for market players over the forecast period.
- Expansion of distribution channels by leading players will help them penetrate into untapped markets, which will further contribute to market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Bias Heavy-Duty Tires Market Research Report
By Type
Rim Diameter Below 29 Inch, 29 Inch Above Rim DiameterBelow 39 Inch, 39 Inch Above Rim DiameterBelow 49 Inch, Rim Diameter Above 49 Inch
By Application
Heavy Duty Truck Tires, OTR Tires, Agricultural Tires
By Companies
Michelin, Bridgestone, Goodyear, Titan, Yokohama Tire, Continental, CHEMCHINA, Alliance Tire Group, BKT, Guizhou Tire, Michelin, Apollo
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Bias Heavy-Duty Tires Market Report Segments:
The global Bias Heavy-Duty Tires market is segmented on the basis of:
Types
Rim Diameter Below 29 Inch, 29 Inch Above Rim DiameterBelow 39 Inch, 39 Inch Above Rim DiameterBelow 49 Inch, Rim Diameter Above 49 Inch
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 Duty Truck Tires, OTR Tires, Agricultural Tires
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:
- Michelin
- Bridgestone
- Goodyear
- Titan
- Yokohama Tire
- Continental
- CHEMCHINA
- Alliance Tire Group
- BKT
- Guizhou Tire
- Michelin
- Apollo
Highlights of The Bias Heavy-Duty Tires 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:
- Rim Diameter Below 29 Inch
- 29 Inch Above Rim DiameterBelow 39 Inch
- 39 Inch Above Rim DiameterBelow 49 Inch
- Rim Diameter Above 49 Inch
- By Application:
- Heavy Duty Truck Tires
- OTR Tires
- Agricultural Tires
- 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 Bias Heavy-Duty Tires 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Bias heavy-duty tires are designed for use on trucks, SUVs, and other vehicles that require a higher level of performance. They typically have a harder compound than regular tires, which makes them more resistant to wear and tear.
Some of the major companies in the bias heavy-duty tires market are Michelin, Bridgestone, Goodyear, Titan, Yokohama Tire, Continental, CHEMCHINA, Alliance Tire Group, BKT, Guizhou Tire, Michelin, Apollo.
The bias heavy-duty tires market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bias Heavy-Duty Tires Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bias Heavy-Duty Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bias Heavy-Duty Tires Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bias Heavy-Duty Tires Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bias Heavy-Duty Tires Market Size & Forecast, 2020-2028
4.5.1 Bias Heavy-Duty Tires Market Size and Y-o-Y Growth
4.5.2 Bias Heavy-Duty Tires Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rim Diameter Below 29 Inch
5.2.2 29 Inch Above Rim DiameterBelow 39 Inch
5.2.3 39 Inch Above Rim DiameterBelow 49 Inch
5.2.4 Rim Diameter Above 49 Inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Heavy Duty Truck Tires
6.2.2 OTR Tires
6.2.3 Agricultural Tires
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bias Heavy-Duty Tires Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bias Heavy-Duty Tires Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rim Diameter Below 29 Inch
9.6.2 29 Inch Above Rim DiameterBelow 39 Inch
9.6.3 39 Inch Above Rim DiameterBelow 49 Inch
9.6.4 Rim Diameter Above 49 Inch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Heavy Duty Truck Tires
9.10.2 OTR Tires
9.10.3 Agricultural Tires
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rim Diameter Below 29 Inch
10.6.2 29 Inch Above Rim DiameterBelow 39 Inch
10.6.3 39 Inch Above Rim DiameterBelow 49 Inch
10.6.4 Rim Diameter Above 49 Inch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Heavy Duty Truck Tires
10.10.2 OTR Tires
10.10.3 Agricultural Tires
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rim Diameter Below 29 Inch
11.6.2 29 Inch Above Rim DiameterBelow 39 Inch
11.6.3 39 Inch Above Rim DiameterBelow 49 Inch
11.6.4 Rim Diameter Above 49 Inch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Heavy Duty Truck Tires
11.10.2 OTR Tires
11.10.3 Agricultural Tires
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rim Diameter Below 29 Inch
12.6.2 29 Inch Above Rim DiameterBelow 39 Inch
12.6.3 39 Inch Above Rim DiameterBelow 49 Inch
12.6.4 Rim Diameter Above 49 Inch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Heavy Duty Truck Tires
12.10.2 OTR Tires
12.10.3 Agricultural Tires
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rim Diameter Below 29 Inch
13.6.2 29 Inch Above Rim DiameterBelow 39 Inch
13.6.3 39 Inch Above Rim DiameterBelow 49 Inch
13.6.4 Rim Diameter Above 49 Inch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Heavy Duty Truck Tires
13.10.2 OTR Tires
13.10.3 Agricultural Tires
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bias Heavy-Duty Tires Market: Competitive Dashboard
14.2 Global Bias Heavy-Duty Tires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Michelin
14.3.2 Bridgestone
14.3.3 Goodyear
14.3.4 Titan
14.3.5 Yokohama Tire
14.3.6 Continental
14.3.7 CHEMCHINA
14.3.8 Alliance Tire Group
14.3.9 BKT
14.3.10 Guizhou Tire
14.3.11 Michelin
14.3.12 Apollo
