Market Overview:
The global compact wheel loader tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for compact wheel loaders in various applications, such as construction, mining, and agriculture. In addition, the growing demand for polyurethane tires over pneumatic and solid tires is also contributing to the growth of this market. Based on type, the global compact wheel loader tire market can be segmented into pneumatic tires, solid tires, and polyurethane tires. Pneumatic tires are expected to dominate this market during the forecast period owing to their superior performance characteristics as compared to other types of tires. Based on application, OEMs are expected to account for a major share of this market during the forecast period owing to rising demand from end-use industries such as construction and mining.
Product Definition:
A compact wheel loader tire is a type of construction equipment tire that is designed for use on compact wheel loaders. Compact wheel loader tires are typically smaller in size than other types of construction equipment tires, and they are designed to provide good traction and durability in a variety of terrain conditions. Compact wheel loader tires can be used for a variety of applications such as construction, landscaping, and farming.
Pneumatic:
Pneumatic tires are made up of rubber and air. They can be used for the transportation of goods in vehicles or machines. The pneumatic tire is a flexible tube filled with compressed air, nitrogen or carbon dioxide. As the vehicle/machine moves, the pressure inside the tire changes; this creates an imbalance which must be counterbalanced by weight on wheels to keep it from rolling down inclined planes and roads.
Solid:
Solid tire is a type of pneumatic tire that is made up of solid rubber. It has a tread pattern and shoulder, but no bead. The Solid tires are used in compact wheel loader applications because they have the strength to carry heavy loads over rough terrain without folding, while also providing enough traction for use on smooth surfaces.
The demand for small equipment has been on the rise in recent years as farmers seek ways to increase their income.
Application Insights:
OEMs and other players have been manufacturing products that cater to the demand from various application industries. OEMs account for a major share in the overall market as they are known for producing quality-assured products. Compact wheel loaders tire are widely used in construction, agriculture, forestry, mining and civil engineering applications among others.
The agricultural industry has been growing significantly over the past few years owing to increasing investments in greenfield projects coupled with technological advancements made by farmers across the globe regarding crop management practices. The industry is expected to reach USD 38 billion by 2030 driven primarily by high investments coupled with government initiatives promoting food production worldwide.
Regional Analysis:
Asia Pacific dominated the global compact wheel loader tire market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players such as Bridgestone, Michelin, Goodyear and Pirelli is anticipated to drive demand for these tires in this region. In addition, rising construction activities coupled with increasing government spending on infrastructure development are estimated to fuel product demand further.
Europe accounted for a significant share of revenue in 2017 owing to growing construction activities coupled with stringent regulations regarding safety standards implemented by various regulatory bodies such as ETSI and ISO. These factors are anticipated to drive product demand over the forecast period.
The North America market was valued at USD X million in 2017 owing an increase in sales volume across all applications from OEMs.
Growth Factors:
- Increasing demand for compact wheel loaders in construction and mining applications
- Rising adoption of compact wheel loaders in small businesses and municipalities
- Growing demand for low-cost, fuel-efficient machines
- Technological advancements in compact wheel loader tires that improve performance and durability
- Increasing awareness about the benefits of using compact wheel loaders
Scope Of The Report
Report Attributes
Report Details
Report Title
Compact Wheel Loader Tire Market Research Report
By Type
Pneumatic, Solid, Polyurethane
By Application
OEM, Aftermarket
By Companies
Camso, Titan, Continental, Trelleborg, Michelin, Aichi, Mitas, Advance, Hankook
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Compact Wheel Loader Tire Market Report Segments:
The global Compact Wheel Loader Tire market is segmented on the basis of:
Types
Pneumatic, Solid, Polyurethane
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
OEM, Aftermarket
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:
- Camso
- Titan
- Continental
- Trelleborg
- Michelin
- Aichi
- Mitas
- Advance
- Hankook
Highlights of The Compact Wheel Loader 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:
- Pneumatic
- Solid
- Polyurethane
- By Application:
- OEM
- Aftermarket
- 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 Compact Wheel Loader 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.
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?
A compact wheel loader tire is a type of tire designed for use on small, lightweight equipment. Compact wheel loader tires are typically less than 12 inches in diameter and have a narrower tread pattern than standard tractor tires. They are also made from lighter materials that allow them to be more easily moved and transported.
Some of the key players operating in the compact wheel loader tire market are Camso, Titan, Continental, Trelleborg, Michelin, Aichi, Mitas, Advance, Hankook.
The compact wheel loader tire 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 Compact Wheel Loader Tire 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 Compact Wheel Loader Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compact Wheel Loader Tire 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 Compact Wheel Loader Tire 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 Compact Wheel Loader Tire Market Size & Forecast, 2020-2028
4.5.1 Compact Wheel Loader Tire Market Size and Y-o-Y Growth
4.5.2 Compact Wheel Loader Tire 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 Pneumatic
5.2.2 Solid
5.2.3 Polyurethane
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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compact Wheel Loader Tire 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 Compact Wheel Loader Tire 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 Pneumatic
9.6.2 Solid
9.6.3 Polyurethane
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 OEM
9.10.2 Aftermarket
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 Pneumatic
10.6.2 Solid
10.6.3 Polyurethane
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 OEM
10.10.2 Aftermarket
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 Pneumatic
11.6.2 Solid
11.6.3 Polyurethane
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 OEM
11.10.2 Aftermarket
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 Pneumatic
12.6.2 Solid
12.6.3 Polyurethane
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 OEM
12.10.2 Aftermarket
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 Pneumatic
13.6.2 Solid
13.6.3 Polyurethane
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 OEM
13.10.2 Aftermarket
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 Compact Wheel Loader Tire Market: Competitive Dashboard
14.2 Global Compact Wheel Loader Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Camso
14.3.2 Titan
14.3.3 Continental
14.3.4 Trelleborg
14.3.5 Michelin
14.3.6 Aichi
14.3.7 Mitas
14.3.8 Advance
14.3.9 Hankook
