Market Overview:
The global haul trucks 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 haul trucks tires from the OEM and aftermarket segments. Additionally, factors such as rising disposable income, growing infrastructure development and increasing adoption of advanced technologies are also contributing to the growth of this market. On the basis of type, pneumatic tires are expected to account for a major share in terms of revenue in 2018 and is projected to grow at a CAGR of 5%. This can be attributed to their high durability and superior performance as compared with other types of tires available in the market.
Product Definition:
A haul truck tire is a large, durable tire that is specially designed for use on haul trucks. These vehicles are used to transport large quantities of earth and other materials, so it is important that they have a reliable and sturdy tire. Haul truck tires are typically made from heavy-duty rubber and can withstand the harsh conditions of mining or construction sites.
Pneumatic:
Pneumatic tires are made up of rubber and air. They can be used on vehicles that have wheels or tracks. The pneumatic tire is a flexible tube filled with compressed air, nitrogen or carbon dioxide. As the vehicle moves, the pressure in the tire changes; this creates an imbalance which must be corrected by applying force to the tread of one or more tires so as to return it to equilibrium.
Solid:
Solid tires are made up of rubber and are used in heavy-duty applications such as construction, mining, agriculture and material handling. The product is available in two forms namely run-flat and non-run-flat. Run flat tires can be used for low air pressure which makes them suitable for use in the transportation industry.
Application Insights:
OEM tire application dominated the global market in 2017. The OEMs are investing significantly in R&D to develop better tires and are focusing on improving their product line for commercial vehicles. For instance, Bridgestone Corporation launched a new set of tires under the brand name ¢â‚¬ËœTaurus¢â‚¬â„¢ which is manufactured specifically for light commercial vehicles (LCVs) across the globe.
The aftermarket segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising replacement activities as most of the consumers prefer re-tying their existing rims with new tires, thereby avoiding any additional expenditure on vehicle maintenance. Moreover, growing awareness regarding improved driving experience coupled with high safety standards will drive demand over next few years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to continue its dominance over the forecast period owing to increasing industrialization and rising number of manufacturing facilities, especially in China and India. Furthermore, growing automotive industry coupled with favorable government regulations is likely to drive product demand over the next eight years.
The European market was valued at USD X million in 2017 and is anticipated to witness steady growth from 2018 to 2030 due high consumption of tires on account of heavy commercial vehicle usage across countries such as Germany, France and Italy among others are expected drive regional growth during the forecast period.
Growth Factors:
- Increasing demand for hauling trucks from the construction and mining industries is expected to drive the growth of the haul truck tires market during the forecast period.
- The increasing use of haul trucks in freight transportation is also anticipated to fuel the demand for haul truck tires in the coming years.
- The growing awareness about safety among end-users is projected to boost the demand for high-quality and durable haul truck tires in near future.
- Technological advancements in tire manufacturing are expected to create new opportunities for players operating in this market during the forecast period. 5) Growing investments by key players towards research and development activities are likely to propelthe growth of this market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Haul Trucks 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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Haul Trucks Tire Market Report Segments:
The global Haul Trucks 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 Haul Trucks 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 Haul Trucks 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?
Haul trucks tire is a type of truck tire that is designed to be used for hauling heavy loads. These tires are typically made from rubber and have a large diameter so they can handle a lot of weight.
Some of the major players in the haul trucks tire market are Camso, Titan, Continental, Trelleborg, Michelin, Aichi, Mitas, Advance, Hankook.
The haul trucks tire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Haul Trucks 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 Haul Trucks Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Haul Trucks 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 Haul Trucks 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 Haul Trucks Tire Market Size & Forecast, 2020-2028
4.5.1 Haul Trucks Tire Market Size and Y-o-Y Growth
4.5.2 Haul Trucks 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 Haul Trucks 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 Haul Trucks 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 Haul Trucks Tire Market: Competitive Dashboard
14.2 Global Haul Trucks 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
