Market Overview:
The global radial heavy-duty tires market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for radial heavy-duty tires from various applications, such as heavy duty truck tires, OTR tires, and agricultural tires. Additionally, the growing demand for radial heavy-duty tires from emerging economies is expected to fuel the growth of the market during the forecast period. On basis of type, rim diameter below 29 inch segment accounted for a major share in terms of value in 2017 and is projected to grow at a significant rate over next few years owing to increase in demand from small commercial vehicles segment across different regions. Rim diameter above 49 inch segment accounted for second largest share in terms of value in 2017 and it is anticipated that this trend would continue over next few years due high adoption rates by large commercial vehicles manufacturers across different geographies. On basis on application type Heavy Duty Truck Tires held dominant position with highest revenue share contribution followed Agricultural Tires & OTR Tires respectively In 2017 And it Is Estimated To Grow At A Significant Rate Over Next Few Years . North America region dominated global radial heavy duty tire market with highest revenue share contribution In 2017 And It Is Expected To Remain Dominant Throughout The Forecast Period .
Product Definition:
Radial heavy-duty tires are a type of radial tire that is specifically designed for use on heavy-duty trucks and other large vehicles. They offer a high level of durability and performance, and are able to handle the demanding conditions encountered in commercial applications.
Rim Diameter Below 29 Inch:
Rim DiameterBelow 29 Inch (RD29) is a tire size that is designed for use with trucks, buses, and trailers. The tires are built to carry the maximum amount of load without causing damage to the vehicle. Rim diameter below 29 inch tires are mainly used in heavy-duty applications such as construction equipment and trucking industry.
The global market for rim diameter below 29 inch tires was valued at USD 5,500 million in 2015.
29 Inch Above Rim DiameterBelow 39 Inch:
29 inch above rim diameter below 39 inch are generally used in radial heavy-duty tires. The 29 inches of the above stated formula is the maximum width of tire that can be mounted on a vehicle with a standard road wheel (6.5 inches wide). Radial tires have higher load carrying capacity than their counterparts and hence they are preferred for use in trucks, construction vehicles, buses, agricultural vehicles and other such applications where high load carrying capacity is required.
Application Insights:
The heavy-duty truck tires accounted for the largest share of over 70.0% in 2017 and are projected to witness significant growth over the forecast period. The segment is driven by increasing demand from construction, mining, agricultural and municipal applications across various regions including North America and Europe. In addition, growing emphasis on reducing road accidents due to lack of proper tire maintenance is expected to drive the demand further.
OTR tires are used on light commercial vehicles such as mini trucks, delivery vans among others which travel less than 10 thousand miles per year in order to preserve the vehicle¢â‚¬â„¢s original rubber components for reuse or replacement purposes after a certain number of years since manufacturing date codes have been largely adopted by manufacturers globally owing to low cost production coupled with high durability properties offered by these types of tires which can be mounted again & again without changing their shape or size significantly improving overall vehicle appearance & appeal thereby driving market growth over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key tire manufacturing companies such as Bridgestone, Firestone, Sumitomo Rubber Industries, Inc., and Jitney Group coupled with growing automotive industry in countries such as China and India are some of the major factors contributing to regional growth.
Europe accounted for a significant share owing to high demand from commercial vehicle segment. Countries such as Germany, France, Italy have a strong presence of heavy-duty truck manufacturers which has led to high sales volume for radial tires across Europe region.
Growth Factors:
- Increasing demand for radial heavy-duty tires from the commercial vehicle segment
- Rising awareness about the benefits of radial heavy-duty tires among fleet operators and truck owners
- Proliferation of radial heavy-duty tire dealers and service centers across key markets
- Technological advancements in the design and manufacturing of radial heavy-duty tires
- Growing demand for retreaded radial heavy-duty tires
Scope Of The Report
Report Attributes
Report Details
Report Title
Radial 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, Linglong Tire, 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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Radial Heavy-Duty Tires Market Report Segments:
The global Radial 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
- Linglong Tire
- Apollo
Highlights of The Radial 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 Radial 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.
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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?
Radial heavy-duty tires are designed to provide a high level of traction and stability on off-road surfaces. They are also known for their durability and ability to handle a variety of weather conditions.
Some of the major players in the radial heavy-duty tires market are Michelin, Bridgestone, Goodyear, Titan, Yokohama Tire, Continental, CHEMCHINA, Alliance Tire Group, BKT, Guizhou Tire, Linglong Tire, Apollo.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radial 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 Radial Heavy-Duty Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radial 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 Radial 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 Radial Heavy-Duty Tires Market Size & Forecast, 2018-2028
4.5.1 Radial Heavy-Duty Tires Market Size and Y-o-Y Growth
4.5.2 Radial Heavy-Duty Tires Market Absolute $ Opportunity
Chapter 5 Global Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial 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 Radial 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 Radial Heavy-Duty Tires Analysis and Forecast
9.1 Introduction
9.2 North America Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires Analysis and Forecast
10.1 Introduction
10.2 Europe Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires Analysis and Forecast
12.1 Introduction
12.2 Latin America Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires 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) Radial Heavy-Duty Tires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radial Heavy-Duty Tires 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) Radial Heavy-Duty Tires 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) Radial Heavy-Duty Tires 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 Radial Heavy-Duty Tires Market: Competitive Dashboard
14.2 Global Radial 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 Linglong Tire
14.3.12 Apollo
