Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Low Rolling Resistance Truck and Bus Radial Tire Market by Type (Bias Tires, Radial Tires), By Application (Agriculture, Commerce, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Low Rolling Resistance Truck and Bus Radial Tire Market by Type (Bias Tires, Radial Tires), By Application (Agriculture, Commerce, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131169 3300 Automobile & Transportation 377 236 Pages 4.7 (36)
                                          

Market Overview:


The global low rolling resistance truck and bus radial tire market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for fuel-efficient tires across the globe. Based on type, bias tires are expected to dominate the global low rolling resistance truck and bus radial tire market throughout the forecast period. This can be attributed to their high durability as compared to other types of tires available in the market.


Global Low Rolling Resistance Truck and Bus Radial Tire Industry Outlook


Product Definition:


A truck or bus radial tire is a high-performance, fuel-efficient tire that has been specifically designed for use on trucks and buses.


• Greater durability.


Bias Tires:


Bias tires are also known as radial tires. They were initially designed for aircraft, where high performance is a primary requirement. Bias technology was later adopted by the automotive industry and has been witnessing steady growth in recent years owing to its ability to deliver improved handling characteristics at a relatively lower cost than other types of radials.


Radial Tires:


Radial tires are designed to deliver better performance in terms of fuel economy and safety. The design provides more contact between the tire and the road, which reduces the rolling resistance. As a result, they provide better fuel efficiency as compared to non- radial tires.


The growing demand for green products is expected to be one of the key factors driving market growth over the forecast period. In addition, stringent government regulations regarding carbon emissions are likely to propel product demand further.


Application Insights:


The agriculture segment dominated the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for tractors and other agricultural vehicles across various regions of the world. Agriculture is one of the major occupations in several regions, including Central and South America, Asia Pacific, Africa, and Middle East & Africa. This factor would boost product demand across these regions over the coming years.


Commerce was another prominent application sector that accounted for a significant share in 2017 due to high consumer spending on automobiles as a status symbol among high-income groups globally. Increasing urbanization along with rising disposable income has led to an increase in car ownership rates globally among all age groups from young adults through seniors citizens which has positively influenced industry growth over recent years.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume, which can be attributed to growing adoption of low rolling resistance tires across several industries including agriculture, construction, and commercial transportation. In addition, increasing investments by governments in developing countries are likely to boost demand for light weight vehicles that will further propel growth. For instance; China’s 13th Five-Year Plan (2016 - 2020) has identified tire manufacturing as one of its key focuses with an aim to develop high-quality tires with competitive prices.


Europe was another major contributor towards industry expansion owing to rising demand from various end users such as buses & trucks and other commercial applications such as garbage collection & recycling trucks among others.


Growth Factors:


  • Increasing demand for fuel-efficient vehicles: The global market for low rolling resistance truck and bus radial tires is expected to grow at a CAGR of over 5% during the forecast period. This can be attributed to the increasing demand for fuel-efficient vehicles, especially in developed countries such as the US and Europe.
  • Stringent emission norms: Stringent emission norms across different countries are also driving the growth of this market. For instance, Euro VI emissions norm was introduced in Europe in September 2014, which mandates that all new heavy-duty commercial vehicles must have a low rolling resistance tire fitted as standard equipment starting from November 2016 onwards.
  • Rising awareness about energy conservation: There is an increasing awareness among consumers about energy conservation and its benefits, which is aiding the growth of this market. In addition, various government initiatives aimed at promoting fuel efficiency are also contributing to the growth of this market.

Scope Of The Report

Report Attributes

Report Details

Report Title

Low Rolling Resistance Truck and Bus Radial Tire Market Research Report

By Type

Bias Tires, Radial Tires

By Application

Agriculture, Commerce, Others

By Companies

Apollo Vredestein, Bridgestone, Continental, Michelin, The Goodyear Tire and Rubber, Falken Tire, Hankook Tire Worldwide, Kumho Tire, Maxxis International, Nokian Tyres, Pirelli & C.

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

236

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global Low Rolling Resistance Truck and Bus Radial Tire Market Report Segments:

The global Low Rolling Resistance Truck and Bus Radial Tire market is segmented on the basis of:

Types

Bias Tires, Radial Tires

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

Agriculture, Commerce, Others

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:

  1. Apollo Vredestein
  2. Bridgestone
  3. Continental
  4. Michelin
  5. The Goodyear Tire and Rubber
  6. Falken Tire
  7. Hankook Tire Worldwide
  8. Kumho Tire
  9. Maxxis International
  10. Nokian Tyres
  11. Pirelli & C.

Global Low Rolling Resistance Truck and Bus Radial Tire Market Overview


Highlights of The Low Rolling Resistance Truck and Bus Radial Tire Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Bias Tires
    2. Radial Tires
  1. By Application:

    1. Agriculture
    2. Commerce
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Low Rolling Resistance Truck and Bus Radial 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

Global Low Rolling Resistance Truck and Bus Radial Tire Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Low Rolling Resistance Truck and Bus Radial 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. Low Rolling Resistance Truck and Bus Radial Tire Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Low Rolling Resistance Truck and Bus Radial Tire Market - Supply Chain
   4.5. Global Low Rolling Resistance Truck and Bus Radial Tire Market Forecast
      4.5.1. Low Rolling Resistance Truck and Bus Radial Tire Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Low Rolling Resistance Truck and Bus Radial Tire Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Low Rolling Resistance Truck and Bus Radial Tire Market Absolute $ Opportunity

5. Global Low Rolling Resistance Truck and Bus Radial 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. Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Type
      5.3.1. Bias Tires
      5.3.2. Radial Tires
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Low Rolling Resistance Truck and Bus Radial 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. Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Application
      6.3.1. Agriculture
      6.3.2. Commerce
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Low Rolling Resistance Truck and Bus Radial 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. Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial 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. Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial Tire Demand Share Forecast, 2019-2029

9. North America Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Application
      9.4.1. Agriculture
      9.4.2. Commerce
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Type
      9.7.1. Bias Tires
      9.7.2. Radial Tires
   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 Low Rolling Resistance Truck and Bus Radial Tire Demand Share Forecast, 2019-2029

10. Latin America Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Application
      10.4.1. Agriculture
      10.4.2. Commerce
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Type
      10.7.1. Bias Tires
      10.7.2. Radial Tires
   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 Low Rolling Resistance Truck and Bus Radial Tire Demand Share Forecast, 2019-2029

11. Europe Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Application
      11.4.1. Agriculture
      11.4.2. Commerce
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Type
      11.7.1. Bias Tires
      11.7.2. Radial Tires
   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 Low Rolling Resistance Truck and Bus Radial Tire Demand Share, 2019-2029

12. Asia Pacific Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Application
      12.4.1. Agriculture
      12.4.2. Commerce
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Type
      12.7.1. Bias Tires
      12.7.2. Radial Tires
   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 Low Rolling Resistance Truck and Bus Radial Tire Demand Share, 2019-2029

13. Middle East & Africa Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial 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 Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Application
      13.4.1. Agriculture
      13.4.2. Commerce
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Low Rolling Resistance Truck and Bus Radial Tire Market Size and Volume Forecast by Type
      13.7.1. Bias Tires
      13.7.2. Radial Tires
   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 Low Rolling Resistance Truck and Bus Radial Tire Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Low Rolling Resistance Truck and Bus Radial Tire Market: Market Share Analysis
   14.2. Low Rolling Resistance Truck and Bus Radial Tire Distributors and Customers
   14.3. Low Rolling Resistance Truck and Bus Radial Tire Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Apollo Vredestein
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Bridgestone
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Continental
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Michelin
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. The Goodyear Tire and Rubber
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Falken Tire
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Hankook Tire Worldwide
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Kumho Tire
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Maxxis International
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Nokian Tyres
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Pirelli & C.
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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