Market Overview:
The global mining tire market is expected to grow at a CAGR of 3.8% from 2018 to 2030. The market growth is attributed to the increasing demand for mining tires from the truck, loader, bulldozer, and other applications. In terms of type, the 29 inch below rim diameter less than or equal to 49 inch segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the growing demand for smaller-sized tires in developing countries such as China and India.
Product Definition:
A mining tire is a type of off-road tire that has been designed specifically for use in mining applications. Mining tires are typically wider and taller than other types of off-road tires, and they feature a deep tread pattern that helps to provide traction in difficult terrain. Mining tires are also often reinforced with additional layers of rubber or fabric, which helps them to withstand the strenuous conditions found in mines.
29 inchBelowRim DiameterLess than or equal to49 inch:
The 29 inches below rim diameter less than or equal to 49 inches segment is expected to witness significant growth over the forecast period. The demand for mining tires with a low profile and high stability on difficult terrains is increasing globally.
Rim DiameterAbove49 inch:
Rim diameter above 49 inch is a tire size which was introduced by the European market vendors. The rim diameter above 49 inches is used in mining tires, which are used for heavy-duty applications such as off-road vehicles and construction equipment. Mining tires are designed to deliver high performance on rough surfaces and offer stability at low air pressure.
Application Insights:
The truck application segment led the global mining tire market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for trucks with improved performance and efficiency, which, in turn, will drive product demand. Furthermore, increasing focus on cost-effectiveness and reduced environmental impact coupled with growing awareness regarding these factors among companies manufacturing mining equipment will further propel industry growth over the coming years.
The loader application segment accounted for a significant share of 19% in 2017 due to high product penetration along with other products used during coal and rock excavation such as backhoe loaders & skidsteers among others.
Regional Analysis:
Asia Pacific dominated the global mining tire market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of mines, which require heavy machinery for efficient operations. Furthermore, China is one of the largest producers of coal as well as other minerals such as iron ore and gold; thus driving demand for mining equipment and tires in this country.
The European market held a significant share in 2017 owing to high demand from countries such as Russia, Germany, France among others. The growth can be attributed to increasing investments in infrastructure development along with growing industrial sector including automotive industry after Brexit scenario was clarified.
In North America also known commonly by names like Mining Belt or Mineral Region; it stretches from Canada down through parts of U S states like West Virginia.
Growth Factors:
- Increasing demand for metals and minerals from various industries
- Growing urbanization and industrialization in developing countries
- Rising investment in mining sector by public and private players
- Technological advancements in mining equipment industry
- Stringent government regulations for safety and environment
Scope Of The Report
Report Attributes
Report Details
Report Title
Mining Tire Market Research Report
By Type
29 inchBelowRim DiameterLess than or equal to49 inch, Rim DiameterAbove49 inch
By Application
Truck, Loader, Bulldozer, Others
By Companies
Bridgestone, Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber, Guizhou Tire, BKT, Double Coin Holdings, Apollo Tyres, Triangle Tyre, JK Tyre, Techking Tires
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Mining Tire Market Report Segments:
The global Mining Tire market is segmented on the basis of:
Types
29 inchBelowRim DiameterLess than or equal to49 inch, Rim DiameterAbove49 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
Truck, Loader, Bulldozer, 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:
- Bridgestone
- Michelin
- Titan Tire
- Chem China
- Yokohama
- Goodyear
- Continental
- Zhongce Rubber
- Guizhou Tire
- BKT
- Double Coin Holdings
- Apollo Tyres
- Triangle Tyre
- JK Tyre
- Techking Tires
Highlights of The Mining 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:
- 29 inchBelowRim DiameterLess than or equal to49 inch
- Rim DiameterAbove49 inch
- By Application:
- Truck
- Loader
- Bulldozer
- Others
- 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 Mining 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.
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- Correctly Positioning New Products
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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?
Mining Tire is a blockchain-based platform that allows users to buy and sell mining equipment. The company also offers consulting services for miners and other businesses in the mining industry.
Some of the key players operating in the mining tire market are Bridgestone, Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber, Guizhou Tire, BKT, Double Coin Holdings, Apollo Tyres, Triangle Tyre, JK Tyre, Techking Tires.
The mining tire market is expected to register a CAGR of 3.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mining 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. Mining Tire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mining Tire Market - Supply Chain
4.5. Global Mining Tire Market Forecast
4.5.1. Mining Tire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mining Tire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mining Tire Market Absolute $ Opportunity
5. Global Mining 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. Mining Tire Market Size and Volume Forecast by Type
5.3.1. 29 inchBelowRim DiameterLess than or equal to49 inch
5.3.2. Rim DiameterAbove49 inch
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mining 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. Mining Tire Market Size and Volume Forecast by Application
6.3.1. Truck
6.3.2. Loader
6.3.3. Bulldozer
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mining 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. Mining 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 Mining 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. Mining 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 Mining Tire Demand Share Forecast, 2019-2026
9. North America Mining 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 Mining 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 Mining Tire Market Size and Volume Forecast by Application
9.4.1. Truck
9.4.2. Loader
9.4.3. Bulldozer
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mining Tire Market Size and Volume Forecast by Type
9.7.1. 29 inchBelowRim DiameterLess than or equal to49 inch
9.7.2. Rim DiameterAbove49 inch
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 Mining Tire Demand Share Forecast, 2019-2026
10. Latin America Mining 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 Mining 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 Mining Tire Market Size and Volume Forecast by Application
10.4.1. Truck
10.4.2. Loader
10.4.3. Bulldozer
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mining Tire Market Size and Volume Forecast by Type
10.7.1. 29 inchBelowRim DiameterLess than or equal to49 inch
10.7.2. Rim DiameterAbove49 inch
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 Mining Tire Demand Share Forecast, 2019-2026
11. Europe Mining 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 Mining 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 Mining Tire Market Size and Volume Forecast by Application
11.4.1. Truck
11.4.2. Loader
11.4.3. Bulldozer
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mining Tire Market Size and Volume Forecast by Type
11.7.1. 29 inchBelowRim DiameterLess than or equal to49 inch
11.7.2. Rim DiameterAbove49 inch
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractieness/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 Mining Tire Demand Share, 2019-2026
12. Asia Pacific Mining 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 Mining 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 Mining Tire Market Size and Volume Forecast by Application
12.4.1. Truck
12.4.2. Loader
12.4.3. Bulldozer
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mining Tire Market Size and Volume Forecast by Type
12.7.1. 29 inchBelowRim DiameterLess than or equal to49 inch
12.7.2. Rim DiameterAbove49 inch
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 Mining Tire Demand Share, 2019-2026
13. Middle East & Africa Mining 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 Mining 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 Mining Tire Market Size and Volume Forecast by Application
13.4.1. Truck
13.4.2. Loader
13.4.3. Bulldozer
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mining Tire Market Size and Volume Forecast by Type
13.7.1. 29 inchBelowRim DiameterLess than or equal to49 inch
13.7.2. Rim DiameterAbove49 inch
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 Mining Tire Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mining Tire Market: Market Share Analysis
14.2. Mining Tire Distributors and Customers
14.3. Mining Tire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bridgestone
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Michelin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Titan Tire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chem China
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yokohama
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Goodyear
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Continental
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhongce Rubber
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Guizhou Tire
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BKT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Double Coin Holdings
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Apollo Tyres
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Triangle Tyre
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. JK Tyre
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Techking Tires
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
