DUBLIN--(BUSINESS WIRE)--The "Global Heavy-Duty Tire Market - Overview and Forecast (2016 - 2021)" report has been added to Research and Markets' offering.
The Heavy-Duty Tire Market is expected to grow at a CAGR of around 5.5% in the forecast period.
Increased demand for construction, mining and agricultural machinery equipment and tire replacement has helped in the growth of the market. Technology development in small OTR tires revolves around the development of new tread patterns, compounding and casing upgrades. There has been significant momentum in the small heavy-duty tire industry. The market had been lagging for the last 2-3 years as the industries with heavy-duty tire usage like small loaders, skid-steers and backhoes were significantly low. In addition the growth rate for the construction industry is expected to be above 5%, which would also affect the market growth positively for heavy-duty tires significantly in the forecast period. In addition, improving economic environment and increasing emphasis towards mechanization of agricultural activities would also drive the growth of the market driven by the increased demand for harvesters, tillers, shredders etc.
In order to be successful in the market, it becomes critical for the dealers to be well versed and knowledgeable about the product especially for the aftermarket, to provide the right equipment. Having the product knowledge to make recommendations, insights into the variables impacting tire performance, and understanding the different customer applications is critical. Dealers should also train their staff for the safety service the tires provide. While small OTR tires are used in a variety of ways, often the tire is used in an industry where downtime can be costly.
- American Farmer
- Armour Tires
- Cooper Tire & Rubber Company
- Hankook Tire Co. Ltd.
- Michelin Group
- Sumitomo Rubber Industries, Ltd.
Key Topics Covered:
2. Key Findings
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global Automotive Heavy Duty Tires Market, By Application
7. Global Automotive Heavy Duty Tires Market, By End Consumers
8. Global Automotive Heavy Duty Tires Market, By Tire Type
9. Global Automotive Heavy Duty Tires Market, By Geography
10. Competitive Landscape
11. Key Vendor Analysis
12. Future And Investment Outlook
For more information about this report visit https://www.researchandmarkets.com/research/fpxh66/global_heavyduty