Astute Analytica released a new market report on the Global Truck-Bus Tires Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market’s growth characteristics.

The Global Truck-Bus Tires Market size will grow from US$ 41,565 million in 2021 to US$ 57,261 million by 2027, registering a tremendous compound annual growth rate (CAGR) of 5.5% during the forecast period 2022 to 2027.

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Regional Analysis:

The report highlights key factors such as R&D, new product launches, M&A, agreements, partnerships, joint ventures, collaborations, and growth of key industry participants from a regional and global perspective. The report covers the regions of North America, Asia Pacific, Europe, Middle East & Africa, and South America. Additionally, the report offers country-level estimates for 25+ countries, including the US, Germany, UK, Japan, China, India, the UAE, South Korea, South Africa, and the Middle East. The regional analysis presents information at the regional and country-level about the market, including the market dynamics based on the segments covered in the report.

COVID-19 Impact:

The impact of the COVID-19 pandemic outbreak appeared to slow global revenue growth. It is evident that life, businesses, and economies have transformed in the past year–a process reflected in revenue increases and decreases. A disruption in production and a slowing demand was evident as workers went home, travel restrictions took place, and delay in raw materials supply. The effects of the pandemic on supply have been most visible. During the early days of the pandemic, companies in the worst-hit countries or companies dependent on supply chains in those countries suffered severely.

Major Key Players in Global Truck-Bus Tires Market are:

  • Aeolus Tyres
  • Bridgestone Corporation
  • Cheng Shin Rubber
  • Continental AG
  • Cooper Tire
  • Double Coin
  • Giti Tire
  • Goodyear Tire & Rubber Company
  • Hankook Tire & Technology Co. Ltd.
  • KUMHO Tire
  • LINGLONG Tire
  • MICHELIN
  • Pirelli & C. S.p.A.
  • Sumitomo Rubber Industries Ltd.
  • Triangle Tires
  • Xingyuan Tire Group
  • Yokohama Tire Corporation
  • ZC Rubber

Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Global Truck-Bus Tires Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.

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Segmentation Overview 

By Tire Type

  • Radial
  • Bias

By Operation Type

  • Steer
  • Drive
  • Trailer

By Applications

  • Truck
  • Bus

By Weight

  • < 50 Kg
  • 50 – 80 Kg
  • 80 – 100 Kg
  • 100 – 150 Kg
  • > 150Kg

By Distribution Channel

  • OEM
  • Aftermarket
  • Brand Stores
  • Independent Tire dealers
  • Retail Tire Chains

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Argentina
    • Brazil
    • Rest of South America

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

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