Heavy-Duty Tires Market
Heavy-Duty Tires Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Heavy-Duty Tires Market Size and Growth
The Heavy-Duty Tires market is experiencing significant growth, driven by increasing demand in transportation and construction sectors. The global market size is projected to reach approximately USD 40 billion by 2027, fueled by advancements in tire technology and rising fleet activities. Key trends include sustainability and enhanced performance features.
Companies Covered
(Covid 19 Impact Covered)
◍ Bridgestone
◍ Michelin
◍ Goodyear
◍ Continental
◍ Zhongce Rubber
◍ Apollo
◍ Chem China
◍ Double Coin Holdings
◍ Guizhou Tire
◍ Titan
◍ Prinx Chengshan
◍ Trelleborg
◍ Pirelli
◍ Yokohama Tire
◍ BKT
◍ Linglong Tire
◍ Xugong Tyres
The heavy-duty tires market features major players including Bridgestone, Michelin, and Goodyear, focusing on durability and performance. Companies enhance market growth through innovation, expanding product ranges, and strategic partnerships. Sales revenues for select companies include:
- Bridgestone: $26 billion
- Michelin: $25 billion
- Goodyear: $12 billion
These strategies boost demand and market expansion.
◍ Triangle
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Market Segmentation
By Application
◍ Heavy Duty Truck Tires
◍ OTR Tires
◍ Agricultural Tires
By Product
◍ Rim Diameter ≤29 inch
◍ 29 inch ＜ Rim Diameter≤39 inch
◍ 39 inch ＜ Rim Diameter≤49 inch
◍ Rim Diameter ＞ 49 inch
Market Growth
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$ X Billion USD
