In-Depth Analysis of the Global Commercial Vehicle Tire Market: 2023-2028 Forecasts
Latest Market Study report by MarkNtel Advisors: Market Research Company, “Global Commercial Vehicle Tire Market– By Vehicle Type (Light Commercial Vehicle (Light Truck, Light Bus, Pickup Trucks and Vans), Medium & Heavy Commercial Vehicle (Truck, Bus), By Tire Type (Radial, Bias), By Price Category (Budget, Economy, Premium)” and other forecast 2023-28”.
This report offers a detailed examination of pivotal aspects including market Size, growth factor, drivers of expansion, encompassed segments, and the pivotal role played by industry leaders.
Insight into the Global Commercial Vehicle Tire Market
The Global Commercial Vehicle Tire Market is projected to grow at a CAGR of around 5.29% during the forecast period, i.e., 2023-28.
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Report Coverage & Detailed Breakdown
- Forecast Period: 2023 to 2028.
- Base Year: 2022
- CAGR: 5.29%
Segmentation Analysis: Commercial Vehicle Tire Market
By Vehicle Type
- Light Commercial Vehicle
- Light Truck
- Light Bus
- Pickup Trucks and Vans
- Medium & Heavy Commercial Vehicle
- Truck
- Bus
By Tire Type
- Radial
- Bias
By Price Category
- Budget
- Economy
- Premium
By Sales Channel
- Multi-brand Stores
- Exclusive Outlets
- Online
By Demand Type
- OEM
- Aftermarket
By Application
- Cargo Transportation
- Public Transportation
- Oil & Gas Transportation
- Others (Construction Material Transportation, Towing, etc.)
Here, Cargo Transportation acquired a sizable market share in the historical period.
By Tire Size
- Light Commercial Vehicle
- 225/75R16
- 245/75R16
- 245/75R17
- 265/70R17
- Others (265/75R16, 285/70 R17, etc.)
- Medium & Heavy Commercial Vehicle
- 295/75R22.5
- 225/70R19.5
- 295/90R20
- 295/80R22.5
- Others (11R22.5, 11R24.5, 245/70R19.5, etc.)
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Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of all regions globally, Asia-Pacific is expected to emerge as the largest Commercial Vehicle Tire Market during 2023-28.
Commercial Vehicle Tire Market Players Analysis
Thorough analysis spotlighting key players in the global Commercial Vehicle Tire market, elucidating their strategies and competitive positioning.
- Bridgestone Corporation
- Compagnie Générale des Établissements Michelin SCA
- Continental AG
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Company Ltd.
- Pirelli & C. S.p.A
- Hankook Tire & Technology
- Kumho Tire
- Sumitomo Rubber Industries, Ltd.
- Zhongce Rubber Group Co. Ltd.
- CEAT Limited
- MRF Tyres
- JK Tyre & Industries
- Apollo Tyres Limited
- Others
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- Informed Decision-Making: Empowering stakeholders with comprehensive market insights for strategic decision-making.
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- Competitive Benchmarking: Facilitating performance assessment against industry peers and capitalizing on strengths.
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