The global Construction Machinery Tires Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Construction Machinery Tires are used in vehicles majorly used to transport supplies across remote locations. It enhances wear and tear. The Construction Machinery Tires market is expanding because of factors such as the rising demand for heavy commercial vehicles and the growing government focus on the development of infrastructure.
According to Statista in 2020, approximately 10.1 million commercial vehicles were produced in North America. Whereas, the production and sales of commercial vehicles in Europe, North America and Asia-Pacific are also surging. In Europe, during 2018-2019 the production of commercial vehicles increased from 260,16,617 to 28,552,56 units. Whereas rising demand for construction activities and technological advancement and innovations create lucrative opportunities for the market. However, the higher cost of construction machinery hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Construction Machinery Tires Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing demand for heavy commercial vehicles, and growing construction and manufacturing activities. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing government focus ad spending towards the infrastructure development across the region.
Major market players included in this report are:
- Bridgestone Corporation
- Continental Tires
- Hankook Tire American Corporation
- Michelin
- Sumitomo Rubber Industries Ltd
- Goodyear Tire & Rubber Company
- Alliance Tire Company Ltd
- Trelleborg AB
- Toyo Tire & Rubber Co., Ltd.
- Yokohama Tire Corporation
Recent Developments in the Market:
- In November 2022, Hercules Tires and TIS Off-road collaborated to create the "TIS TT1 tyre," an all-season mud tyre with two distinct shoulder designs made for jeeps and light vehicles. The TT1 benefits from an aggressive tread pattern to guarantee that the tyre gives superior traction in challenging off-road conditions.
Global Construction Machinery Tires Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Tire, Construction Machinery, Sales Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Tire:
By Construction Machinery:
- Earth Moving Machinery
- Material Handling
By Sales Channel:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Construction Machinery Tires Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Construction Machinery Tires Market, by Tire Type, 2019-2029 (USD Billion)
- 1.2.3. Construction Machinery Tires Market, by Construction Machinery Type, 2019-2029 (USD Billion)
- 1.2.4. Construction Machinery Tires Market, by Sales Channel Type, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Construction Machinery Tires Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Construction Machinery Tires Market Dynamics
- 3.1. Construction Machinery Tires Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for heavy commercial vehicles
- 3.1.1.2. Growing government focus on the development of infrastructure
- 3.1.2. Market Challenges
- 3.1.2.1. Higher cost of construction machinery
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising demand for construction activities
- 3.1.3.2. Technological advancement and innovations
Chapter 4. Global Construction Machinery Tires Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Construction Machinery Tires Market, by Tire
- 6.1. Market Snapshot
- 6.2. Global Construction Machinery Tires Market by Tire, Performance - Potential Analysis
- 6.3. Global Construction Machinery Tires Market Estimates & Forecasts by Tire 2019-2029 (USD Billion)
- 6.4. Construction Machinery Tires Market, Sub SegSub-Segmentis
- 6.4.1. Radial Tire
- 6.4.2. Bias Tire
Chapter 7. Global Construction Machinery Tires Market, by Construction Machinery Type
- 7.1. Market Snapshot
- 7.2. Global Construction Machinery Tires Market by Construction Machinery Type, Performance - Potential Analysis
- 7.3. Global Construction Machinery Tires Market Estimates & Forecasts by Construction Machinery Type 2019-2029 (USD Billion)
- 7.4. Construction Machinery Tires Market, Sub Segment Analysis
- 7.4.1. Earth Moving Machinery
- 7.4.2. Material Handling
- 7.5. Global Construction Machinery Tires Market, by Sales Channel Market Snapshot
- 7.6. Global Construction Machinery Tires Market by Sales Channel, Performance - Potential Analysis
- 7.7. Global Construction Machinery Tires Market Estimates & Forecasts by Sales Channel 2019-2029 (USD Billion)
- 7.8. Construction Machinery Tires Market, Sub Segment Analysis
- 7.8.1. OEMs
- 7.8.2. Aftermarket
Chapter 8. Global Construction Machinery Tires Market, Regional Analysis
- 8.1. Construction Machinery Tires Market, Regional Market Snapshot
- 8.2. North America Construction Machinery Tires Market
- 8.2.1. U.S. Construction Machinery Tires Market
- 8.2.1.1. Tire breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Construction Machinery Type breakdown estimates & forecasts, 2019-2029
- 8.2.1.3. Sales Channel Type breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Construction Machinery Tires Market
- 8.3. Europe Construction Machinery Tires Market Snapshot
- 8.3.1. U.K. Construction Machinery Tires Market
- 8.3.2. Germany Construction Machinery Tires Market
- 8.3.3. France Construction Machinery Tires Market
- 8.3.4. Spain Construction Machinery Tires Market
- 8.3.5. Italy Construction Machinery Tires Market
- 8.3.6. Rest of Europe Construction Machinery Tires Market
- 8.4. Asia-Pacific Construction Machinery Tires Market Snapshot
- 8.4.1. China Construction Machinery Tires Market
- 8.4.2. India Construction Machinery Tires Market
- 8.4.3. Japan Construction Machinery Tires Market
- 8.4.4. Australia Construction Machinery Tires Market
- 8.4.5. South Korea Construction Machinery Tires Market
- 8.4.6. Rest of Asia Pacific Construction Machinery Tires Market
- 8.5. Latin America Construction Machinery Tires Market Snapshot
- 8.5.1. Brazil Construction Machinery Tires Market
- 8.5.2. Mexico Construction Machinery Tires Market
- 8.6. Rest of The World Construction Machinery Tires Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Bridgestone Corporation
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Continental Tires
- 9.2.3. Hankook Tire American Corporation
- 9.2.4. Michelin
- 9.2.5. Sumitomo Rubber Industries Ltd
- 9.2.6. Goodyear Tire & Rubber Company
- 9.2.7. Alliance Tire Company Ltd
- 9.2.8. Trelleborg AB
- 9.2.9. Toyo Tire & Rubber Co., Ltd.
- 9.2.10. Yokohama Tire Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption