Global Specialty Tire Market report published by Reports and Data is a comprehensive research report that analyzes revenue growth at global, regional, and country level with an extensive analysis of current and future industry trends pertaining to each segment and sub segment. The report provides key information about market size, market share, market revenue, top companies, sales and distribution channels, current and emerging trends, and overall industry overview. The report provides an in-depth analysis of the competitive landscape and covers profiling of the key players along with their product portfolios and business strategies.
global Specialty Tire Market is forecasted to grow at a rate of 6.5% from USD 18.85 Million in 2020 to USD 29.28 million in 2028. Specialty tires are extensively used in various sectors such as aircraft, construction machinery, and highly specialized equipment, etc. To sustain the extreme and harsh conditions in construction machinery, and industrial sectors, the tires must be manufactured with an extraordinary level of technical expertise.
Key players of the market mentioned in the report are Companies considered and profiled in this market study Xingyuan, Giti, Xugong, Linglong, Zhongce, Sumitomo, Cheng shin, Mrf, Kumho, Apollo, Nokian, Guizhou Tire, ATG, BKT, Michelin, Bridgestone, Goodyear, Continental, Yokohoma, Trelleborg, Mitas, Triangle have been profiled in the report. They are the major manufacturers of the product.
Regional analysis offers comprehensive assessment of market scope and revenue growth in five major geographical regions including North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report also offers insights into key market drivers, restraints, challenges, limitations, and emerging growth opportunities in the region.
Increasing innovation and development in the information and communication technology has significantly contributed to revenue growth of the market. End-use industries and companies are leveraging advanced technologies and digital platforms to gain a competitive edge over other players. Information and communication technology broadly covers communication devices, satellite systems, and enterprise software among others. Penetration of digital applications and paradigm shift towards video conferencing and distance learning, especially during the COVID-19 pandemic has accelerated revenue growth of the market. Increasing investment to develop advanced IT infrastructure have increased reliance of companies on ICT industry have further contributed to revenue growth of the market in the recent past. ICT industry is expected to register robust revenue growth over the forecast period of 2021-2028.
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Type Outlook (Revenue, USD Billion; 2018-2028)
- Radial Tires
- Bias (Crossply) Tires
Application Outlook (Revenue, USD Billion; 2018-2028)
- Agricultural Vehicles
- Engineering Vehicles
Regional Outlook (Revenue in USD Million; 2017–2027)
- North America
- Asia Pacific
- Middle East Africa
- Latin America
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