Radial tire is a structural form of tire, which is different from bias tire, arch tire and pressure-regulated tire. The international code for radial tires is 'R', commonly known as 'wire tires'.
Market Analysis and Insights: Global Truck and Bus Radial (TBR) Tire Market
Due to the COVID-19 pandemic, the global Truck and Bus Radial (TBR) Tire market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Truck Radial (TBR) Tire accounting for % of the Truck and Bus Radial (TBR) Tire global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While OEM segment is altered to an % CAGR throughout this forecast period.
North America Truck and Bus Radial (TBR) Tire market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Truck and Bus Radial (TBR) Tire include Bridgestone Corporation, MICHELIN, Continental AG, The Goodyear Tire and Rubber Company, China National Tyre and Rubber Corporation, BKT Industries Limited, KUMHO Tire, Yokohoma Rubber Corporation and Sumitomo Rubber Industries Limited, etc. In terms of revenue, the global 3 largest players have a % market share of Truck and Bus Radial (TBR) Tire in 2021.
Global Truck and Bus Radial (TBR) Tire Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Global Truck and Bus Radial (TBR) Tire Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Truck Radial (TBR) Tire
Bus Radial (TBR) Tire
Segment by Application
OEM
Aftermarket
By Company
Bridgestone Corporation
MICHELIN
Continental AG
The Goodyear Tire and Rubber Company
China National Tyre and Rubber Corporation
BKT Industries Limited
KUMHO Tire
Yokohoma Rubber Corporation
Sumitomo Rubber Industries Limited
Giti Tire
Apollo Tyres
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina