The article cited AMA's Global Heavy Duty Tire Market Study explored substantial growth with CAGR of 6.2%. According the report, Demand for Improved Tire Tread Design from Customers
is one of the primary growth factors for the market. Growing Mechanization in the Agricultural Sector
is also expected to contribute significantly to the Heavy Duty Tire market. Overall, applications of Heavy Duty Tire, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Heavy Duty Tire market identified that the demand is rising in many different parts of the world as "The Adoption of Nanotechnology in the Manufacturing of Heavy-Duty Tire
". Furthermore, some recent industry insights like "On 8th April 2019, Continental launches the first tire optimized for electric buses in city traffic. Increased load index: The new Conti Urban HA3 315/60 R22.5 carries up to eight tons per axle. Even and slow wear thanks to the optimized tread compound and robust casing structure" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Heavy Duty Tire market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Heavy Duty Tire market and other related sub-markets covered in the study.
o Key & emerging players in the Heavy Duty Tire market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Heavy Duty Tire market size is calculated using market estimation process, the Heavy Duty Tire market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Heavy Duty Tire market size has been validated using both top-down and bottom-up approaches.