Scope of the Study
Increasing usage of heavy machinery is leading to the demand of mining tires. These are the tires which has high durability and grip. These tires are used at the remote locations for massive equipment. The mining tires are classified into Bias and Radial tires which has the features such as durability, puncture resistant, and long distance run. This is leading to increasing adoption of mining tires across the globe. Hence, these factors are contributing to the consumption of mining tires.
The market study is being classified by Type (Bias Tires and Radial Tires), by Application (Earthmovers, Grader, Loader & Dozer, Compactor and Mobile Crane) and major geographies with country level break-up.
Bridgestone (Japan), Michelin (France), Titan Tire (United States), Chem China (China), Yokohama (Japan), Goodyear tire and rubber company (United States), Continental (Germany), Hangzhou Zhongce Rubber Company (China), Guizhou Tire (China) and Double Coin Holdings (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Apollo Tyres (India), Triangle Tyre (China), JK Tyre (India) and Techking Tires (China).
Research Analyst at AMA predicts that Asia Pacific Manufacturers will contribute to the maximum growth of Global Mining Tire market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Mining Tire market by Type, Application and Region.
On the basis of geography, the market of Mining Tire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Features of radial tires are fuelling the market. The features such as excellent tread wear, long life, suited for longer distance, puncture resistant and traction are available. These features are required to transfer the material from one place to another in remote locations. Hence, it is contributing to the market growth.
- Government Initiatives for Boosting Mining Activities
- Technological Advancements in Mining Tires to Improve the Performance
- High Maintenance Due to the Heat Generated by the Load
Market Leaders and their expansionary development strategies
In January 2019, Bridgestone Europe NV/SA which is a subsidiary of Bridge stone Corporation has agreed to acquire the telematics business of Tom Tom.
On December 2019, GRI has introduced ecofriendly solid rubber tire. It is developed to perform n harsh working conditions and has the capability to run in all surface conditions.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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