About Radial Heavy-Duty Tires
Radial Heavy-Duty Tires are a particularly designed vehicular tires. This tires has a cord piles which are arranged at a 90 degrees of a direction of travel. Radial heavy duty tires have separate plies for the sidewalls and tread, which means that more of the tread is in contact with the road at all times. These tires are manufactured from the latest machines and high grade raw material to provide better grip on road even during rainy season. These also offer higher mileage, anti-skid property, and better load carrying capacity. Radial Heavy-Duty Tires offer lower fuel consumption, better traction and flotation and improved cut resistance in the tread area, and run much cooler than bias.
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The market for Radial Heavy-Duty Tires is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Radial Heavy-Duty Tires market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bridgestone (Japan), MICHELIN (France), Yokohama (Japan), Aeolus Tires (China), Double Coin (China), Ceat (India), Thunderer (United States, Milestar (United States), Apollo Tyres (India) and Bfgoodrich (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are JK Tyre (India), Cooper Tire & Rubber Company (United States), Continental AG (Germany), MRF (India), Dunlop Tyres (United States), BKT Industries Limited (India), KUMHO Tire (South Korea), Sumitomo Rubber Industries Limited (Japan), Giti Tire (Singapore), Linglong Tire (China) and Ironman Tires (United States).
AMA Research has segmented the market of Global Radial Heavy-Duty Tires market by Type (Conventional, Low-Profile, Wide-Base, Ultra-Wide Base and Other) and Region.
On the basis of geography, the market of Radial Heavy-Duty Tires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Sales Channel, the sub-segment i.e. Direct Sale will boost the Radial Heavy-Duty Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Rubber will boost the Radial Heavy-Duty Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Industrial will boost the Radial Heavy-Duty Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Technological Advancement in Research and Development, Rising Smart Radial Tires for E-Buses and E-Trucks over the World and Innovation of Strong Gripped Radial Heavy-Duty Tires
Market Growth Drivers:
Increasing Demand in Bus, Truck and Other heavy Vehicles Manufacturing, Rising Demand in Bulk Goods Transportation and Surge in Demand of Public Transportation
lack of effective recycling methods to extract natural rubber for making of radial tires and Limited Life Cycle Associated with Radial Heavy-Duty Tires
High Cost Initial Investment and Maintenance Associated with Radial Heavy-Duty Tires, Less Stable Side Wall Under Heavy Loads and More Susceptible To Collisions In The Side Wall
Continuously Growing Automotive Industry
Market Leaders and their expansionary development strategies
On 7 June 2021, The Goodyear Tire & Rubber Company announced that it has completed its acquisition of Cooper Tire & Rubber Company, finalizing the merger agreement made public on February 22. The combination unites two leading tire companies with complementary product portfolios, services and capabilities to create a stronger U.S.-based leader in the global tire industry. The combined company will offer more options across the value spectrum making it easier for customers and consumers to choose Goodyear- and Cooper-branded tires.
On 26 August 2022, Home-grown tyre maker Apollo Tyres has introduced 5 new truck-bus radial tyres for the Indian market. and The company in a statement said that the new products are a mix of steer, drive and all-wheel fitment tyres, and have been introduced to enhance customers’ operational productivity and offer technology. The tyres have been tested in real world applications across the country, before being introduced
On January 20 2022, For the Federal Motor Carrier Safety Administration minimum tread depth for truck tires needs to meet § 393.75: Steer tires, or any tire on the front wheels, must have a minimum depth of tread of 4/32 of an inch. Every other tire must have a minimum depth of 2/32 of an inch.
Key Target Audience
Radial Heavy-Duty Tires Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.