Potential applications & Growth of Heavy-Duty Tires Market in Automobile Industry

NEW YORK, March 16, 2018 (GLOBE NEWSWIRE) -- Passenger tires are used for cars and minivans. They are not designed to carry heavier loads. While heavy duty tires are used for heavy vehicles like trucks and passenger buses. These are very tough, durable, perfect and specially designed to carry heavy loads. They are good for off road conditions also. Different type of tire is used according to position such as steering, drive axle, and trailer. For each type different reinforcements, material compounds, and tread patterns are used that best optimize the tire performance. Reinforced sidewalls of heavy duty tires make them more apparent on trucks, SUVs and vans. Rising demand of heavy vehicles in construction, mining and agricultural machinery equipment is expected to steady growth of heavy duty tires in upcoming years. 

Geographically, Global Heavy-Duty Tires market is segmented into several key regions such as North America, Europe, China, Japan, Southeast Asia, India, Africa and Latin America. Currently North America shares largest market for heavy duty tires. Due to increasing industries in developing countries like India, the heavy duty tires market is expected to show highest growth in developing countries during forecast period. Construction industries shows highest sale of heavy duty tires over past years and will fuel market in upcoming years. 

Profshare Market Research launches in detail study of segments, market drivers, constraints, regional analysis, trends and forecast on Heavy-Duty Tires Market. The market is expected to show constant growth between 2017-2025. The study covers detail analysis, growth and forecast of Heavy-Duty Tires Market. The report includes market analysis on regional level. The study covers historical data analysis from 2012 to 2016 and market forecast for 2017 to 2025 based on revenue generated.

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Heavy-Duty Tires Market: Product Type

• Small Heavy-Duty Tires (13-25inches)
• Large Heavy-Duty Tires (25-50inches)
• Giant Heavy-Duty Tires (More Than 55inches) 

Heavy-Duty Tires Market: End Users/ Applications

• Engineering and Manufacturing
• Construction
• Mining
• Agricultural Machinery 

Heavy-Duty Tires Market: Regional Analysis  

• North America
• Europe
• China
• Japan
• Southeast Asia
• India
• Africa
• Latin America 

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Heavy-Duty Tires Market: Companies Covered

• Bridgestone
• Michelin Group
• Continental
• Goodyear
• Pirelli
• Hankook Tire
• Cooper Tire & Rubber
• Sumitomo Rubber Industries
• Yokohama Tire
• Kumho Tire
• Armour Tires
• American Farmer
• Mitas
• Akuret
• Harvestking
• Cheng Shin Rubber
• Zhongce Rubber Group
• Dunlop Tires
• Aeolus Tyre
• Qingdao Doublestar Group 

Heavy-Duty Tires Market report delivers comprehensive analysis of:

• Market Forecast for 2018-26
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis.
• End user/application Analysis

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