Global Industrial Tire (IC) Market Size, Share, and Trends Analysis Report, By Type (Radial and Bias) and By Application (Truck Tire, Bus Tire, and Others), Forecast (2022-2028)

The global IC market is segmented based on type and application. Based on the type, the market is sub-segmented into radial and bias. Among these types, the radial tire segment is expected to propel the growth of the market as the radials use less fuel, have higher grip and flotation, and have superior cut resistance in the tread area. They also run significantly cooler than bias tires. Based on the application, the market is sub-segmented into truck tires, bus tires, and others.

 

The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in June 2021, Continental AG relaunched the solid tire sector for industrial vehicles as a brand trio. Ground conditions, duration of usage, load capacity, and on-site parameters in terms of curves, driving distance, and temperature needs all vary dramatically in the everyday operation of industrial vehicles. For its 150th anniversary year, Continental Commercial Specialty Tires is reinventing itself in the IT market to satisfy these unique client demands. Continental’s three-brand approach allows it to offer a specialized portfolio of durable solid tires for a variety of industrial applications and client needs under the Continental, General Tire, and Barum brands.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Aeolus Tyre India Pvt. Ltd., Bridgestone India Pvt. Ltd., Cheng Shin Rubber Industry Co., Continental AG, Cooper Tire & Rubber Co., CMA LLC, Goodyear Tire & Rubber Co., and Hankook Tire & Technology Ltd., among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global IC Market Report by Segment

By Type

• Radial
• Bias

By Application

• Truck Tire
• Bus Tire
• Others

 

Global IC Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa