Commercial Vehicle Tire Market to Surpass $117 Billion by 2021
Expanding
commercial vehicle fleet and production to boost sales of commercial vehicle
tire through 2021
According to recently published TechSci Research report, “Global
Commercial Vehicle Tire Market By
Vehicle Type, By Demand Category, By Region, Competition Forecast &
Opportunities, 2021”, the global market for commercial vehicle tires is projected
to cross $ 117 billion by 2021. Construction
and logistics sectors are the major demand generators of commercial vehicles
across the globe. With the global logistics industry witnessing an upward trend
and having already crossed $ 4 trillion, and the global construction
industry projected to register revenues of $ 10 trillion by 2021, demand for commercial vehicle tires is expected to increase over
the next five years.
Browse 117
market data Tables and 191 Figures spread through 445 Pages and an
in-depth TOC on "Global Commercial
Vehicle Tire Market"
https://www.techsciresearch.com/report/global-commercial-vehicle-tire-market-by-vehicle-type-lcv-and-m-hcv-by-demand-category-oem-vs-replacement-by-region-apac-americas-europe-cis-and-mea-competition-forecast-opportunities-2021/662.html
Light Commercial Vehicle (LCV) segment accounted for
the largest share in the global commercial vehicle tire market in 2015, and the
segment is anticipated to maintain its dominance over the next five years as
well, owing to expanding demand for transportation services coupled with booming
global e-commerce industry. In 2015, Asia-Pacific dominated the global commercial
vehicle tire market, followed by North America, Europe & CIS Countries,
Middle East & Africa and South America. With
the launch of various infrastructure projects by various governments in the APAC
region, demand for commercial vehicle tires is anticipated to increase at a
robust pace during 2016-2021.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=662
Customers can also
request for 10% free customization on this report.
“Over
the last five years, Chinese tires have become highly popular across various
countries. A similar trend has been witnessed in the commercial vehicle tire
industry, wherein, various Chinese companies such as Hangzhou Zhongce Rubber,
Triangle Tire, Shandong Linglong Tire, etc., have been able to capitalize on
the growing opportunities in the global commercial vehicle tire market.
Increasing availability of Chinese commercial vehicle tires at relatively lower
prices compared to premium flagship tire brands, is one of the primary reasons for
rising demand for Chinese commercial vehicle tires in the global commercial
vehicle tire market.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global
Commercial Vehicle Tire Market By Vehicle Type, By Demand Category, By Region,
Competition Forecast & Opportunities, 2021” has evaluated the future growth
potential of commercial
vehicle tire market and provides statistics and information on market
structure, policies and regulations in the global commercial vehicle tire market.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities available in global commercial vehicle tire market.
About TechSci Research
TechSci Research is a leading
global market research firm
publishing premium market research reports. Serving 700 global clients with
more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
in research based consulting assignments in high growth and emerging markets,
leading technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]