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Global Light Commercial Vehicle Tire Market Research Report: Forecast (2021-2026)

  • ID: 5439510
  • Report
  • May 2021
  • Region: Global
  • 243 Pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • Apollo
  • Continental
  • Hankook
  • Linglong
  • MRF Tyres
  • Sumitomo

Market Overview


According to the publisher’ research report, “Global Light Commercial Vehicle Tire Market Analysis, 2021,” the market is likely to grow at a CAGR of around 3.5% in the forecast period of 2021-26 due to factors like the easy availability of vehicle investment schemes by various governments & key market players, the growing e-commerce sector, the increasing number of multiple infrastructural projects, and the flooding logistics around the globe.

Impact of COVID-19


The outbreak of the Covid-19 reduced the production of the market as several production units shut, and the supply was on hold due to lockdown impositions. Furthermore, the trade and export sector got disrupted as well, resulting in massive losses. However, with the upliftment of restrictions, the market is getting back on track and shall regain its pace in the forecast years.

Market Segmentation


Replacement segment to Dominate The Market


Based on demand, the replacement segment dominated the global market and is likely to continue its dominance in the forecast years. It owes to prominent factors like the expanding production of vehicles and numerous technological advancements in the industry. Furthermore, the gradual shift toward living a better lifestyle, environment-friendly tires, with growing tire sales in the replacement segment are other crucial factors contributing to the continuously increasing market size.

Vans and Pickup Trucks to Witness the Fastest Market Growth


Based on the Type of Vehicle, Vans and Pickup trucks are likely to witness the fastest market growth in the forecast years, majorly owing to their spacious seating and reasonable prices of tires used in them. Moreover, their easy availability & wide usage in the transportation of goods from one place to another require timely up-gradation of tires, leading to more sales of commercial tires. Hence, these factors are propelling the demand for pickup trucks and vans, thereby fueling the overall market growth across the globe, states the author in their research report, “Global Light Commercial Vehicle Tire Market Analysis, 2021.”

Regional Landscape


Europe to Witness the Largest Market Share


Europe is likely to witness substantial market growth in the forecast years due to the surging initiatives taken by numerous governments in the region to decrease carbon emissions. Ensuring this requires vehicles' tires to be replaced when their quality falls below the acceptable limits and attain its roadworthiness. It has become a significant driving factor for the market growth in the region, and hence, it is likely to continue achieving the fastest market growth in the global market.

Market Driver


The most prominent factor driving the market growth globally in the forecast years is the increasing sales of passenger vehicles. Furthermore, the rapidly emerging next-generation tire technologies with excellent fuel efficiency & inflation pressure is another critical factor likely to push the market toward even greater heights.

Competitive Landscape


According to Markel Advisors, the major leading players in the Global Light Commercial Vehicle Tire Market are Pirelli, Continental, Bridgestone, Goodyear Tire and Rubber Company, Yokohama, Michelin, Apollo, Hangzhou Zhongce, MRF Tyres, JK Tyres, Hankook, Sumitomo, Linglong, Toyo Tire, Weifang Goldshield Tire.

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Light Commercial Vehicle Tire Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Light Commercial Vehicle Tire Market?
4. What are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Light Commercial Vehicle Tire Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Light Commercial Vehicle Tire Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Apollo
  • Continental
  • Hankook
  • Linglong
  • MRF Tyres
  • Sumitomo
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation

2. Executive Summary

3. Global Light Commercial Vehicle Tire Market Outlook, 2016-2026F
3.1. Market Size & Analysis
3.2. Market Share & Analysis

4. North America Light Commercial Vehicle Tire Market Analysis, 2016-2026F
4.1. Market Size & Analysis
4.2. Market Share & Analysis

5. South America Light Commercial Vehicle Tire Market Analysis, 2016-2026F
5.1. Market Size & Analysis
5.2. Market Share & Analysis

6. Europe Light Commercial Vehicle Tire Market Analysis, 2016-2026F
6.1. Market Size & Analysis
6.2. Market Share & Analysis

7. CIS Countries Light Commercial Vehicle Tire Market Analysis, 2016-2026F
7.1. Market Size & Analysis
7.2. Market Share & Analysis

8. Middle East Light Commercial Vehicle Tire Market Analysis, 2016-2026F
8.1. Market Size & Analysis
8.2. Market Share & Analysis

9. Africa Light Commercial Vehicle Tire Market Analysis, 2016-2026F
9.1. Market Size & Analysis
9.2. Market Share & Analysis

10. Asia Pacific Light Commercial Vehicle Tire Market Analysis, 2016-2026F
10.1. Market Size & Analysis
10.2. Market Share & Analysis

11. Company Profiles
11.1. Bridgestone
11.2. Michelin
11.3. Continental
11.4. Goodyear
11.5. Yokohama
11.6. Pirelli
11.7. Hankook
11.8. Kumho
11.9. Sumitomo
11.10. Zhongce Rubber

12. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Pirelli
  • Continental
  • Bridgestone
  • Goodyear Tire and Rubber Company
  • Yokohama
  • Michelin
  • Apollo
  • Hangzhou Zhongce
  • MRF Tyres
  • JK Tyres
  • Hankook
  • Sumitomo
  • Linglong
  • Toyo Tire
  • Weifang Goldshield Tire
Note: Product cover images may vary from those shown
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