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Philippines OTR Tire Market Analysis, 2020

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  • 108 Pages
  • December 2020
  • Region: Philippines
  • MarkNtel Advisors LLP
  • ID: 5447714

Burgeoning Investment by the Government in Infrastructure Development Projects is Propelling the Growth of Philippines OTR Tire Market

Philippines OTR Tires Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Philippines OTR Tires market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities

According to this research report “Philippines OTR Tires Market Analysis, 2020”, the Philippines OTR Tires market is anticipated to grow at a considerable CAGR during 2021-26F. The growth of the market is attributed to increasing technological advancements in the OTR tires by the market players, burgeoning adoption of radial tires, increasing demand for agricultural tractor and widespread penetration of Chinese brand in the OTR segment. Moreover, the increasing spending by the government in the large-scale infrastructure project, strong growth in the mining and construction sector and snowballing government subsidies on equipment are the factors projected to fuel the growth of the market in the forecast period. However, the COVID-19 outburst has a pessimistic impact on the market growth owing to close border, disruption in the supply chain and halt on various construction activities. Although the market is coming back on the track and various construction activities have started which is projected to accelerate the market growth

Market Segmentation

Earthmoving Equipment Acquired the Considerable Market Share

Based on the Type of Equipment, Earthmoving Equipment acquired the considerable market share in Philippines OTR Tire market in 2020. This is due to introduction of BBB” program by the government which would consists around 20,000 infrastructure projects nationwide such as roads, highways, government centers, airports, seaports, terminals, hospitals, schools, and growth in the residential and commercial sector. Moreover, agricultural tractor is also projected to grow at a significant rate on account of boost in agriculture crop production and increasing mechanization rate. Hence, this is expected to place a positive impact towards the growth of OTR Tires market in the coming years as revealed by the research report “Philippines OTR Tires Market Analysis, 2020”.

Competitive Landscape

According to the author, the key players with a considerable market share in the Philippines OTR Tires market include Bridgestone Corporation, Goodyear Philippines, Inc., Yokohama Rubber Co., Michelin Tires, Toyo Tire, Kumho Tire Co., Ltd., Zhongce Rubber Group Co., Ltd., Cooper Tires & Rubber Company, Continental, Sumitomo Rubber Industries Ltd., etc.

Key Questions Answered in the Market Research Report:

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Philippines OTR Tires Market?
2. What is the country wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Philippines OTR Tires Market?
4. Who are the key competitors or market players and how they perform in Philippines OTR Tires Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Philippines OTR Tires Market study?

Table of Contents

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Market Segmentation
1.4. Assumptions
2. Preface3. Executive Summary4. Impact of COVID-19 on Philippines OTR Tire Market
5. Philippines OTR Vehicle Market Overview
5.1. Leading Manufacturers and their Annual Production
5.2. Market Brief
6. Philippines OTR Tire Market Outlook, 2016-2026F
6.1. Market Size & Analysis
6.1.1. Revenues
6.1.2. Units Sold (Million Units)
6.2. Market Share & Analysis
6.2.1. By Type of Equipment Earthmoving Equipment Excavator Grader Loader Bulldozer Road Roller Material Handling Equipment Crane Forklifts Agricultural Equipment Tractor Combines Others
6.2.2. By End-Users Construction Industrial Mining Agriculture Ports
6.2.3. By Type of Tire Radial Bias
6.2.4. By Demand Type OEMs Aftermarket
6.2.5. By Price Category Budget Economy Premium
6.2.6. By Rim Size Upto 20” 20.1” to 26” 26.1” to 35” Above 35”
6.2.7. By Company Competition Characteristics Market Share & Analysis Competitive Matrix
7. Philippines Earthmoving Equipment Tire Market Outlook, 2016-2026F
7.1. Market Size & Analysis
7.1.1. Revenues
7.1.2. Units Sold (Million Units)
7.2. Market Share & Analysis
7.2.1. By End-Users
7.2.2. By Type of Tire
7.2.3. By Demand Type
7.2.4. By Price Category
7.2.5. By Rim Size
8. Philippines Material Handling Equipment Tire Market Outlook, 2016-2026F
8.1. Market Size & Analysis
8.1.1. Revenues
8.1.2. Units Sold (Million Units)
8.2. Market Share & Analysis
8.2.1. By End-Users
8.2.2. By Type of Tire
8.2.3. By Demand Type
8.2.4. By Price Category
8.2.5. By Rim Size
9. Philippines Agricultural Equipment Tire Market Outlook, 2016-2026F
9.1. Market Size & Analysis
9.1.1. Revenues
9.1.2. Units Sold (Million Units)
9.2. Market Share & Analysis
9.2.1. By Type of Tire
9.2.2. By Demand Type
9.2.3. By Price Category
9.2.4. By Rim Size
10. Philippines OTR Tire Market Policies, Regulations, Product Standards
10.1. Import Tariff
10.2. Anti-Dumping Duties
10.3. Rubber or Carbon Norms
11. Philippines OTR Tire Market Trends & Insights
12. Philippines OTR Tire Market Dynamics
12.1. Growth Drivers
12.2. Challenges
12.3. Impact Analysis
13. Philippines OTR Tire Market Hotspot & Opportunities14. Philippines OTR Tire Market Key Strategic Imperatives for Success & Growth
15. Competition Outlook
15.1. Competition Matrix
15.1.1. Product/ Solution Portfolio
15.1.2. Target Markets
15.1.3. Target End Users
15.1.4. Research & Development
15.1.5. Strategic Alliances
15.1.6. Strategic Initiatives
15.2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
15.2.1. Bridgestone Corporation
15.2.2. Goodyear Philippines, Inc.
15.2.3. Yokohama Rubber Co.
15.2.4. Michelin Tires
15.2.5. Toyo Tire
15.2.6. Kumho Tire Co., Ltd.
15.2.7. Zhongce Rubber Group Co., Ltd.
15.2.8. Cooper Tires & Rubber Company
15.2.9. Continental
15.2.10. Sumitomo Rubber Industries Ltd.
16. Disclaimer

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bridgestone Corporation
  • Goodyear Philippines Inc.
  • Yokohama Rubber Co.
  • Michelin Tires
  • Toyo Tire
  • Kumho Tire Co. Ltd.
  • Zhongce Rubber Group Co. Ltd.
  • Cooper Tires & Rubber Company
  • Continental
  • Sumitomo Rubber Industries Ltd.