Overview of Global Earthmoving Equipment Tyres Market Projections & Opportunity Forecast during the Period 2017-2022

ROCKVILLE, US, 2018-Jul-05 — /EPR Network/ —   A freshly compiled business intelligent report, titled “Earthmoving Equipment Tyres Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Earthmoving Equipment Tyres” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

Growing need for constructing buildings, roads and highways has led to surge in demand for the earthmoving equipment globally. Surge in demand for earthmoving equipment such as loaders and crawlers is expected to impact growth of the global earthmoving equipment tyres market positively.

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Increasing preference for better infrastructure facilities among the urban population has led to surge in the number of construction projects. With the growing urban population, demand for constructing commercial spaces, residential complexes, and multiplexes is expected to remain high. Growing need for constructing commercial and residential buildings has led to surge in demand for earthmoving equipment in the construction industry significantly. Increasing demand for earthmoving equipment such as loaders, excavators, and construction tractors is expected to rev up demand for the earthmoving equipment tyres in the construction industry.

Forecast Highlights on Global Earthmoving Equipment Tyres Market

  1. Asia Pacific Excluding Japan (APEJ) is likely to lead the global market for earthmoving equipment tyres between 2017 and 2026. By the end of 2026, APEJ is projected to reach nearly US$ 4,800 million revenue. In APEJ region, China is one of the leading manufacturers of off-road-vehicles and also accounts for maximum sales. Meanwhile, India, Malaysia, and Thailand are also witnessing increasing sales of off-the-road vehicles and tyres.
  2. Backhoe loaders are expected to emerge as the highly preferred vehicle type between 2017 and 2026. By the end of 2026, backhoe loaders are estimated to bring in close to US$ 4,400 million revenue.
  3. Compared to the bias tyre type, radial tyre type is expected to gain maximum traction in the global earthmoving equipment tyres market. Radial tyres are estimated to reach nearly US$ 10,900 million revenue by 2026 end.
  4. Rim size of 35-50 inch is expected to be used on a large scale in the global market for earthmoving equipment tyres. Towards 2026 end, 35-50 inch rim size is estimated to exceed US$ 5,800 million revenue.
  5. Sales of earthmoving equipment tyres through aftermarket sales channel is likely to be the highest during 2017-2026. Aftermarket sales channel is projected to create an incremental opportunity of over US$ 3,200 million between 2017 and 2026.

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The scope of the report is to analyze the global earthmoving equipment tyres market for the period 2017-2026 and give readers an accurate, unbiased analysis. Earthmoving equipment tyres manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

Radial Tyre to Represent a Leading Segment

Growing need for tracked vehicles for moving large objects or digging purposes has led to surge in demand for crawler excavator in the construction industry. On the basis of vehicle type, the backhoe loaders segment is expected to represent a significant revenue growth, accounting for a value of over US$ 4,400 Mn by the end of 2026. Also, the backhoe loaders segment is expected to register a healthy CAGR throughout the forecast period.

Based on tyre type, the radial segment is expected to generate significant revenues, recording a value of over US$ 7,100 Mn by the end of 2017. In addition, the radial tyres type segment is expected to register a robust CAGR during the forecast period.

By rim size, the 35-50 segment is expected to witness the highest revenue growth, accounting for a value of over US$ 5,800 Mn by the end of 2026. Moreover, the 35-50 rim size segment is expected to register the highest CAGR throughout the forecast period.

On the basis of sales channel, the aftermarket segment is expected to represent a robust revenue growth, recording a value of over US$ 6,300 Mn by the end of 2017. On the other hand, the aftermarket sales channel segment is expected to register a significant CAGR during the forecast period.

Competition Tracking

Leading market players operating in the global earthmoving equipment tyres market include Zodiac Aerospace Group, RECARO Aircraft Seating GmbH & Co. KG, B/E Aerospace, Inc, JAMCO Corporation, Aviointeriors S.p.A, Acro Aircraft Seating, Geven S.p.A, Mirus Aircraft Seating Ltd, Thompson Aero Seating Ltd, and ZANKER PROMOTION GMBH.

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