Global Earthmoving Equipment Tyres Market Study Offering Deep Insight Related to Growth Trends until 2026

Rockville, US, 2018-Nov-06 — /EPR Network/ — 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.

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Increasing Number of Construction Projects to Boost Demand

As the requirement for developing infrastructure in various cities continues to remain high, the ruling authorities are increasingly investing on construction of roads, highways, flyovers, and buildings. Rise in the urban population has also led to increase in demand for building construction projects globally. In addition, government in various countries are developing strategies to accommodate majority of their citizens within the safe confines of residential complexes with enhanced infrastructure facilities. In order to encourage development of smart cities, the ruling authorities are allocating funds to incorporate smart technological solutions for flyover, highways, buildings, streets, and roads. Increasing number of construction projects in various countries will continue to rope in demand for earthmoving equipment, which in turn is expected to reflect positively towards growth of the global market.

Intelligent Technological Advancements to Impact the Global Market Growth

As technological upgradation continues to remain the need of the hour, manufacturers are focusing on incorporating leading technological advancements in the earthmoving equipment globally. Through incorporation of the advanced technological features such as intelligent communication system in the earthmoving equipment tyres, the leading companies in the construction equipment industry are looking to expand their customer base and gain a competitive edge in the global market. Integration of the intelligent communication systems in the earthmoving equipment tyres allows the end users to monitor information regarding the diesel level, hydraulic oil filter clogging, engine oil pressure, and air filter clogging. Increasing integration of technological advancements in the earthmoving equipment tyres is expected to reflect positively towards growth of the global earthmoving equipment tyres market during the forecast period.

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.

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5 Forecast Highlights on Global Earthmoving Equipment Tyres Market

• 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.
• 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.
• 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.
• 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.
• 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.

Table of Content:

1. Global Economic Outlook
2. Global Earthmoving Equipment Tyre Market – Executive Summary
3. Global Earthmoving Equipment Tyre Market Overview
   3.1. Introduction
   3.1.1. Global Earthmoving Equipment Tyre Market Taxonomy
   3.1.2. Global Earthmoving Equipment Tyre Market Definition
   3.2. Global Earthmoving Equipment Tyre Market Size (US$ Mn) and Forecast, 2012-2026
   3.2.1. Global Earthmoving Equipment Tyre Market Y-o-Y Growth
   3.3. Global Earthmoving Equipment Tyre Market Dynamics
   3.4. Value Chain
   3.5. Product lifecycle Assessment
   3.6. Pricing Analysis
   3.7. List of Distributors
   3.8. Investment Feasibility Matrix
   3.9 Global Construction Industry Projects
   3.10 Global Earthmoving Equipment Tyre Market Scenario
   3.11. Key Participants Market Presence (Intensity Map) By Region
4. Global Earthmoving Equipment Tyre Market Analysis and Forecast 2012-2026 
   4.1. Global Earthmoving Equipment Tyre Market Size and Forecast By Vehicle Type, 2012-2026
   4.1.1. Crawlers Market Size and Forecast, 2012-2026
   4.1.1.1. Revenue (US$ Mn) Comparison, By Region
   4.1.1.2. Market Share Comparison, By Region
   4.1.1.3. Y-o-Y growth Comparison, By Region
   4.1.2. Mini Excavaters Market Size and Forecast, 2012-2026
   4.1.2.1. Revenue (US$ Mn) Comparison, By Region
   4.1.2.2. Market Share Comparison, By Region
   4.1.2.3. Y-o-Y growth Comparison, By Region
   4.1.3. Backhow Loaders Market Size and Forecast, 2012-2026
   4.1.3.1. Revenue (US$ Mn) Comparison, By Region
   4.1.3.2. Market Share Comparison, By Region
   4.1.3.3. Y-o-Y growth Comparison, By Region
   4.1.4. Compact Loaders Market Size and Forecast, 2012-2026
   4.1.4.1. Revenue (US$ Mn) Comparison, By Region
   4.1.4.2. Market Share Comparison, By Region
   4.1.4.3. Y-o-Y growth Comparison, By Region
   4.1.5. Skid Steer Loaders Market Size and Forecast, 2012-2026

Continued……………..

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