Truck And Bus Radial (TBR) Tire Market, By Application (Trucks and Buses), By Sales Channel (Aftermarket and OEMs), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI6732

Pages :137

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Truck And Bus Radial (TBR) Tire Market Concentration By Players

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Increasing infrastructure development activities

Across major developing economies, the focus on improving transportation and logistics infrastructure has intensified over the past decade. Several countries have announced ambitious plans to expand road networks, highways, ports and develop smart cities with metro rail projects. This infrastructure push involves a considerable amount of construction activity utilizing equipment such as loaders, excavators, cranes and dump trucks. It also needs a steady supply of construction raw materials to be transported on site. All this leads to higher demand for commercial vehicles as more projects are commissioned. The off-highway tires fitted in such vehicles covering mine sites, construction zones and ports require durable TBR tires that can offer grip even in muddy conditions. Increase in infrastructure spending has boosted regional and inter-city passenger and freight transportation needs. More highways incentivizes greater truck and bus traffic volumes over time. The modernization of roads and rail networks to facilitate just-in-time logistics requires reliable TBR tires on commercial fleets. As infrastructure expenditure remains a priority in developing nations, the construction sector and transportation demands will continue spurring replacement sales of TBR tires for on-highway and off-highway applications.

Key Players Insights