Report Forecast:
The mining tires market is likely to grow at a promising CAGR of 5.1% in the long run to reach a value of US$ 5.3 Billion in 2027. Increasing government plans and programs aimed at boosting mining projects, rising demand for natural minerals in various end-use industries, coupled with the growing adoption of radial tires are one of the major factors driving the mining tires market across regions.
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Mining Tires market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Mining Tires market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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Mining Tires Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The mining tires market is segmented into the following categories.
Mining Tires Market, by Application Type
- Surface Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Underground Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Mining Tires Market, by Tire Type
- Radial Tires (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Bias Tires (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Mining Tires Market, by End-User Type
- OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Mining Tires Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, Turkey, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, South Africa, and Others)
The Cornerstones in the market-
Listed below are the top key players that dominate the Mining Tires market –
- Balkrishna Industries Limited (BKT)
- Bridgestone Corporation
- Compagnie Generale Des Etablissements Michelin S.C.A.
- Continental AG
- Goodyear Tire and Rubber Company
- JK Tyre & Industries
- MRF Tyres
- Titan International
- Trelleborg AB
- Yokohama Rubber Co. Ltd.
Report Customization Options
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- Company Profiling
- Detailed profiling of key market players (up to 3 players)
- SWOT analysis of key market players (up to 3 players)
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