DUBLIN, January 14, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/k2srmd/global) has announced the addition of the "Global Off-highway Tire Market 2014-2018" report to their offering.
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The analysts forecast the Global Off-highway Tire market to grow at a CAGR of 4.50 percent over the period 2014-2018. One of the key factors contributing to this market growth is the growing Global Heavy Construction Equipment market. The Global Off-highway Tire market has also been witnessing the increasing demand for off-highway tires from BRIC countries. However, the increase in the raw material prices could pose a challenge to the growth of this market.
The report, the Global Off-highway Tire Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, ansd the APAC and EMEA regions; it also covers the Global Off-highway Tire market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Commenting on the report, an analyst from the team said: The strong and steady economic growth in the BRIC countries is one of the major factors that drive the Global Off-highway Tire market. The steady economic growth in the BRIC countries is expected to result in the rise of the Construction industry in these countries. This will lead to significant demand for off-the-road tires in the BRIC countries. The economic growth has lifted the financial status of the people these countries. Therefore, more and more people in these countries are moving to urban areas, leading to the growth of the Construction industry in these countries. The growth of the Construction industry in the BRIC countries will positively influence the demand for off-the-road tires and propel the growth of the Global Off-highway Tire market.
According to the report, one of the main drivers in this market is the growth of the Global Heavy Construction Equipment market. The demand for construction equipment globally has a direct positive influence on the demand for off-the-road tires, resulting in the growth of the Global Off-highway Tire market.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Market Segmentation by Application
8. Geographical Segmentation
9. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
- Balkrishna Industries Ltd.
- Bridgestone Corp.
- Compagnie Generale des Etablissements Michelin SCA
- Continental AG
- Cooper Tire and Rubber Co.
- Goodyear Tire and Rubber Co.
- Titan International Inc.
- Yokohama Rubber Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/k2srmd/global
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SOURCE Research and Markets