Port and Industrial Tire Market in Asia-Pacific 2016-2020 - Higher Demand for Quality Products Stemming from Growing Containerization & Maintenance of Fleet

Mar 04, 2016, 17:10 ET from Research and Markets

DUBLIN, March 4, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/8c25lv/port_and) has announced the addition of the "Port and Industrial Tire Market in Asia-Pacific 2016-2020" report to their offering.

The port and industrial tire market in APAC is expected to grow at a CAGR of 8.25% during the period 2016-2020.

The OTR tires designed for use by seaport handling and airport handling equipment are based on the conventional type of tires; however, they are specially designed and manufactured to suit the seaport and airport equipment handling demands, keeping in view specific load handling requirements and environmental factors.

Some of the tire types are:

  • Radial tires
  • Super elastic tires
  • Treadless tires
  • Cross ply tires

The market is divided into the following segments based on application:

  • Port handling equipment
  • Airport ground support equipment

According to the report, higher demand for quality products stemming from growing containerization and maintenance of fleet are boosting the revenues generated in the replacement tire market. Tire dealers that can source specialty tires designed for the port and industrial market have an advantage of being situated in APAC. The region also accounts for the highest number of large container ports, and so dealers of port and industrial tires have huge growth opportunities.

Further, the report states that vehicles that can use on-the-road purpose tires may hamper the growth of the market for tires dedicated for port equipment.

Key vendors:

  • ATG
  • Balkrishna Industries
  • Continental Tires
  • Michelin
  • Nokian

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Market segmentation by vehicle type

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/8c25lv/port_and

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SOURCE Research and Markets