- Application - Mining and construction, aircraft, and others
- Geography - Europe, North America, APAC, Middle East and Africa, and South America
For more insights on YOY and CAGR, Read our latest Sample Report
Vendor Insights
Specialty Tires Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Balkrishna Industries Ltd.
- Bridgestone Corp.
- Continental AG
- Giti Tire Pte. Ltd.
- GRI Tires Pvt. Ltd.
- JK Tyre and Industries Ltd.
- Kumho Tire Co. Inc.
- Michelin Group
- Nokian Tyres Plc
- Pirelli Tyre Spa
- Polymer Enterprises Inc.
- Shandong Linglong Tyre Co. Ltd.
- The Carlstar Group LLC
- The Goodyear Tire and Rubber Co.
- Toyo Tire Corp.
- Trelleborg AB
- Triangle Tire USA
- Xuzhou Construction Machinery Group Co. Ltd.
- Yokohama Rubber Co. Ltd.
- Zhongce Rubber Group Co. Ltd.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read our Sample Report.
Geographical Market Analysis
APAC will account for 39 percent of market growth. In APAC, China, Japan, and India are the most important markets for specialized tires. The market in this region will expand quicker than the market in the Middle East and Africa.
Over the projected period, the growing use of off-highway agriculture vehicles, construction vehicles, construction and mining machinery, and two-wheelers would aid specialty tire market expansion in APAC
Furthermore, countries such as the US, China, Japan, India, and Germany are expected to emerge as prominent markets for the Specialty Tires Market during the forecast period.
Know more about this market's geographical distribution along with a detailed analysis of the top regions. Download Detailed Sample Report.
Key Segment Analysis
The mining and construction industry will gain considerable market share in specialized tyres. In the future years, the worldwide construction sector will be driven by increased demand for public infrastructures such as shopping and leisure centers, demand for housing and residential properties, and the pace of urbanization, which will fuel the expansion of the specialty tyre market. The mining industry's significant need for off-highway vehicles like track-type tractors, track loaders, scrapers, motor graders, wheel loaders, and dump trucks will bolster market expansion.
View Sample Report: to know additional highlights and key points on various market segments and their impact in coming years.
Key Market Drivers & Challenges:
Reduced natural rubber prices are one of the primary drivers driving the worldwide specialty tire industry's growth, as it lowers overall production costs. Another trend that is projected to favorably impact the industry in the forecast period is the development of airless tires for speciality vehicles and mainstream commercial vehicles. However, the rental market for specialty cars, which offers a cost-effective alternative to owning a specialist vehicle, is one of the major barriers to the global specialty tire industry's growth.
Download Sample Report for highlights on market Drivers & Challenges affecting the Specialty Tires Market.
Customize Your Report
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now!
Related Reports:
Heavy-duty Vehicle Tires Market by Application and Geography - Forecast and Analysis 2022-2026
Tire Retreading Market in the US by Process Type and Consumption - Forecast and Analysis 2021-2025
Specialty Tires Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2022-2026 |
$ 10.86 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.21 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Balkrishna Industries Ltd., Bridgestone Corp., Continental AG, Giti Tire Pte. Ltd., GRI Tires Pvt. Ltd., JK Tyre and Industries Ltd., Kumho Tire Co. Inc., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Polymer Enterprises Inc., Shandong Linglong Tyre Co. Ltd., The Carlstar Group LLC, The Goodyear Tire and Rubber Co., Toyo Tire Corp., Trelleborg AB, Triangle Tire USA, Xuzhou Construction Machinery Group Co. Ltd., Yokohama Rubber Co. Ltd., and Zhongce Rubber Group Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Mining and construction - Market size and forecast 2021-2026
- Exhibit 28: Chart on Mining and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Mining and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Mining and construction - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Mining and construction - Year-over-year growth 2021-2026 (%)
- 5.4 Agriculture - Market size and forecast 2021-2026
- Exhibit 32: Chart on Agriculture - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Agriculture - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Agriculture - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Agriculture - Year-over-year growth 2021-2026 (%)
- 5.5 Aircraft - Market size and forecast 2021-2026
- Exhibit 36: Chart on Aircraft - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Aircraft - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Aircraft - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Aircraft - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 India - Market size and forecast 2021-2026
- Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Bridgestone Corp.
- Exhibit 97: Bridgestone Corp. - Overview
- Exhibit 98: Bridgestone Corp. - Business segments
- Exhibit 99: Bridgestone Corp. - Key news
- Exhibit 100: Bridgestone Corp. - Key offerings
- Exhibit 101: Bridgestone Corp. - Segment focus
- 10.4 Continental AG
- Exhibit 102: Continental AG - Overview
- Exhibit 103: Continental AG - Business segments
- Exhibit 104: Continental AG - Key news
- Exhibit 105: Continental AG - Key offerings
- Exhibit 106: Continental AG - Segment focus
- 10.5 JK Tyre and Industries Ltd.
- Exhibit 107: JK Tyre and Industries Ltd. - Overview
- Exhibit 108: JK Tyre and Industries Ltd. - Business segments
- Exhibit 109: JK Tyre and Industries Ltd. - Key news
- Exhibit 110: JK Tyre and Industries Ltd. - Key offerings
- Exhibit 111: JK Tyre and Industries Ltd. - Segment focus
- 10.6 Michelin Group
- Exhibit 112: Michelin Group - Overview
- Exhibit 113: Michelin Group - Business segments
- Exhibit 114: Michelin Group - Key offerings
- Exhibit 115: Michelin Group - Segment focus
- 10.7 Nokian Tyres Plc
- Exhibit 116: Nokian Tyres Plc - Overview
- Exhibit 117: Nokian Tyres Plc - Business segments
- Exhibit 118: Nokian Tyres Plc - Key news
- Exhibit 119: Nokian Tyres Plc - Key offerings
- Exhibit 120: Nokian Tyres Plc - Segment focus
- 10.8 Polymer Enterprises Inc.
- Exhibit 121: Polymer Enterprises Inc. - Overview
- Exhibit 122: Polymer Enterprises Inc. - Product / Service
- Exhibit 123: Polymer Enterprises Inc. - Key offerings
- 10.9 The Goodyear Tire and Rubber Co.
- Exhibit 124: The Goodyear Tire and Rubber Co. - Overview
- Exhibit 125: The Goodyear Tire and Rubber Co. - Business segments
- Exhibit 126: The Goodyear Tire and Rubber Co. - Key news
- Exhibit 127: The Goodyear Tire and Rubber Co. - Key offerings
- Exhibit 128: The Goodyear Tire and Rubber Co. - Segment focus
- 10.10 Toyo Tire Corp.
- Exhibit 129: Toyo Tire Corp. - Overview
- Exhibit 130: Toyo Tire Corp. - Business segments
- Exhibit 131: Toyo Tire Corp. - Key news
- Exhibit 132: Toyo Tire Corp. - Key offerings
- Exhibit 133: Toyo Tire Corp. - Segment focus
- 10.11 Trelleborg AB
- Exhibit 134: Trelleborg AB - Overview
- Exhibit 135: Trelleborg AB - Business segments
- Exhibit 136: Trelleborg AB - Key news
- Exhibit 137: Trelleborg AB - Key offerings
- Exhibit 138: Trelleborg AB - Segment focus
- 10.12 Yokohama Rubber Co. Ltd.
- Exhibit 139: Yokohama Rubber Co. Ltd. - Overview
- Exhibit 140: Yokohama Rubber Co. Ltd. - Business segments
- Exhibit 141: Yokohama Rubber Co. Ltd. - Key news
- Exhibit 142: Yokohama Rubber Co. Ltd. - Key offerings
- Exhibit 143: Yokohama Rubber Co. Ltd. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 144: Inclusions checklist
- Exhibit 145: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 146: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 147: Research methodology
- Exhibit 148: Validation techniques employed for market sizing
- Exhibit 149: Information sources
- 11.5 List of abbreviations
- Exhibit 150: List of abbreviations
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article