DUBLIN, Ireland, November 27, 2013 /PRNewswire/ --
Research and Markets
( http://www.researchandmarkets.com/research/7j4mf9/global_commercial) has announced the addition of the "Global Commercial Vehicle Tire Market 2012-2016" report to their offering.
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This report forecasts the global commercial vehicle tire market to reach 1.81 billion units by 2016. One of the key factors contributing to this market growth is the steady economic growth in the APAC region. The global commercial vehicle tire market has also been witnessing increasing demand for radial and tubeless tires. However, the increase in retreading of tires poses the biggest challenge in the global commercial vehicle tire market.
This report has been prepared based on an in-depth market analysis of the market with inputs from industry experts. The report covers the North America, Western Europe, APAC and rest of world regions; it also covers the global commercial vehicle 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 TechNavio's Automotive team said: ''The global commercial vehicle tire market is witnessing increasing demand for radial and tubeless tires. The Truck and Bus segment, which is a major segment in terms of capacity, is witnessing a steady increase in the proportion of radial tires being adopted. In addition, as a result of the development of road infrastructure worldwide and the increasing importance of fuel-efficient products in the Global Automobile market, the proportion of radial tires in various segments of the global commercial vehicle tire market is anticipated to increase rapidly. Further, the global commercial vehicle tire market is witnessing the increasing adoption of tubeless tires in all vehicle segments. The demand for radial and tubeless tires will boost the growth of the global commercial vehicle tire market.''
The key vendors dominating this market space are Bridgestone Corp., Continental AG, Michelin SCA, The Goodyear Tire and Rubber Co.
The other vendors mentioned in the report are Accuride Corp., and Yokohama Tire Corp.
Key questions answered in this report:
- What will the market size be in 2016 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/7j4mf9/global_commercial
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