PUNE, India, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “TBR Tire Market (Type: All Position, Drive, Trailer; Application: Trucking Industry, Public Transportation Services, Urban Use) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, estimates that global TBR tire market is expected to reach the market value of around $146 billion by 2025 and is expected to grow at a CAGR of around 4.5% in terms of revenue during the period 2018 - 2025. Owing to the factors such as TBR tire offer certain safety advantages over other type of tires and are structurally strong. Moreover, they offer better structural strength, more cornering force for better control while maneuvering and cornering, and less stopping distance because of the larger foot print area (tread contact patch). It may be significant to note that TBR tires are helping to lessen the cost of accidents and resulting losses. Conversely, the purchasing cost of TBR is higher than that of a bus or bias-ply truck tire. This is perhaps the most important reason why many bus and truck operators hesitant to invest in a TBR tire which intern curbs the market growth. Whereas, performance enhancement in terms of deterioration, durability, rolling resistance, and comfort significant advantage in terms of the overall operating cost expected to boost the market growth through the forecasting phase.
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Enhanced Safety Highly Contributing to the Growth of This Market
TBRs offer certain safety advantages over bias-ply tires. They are structurally stronger than bias-ply tires. As mentioned earlier, they offer improved structural strength, more cornering force for superior control while cornering and maneuvering, and less stopping distance because of the larger foot print area. On the other hand, the TBR tire holds a principle share in overall truck and bus tire market; and is influenced by several variables, together with economic activity and truck production (determining OE tire demand), size, sales, composition and use of the trucks in commission (a major determinant of replacement demand). Likewise, truck ownership, driving patterns, fuel costs, behaviors, and use of transport alternatives are significant aspects of tire use. Also, miles driven and tire wear/replacement, as well as further truck sales are directly proportional to the expansion of TBR tire market. Besides, significant advantage in terms of overall operating cost is expected to boost the market growth through the forecasting phase.
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Operating Costs Can Hamper The Market Growth
TBRs offer a significant advantage in terms of overall operating cost. The purchasing cost of a TBR is nearly 20 per cent expensive than that of a non-radial bus tire or bias-ply truck tires. This is perhaps the vital aspect why many truck and bus operators are reluctant to invest in a TBR. What they need to do however is to consider the performance enhancement in terms of durability, wear, rolling resistance, and comfort. The retread-ability of TBRs is higher than bias-ply tires i.e. three times that of a bias-ply tire, and results in a life that is two times more than that of a bias-ply tire. The consumption of tread rubber in a bias-ply tire is more than that of a TBR. This often leads to a situation where bias-ply tires need retreading faster than a TBR. The fuel cost as well as the running cost per km of a TBR is 5 per cent lower than that of a bias-ply tire.
Regional Viewpoint
The study by Acumen Research shows that United States held the prime position in TBR tire market in 2017, attributable by the elements such as presence of gigantic transportation industry and with solid financial conditions. Asia-Pacific follows the trend, specifically driven by China (regardless of some more as of late developing concerns), and is fundamental main thrust in the worldwide TBR tire market. This industry-driving business sector will grow at a rapid pace as compared to other businesses, at around 5% every year through 2025, with interest surpassing in excess of 75 million units. The major factors contributing to this growth include development in transportation services in the country, more versatile populaces, financial advancement and improvement in mechanical and transportation offices. Both South America and Middle East/Africa are required to expand their services over the years and make their transportation services more dependable.
Insights on Market Segments
Global TBR tire market is segmented by type, application and geography. Based on different types, the market is segmented into set all position, drive, and trailer. Also, application is further bifurcated into trucking industry, public transportation services, and urban use. Based on geography market is further classified into USA, China, Europe, Japan, India, Southeast Asia, and Rest of the World.
Trucking Industry Held Largest Share In TBR Tire Sales in 2017
Trucking industry segment held highest market share in 2017 in terms of volume and revenue. Improved and enlarged penetration of transportation, especially in emerging region is expected to support the growth in coming years. Furthermore, consumption of TBR tire by specifically designed trucks for different purposes namely construction; freight forwarding etc. is anticipated to show a substantial growth during upcoming time span. Increased E-commerce goods shipping and penetration owing to availability of convenient purchasing of tires is foreseen to be an influencing factor for TBR tire market through the forecasting phase.
Key Players
Some of the key players operating in the global TBR tire market, profiled in the report include Michelin, Bridgestone, Continental, Yokohama, ChemChina - Pirelli, Goodyear, Kumho, Giti, Toyo, Cooper, Hankook among others.
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Table Of Content
Chapter 1. TBR Tire Market Overview
1.1 Product Overview and Scope of TBR Tire
1.2 Classification of TBR Tire by Product Category
1.2.1 Global TBR Tire Sales and Growth Comparison by Types (2013-2025)
1.2.2 Global TBR Tire Sales Market Share by Types in 2017
1.2.3 All Position
1.2.4 Drive
1.2.5 Trailer
1.3 Global TBR Tire Market by Applications/End Users
1.3.1 Global TBR Tire Sales Comparison by Applications (2013-2025)
1.3.2 Trucking industry
1.3.3 Public transportation services
1.4 Global TBR Tire Market by Regions
1.4.1 Global TBR Tire Revenue Comparison by Regions (2013-2025)
1.4.2 United States TBR Tire Status and Prospect (2013-2025)
1.4.3 China TBR Tire Status and Prospect (2013-2025)
1.4.4 Europe TBR Tire Status and Prospect (2013-2025)
1.4.5 Japan TBR Tire Status and Prospect (2013-2025)
1.4.6 Southeast Asia TBR Tire Status and Prospect (2013-2025)
1.4.7 India TBR Tire Status and Prospect (2013-2025)
1.5 Global TBR Tire Sales and Revenue (2013-2025)
1.5.1 Global TBR Tire Sales and Growth Rate (2013-2025)
1.5.2 Global TBR Tire Revenue and Growth Rate (2013-2025)
Chapter 2. Global TBR Tire Competition by Players, Type and Application
2.1 Global TBR Tire Market Competition by Players
2.1.1 Global TBR Tire Sales and Market Share of Key Players (2013-2018)
2.1.2 Global TBR Tire Revenue and Share by Players (2013-2018)
2.2 Global TBR Tire Sales and Revenue by Type
2.2.1 Global TBR Tire Sales and Market Share by Type (2013-2018)
2.2.2 Global TBR Tire Revenue and Market Share by Type (2013-2018)
2.3 Global TBR Tire Sales and Revenue by Regions
2.3.1 Global TBR Tire Sales and Revenue by Regions
2.3.2 Global TBR Tire Revenue and Market Share by Regions (2013-2018)
2.4 Global TBR Tire Sales by Application
Chapter 3. USA TBR Tire (Sales, Revenue and Price)
3.1 USA TBR Tire Sales and Revenue (2013-2018)
3.1.1 USA TBR Tire Sales and Growth Rate (2013-2018)
3.1.2 USA TBR Tire Revenue and Growth Rate (2013-2018)
3.1.3 USA TBR Tire Price Trend (2013-2018)
3.2 USA TBR Tire Sales and Market Share by Players
3.3 USA TBR Tire Sales and Market Share by Type
3.4 USA TBR Tire Sales and Market Share by Applications
Chapter 4. China TBR Tire (Sales, Revenue and Price)
4.1 China TBR Tire Sales and Revenue (2013-2018)
4.1.1 China TBR Tire Sales and Revenue (2013-2018)
4.1.2 China TBR Tire Revenue and Growth Rate (2013-2018)
4.1.3 China TBR Tire Price Trend (2013-2018)
4.2 China TBR Tire Sales and Market Share by Players
4.3 China TBR Tire Sales and Market Share by Type
4.4 China TBR Tire Sales and Market Share by Applications
Chapter 5. Europe TBR Tire (Sales, Revenue and Price)
5.1 Europe TBR Tire Sales and Value (2013-2018)
5.1.1 Europe TBR Tire Sales and Growth Rate (2013-2018)
5.1.2 Europe TBR Tire Revenue and Growth Rate (2013-2018)
5.1.3 Europe TBR Tire Price Trend (2013-2018)
5.2 Europe TBR Tire Sales and Market Share by Players
5.3 Europe TBR Tire Sales and Market Share by Type
5.4 Europe TBR Tire Sales and Market Share by Applications
Chapter 6. Japan TBR Tire (Sales, Revenue and Price)
6.1 Japan TBR Tire Sales and Value (2013-2018)
6.1.1 Japan TBR Tire Sales and Growth Rate (2013-2018)
6.1.2 Japan TBR Tire Revenue and Growth Rate (2013-2018)
6.1.3 Japan TBR Tire Price Trend (2013-2018)
6.2 Japan TBR Tire Sales and Market Share by Players
6.3 Japan TBR Tire Sales and Market Share by Type
6.4 Japan TBR Tire Sales and Market Share by Applications
Chapter 7. India TBR Tire (Sales, Revenue and Price)
7.1 India TBR Tire Sales and Value (2013-2018)
7.1.1 India TBR Tire Sales and Growth Rate (2013-2018)
7.1.2 India TBR Tire Revenue and Growth Rate (2013-2018)
7.1.3 India TBR Tire Price Trend (2013-2018)
7.2 India TBR Tire Sales and Market Share by Players
7.3 India TBR Tire Sales and Market Share by Type
7.4 India TBR Tire Sales and Market Share by Applications
Chapter 8. Southeast Asia TBR Tire (Sales, Revenue and Price)
8.1 Southeast Asia TBR Tire Sales and Value (2013-2018)
8.1.1 Southeast Asia TBR Tire Sales and Growth Rate (2013-2018)
8.1.2 Southeast Asia TBR Tire Revenue and Growth Rate (2013-2018)
8.1.3 Southeast Asia TBR Tire Price Trend (2013-2018)
8.2 Southeast Asia TBR Tire Sales and Market Share by Players
8.3 Southeast Asia TBR Tire Sales and Market Share by Type
8.4 Southeast Asia TBR Tire Sales and Market Share by Applications
Chapter 9. Global TBR Tire Players Profiles and Sales Data
9.1 Bridgestone
9.1.1 Company Basic Information, Manufacturing Base and Competitors
9.1.2 TBR Tire Product Category, Features and Specification
9.1.2.1 Products
9.1.3 Bridgestone TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.1.4 Main Business/Business Overview
9.2 Michelin
9.2.1 Company Basic Information, Manufacturing Base and Competitors
9.2.2 TBR Tire Product Category, Features and Specification
9.2.2.1 Products
9.2.3 Michelin TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.2.4 Main Business/Business Overview
9.3 Goodyear
9.3.1 Company Basic Information, Manufacturing Base and Competitors
9.3.2 TBR Tire Product Category, Features and Specification
9.3.2.1 Products
9.3.3 Goodyear TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.3.4 Main Business/Business Overview
9.4 Continental
9.4.1 Company Basic Information, Manufacturing Base and Competitors
9.4.2 TBR Tire Product Category, Features and Specification
9.4.2.1 Products
9.4.3 Continental TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.4.4 Main Business/Business Overview
9.5 Pirelli
9.5.1 Company Basic Information, Manufacturing Base and Competitors
9.5.2 TBR Tire Product Category, Features and Specification
9.5.2.1 Product A
9.5.3 Pirelli TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.5.4 Main Business/Business Overview
9.6 Hankook
9.6.1 Company Basic Information, Manufacturing Base and Competitors
9.6.2 TBR Tire Product Category, Features and Specification
9.6.2.1 Products
9.6.3 Hankook TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.6.4 Main Business/Business Overview
9.7 Yokohama
9.7.1 Company Basic Information, Manufacturing Base and Competitors
9.7.2 TBR Tire Product Category, Features and Specification
9.7.2.1 Products
9.7.3 Yokohama TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.7.4 Main Business/Business Overview
9.8 GITI Tire
9.8.1 Company Basic Information, Manufacturing Base and Competitors
9.8.2 TBR Tire Product Category, Features and Specification
9.8.2.1 Products
9.8.3 GITI Tire TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.8.4 Main Business/Business Overview
9.9 Cooper Tire
9.9.1 Company Basic Information, Manufacturing Base and Competitors
9.9.2 TBR Tire Product Category, Features and Specification
9.9.2.1 Products
9.9.3 Cooper Tire TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.9.4 Main Business/Business Overview
9.10 Toyo Tire
9.10.1 Company Basic Information, Manufacturing Base and Competitors
9.10.2 TBR Tire Product Category, Features and Specification
9.10.2.1 Products
9.10.3 Toyo Tire TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.10.4 Main Business/Business Overview
9.11 Kumho
9.11.1 Company Basic Information, Manufacturing Base and Competitors
9.11.2 TBR Tire Product Category, Features and Specification
9.11.2.1 Products
9.11.3 Kumho TBR Tire Sales, Revenue, Price and Gross Margin (2013-2018)
9.11.4 Main Business/Business Overview
9.12 Washington Tire Corporation
9.12.1 Company Basic Information, Manufacturing Base and Competitors
9.12.2 Main Business/Business Overview
9.13 Linglong
9.13.1 Company Basic Information, Manufacturing Base and Competitors
9.13.2 Main Business/Business Overview
9.14 Cheng Shin Tire (CST brand)
9.14.1 Company Basic Information, Manufacturing Base and Competitors
9.14.2 Main Business/Business Overview
9.15 Techking Tires
9.15.1 Company Basic Information, Manufacturing Base and Competitors
9.15.2 Main Business/Business Overview
9.16 Zhongce
9.16.1 Company Basic Information, Manufacturing Base and Competitors
9.16.2 Main Business/Business Overview
9.17 MRF
9.17.1 Company Basic Information, Manufacturing Base and Competitors
9.17.2 Main Business/Business Overview
9.18 Apollo Tyres
9.18.1 Company Basic Information, Manufacturing Base and Competitors
9.18.2 Main Business/Business Overview
9.19 Triangle Group
9.19.1 Company Basic Information, Manufacturing Base and Competitors
9.19.2 Main Business/Business Overview
9.20 Hengfeng Rubber
9.20.1 Company Basic Information, Manufacturing Base and Competitors
9.20.2 Main Business/Business Overview
9.21 Nokian Tyres
9.21.1 Company Basic Information, Manufacturing Base and Competitors
9.21.2 Main Business/Business Overview
9.22 Luxxan
9.22.1 Company Basic Information, Manufacturing Base and Competitors
9.22.2 Main Business/Business Overview
9.23 JINYU TIRE
9.23.1 Company Basic Information, Manufacturing Base and Competitors
9.23.2 Main Business/Business Overview
9.24 Hercules Tire
9.24.1 Company Basic Information, Manufacturing Base and Competitors
9.24.2 Main Business/Business Overview
9.25 Qingdao Pegasus Rubber
9.25.1 Company Basic Information, Manufacturing Base and Competitors
9.25.2 Main Business/Business Overview
9.26 QINGDAO NAMA INDUSTRIAL
9.26.1 Company Basic Information, Manufacturing Base and Competitors
9.26.2 Main Business/Business Overview
9.27 Sailun
9.27.1 Company Basic Information, Manufacturing Base and Competitors
9.27.2 Main Business/Business Overview
9.28 Sumitomo Rubber
9.28.1 Company Basic Information, Manufacturing Base and Competitors
9.28.2 Main Business/Business Overview
Chapter 10. TBR Tire Manufacturing Cost Analysis
10.1 TBR Tire Key Raw Materials Analysis
10.1.1 Key Raw Materials
10.1.2 Price Trend of Key Raw Materials
10.1.3 Key Suppliers of Raw Materials
10.1.4 Market Concentration Rate of Raw Materials
10.2 Proportion of Manufacturing Cost Structure
10.2.1 Raw Materials
10.2.2 Labor Cost
10.2.3 Manufacturing Expenses
10.3 Manufacturing Process Analysis of TBR Tire
Chapter 11. Industrial Chain, Sourcing Strategy and Downstream Buyers
11.1 TBR Tire Industrial Chain Analysis
11.2 Upstream Raw Materials Sourcing
11.3 Raw Materials Sources of TBR Tire Major Players in 2017
11.4 Downstream Buyers
Chapter 12. Marketing Strategy Analysis, Distributors/Traders
12.1 Marketing Channel
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.1.3 Marketing Channel Development Trend
12.2 Market Positioning
12.2.1 Pricing Strategy
12.2.2 Brand Strategy
12.2.3 Target Client
12.3 Distributors/Traders List
Chapter 13. Market Effect Factors Analysis
13.1 Market Effect Factors Analysis
13.1.1 Substitutes Threat
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs/Customer Preference Change
13.3 Economic/Political Environmental Change
Chapter 14. Global TBR Tire Market Forecast (2018-2025)
14.1 Global TBR Tire Sales (K Units), Revenue and Price Forecast (2018-2025)
14.1.1 Global TBR Tire Sales (K Units) and Growth Rate Forecast (2018-2025)
14.1.2 Global TBR Tire Revenue (Million USD) and Growth Rate Forecast (2018-2025)
14.1.3 Global TBR Tire Price (USD/Unit) and Trend Forecast (2018-2025)
14.2 Global TBR Tire Sales (K Units), Revenue (Million USD) and Growth Rate Forecast by Regions (2018-2025)
14.2.1 Global TBR Tire Sales (K Units) and Growth Rate Forecast by Regions (2018-2025)
14.2.2 Global TBR Tire Revenue (Million USD) and Growth Rate Forecast by Regions (2018-2025)
14.2.3 USA TBR Tire Sales, Revenue (Million USD) and Growth Rate Forecast (2018-2025)
14.2.4 Europe TBR Tire Sales, Revenue (Million USD) and Growth Rate Forecast (2018-2025)
14.2.5 China TBR Tire Sales, Revenue (Million USD) and Growth Rate Forecast (2018-2025)
14.2.6 Japan TBR Tire Sales, Revenue (Million USD) and Growth Rate Forecast (2018-2025)
14.2.7 Southeast Asia TBR Tire Sales, Revenue (Million USD) and Growth Rate Forecast (2018-2025)
14.2.8 India TBR Tire Sales, Revenue (Million USD) and Growth Rate Forecast (2018-2025)
14.3 Global TBR Tire Sales, and Revenue Forecast by Type (2018-2025)
14.3.1 Global TBR Tire Sales Forecast by Type (2018-2025)
14.3.2 Global TBR Tire Revenue Forecast by Type (2018-2025)
14.3.3 Global TBR Tire Market Forecast by Type (2018-2025)
Chapter 15. Research Findings and Conclusion
Chapter 16. Methodology and Data Source
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
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