Global Bus Tire Market 2019-2023: Market breakdown by OE Tires & Replacement Tires - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 9, 2019--The “Global Bus Tire Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The market will register a CAGR of almost 3% by 2023
Development of specialized tires for electric buses to gain traction in the market. The urgent need to reduce emission levels is helping in the wider adoption of electric vehicles across major economies. The global bus and coaches market is also shifting from conventional buses to electric buses.
Falling rubber prices boosting profit margins of tire manufacturers
The drop-in rubber prices is allowing tire manufacturers to report higher margins as rubber takes up the maximum portion of the cost incurred in manufacturing a tire.
Growing popularity of retreading tires
Retreaded tires for automotive application are tires that allow the replacement of a used tire’s tread with a new tread. The growing popularity of retreading tires is a challenge for the global bus tire market.
For the detailed list of factors that will drive and challenge the growth of the bus tire market during the 2019-2023, view this report.
The market appears to be fragmented and with the presence of several companies including Bridgestone and Continental, the competitive environment is quite intense. Factors such as the development of specialized tires for electric buses and the falling rubber prices boosting profit margins of tire manufacturers, will provide considerable growth opportunities to bus tire manufactures.
Bridgestone, Continental, MICHELIN, Pirelli & C., The Goodyear Tire & Rubber, and THE YOKOHAMA RUBBER are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY PRODUCTComparison by product Replacement tires OE tires Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic segmentation Geographic comparison Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: TRENDS
PART 11: VENDOR LANDSCAPEOverview Landscape disruption
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Bridgestone Continental Michelin Pirelli & C. The Goodyear Tire & Rubber The Yokohama Rubber
For more information about this report visit https://www.researchandmarkets.com/research/r26wnz/global_bus_tire?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005438/en/
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Related Topics:Automotive Tires
INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/09/2019 08:18 AM/DISC: 01/09/2019 08:18 AM