Covid-19 Impact on Global Heavy-Duty Tires Market Size, Status and Forecast 2020-2026

Heavy-duty tire is tire sepcially used for heavy-duty vehicles.

The global heavy duty tires market is relatively concentrated as the manufacturing technology of heavy duty tires is relatively higher than some light tires. Some enterprises are well-known for the wonderful performance of their heavy duty tires and related services. The global leading players Michelin, Bridgestone and Goodyear are remarkable in the global heavy duty tires industry because of their market share and technology status of heavy duty tires.

The consumption volume of heavy duty tires is related to downstream industries and global economy. There are many manufactures in this field. The global consumption volume of heavy duty tires will increase from 175 million units in 2016 to 180 million units in 2022, with an annual growth rate of 0.49%

The largest Market of heavy duty tires is Asia-Pacific, with market share of about 51.05% in 2016, followed by Europe and North America, with market share of 17.90% and 15.36% .Recent years, the developing countries such as China, India and Brazil are playing more and more important roles in the market and investors should pay more attention to these regions

The Heavy-Duty Tires market is mainly divided into heavy-duty trucks, OTR tires and agricultural tires. The heavy duty tires are the largest market due to the large production of heavy-duty trucks. In 2016, the revenue market share of heavy-duty trucks, OTR tires and agricultural tires are 72.52%, 17.74% and 9.74%.

Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, core technology improvement, manufacturing equipment innovation, and brand establishment.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Heavy-Duty Tires 4900 market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the Heavy-Duty Tires 4900 industry.

Based on our recent survey, we have several different scenarios about the Heavy-Duty Tires 4900 YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 34520 million in 2019. The market size of Heavy-Duty Tires 4900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Heavy-Duty Tires market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Heavy-Duty Tires market in terms of both revenue and volume.

Players, stakeholders, and other participants in the global Heavy-Duty Tires market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

Production and Pricing Analyses

Readers are provided with deeper production analysis, import and export analysis, and pricing analysis for the global Heavy-Duty Tires market. As part of production analysis, the report offers accurate statistics and figures for production capacity, production volume by region, and global production and production by each type segment for the period 2015-2026.

In the pricing analysis section of the report, readers are provided with validated statistics and figures for price by manufacturer and price by region for the period 2015-2020 and price by each type segment for the period 2015-2026. The import and export analysis for the global Heavy-Duty Tires market has been provided based on region.

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Heavy-Duty Tires market, covering important regions, viz, North America, Europe, China, Japan, South Korea and India. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of volume for the period 2015-2026.

Competition Analysis

In the competitive analysis section of the report, leading as well as prominent players of the global Heavy-Duty Tires market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Heavy-Duty Tires market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Heavy-Duty Tires market.

The following manufacturers are covered in this report:

- Bridgestone

- Michelin

- Goodyear

- Continental

- Zhongce Rubber

- Apollo

- Chem China

- Double Coin Holdings

- Guizhou Tire

- Titan

- Prinx Chengshan

- Trelleborg

- Pirelli

- Yokohama Tire

- BKT

- Linglong Tire

- Xugong Tyres

- Triangle

- Hawk International Rubber

- Nokian

- Shandong Taishan Tyre

- Carlisle

- Shandong Yinbao

- Sumitomo

- Doublestar

- Fujian Haian Rubber

- JK Tyre

- Specialty Tires

- Techking Tires

Heavy-Duty Tires Breakdown Data by Type

- Rim Diameter =29 inch

- 29 inch

- 39 inch

- Rim Diameter >49 inch

Heavy-Duty Tires Breakdown Data by Application

- Heavy Duty Truck Tires

- OTR Tires

- Agricultural Tires