Global Pneumatic Tire Market is expected to reach USD 334.5 billion by 2022. A pneumatic tire is also termed as air-filled tire, which is made of an airtight inner core filled with pressurized air. It may absorb the unevenness of terrain from impacts and cushion the load. The Pneumatic Tire Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Changing lifestyle, rapid economic growth, growth in high spending by customers, government initiative, and enhancing road infrastructure are documented as major factors of Pneumatic Tire Market that are estimated to enhance the growth in the years to come. However, strict policy against use of pneumatic tires and their disposal are the key factors that may restrain overall market growth in the coming years. Pneumatic Tire Market is segmented based on vehicle type, product type, and region. Aircraft, two wheelers, four wheelers, and other vehicle types could be explored in Pneumatic Tire in the forecast period. Four-wheeler comprises commercial vehicles and passenger vehicles. On the other hand, two-wheeler comprises motorcycle, and bicycle. Others may comprise off-road vehicles, industrial vehicles, and agricultural vehicles. Four-wheelers sector accounted for the substantial market share of Pneumatic Tire and is estimated to lead the overall sector in the coming years. Also, aircraft sector is estimated to grow at fastest pace with a significant CAGR in the coming years. Request a Free Sample Copy of Pneumatic Tire Market Report @ https://www.millioninsights.com/industry-reports/pneumatic-tire-market/request-sample Cross-ply tires, radial tires, and other product types could be explored in Pneumatic Tire in the forecast period. Radial tires sector accounted for the substantial market share of Pneumatic Tire and is estimated to continue its dominance in the coming years. this may be because of high demand in agricultural industries as it has several benefits like smooth ride, long tire life, excellent traction, and resistant to cuts, tears, and punctures. Globally, Asia Pacific accounted for the substantial market share of Pneumatic Tire and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers in the region, growth in R&D investment for development of novel automotive types, and growing demand for pneumatic tires in emerging countries. The developing countries like India and China are the major consumers of Pneumatic Tire in the region. Instead, North America and Europe are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise key industries, which are technologically enhanced and innovative like General Motor Co., and Ford Motors Co. the United States is a major consumer of Pneumatic Tire in the region. The key players of Pneumatic Tire Market are Kumho Tire Co., Inc., Michelin, Pirelli & C.S.p.A, Continental AG, Sumitomo Rubber Industries, Bridgestone, Yokohama, Cooper Tire & Rubber Company, and Hankook Tire. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position. Browse the Full Global Pneumatic Tire Market - Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2012 To 2022 Report at - https://www.millioninsights.com/industry-reports/pneumatic-tire-market Market Segment: Pneumatic Tire Sales Outlook (Revenue, USD Billion, 2012 - 2022) • OEM • Replacement Pneumatic Tire Vehicle Outlook (Revenue, USD Billion, 2012 - 2022) • Two-wheelers • Four-wheelers • Aircrafts • Others Pneumatic Tire Product Outlook (Revenue, USD Billion, 2012 - 2022) • Radial • Crossply Pneumatic Tire Regional Outlook (Revenue, USD Billion, 2012 - 2022) • North America • Europe • Asia Pacific To read more reports of this category, Visit our blog: https://automotivemarketresearchreports.tumblr.com
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Global Rolling Stock Market size is expected to reach USD 75.12 billion by 2025. Rolling stock is the wheeled vehicles that are used on a railway. It is commonly used for transportation of passengers as well as goods such as conventional fuels, agricultural products, heavy machinery and construction materials. It has facilitated easy transportation with some benefits such as reliability, cost-effectiveness and comfort. Need for reduced traffic, reliability and cost efficiency has increased the adoption of rolling stock for transportation of goods, passengers and animals. The rolling stock market to witnesses a CAGR of 4% in the forecast period.
In rolling stock, some locomotive technologies are used such as conventional locomotive, turbocharge locomotive, maglev, and others. The “turbocharge locomotive” segment is projected to grow at the higher CAGR in the coming years. Numerous companies are implementing turbocharger technology in locomotives used for public transport. Rolling stock could be explored by product such as rapid transit vehicle, locomotive, wagon, subway/metro vehicle, passenger coach, light rail/ tram car, and others. The “rapid transit vehicle” segment is anticipated to witness strong growth in the next couple of years owing to high speed and enhanced comfort offered by these vehicles. Moreover, increasing demand for magnetic levitation trains and automated trains for public transportation is expected to boost the market growth in the next couple of years. Request a Free Sample Copy of Rolling Stock Market Report @ https://www.millioninsights.com/industry-reports/rolling-stock-market/request-sample Train types such as rail freight and passenger rail could be explored in rolling stock industry. The demand for passenger rails is constantly increasing globally. Moreover, passenger rails are mass transit systems and more cost-effective than roadways. Metros, trams and high-speed trains are the most preferred passenger rails due to their faster transportation service. The factors that play an important role in the growth of market include increasing demand, growing population, increasing urbanization & industrialization, growing demand for public transport, increasing need for energy-efficient transport, rising demand for rail vehicles such as local trains, trams & passenger rails, technological advancement and stringent government rules & regulations. The other factors include improvement of rail tracks, enhancements to the existing rail management systems, building new lanes, technological development of rail control and signaling services. Moreover, growing rail supply market in the rail infrastructure projects and governments are heavily investing in the rail infrastructure projects like signaling, electrifying of tracks & urban transit systems in developing countries are major factors driving the growth of market in the next couple of years. However, high installation and maintenance cost of rolling stock is negatively impacting the growth of rolling stock industry. The probable stakeholders for market include manufacturers of rolling stock, dealers & distributors of rolling stock, investment firms, equity research firms, private equity firms and industry associations. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is classified into product, type, train type, locomotive technology and geography. Download Full Research Report on “Rolling Stock Market” @ https://www.millioninsights.com/industry-reports/rolling-stock-market The market is classified by type such as diesel and electric. The “electric vehicles” sector is expected to hold the large market share in the upcoming period due to its benefits such as reduced pollution and enhanced efficiency of vehicles. Electric trains are eco-friendly and emit 20%-30% less carbon monoxide as compared to diesel trains. Asia Pacific is projected to grow at the higher CAGR in the upcoming period owing to the increasing adoption of rail vehicles for transporting goods and passengers. Also, the growing investments in electric and metro trains in developing countries such as India, Taiwan and China which fuels the growth of market in this region. Middle East & Africa (MEA) is expected to be the fastest growing region in the years to come due to the rising applications of rolling stock in the oil & gas and mining industries for transportation of goods. The key players contributing to the robust development of the rolling stock industry includes CRRC Corporation Limited, Alstom Transport, Bombardier Transportation, Alstom SA, Trinity Rail Group LLC, GE Transportation, Diesel Locomotive Works (DLW), Stadler Rail AG, Siemens Mobility, Japan Transport Engineering Company, Downer Rail, Faiveley Transport, General Electric Company, UGL Rail, The Greenbrier Co., Texmaco Rail and Engineering, Hitachi Rail Systems, and Hyundai Rotem. The major market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour. Market Segment: Rolling Stock Product Outlook (Revenue, USD Million, 2014 - 2025) • Locomotive • Rapid Transit Vehicle • Wagon Rolling Stock Type Outlook (Revenue, USD Million, 2014 - 2025) • Diesel • Electric Rolling Stock Train Type Outlook (Revenue, USD Million, 2014 - 2025) • Rail Freight • Passenger Rail Rolling Stock Regional Outlook (Revenue, USD Million, 2014 - 2025) • North America • U.S. • Canada • Mexico • Europe • U.K. • Germany • Russia • Asia Pacific • China • Japan • India • South America • Brazil • Middle East & Africa To read more reports of this category, Visit our blog: https://automotivemarketresearchreportss.blogspot.com |
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