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Market Intelligence . Consulting Global Commercial Vehicle Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2021

Commercial Vehicle Tire Market Forecast 2021 - brochure

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Page 1: Commercial Vehicle Tire Market Forecast 2021 - brochure

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

Global Commercial Vehicle Tire Market By Vehicle Type, By Demand Category,

By Region, Competit ion Forecast & Opportunities , 2021

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S. No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Commercial Vehicle Tire Production Overview

5. Global Commercial Vehicle Tire Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (LCV Vs. M&HCV)

5.2.2. By Company

5.2.3. By Region

5.2.4. By Demand Category (OEM Vs. Replacement)

5.3. Market Attractive Index (By Vehicle Type)

5.4. Market Attractive Index (By Country)

6. Asia-Pacific Commercial Vehicle Tire Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type

6.2.2. By Country

6.3. Market Attractive Index (By Vehicle Type)

6.4. Market Attractive Index (By Country)

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6.5. Asia-Pacific Commercial Vehicle Tire Regional Analysis

6.5.1. Japan Commercial Vehicle Tire Market Outlook

6.5.1.1. Market Size & Forecast

6.5.1.1.1. By Value & Volume

6.5.1.2. Market Size & Forecast

6.5.1.2.1. By Vehicle Type

6.5.1.2.2. By Demand Category (OEM Vs. Replacement)

6.5.1.3. Market Attractive Index (By Vehicle Type)

6.5.1.4. Import Tariff

6.5.2. China Commercial Vehicle Tire Market Outlook

6.5.2.1. Market Size & Forecast

6.5.2.1.1. By Value & Volume

6.5.2.2. Market Size & Forecast

6.5.2.2.1. By Vehicle Type

6.5.2.2.2. By Demand Category (OEM Vs. Replacement)

6.5.2.3. Market Attractive Index (By Vehicle Type)

6.5.2.4. Import Tariff

6.5.3. India Commercial Vehicle Tire Market Outlook

6.5.3.1. Market Size & Forecast

6.5.3.1.1. By Value & Volume

6.5.3.2. Market Size & Forecast

6.5.3.2.1. By Vehicle Type

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6.5.3.2.2. By Demand Category (OEM Vs. Replacement)

6.5.3.3. Market Attractive Index (By Vehicle Type)

6.5.3.4. Import Tariff

6.5.4. Thailand Commercial Vehicle Tire Market Outlook

6.5.4.1. Market Size & Forecast

6.5.4.1.1. By Value & Volume

6.5.4.2. Market Size & Forecast

6.5.4.2.1. By Vehicle Type

6.5.4.2.2. By Demand Category (OEM Vs. Replacement)

6.5.4.3. Market Attractive Index (By Vehicle Type)

6.5.4.4. Import Tariff

6.5.5. South Korea Commercial Vehicle Tire Market Outlook

6.5.5.1. Market Size & Forecast

6.5.5.1.1. By Value & Volume

6.5.5.2. Market Size & Forecast

6.5.5.2.1. By Vehicle Type

6.5.5.2.2. By Demand Category (OEM Vs. Replacement)

6.5.5.3. Market Attractive Index (By Vehicle Type)

6.5.5.4. Import Tariff

6.5.6. Australia Commercial Vehicle Tire Market Outlook

6.5.6.1. Market Size & Forecast

6.5.6.1.1. By Value & Volume

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6.5.6.2. Market Size & Forecast

6.5.6.2.1. By Vehicle Type

6.5.6.3. Market Attractive Index (By Vehicle Type)

6.5.6.4. Import Tariff

7. North America Commercial Vehicle Tire Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Country

7.3. Market Attractive Index (By Vehicle Type)

7.4. Market Attractive Index (By Country)

7.5. North America Commercial Vehicle Tire Regional Analysis

7.5.1. United States Commercial Vehicle Tire Market Outlook

7.5.1.1. Market Size & Forecast

7.5.1.1.1. By Value & Volume

7.5.1.2. Market Size & Forecast

7.5.1.2.1. By Vehicle Type

7.5.1.2.2. By Demand Category (OEM Vs. Replacement)

7.5.1.3. Market Attractive Index (By Vehicle Type)

7.5.1.4. Import Tariff

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7.5.2. Canada Commercial Vehicle Tire Market Outlook

7.5.2.1. Market Size & Forecast

7.5.2.1.1. By Value & Volume

7.5.2.2. Market Size & Forecast

7.5.2.2.1. By Vehicle Type

7.5.2.2.2. By Demand Category (OEM Vs. Replacement)

7.5.2.3. Market Attractive Index (By Vehicle Type)

7.5.2.4. Import Tariff

7.5.3. Mexico Commercial Vehicle Tire Market Outlook

7.5.3.1. Market Size & Forecast

7.5.3.1.1. By Value & Volume

7.5.3.2. Market Size & Forecast

7.5.3.2.1. By Vehicle Type

7.5.3.2.2. By Demand Category (OEM Vs. Replacement)

7.5.3.3. Market Attractive Index (By Vehicle Type)

7.5.3.4. Import Tariff

8. Europe & CIS Countries Commercial Vehicle Tire Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By Country

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8.3. Market Attractive Index (By Vehicle Type)

8.4. Market Attractive Index (By Country)

8.5. Europe & CIS Countries Commercial Vehicle Tire Regional Analysis

8.5.1. Russia Commercial Vehicle Tire Market Outlook

8.5.1.1. Market Size & Forecast

8.5.1.1.1. By Value & Volume

8.5.1.2. Market Size & Forecast

8.5.1.2.1. By Vehicle Type

8.5.1.2.2. By Demand Category (OEM Vs. Replacement)

8.5.1.3. Market Attractive Index (By Vehicle Type)

8.5.1.4. Import Tariff

8.5.2. United Kingdom Commercial Vehicle Tire Market Outlook

8.5.2.1. Market Size & Forecast

8.5.2.1.1. By Value & Volume

8.5.2.2. Market Size & Forecast

8.5.2.2.1. By Vehicle Type

8.5.2.2.2. By Demand Category (OEM Vs. Replacement)

8.5.2.3. Market Attractive Index (By Vehicle Type)

8.5.2.4. Import Tariff

8.5.3. Germany Commercial Vehicle Tire Market Outlook

8.5.3.1. Market Size & Forecast

8.5.3.1.1. By Value & Volume

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8.5.3.2. Market Size & Forecast

8.5.3.2.1. By Vehicle Type

8.5.3.2.2. By Demand Category (OEM Vs. Replacement)

8.5.3.3. Market Attractive Index (By Vehicle Type)

8.5.3.4. Import Tariff

8.5.4. Italy Commercial Vehicle Tire Market Outlook

8.5.4.1. Market Size & Forecast

8.5.4.1.1. By Value & Volume

8.5.4.2. Market Size & Forecast

8.5.4.2.1. By Vehicle Type

8.5.4.2.2. By Demand Category (OEM Vs. Replacement)

8.5.4.3. Market Attractive Index (By Vehicle Type)

8.5.4.4. Import Tariff

8.5.5. Ukraine Commercial Vehicle Tire Market Outlook

8.5.5.1. Market Size & Forecast

8.5.5.1.1. By Value & Volume

8.5.5.2. Market Size & Forecast

8.5.5.2.1. By Vehicle Type

8.5.5.2.2. By Demand Category (OEM Vs. Replacement)

8.5.5.3. Market Attractive Index (By Vehicle Type)

8.5.5.4. Import Tariff

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8.5.6. Spain Commercial Vehicle Tire Market Outlook

8.5.6.1. Market Size & Forecast

8.5.6.1.1. By Value & Volume

8.5.6.2. Market Size & Forecast

8.5.6.2.1. By Vehicle Type

8.5.6.2.2. By Demand Category (OEM Vs. Replacement)

8.5.6.3. Market Attractive Index (By Vehicle Type)

8.5.6.4. Import Tariff

9. Middle East & Africa (MEA) Commercial Vehicle Tire Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Vehicle Type

9.2.2. By Country

9.3. Market Attractive Index (By Vehicle Type)

9.4. Market Attractive Index (By Country)

9.5. Middle East & Africa (MEA) Commercial Vehicle Tire Regional Analysis

9.5.1. Saudi Arabia Commercial Vehicle Tire Market Outlook

9.5.1.1. Market Size & Forecast

9.5.1.1.1. By Value & Volume

9.5.1.2. Market Size & Forecast

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9.5.1.2.1. By Vehicle Type

9.5.1.3. Market Attractive Index (By Vehicle Type)

9.5.1.4. Import Tariff

9.5.2. Turkey Commercial Vehicle Tire Market Outlook

9.5.2.1. Market Size & Forecast

9.5.2.1.1. By Value & Volume

9.5.2.2. Market Size & Forecast

9.5.2.2.1. By Vehicle Type

9.5.2.2.2. By Demand Category (OEM Vs. Replacement)

9.5.2.3. Market Attractive Index (By Vehicle Type)

9.5.2.4. Import Tariff

9.5.3. South Africa Commercial Vehicle Tire Market Outlook

9.5.3.1. Market Size & Forecast

9.5.3.1.1. By Value & Volume

9.5.3.2. Market Size & Forecast

9.5.3.2.1. By Vehicle Type

9.5.3.2.2. By Demand Category (OEM Vs. Replacement)

9.5.3.3. Market Attractive Index (By Vehicle Type)

9.5.3.4. Import Tariff

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9.5.4. United Arab Emirates Commercial Vehicle Tire Market Outlook

9.5.4.1. Market Size & Forecast

9.5.4.1.1. By Value & Volume

9.5.4.2. Market Size & Forecast

9.5.4.2.1. By Vehicle Type

9.5.4.3. Market Attractive Index (By Vehicle Type)

9.5.4.4. Import Tariff

9.5.5. Israel Commercial Vehicle Tire Market Outlook

9.5.5.1. Market Size & Forecast

9.5.5.1.1. By Value & Volume

9.5.5.2. Market Size & Forecast

9.5.5.2.1. By Vehicle Type

9.5.5.3. Market Attractive Index (By Vehicle Type)

9.5.5.4. Import Tariff

9.5.6. Qatar Commercial Vehicle Tire Market Outlook

9.5.6.1. Market Size & Forecast

9.5.6.1.1. By Value & Volume

9.5.6.2. Market Size & Forecast

9.5.6.2.1. By Vehicle Type

9.5.6.3. Market Attractive Index (By Vehicle Type)

9.5.6.4. Import Tariff

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10. South America Commercial Vehicle Tire Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Vehicle Type

10.2.2. By Country

10.3. Market Attractive Index (By Vehicle Type)

10.4. Market Attractive Index (By Country)

10.5. South America Commercial Vehicle Tire Regional Analysis

10.5.1. Brazil Commercial Vehicle Tire Market Outlook

10.5.1.1. Market Size & Forecast

10.5.1.1.1. By Value & Volume

10.5.1.2. Market Size & Forecast

10.5.1.2.1. By Vehicle Type

10.5.1.2.2. By Demand Category (OEM Vs. Replacement)

10.5.1.3. Market Attractive Index (By Vehicle Type)

10.5.1.4. Import Tariff

10.5.2. Colombia Commercial Vehicle Tire Market Outlook

10.5.2.1. Market Size & Forecast

10.5.2.1.1. By Value & Volume

10.5.2.2. Market Size & Forecast

10.5.2.2.1. By Vehicle Type

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10.5.2.3. Market Attractive Index (By Vehicle Type)

10.5.2.4. Import Tariff

10.5.3. Argentina Commercial Vehicle Tire Market Outlook

10.5.3.1. Market Size & Forecast

10.5.3.1.1. By Value & Volume

10.5.3.2. Market Size & Forecast

10.5.3.2.1. By Vehicle Type

10.5.3.2.2. By Demand Category (OEM Vs. Replacement)

10.5.3.3. Market Attractive Index (By Vehicle Type)

10.5.3.4. Import Tariff

10.5.4. Chile Commercial Vehicle Tire Market Outlook

10.5.4.1. Market Size & Forecast

10.5.4.1.1. By Value & Volume

10.5.4.2. Market Size & Forecast

10.5.4.2.1. By Vehicle Type

10.5.4.3. Market Attractive Index (By Vehicle Type)

10.5.4.4. Import Tariff

11. Market Dynamics

11.1. Drivers

11.2. Challenges

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12. Market Trends & Developments

12.1. Sustaining Growth in Demand for Commercial Vehicles

12.2. Increasing Demand for Chinese Brand Tires

12.3. Growing Retread Tire Market

12.4. Expanding Demand for Radial Tires

12.5. Dominance of Asia-Pacific in Global LCV Tire Market

12.6. Increasing Demand for M&HCV Tires in North America

12.7. Expanding Network of Distributors & Dealers

12.8. Technological Advancement

13. Competitive Landscape

13.1. Compagnie Générale des Établissements Michelin (CGEM)

13.2. Bridgestone Corporation

13.3. The Goodyear Tire & Rubber Company

13.4. Continental Aktiengesellschaft

13.5. Pirelli & C. S.p.A.

13.6. The Yokohama Rubber Co., Ltd.

13.7. Sumitomo Rubber Industries, Ltd.

13.8. Hankook Tire Co. Ltd.

13.9. Cooper Tire & Rubber Company

13.10. Toyo Tire & Rubber Company

13.11. Apollo Tyres Ltd.

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13.12. Hangzhou Zhongce Rubber CO.,LTD.

13.13. Giti Tire Pte. Ltd.

13.14. Triangle Tyre Co. Ltd.

13.15. Titan Tire Corporation

13.16. JK Tyre & Industries Ltd.

13.17. MRF Limited

13.18. Cheng Shin Rubber Ind. Co., Ltd.

13.19. Nokian Tyres plc

13.20. Kumho Tire Co., Inc.

14. Strategic Recommendations

15. About Us & Disclaimer

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P r o d u c t O v e r v i e w

Global tire supplier Michelin defines tire as “A precisely engineered assembly of rubber,chemicals, fabric, and metal, designed to provide traction, cushion road shock andcarry a load under varying conditions.”

Classification According to Vehicle Type

Product Definition

Vehicle Segment Customer Segment

Light Commercial Vehicle(LCV)

Light commercial vehicles are motor vehicles with at least four wheels, used for the carriage of goods. Mass given in tons (metric

tons) is used as a limit between light commercial vehicles and heavy trucks. This limit depends on national and professional definitions

and varies between 3.5 tons and 7 tons.

Medium & Heavy Commercial Vehicle(M&CHV)

Medium & heavy commercial vehicles are vehicles intended for the carriage of goods, transport of passengers. Maximum authorised

mass is over the limit (ranging from 3.5 to 7 tons) of light commercial vehicles, i.e. 7 tons.

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R e s e a r c h M e t h o d o l o g y

A

C

B

Primary Research

Company Analysis

Desk Research

Identifying Key Opinion

Leaders

Questionnaire Design

In-depth Interviews

Market Participants

Key Strengths

Tire Portfolio

OEM Tie-ups

Recent

Developments

Market Changing

Aspects/Dynamics

Government

Policies

Final Conclusion

LinkedIn TechSci Internal

database

Factiva Hoovers

Paid Sources

Company Website Company Annual

Reports White Paper Study Financial Reports Investor

Presentations Regulatory Body,

Associations, etc.

Secondary Research

Primary Research

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

•In-depth secondary research was used todetermine top players in global commercialvehicle tire market, overall market size and toidentify top automobile tire manufactures.

Market Profiling

•In order to conduct industry experts interviews,TechSci formulated a detailed questionnaire.

Formulating Questionnaire

•List of industry players (manufacturers),distributors, retailers, and industry specialistswas developed.

Developing list of respondents

•TechSci conducted interviews with industryexperts, industry players, for data collection andverification.

Data Collection

•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.

Data Validation

•The data was scrutinized using MS-Excel andstatistical tools such as Time Series Analysis,etc. to obtain qualitative and quantitativeinsights about the global commercial vehicle tiremarket.

Data Analysis

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Baseline Methodology:

For the study, TechSci Research has gathered information through primary research surveys with leading globalcommercial vehicle tire suppliers, and subsequently, verified information from major distributors of commercialvehicle tires across the world. We also put through an exhaustive search of credible paid databases such as BusinessWeek, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated allthe collected information and presented the same in chronological order to depict a meaningful and clear picture ofthe global commercial vehicle tire market.

While compiling the data, we have also cross checked all the collected information from multiple sources and datawarehouses, so as to present the most accurate and precise information of the concerned industry.

Primary Research – Companies Dealers & Distributors Interviewed

Few of Sources of Secondary Research

S. No. Company Dealers & Distributor Names

1. The Goodyear Tire & Rubber Company

2. Continental AG

3 Bridgestone Corporation

4.Compagnie Générale des Établissements Michelin

5. Cooper Tire & Rubber Company

6. The Yokohama Rubber Co., Ltd.

7. Sumitomo Rubber Industries, Ltd.

8. Pirelli & C. S.p.A.

9. MRF Limited

10. JK Tyre & Industries Ltd.

S. No. Secondary Sources

1.Organisation Internationale des

Constructeurs d'Automobiles (OICA)

2. European Automobile Manufacturers' Association (ACEA)

3.Japan Automobile Tyre Manufacturers Association

(JATMA)

4.National Association of Automobile Manufacturers

(ANFAVEA) Brazil

5. Automotive Tyre Manufacturers Association (ATMA) India

6.Asociación de Fabricantes de Automotores (ADEFA)

Argentina

7.Associazione Nazionale Filiera Industrie Automobilistiche

(ANFIA) Italy

8. Company Website

9. International Monetary Fund (IMF)

10. World Bank

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R e s e a r c h M e t h o d o l o g y

For the preparation of global commercial vehicle tire report, bottom-up model has been used, whichhas been later on validated by using top down approach.

Commercial Vehicle Production, Sales & Fleet Size:

The basic data points that were required for the analysis of global commercial vehicle tire marketinclude historical and current figures for commercial vehicle production, sales and fleet size. Data forvehicle production, sales and fleet size has been extracted through various government sources,credible data portals and primary research. TechSci Research has maintained a database forcommercial vehicle production, sales and fleet size, which is regularly updated through various primaryresearch surveys and secondary sources such as automotive associations & government publications.

Tire Demand:

OEM Commercial Vehicle Tire Sales

OEM Commercial Vehicle tire demand has been calculated by multiplying the average number of tiresper commercial vehicle with the total number of commercial vehicles produced. For example, for theLight Commercial Vehicle segment, the average number of tires have been considered as five.

Replacement Commercial Vehicle Tire Sales

Replacement commercial vehicle tire demand of a particular country is directly dependent on thecountry’s commercial vehicle fleet size and historical commercial vehicle sales. Therefore, thereplacement demand is extracted by multiplying the commercial vehicle fleet with the replacement tireratio, which is obtained by conducting a series of surveys with commercial vehicle OEMs, distributorsand retailers; commercial vehicle tire manufacturers, distributors and retailers; and commercial vehicleusers, to understand the frequency of tire replacement, as it varies for different countries dependingupon factors such as road conditions, climate, economic and regulatory policies applicable in a country.The replacement ratio is expressed as a percentage; and is considered to be 100% if four tire isreplaced per vehicle per year.

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Example for replacement tire demand calculation in the Light Commercial Vehicle segment:

The calculated replacement tire demand data is further analyzed by TechSci Research through DelphiTechnique i.e. multiple rounds of telephonic interviews were conducted with commercial vehicle tirecompanies/dealers across the globe. The information thus gathered through primary interviews wascross-verified through industry experts and secondary sources such as annual reports and paiddatabases to generate meaningful results.

Total Tire Market

Forecast

For forecasting the numbers, we have used Time Series Analysis along with Regression Analysis,followed by judgmental analysis as certain factors would always differ from country to country such asinfrastructure condition, economic outlook, technology penetration, etc.

OEM Tire Sales + Replacement Tire Sales = Total Tire Market

LCV Fleet Size

(Volume)X

Replacement Ratio

(in %)X No. of Tires =

Replacement Tire

Demand

X X X% X 4 = X Tires

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I n d u s t r y B r i e f

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Commercial Vehicle Tire Market to Surpass $117 Billion by 2021

According to recently published TechSci Research report, “Global Commercial Vehicle Tire Market By VehicleType, By Demand Category, By Region, Competition Forecast & Opportunities, 2021”, the global market forcommercial vehicle tires is projected to cross $ 117 billion by 2021. Construction and logistics sectors are themajor demand generators of commercial vehicles across the globe. With the global logistics industrywitnessing an upward trend and having already crossed $ 4 trillion, and the global construction industryprojected to register revenues of $ 10 trillion by 2021, demand for commercial vehicle tires is expected toincrease over the next five years.

Light Commercial Vehicle (LCV) segment accounted for the largest share in the global commercial vehicle tiremarket in 2015, and the segment is anticipated to maintain its dominance over the next five years as well,owing to expanding demand for transportation services coupled with booming global e-commerce industry.In 2015, Asia-Pacific dominated the global commercial vehicle tire market, followed by North America, Europe& CIS Countries, Middle East & Africa and South America. With the launch of various infrastructure projectsby various governments in the APAC region, demand for commercial vehicle tires is anticipated to increase ata robust pace during 2016-2021.

“Over the last five years, Chinese tires have become highly popular across various countries. A similar trendhas been witnessed in the commercial vehicle tire industry, wherein, various Chinese companies such asHangzhou Zhongce Rubber, Triangle Tire, Shandong Linglong Tire, etc., have been able to capitalize on thegrowing opportunities in the global commercial vehicle tire market. Increasing availability of Chinesecommercial vehicle tires at relatively lower prices compared to premium flagship tire brands, is one of theprimary reasons for rising demand for Chinese commercial vehicle tires in the global commercial vehicle tiremarket.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based globalmanagement consulting firm.

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S a m p l e D a t a - S n a p s h o t

25 50 75 100 125175 200

225 250 275300

50 75 100 125 150200 225 250 275 300 325

Value (USD Billion) Volume (Million Unit)

Global Commercial Vehicle Tire Market Size, By Value

(USD Billion), By Volume (Million Unit), 2011-2021F

1% 1% 1% 1% 1% 1% 1%4% 4% 4% 4% 4% 4% 4%

9% 9% 9% 9% 9% 9% 9%

14% 14% 14% 14% 14% 14% 14%

19% 19% 19% 19% 19% 19% 19%

24% 24% 24% 24% 24% 24% 24%

29% 29% 29% 29% 29% 29% 29%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Others Chinese Michelin BridgestoneGoodyear Continental Pirelli

Global Commercial Vehicle Tire Market

Share, By Company, By Value, 2015-2021F

Global Commercial Vehicle Tire Market Attractiveness

Index, By Region, By Volume, 2016E-2021F

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

0.00 1.00 2.00 3.00

Asia-Pacific

North America

South AmericaEurope

& CIS

Middle East & Africa

China GDP Growth Rate, 2011-2015

1%

2%3%

4%5%

2011 2012 2013 2014 2015

1

2

3

2011 2015 2021F

Global Construction Industry Size,

By Value, 2011, 2015, 2016E (USD Trillion)

1

2

2011 2015

Global Logistics Industry

Size, By Value, 2011 & 2015

(USD Trillion)

Global Logistics Sector Share,

By Mode of Transportation, 2015

Roadways, 25.00%

Airways, 25.00%

Shipping, 25.00%

Railways & Others, …

50.00%50.00%

Logistics Sector Others

China Logistics

Sector Share in GDP, 2015

Japan Logistics

Sector Share in GDP, 2015

50.00%50.00%

Logistics Sector Others

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Report Name: Global Commercial Vehicle Tire Market By Vehicle Type, By Demand

Category, By Region, Competition Forecast & Opportunities, 2021

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Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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