The Port & Industrial Tire by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Port & Industrial Tire Market:
https://www.thebusinessresearchcompany.com/report/port-and-industrial-tire-global-market-report
According to The Business Research Company’s Port & Industrial Tire, The
port & industrial tire market size has grown strongly in recent years. It
will grow from $8.06 billion in 2023 to $8.64 billion in 2024 at a compound
annual growth rate (CAGR) of 7.2%.
The growth in the historic period
can be attributed to global trade expansion, growing industrialization and
infrastructure, automotive industry growth, supply chain optimization,
replacement and maintenance cycles.
The port & industrial tire market size is expected to see strong growth in
the next few years. It will grow to $11.36 billion in 2028 at a compound annual
growth rate (CAGR) of 7.1%. The growth
in the forecast period can be attributed to e-commerce expansion, focus on
sustainability, automation in material handling, global infrastructure
projects, trade and tariff policies, pandemic recovery. Major trends in the
forecast period include global trade dynamics, technological advancements in
tire design, automation and robotics in material handling, focus on safety and
environmental standards, e-commerce growth and last-mile delivery.
The increased import and export activities are expected to propel the growth of
the port & industrial tire market going forward. Exporting is the sale of
goods and services to a foreign country. Importing, on the other hand, is the
act of getting products from outside and bringing them into one's own country.
Port and industrial tires are primarily used in material handling and the
trading of shipments from one place to another in port area, that require
sturdy tires for global trading activities. For instance, in February 2022,
according to the Global Trade report shared by the United Nations Conference On
Trade And Development (UNCTAD), a Switzerland-based intergovernmental
organization within the United Nations Secretariat, in 2021, global trade
rebounded from the pandemic, increasing by more than $6 trillion from 2020 to a
record high of more than $28 trillion. This represents a 25% increase over 2020
and a 13% increase over 2019. Therefore, the increased import and export
activities are driving the growth of the port & industrial tire market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=9512&type=smp
The port & industrial tire market covered in this report is segmented –
1) By Tire Type: Solid Tire, PU Tires, Cushion Tires, Pneumatic Tires
2) By Vehicle Type: Stacker, Lift Truck, Terminal Tractor, Electric Forklift,
IC Engine Forklift, IC Engine Industrial Trucks
3) By Sales Channel: OEM, Aftermarket
4) By Application: Forklift, Large Industrial Trucks, Hand Trucks, Pallet
Trucks, Dump Trucks
Product innovations are a key trend gaining popularity in the port &
industrial tire market. Major companies operating in the port & industrial
tire market are focused on developing new innovative solutions to strengthen
their position in the market. For instance, in March 2022, The Goodyear Tire
& Rubber Company, a US-based tire manufacturing company, launched the new
Endurance RSA ULT and Fuel Max RSA ULT, innovative specialized tires for
last-mile delivery fleets and other commercial and industrial activities. Fuel
Max RSA ULT is Goodyear's premium 19.5-inch with new features including
Goodyear's Fuel Max Technology, a tread compound that provides low rolling
resistance for increased fuel efficiency, longer wear, and a cheaper cost per
mile. Endurance RSA ULT features IntelliMax Rib Technology, stiffens tire
tread, giving it extra durability for deliveries.
The port & industrial tire market report table of contents includes:
1. Executive Summary
2. Port
& Industrial Tire Market Characteristics
3. Port
& Industrial Tire Market Trends And Strategies
4. Port
& Industrial Tire Market - Macro Economic Scenario
5. Global
Port & Industrial Tire Market Size and Growth
.
31. Global Port & Industrial Tire Market Competitive Benchmarking
32. Global
Port & Industrial Tire Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Port & Industrial Tire Market
34. Port
& Industrial Tire Market Future Outlook and Potential Analysis
35.
Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment