The global bias tire market size is predicted to hit around US$ 9 Bn by 2030, growing at a noteworthy CAGR of 4.1% during the forecast period 2021 to 2030.
Rise in sale of passenger and commercial vehicles across the globe is likely to propel the bias tire market across the globe. In addition, increase in small- and medium-scale industries across the globe is expected to boost manufacturing industries, which, in turn, is projected to fuel the bias tire market across the globe. The rate of adoption of agriculture tractors and equipment has increased globally. The surge in the affordability of tractors and income of farmers are driving the demand for bias tires for agriculture tractors, which is anticipated to boost the bias tire market across the globe.
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Bias Tire Market (By Type: General Bias Tire and Bias Belted Tire; By Vehicle Type, By Tire Size, By Sales Channel: OEM and Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook and Forecast 2021 – 2030
Key Players
Prominent players operating in the global bias tire market include Bridgestone Corporation, MICHELIN, The Goodyear Tire & Rubber Company, Continental AG, Cooper Tire & Rubber Company, YOKOHAMA Rubber CO. Ltd., Pirelli & C S.p.A., JK Tire & Industries Ltd, Sumitomo Tires, Giti Tires, Hankook Tire & Technology Co. Ltd., KUMHO Tire, Apollo Tyres Ltd., Nokian Tyres, Toyo Tires, ZC Rubber, and BKT Tire.
Market Segmentation
Research Methodology
This report on the bias tire market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the bias tire market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the bias tire market arrive at predictions and estimations, and calculate the forecast for the market.
This report uses an analytical triangulation method to estimate the numbers and figures of the bias tire market, with both a bottom-up and top-down approach.
This detailed assessment of the bias tire market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the bias tire market is estimated to expand are based on carefully vetted primary and secondary sources.
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