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Bias Tire market Market | Growth Insights, Share with Global forecast to 2021-2027

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The global Bias Tire market size is expected to surpass around US$ 8.62 billion by 2027 and the market is expected to garner growth at a CAGR of 3.45% over the forecast period 2021 to 2027.

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Growth Factors:

The demand within the global bias tire market is a function of advancements in automobile engineering. The use of bias tires across a multitude of vehicles open organic pathways for growth and development for the vendors operating in this market. It is worthwhile to note that the relevance of bias tires in the domain of automobile engineering stems from the safety, performance enhancement, and durability offered by these tires. Moreover, these tires have found to perform better than radial tires in terms of various key aspects. Over the course of the next decade, the use of bias tire is slated to increase at a stellar pace across various parts of the world.

Bias Tire Market: Dynamics

Growing acquisition and agreements among leading tire manufacturers across the globe are boosting the bias tire market across the globe. In 2019, MICHELIN acquired 20% stake in a retailer PT Penta Artha in partnership with Indomobil and other private investors. The acquisition of the retailer is estimated to boost the marketing and sales of MICHELIN in Indonesia. China witnessed a surge in both general trade volume and proportion, escalating to 15.70 Trn Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

Based on vehicle type, the global bias tire market has been segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, construction & mining vehicle, agriculture tractor, and industrial vehicle. Agriculture vehicle is likely to be a highly lucrative segment during the forecast period. The rise in demand for agriculture tractors is estimated to drive the demand for bias tire across the globe. In terms of type, the bias belted tire segment accounted for a significant share of the global bias tire market. Rise in construction activities across the globe is likely to increase the demand for heavy vehicles, which is anticipated to boost the bias tire market across the globe.

Segmentation of Bias Tire Market analysis:

The global bias tire market has been segmented based on type, vehicle type, tire size, sales channel, and region

Based on type, the bias belted tire segment dominated the global bias tire market. Bias belted tires provide smoother ride on rough surfaces compared to general bias tires. Additionally, bias belted tires are less expensive compared to other types of tires. Followed by the bias belted segment, the general bias tire segment is also estimated to hold a major share, in terms of revenue, during the forecast period.

In terms of vehicle type, the agriculture tractor segment held a major share of the global bias tire market. Rise in demand for agriculture tractors across the globe is likely to increase the demand for bias tires, as they possess high load carrying capacity, which in turn is likely to propel the bias tire market across the globe.

Regional Analysis:

In terms of region, the global bias tire market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global bias tire market in 2020. It is anticipated to hold a leading market share during the forecast period, due to rise in automotive industry across the globe. North America is also anticipated to hold a significant share, in terms of revenue, of the global market during the forecast period.

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Recent report on the Bias Tire market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Bias Tire market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Bias Tire market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Bias Tire market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Bias Tire market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Bias Tire market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Bias Tire market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Bias Tire market is analyzed at both regional and country levels.

Some of the prominent players in the 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.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Market: Segmentation

  • Bias Tire Market, by Type
    • General Bias Tire
    • Bias Belted Tire
  • Bias Tire Market, by Vehicle Type
    • Passenger Vehicle
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
    • Construction & Mining Vehicle
    • Agriculture Tractor
    • Industrial Vehicle
  • Bias Tire Market, by Tire Size
    • 20-22″
    • 23-50″
    • >50″
  • Bias Tire Market, by Sales Channel
    • OEM
    • Aftermarket

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Bias Tire market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Bias Tire market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Bias Tire market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Bias Tire Market, By Type

7.1. Bias Tire Market, by Type, 2021-2027

7.1.1. General Bias Tire

7.1.1.1. Market Revenue and Forecast (2016-2027)

7.1.2. Bias Belted Tire

7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Bias Tire Market, By Vehicle Type

8.1. Bias Tire Market, by Vehicle Type, 2021-2027

8.1.1. Passenger Vehicle

8.1.1.1. Market Revenue and Forecast (2016-2027)

8.1.2. Light Commercial Vehicle

8.1.2.1. Market Revenue and Forecast (2016-2027)

8.1.3. Heavy Commercial Vehicle

8.1.3.1. Market Revenue and Forecast (2016-2027)

8.1.4. Construction & Mining Vehicle

8.1.4.1. Market Revenue and Forecast (2016-2027)

8.1.5. Agriculture Tractor

8.1.5.1. Market Revenue and Forecast (2016-2027)

8.1.6. Industrial Vehicle

8.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Bias Tire Market, By Tire Size

9.1. Bias Tire Market, by Tire Size, 2021-2027

9.1.1. 20-22″

9.1.1.1. Market Revenue and Forecast (2016-2027)

9.1.2. 23-50″

9.1.2.1. Market Revenue and Forecast (2016-2027)

9.1.3. >50″

9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10.Global Bias Tire Market, By Sales Channel

10.1. Bias Tire Market, By Sales Channel, 2021-2027

10.1.1. OEM

10.1.1.1. Market Revenue and Forecast (2016-2027)

10.1.2. Aftermarket

10.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 11.Global Bias Tire Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2016-2027)

11.1.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.1.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.1.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Type (2016-2027)

11.1.5.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.1.5.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.1.5.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Type (2016-2027)

11.1.6.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.1.6.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.1.6.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2016-2027)

11.2.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.2.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Type (2016-2027)

11.2.5.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.5.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.2.5.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Type(2016-2027)

11.2.6.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.6.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.2.6.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Type (2016-2027)

11.2.7.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.7.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.2.7.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Type (2016-2027)

11.2.8.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.8.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.2.8.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2016-2027)

11.3.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.3.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Type (2016-2027)

11.3.5.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.5.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.3.5.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Type (2016-2027)

11.3.6.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.6.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.3.6.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Type (2016-2027)

11.3.7.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.7.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.3.7.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Type (2016-2027)

11.3.8.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.8.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.3.8.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2016-2027)

11.4.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.4.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Type (2016-2027)

11.4.5.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.5.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.4.5.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Type (2016-2027)

11.4.6.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.6.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.4.6.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Type (2016-2027)

11.4.7.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.7.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.4.7.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Type (2016-2027)

11.4.8.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.8.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.4.8.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2016-2027)

11.5.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.5.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.5.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Type (2016-2027)

11.5.5.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.5.5.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.5.5.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Type (2016-2027)

11.5.6.2. Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.5.6.3. Market Revenue and Forecast, by Tire Size (2016-2027)

11.5.6.4. Market Revenue and Forecast, By Sales Channel (2016-2027)

Chapter 12. Company Profiles

12.1. Bridgestone Corporation

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. MICHELIN, The Goodyear Tire & Rubber Company

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Continental AG

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Cooper Tire & Rubber Company

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. YOKOHAMA Rubber CO. Ltd.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Pirelli & C S.p.A.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. JK Tire & Industries Ltd

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Sumitomo Tires

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Giti Tires

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Hankook Tire & Technology Co. Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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