Increasing preference for better infrastructure facilities among the urban population has led to surge in the number of construction projects.
With the growing urban population, demand for constructing commercial spaces, residential complexes, and multiplexes is expected to remain high.
Growing need for constructing commercial and residential buildings has led to surge in demand for earthmoving equipment in the construction industry significantly.
Increasing demand for earthmoving equipment such as loaders, excavators, and construction tractors is expected to rev up demand for the earthmoving equipment tyres in the construction industry.
According to Fact.MR, the global earthmoving equipment tyres market is expected to represent a value of over US$ 16,100 Mn by the end of 2026. In terms of volume, the global earthmoving equipment tyres market is expected to reach over 1,800 Mn units during the forecast period.
Increasing Number of Construction Projects to Boost Demand
As the requirement for developing infrastructure in various cities continues to remain high, the ruling authorities are increasingly investing on construction of roads, highways, flyovers, and buildings.
Rise in the urban population has also led to increase in demand for building construction projects globally.
In addition, government in various countries are developing strategies to accommodate majority of their citizens within the safe confines of residential complexes with enhanced infrastructure facilities.
In order to encourage development of smart cities, the ruling authorities are allocating funds to incorporate smart technological solutions for flyover, highways, buildings, streets, and roads.
Increasing number of construction projects in various countries will continue to rope in demand for earthmoving equipment, which in turn is expected to reflect positively towards growth of the global market.
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Intelligent Technological Advancements to Impact the Global Market Growth
As technological upgradation continues to remain the need of the hour, manufacturers are focusing on incorporating leading technological advancements in the earthmoving equipment globally.
Through incorporation of the advanced technological features such as intelligent communication system in the earthmoving equipment tyres, the leading companies in the construction equipment industry are looking to expand their customer base and gain a competitive edge in the global market.
Integration of the intelligent communication systems in the earthmoving equipment tyres allows the end users to monitor information regarding the diesel level, hydraulic oil filter clogging, engine oil pressure, and air filter clogging.
Increasing integration of technological advancements in the earthmoving equipment tyres is expected to reflect positively towards growth of the global earthmoving equipment tyres market during the forecast period.
Radial Tyre to Represent a Leading Segment
Growing need for tracked vehicles for moving large objects or digging purposes has led to surge in demand for crawler excavator in the construction industry.
On the basis of vehicle type, the backhoe loaders segment is expected to represent a significant revenue growth, accounting for a value of over US$ 4,400 Mn by the end of 2026. Also, the backhoe loaders segment is expected to register a healthy CAGR throughout the forecast period.
Based on tyre type, the radial segment is expected to generate significant revenues, recording a value of over US$ 7,100 Mn by the end of 2017. In addition, the radial tyres type segment is expected to register a robust CAGR during the forecast period.
By rim size, the 35-50 segment is expected to witness the highest revenue growth, accounting for a value of over US$ 5,800 Mn by the end of 2026. Moreover, the 35-50 rim size segment is expected to register the highest CAGR throughout the forecast period.
On the basis of sales channel, the aftermarket segment is expected to represent a robust revenue growth, recording a value of over US$ 6,300 Mn by the end of 2017.
On the other hand, the aftermarket sales channel segment is expected to register a significant CAGR during the forecast period.
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Leading market players operating in the global earthmoving equipment tyres market include
- Zodiac Aerospace Group
- RECARO Aircraft Seating GmbH & Co. KG
- B/E Aerospace Inc
- JAMCO Corporation
- Aviointeriors S.p.A
- Acro Aircraft Seating, Geven S.p.A, Mirus Aircraft Seating Ltd
- Thompson Aero Seating Ltd
- ZANKER PROMOTION GMBH.
Earthmoving Equipment Tyres Market Scope Of The Market
Growing need for constructing buildings, roads and highways has led to surge in demand for the earthmoving equipment globally. Surge in demand for earthmoving equipment such as loaders and crawlers is expected to impact growth of the global earthmoving equipment tyres market positively.
This Fact.MR report discusses key prospects for growth of global earthmoving equipment tyres market during the forecast period, 2017-2026, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
The scope of the report is to analyze the global earthmoving equipment tyres market for the period 2017-2026 and give readers an accurate, unbiased analysis.
Earthmoving equipment tyres manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
The report begins with a concise summary of the global earthmoving equipment tyres market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global earthmoving equipment tyres market.
The next section is an overview of the global earthmoving equipment tyres market. This includes the introduction to the market and a standard definition of the product – earthmoving equipment tyres.
In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global earthmoving equipment tyres market.
Considering the interconnectedness of the earthmoving equipment tyres market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global earthmoving equipment tyres market, the report offers readers a roundup of the latest trends impacting the market.
As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the broad scope of global earthmoving equipment tyres market, the report includes a segment-wise analysis and forecast. The global earthmoving equipment tyres market is segmented into – vehicle type, tyre type, rim size, sales channel, and region.
Through this section, the report offers an in-depth country-wise forecast on every parameter associated with earthmoving equipment tyres.
The concluding section of the report profiles companies operating in the global earthmoving equipment tyres market.
Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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