Air Sea Logistics & Automotive Transportation News

New report shares details about the Global commercial vehicle tires market statistics, facts and figures by 2023

Transport Market Research

Growing developments in construction sector, revival of mining industry, huge spending on infrastructure construction projects and mining activities are some key factors fostering the market growth.

- Advertising -

According to Stratistics MRC, the Global Commercial Vehicle Tires market is estimated at $XX million in 2016 and is expected to reach $XX million by 2023 growing at a CAGR of XX% from 2016 to 2023. 

Moreover, emergence of self-inflating tires is one of the most recent trends that will gain traction in the global market.

Browse the report:…outlook-2017-2023

Amongst Vehicle Types, Light commercial vehicle (LCVs) segment acquired largest market share during the forecast period.

- Advertising -

The growth is due to high growth in e-commerce logistics and transportation industries.

In addition, the sales of these vehicles are increasing around the globe due to the availability of attractive financing programs. Asia Pacific will be the main revenue contributor to the market.

The region has a high demand for trucks owing to the increasing number of industrial activities and water distribution network which will then increase the demand for the market.

Some of the key players in the market include Bridgestone, Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd., Hankook Tire Co.

Ltd., Sumitomo Rubber Industries, Ltd., Continental Aktiengesellschaft, MRF Limited, Apollo Tyres Ltd., Michelin, Triangle Tyre Co. Ltd., Toyo Tire & Rubber Company, The Goodyear Tire & Rubber Company, Kumho Tire Co., Inc., JK Tyre & Industries Ltd., Giti Tire Pte Ltd.

and Bridgestone Corporation.

Request a sample of the report:

Vehicle Types Covered:
Medium and heavy commercial vehicle (M&HCVs)
Light commercial vehicle (LCVs)

Regions Covered:
North America
Rest of Europe
Asia Pacific
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
South Africa

News From

Orbis Research - Rendering Conscientious ResearchOrbis Research
Category: Market Research Publishers and RetailersCompany profile: Orbis Research ( is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...