Global Bias Tire Market 2017 – 2025: Industry Size, Share, Growth, Forecasts

Latest industry research report on: Global Bias Tire Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

Automobile is a dominant industry in the world and is growing at a significant pace. Tires are an integral component of the automobile industry. A tire is a ring-shaped or circular component that surrounds the rim of the wheel in a vehicle. Tires transfer the total load of the vehicle from its axles to the ground through the wheel and also provide traction over the surface travelled. Most of the tires are pneumatically inflated which serve as a flexible cushion that absorbs shocks when the tire rolls over a rough surface. Tires are made of fabric, wires, natural rubber, and synthetic rubber along with several chemical compounds such as carbon black. A tire consists of a body that serves as a containment vessel for compressed air, and a tread that provides traction to it. Tires are of two types: bias and radial.

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Bias tires have been in use since the 19th century, much prior to the radial tires. Bias tires are manufactured through an old technology which renders the tires with high load capacities at low costs. However, the technology is known to compromise on the longevity and uniformity in shape of the tires.

By type of manufacturing, the bias tire market can be segmented into general bias tires and bias-belted tires. General bias tires are constructed by utilizing body ply cords that extend from beads to beads diagonally, and also by laying down of successive plies at opposing angles in a crisscross pattern and the tread is applied to this pattern. The design of general bias tires allows the complete tire body to flex with ease, thus providing a smooth ride over rough and uneven surfaces. Bias-belted tires, however, are constructed by putting a stabilizer belt bonded beneath the tread to two or more bias plies. This method of construction renders smooth ride to bias-belted tires, similar to that of general bias tires. However, bias-belted tires have low rolling resistance due to the increased tread stiffness caused by the stabilizer belt.

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By application, the bias tire market can be divided into passenger cars, trucks, and others. The passenger cars application segment consists of cars that run on bias tires. The truck application segment comprises heavy-duty trucks and lorries that run on bias tires and have to mostly ply off-road. The others application segment includes trailers, aircraft, and other vehicles using bias tires for their operations.

Based on region, the bias tire market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, primarily due to the rise in the automobile industry in the region, especially in the developing countries such as India and China. Asia Pacific is also anticipated to expand at a substantial pace during the forecast period. North America and Europe have reached the stage of maturity in bias tires and are anticipated to have slow growth during the forecast period.

Some of the key companies operating in the bias tire market are Bridgestone Corporation, MICHELIN, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., JK TYRE & INDUSTRIES LTD, Sumitomo Tires, THE YOKOHAMA RUBBER CO.,LTD., Continental AG, Cooper Tire & Rubber Company, Giti Tire, and Hankook Tire.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

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