Dallas, Texas (PRWEB) September 18, 2014
One key trend emerging in this market is the intense competition among the major vendors in the market. The truck, bus, and mid-sized segment vehicles have been experiencing a steady adoption of radial tires in recent years.
Analysts forecast the Low Rolling Resistance Truck and Bus Radial Tire market in Europe to grow at a CAGR of 6.23 percent over the period 2013-2018. According to the report, the increased focus on environmental-friendly tires is a major factor propelling the growth of the Low Rolling Resistance Truck and Bus Radial market in Europe. The European Union government has introduced stringent norms to decrease harmful emissions from trucks and buses.
Tires are an integral component of vehicles and are manufactured using raw materials such as natural rubber, nylon, tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are also used in manufacturing tires. Low rolling resistance tires are essentially green tires, and their usage enhances fuel efficiency, vehicle performance, and safety. It also helps to reduce vehicular emissions.
Covered in this Report:
The Low Rolling Resistance Truck and Bus Radial Tire Market in Europe 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Europe; it also covers the Low Rolling Resistance Truck and Bus Radial Tire market in Europe landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Low Rolling Resistance Truck and Bus Radial Tire Market in Europe: Apollo Vredestein BV, Bridgestone Corp., Compagnie Generale des Etablissements Michelin SCA, Continental AG and The Goodyear Tire and Rubber Co.
Other Prominent Vendors in the market are: Carlisle, Cooper Tire and Rubber, Falken Tire, Hankook Tire Worldwide, Kumho Tire, Maxxis International, Nokian Tyres, Pirelli, Sumitomo Rubber Industries, The General Tire and Rubber Company, Toyo Tire & Rubber and Yokohama Rubber.
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- Increased Focus on Environment-friendly Tires
- For a full, detailed list, view our report
- Intense Competition among Vendors
- For a full, detailed list, view our report
Further, the report states that one of the major challenges in this market is the high cost of low rolling radial tires. These tires are more expensive when compared with the other normal tires for buses and trucks. The manufacturers are unable to keep their product prices low because of the increased price of raw materials; thus customers are not able to afford to replace normal tires with low rolling radial tires.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Low Rolling Resistance Radial Tire End-users
Exhibit 3: Low Rolling Resistance Truck and Bus Radial Tire Market in Europe 2013-2018 (US$ billion)
Exhibit 4: Low Rolling Resistance Truck Radial Tire Market in Europe by Geographical Segmentation 2013 (unit shipments)
Exhibit 5: Low Rolling Resistance Bus Radial Tire Market in Europe by Geographical Segmentation 2013 (unit shipments)
Exhibit 6: Low Rolling Resistance Mid-sized Commercial Vehicle Radial Tire Market in Europe by Geographical Segmentation 2013 (unit shipments)
Exhibit 7: Apollo Vredestein: Product Segmentation
Exhibit 8: Bridgestone: Business Segmentation
Exhibit 9: Bridgestone : Revenue Segmentation of Business 2013
Exhibit 10: Bridgestone: Revenue Segmentation by Geography 2013
Exhibit 11: Michelin: Business Segmentation
Exhibit 12: Michelin: Revenue by Business Segmentation 2013
Exhibit 13: Michelin: Revenue by Geographical Segmentation 2013
Exhibit 14: Continental: Business Segmentation 2013
Exhibit 15: Continental: Revenue by Geographical Segmentation 2013
Exhibit 16: Continental: Revenue by Business Segmentation 2013
Exhibit 17: Revenue Segmentation of the Automotive Group by Geography 2013
Exhibit 18: Revenue Segmentation of the Rubber Group by Geography 2013
Exhibit 19: Goodyear: Business Segmentation
Exhibit 20: Goodyear: Annual Tire Unit Sales by Geography 2013
Exhibit 21: Goodyear: Annual Tire Unit Sales by Customer Segmentation 2013
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