Report Overview:
The following report titled “Mexico Truck & Bus Radial Tire Market: By Type of Vehicle (Truck & Bus), By Application (Public Transport, General Cargo Transport, Chemicals Transportation, Others), By Demand Type (OEMs & Aftermarkets) and other forecast 2021-2026” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Mexico Truck & Bus Radial Tire Market Summary
The “Mexico Trucks & Buses Radial (TBR) Tire Market” is projected to grow at a CAGR of around 2.50% during the forecast period 2021-26, says MarkNtel Advisors. The prime factors supporting the rapid growth include the increasing sales of trucks & buses due to improving connectivity and the awareness about tire health & timely maintenance. Hence, it is surging the need for aftermarkets to provide radial tires & services across the country, thereby benefiting the market growth.
Report Coverage & Details
- Forecast Period: 2021-2026
- Base Year: 2020
- CAGR: 2.50%
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Mexico Truck & Bus Radial Tire Market Driver:
The prominent factors that are likely to drive the Mexico Trucks & Buses Radial (TBR) Tire Market include the increasing dependency on the internet, thereby gaining momentum through digital retailing and product launches through online portals apart from the third-party stores.
Besides, the introduction of intelligent & integrated tires with sensors shall also gain substantial popularity in the forecast period, thereby augmenting the market growth. Furthermore, the rapidly growing awareness about tire health and the need for its timely maintenance, particularly among fleet owners, to avoid vehicle breakdown shall further boost the market significantly in the forecast period.
Segmentation Analysis: Mexico Truck & Bus Radial Tire Market
By Type of Vehicle
- Truck
- Bus
By Application
- Public Transport
- General Cargo Transport
- Chemicals Transportation
- Others
By Demand Type
- OEMs
- Aftermarket
By Price Category
- Budget
- Premium
- Economy
By Rim Size
- Up to 20”
- 1 to 22.5”
- Above 22.5”
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Leading Players Analysis: Mexico Truck & Bus Radial Tire Market
The report provides detailed analysis of key players in the Mexico Truck & Bus Radial Tire market, highlighting their strategies and competitive scenario.
- Goodyear
- Pirelli
- Continental
- Yokohama
- Michelin
- Bridgestone
- JK Tires
- Sumitomo
- Hankook
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