Underground Mining tire is a kind of tire used by Underground mining equipment, such as mining truck, mining loader, etc.
In the coming years there is an increasing demand for Mining Tire in the regions of United States and Europe that is expected to drive the market for more advanced Mining Tire. Growth in government budgets in the principal countries, increasing of mining fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Mining Tire will drive growth in United States and Europe markets.
Due to the COVID-19 pandemic, the global Underground Mining Tire market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Underground Mining Tire market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Underground Mining Tire landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Rim DiameterBelow 49 inch accounting for % of the Underground Mining Tire global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Truck segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Underground Mining Tire include Bridgestone, Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber and Guizhou Tire, etc. In terms of revenue, the global 3 largest players have a % market share of Underground Mining Tire in 2021.
This report focuses on Underground Mining Tire volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Underground Mining Tire market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Underground Mining Tire Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Rim DiameterBelow 49 inch
Rim DiameterAbove 49 inch
Segment by Application
Truck
Loader
Bulldozer
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Bridgestone
Michelin
Titan Tire
Chem China
Yokohama
Goodyear
Continental
Zhongce Rubber
Guizhou Tire
BKT
Double Coin Holdings
Apollo Tyres
Triangle Tyre
Techking Tires