Press Release Description

Mexico Truck & Bus Radial (TBR) Tire Market to grow at a CAGR of 2.50% in the forecast period of 2016-26

According to MarkNtel Advisors' research report, the Mexico Truck & Bus Radial (TBR) Tire Market is likely to grow at a CAGR of 2.50% in the forecast period of 2021-26. The prime factor supporting the market growth is the extensive road connectivity across the country, significantly stimulating the production of trucks & buses and directly propelling the tire market growth. 

Besides, the varying sizes & shapes of the trucks & busses leading manufacturers to produce a wide range of tires, entwined with the availability of several manufacturing industries shall also boost the Mexico truck & Bus Radial (TBR) Market in the forecast period, further states the research report, "Mexico Truck & Bus Radial (TBR) Tire Market Analysis, 2021."

Trucks to Dominate with the Largest Share of the Mexico Truck & Bus Radial (TBR) Tire Market

Based on the Type of Vehicle, the Mexico Truck & Bus Radial (TBR) Tire Market segments into Trucks & Buses. Of both, Trucks are more likely to dominate the market with the largest share in the forecast period, mainly due to the skyrocketing production of Medium & Heavy Duty Trucks to transport goods in bulk across the country. Additionally, owing to their massive utilization, these trucks are in constant need of timely repairs & replacements, thereby likely to surge the demand for radial tires substantially. 

Expansion of E-Commerce and Transportation & Logistics to Penetrate the Mexico TBR Tire Market

With an increasing number of trucks & busses on the road and a rising demand for medium-duty trucks for pickup & delivery, small utility bodies, service bodies, etc., applications, the transportation & logistics sector is witnessing consistent developments over the years. Besides, the surging inclination of consumers toward the virtual world is encouraging manufacturers to strengthen their e-commerce & logistical chains, thereby incorporating more trucks in the fleet and accelerating the demand for TBR tires in Mexico.

Key Market Competitors:

According to MarkNtel Advisors, the leading players in the Mexico Truck & Bus Radial (TBR) Tire Market are Goodyear, Pirelli, Continental, Yokohama, Michelin, Bridgestone, JK Tires, Sumitomo, Hankook, Others.

Key Questions Answered in the Study

  1. What are the current and future trends in the Mexico Truck & Bus Radial (TBR) Tire Market?
  2. How has the industry been evolving in terms of geography and services adoption?
  3. How has the competition been shaping across Mexico, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Mexico Truck & Bus Radial (TBR) Tire Market?
  5. What are the customer orientation, purchase behavior, and expectations from Truck & Bus Radial (TBR) Tire providers across Mexico?

Market Segmentation:

  1. By Type of Vehicle (Truck & Bus)
  2. By Application (Public Transport, General Cargo Transport, Chemicals Transportation, Others)
  3. By Demand Type (OEMs & Aftermarkets)
  4. By Price Category (Budget, Premium, and Economy)
  5. By Rim Size (Up to 20”, 20.1 to 22.5”, Above 22.5”)
  6. By Type of Truck (Medium Commercial Trucks, Heavy Trucks, Ultra Heavy Trucks)
  7. By Truck Application (General Cargo Transport, Chemicals Transportation, Crude Oil Transportation, Others)
  8. By Type of Bus (Medium Weight Bus & Heavy Buses)
  9. By Bus Application (Intercity Transport & Intra City Transport)
  10. By Competitors (Goodyear, Pirelli, Continental, Yokohama, Michelin, Bridgestone, JK Tires, Sumitomo, Hankook, Others)