By Type of Vehicle (Light Trucks, Light Buses, Pick-Up Trucks & Vans), By Demand Type (OEM, Replacement), By Type of Tire (Radial, Bias), By Tube Type (Tubed, Tubeless), By Price C......ategory (Budget (Up to USD 120), Economy (USD 121- USD 200), Premium (Above USD 200)), By Rim Size (Up to 15”, 15.1” to 16”, 16” to 17”, 17” to 18”, Above 18”), By End-User (Agricultural Transportation, Dairy and Meat Transportation, E-commerce, Others (Public Transportation, FMCG Transportation, etc.)), By Region (North, Northeast, South, Southeast, Center-West), By Competitors (Bridgestone,Continental,Michelin,Goodyear,Pirelli,Yokohama,Apollo,Others) Read more
- Tire
- Jul 2021
- 98
- PDF, Excel, PPT
Light Commercial Vehicles are referred to as vehicles with gross weight ranging between 3.5-15 metric tons. It includes pickup trucks, three-wheelers, and minivans. These vehicles are used majorly for the transportation & distribution of goods over a short distance.
The "Brazil Light Commercial Vehicle Tire Market" is likely to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth primarily attributes to the burgeoning usage of light trucks to transport perishables like food & beverage. In addition to this, the rapidly expanding e-commerce industry, which is heavily reliant on light commercial vehicle tires for intercity and intra-city transportation, etc., is another significant factor fueling the growth of the Light Commercial Vehicle Tire Market in Brazil.
The research report, "Brazil Light Commercial Vehicle Tire Market Analysis, 2021," depicts a deep-dive market analysis of market statistics, including regional & country-wise market size, market forecast, CAGR & market share of different segments, competitive benchmarking, and key market drivers & restraints.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR(2021-26) | 8% |
| Key Companies Profiled | Bridgestone,Continental,Michelin,Goodyear,Pirelli,Yokohama,Apollo,Others |
| Unit Denominations | USD Million/Billion |
COVID-19 Pandemic Negatively Impacted the Market Growth
Last year, the spread of the Covid-19 pandemic negatively impacted numerous businesses across Brazil, and the Light Commercial Vehicles Market was no exception, with their sales dropping down by more than 20% YoY. It was mainly due to the suspension of LCV production units and supply chain disruptions. However, with the lockdown upliftment and ease of norms, the market is recovering gradually and shall witness substantial growth in the coming years, thereby booming the sales of LCVs across the country.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of COVID-19 on Brazil Light Commercial Vehicle Tire Market
- Brazil Light Commercial Vehicle Tire Market Trends & Insights
- Brazil Light Commercial Vehicle Tire Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- Brazil Light Commercial Vehicle Tire Market Hotspot & Opportunities
- Brazil Light Commercial Vehicle Tire Market Key Strategic Imperatives for Success and Growth
- Brazil Light Commercial Vehicle Tire Market Import Export Statistics
- Brazil Light Commercial Vehicle Tire Market Policies & Regulations
- Import Tariff
- Anti- Dumping Duties
- Manufacturing Regulations
- Brazil Light Commercial Vehicle Tire Market Outlook 2016-2026F
- Market Size & Analysis
- Market Revenues
- Units Sold
- Market Share & Analysis
- By Type of Vehicle
- Light Trucks
- Light Buses
- Pick-Up Trucks & Vans
- By Demand Type
- OEM
- Replacement
- By Type of Tire
- Radial
- Bias
- By Tube Type
- Tubed
- Tubeless
- By Price Category
- Budget (Upto USD 120)
- Economy (USD 121- USD 200)
- Premium (Above USD 200)
- By Rim Size
- Upto 15”
- 15.1” to 16”
- Above 16”
- By End User
- Agricultural Transportation
- Dairy and Meat Transportation
- Ecommerce
- Others (Public Transportation, FMCG Transportation, etc)
- By Region
- Northeast
- South
- Southeast
- Center-West
- By Competitors
- Competition Characteristics
- Units sold, By Competitors
- Competitive Matrix
- By Type of Vehicle
- Market Size & Analysis
- Brazil Light Truck Tire Market Outlook 2016-2026F
- Market Size & Analysis
- By Revenues
- Unit Sold
- Market Share & Analysis
- By Demand Type
- By Type of Tire
- By Tube Type
- By Price Category
- By Rim Size
- By End User
- Market Size & Analysis
- Brazil Light Bus Tire Market Outlook 2016-2026F
- Market Size & Analysis
- By Revenues
- Unit Sold
- Market Share & Analysis
- By Demand Type
- By Type of Tire
- By Tube Type
- By Price Category
- By Rim Size
- By End User
- Market Size & Analysis
- Brazil Light Pickup Trucks and Vans Tire Market Outlook 2016-2026F
- Market Size & Analysis
- By Revenues
- Unit Sold
- Market Share & Analysis
- By Demand Type
- By Type of Tire
- By Tube Type
- By Price Category
- By Rim Size
- By End User
- Market Size & Analysis
- Competition Outlook
- Competition Matrix
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- Bridgestone
- Continental
- Michelin
- Goodyear
- Pirelli
- Yokohama
- Apollo
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making