Mexico Truck & Bus Radial Tire

Mexico Truck & Bus Radial Tire Market Research Report: Forecast (2021-2026)

By Type of Vehicle (Truck & Bus), By Application (Public Transport, General Cargo Transport, Chemicals Transportation, Others), By Demand Type (OEMs & Aftermarkets), By Price Category (Budget, Premium Read more

  • Tire
  • Aug 2021
  • 187
  • TR10254

Radial Tires for Trucks & Buses are designed with adaptive sidewalls, have lower heating rates at high speed, and have greater impediments against tread wear. These tires can carry a massive load and are fuel-efficient, thereby an ideal choice for trucks & buses. 

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. 

Besides, the growing trend of tire monitoring systems is increasing significantly, leading consumers toward the high adoption of these monitoring systems. Moreover, the government’s focus on improving the transportation infrastructure shall further drive the market growth in the coming years.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2021-26) 2.50%
Key Companies Profiled Goodyear, Pirelli, Continental, Yokohama, Michelin, Bridgestone, JK Tires, Sumitomo, Hankook, Others
Unit Denominations USD Million/Billion

 

Covid-19 Severely Impacted Mexico Trucks & Buses Radial (TBR) Tire Market

The outbreak of the Covid-19 pandemic had a decelerating impact on the Mexico Trucks & Buses Radial (TBR) Tire Market, introducing numerous challenges. Of all, the transportation and logistics industry was the most hit, which directly impacted the tire market in Mexico. Additionally, the nationwide lockdown & movement restrictions resulted in a shortage of labor & primary raw materials like rubber & crude. 

Besides, the market also observed a massive decline in demand, leading the manufacturing units to reduce the production volume. This gap in the demand-supply equation prominently reduced the product output in the country.

However, the gradual upliftment of restrictions shall enable the market to revive and regain its usual pace & recover from the loss in the forecast period. Moreover, it also hints toward lucrative growth opportunities for the market players in the coming years. 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Mexico Truck and Bus Radial Tire Market
  4. Mexico Truck and Bus Radial (TBR) Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Truck
        2. Bus
      2. By Application
        1. Public Transport
        2. General Cargo Transport
        3. Chemicals Transportation
        4. Others
      3. By Demand Type
        1. OEMs
        2. Aftermarket
      4. By Price Category
        1. Budget
        2. Premium
        3. Economy
      5. By Rim Size
        1. Up to 20”
        2. 20.1 to 22.5”
        3. Above 22.5”
      6. By Competitors
        1. Competition Characteristics
        2. Competitive Metrix
  5. Mexico Radial Truck Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Type of Truck
        1. Medium Commercial Trucks
        2. Heavy Trucks
        3. Ultra Heavy Trucks 
      2. By Applications
        1. General Cargo Transport
        2. Chemicals Transportation
        3. Crude Oil Transportation
        4. Others
      3. By Demand Type
      4. By Price Category
      5. By Rim Size
  6. Mexico Radial Bus Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. Type of Bus
        1. Medium Weight Bus
        2. Heavy Buses
      2. By Application
        1. Intercity Transport
        2. Intracity Transport
      3. By Demand Type
      4. By Price Category
      5. By Rim Size
  7. Mexico Truck and Bus Radial (TBR) Tire Market Trends & Insights
  8. Mexico Truck and Bus Radial (TBR) Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  9. Mexico Truck and Bus Radial (TBR) Tire Market Policy & Regulations
  10. Mexico Truck and Bus Radial (TBR) Tire Market Import Export Statistics
  11. Mexico Truck and Bus Radial (TBR) Tire Market Hotspot & Opportunities
  12. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Specialization
      3. Target Markets
      4. Target End Users
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Goodyear
      2. Pirelli
      3. Continental
      4. Yokohama
      5. Michelin
      6. Bridgestone
      7. JK Tires
      8. Sumitomo
      9. Hankook
  13. Disclaimer
Mexico Truck & Bus Radial Tire Market Segmentation
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