Earthmoving Equipment Tyres Market Growth Rate, Future Trends and ChallengesPosted by Preet on October 15th, 2019 Manufacturers of standard earthmoving equipment tyres are focusing on including advanced features such as cushion holes, better sidewalls, advanced rims, and shock absorption. Along with providing earthmoving equipment tyres, manufacturers are also focusing on offering additional services including repairing, refurbishing, maintenance, remanufacturing, and rental services. Increasing use of technology for achieving increased durability including resistance to heat and reduced rolling resistance is also likely to create an opportunity for manufacturers. With the growing trend of real-time tracking, off-the-road tire manufacturers are also moving towards providing real-time monitoring facility to monitor the overall working condition of the tyres. Also, the trend of retreading instead of tire replacement is gaining momentum, as retreading of tire can help fleet operators reduce operating cost and is also cheaper than replacing tyres. As per the report by Fact.MR, the global earthmoving equipment tyres market is expected to witness moderate growth, growing at a CAGR of 4.0% in terms of value during the forecast period. The global earthmoving equipment tyres market is also estimated to bring in US$ 16,128.0 million in terms of value by the end of 2026. Meanwhile, in terms of volume, the market is projected to reach 1,884 million units by 2026 end. With advances in automation, the manufacturing process of tyres, especially earthmoving equipment tyres has accelerated. There has been an increase in construction and infrastructure projects globally and earthmovers are being used on a large scale in the construction industry. Hence, driving the demand for earthmoving equipment tyres. Below are the insights on how the global earthmoving equipment tyres market will perform in the coming years. 5 Forecast Highlights on Global Earthmoving Equipment Tyres Market
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The report has also profiled leading players in the global market for earthmoving equipment tyres, which will remain active through 2026. These include companies such as ZANKER PROMOTION GMBH, Thompson Aero Seating Ltd, Mirus Aircraft Seating Ltd, Geven S.p.A, Acro Aircraft Seating, Aviointeriors S.p.A, JAMCO Corporation, B/E Aerospace, Inc., RECARO Aircraft Seating GmbH & Co. KG, and Zodiac Aerospace Group. Like it? Share it!More by this author |