Global Underground Mining Tire Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Underground Mining Tire Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Underground Mining Tire market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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.

According to our “Construction Machinery” research center, sales of construction machinery in Europe increased by 24% in 2021, and in 2022 the construction machinery revenue in Europe was about US$ 22 billion, while the US market sold about $36 billion in construction machinery in 2022. China's construction machinery has complete categories and outstanding advantages, with 20 categories, 109 groups, 450 models, 1090 series and tens of thousands of models of product equipment. By the end of 2021, the number of major products of construction machinery in China was about 5.61 million to 6.08 million units. According to our “Construction Machinery” research center, the total sales of the top 50 global construction machinery manufacturers in 2022 reached US$ 220 billion. And Asian companies occupied an absolute advantage, accounting for 50% of revenue, followed by Europe and North America, accounting for 26% and 23%.

The Global Info Research report includes an overview of the development of the Underground Mining Tire industry chain, the market status of Truck (Rim DiameterBelow 49 inch, Rim DiameterAbove 49 inch), Loader (Rim DiameterBelow 49 inch, Rim DiameterAbove 49 inch), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Underground Mining Tire.

Regionally, the report analyzes the Underground Mining Tire markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Underground Mining Tire market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Underground Mining Tire market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Underground Mining Tire industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Rim DiameterBelow 49 inch, Rim DiameterAbove 49 inch).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Underground Mining Tire market.

Regional Analysis: The report involves examining the Underground Mining Tire market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Underground Mining Tire market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Underground Mining Tire:

Company Analysis: Report covers individual Underground Mining Tire manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Underground Mining Tire This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Truck, Loader).

Technology Analysis: Report covers specific technologies relevant to Underground Mining Tire. It assesses the current state, advancements, and potential future developments in Underground Mining Tire areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Underground Mining Tire market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Underground Mining Tire market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Rim DiameterBelow 49 inch
Rim DiameterAbove 49 inch

Market segment by Application
Truck
Loader
Bulldozer
Others

Major players covered
Bridgestone
Michelin
Titan Tire
Chem China
Yokohama
Goodyear
Continental
Zhongce Rubber
Guizhou Tire
BKT
Double Coin Holdings
Apollo Tyres
Triangle Tyre
Techking Tires

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Underground Mining Tire product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Underground Mining Tire, with price, sales, revenue and global market share of Underground Mining Tire from 2019 to 2024.

Chapter 3, the Underground Mining Tire competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Underground Mining Tire breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Underground Mining Tire market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Underground Mining Tire.

Chapter 14 and 15, to describe Underground Mining Tire sales channel, distributors, customers, research findings and conclusion.