Home > Automotive > Automotive Parts > Tires and Wheels > Construction Equipment Tire Market

Construction Equipment Tire Market Share

Report ID: GMI7607
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Construction Equipment Tire Market Share

Continental AG and Yokohama Tire Corporation are dominating the construction equipment market with dominant share of over 15% in 2023. Major participants are fiercely competing for market shares through strategic pricing, technological advancements, and expanding product portfolios. Continuous innovation, customer-centric approaches, and global market presence are the key elements of their competitive strategies.

Construction Equipment Tire Market Companies

Major players operating in the construction equipment tire industry are:

Apollo Tyres Ltd.
Bridgestone Corporation
China National Tire & Rubber Co., Ltd.
Continental Tires
Cooper Tire & Rubber Company
Giti Tire
Goodyear Tire & Rubber Company
Hankook Tire
Michelin
Sumitomo Rubber Industries Ltd
Yokohama Tire Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of construction equipment tire was worth USD 5.9 billion in 2022 and is expected to register over 6.5% CAGR from 2024-2032, due to the increasing investments in business expansion and companies allocating funds to enhance production capacities worldwide.

The aftermarket sales channel segment held 60% share of the construction equipment tire industry in 2023 and is expected to register appreciable CAGR from 2024 to 2032, owing to the growing utilization of construction equipment, driven by increased construction and infrastructure projects.

Asia Pacific held over 40% share of the construction equipment tire market in 2023 and is expected to register commendable CAGR from 2024-2032, due to increased regional transportation demands, led by the expanding infrastructure projects and urbanization in the region.

Apollo Tyres Ltd., Bridgestone Corporation, Cooper Tire & Rubber Company, Giti Tire, Goodyear Tire & Rubber Company, Hankook Tire, Michelin, Sumitomo Rubber Industries Ltd, and Yokohama Tire Corporation are some of the major construction equipment tire companies worldwide.