About Port and Industrial Tire Market in Asia Pacific
Port and industrial tires are designed for use in port handling equipment and airport ground handling equipment. These tires fall under the tire market segment called off-the-road (OTR) tires. The OTR tires can be segmented based on end-users, or the industries that use them, which include mining, construction, seaports, and airports among others. The OTR tires designed for use by seaport handling and airport handling equipment are based on the conventional type of tires; however, they are specially designed and manufactured to suit the seaport and airport equipment handling demands, keeping in view specific load handling requirements and environmental factors. Some of the tire types are:
Technavio Announces the Publication of its Research Report – Port and Industrial Tire Market in Asia Pacific 2016-2020
Technavio recognizes the following companies as the key players in the Port and Industrial Tire Market in Asia Pacific: ATG, Balkrishna Industries, Continental Tires, Michelin and Nokian.
Other Prominent Vendors in the market are: Armour, ATG, Bridgestone, Camso, Cheng Shin Rubber, Cooper Tire & Rubber, Goodyear Tire & Rubber, Rovince Tire, Toyo Tires and Yokohama Rubber.
Commenting on the report, an analyst from Technavio’s team said: “Tire manufacturers have been working aggressively to improve the robustness of tires designed for use in port and airport handling equipment. For instance, the B2 technology (offered exclusively by Michelin) enhances the robustness of the bead zone and extends tire life, and therefore, helps reduce operating costs, optimize machine performance, and improve productivity.”
According to the report, higher demand for quality products stemming from growing containerization and maintenance of fleet are boosting the revenues generated in the replacement tire market. Tire dealers that can source specialty tires designed for the port and industrial market have an advantage of being situated in APAC. The region also accounts for the highest number of large container ports, and so dealers of port and industrial tires have huge growth opportunities.
Further, the report states that vehicles that can use on-the-road purpose tires may hamper the growth of the market for tires dedicated for port equipment.
ATG, Balkrishna Industries, Continental Tires, Michelin, Nokian, Armour, ATG, Bridgestone, Camso, Cheng Shin Rubber, Cooper Tire & Rubber, Goodyear Tire & Rubber, Rovince Tire, Toyo Tires, Yokohama Rubber.
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