- The key vendors in the Low Rolling Resistance Truck and Bus Radial Tire Market in Europe 2015-2019 are Apollo Vredestein BV, Bridgestone Corp., Continental AG, Michelin Group and The Goodyear Tire and Rubber Co.
London, 19 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Low Rolling Resistance Truck and Bus Radial Tire Market in Europe 2015-2019. One major trend in the market is the intense competition among vendors. The major global vendors such as Michelin, Bridgestone, and Goodyear have strong presence in all segments and compete intensely to gain bigger shares in the market in Europe. These global players have to face intense competition from local vendors and also from the low-cost Chinese products available in the market. The Low Rolling Resistance Truck and Bus Radial Tire market in Europe is expected to grow at a CAGR of 7.33 percent during the forecast period of 2015-2019.
“Tire manufacturers have increased their investment in R&D to provide innovative products and are focusing on improving the fuel efficiency and durability of the tires for better drive quality,” says Faisal Ghaus, Vice President of TechNavio Research.
“The Automotive industry is witnessing immense developments and an increase in the preference for commercial vehicles has also been noticed, worldwide.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
