The bias tire consists of multiple rubber plies overlapping each other. The growing mining activities across the globe coupled with increase in farm mechanization is driving the demand for agriculture equipment, which boost the growth of the bias tires market. Further, growth in urbanization has boosted the number of vehicles on the streets and the rapidly growing demand for passenger cars and commercial vehicles is also influencing the demand for the bias tires market. Furthermore, the bias tires have unique advantages and disadvantages. Bias tires offer tougher sidewalls, owing to their specialty of crosshatch construction as these tires are less expensive compared to radial tires and enable a smooth ride on rough surfaces. However, the tread of bias tires tends to wear fast due to high traction and the high rolling resistance also tends to affect the fuel economy.
Download Report Sample TOC : https://www.alliedmarketresearch.com/request-toc-and-sample/10487
COVID-19 scenario analysis:
- The tires industry is directly connected with the Original Equipment Manufacturers (OEM); hence, it will face huge losses till the lockdown is over.
- The staff members of various departments are instructed to work from home during the lockdown period within which production is completely been shut.
- As the COVID-19 has crucially affected the sales of the tires and lockdown has completely stopped the transportation all across the globe, it will eventually affect the tire spray market as well.
- Producers are working on strategies to reduce stockpiling such as with production cuts, laying off jobs, and others. The staff members of various departments are instructed to work from home during the lockdown period within which production is completely been shut.
- While the uncertainty will continue, and the market will have to find growth opportunities, the hope of the markets further recovering and the sales bouncing back around the near future.
Purchase Enquiry :https://www.alliedmarketresearch.com/purchase-enquiry/10487
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Some of the factors that boost the demand for industrial applications and rise in urbanization are expected to spur the demand during the forecast period. However, the downside of these tires involves low grip at high speeds and increased sensitivity toward overheating, which can hamper the growth of the market. Furthermore, the expansion of industries is propelling the demand for minerals and metals, which are extracted from their ores, which are expected to offer lucrative opportunities for the market during the forecast period.
The bias tire market trends are as follows:
The rise in demand for industrial application
The enhanced operator comfort with bias tires and its ability to withstand higher loads is being highly preferred by automobile manufacturers. Many manufacturers are bolstering their production output of bias, radial, and solid tires to meet specific requirements of vehicle manufacturers. Moreover, bias tires are being extended for use in industrial applications such as machinery for ports and terminals. Accelerated wear and high fuel consumption are potentially affecting the growth of the bias tire market. As such, manufacturers in the bias tire market are hopeful about sales, since the vehicle and industrial machinery manufacturers keep interchanging between radial and bias tires as per unique applications, which will boost the growth of bias tire during the forecast period.
Rise in urbanization
Growth in urbanization increases the number of vehicles on streets and construction activities, which has led to the demand for commercial vehicles. In addition, governments of developing countries, generally, provide better financing options with low interest and subsidies on farming equipment to enhance the production of farms and cater to the demand for food by the growing population, which, in turn, is likely to fuel the demand for agriculture tractors and equipment. The rise in demand for industrial products is boosting the development of new industries. Moreover, the expansion of existing industries is propelling the growth of the automobile sector, which will in turn boost the growth of the bias tire market during the forecast period.
Request Customization : https://www.alliedmarketresearch.com/request-for-customization/10487
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: http://www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com