Military Vehicle Tires Market Size - Growth, Share by 2031
The Military Vehicle Tires Market is expected to register a CAGR of 4.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Vehicle Type (Transport, Combat, Others). The report further presents analysis based on the Tire Type (All-terrain, Run-Flat, and Specialized Tires). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Military Vehicle Tires Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Military Vehicle Tires Market Segmentation
Vehicle Type- Transport
- Combat
- Others
- All-terrain
- Run-Flat
- Specialized Tires
Strategic Insights
Military Vehicle Tires Market Growth Drivers- Increased Defense Spending: One of the various drivers that sustain the growth of the military vehicle tyres market is increased defense spending in different countries. Higher and more investments have been done by governments in their military capabilities, an aspect that includes the upgrade and maintaining of military vehicles and hence an increase in the demand for specialty tires intended for use for those vehicles.
- Technological Advancements: Advances made in technology for the tire, such as all-terrain and airless tires are continuously pushing this market. All these technologies upgrade the performance and endurance of military vehicle tires and make them more viable for variety and challenging scenarios.
- Rise in Demand for Tires for Unmanned Vehicles: Another area where the market opportunity for tire development is accelerating is in unmanned military vehicles. As drones and autonomous vehicles are increasingly expanding into everyday use, manufacturers can center their design on the unique requirements of that technology.
- Rise in Focus towards Sustainability: Military trends keep finding the importance of sustainability. This opens avenues for the development of new products manufactured by companies, such as eco-friendly tires; they might either be manufactured from sustainable materials or have the potential to be retreaded, thereby reducing waste and environmental impacts.
- Adoption of Radial Tires Over Bias Tires: With regards to the military vehicle tire market, one trend that stands out is the widespread adoption of radial over bias tires. The primary reason here remains the significantly superior performance, fuel efficiency, and durability that radial tires bring compared to conventional bias tires.
- Increased Use of Acceptance for Retreaded Tires: The other trend is the increasing use of acceptance of retreaded tires in military operations. Retreaded tires have a longer life, cost less, and waste less, and this fits both economic and environmental goals within military logistics.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Military Vehicle Tires Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Military Vehicle Tires Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Military Vehicle Tires Market include Bridgestone Corporation, Michelin, Coker Tire, Sumitomo Rubber Industries , Goodyear, Yokohama Rubber, Hankook, Tireco Inc., Madras Rubber Company, Marathon Tyres
Adoption of Radial Tires Over Bias Tires and Increased Use of Acceptance for Retreaded Tires are the key future trends of the Military Vehicle Tires Market
The Military Vehicle Tires Market is estimated to witness a CAGR of 4.2% from 2023 to 2031
The major factors driving the Military Vehicle Tires Market are: Increased Defense Spending and Technological Advancements
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Vehicle Tires Market - By Fit
1.3.2 Military Vehicle Tires Market - By Vehicle Type
1.3.3 Military Vehicle Tires Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY VEHICLE TIRES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY VEHICLE TIRES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MILITARY VEHICLE TIRES MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY VEHICLE TIRES - GLOBAL MARKET OVERVIEW
6.2. MILITARY VEHICLE TIRES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MILITARY VEHICLE TIRES MARKET - REVENUE AND FORECASTS TO 2028 - FIT
7.1. OVERVIEW
7.2. FIT MARKET FORECASTS AND ANALYSIS
7.3. LINE FIT
7.3.1. Overview
7.3.2. Line Fit Market Forecast and Analysis
7.4. RETRO FIT
7.4.1. Overview
7.4.2. Retro Fit Market Forecast and Analysis
8. MILITARY VEHICLE TIRES MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORT
8.3.1. Overview
8.3.2. Transport Market Forecast and Analysis
8.4. COMBAT
8.4.1. Overview
8.4.2. Combat Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. MILITARY VEHICLE TIRES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Vehicle Tires Market Overview
9.1.2 North America Military Vehicle Tires Market Forecasts and Analysis
9.1.3 North America Military Vehicle Tires Market Forecasts and Analysis - By Fit
9.1.4 North America Military Vehicle Tires Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Military Vehicle Tires Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Vehicle Tires Market
9.1.5.1.1 United States Military Vehicle Tires Market by Fit
9.1.5.1.2 United States Military Vehicle Tires Market by Vehicle Type
9.1.5.2 Canada Military Vehicle Tires Market
9.1.5.2.1 Canada Military Vehicle Tires Market by Fit
9.1.5.2.2 Canada Military Vehicle Tires Market by Vehicle Type
9.1.5.3 Mexico Military Vehicle Tires Market
9.1.5.3.1 Mexico Military Vehicle Tires Market by Fit
9.1.5.3.2 Mexico Military Vehicle Tires Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Military Vehicle Tires Market Overview
9.2.2 Europe Military Vehicle Tires Market Forecasts and Analysis
9.2.3 Europe Military Vehicle Tires Market Forecasts and Analysis - By Fit
9.2.4 Europe Military Vehicle Tires Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Military Vehicle Tires Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Vehicle Tires Market
9.2.5.1.1 Germany Military Vehicle Tires Market by Fit
9.2.5.1.2 Germany Military Vehicle Tires Market by Vehicle Type
9.2.5.2 France Military Vehicle Tires Market
9.2.5.2.1 France Military Vehicle Tires Market by Fit
9.2.5.2.2 France Military Vehicle Tires Market by Vehicle Type
9.2.5.3 Italy Military Vehicle Tires Market
9.2.5.3.1 Italy Military Vehicle Tires Market by Fit
9.2.5.3.2 Italy Military Vehicle Tires Market by Vehicle Type
9.2.5.4 United Kingdom Military Vehicle Tires Market
9.2.5.4.1 United Kingdom Military Vehicle Tires Market by Fit
9.2.5.4.2 United Kingdom Military Vehicle Tires Market by Vehicle Type
9.2.5.5 Russia Military Vehicle Tires Market
9.2.5.5.1 Russia Military Vehicle Tires Market by Fit
9.2.5.5.2 Russia Military Vehicle Tires Market by Vehicle Type
9.2.5.6 Rest of Europe Military Vehicle Tires Market
9.2.5.6.1 Rest of Europe Military Vehicle Tires Market by Fit
9.2.5.6.2 Rest of Europe Military Vehicle Tires Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Vehicle Tires Market Overview
9.3.2 Asia-Pacific Military Vehicle Tires Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Vehicle Tires Market Forecasts and Analysis - By Fit
9.3.4 Asia-Pacific Military Vehicle Tires Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Military Vehicle Tires Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Military Vehicle Tires Market
9.3.5.1.1 Australia Military Vehicle Tires Market by Fit
9.3.5.1.2 Australia Military Vehicle Tires Market by Vehicle Type
9.3.5.2 China Military Vehicle Tires Market
9.3.5.2.1 China Military Vehicle Tires Market by Fit
9.3.5.2.2 China Military Vehicle Tires Market by Vehicle Type
9.3.5.3 India Military Vehicle Tires Market
9.3.5.3.1 India Military Vehicle Tires Market by Fit
9.3.5.3.2 India Military Vehicle Tires Market by Vehicle Type
9.3.5.4 Japan Military Vehicle Tires Market
9.3.5.4.1 Japan Military Vehicle Tires Market by Fit
9.3.5.4.2 Japan Military Vehicle Tires Market by Vehicle Type
9.3.5.5 South Korea Military Vehicle Tires Market
9.3.5.5.1 South Korea Military Vehicle Tires Market by Fit
9.3.5.5.2 South Korea Military Vehicle Tires Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Military Vehicle Tires Market
9.3.5.6.1 Rest of Asia-Pacific Military Vehicle Tires Market by Fit
9.3.5.6.2 Rest of Asia-Pacific Military Vehicle Tires Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Vehicle Tires Market Overview
9.4.2 Middle East and Africa Military Vehicle Tires Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Vehicle Tires Market Forecasts and Analysis - By Fit
9.4.4 Middle East and Africa Military Vehicle Tires Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Military Vehicle Tires Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Vehicle Tires Market
9.4.5.1.1 South Africa Military Vehicle Tires Market by Fit
9.4.5.1.2 South Africa Military Vehicle Tires Market by Vehicle Type
9.4.5.2 Saudi Arabia Military Vehicle Tires Market
9.4.5.2.1 Saudi Arabia Military Vehicle Tires Market by Fit
9.4.5.2.2 Saudi Arabia Military Vehicle Tires Market by Vehicle Type
9.4.5.3 U.A.E Military Vehicle Tires Market
9.4.5.3.1 U.A.E Military Vehicle Tires Market by Fit
9.4.5.3.2 U.A.E Military Vehicle Tires Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Military Vehicle Tires Market
9.4.5.4.1 Rest of Middle East and Africa Military Vehicle Tires Market by Fit
9.4.5.4.2 Rest of Middle East and Africa Military Vehicle Tires Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Vehicle Tires Market Overview
9.5.2 South and Central America Military Vehicle Tires Market Forecasts and Analysis
9.5.3 South and Central America Military Vehicle Tires Market Forecasts and Analysis - By Fit
9.5.4 South and Central America Military Vehicle Tires Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Military Vehicle Tires Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Vehicle Tires Market
9.5.5.1.1 Brazil Military Vehicle Tires Market by Fit
9.5.5.1.2 Brazil Military Vehicle Tires Market by Vehicle Type
9.5.5.2 Rest of South and Central America Military Vehicle Tires Market
9.5.5.2.1 Rest of South and Central America Military Vehicle Tires Market by Fit
9.5.5.2.2 Rest of South and Central America Military Vehicle Tires Market by Vehicle Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MILITARY VEHICLE TIRES MARKET, KEY COMPANY PROFILES
11.1. BRIDGESTONE CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MICHELIN
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COKER TIRE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NOKIAN TYRES PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MADRAS RUBBER FACTORY (MRF)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. THE GOODYEAR TIRE AND RUBBER COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ÖZKA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. H. VRAKKING BV
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WAN FENG INDUSTRIAL LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MARATHON TYRES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Bridgestone Corporation
2. Michelin
3. Coker Tire
4. Nokian Tyres plc
5. Madras Rubber Factory (MRF)
6. The Goodyear Tire and Rubber Company
7. ÖZKA
8. H. Vrakking BV
9. Wan Feng Industrial Limited
10. Marathon Tyres
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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