According to a new report the world “Market for Cross Country Tires” 2028 provides a comprehensive assessment of the market landscape, encompassing all of this and the future position of the market. In terms of drivers, opportunities, and restraints, the analysis provides information on evolving trends and market dynamics. The analysis draws lightly on analysis of previous growth trends. It includes a market summary, identification of key players, key developments, material suppliers and distributors, among others. Market size, revenue, forecast, share, business demand, growth rate and revenue are also included.
That The positioned cross country tire market is experiencing a steadfast boom, creating a CAGR of 4.25% during the forecast period 2022-2028.
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The Cross Country Tires also includes the research and development activities of these companies and provided complete knowledge of their existing goods and services. A detailed analysis of the scope and opportunities of revenue generation, manufacturer profile, production details and consumption behavior is given. An accurate assessment of these factors is crucial for various market players to understand the potential of investing in specific regional domains.
The report also includes key players in the recent market trends:
Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama, Maxxis, Zhongce, GITI Tires, Toyo Tires, Cooper Tires, Kumho Tires, Apollo Tires Ltd., Nexen Tires, Hengfeng Rubber
Sumitomo has acquired 38 companies, 21 of them in the last 5 years. A total of 7 acquisitions came from private equity houses. It has also divested 6 assets. Sumitomo’s largest acquisition to date was in 2014 when the company bought the Clermont Mine for US$1.0 billion. The largest disclosed sale occurred in 2016 when Soukai Drug was sold to Rakuten Group for $74 million. Sumitomo has acquired in 8 different US states and 16 countries. The company’s most heavily targeted sectors include Energy Services & Equipment (11%) and Metals/Mining (11%).
bridge stone has acquired 2 companies in the last 5 years including 1 company. Bridgestone’s largest acquisition to date was in 1988 when it acquired Firestone Tire and Rubber Company for $2.6 billion. Bridgestone has acquired in 1 US state and 2 countries. The company’s most heavily targeted sectors include automotive (50%) and information technology (50%).
Goodyear tires has acquired 5 companies, 3 of them in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets. Goodyear Tire’s largest acquisition to date came in 2021 when the company acquired Cooper Tire & Rubber for $2.5 billion. The largest disclosed sale occurred in 2007 when Veyance Technologies was sold to the company for $1.5 billion. Goodyear Tire has acquired in 2 different US states and 3 countries. The company’s most heavily targeted sectors include automotive (40%) and manufacturing (40%).
Continental has acquired 21 companies, 6 of them in the last 5 years. A total of 2 acquisitions came from private equity houses. Continental’s largest acquisition to date came in 2014 when the company bought Veyance Technologies for $1.9 billion. Continental has acquired in 6 different US states and 9 countries. The company’s most heavily targeted sectors include automotive (53%) and software (20%).
Pirelli tires has acquired 1 company. A total of 1 acquisition came from private equity firms. It also sold 1 asset. Pirelli Tire’s largest acquisition to date came in 2012 when the company acquired Däckia AB for US$74 million. The largest disclosed sale occurred in 2014 when Pirelli Tire – Steel Cord Business was sold to NV Bekaert SA for $287 million. Among the company’s most heavily targeted sectors is retail (100%).
Yokohama Rubber Company has acquired 3 companies. A total of 2 acquisitions came from private equity houses. Yokohama Rubber Company’s largest acquisition to date came in 2016 when it bought Alliance Tire Group BV for $1.2 billion. Yokohama Rubber Company has taken over in 2 countries. The company’s most heavily targeted sectors include automotive (50%) and manufacturing (50%).
Toyo tires & rubber has acquired 1 company. Among the company’s most heavily targeted sectors is Manufacturing (100%).
cooper Companies has acquired 13 companies, 7 of them in the last 5 years. A total of 3 acquisitions came from private equity houses. Cooper Companies’ largest acquisition to date came in 2021, when the company acquired Generate Life Sciences for $1.6 billion. Cooper Companies has acquired in 7 different US states and 3 countries. The company’s most heavily targeted sectors include medical products (62%) and consumer products (16%).
Apollo Global Management has acquired 29 companies. It has also invested in 11 others. The most common sectors for Apollo Global Management to invest are retail (7%) and financial services (6%). The company’s most common investment types include going private (23%) and secondary buyouts (21%). Overall, Apollo Global Management has invested in 27 US states and 13 different countries. The largest (disclosed) acquisition occurred in 2008 when Caesars Entertainment was acquired for $30.7 billion. In the last 3 years, Apollo Global Management has left 25 companies. The company’s most common exit type is trade sale (29%). Apollo Global Management’s biggest (disclosed) exit came in 2021, when the company sold Tech Data for $7.2 billion.
nexen Energy ULC has acquired 2 own companies. The company’s key target sectors include construction (50%) and oil/gas exploration (50%).
Cross Country Tires Market Segmentation
The cross country tire market is segmented by type and application. For the period 2022-2028, the growth between segments provides accurate calculations and forecasts for sales by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.
Market Segmentation by Types:
Market Segmentation by Application:
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– European market (Germany, Great Britain, France, Russia, Italy)
– Middle East and Africa market (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)
– South America market (Brazil, Argentina, Colombia)
– North America market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia)
APAC takes over the off-road tire market
Asia Pacific has the largest market share. This off-road tire market is worth $8.5 billion and is expected to grow at a CAGR of about 5.31 percent over the next few years. The increase in demand for off-road tires in this region is due to a number of factors, including increased industrial development, increased construction activity and an increasing demand for energy-efficient technologies. In 2020, Asia Pacific had the largest market share of off-road tires and this trend is expected to continue during the forecast period. During the projected period, the rapid expansion of industrial, construction and agricultural sectors in emerging Asian countries such as India, China, Japan and others are expected to boost market growth. In addition, increasing mechanization of these industries is driving demand for off-road tires in Asia. For the market analysis, Asia Pacific includes Japan, China, India and Indonesia. Infrastructure projects are likely to develop as they are an important facet of driving connectivity and influencing long-term growth. The demand for residential buildings has increased in recent years due to population growth and migration to large cities. According to the Asian Development Bank, major countries in Asia-Pacific will need to invest about $1.7 trillion annually in infrastructure development through 2030 to meet infrastructure development needs. These factors are likely to boost demand for construction equipment and have a positive impact on demand for OTR tires.
Key questions answered in the report:
What is the growth potential of the Global Cross Country Tires market?
– Which regional market will emerge as the front runner in the coming years?
– Which application segment will grow strongly?
What growth opportunities might arise in the global Cross Country Tires industry in the years to come?
– What are the major challenges the market might face in the future?
– Who are the leading companies in the global Cross Country Tires Market?
– Which are the key trends positively impacting the market growth?
Table of Contents Cross Country Tires Market:
Chapter 1: Overview of Cross Country Tires Market
Chapter 2: Global Market Status and Forecast by Regions
Chapter 3: Global Market Status and Forecast by Types
Chapter 4: Global Market Status and Forecast by Downstream Industry
Chapter 5: Analysis of Market Driving Factors
Chapter 6: Market competition status by major manufacturers
Chapter 7: Major Manufacturers Introduction and Market Data
Chapter 8: Upstream and Downstream Market Analysis
Chapter 9: Cost and Gross Margin Analysis
Chapter 10: Marketing Status Analysis
Chapter 11: Conclusion of the Market Report
Chapter 12: Research Methodology and Reference.
The report offers key features about the key members who have been in business for quite some time, along with insights into their production design, product portfolio and other data. The study document provides an assessment of various drivers, upcoming technologies, opportunities, market risks, restraints, market barriers, challenges, trends, competitive landscape and segments which gives an accurate picture of the growth of the global Cross Country Tires market
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