According to a new report, the world “Cross Country Tires Market” 2028 provides a comprehensive assessment of the market landscape, encompassing each this and future standing of the market. In terms of drivers, opportunities, and constraints, the analysis provides info on developing trends and market dynamics. The analysis shelters light-weight on the analysis of previous growing trends. It includes a market summary, key player identification, key developments, material suppliers, and dealers, among different things. Market size, sales, forecast, share, business demand, growth rate, and revenue also are included.
The Cross Country Tires Market positioned is playing unshakable boom and creating at a CAGR of 4.25% forecast period 2022-2028.
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The Cross Country Tires also comprises the research and development activities of those corporations and provided complete knowledge regarding their existing merchandise and services. An elaborate analysis of revenue generation scope and chances, manufacturer profile, production details, and consumption patterns are given. A close assessment of those factors is crucial for varied market players in understanding the potential of investments across specific regional domains.
The Report also includes key players in recent market trends are:
Bridgestone,Michelin,Goodyear,Continental,Pirelli,Hankook,Sumitomo,Yokohama,Maxxis,Zhongce,GITI Tire,Toyo Tire,Cooper Tire,Kumho Tire,Apollo Tires Ltd,Nexen Tire,Hengfeng Rubber
Recent Developments:
Sumitomo has acquired 38 companies, including 21 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 6 assets. Sumitomo’s largest acquisition to date was in 2014, when it acquired Clermont Mine for $1.0B. It’s largest disclosed sale occurred in 2016, when it sold Soukai Drug to Rakuten Group for $74M. Sumitomo has acquired in 8 different US states, and 16 countries. The Company’s most targeted sectors include energy services and equipment (11%) and metals/mining (11%).
Bridgestone has acquired 2 companies, including 1 in the last 5 years.Bridgestone’s largest acquisition to date was in 1988, when it acquired Firestone Tire and Rubber Company for $2.6B. Bridgestone has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include automotive (50%) and information technology (50%).
Goodyear Tire has acquired 5 companies, including 3 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 was in 2021, when it acquired Cooper Tire & Rubber for $2.5B. It’s largest disclosed sale occurred in 2007, when it sold Veyance Technologies to for $1.5B. Goodyear Tire has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include automotive (40%) and manufacturing (40%).
Continental has acquired 21 companies, including 6 in the last 5 years. A total of 2 acquisitions came from private equity firms. Continental’s largest acquisition to date was in 2014, when it acquired Veyance Technologies for $1.9B. Continental has acquired in 6 different US states, and 9 countries. The Company’s most targeted sectors include automotive (53%) and software (20%).
Pirelli Tyre has acquired 1 company. A total of 1 acquisition came from private equity firms. It has also divested 1 asset. Pirelli Tyre’s largest acquisition to date was in 2012, when it acquired Däckia AB for $74M. It’s largest disclosed sale occurred in 2014, when it sold Pirelli Tyre – Steel Cord Business to NV Bekaert SA for $287M. The Company’s most targeted sectors include retail (100%).
Yokohama Rubber Company has acquired 3 companies. A total of 2 acquisitions came from private equity firms. The Yokohama Rubber Company’s largest acquisition to date was in 2016, when it acquired Alliance Tire Group B.V. for $1.2B. The Yokohama Rubber Company has acquired in 2 countries. The Company’s most targeted sectors include automotive (50%) and manufacturing (50%).
Toyo Tire & Rubber has acquired 1 company. The Company’s most targeted sectors include manufacturing (100%).
Cooper Companies has acquired 13 companies, including 7 in the last 5 years. A total of 3 acquisitions came from private equity firms. Cooper Companies’ largest acquisition to date was in 2021, when it acquired Generate Life Sciences for $1.6B. Cooper Companies has acquired in 7 different US states, and 3 countries. The Company’s most targeted sectors include medical products (62%) and consumer products (16%).
Apollo Global Management has acquired 29 companies. It has also invested in 11 others.Apollo Global Management’s most common sectors for investment areretail (7%) and financial services (6%) . The Firm’s most common investment types include going private (23%) and secondary buyout (21%). In total, Apollo Global Management has invested in 27 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired Caesars Entertainment for $30.7B. In the last 3 years, Apollo Global Management has exited 25 companies. The Firm’s most common exit type is trade sale (29%). Apollo Global Management’s largest (disclosed) exit occurred in 2021 when it sold Tech Data for $7.2B.
Nexen Energy ULC has acquired 2 companies of its own.The Company’s most targeted sectors include construction (50%) and oil/gas exploration (50%).
Cross Country Tires Market segmentation
Cross Country Tires Market is split by Type and by Application. For the period 2022-2028, the growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segmentation by Types:
26 Inches
29 Inches
Other
Market segmentation by application:
Mining
Construction
Others
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Regional Analysis:
– Europe Market (Germany, UK, France, Russia, Italy)
– Centre East and Africa Market (Saudi Arabia, UAE, 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 to Command Off the Road Tire Market
Asia Pacific has the biggest market share. This off the road tire market is worth USD 8.5 billion & is expected to grow at a CAGR of roughly 5.31 percent in the next years. The surge in demand for off-road tires in this region is due to a number of causes, including increased industrial development, increased construction activities, & an increase in demand for energy-efficient technologies. In 2020, Asia Pacific had the greatest market share of off-road tires, and this trend is likely to continue during the forecast period. During the projected period, the rapid expansion of the industrial, construction, & agricultural sectors in emerging Asian countries such as India, China Japan, and others is expected to promote market growth. In addition, the increased mechanization of these industries is driving up demand for off-road tires in Asia. For market analysis, Asia Pacific includes Japan, China, India, and Indonesia. Infrastructure projects are likely to develop as they are a vital facet of boosting connectivity and influencing long-term growth. The requirement for residential buildings has increased in recent years as a result of population expansion and migration to large cities. As per the Asian Development Bank, major Asia Pacific countries will require investing about USD 1.7 trillion yearly in infrastructure development between now and 2030 to meet infrastructural development needs. These factors are predicted to promote construction equipment demand and have a beneficial impact on OTR tire demand.
Key Questions Answered in The Report:
– What is the growth potential of the global Cross Country Tires market?
– Which regional market will emerge as a frontrunner in the coming years?
– Which application segment will grow at a robust rate?
– What are the growth opportunities that may emerge in the global Cross Country Tires industry in the years to come?
– What are the key challenges that the market may face in the future?
– Which 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: Market Driving Factor Analysis
Chapter 6: Market Competition Status by Major Manufacturers
Chapter 7: Major Manufacturer’s 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: Market Report Conclusion
Chapter 12: Research Methodology and Reference.
The report offers significant features about the central members that are existing in the business for quite a while just as gives insights about their production design, product portfolio, and other data. The study document contains an assessment of various drivers, upcoming technologies, opportunities, market risks, restraints, market barriers, challenges, trends, competitive landscape, and segments which gives an exact picture of the growth of the global Cross Country Tires market
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