Article -> Article Details

Astute Analytica published a new report on the global North America Solid Tires Market. The global markets report analysis of the growth momentum and revenue inflows in this industry, including the impact of COVID-19.

The market study report presents important factors that positively and negatively affect the growth of this vertical in order to suggest stakeholders in making decisions. In addition, the report offers data on the past, present, and future companies’ scenarios. The report also contains key segments and leading players.

The North America Solid Tires Market is estimated to witness a rise in revenue from US$ 387.9 Million in 2021 to US$ 540.1 Million by 2027. The market is registering a CAGR of 5.7% during the forecast period 2022-2027. In terms of volume, the market is registering a CAGR of 5.3 % during the forecast period 2022-2027. 

The automotive sector is continuously working to develop an integrated approach to a cleaner environment and lower carbon emissions. In order to minimize fuel consumption, automakers are creating more efficient engines and drive trains, and a wide range of sophisticated emissions-control equipment is placing cleaner cars on the road globally.

Request of this Sample Report Here- https://www.astuteanalytica.com/request-sample/north-america-solid-tires-market

It is forecast that clear improvements in air quality can notice when more new automobiles with contemporary exhaust emissions performance hit the road. As older, more polluting cars replace the new ones. Thus, this trend will continue to lead to the growth of the automotive sector. 

Impact Analysis of COVID-19

The COVID-19 pandemic wreaked havoc on the worldwide automotive industry quickly and severely. Chinese parts shipments halted, large-scale manufacturing disruptions were occurring across Europe, and assembly factories in the United States had to close. This has put a lot of pressure on a sector already dealing with a worldwide demand downturn due to decreased consumer needs.

According to data from the International Organization of Motor Vehicle Manufacturers, the commercial vehicle sector in out of 40 major nations, 17 nations, including Belgium, Canada, Germany, Japan, etc., saw negative growth of 67.5% during the COVID-19 pandemic.

Regional Insights

By Assembly Type segment of the North America Solid Tires Market is sub-segmented into:

·         Made on Frame /Wheel

·         Made on Rim

Full Report Here- https://www.astuteanalytica.com/industry-report/north-america-solid-tires-market

By Vehicle segment of the North America Solid Tires Market is sub-segmented into:

·         Forklift

·         Tractor

·         Crane & Lifts

·         Container Trailer

·         Airport Passenger Boarding Bridges

·         Others

By Application segment of the North America Solid Tires Market is sub-segmented into:

·         Construction Machinery

·         Warehouse Machinery

·         Agriculture Equipment

·         Military Vehicles

·         Air & Sea Ports Machinery

·         Others (Transport)

By Country segment of the North America Solid Tires Market is sub-segmented into:

·         U.S.

·         Canada

Key Players Insights

The key players operating in the market include Continental AG, Ecomega Europe Industries, Industrial Rubber Company, Global Rubber Industries, Maxam Tire, Nexen Corporation, Setco Solid Tire and Rim Assembly, SimpleTire and Michelin among others.

Access Sample Report Here- https://www.astuteanalytica.com/request-sample/north-america-solid-tires-market

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

Get in touch with us:

Phone number: +18884296757

Email: sales@astuteanalytica.com

Visit our website: https://www.astuteanalytica.com/