Lewes, DE -- (SBWIRE) -- 03/01/2016 -- Report forecast the port and industrial tire in APAC to grow at a CAGR of 8.25% during the period 2016-2020.

Port and industrial tires are designed for use in port handling equipment and airport ground handling equipment. These tires fall under the tire market segment called off-the-road (OTR) tires. The OTR tires can be segmented based on end-users, or the industries that use them, which include mining, construction, seaports, and airports among others.

The OTR tires designed for use by seaport handling and airport handling equipment are based on the conventional type of tires; however, they are specially designed and manufactured to suit the seaport and airport equipment handling demands, keeping in view specific load handling requirements and environmental factors.

Some of the tire types are:
- Radial tires
- Super elastic tires
- Treadless tires
- Cross ply tires

The report covers the present scenario and the growth prospects of the port and industrial tire market in Asia Pacific (APAC) for 2016-2020. The market has been calculated on the basis of production by OEMs and deliveries to ports.

The market is divided into the following segments based on application:
- Port handling equipment
- Airport ground support equipment

According to the report, higher demand for quality products stemming from growing containerization and maintenance of fleet are boosting the revenues generated in the replacement tire market. Tire dealers that can source specialty tires designed for the port and industrial market have an advantage of being situated in APAC. The region also accounts for the highest number of large container ports, and so dealers of port and industrial tires have huge growth opportunities.

Further, the report states that vehicles that can use on-the-road purpose tires may hamper the growth of the market for tires dedicated for port equipment.

Port and Industrial Tire Market in Asia Pacific 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Port and Industrial Tire Market in Asia Pacific: ATG, Balkrishna Industries, Continental Tires, Michelin and Nokian.

Other Prominent Vendors in the market are: Armour, ATG, Bridgestone, Camso, Cheng Shin Rubber, Cooper Tire & Rubber, Goodyear Tire & Rubber, Rovince Tire, Toyo Tires and Yokohama Rubber.

Market driver
- Maintenance and replacement
- For a full, detailed list, view our report

Market challenge
- Use of on-road tires in port equipment
- For a full, detailed list, view our report

Market trend
- Technological advances in enhancing durability of tires
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 80 pages and 42 Exhibit "Port and Industrial Tire Market in Asia-Pacific 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by application, Market segmentation by vehicle type, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/port-and-industrial-tire-market-asia-pacific-2016-2020

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