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Heavy Duty Tires, 2024: World Market Dominated by Bridgestone, Continental, Goodyear, and Michelin Group

Dublin, March 28, 2019 (GLOBE NEWSWIRE) -- The "Global Heavy Duty Tires Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The market had been lagging for the last 2- 3 years as the industries with heavy-duty tire usage, like small loaders, skid steers, and backhoes were significantly less. Increased emphasis on federal and state funding for these infrastructural projects is a major driver of growth in the heavy-duty tire markets. Also, improving global economic environment and increasing emphasis on mechanization of agricultural activities is leading to experience an increase in the demand for harvesters, tillers, and shredders, and in turn will drive the demand for tires in these market.In 2017, majority of the European countries experienced growth in the agricultural machinery market when compared to its past two years declining records and the market is likely to continue to increase during the forecast period.

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