Research and Markets (http://www.researchandmarkets.com/research/3h3t6v/low_rolling) has announced the addition of the "Low Rolling Resistance Truck and Bus Radial Tire Market in Europe 2014-2018" report to their offering.
The analysts forecast the Low Rolling Resistance Truck and Bus Radial Tire market in Europe to grow at a CAGR of 6.23% over the period 2013-2018.
Tires are an integral component of vehicles and are manufactured using raw materials such as natural rubber, nylon, tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are also used in manufacturing tires. Low rolling resistance tires are essentially green tires, and their usage enhances fuel efficiency, vehicle performance, and safety. It also helps to reduce vehicular emissions.
One key trend emerging in this market is the intense competition among the major vendors in the market. The truck, bus, and mid-sized segment vehicles have been experiencing a steady adoption of radial tires in recent years.
According to the report, the increased focus on environmental-friendly tires is a major factor propelling the growth of the Low Rolling Resistance Truck and Bus Radial market in Europe. The European Union government has introduced stringent norms to decrease harmful emissions from trucks and buses.
Further, the report states that one of the major challenges in this market is the high cost of low rolling radial tires. These tires are more expensive when compared with the other normal tires for buses and trucks. The manufacturers are unable to keep their product prices low because of the increased price of raw materials; thus customers are not able to afford to replace normal tires with low rolling radial tires.
Key Vendors
- Apollo Vredestein
- Bridgestone
- Michelin
- Continental
- The Goodyear Tire and Rubber
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/3h3t6v/low_rolling
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Sector: Trucks, Buses and Vans, Tyres