Market Insights and Analysis: Brazil Truck Tire Market Overview and Projections (2023-2028)
The Brazil Truck Tire Market is estimated to grow at a CAGR of around 5.42% during the forecast period, i.e., 2023-28.
Top leading companies in the Brazil Truck Tire Market includes:
Bridgestone Do Brasil Industria E Comercio Ltda., Goodyear Do Brasil Produtos De Borracha Ltda., Prometeon Tyre Group Industria Brasil Ltda, Pirelli Ltda., Michelin, JK Tire Brazil, Sumitomo Rubber do Brasil Ltda., Continental Brasil Industria Automotiva Ltda., Yokohama Rubber Latin America Comercio Ltda., Titan Brazil, Others
- On 2 May 2023, Yokohama Rubber Co., Ltd. completed the acquisition of all outstanding shares of Trelleborg Wheel Systems Holding AB.
- On 6 September 2022, Bridgestone announced an additional investment of more than R$ 270 million in the modernization & expansion of its tire production plant in Camaçari, Bahia, Brazil, i.e., in view of the rising demand for high-performance tires.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Truck Type
-Light
-Medium
-Heavy & Ultra-Heavy
- Radial tires currently dominate the Brazil Truck Tire Market with the largest share.
By Demand Type
-OEM
-Aftermarket
By Type of Tire
-Bias
-Radial
By Application
-General Cargo Transport
-Chemicals Transportation
-Crude Oil Transportation
-Others (Concrete Pump Trucks, Towing, etc.)
By Price Category
-Budget
-Economy
-Premium
By Rim Size
-Up to 20”
-20.1 to 22.5”
-Above 22.5”
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