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|North America Solid Tires Market 2022 Segmentation, Key Players Analysis and Forecast to 2027
|Automotive --> Wheels & Rims
|North America Solid Tires Market, North America Solid Tires Market Trends, North America Solid Tires Market Demand, North America Solid Tires Market Share, North America Solid Tires Market Forecast
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
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
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.
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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.
By Assembly Type segment of the North America Solid Tires Market is
Made on Frame /Wheel
Made on Rim
By Vehicle segment of the North America Solid Tires Market is
Crane & Lifts
Airport Passenger Boarding Bridges
By Application segment of the North America Solid Tires Market is
Air & Sea Ports Machinery
By Country segment of the North America Solid Tires Market is
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.
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