Underground Mining Tire Market

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Underground Mining Tire Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Rim Diameter Below 49 inch, Rim Diameter Above 49 inch); By Application (Truck, Bulldozer, Loader); By End User (Industrial, Commercial); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published Date: January 2023
Report ID: BWC23051
Available Format: PDF
Page: 220

Report Overview

Increasing mining activities, rising favorable government policies, and a surging demand for durable mining tires are projected to propel the expansion of Global underground mining tire market during the forecast period between 2023 and 2029.

Global Underground Mining Tire Market - Industry Trends & Forecast Report, 2029

Global underground mining tire market size was estimated at USD 6.78 billion in 2022. During the forecast period between 2023 and 2029, the size of global underground mining tire market is projected to grow at CAGR of 7.3% reaching a value of USD 10.66 billion by 2029. Major growth drivers for global underground mining tire market include increasing government strategies and activities to promote mining projects and increasing demand for natural minerals in a variety of end-use sectors, along with increased use of radial tires. Growing global need for power generation, as well as increased global population demand for energy and minerals, are predicted to drive industry growth. Over the projection period, an increase in construction activity across regions is expected to drive market penetration. The increasing use of mining applications due to its heavy-duty nature has fueled its acceptance rate. The increased number of mines due to key operators' increased attention on exploration projects will result in high installation rates during the projection timeframe. Therefore, all these factors are expected to fuel the expansion of global underground mining tire market.

Global Underground Mining Tire Market

Global Underground Mining Tire Market – Overview

Among the major resources extracted from the earth are coal, iron ore, limestone, silver, bauxite, copper, and gold. The increase in mining production is likely to encourage demand for new mining equipment in the field, which will increase demand for mining tires. The majority of the work is now done in mining areas using various machineries, necessitating tire replacement at regular intervals, which is projected to boost the market further over the forecast period. Increasing demand for retreated mining tires, increased government initiatives to encourage mining operations, and tire manufacturers extending their distribution and dealership network are some of the causes fueling global demand for underground mining tires. Also, the increasing number of underground mining activities is predicted to boost the global sale of underground mining trucks.

Global Underground Mining Tire Market

Growth Drivers

Favorable Government Policies

The mining market is projected to be driven by government policies that assist the mining industry. Subsidies are being provided by governments, and foreign direct investments (FDIs) are being encouraged in the mining industry. The amount of government support includes investment in mining projects by governments' public finance institutions such as bilateral development banks and export credit agencies, fiscal support through budget allocations and tax exemptions, and investments by majority state-owned mining and utility companies.

Restraints

Changes in Raw Material Prices

Market conditions are driving up the cost of many raw materials, and purchasers are currently inundated with price hikes across a wide range of products. Raw material prices are rising, and firms are facing cascading issues throughout their supply chains. Manufacturers are still dealing with the two supply chain obstacles that have plagued the industry during the pandemic: sluggish supplier deliveries and labor availability.

Impact of COVID-19 on Global Underground Mining Tire Market

The COVID-19 had a detrimental impact on global underground mining tire market due to which the value of the tire business fell dramatically in 2020. The value of the passenger tire business fell dramatically in 2020 as a result of the global coronavirus pandemic. Temporary halts in various industries' production lines, including the automotive industries, and disruptions in the raw material supply chain halt tire production, negatively impacting passenger tire market growth. Bridgestone and Goodyear were also compelled to halt their manufacturing activities, resulting in decreased tire sales worldwide. However, ongoing development of manufacturing technology and materials by major market players, as well as investment in the underground mining, are projected to give opportunities for market expansion in the near future.

Global Underground Mining Tire Market

Segmental Coverage

Global Underground Mining Tire Market – By Type

By type, Global underground mining tire market is bifurcated into Rim Diameter Below 49 inch and Rim Diameter Above 49 inch segments. The rim diameter above 49 inch segment is expected to hold a higher market share. The Underground Mining Tire is also known as huge mining tires if its diameter exceeds 49 inches. These tires have a rim diameter greater than or equal to 49 inches and are larger than the usual size of 29 inches to 48 inches. They have huge diameters ranging from 51 to 55 inches and can weigh up to 80 tons at its maximum load capacity. They have an overall width of 1250 mm or larger, rim diameters greater than 780 mm, and tire bead seat diameters ranging from 620 to 780 mm.

Underground Mining Tire Market Share

Global Underground Mining Tire Market – By Application

Based on application, global underground mining tire market is segmented into Truck, Bulldozer, and Loader. The truck segment holds the highest market share during the forecast period. Underground mining tires are big pneumatic tires capable of carrying a heavy weight. It has the appearance of an enlarged bicycle or tractor wheel, but it contains an inner tube to keep air pressure inside and steel belts beneath the treads for added strength. Tire wheels support machinery that is constantly going back and forth along tracks, such as shuttle cars in underground mines. Underground mining tires are used in trucks to move minerals from one location to another. The tire plays a vital role in providing support and comfort during the transportation process, which can help you avoid any kind of accident while carrying heavy loads with trucks on various rugged terrains.

Underground Mining Tire Market Size

Global Underground Mining Tire Market – By Region

Regionally, global underground mining tire market covers North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America leads the global underground mining tire market by region, owing to increased construction activity and rising demand from key industry players, such as Atlas Copco, Joy Global Inc., Komatsu Ltd., and Terex Corporation. In the worldwide underground mining tire market, Latin America is predicted to be the fastest-growing region. This rise is expected to be linked to increased investments by major businesses in North America, Europe, and Asia Pacific, which are seen as crucial locations for many manufacturers.

Competitive Landscape

Major players operating in global underground mining tire market include Bridgestone, Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber, Guizhou Tire, BKT, Double Coin Holdings, Apollo Tyres, Triangle Tyre, and Techking Tires. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Billion
Market Coverage	North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, The Netherlands, Belgium, NORDIC Countries, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, Iran, South Africa, Nigeria, Kenya, Egypt, Morocco, Algeria, Rest of Middle East & Africa)
Product/ Service Segmentation	Type, Application, Region
Key Players	Bridgestone, Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber, Guizhou Tire, BKT, Double Coin Holdings, Apollo Tyres, Triangle Tyre, Techking Tires

By Type

Rim Diameter Below 49 inch
Rim Diameter Above 49 inch

By Application

Truck
Bulldozer
Loader

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
Global Underground Mining Tire Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Increase in Mining Activities
    2. Favorable Government Policies
    3. Increasing Demand for Long Lasting Durable Mining Tires
  2. Restraints
    1. Changes in Raw Material Prices
  3. Opportunities
    1. Growing Investments on R&D Activities
  4. Challenges
    1. Short Lifespan of Mining Tires
3. Technology Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global Underground Mining Tire Market Overview
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
    1. Rim Diameter Below 49 inch
    2. Rim Diameter Above 49 inch
  2. By Application
    1. Truck
    2. Bulldozer
    3. Loader
    4. Others
  3. By Region
    1. North America
    2. Europe
    3. Asia Pacific (APAC)
    4. Latin America (LATAM)
    5. Middle East and Africa (MEA)
North America Underground Mining Tire Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Application
  3. By Country
    1. US
      1. By Type
      2. By Application
    2. Canada
      1. By Type
      2. By Application
Europe Underground Mining Tire Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Application
  3. By Country
    1. Germany
      1. By Type
      2. By Application
    2. UK
      1. By Type
      2. By Application
    3. Italy
      1. By Type
      2. By Application
    4. France
      1. By Type
      2. By Application
    5. Spain
      1. By Type
      2. By Application
    6. The Netherlands
      1. By Type
      2. By Application
    7. Belgium
      1. By Type
      2. By Application
    8. NORDIC Countries
      1. By Type
      2. By Application
    9. Rest of Europe
      1. By Type
      2. By Application
Asia-Pacific Underground Mining Tire Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Application
  3. By Country
    1. China
      1. By Type
      2. By Application
    2. India
      1. By Type
      2. By Application
    3. Japan
      1. By Type
      2. By Application
    4. South Korea
      1. By Type
      2. By Application
    5. Australia & New Zealand
      1. By Type
      2. By Application
    6. Indonesia
      1. By Type
      2. By Application
    7. Malaysia
      1. By Type
      2. By Application
    8. Singapore
      1. By Type
      2. By Application
    9. Philippines
      1. By Type
      2. By Application
    10. Vietnam
      1. By Type
      2. By Application
    11. Rest of APAC
      1. By Type
      2. By Application
Latin America Underground Mining Tire Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Application
  3. By Country
    1. Brazil
      1. By Type
      2. By Application
    2. Mexico
      1. By Type
      2. By Application
    3. Argentina
      1. By Type
      2. By Application
    4. Peru
      1. By Type
      2. By Application
    5. Colombia
      1. By Type
      2. By Application
    6. Rest of LATAM
      1. By Type
      2. By Application
Middle East & Africa Underground Mining Tire Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Application
  3. By Country
    1. Saudi Arabia
      1. By Type
      2. By Application
    2. UAE
      1. By Type
      2. By Application
    3. Qatar
      1. By Type
      2. By Application
    4. Kuwait
      1. By Type
      2. By Application
    5. South Africa
      1. By Type
      2. By Application
    6. Nigeria
      1. By Type
      2. By Application
    7. Egypt
      1. By Type
      2. By Application
    8. Rest of MEA
      1. By Type
      2. By Application
Competitive Landscape
1. List of Key Players and Their Offerings
2. Global Underground Mining Tire Company Market Share Analysis, 2022
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
Impact of Covid-19 on Global Underground Mining Tire Market
Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
1. Bridgestone
2. Michelin
3. Titan Tire
4. Chem China
5. Yokohama
6. Goodyear
7. Continental
8. Zhongce Rubber
9. Guizhou Tire
10. BKT
11. Double Coin Holdings
12. Apollo Tyres
13. Triangle Tyre
14. Techking Tires
15. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1 Global Underground Mining Tire Segmentation

Figure 2 Global Underground Mining Tire Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 Global Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 5 Global Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 6 Global Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 7 Global Underground Mining Tire Market Share, By Region, By Value, 2019–2029

Figure 8 North America Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 9 North America Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 10 North America Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 11 North America Underground Mining Tire Market Share, By Country, By Value, 2019–2029

Figure 12 US Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 13 US Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 14 US Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 15 Canada Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 16 Canada Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 17 Canada Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 18 Europe Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 19 Europe Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 20 Europe Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 21 Europe Underground Mining Tire Market Share, By Country, By Value, 2019–2029

Figure 22 Germany Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 23 Germany Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 24 Germany Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 25 UK Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 26 UK Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 27 UK Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 28 Italy Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 29 Italy Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 30 Italy Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 31 France Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 32 France Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 33 France Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 34 Spain Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 35 Spain Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 36 Spain Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 37 The Netherlands Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 38 The Netherlands Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 39 The Netherlands Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 40 Belgium Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 41 Belgium Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 42 Belgium Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 43 NORDIC Countries Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 44 NORDIC Countries Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 45 NORDIC Countries Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 46 Rest of Europe Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 47 Rest of Europe Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 48 Rest of Europe Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 49 Asia-Pacific Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 50 Asia-Pacific Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 51 Asia-Pacific Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 52 Asia-Pacific Underground Mining Tire Market Share, By Country, By Value, 2019–2029

Figure 53 China Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 54 China Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 55 China Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 56 India Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 57 India Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 58 India Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 59 Japan Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 60 Japan Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 61 Japan Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 62 South Korea Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 63 South Korea Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 64 South Korea Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 65 Australia & New Zealand Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 66 Australia & New Zealand Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 67 Australia & New Zealand Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 68 Indonesia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 69 Indonesia Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 70 Indonesia Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 71 Malaysia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 72 Malaysia Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 73 Malaysia Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 74 Singapore Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 75 Singapore Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 76 Singapore Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 77 Philippines Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 78 Philippines Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 79 Philippines Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 80 Vietnam Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 81 Vietnam Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 82 Vietnam Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 83 Rest of APAC Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 84 Rest of APAC Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 85 Rest of APAC Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 86 Latin America Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 87 Latin America Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 88 Latin America Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 89 Latin America Underground Mining Tire Market Share, By Country, By Value, 2019–2029

Figure 90 Brazil Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 91 Brazil Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 92 Brazil Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 93 Mexico Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 94 Mexico Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 95 Mexico Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 96 Argentina Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 97 Argentina Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 98 Argentina Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 99 Peru Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 100 Peru Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 101 Peru Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 102 Colombia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 103 Colombia Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 104 Colombia Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 105 Rest of LATAM Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 106 Rest of LATAM Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 107 Rest of LATAM Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 108 Middle East & Africa Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 109 Middle East & Africa Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 110 Middle East & Africa Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 111 Middle East & Africa Underground Mining Tire Market Share, By Country, By Value, 2019–2029

Figure 112 Saudi Arabia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 113 Saudi Arabia Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 114 Saudi Arabia Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 115 UAE Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 116 UAE Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 117 UAE Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 118 Qatar Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 119 Qatar Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 120 Qatar Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 121 Kuwait Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 122 Kuwait Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 123 Kuwait Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 124 South Africa Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 125 South Africa Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 126 South Africa Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 127 Nigeria Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 128 Nigeria Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 129 Nigeria Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 130 Egypt Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 131 Egypt Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 132 Egypt Underground Mining Tire Market Share, By Application, By Value, 2019–2029

Figure 133 Rest of MEA Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Figure 134 Rest of MEA Underground Mining Tire Market Share, By Type, By Value, 2019–2029

Figure 135 Rest of MEA Underground Mining Tire Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1 Global Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 2 Global Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 3 Global Underground Mining Tire Market Size, By Region, By Value, 2019–2029

Table 4 North America Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 5 North America Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 6 North America Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 7 North America Underground Mining Tire Market Size, By Country, By Value, 2019–2029

Table 8 US Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 9 US Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 10 US Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 11 Canada Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 12 Canada Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 13 Canada Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 14 Europe Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 15 Europe Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 16 Europe Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 17 Europe Underground Mining Tire Market Size, By Country, By Value, 2019–2029

Table 18 Germany Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 19 Germany Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 20 Germany Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 21 UK Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 22 UK Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 23 UK Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 24 Italy Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 25 Italy Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 26 Italy Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 27 France Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 28 France Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 29 France Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 30 Spain Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 31 Spain Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 32 Spain Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 33 The Netherlands Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 34 The Netherlands Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 35 The Netherlands Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 36 Belgium Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 37 Belgium Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 38 Belgium Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 39 NORDIC Countries Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 40 NORDIC Countries Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 41 NORDIC Countries Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 42 Rest of Europe Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 43 Rest of Europe Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 44 Rest of Europe Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 45 Asia-Pacific Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 46 Asia-Pacific Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 47 Asia-Pacific Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 48 Asia-Pacific Underground Mining Tire Market Size, By Country, By Value, 2019–2029

Table 49 China Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 50 China Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 51 China Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 52 India Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 53 India Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 54 India Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 55 Japan Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 56 Japan Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 57 Japan Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 58 South Korea Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 59 South Korea Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 60 South Korea Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 61 Australia & New Zealand Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 62 Australia & New Zealand Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 63 Australia & New Zealand Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 64 Indonesia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 65 Indonesia Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 66 Indonesia Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 67 Malaysia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 68 Malaysia Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 69 Malaysia Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 70 Singapore Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 71 Singapore Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 72 Singapore Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 73 Philippines Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 74 Philippines Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 75 Philippines Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 76 Vietnam Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 77 Vietnam Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 78 Vietnam Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 79 Rest of APAC Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 80 Rest of APAC Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 81 Rest of APAC Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 82 Latin America Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 83 Latin America Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 84 Latin America Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 85 Latin America Underground Mining Tire Market Size, By Country, By Value, 2019–2029

Table 86 Brazil Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 87 Brazil Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 88 Brazil Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 89 Mexico Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 90 Mexico Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 91 Mexico Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 92 Argentina Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 93 Argentina Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 94 Argentina Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 95 Peru Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 96 Peru Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 97 Peru Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 98 Colombia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 99 Colombia Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 100 Colombia Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 101 Rest of LATAM Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 102 Rest of LATAM Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 103 Rest of LATAM Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 104 Middle East & Africa Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 105 Middle East & Africa Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 106 Middle East & Africa Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 107 Middle East & Africa Underground Mining Tire Market Size, By Country, By Value, 2019–2029

Table 108 Saudi Arabia Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 109 Saudi Arabia Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 110 Saudi Arabia Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 111 UAE Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 112 UAE Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 113 UAE Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 114 Qatar Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 115 Qatar Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 116 Qatar Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 117 Kuwait Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 118 Kuwait Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 119 Kuwait Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 120 South Africa Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 121 South Africa Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 122 South Africa Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 123 Nigeria Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 124 Nigeria Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 125 Nigeria Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 126 Egypt Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 127 Egypt Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 128 Egypt Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 129 Rest of MEA Underground Mining Tire Market Size, By Value (USD Million), 2019–2029

Table 130 Rest of MEA Underground Mining Tire Market Size, By Type, By Value, 2019–2029

Table 131 Rest of MEA Underground Mining Tire Market Size, By Application, By Value, 2019–2029

Table 132 Bridgestone Company Overview

Table 133 Bridgestone Financial Overview

Table 134 Michelin Company Overview

Table 135 Michelin Financial Overview

Table 136 Titan Tire Company Overview

Table 137 Titan Tire Financial Overview

Table 138 Chem China Company Overview

Table 139 Chem China Financial Overview

Table 140 Yokohama Company Overview

Table 141 Yokohama Financial Overview

Table 142 Goodyear Company Overview

Table 143 Goodyear Financial Overview

Table 144 Continental Company Overview

Table 145 Continental Financial Overview

Table 146 Zhongce Rubber Company Overview

Table 147 Zhongce Rubber Financial Overview

Table 148 Guizhou Tire Company Overview

Table 149 Guizhou Tire Financial Overview

Table 150 BKT Company Overview

Table 151 BKT Financial Overview

Table 152 Double Coin Holdings Company Overview

Table 153 Double Coin Holdings Financial Overview

Table 154 Apollo Tyres Company Overview

Table 155 Apollo Tyres Financial Overview

Table 156 Triangle Tyre Company Overview

Table 157 Triangle Tyre Financial Overview

Table 158 Techking Tires Company Overview

Table 159 Techking Tires Financial Overview

Market Segmentation

By Type

Rim Diameter Below 49 inch
Rim Diameter Above 49 inch

By Application

Truck
Bulldozer
Loader

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Frequently Asked Questions (FAQs):

1. Which region holds the leadership position in Global Underground Mining Tire Market?

Ans: North America holds the highest market share in the Global Underground Mining Tire Market.

2. What is the current market size of Global Underground Mining Tire Market?

Ans: In 2022, Global Underground Mining Tire Market size was estimated at USD 6.78 billion.

3. What are the major factors driving the growth of Global Underground Mining Tire Market?

Ans: Major factors driving the growth of Global Underground Mining Tire Market include increasing mining activities, rising favorable government policies, and surging demand for long lasting durable mining tires.

4. Which segment account for the highest market share in the Global Underground Mining Tire Market by application?

Ans: The truck segment is expected to hold the highest market share in the Global Underground Mining Tire Market by application.

5. Name the key players in Global Underground Mining Tire Market.

Ans: Key players in Global Underground Mining Tire Market include Bridgestone, Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber, Guizhou Tire, BKT, Double Coin Holdings, Apollo Tyres, Triangle Tyre, and Techking Tires.

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