Report Overview:
The following report titled “Brazil Light Commercial Vehicle Tire Market: By Type of Vehicle (Light Trucks, Light Buses, Pick-Up Trucks & Vans), By Demand Type (OEM, Replacement) and other forecast 2021-2026” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Brazil Light Commercial Vehicle Tire Market Summary
The “Brazil Light Commercial Vehicle Tire Market” is likely to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth primarily attributes to the burgeoning usage of light trucks to transport perishables like food & beverage. In addition to this, the rapidly expanding e-commerce industry, which is heavily reliant on light commercial vehicle tires for intercity and intra-city transportation, etc., is another significant factor fueling the growth of the Light Commercial Vehicle Tire Market in Brazil.
Report Coverage & Details
- Forecast Period: 2021-2026
- Base Year: 2020
- CAGR: 8%
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Brazil Light Commercial Vehicle Tire Market Driver:
Brazil Light Commercial Vehicle Tire Market has gained significant momentum over the past few years. After experiencing severe economic crises in 2014 due to political instability, the country’s GDP started reviving in 2016 due to the growth of foreign investment, which surged the per capita income. Hence, this enhanced domestic production for LCVs coupled with the implementation of the government’s favorable policies is likely to positively influence the growth of the Brazil LCV Tire Market during the forecast years.
Segmentation Analysis: Brazil Light Commercial Vehicle Tire Market
By Type of Vehicle
- Light Trucks
- Light Buses
- Pick-Up Trucks & Vans
By Demand Type
- OEM
- Replacement
By Type of Tire
- Radial
- Bias
By Tube Type
- Tubed
- Tubeless
By Price Category
- Budget (Upto USD 120)
- Economy (USD 121- USD 200)
- Premium (Above USD 200)
By Rim Size
- Upto 15”
- 1” to 16”
- Above 16”
By End User
- Agricultural Transportation
- Dairy and Meat Transportation
- Ecommerce
- Others (Public Transportation, FMCG Transportation, etc)
By Region
- Northeast
- South
- Southeast
- Center-West
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Leading Players Analysis: Brazil Light Commercial Vehicle Tire Market
The report provides detailed analysis of key players in the Brazil Light Commercial Vehicle Tire market, highlighting their strategies and competitive scenario.
- Bridgestone
- Continental
- Michelin
- Goodyear
- Pirelli
- Yokohama
- Apollo
- Others
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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