TECHGuru

  Growth of e-Commerce Sector and High Demand for Transportation & Logistics to Aid Market Growth Over the past decade, the expansion of the global truck & bus radial tire market is largely driven by two major factors– increase in the number of trucks and busses on the road and rise in demand for medium-duty trucks worldwide. In addition, as technology continues to advance at a rapid pace, the transportation & logistics sector has witnessed consistent developments over the past couple of decades. In addition, as more number of companies operating in the current global truck & bus radial (TBR) tire market are swaying toward expanding their global presence and market share, the overall truck & bus radial (TBR) tire market landscape is highly competitive. Moreover, factors such as trade war between the U.S. and China, rise in the production levels of truck & bus radial (TBR) tires worldwide, and surge in the number of last mile deliveries d...