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Forestry Equipment Tires Market to Expand at a CAGR of 5.7 % During 2018-2028 – Persistence Market Research

Vlad Poptamas



Reading Time: 3 minutes


PMR delivers key insights on the global forestry equipment tires market in its latest research report titled “Forestry Equipment Tires Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028”, which analyzes the global forestry equipment tires market and offers comprehensive insights and statistic for the next ten years.

On the basis of insights and findings in the report, the long-term stance for the global forestry equipment tires market is expected to be positive with an estimated value CAGR of 5.7% during the forecast period. Increasing demand for wood and wood products, coupled with the shift towards mechanization and automation in forestry operation to increase efficiency and output, is one of the key factors expected to lay a robust foundation for the growth of the forestry equipment tires market during the forecast period. The global forestry equipment tires market is estimated to create an incremental $ opportunity of US$ 920.8 Mn during the forecast period.

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Global Forestry Equipment Tires Market Dynamics

The forestry equipment tires market is expected to witness healthy growth throughout the forecast period. The long-term growth in the demand for forestry equipment tires is expected to be driven by the socioeconomic outlook, which in turn rests on the changing demographic, continuous economic growth, urbanization and increasing affluent population. Growing urbanization has led to an increase in the demand for wood & wood products. Manufacturers across the region are increasingly adopting stable, reliable and comfortable forestry equipment to increase efficiency and output. This scenario is likely to result in mounting production of forestry equipment – driving the demand for forestry equipment tires from the OEM segment. Furthermore, recovery of the construction industry across developed geographies such as North America and Europe is expected to drive the demand for wood, supporting the growth of the forestry equipment tires market. Forestry equipment generally are expensive and require periodic maintenance checks for smooth operations. The high price of forestry equipment as well as the high maintenance cost, which restrains their adoption in developing countries and further hinders the growth of forestry equipment tires in these regions.

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Global Forestry Equipment Tires Market: Segmentation Overview

  • On the basis of type, the pneumatic segment is expected to be a high value segment, accounting for a significant share of the global forestry equipment tires market. While the segment is expected to witness robust growth during the forecast period, it is expected to face stiff competition from solid tires and polymer based tires, owing to their enhanced performance and longer work life.
  • Among equipment type segments, the forestry tractor tires segment is pegged to be a prominent segment in the global forestry equipment tires market. The segment is expected to maintain its prominence through the forecast period. The forestry skidders and forwarders segment is expected to expand at a significant pace during the forecast period
  • By sales channel type, the aftersales channel segment dominates the global forestry equipment tires market with a significant share and is expected to experience robust growth during the forecast period

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Global Forestry Equipment Tires Market: Vendor Insights

The global forestry equipment tires market is consolidated with tier-I players accounting for a significant share during 2018. Some of the leading market participants operating in the global forestry equipment tires market, including MICHELIN, Nokian Tyres plc, Bridgestone Corporation, Titan International, Inc., Balkrishna Industries Limited, The Yokohama Rubber Co. Ltd., Trelleborg AB, Qingdao Qizhou Rubber Co. Ltd., Maxam Tire International LTD and Tianjin United Tire & Rubber International Company Limited.

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The Global Forestry Equipment Tires Market has been segmented as presented below:

Global Forestry Equipment Tires Market, By Geography:

  • North America
  • Latin America
  • Europe
  • China
  • Japan
  • South East Asia & Other APAC
  • Middle East & Africa

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Persistence Market Research Overview

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

SOURCE Persistence Market Research Pvt. Ltd.


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Nationwide partners with Slice Labs to develop on-demand auto insurance for rideshare drivers

Vlad Poptamas



Reading Time: 2 minutes


As the number of rideshare drivers continues to increase in the U.S., many face a complex gauntlet when seeking auto insurance solutions to meet their needs. Nationwide has taken an innovative step to develop on-demand rideshare insurance solutions for drivers who work for transportation network companies (TNC), such as Uber and Lyft, through its new partnership with Slice Labs, an insurance cloud services platform provider.

“This partnership exemplifies our commitment to innovation by leveraging technology to provide rideshare drivers with a flexible and comprehensive insurance product,” said Teresa Scharn, associate vice president of product development for Nationwide. “We are partnering with Slice Labs to develop a new insurance solution for rideshare drivers that is not available on typical ridesharing endorsements or available through TNC companies.”

Nationwide and Slice Labs are developing an insurance solution for rideshare drivers that will enable them to purchase on-demand coverage unique to their industry via an app, and at variable increments that align with the time they are driving for their ridesharing platform. Coverage spans from the moment rideshare drivers activate coverage on the app to when they stop coverage on the app. This timespan can range from just a few minutes up to multiple hours.

“The rideshare market is a prime example of the benefits of providing on-demand services to consumers,” said Tim Attia, CEO of Slice Labs. “The partnership with Nationwide is an important step in the evolution of the traditional auto product to meet the demands of future mobility solutions in an increasingly digital and on-demand world.”

Nationwide plans to launch its new insurance solution for rideshare drivers later this year.

Nationwide innovation efforts gain momentum

The partnership with Slice Labs is one of many actions Nationwide is taking to meet member needs now and in the future. Other actions include:

SOURCE Nationwide

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Amusement Parks and Tourist Attractions 

RVshare Launches National Parks Guides

Vlad Poptamas



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Reading Time: 2 minutes


RVshare, the world’s largest RV rental marketplace, has launched in-depth guides to all 60 of the United States’ National Parks. According to RVshare customer data, more than half of RV renters are headed to national parks. In response, RVshare’s team of travel experts created these guides to serve as an easy-to-use online resource to navigate the ins and outs of national parks. They provide valuable tips in one place, including the best hiking trails, nearby towns and entertainment, where to camp, and more. Explore the guides at

“We want to change the way people experience our National Parks,” says Megan Buemi, Sr. Content Marketing Manager at RVshare. “Taking an RV trip lets travelers really get up close and personal with what the parks have to offer. Being able to camp right in the park under the stars, or step out of your RV to start hiking up a mountain or along a beach is a pretty incredible and unique experience.”

According to the National Park Service, an estimated 331 million people visited National Parks in the U.S. in 2017. With 60 parks spanning across the country, adventure-seekers in every region have access to explore at least one of the scenic, preserved lands. In addition to popular destinations like the Grand Canyon, the RVshare National Park guides spotlight lesser-known parks, such as Wind Cave in South Dakota, and the remote North Cascades in Washington.

With the guides, RVshare’s goal is to highlight the breathtaking views, incredible wildlife and endless adventure of the parks and encourage travelers to explore the beautiful escapes in an unparalleled experience, quite different than staying at a hotel and driving in for the day. In addition to being immersed in nature and having immediate access to campfires and beautiful trails, RVs offer the added benefit of bringing more family members and pets along.

Other features to enhance the experience include RV delivery options in select cities, roadside assistance and 24/7 customer service and insurance.

For additional information and to book your next rental, visit



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Laser Cutting Machine Market to Witness Growth Owing to Rising Demand From Automotive Industry by 2028 | Million Insights

Vlad Poptamas



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Reading Time: 3 minutes


Global Laser Cutting Machine Market is estimated to grow considerably in the forecast period owing to the flourishing automotive industry. Laser cutting is a technology that cuts steel and alloy materials used for industrial applications. It is majorly used in applications, such as internal and external body fabrication for aircraft, ships, robots, automobiles, art and sculpture. Laser cutting machines enable metal fabricators to manufacture high-quality components that need minimum, if any, finishing work. In the laser cutting process, laser never damages the metal, leading to less or no wearing out on the machine.

Laser cutting machine market is majorly driven by growing industrialization, increase in urbanization, high adoption of laser cutting machines by end users, and rise in investments by manufacturers. However, significant cost associated with the installation of these machines, low technical expertise and high consumption of power are predicted to restrain the laser cutting machine industry.

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Increasing automation in laser cutting machines is an emerging trend in the market. Moreover, manufacturers are increasingly focusing on reducing prices of laser cutting machines due to high adoption by end users and intense competition among the market players. Laser cutting machines market is categorized on the basis of process, technology, end user, and geography. On the basis of process, laser cutting machine industry is divided into flame cutting, fusion cutting, and sublimation cutting.

Based on technology, laser cutting machine market is split into gas lasers, semiconductor lasers, and solid state conductors. Gas segment is anticipated to lead the market in future due to rise in demand for better-quality equipment and machining tools. Moreover, semiconductor lasers segment is expected to lead the market due to its wide applications. Semiconductors are comparatively cheaper than other types of lasers, consumer less power, and are compact in size.

In terms of end user, laser cutting machine industry is bifurcated into consumer electronics, industrial use, automotive applications, defence and aerospace, and others. Consumer electronics segment is predicted to contribute significantly to the market due to growing urbanization and high demand from consumer electronics from both developing and developed economies. Furthermore, defence and aerospace and automotive segments lead the market due to increase in applications and rise in demand for automobiles.

Geographically, laser cutting machines market is segmented as North AmericaLatin AmericaEuropeAsia Pacific, and Middle East & AfricaNorth America is predicted to dominate the market owing to the mature industrial market. Asia Pacific also leads the market due to developments in the automotive sector, increase in demand for consumer electronics and growing industrialization.

The leading players in laser cutting machines industry include ALPHA Laser GmbH, IPG Photonics Corporation, Jenoptik Laser GmbH, Trumpf GMBH + Co. KG, Amada Miyachi Company, Ltd., Epilog Laser Inc., Coherent Incorporation, Bystronic Incorporated, Cincinnati, Cutlite Penta, CY LASER, DANOBATGROUP, DPSS Laser, Hypertherm, Jenoptik, Laser Photonics, Prima Industries, Trotec Laser, Universal Laser Systems, Vytek Laser Systems, and Xenetech Global.

Browse reports of similar category available with Million Insights:

Market Segment:

  • Leading players of Laser Cutting Machine including:
    • Trumpf
    • Han’S Laser
    • Bystronic
    • Mazak
    • Amada
    • Coherent
    • Prima Power
    • Mitsubishi Electric
    • HG Laser
    • Koike
    • DMG MORI
    • Tianqi Laser
    • Unity Laser
    • LVD
    • Cincinnati
    • Universal Laser Systems
    • Tanaka
    • Penta-Chutian
    • IPG Photonics
    • Lead Laser
    • Epilog Laser
    • Trotec
    • GF
    • CTR Lasers
    • Spartanics
    • Microlution
    • Boye Laser
    • Kaitian Laser
    • HE Laser
    • Golden Laser
  • Market split by Type, can be divided into:
    • CO2 Laser Cutting Machine
    • Fiber Laser Cutting Machine
    • YAG Cutting Machine
  • Market split by Application, can be divided into:
    • Metal Materials Cutting
    • Non-metal Materials Cutting
  • Market split by Sales Channel, can be divided into:
    • Direct Sales
    • Distribution Sales
  • Market segment by Region/Country including:
    • North America (United StatesCanada and Mexico)
    • Europe (Germany, UK, FranceItalyRussia and Spain etc.)
    • Asia-Pacific (ChinaJapan, Korea, IndiaAustralia and Southeast Asia etc.)
    • South America BrazilArgentinaColombia and Chile etc.)
    • Middle East & Africa (South AfricaEgyptNigeria and Saudi Arabia etc.)

SOURCE Million Insights

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