Exhibiting a CAGR of 2.24%, the Truck and Bus Tire market is expected to see notable expansion over the research period. Estimated at USD 271.84 billion in 2024, the market is projected to be worth USD 346.98 billion by the end of the forecast period (2025-2035).
Rising demands for better and superior quality tires resulting from higher levels of heavy-duty vehicle manufacture have caused a favorable change in the always growing truck and bus tire market. Moreover, the need for energy-saving products and the more rigorous application of emission criteria help to drive innovative tire technologies with low rolling resistance and low emissions.
The rise of e-commerce and digital logistics has contributed to more freight traffic, which has created a need for high-quality bus and truck tires. As the future electrified and self-driving automobiles will offer essential possibilities in this sector, strong rivalry rounds out the trend. Thus, because of the needs of these cars, manufacturers are developing plans to make suitable tires.
Insights on Market Segments
The worldwide Truck and Bus Tire market has been split into Drive, All Position, and Trailer depending on the Tire Type.
The market has been categorized into Tube Tire and Tubeless Tire depending on the Category.
The worldwide Truck and Bus Tire market has been divided into Up to 20.5"" and Above 20.5"" depending on Rim Size.
The market has been divided into ICE and Electric depending on the Vehicle Propulsion.
The worldwide Truck and Bus Tire market has been divided into Truck and Bus depending on the Application.
The worldwide market has been divided into OEM and Aftermarket depending on the Sales Channel.
Regional Analysis
The regional segmentation of the Truck and Bus Tire Market provides insightful analysis of the geographical distribution and expansion trends of the market. Driven by the existence of large countries like the United States and Canada, North America has a notable market share. The area's dominance is enhanced by its well-developed transportation system and strong demand from logistics and trucking companies. Key markets in Germany, France, and the United Kingdom help Europe to follow closely. High-performance truck and bus tires are in increasing demand as the area's strict emission rules and emphasis on fuel economy drive. Over the predicted timeframe, APAC is expected to see significant expansion. Demand in this area is being driven by rapid urbanization, rising disposable income, and growing transit networks in developing nations as China and India. With possibilities for growth as these areas keep improving their infrastructure and transportation networks, South America and MEA are relatively smaller but rising markets.
Key Players
Key Companies in the Truck and Bus Tire Market Include Cooper Tire, Michelin, Yokohama Tire, Pirelli, Hankook Tire, Toyo Tire, Cheng Shin Tire, Bridgestone, Triangle Tyre, Nexen Tire, Goodyear, Giti Tire, Kumho Tire, Maxxis, and Continental.
- 1 Executive’s Handbook
- 2 Market Introduction
- 2.1 Definition
- 2.2 Market Structure
- 3 Research Methodology
- 3.1 Overview
- 3.2 Data Flow
- 3.2.1 Data Mining Process
- 3.3 Purchased Database:
- 3.4 Secondary Sources:
- 3.4.1 Secondary Research Data Flow:
- 3.5 Primary Research:
- 3.5.1 Primary Research Data Flow:
- 3.5.2 Primary Research: Number Of Interviews Conducted
- 3.5.3 Primary Research: Regional Coverage
- 3.6 Approaches For Market Size Estimation:
- 3.6.1 Revenue Analysis Approach
- 3.7 Data Forecasting
- 3.7.1 Data Forecasting Technique
- 3.8 Data Modeling
- 3.8.1 Microeconomic Factor Analysis:
- 3.8.2 Data Modeling:
- 3.9 Teams And Analyst Contribution
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Growth Parameters Mapped – Drivers
- 4.2.1 Increasing Demand For E-commerce And Freight Transport
- 4.2.2 Rising Infrastructure Development And Construction Activities
- 4.2.3 Technological Advancements In Tire Manufacturing
- 4.2.4 Growing Environmental Regulations And Demand For Fuel Efficiency
- 4.2.5 Replacement Tire Market Growth Due To Vehicle Aging
- 4.3 Growth Inhibitors Mapped - Restraints
- 4.3.1 Volatility In Raw Material Prices
- 4.3.2 Intense Competition Leading To Pricing Pressure
- 4.3.3 Economic Slowdown In Key Markets
- 4.3.4 Stringent Regulatory Requirements
- 4.3.5 Challenges In Distribution And Supply Chain Management
- 4.4 Market Opportunities Mapped
- 4.4.1 Expansion Into Emerging Markets
- 4.4.2 Innovative Tire Recycling Initiatives
- 4.4.3 Adoption Of Smart Tires With Iot Technology
- 4.4.4 Increased Focus On Safety And Performance Standards
- 4.4.5 Strategic Partnerships With Fleet Operators
- 4.5 Market & Technology Trends
- 4.5.1 Advanced Tire Manufacturing Technologies
- 4.5.2 Sustainable And Eco-friendly Tires
- 4.5.3 Integration Of Smart Tire Technologies
- 4.5.4 Digital Sales And Distribution Channels
- 4.5.5 Rising Demand For Retread Tires
- 4.6 Impact Analysis Of Covid-19
- 4.6.1 Impact 0n The Overall Automotive
- 4.6.1.1 Impact On Global Truck And Bus Tire Market
- 4.6.2 Impact On Supply Chain Of Truck And Bus Tire Market
- 4.6.3 Impact On Market Demand Of Truck And Bus Tire Market
- 4.6.4 Impact On Pricing Of Truck And Bus Tire Market
- 5 Market Factor Analysis
- 5.1 Supply/Value Chain Analysis
- 5.1.1 Participants (At Different Nodes)
- 5.1.1.1 Raw Material Suppliers
- 5.1.1.2 Manufacturers
- 5.1.1.3 Distribution Channel
- 5.1.1.4 End-user
- 5.1.2 Integration Levels
- 5.1.3 Key Issues Addressed (Key Success Factors)
- 5.2 Porter’s Five Forces Model
- 5.2.1 Bargaining Power Of Suppliers
- 5.2.2 Bargaining Power Of Buyers
- 5.2.3 Threat Of New Entrants
- 5.2.4 Threat Of Substitutes
- 5.2.5 Intensity Of Rivalry
- 5.3 Regulatory Outlook
- 5.3.1 Safety And Performance Regulations
- 5.3.2 Environmental Regulations
- 5.3.3 Trade And Import Regulations
- 5.3.4 Product Safety And Consumer Protection Regulations
- 5.3.5 Intellectual Property And Innovation Regulations
- 5.4 Patent Trends Analysis
- 5.4.1 Increasing Patent Filings Reflecting Technological Advancements
- 5.4.2 Focus On Smart And Connected Tire Technologies
- 5.4.3 Emphasis On Sustainable And Eco-friendly Innovations
- 5.4.4 Regional Patent Activity And Competitive Landscape
- 5.4.5 Challenges And Opportunities In Patent Protection
- 5.5 Market Swot Analysis
- 5.5.1 Strengths
- 5.5.2 Weaknesses
- 5.5.3 Opportunities
- 5.5.4 Threats
- 5.6 Market Pestel Analysis
- 5.6.1 Political Factors
- 5.6.2 Economic Factors
- 5.6.3 Social Factors
- 5.6.4 Technological Factors
- 5.6.5 Environmental Factors
- 5.6.6 Legal Factors
- 5.7 Future Technological Innovations
- 5.8 Pricing Trends Analysis, ($/Unit)
- 5.9 Demand Side Analysis
- 6 Global Truck And Bus Tire Market, By Tire Type
- 6.1 Introduction
- 6.2 Drive
- 6.3 All Position
- 6.4 Trailer
- 7 Global Truck And Bus Tire Market, By Category
- 7.1 Introduction
- 7.2 Tubeless Tire
- 7.3 Tube Tire
- 8 Global Truck And Bus Tire Market, By Rim Size
- 8.1 Introduction
- 8.2 Up To 20.5
- 8.3 Above 20.5
- 9 Global Truck And Bus Tire Market, By Vehicle Propulsion
- 9.1 Introduction
- 9.2 Electric
- 9.3 Ice
- 10 Global Truck And Bus Tire Market, By Application
- 10.1 Introduction
- 10.2 Bus
- 10.3 Truck
- 11 Global Truck And Bus Tire Market, By Sales Channel
- 11.1 Introduction
- 11.2 Oem
- 11.3 Aftermarket
- 12 Global Truck And Bus Tire Market, By Region
- 12.1 Overview
- 12.2 North America
- 12.2.1 United States
- 12.2.2 Canada
- 12.2.3 Mexico
- 12.3 Europe
- 12.3.1 Germany
- 12.3.2 Uk
- 12.3.3 France
- 12.3.4 Italy
- 12.3.5 Serbia
- 12.3.6 Spain
- 12.3.7 Rest Of Europe
- 12.4 Asia-pacific
- 12.4.1 China
- 12.4.2 India
- 12.4.3 Japan
- 12.4.4 South Korea
- 12.4.5 Malaysia
- 12.4.6 Thailand
- 12.4.7 Indonesia
- 12.4.8 Rest Of Asia Pacific
- 12.5 South America
- 12.5.1 Brazil
- 12.5.2 Argentina
- 12.5.3 Chile
- 12.5.4 Rest Of Latin America
- 12.6 Mea
- 12.6.1 Uae
- 12.6.2 Saudi Arabia
- 12.6.3 South Africa
- 12.6.4 Rest Of Mea
- 13 Competitive Landscape
- 13.1 Introduction
- 13.2 Competition Dashboard
- 13.3 Market Share Analysis, 2024
- 13.4 Key Developments & Growth Strategies
- 13.4.1 Merger And Acquisition
- 13.4.2 Launch
- 13.4.3 Expansion
- 14 Company Profiles
- 14.1 The Goodyear Tire & Rubber Co
- 14.1.1 Company Overview
- 14.1.2 Financial Overview
- 14.1.3 Products Offered
- 14.1.4 Key Developments
- 14.1.5 Swot Analysis
- 14.1.6 Key Strategy
- 14.2 Bridgestone
- 14.2.1 Company Overview
- 14.2.2 Financial Overview
- 14.2.3 Products Offered
- 14.2.4 Key Developments
- 14.2.5 Swot Analysis
- 14.2.6 Key Strategy
- 14.3 Continental Ag
- 14.3.1 Company Overview
- 14.3.2 Financial Overview
- 14.3.3 Products Offered
- 14.3.4 Key Developments
- 14.3.5 Swot Analysis
- 14.3.6 Key Strategy
- 14.4 Michelin Lifestyle
- 14.4.1 Company Overview
- 14.4.2 Products Offered
- 14.4.3 Key Developments
- 14.4.4 Swot Analysis
- 14.4.5 Key Strategy
- 14.5 The Yokohama Rubber Co., Ltd.
- 14.5.1 Company Overview
- 14.5.2 Financial Overview
- 14.5.3 Products Offered
- 14.5.4 Key Developments
- 14.5.5 Swot Analysis
- 14.5.6 Key Strategy
- 14.6 Kumho Tire Co., Inc
- 14.6.1 Company Overview
- 14.6.2 Products Offered
- 14.6.3 Key Developments
- 14.6.4 Swot Analysis
- 14.6.5 Key Strategy
- 14.7 Apollo Tyres Ltd
- 14.7.1 Company Overview
- 14.7.2 Financial Overview
- 14.7.3 Products Offered
- 14.7.4 Key Developments
- 14.7.5 Swot Analysis
- 14.7.6 Key Strategy
- 14.8 Mrf Tyres
- 14.8.1 Company Overview
- 14.8.2 Financial Overview
- 14.8.3 Products Offered
- 14.8.4 Key Developments
- 14.8.5 Swot Analysis
- 14.8.6 Key Strategy
- 14.9 Jk Tyre & Industries Ltd
- 14.9.1 Company Overview
- 14.9.2 Financial Overview
- 14.9.3 Products Offered
- 14.9.4 Key Developments
- 14.9.5 Swot Analysis
- 14.9.6 Key Strategy
- 14.10 Giti Fleet
- 14.10.1 Company Overview
- 14.10.2 Products Offered
- 14.10.3 Key Developments
- 14.10.4 Swot Analysis
- 14.10.5 Key Strategy
- 14.11 Balkrishna Industries Limited (Bkt)
- 14.11.1 Company Overview
- 14.11.2 Financial Overview
- 14.11.3 Key Developments
- 14.11.4 Products Offered
- 14.11.5 Swot Analysis
- 14.11.6 Key Strategy
- 14.12 Nokian Tyres Plc
- 14.12.1 Company Overview
- 14.12.2 Financial Overview
- 14.12.3 Key Developments
- 14.12.4 Products Offered
- 14.12.5 Swot Analysis
- 14.12.6 Key Strategy
- 14.13 Hankook Tire & Technology
- 14.13.1 Company Overview
- 14.13.2 Key Developments
- 14.13.3 Products Offered
- 14.13.4 Swot Analysis
- 14.13.5 Key Strategy
- 14.14 Prometeon Tyre Group S.R.L
- 14.14.1 Company Overview
- 14.14.2 Key Developments
- 14.14.3 Products Offered
- 14.14.4 Swot Analysis
- 14.14.5 Key Strategy
- 14.15 Ceat Ltd
- 14.15.1 Company Overview
- 14.15.2 Financial Overview
- 14.15.3 Key Developments
- 14.15.4 Products Offered
- 14.15.5 Swot Analysis
- 14.15.6 Key Strategy
- List Of Tables
- Table 1 Qfd Modeling For Market Share Assessment
- Table 2 Global Truck And Bus Tire Market, By Tire Type, 2019-2035 (Usd Million)
- Table 3 Global Truck And Bus Tire Market, By Tire Type, 2019-2035 (Thousand Units)
- Table 4 Global Truck And Bus Tire Market, By Category, 2019-2035 (Usd Million)
- Table 5 Global Truck And Bus Tire Market, By Category, 2019-2035 (Thousand Units)
- Table 6 Global Truck And Bus Tire Market, By Rim Size, 2019-2035 (Usd Million)
- Table 7 Global Truck And Bus Tire Market, By Rim Size, 2019-2035 (Thousand Units)
- Table 8 Global Truck And Bus Tire Market, By Vehicle Propulsion, 2019-2035 (Usd Million)
- Table 9 Global Truck And Bus Tire Market, By Vehicle Propulsion, 2019-2035 (Thousand Units)
- Table 10 Global Truck And Bus Tire Market, By Application, 2019-2035 (Usd Million)
- Table 11 Global Truck And Bus Tire Market, By Application, 2019-2035 (Thousand Units)
- Table 12 Global Truck And Bus Tire Market, By Sales Channel, 2019-2035 (Usd Million)
- Table 13 Global Truck And Bus Tire Market, By Sales Channel, 2019-2035 (Thousand Units)
- Table 14 Global Truck And Bus Tire Market, By Region, 2019-2035 (Usd Million)
- Table 15 Global Truck And Bus Tire Market, By Region, 2019-2035 (Thousand Units)
- Table 16 North America: Truck And Bus Tire Market, By Country, 2019-2032 (Usd Million)
- Table 17 North America: Truck And Bus Tire Market, By Country, 2019-2032 (Thousand Units)
- Table 18 North America Truck And Bus Tire Market, By Tire Type, 2019-2035 (Usd Million)
- Table 19 North America Truck And Bus Tire Market, By Tire Type, 2019-2035 (Thousand Units)
- Table 20 North America Truck And Bus Tire Market, By Category, 2019-2035 (Usd Million)
- Table 21 North America Truck And Bus Tire Market, By Category, 2019-2035 (Thousand Units)
- Table 22 North America Truck And Bus Tire Market, By Rim Size, 2019-2035 (Usd Million)
- Table 23 North America Truck And Bus Tire Market, By Rim Size, 2019-2035 (Thousand Units)
- Table 24 North America Truck And Bus Tire Market, By Vehicle Propulsion, 2019-2035 (Usd Million)
- Table 25 North America Truck And Bus Tire Market, By Vehicle Propulsion, 2019-2035 (Thousand Units)
- Table 26 North America Truck And Bus Tire Market, By Application, 2019-2035 (Usd Million)
- Table 27 North America Truck And Bus Tire Market, By Application, 2019-2035 (Thousand Units)
- Table 28 North America Truck And Bus Tire Market, By Sales Channel, 2019-2035 (Usd Million)
- Table 29 North America Truck And Bus Tire Market, By Sales Channel, 2019-2035 (Thousand Units)
- List Of Figures
- Figure 1 Global Truck And Bus Tire Market: Structure
- Figure 2 Global Truck And Bus Tire Market: Market Growth Factor Analysis (2025-2035)
- Figure 3 Driver Impact Analysis (2023-2032)
- Figure 4 Restraint Impact Analysis (2022-2032)
- Figure 5 Opportunity Impact Analysis (2022-2032)
- Figure 6 Supply/Value Chain Analysis: Global Truck And Bus Tire Market
- Figure 7 Porter’s Five Forces Model: Global Truck And Bus Tire Market
- Figure 8 Global Truck And Bus Tire Market, By Tire Type, Segment Attractiveness Analysis
- Figure 9 Global Truck And Bus Tire Market, By Category, Segment Attractiveness Analysis
- Figure 10 Global Truck And Bus Tire Market, By Rim Size, Segment Attractiveness Analysis
- Figure 11 Global Truck And Bus Tire Market, By Vehicle Propulsion, Segment Attractiveness Analysis
- Figure 12 Global Truck And Bus Tire Market, By Application, Segment Attractiveness Analysis
- Figure 13 Global Truck And Bus Tire Market, By Sales Channel, Segment Attractiveness Analysis
- Figure 14 Competitor Dashboard: Global Truck And Bus Tire Market
- Figure 15 Global Truck And Bus Tire Market: Competitive Analysis, 2022
- Figure 16 The Goodyear Tire & Rubber Co: Swot Analysis
- Figure 17 Bridgestone: Swot Analysis
- Figure 18 Continental Ag.: Swot Analysis
- Figure 19 Michelin Lifestyle Ltd: Swot Analysis
- Figure 20 The Yokohama Rubber Co., Ltd.: Swot Analysis
- Figure 21 Kumho Tire Co., Inc: Swot Analysis
- Figure 22 Apollo Tyres Ltd: Swot Analysis
- Figure 23 Mrf Tyres: Swot Analysis
- Figure 24 Jk Tyre & Industries Ltd: Swot Analysis
- Figure 25 Giti Fleet: Swot Analysis
- Figure 26 Balkrishna Industries Limited (Bkt): Swot Analysis
- Figure 27 Nokian Tyres Plc.: Swot Analysis
- Figure 28 Hankook Tire & Technology.: Swot Analysis
- Figure 29 Prometeon Tyre Group S.R.L.: Swot Analysis
- Figure 30 Ceat Ltd: Swot Analysis
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