PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887111
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887111
The global commercial vehicle tires market is experiencing strong and steady growth driven by rising demand for commercial transportation, expanding logistics networks, and rapid technological advancements in tire design. According to the 2024 industry assessment, the market was valued at USD 19.41 billion in 2024, expected to rise to USD 20.71 billion in 2025, and projected to reach USD 33.90 billion by 2032. This growth trajectory reflects a healthy CAGR of 7.2% during the forecast period. Europe held a significant position in 2024, accounting for 9.22% of the global share.
Market Growth Drivers
The expansion of global trade and the increasing demand for heavy-duty and medium-duty commercial vehicles are major contributors to market growth. Commercial trucks, buses, agricultural machinery, and construction vehicles require durable and reliable tires capable of handling long distances, heavy loads, and harsh road conditions.
Technological innovations are transforming the industry. The adoption of smart tire technology, incorporating IoT-enabled sensors to monitor tire pressure, temperature, and tread wear in real time, is rapidly gaining traction. These intelligent systems enable predictive maintenance, reduce downtime, and enhance road safety-highly valuable benefits for fleet operators.
Sustainability trends are also shaping the market. Manufacturers are increasingly introducing eco-friendly tires made from recycled or bio-based compounds. Meanwhile, retreading is gaining popularity as a cost-effective and environmentally friendly solution, especially among fleet operators seeking to reduce operational expenses without compromising performance.
A key example of market innovation occurred in March 2025, when Apollo Tyres Ltd. partnered with CLAAS to launch 14 new commercial tire applications for mid-range ARION tractors-demonstrating rising agricultural and industrial demand.
Market Restraints
Despite growth opportunities, manufacturers face challenges from regulatory complexities. Compliance with varying regional rules on tire safety, emissions, labeling, and cybersecurity (for connected tire technologies) remains difficult. These regulatory pressures increase production costs and slow product rollout.
Additionally, global supply chain disruptions and fluctuating prices of raw materials such as rubber, steel, and petrochemicals create cost uncertainties across the tire manufacturing ecosystem.
Opportunities in Sustainability & Green Tire Technology
Growing global emphasis on reducing carbon emissions is encouraging tire makers to invest in green tire technologies. These innovations aim to minimize rolling resistance, enhance fuel efficiency, and lower greenhouse gas emissions. Manufacturers are exploring recycled materials, sustainable natural rubber, advanced tread designs, and circular economy models such as improved retreading programs.
These developments present strong opportunities for market expansion and wider adoption among environmentally conscious fleet operators.
By Vehicle Weight
The 3.5-16 tons segment dominated in 2024 due to rising demand for medium-duty trucks and buses essential for logistics and public transportation. The <3.5 tons category (light commercial vehicles) is projected to grow fastest, driven by expanding last-mile delivery services. The >16 tons segment will also see significant growth supported by infrastructure development and long-haul freight movement.
By Application
The transport segment led the market in 2024, driven by booming e-commerce, logistics expansion, and increased freight transport. The agriculture segment is expected to grow fastest due to rising food production needs and farm mechanization. Construction, mining, and other industrial sectors will also contribute to strong demand.
By Terrain
The off-road segment dominated in 2024 due to widespread use in mining, construction, and agriculture. The on-road segment will record rapid growth, supported by urban transportation, logistics, and last-mile delivery expansions.
By End User
The OEM segment led the market as vehicle manufacturers increasingly integrate specialized, high-performance tires. However, the aftermarket segment will grow fastest due to rising tire replacement needs across expanding commercial fleets.
Europe - USD 1.79 Billion in 2024
Europe dominated the market due to strong automotive manufacturing hubs, stringent safety regulations, rising sustainability efforts, and high adoption of smart tire technologies.
Asia Pacific
The region is projected to grow fastest, supported by large-scale infrastructure development, expanding urbanization, and booming logistics sectors in China and India.
North America
Demand is driven by the region's strong e-commerce ecosystem, extensive freight networks, and technological advancements in tire design.
Rest of the World
Growth in South America and the Middle East & Africa is fueled by economic expansion, mining activity, and infrastructure development.
Conclusion
The commercial vehicle tires market is set for robust long-term growth, rising from USD 19.41 billion in 2024 to USD 20.71 billion in 2025, and projected to reach USD 33.90 billion by 2032. Driven by smart technologies, sustainability initiatives, expanding logistics operations, and increasing commercial vehicle adoption, the market is positioned for significant advancements in performance, cost-efficiency, and environmental impact.
Segmentation By Vehicle Weight
By Application
By Terrain Type
By End User
By Geography