PUBLISHER: The Business Research Company | PRODUCT CODE: 1931690
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931690
Truck and bus tires are specifically designed for trucks and buses with a loading range of F, possessing rim sizes larger than 19 inches and a broader tire base, commonly used in transportation trucks and commercial buses.
Truck and bus tires primarily come in two types such as radial and bias-ply. Radial tires feature cords running from one bead to another at right angles, offering superior performance and reliability. These tires cater to various vehicles, including light-duty and heavy-duty vehicles, as well as passenger buses. Distribution channels for these tires span from OEM (original equipment manufacturer) to the aftermarket, serving diverse applications in truck tires and bus tires.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the truck and bus tires market by increasing costs of imported natural rubber, synthetic rubber compounds, steel belts, carbon black, and specialized tire manufacturing equipment. Asia-Pacific tire producers face export challenges, while North America and Europe experience higher OEM and aftermarket pricing. These tariffs are elevating operating costs for fleet operators and slowing replacement cycles. However, they are also supporting domestic tire manufacturing, encouraging local sourcing of raw materials, and driving innovation in retreading and extended-life tire technologies.
The truck and bus tires market research report is one of a series of new reports from The Business Research Company that provides truck and bus tires market statistics, including truck and bus tires industry global market size, regional shares, competitors with a truck and bus tires market share, detailed truck and bus tires market segments, market trends and opportunities, and any further data you may need to thrive in the truck and bus tires industry. This truck and bus tires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The truck and bus tires market size has grown steadily in recent years. It will grow from $46.38 billion in 2025 to $48.46 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to expansion of commercial transportation networks, growth in freight and logistics activities, rising adoption of radial tires, increasing road infrastructure development, demand for cost-effective fleet maintenance.
The truck and bus tires market size is expected to see steady growth in the next few years. It will grow to $57.22 billion in 2030 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to increasing adoption of low-rolling-resistance tires, rising demand from electric buses and trucks, expansion of smart tire monitoring systems, growing focus on sustainable tire materials, increasing replacement demand in aging fleets. Major trends in the forecast period include increasing demand for fuel-efficient tire designs, rising adoption of long-haul radial tires, growing focus on retreadable tire solutions, expansion of high-durability tire compounds, enhanced emphasis on load and mileage performance.
An increase in demand for commercial vehicles is expected to propel the truck and bus tires market going forward. Commercial vehicles refer to motor vehicle that transports goods or passengers for business purposes. Commercial vehicles use truck and bus tires as they offer good traction at various speeds and weather conditions with high load-carrying capacity and low rolling resistance. For instance, in January 2024, according to Daimler Truck Holding AG, a Germany-based manufacturer of commercial vehicles, Daimler Truck sold a total of 526,053 trucks and buses in 2023, showing a slight increase from 520,291 in 2022. The Trucks North America segment sold 195,014 units, while Trucks Asia recorded 161,171 units a 3% increase from previous year. Daimler Buses also performed well, with 26,168 units sold, reflecting a 9% increase. Therefore, the increase in demand for commercial vehicles is driving the truck and bus tires market.
Major companies operating in the truck and bus tires market are undergoing into strategic collaborations for developing innovative products to strengthen their market position. Strategic collaborations in the truck and bus tires market drive innovation, efficiency, and competitiveness. Leveraging strengths, companies navigate challenges, seize market opportunities, and collectively advance the industry. For instance, in July 2023, CEAT, an India-based multinational tire manufacturing company, and Marangoni S.p.A., an Italy-based green tire manufacturing company, have joined forces to boost tire retreading for trucks and buses in India. The partnership combines CEAT's quality tire casings with Marangoni's advanced retreading tech for superior performance. Emphasizing sustainability, the collaboration aims to extend tire life, reducing the environmental impact of the transport industry.
In March 2023, Zodo Tire, a China-based tyres manufacturer, acquired Kaixuan Rubber for an undisclosed amount. This acquisition allows Zodo Tire to leverage Kaixuan's advanced rubber processing technologies, improving product quality and durability. By integrating Kaixuan's resources and expertise, Zodo aims to accelerate its innovation efforts and respond more effectively to market demands. Kaixuan Rubber is a China-based manufacturer of tyres.
Major companies operating in the truck and bus tires market are Continental AG, Michelin Group, Bridgestone Corporation, Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Hankook Tire & Technology, Pirelli & Co SPA, Yokohama Tire Corporation, Zhongce Rubber Group Company Limited, Hangzhou Zhongce Rubber Co Ltd., Toyo Tire Corporation, Sailun Group, Giti Tire Corporation, Kumho Tire, Cooper Tire & Rubber Company, Linglong Tire Co Ltd., Apollo Tyres Limited, Nokian Tyres Plc., Nexen Tire Corporation, Double Coin Holdings Ltd., JK Tyre & Industries Ltd., Ceat Ltd., Prometeon Tyre Group, Aeolus Tyres, MAXXIS International, Falken Tire Corporation, Hercules Tire & Rubber Company, Triangle Group, Shandong Hengfeng Rubber & Plastic Co Ltd., Xingyuan Tire Group Co Ltd., Cordiant Company, Federal Corporation, Kenda Rubber Industrial Co Ltd.
Asia-Pacific was the largest region in the truck and bus tires market in 2025. The regions covered in the truck and bus tires market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the truck and bus tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The truck and bus tires market consists of sales of all-terrain tires, heavy-duty tires, off-road tires, mud tires, and winter tires. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Truck And Bus Tires Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses truck and bus tires market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for truck and bus tires ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The truck and bus tires market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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