Medium & Heavy Commercial Vehicle Tire Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Weight, By Application, By Demand Category, By Region & Competition, & Opportunities 2021-2031F

Description

The Global Medium & Heavy Commercial Vehicle Tire Market is projected to expand significantly, rising from 223.06 million units in 2025 to 390.56 million units by 2031, reflecting a compound annual growth rate (CAGR) of 9.79%. This market entails the production and sale of specialized tires engineered for high-gross-vehicle-weight assets such as trucks, buses, and trailers. Growth is largely fueled by the escalating global need for logistics and freight services, which leads to high vehicle utilization and frequent tire replacements. Additionally, significant government funding for construction and infrastructure initiatives in developing nations creates a strong demand for durable tires built to endure heavy loads and harsh operating environments.

Market Overview
Forecast Period	2027-2031
Market Size 2025	223.06 Million Units
Market Size 2031	390.56 Million Units
CAGR 2026-2031	9.79%
Fastest Growing Segment	Agriculture
Largest Market	Asia Pacific

A primary obstacle facing this market is the instability of raw material costs, specifically crude oil and natural rubber, which complicates pricing and production strategies. Despite these hurdles, the sector demonstrates resilience; for instance, the U.S. Tire Manufacturers Association projected a 12.5% increase in replacement truck tire shipments in the United States for 2024 compared to the prior year. This data highlights the enduring strength of the replacement segment, even as manufacturers contend with supply chain limitations and fluctuating input expenses.

Market Driver

The expansion of e-commerce and last-mile delivery services is fundamentally altering the medium and heavy commercial vehicle tire sector by increasing the reliance on regional distribution fleets. As logistics networks decentralize to ensure rapid fulfillment, operators increasingly depend on medium-duty trucks to connect distribution centers with end consumers. These vehicles operate under demanding conditions, including frequent stops and high utilization, which accelerates tire wear and drives the need for durable, high-performance replacements. According to the European Automobile Manufacturers' Association's January 2025 report on 2024 registrations, medium truck registrations in the European Union grew by 5.6% year-on-year, directly supporting the demand for tires capable of managing the stability and load requirements of modern logistics.

Concurrently, the modernization of fleets and the expansion of public transportation networks act as major market catalysts. Cities globally are upgrading transit systems to improve urban mobility, resulting in a consistent influx of new buses that require heavy-duty tires to support daily mileage and increased passenger weight. This shift often involves adopting advanced platforms that necessitate tires with enhanced safety features and higher load indices. Data from the European Automobile Manufacturers' Association in January 2025 indicated that new bus sales in the EU climbed by 9.2% to 35,579 units. Furthermore, the market is buoyed by massive production scales in key regions; the China Association of Automobile Manufacturers reported in 2025 that commercial vehicle sales in China hit 3.873 million units the previous year, underscoring the substantial global foundation for tire demand.

Market Challenge

The instability of raw material prices, specifically for crude oil and natural rubber, represents a significant impediment to the steady expansion of the Global Medium and Heavy Commercial Vehicle Tire Market. Manufacturers in this industry rely on capital-intensive processes where raw materials account for a substantial portion of expenses. When input costs swing unpredictably, producers must choose between absorbing the costs, which reduces profit margins, or passing them on to buyers. In the commercial realm, where fleet operators work with strict budgets, even slight price hikes can result in reduced order volumes and delayed replacement cycles, thereby hindering market growth.

This volatility is worsened by inherent supply-demand disparities in global commodity markets, leading to persistent inflationary pressures. The Association of Natural Rubber Producing Countries projected that global natural rubber consumption would hit 15.45 million tonnes in 2024, significantly exceeding the production estimate of 14.29 million tonnes. This shortfall creates a high-cost environment that complicates long-term pricing strategies for manufacturers. Consequently, the difficulty in accurately predicting operational costs discourages investment in production capabilities and slows overall market momentum, particularly in regions sensitive to price changes.

Market Trends

A defining trend in the market is the creation of specialized high-load tires for electric commercial vehicles, driven by the increasing integration of battery-electric trucks into fleet operations. Because electric trucks carry heavy battery packs and deliver instant torque, they impose unique stress factors and have significantly higher curb weights than internal combustion engine vehicles. To address this, manufacturers are developing tires with advanced tread compounds and reinforced casings that can support heavier loads while minimizing rolling resistance to maximize vehicle range. The growing need for these purpose-built solutions is reflected in the adoption rates of zero-emission heavy-duty vehicles; the European Automobile Manufacturers' Association reported in October 2025 that electrically chargeable trucks captured 3.8% of the EU truck market share in the first three quarters, rising from 2.1% in the prior year.

In parallel, the shift toward sustainable and bio-based manufacturing materials is transforming production strategies to meet corporate circular economy objectives and strict environmental regulations. Manufacturers are increasingly substituting petrochemical-based components with renewable alternatives, such as recycled carbon black and silica from rice husks or dandelions, to lower the carbon footprint of their products. This transition is motivated by the volatility of raw material prices and the urgent need for fleets to achieve Scope 3 emission reduction targets. Highlighting the scale of this shift, EV Magazine noted in May 2025 that Michelin had successfully raised the share of recycled or renewable materials in its tire manufacturing to 31%, signaling a major advancement toward its long-term sustainability goals.

Key Market Players

Bridgestone Corporation
Continental AG
Balkrishna Industries Limited
The Michelin Group
Trelleborg Corporation
ATG Tires Private Limited
Sumitomo Corporation
Hankook Tire and Technology Group
McLaren Industries
Goodyear Tire And Rubber Company

Report Scope

In this report, the Global Medium & Heavy Commercial Vehicle Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Medium & Heavy Commercial Vehicle Tire Market, By Vehicle Weight

Less than 3.5 Tons
3.5 and 16 Tons
Greater than 16 Tons

Medium & Heavy Commercial Vehicle Tire Market, By Application

Construction
Mining
Agriculture
Transport
Others

Medium & Heavy Commercial Vehicle Tire Market, By Demand Category

OEM
Aftermarket

Medium & Heavy Commercial Vehicle Tire Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Medium & Heavy Commercial Vehicle Tire Market.

Available Customizations:

Global Medium & Heavy Commercial Vehicle Tire Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Medium & Heavy Commercial Vehicle Tire Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Weight (Less than 3.5 Tons, 3.5 and 16 Tons, Greater than 16 Tons)
- 5.2.2. By Application (Construction, Mining, Agriculture, Transport, Others)
- 5.2.3. By Demand Category (OEM, Aftermarket)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Medium & Heavy Commercial Vehicle Tire Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Weight
- 6.2.2. By Application
- 6.2.3. By Demand Category
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Vehicle Weight
    - 6.3.1.2.2. By Application
    - 6.3.1.2.3. By Demand Category
- 6.3.2. Canada Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Vehicle Weight
    - 6.3.2.2.2. By Application
    - 6.3.2.2.3. By Demand Category
- 6.3.3. Mexico Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Vehicle Weight
    - 6.3.3.2.2. By Application
    - 6.3.3.2.3. By Demand Category

7. Europe Medium & Heavy Commercial Vehicle Tire Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Weight
- 7.2.2. By Application
- 7.2.3. By Demand Category
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Vehicle Weight
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By Demand Category
- 7.3.2. France Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Vehicle Weight
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By Demand Category
- 7.3.3. United Kingdom Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Vehicle Weight
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By Demand Category
- 7.3.4. Italy Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Vehicle Weight
    - 7.3.4.2.2. By Application
    - 7.3.4.2.3. By Demand Category
- 7.3.5. Spain Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Vehicle Weight
    - 7.3.5.2.2. By Application
    - 7.3.5.2.3. By Demand Category

8. Asia Pacific Medium & Heavy Commercial Vehicle Tire Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Weight
- 8.2.2. By Application
- 8.2.3. By Demand Category
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Vehicle Weight
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By Demand Category
- 8.3.2. India Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Vehicle Weight
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By Demand Category
- 8.3.3. Japan Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Vehicle Weight
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By Demand Category
- 8.3.4. South Korea Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Vehicle Weight
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By Demand Category
- 8.3.5. Australia Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Vehicle Weight
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By Demand Category

9. Middle East & Africa Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Weight
- 9.2.2. By Application
- 9.2.3. By Demand Category
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Vehicle Weight
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By Demand Category
- 9.3.2. UAE Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Vehicle Weight
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By Demand Category
- 9.3.3. South Africa Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Vehicle Weight
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By Demand Category

10. South America Medium & Heavy Commercial Vehicle Tire Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Weight
- 10.2.2. By Application
- 10.2.3. By Demand Category
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Vehicle Weight
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By Demand Category
- 10.3.2. Colombia Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Vehicle Weight
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By Demand Category
- 10.3.3. Argentina Medium & Heavy Commercial Vehicle Tire Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Vehicle Weight
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By Demand Category

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Medium & Heavy Commercial Vehicle Tire Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Bridgestone Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Continental AG
15.3. Balkrishna Industries Limited
15.4. The Michelin Group
15.5. Trelleborg Corporation
15.6. ATG Tires Private Limited
15.7. Sumitomo Corporation
15.8. Hankook Tire and Technology Group
15.9. McLaren Industries
15.10. Goodyear Tire And Rubber Company