The Truck And Bus Tires Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Truck And Bus Tires Market?
The market size of truck and bus tires has been experiencing stable growth in the past years. The market which was valued at $45.31 billion in 2024 is expected to increase to $46.96 billion in 2025, with a compound annual growth rate (CAGR) of 3.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Truck And Bus Tires Industry?
The Truck And Bus Tires Global Market Report 2025 predicts that by 2029, the market size for truck and bus tires will have grown to $56.41 billion, with a compound annual growth rate (CAGR) of 4.7%.
Download Your Free Sample of the 2025 Truck And Bus Tires Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Truck And Bus Tires Market?
The key drivers in the truck and bus tires market are:
• Boom in e-commerce and last-mile delivery
• Introduction of green initiatives and focus on fuel efficiency
• Emergence of renewable energy and electric vehicles
• Government regulations on safety and emissions
Global Market Segmentation: Identifying Major Truck And Bus Tires Industry Segments
The truck and bus tires market covered in this report is segmented –
1) By Type: Radial, Bias
2) By Vehicle Type: Light Duty Vehicle, Heavy Duty Vehicle, Passenger Bus Vehicle
3) By Distribution Channel: OEM (Original Equipment Manufacturer), After market
4) By Application: Truck Tire, Bus Tire
Pre-order the 2025 Truck And Bus Tires Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Truck And Bus Tires Market?
The key trends in the truck and bus tires market are:
• Intelligent tire monitoring systems are increasingly integrating into the market.
• There is a rising demand for all-season and specialized tires.
• Adoption of radial tires is becoming more popular.
• There is a focus on enhancing heavy-duty and load-carrying capacity, along with the development of self-healing tire technology.
Who Are the Top Competitors & Leading Players in the Truck And Bus Tires Market?
Major companies 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.
• Trelleborg AB
• 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.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the truck and bus tires market in 2024
