Global Truck and Bus Tires Market Size, Share and Trends Analysis, By Type (Bias Tire and Radial Tire), By Application (Truck Tire and Bus Tire), Forecast (2022-2028)

The global truck and bus tires market is expected to grow at a CAGR of 4% during the forecast period (2022-2028). The increasing demand for trucks and buses across various industries, as well as government regulations on fuel efficiency standards for vehicles in various regions around the world, are the main factors driving this market’s growth. Furthermore, government initiatives such as ‘Make in India’ will contribute to the market growth during the forecast period. A bias tire is a type of pneumatic tire in which the carcass cords are laid at an angle of fewer than 90 degrees to the tread centreline. When compared to radials, bias tires typically have lower rolling resistance and longer wear life. Radial tires have cord plies that run from bead to bead across the tread face.

Radial technology is now widely used in automotive applications all over the world, including in North America, which had previously relied on competing technologies such as bias-belted or diagonal whitewall designs. Global demand for commercial vehicles is expected to drive demand for truck tires. Furthermore, the growth of e-commerce is expected to fuel demand for trucks, which will propel the global truck and bus tires market. There is a significant demand for commercial vehicles from various end-use industries such as transportation, logistics, and manufacturing. Latin American truck and bus tire market is driven by the rising demand for commercial vehicles, which is expected to increase demand for truck and bus tires. In addition, the region’s growing infrastructure development activities are driving up demand for truck and bus tires.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Bridgestone Corp, Michelin, and Goodyear, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Truck and Bus Tires Market Report by Segment

By Type

• Bias Tire
• Radial Tire

By Application

• Truck Tire
• Bus Tire