Market Research Future (MRFR) has published a cooked research report on the “Global Truck and Bus Tire Market” that contains information from 2019 to 2035.
The Global Truck and Bus Tire Market is estimated to register a CAGR of 2.24% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Truck and Bus Tire Market— include Goodyear Tire & Rubber Co, Bridgestone, Continental Ag, Michelin Lifestyle, The Yokohama Rubber Co., Ltd, Kumho Tire Co., Inc, Apollo TYRES LTD, MRF TYRES, JK TYRE & Industries Ltd, Giti Fleet, Balkrishna Industries Limited (BKT), Nokian TYRES PLC, Hankook Tire & Technology, PROMETEON TYRE GROUP S.R.L., CEAT LTD and among others.
Market Highlights
The Global Truck and Bus Tire Market is estimated to register a CAGR of 2.24% during the forecast period and is estimated to reach USD 346.98 Billion by 2035.
The surge in e-commerce activities across the globe has significantly bolstered the demand for efficient and reliable freight transport systems. As online shopping becomes more prevalent, logistics and transportation networks are experiencing an unprecedented increase in freight volume, necessitating the expansion of commercial vehicle fleets. This, in turn, drives the demand for truck and bus tires, as fleet operators seek durable and fuel-efficient solutions to support continuous operations. The rapid shift toward fast delivery models, including same-day and next-day services, places immense pressure on logistics companies to maintain optimal vehicle uptime, further emphasizing the need for high-quality tires.
Furthermore, the rise of omni-channel retailing and cross-border e-commerce has expanded the geographical scope of logistics operations, requiring long-haul trucks and buses to traverse diverse terrains and climatic conditions. Consequently, tire manufacturers are focusing on developing versatile, all-weather, and high-mileage tires that can withstand extended use without compromising safety or performance. Fleet operators increasingly prefer low rolling resistance and durable tire models that not only enhance fuel efficiency but also minimize wear and tear, thereby reducing maintenance costs.
The growth of e-commerce has also intensified the competition among logistics companies, pushing them to optimize their operational efficiency. This competitive environment encourages the adoption of advanced tire management systems that monitor real-time tire performance and predict maintenance needs. Smart tires equipped with IoT sensors provide valuable data on tread wear, pressure levels, and temperature variations, helping fleet managers make data-driven decisions to extend tire life and reduce downtime. As a result, demand for technologically advanced and sustainable tires is on the rise.
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Segment Analysis
The Global Truck and Bus Tire Market has been segmented based on By Tire Type, By Category, By Rim Size, By Vehicle Propulsion, By Application, By Sales Channel .
Based on the Tire Type, the global Truck and Bus Tire market has been bifurcated into Drive, All Position, and Trailer. The Drive segment dominated the global market in 2024, while the All-Position segment is projected to be the fastest–growing segment during the forecast period. The drive tire segment dominates the global truck and bus tire market due to its critical role in providing traction and power transmission. Drive tires are specifically designed for the drive axle, where they deliver maximum grip and stability, making them indispensable for long-haul trucking and heavy-duty applications. These tires are engineered with deep treads and robust sidewalls to withstand continuous friction and resist wear and tear. They are popular among fleet operators and logistics companies that prioritize enhanced traction on various road surfaces, including highways and off-road terrains. As transportation demand rises, the need for reliable drive tires is growing, propelling market expansion.
Technological advancements in drive tire designs have significantly contributed to segment growth. Manufacturers are increasingly focusing on developing drive tires with low rolling resistance to improve fuel efficiency and reduce operational costs. Additionally, advanced rubber compounds and optimized tread patterns are being introduced to enhance durability and extend tire life. The integration of smart tire technology, such as tire pressure monitoring systems (TPMS) and real-time data analytics, is gaining traction, allowing fleet managers to monitor tire health and minimize downtime proactively. These innovations are particularly valued by long-haul fleet operators aiming to reduce maintenance expenses.
Based on the Category, the global Truck and Bus Tire market has been classified into Tube Tire and Tubeless Tire. The Tubeless Tire segment dominated the global market in 2024, while the Tubeless Tire segment is projected to be the fastest–growing segment during the forecast period.The tubeless tire segment has emerged as the dominant and rapidly expanding category within the global truck and bus tire market. These tires are designed without an inner tube, with the tire and rim forming an airtight seal that holds the compressed air. This innovative design significantly reduces the risk of sudden blowouts and enhances vehicle safety, especially for long-haul trucks and high-speed buses. The elimination of the inner tube also contributes to reduced rolling resistance, thereby improving fuel efficiency and lowering operational costs.
The growing preference for tubeless tires is driven by several critical factors, including superior performance, enhanced durability, and lower maintenance requirements. Tubeless tires are less prone to punctures as the absence of an inner tube eliminates friction between the tire and tube, reducing the risk of heat buildup. Furthermore, these tires can continue to function temporarily even after being punctured, allowing drivers to reach a safe location for repairs. Such safety features make tubeless tires highly suitable for modern commercial fleets and long-distance transportation. Manufacturers are leveraging advanced rubber compounds, reinforced sidewalls, and optimized tread patterns to extend tire life and increase load-bearing capacity.
Based on the Rim Size, the global Truck and Bus Tire market has been segmented into Up to 20.5" and Above 20.5". The Above 20.5" segment dominated the global market in 2024, while the Above 20.5" segment is projected to be the fastest–growing segment during the forecast period. The “Above 20.5"” rim size segment has emerged as a dominant and fast-growing category within the global truck and bus tire market. These tires are primarily used in heavy-duty commercial vehicles, including long-haul trucks, construction vehicles, and intercity buses. Their larger rim size offers superior load-bearing capacity, enhanced durability, and improved stability, making them ideal for rigorous applications and extended highway operations.
A key driver for the growth of this segment is the expanding logistics and transportation sector, particularly in developed economies such as North America and Europe. The increasing demand for efficient freight transportation and the growth of cross-border trade have significantly fueled the adoption of heavy-duty trucks equipped with larger tires. Moreover, the growing construction and mining industries have further propelled the demand for robust tires that can withstand harsh environments and heavy loads.
Based on the Vehicle Propulsion, the global Truck and Bus Tire market has been segmented into ICE and Electric. The ICE segment dominated the global market in 2024, while the Electric segment is projected to be the fastest–growing segment during the forecast period. The Internal Combustion Engine (ICE) segment dominates the global truck and bus tire market, driven by the widespread adoption of diesel and gasoline-powered commercial vehicles across the globe. ICE-powered trucks and buses are essential for long-haul freight transportation, public transit, and construction activities, making this segment highly lucrative. The continuous reliance on conventional powertrains, especially in emerging economies with limited electric vehicle (EV) infrastructure, further strengthens the dominance of the ICE segment.
Unlike electric commercial vehicles, ICE-powered trucks and buses benefit from the widespread presence of fuel stations, enabling long-distance travel without significant range anxiety. Additionally, the robust engine power and torque offered by diesel engines make them suitable for heavy-duty applications, such as hauling freight and construction materials over varied terrains.
Based on the Application, the global Truck and Bus Tire market has been segmented into Truck and Bus. The Truck segment dominated the global market in 2024, while the Bus segment is projected to be the fastest–growing segment during the forecast period. The truck segment dominates the global truck and bus tire market, primarily driven by the expanding logistics and transportation sectors worldwide. Trucks are indispensable for freight transportation, distribution, and long-haul applications, making this segment crucial for tire manufacturers. The increasing demand for durable, high-performance tires that can withstand heavy loads, long distances, and varying road conditions continues to bolster the growth of the truck tire segment.
Moreover, advancements in tire technologies, such as the development of low rolling resistance (LRR) tires and durable tread patterns, have further propelled the truck tire segment. These innovative tire solutions help reduce fuel consumption and enhance traction on diverse terrains. Additionally, the trend toward fleet digitization has given rise to smart tires equipped with sensors that monitor tire pressure, temperature, and wear, thereby improving safety and maintenance efficiency.
Based on the Sales Channel, the global Truck and Bus Tire market has been segmented into OEM and the Aftermarket. The OEM segment dominated the global market in 2024, while the Aftermarket segment is projected to be the fastest–growing segment during the forecast period. The OEM (Original Equipment Manufacturer) segment holds a significant share of the global truck and bus tire market, primarily driven by the continuous production and sale of new commercial vehicles worldwide. OEM tires are specifically designed and manufactured to meet the original equipment specifications, ensuring compatibility and optimal performance for new trucks and buses. As vehicle manufacturers prioritize safety, fuel efficiency, and durability, OEM tires play a critical role in maintaining the vehicle's intended performance standards.
Additionally, the increasing adoption of electric and hybrid commercial vehicles is driving the development of specialized OEM tires designed for enhanced load-carrying capacity and reduced rolling resistance.
Regional Analysis
Based on the Region, the global Truck and Bus Tire is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The North America dominated the global market in 2024, while the Europe is projected to be the fastest–growing segment during the forecast period. The North American truck and bus tire market is driven by robust road transportation networks and significant investments in fleet efficiency. The United States is the largest market, supported by the presence of prominent logistics and transportation companies. The increasing demand for efficient long-haul trucking, public transit expansion, and the growing e-commerce sector significantly boost the tire demand. Canada also contributes notably, given its large freight movement between provinces and cross-border trade with the United States. The rise in fleet management systems and adoption of advanced telematics solutions further support market growth by enabling better tire performance tracking and maintenance.
Key Findings of the Study
- The Global Truck and Bus Tire Market is expected to reach USD 346.98 Billion by 2035, at a CAGR of 2.24% during the forecast period.
- The Europe region accounted for the fastest growing in the global market.
- Based on Application, the Truck segment was attributed to holding the largest market in 2024.
- Global Truck and Bus Tire Market— include Goodyear Tire & Rubber Co, Bridgestone, Continental Ag, Michelin Lifestyle, The Yokohama Rubber Co., Ltd, Kumho Tire Co., Inc, Apollo TYRES LTD, MRF TYRES, JK TYRE & Industries Ltd, Giti Fleet, Balkrishna Industries Limited (BKT), Nokian TYRES PLC, Hankook Tire & Technology, PROMETEON TYRE GROUP S.R.L., CEAT LTD and among others are the key market players.
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Companies Covered | 15 |
Pages | 271 |
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