The Truck and Bus Tire Market was valued at USD 271.84 Billion in 2024. The Truck and Bus Tire Market industry is projected to grow from USD 278.05 Billion in 2025 to USD 346.98 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.24% during the forecast period (2025-2035).
The increasing demand for e-commerce and freight transport and rising infrastructure development and construction activities and technological advancements in tire manufacturing and growing environmental regulations and demand for fuel efficiency and replacement tire market growth due to vehicle aging are driving the growth of the Truck and Bus Tire Market.
As per the Analyst at MRFR, 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.
FIGURE 1: TRUCK AND BUS TIRE MARKET VALUE (2019-2035) USD BILLION
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Truck and Bus Tire Market Opportunity
EXPANSION INTO EMERGING MARKETS
The truck and bus tire industry are increasingly finding growth opportunities in emerging markets, driven by rapid industrialization, urbanization, and infrastructure development. Countries in Asia-Pacific, Latin America, and Africa are witnessing significant growth in commercial vehicle sales, fueled by government initiatives to improve transportation and logistics networks. For instance, China and India are heavily investing in road and highway infrastructure projects, creating a robust demand for durable and high-performance tires. As freight and passenger transport requirements continue to rise, tire manufacturers have the potential to capture substantial market share by aligning their product portfolios with regional needs.
One of the key factors driving tire demand in these markets is the expansion of e-commerce and logistics sectors, which necessitate reliable and long-lasting tires for heavy-duty trucks and buses. Additionally, growing economic activities in these regions are propelling the need for public and private transportation, pushing fleet operators to invest in high-quality tires to optimize operational efficiency. Furthermore, as these markets evolve, fleet operators and logistics companies are increasingly focusing on reducing downtime and maintenance costs, boosting the demand for durable and fuel-efficient tires.
Global tire manufacturers are capitalizing on these opportunities by establishing local manufacturing facilities and forming joint ventures with domestic companies. This strategic approach not only reduces production and transportation costs but also ensures compliance with local regulations and customer preferences. Company’s such as Bridgestone Corporation, The Goodyear Tire & Rubber Company, and Michelin Group are actively expanding their presence in these emerging economies to leverage the growing market potential. Moreover, consumer awareness regarding fuel efficiency and road safety is increasing in these regions, prompting the adoption of technologically advanced tires. The demand for radial tires, which offer lower rolling resistance and improved durability, is gaining traction among commercial fleet operators. Manufacturers are also investing in R&D to develop region-specific tire solutions that cater to varying road conditions, climate variations, and load capacities.
Truck and Bus Tire Market Segment Insights
Truck and Bus Tire System by Tire Type Insights
Based on the Tire Type, the 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 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.
Truck and Bus Tire System by Category Insights
Based on the Category, the 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 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.
Truck and Bus Tire System by Rim Size Insights
Based on the Rim Size, the 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 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.
Truck and Bus Tire System by Vehicle Propulsion Insights
Based on the Vehicle Propulsion, the 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 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.
Truck and Bus Tire System by Application Insights
Based on the Application, the 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 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.
Truck and Bus Tire System by Sales Channel Insights
Based on the Sales Channel, the 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 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.
FIGURE 2: TRUCK AND BUS TIRE MARKET SHARE BY SALES CHANNEL 2024 AND 2035 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Truck and Bus Tire System Regional Insights
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.
Several key players dominate the North American market, including Bridgestone Corporation, The Goodyear Tire & Rubber Company, Michelin Group, and Continental AG. These companies focus on developing durable, fuel-efficient tires designed for diverse weather conditions. Additionally, local players such as Cooper Tire & Rubber Company and Titan International Inc. offer specialized products catering to regional demands. Tire retreading is gaining traction due to its cost-effectiveness and environmental benefits, with retreaded tires being extensively used in commercial and public transportation fleets.
FIGURE 3: TRUCK AND BUS TIRE MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Germany, France, the UK, Serbia, Spain, Italy, Rest of Europe, China, India, Japan, Soth Korea, Malaysia, Thailand, Indonesia, Rest of Asia pacific, Brazil, Argentina, Chile, Rest of Latin America, UAE, Saudi Arabia, South Africa, Rest of MEA and others.
Global Truck and Bus Tire Key Market Players & Competitive Insights
Many global, regional, and local vendors characterize the Truck and Bus Tire Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major competitors in the market are the 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 are among others. The Truck and Bus Tire Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the Truck and Bus Tire Market include
Truck and Bus Tire Market Industry Developments
May 2024: JK Tyre and Industries has announced an investment of Rs 1,400 crore in Truck and Bus Radials (TBR), Passenger Car Radials (PCR) and All Steel Light Truck Radial (ASLTR) tyres in a phased manner over the next two years to meet the sustained growth in demand from automakers.
August 2023: Kumho Tyre is significantly expanding its truck tyre distribution channels in the UK in order to increase availability. Direct supply has been launched from Kumho’s GB warehouse stock and the company reports that it is “actively seeking to partner with specialist truck tyre businesses focused on sales to fleets and other end users”.
September 2023: Apollo Tyres has launched the second generation of its EnduRace RA 2 truck tyre for regional transport, introducing a new tread design and uprated materials to deliver enhanced all-season grip and handling, lower rolling resistance and improved durability. Available in 315/70 size for 22.5-inch rims, the tyre has been comprehensively re-engineered to deliver an average 5% increase in mileage.
October 2023: Hankook Tire announced the launch of the Smart iON AU06+, the first Truck and Bus Radial (TBR) tire in its “iON (pronounced as /ai’on/)” product portfolio for premium electric vehicles (EVs) in the Korean market. The Smart iON AU06+ is the most recent addition to its iON tire family, which includes summer and winter tires for passenger EVs.
Truck and Bus Tire Market Segmentation
Truck and Bus Tire by Tire Type Outlook
Truck and Bus Tire by Category Outlook
Truck and Bus Tire by Rim Size Outlook
Truck and Bus Tire by Vehicle Propulsion Outlook
Truck and Bus Tire by Application Outlook
Truck and Bus Tire by Sales Channel Outlook
Truck and Bus Tire Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2024 | USD 271.84 Billion |
| Market Size 2025 | USD 278.05 Billion |
| Market Size 2035 | USD 346.98 Billion |
| Compound Annual Growth Rate (CAGR) | 2.24% (2025-2035) |
| Base Year | 2024 |
| Forecast Period | 2025-2035 |
| Historical Data | 2019-2023 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Tire Type, By Category, By Rim Size, By Vehicle Propulsion, By Application, By Sales Channel |
| Geographies Covered | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Countries Covered | The US, Canada, Mexico, Germany, France, the UK, Serbia, Spain, Italy, Rest of Europe, China, India, Japan, Soth Korea, Malaysia, Thailand, Indonesia, Rest of Asia pacific, Brazil, Argentina, Chile, Rest of Latin America, UAE, Saudi Arabia, South Africa, Rest of MEA and others. |
| Key Companies Profiled | 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 |
| Key Market Opportunities | ·        Expansion into emerging markets ·        Innovative tire recycling initiatives |
| Key Market Dynamics | ·        Increasing demand for e-commerce and freight transport ·        Rising infrastructure development and construction activities |
Frequently Asked Questions (FAQ) :
USD 271.84 Billion is the Truck and Bus Tire Market in 2024
The Truck segment by Application holds the largest market share and grows at a CAGR of 2.22% during the forecast period.
North America holds the largest market share in the Truck and Bus Tire Market.
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 are prominent players in the Truck and Bus Tire Market.
The ICE segment dominated the market in 2024.
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Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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