Truck and Bus Radial Tire Market
Truck and Bus Radial Tire Market Analysis By Application (Trucks, Buses), By Sales Channel (OEMs, Aftermarket) & By Region - Global Market Insights 2023 to 2033
Analysis of Truck and Bus Radial Tire Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Truck and Bus Radial Tire Market Outlook (2023 to 2033)
According to the latest Fact.MR industry analysis, the global truck and bus radial tire market stands at US$ 16.77 billion in 2023. Worldwide demand for truck and bus radial tires is predicted to increase at a CAGR of 6% and reach US$ 30.03 billion by 2033-end.
Truck and bus radial tires (TBR) are heavy-duty tires designed specifically for commercial vehicles such as trucks and buses. These tires play a critical role in ensuring safety, performance, and efficiency on the road, considering the demanding nature of their applications.
Truck and bus radial tires come with advanced radial ply technology, offering superior performance and durability compared to bias ply tires. The internal construction of TBR tires consists of cords that run perpendicular to the direction of travel, resulting in enhanced grip, braking capabilities, and wear resistance. These qualities make TBR tires highly suitable for various applications, including long-distance hauling, local transportation, and urban transit.
Global demand for TBR tires is increasing healthily due to favorable trade agreements and the presence of major commercial vehicle manufacturers in several developing countries. In Singapore, sales of TBR tires are flourishing due to the country's thriving industries, particularly in construction and logistics.
- TBR tires are widely used in trucks and the demand for these tires is projected to expand at a CAGR of 6.3% during the forecast period.
Heavy-duty trucks are designed to transport substantial loads, whether it's goods, construction materials, or other heavy cargo. TBR tires are specifically engineered to handle these heavy loads and provide the necessary load-bearing capacity. Their strong construction and reinforced components such as steel belts and sturdy sidewalls help in bearing the weight of the truck and its cargo.
Transportation through trucks often encounters challenging environments and rough road conditions. TBR tires are designed to be highly durable and resistant to wear, cuts, and impacts. They can withstand the rigors of heavy-duty applications, ensuring a longer lifespan and reducing the frequency of tire replacements. This durability makes TBR tires a cost-effective choice for truck owners and operators.
| Report Attributes | Details |
|---|---|
|
Truck and Bus Radial Tire Market Size (2023E) |
US$ 16.77 Billion |
|
Forecasted Market Value (2033F) |
US$ 30.3 Billion |
|
Global Market Growth Rate (2023 to 2033) |
6% CAGR |
|
Germany Market Growth Rate (2023 to 2033) |
7.6% CAGR |
|
United States Market Growth Rate (2023 to 2033) |
6.2% CAGR |
|
China Market Value (2033) |
US$ 7.75 Billion |
|
Japan Market Value (2033) |
US$ 2.43 Billion |
|
India Market Value (2033) |
US$ 2.46 Billion |
|
Key Companies Profiled |
Apollo Tyres; Balkrishna Industries Limited; Bridgestone Corporation; China National Tire & Rubber Co., Ltd.; Continental AG; Cooper Tire & Rubber Company; Giti Tire; The Goodyear Tire & Rubber Company; Hankook Tire & Technology Co. Ltd.; Kumho Tire Co., Inc.; MICHELIN; Nokian Tyres plc.; Pirelli & C.S.p.A.; Sumitomo Rubber Industries, Ltd.; Toyo Tire Corporation; Yokohama Rubber Industries Co., Ltd.; ZC Rubber; Prometeon Tyre Group S.R.L. |
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Which Aspects are Driving High Profits for Truck and Bus Radial Tire Manufacturers?
“Smart Tire Development Maximizing Profitability of TBR Tire Producers”
Tire manufacturers are pushing the boundaries of innovation, dedicating their efforts to the development of smart tires using state-of-the-art materials, technologies, and processes.
- Continental AG, a renowned tire manufacturer, has spearheaded this movement by introducing groundbreaking technology concepts such as ContiSense and ContiAdapt. These advancements in tire technology aim to enhance both comfort and safety for users.
By employing these cutting-edge innovations, tire manufacturers can effectively utilize rubber compounds in tire production without compromising durability and reliability. Also, the market is witnessing a surge in popularity for smart tires and tires integrated with sensors, as these advanced features provide real-time monitoring and valuable insights.
Fleet owners are also increasingly equipping themselves with knowledge about maintenance schedules and tire conditions. This heightened awareness empowers them to proactively prevent vehicle breakdowns, leading to a significant positive influence on the development of the TBR tire market.
“Rising Investments in Public Transport Vehicles Creating Opportunistic Environment for Manufacturers of Truck & Bus Radial Tires”
As sustainable mobility is taking center stage, the reliance on public transport systems is flourishing like never before. Metro trains, buses, and carpools have become the backbone of our daily commutes, alleviating concerns about environmental pollution caused by individual car ownership.
Respective governments worldwide are wholeheartedly investing in the development of an extensive public transport infrastructure, igniting a remarkable surge in the demand for truck and bus radial tires. Moreover, as the production of electric vehicles, particularly buses, continues to soar, the TBR tire market finds itself propelled toward rapid growth.
What Restraints are Manufacturers of Truck & Bus Radial Tires Facing?
“Rising Demand for Specialized Tires Hampering Sales of Traditional Radial Tires”
Rapid technological advancements are expected to pose challenges before TBR tire producers. As electric and autonomous vehicles are gaining traction, they require specialized tires that differ from traditional radial tires. The transition to alternative propulsion systems and self-driving capabilities is projected to result in slower adoption of truck and bus radial tires in certain segments, potentially affecting sales growth.
“Price Volatility of Raw Materials Restraining Profit Margins of Producers”
Price volatility of essential raw materials such as rubber, steel, and chemicals creates various challenges such as manufacturing costs and profit margins. Fluctuations in their prices can significantly impact the profits of TBR tire manufacturers, requiring them to adapt and find ways to maintain profitability.
“Balancing Quality Requirements & Financial Pressures”
The TBR tire business operates within a regulatory landscape governed by stringent rules encompassing performance, safety, and quality requirements. While these regulations are vital for ensuring the reliability and safety of TBR tires, they can also impose additional costs and complexities, particularly for smaller producers.
Complying with these standards necessitates investments in research, development, and quality control measures, which are expected to create challenges for smaller players in the industry.
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Why are More Start-ups Investing in the Truck and Bus Radial Tire Market?
“Sustainable Tire Solutions Gaining Traction in Market”
The tire industry is growing rapidly along with the automotive sector, offering potential growth opportunities for new entrants. As environmental consciousness continues to rise, there is an increasing demand for sustainable transportation options.
Newcomers are offering eco-friendly TBR tire solutions such as tires with lower rolling resistance or enhanced fuel efficiency, or tires made from renewable and recycled materials, which are attracting environmentally conscious customers to gain a competitive advantage in the market.
“Beyond Tradition: New Companies Exploring Alternative Materials in Pursuit of TBR Tire Excellence”
The interplay between raw material prices and regulatory compliance underscores the multifaceted nature of the TBR tire business. New manufacturers must carefully balance these factors to remain competitive while upholding required standards.
Striving for operational efficiency, exploring alternative materials, and seeking economies of scale are some strategies that newcomers employ to mitigate the impact of cost fluctuations and regulatory demands, thereby safeguarding their manufacturing costs and profit margins in the dynamic truck and bus radial tire market.
Country-wise Analysis
Why are Suppliers of TBR Tires Focusing on the United States?
“Increasing Freight Transportation Services Fueling TBR Tire Sales”
Demand for truck and bus radial tires in the United States is predicted to increase at a CAGR of 6.2% from 2023 and 2033 and is projected to reach US$ 7.60 billion by the end of the forecast period. This can be attributed to several factors, including the expansion of e-Commerce, increased freight transportation, and the replacement cycle of commercial vehicle tires.
As the e-Commerce sector continues to flourish, the demand for last-mile delivery services rises driving the need for reliable and durable TBR tires. Additionally, the growth in freight transportation due to economic development and trade activities further fuels the demand for TBR tires. The emphasis on fuel efficiency and environmental sustainability also drives the adoption of truck and bus radial tires with low rolling resistance.
Which Aspects are Propelling the Sales of Truck & Bus Radial Tires in Germany?
“Focus on Innovation, Quality, & Safety for Producing High-Performance TBR Tires”
In Germany, sales of truck and bus radial tires are anticipated to evolve at a CAGR of 7.6% over the next 10 years. The country's strong automotive industry, the well-developed logistics sector, and the extensive road network contribute to the consistent demand for TBR tires.
Germany's focus on quality, safety, and environmental standards ensures that TBR tires must meet stringent regulations, including those related to performance, traction, and rolling resistance. As a result, there is a continuous need for high-quality TBR tires that deliver excellent performance and durability. The shift toward sustainable mobility with an emphasis on reducing emissions and improving fuel efficiency further fuels the demand for TBR tires with advanced technologies.
Why is Demand for TBR Tires Increasing in Japan?
“Highly Advanced Public Transport Vehicles Driving Industry Expansion”
- Sales of TBR tires in Japan are projected to reach US$ 2.43 billion by 2033.
Demand for truck and bus radial tires in Japan reflects the country's unique automotive landscape and transportation needs. Japan, known for its advanced automotive industry and efficient public transportation systems, experiences a relatively steady demand for TBR tires.
The country's focus on technological innovation, quality, and safety standards stimulates the demand for high-performance TBR tires. Japan's extensive railway network and well-developed public transport infrastructure result in a lesser dependency on individual car ownership, which is further boosting sales of truck and bus radial tires.
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Category-wise Analysis
Which Sales Channel is Beneficial for Producers of Truck and Bus Radial Tires?
“OEM Sales Channel Unlocking Potential Opportunities for TBR Tire Maanufacturers”
Sales of TBR tires through OEM are predicted to expand at a CAGR of 6.1% through 2033 due to direct sales of tires to vehicle manufacturers for use as original equipment in new vehicles.
Vehicle manufacturers produce a large number of trucks and buses each year, and each vehicle requires a set of tires. This creates a stable and consistent demand for TBR tires, allowing manufacturers to plan their production and inventory more effectively.
Tire manufacturers often establish long-term contracts with vehicle manufacturers to supply tires for their vehicles. These contracts span several years and provide a reliable customer base for TBR tire manufacturers. This stability allows manufacturers to invest in research and development activities, optimizing their production processes and negotiating better pricing and terms.
Competitive Landscape
Global demand for truck and bus radial tires for heavy-duty vehicles is experiencing a significant increase. Prime TBR tire manufacturers are actively investing in the creation of specialized web portals and selling their tires through digital stores and third-party marketplaces to capitalize on revenue opportunities. Additionally, key market players are emphasizing the development of sustainable and smart tires as a means to expand their customer base.
- As part of its mid-term business plan (2021 to 2023), Bridgestone Corporation announced in December 2021 the consolidation of its TBR tire manufacturing operations in China. The objective of this initiative is to enhance growth opportunities by strengthening the company's earning power and facilitating strategic investments for future expansion.
Key Segments of Truck and Bus Radial Tire Industry Research
-
By Application :
- Trucks
- Buses
-
By Sales Channel :
- OEMs
- Aftermarket
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Preface
- 2. Assumptions and Research Methodology
- 3. Executive Summary : Global Market
- 4. Market Overview
- 5. Global Market Analysis and Forecast, by Application
- 5.1. Truck
- 5.2. Bus
- 6. Global Market Analysis and Forecast, by Sales Channel
- 6.1. OEM
- 6.2. Aftermarket
- 7. Global Market Analysis and Forecast, by Region
- 7.1. North America
- 7.2. South America
- 7.3. Europe
- 7.4. Asia Pacific
- 7.5. Middle East & Africa
- 8. North America Market Volume (Million Units) & Value (US$ Mn) Forecast, 2023 to 2033
- 9. Latin America Market Volume (Million Units) & Value (US$ Mn) Forecast, 2023 to 2033
- 10. Europe Market Volume (Million Units) & Value (US$ Mn) Forecast, 2023 to 2033
- 11. Asia Pacific Market Volume (Million Units) & Value (US$ Mn) Forecast, 2023 to 2033
- 12. Middle East & Africa Market Volume (Million Units) & Value (US$ Mn) Forecast, 2023 to 2033
- 13. Competition Landscape
- 13.1. Bridgestone Corporation
- 13.2. Aeolus Tyre
- 13.3. Hankook
- 13.4. MICHELIN
- 13.5. Cheng Shin Rubber
- 13.6. Toyo Tires
- 13.7. KUMHO Tire
- 13.8. Giti Tire
- 13.9. The Goodyear Tire & Rubber Company
- 13.10. Yokohama Rubber Company
- 13.11. ZC Rubber
- 13.12. Continental AG
- 13.13. Sumitomo Rubber Industries Ltd.
- 13.14. Xingyuan Group
- 13.15. Triangle Tire Group
- 13.16. Sailun Group
- 13.17. Prometeon Tire Group
- 14. Research Methodology
- 15. Acronyms & Assumptions Used
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List Of Table
Table 01: Global Market Volume (Million Units) Forecast, by Application, 2023 to 2033
Table 02: Global Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 03: Global Market Volume (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 04: Global Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 05: Global Market Volume (Million Units) Forecast, by Region, 2023 to 2033
Table 06: Global Market Value (US$ Bn) Forecast, by Region, 2023 to 2033
Table 07: North America Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 08: North America Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 09: North America Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 10: North America Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 11: North America Market Volume, (Million Units) Forecast, by Country, 2023 to 2033
Table 12: North America Market Value (US$ Bn) Forecast, by Country, 2023 to 2033
Table 13: U.S. Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 14: U.S. Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 15: U.S. Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 16: U.S. Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 17: Canada Market Volume ,(Million Units) Forecast, by Application, 2023 to 2033
Table 18: Canada Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 19: Canada Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 20: Canada Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 21: Mexico Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 22: Mexico Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 23: Mexico Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 24: Mexico Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 25: South America Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 26: South America Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 27: South America Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 28: South America Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 29: South America Market Volume, (Million Units) Forecast, by Country and Sub-region, 2023 to 2033
Table 30: South America Truck and Bus Radial (TBR) Tire Market Value (US$ Bn) Forecast, by Country and Sub-region, 2023 to 2033
Table 31: Brazil Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 32: Brazil Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 33: Brazil Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 34: Brazil Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 35: Rest of South America Market Volume ,(Million Units) Forecast, by Application, 2023 to 2033
Table 36: Rest of South America Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 37: Rest of South America Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 38: Rest of South America Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 39: Europe Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 40: Europe Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 41: Europe Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 42: Europe Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 43: Europe Market Volume, (Million Units) Forecast, by Country and Sub-region, 2023 to 2033
Table 44: Europe Market Value (US$ Bn) Forecast, by Country and Sub-region, 2023 to 2033
Table 45: Germany Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 46: Germany Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 47: Germany Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 48: Germany Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 49: U.K. Market Volume ,(Million Units) Forecast, by Application, 2023 to 2033
Table 50: U.K. Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 51: U.K. Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 52: U.K. Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 53: France Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 54: France Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 55: France Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 56: France Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 57: Italy Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 58: Italy Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 59: Italy Truck and Bus Radial (TBR) Tire Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 60: Italy Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 61: Spain Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 62: Spain Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 63: Spain Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 64: Spain Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 65: Rest of Europe Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 66: Rest of Europe Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 67: Rest of Europe Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 68: Rest of Europe Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 69: Asia Pacific Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 70: Asia Pacific Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 71: Asia Pacific Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 72: Asia Pacific Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 73: Asia Pacific Market Volume, (Million Units) Forecast, by Country and Sub-region, 2023 to 2033
Table 77: Asia Pacific Market Value (US$ Bn) Forecast, by Country and Sub-region, 2023 to 2033
Table 75: China Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 76: China Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 77: China Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 78: China Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 79: India Market Volume ,(Million Units) Forecast, by Application, 2023 to 2033
Table 80: India Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 81: India Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 82: India Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 83: Japan Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 84: Japan Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 85: Japan Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 86: Japan Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 87: ASEAN Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 88: ASEAN Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 89: ASEAN Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 90: ASEAN Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 91: Rest of Asia Pacific Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 92: Rest of Asia Pacific Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 93: Rest of Asia Pacific Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 94: Rest of Asia Pacific Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 95: Middle East & Africa Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 96: Middle East & Africa Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 97: Middle East & Africa Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 98: Middle East & Africa Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 99: Middle East & Africa Market Volume, (Million Units) Forecast, by Country and Sub-region, 2023 to 2033
Table 100: Middle East & Africa Market Value (US$ Bn) Forecast, by Country and Sub-region, 2023 to 2033
Table 101: GCC Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 102: GCC Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 103: GCC Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 105: GCC Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 106: South Africa Market Volume ,(Million Units) Forecast, by Application, 2023 to 2033
Table 107: South Africa Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 108: South Africa Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 109: South Africa Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
Table 110: Rest of Middle East & Africa Market Volume, (Million Units) Forecast, by Application, 2023 to 2033
Table 111: Rest of Middle East & Africa Market Value (US$ Bn) Forecast, by Application, 2023 to 2033
Table 112: Rest of Middle East & Africa Market Volume, (Million Units) Forecast, by Sales Channel, 2023 to 2033
Table 113: Rest of Middle East & Africa Market Value (US$ Bn) Forecast, by Sales Channel, 2023 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Bn), Forecast, 2023 to 2033
Figure 02: Global Market Value (US$ Bn), Forecast, by Application, 2023 to 2033
Figure 03: Global Market, Incremental Opportunity (US$ Bn), by Application, 2023 to 2033
Figure 04: Global Market Share Analysis, by Application, 2023 and 2033
Figure 05: Global Market Value (US$ Bn), Forecast, by Sales Channel, 2023 to 2033
Figure 06: Global Market, Incremental Opportunity (US$ Bn), by Sales Channel, 2023 to 2033
Figure 07: Global Market Share Analysis, by Sales Channel, 2023 and 2033
Figure 08: Global Market Value (US$ Bn), Forecast, by Region, 2023 to 2033
Figure 09: Global Market, Incremental Opportunity (US$ Bn), by Region, 2023 to 2033
Figure 10: Global Market Share Analysis, by Region, 2023 and 2033
Figure 11: North America Market Value (US$ Bn), Forecast, 2023 to 2033
Figure 12: North America Market Value (US$ Bn), Forecast, by Application, 2023 to 2033
Figure 13: North America Market, Incremental Opportunity (US$ Bn), by Application, 2023 to 2033
Figure 14: North America Market Share Analysis, by Application, 2023 and 2033
Figure 15: North America Market Value (US$ Bn), Forecast, by Sales Channel, 2023 to 2033
Figure 16: North America Market, Incremental Opportunity (US$ Bn), by Sales Channel, 2023 to 2033
Figure 17: North America Market Share Analysis, by Sales Channel, 2023 and 2033
Figure 18: North America Market Value (US$ Bn), Forecast, by Country, 2023 to 2033
Figure 19: North America Market, Incremental Opportunity (US$ Bn), by Country, 2023 to 2033
Figure 20: North America Market Share Analysis, by Country, 2023 and 2033
Figure 21: South America Market Value (US$ Bn), Forecast, 2023 to 2033
Figure 21: South America Market Value (US$ Bn), Forecast, by Application, 2023 to 2033
Figure 22: South America Market, Incremental Opportunity (US$ Bn), by Application, 2023 to 2033
Figure 23: South America Market Share Analysis, by Application, 2023 and 2033
Figure 24: South America Market Value (US$ Bn), Forecast, by Sales Channel, 2023 to 2033
Figure 25: South America Market, Incremental Opportunity (US$ Bn), by Sales Channel, 2023 to 2033
Figure 26: South America Market Share Analysis, by Sales Channel, 2023 and 2033
Figure 27: South America Market Value (US$ Bn), Forecast, by Country and Sub-region, 2023 to 2033
Figure 28: South America Market, Incremental Opportunity (US$ Bn), by Country and Sub-region, 2023 to 2033
Figure 29: South America Market Share Analysis, by Country/Sub-region, 2023 and 2033
Figure 30: Europe Market Value (US$ Bn), Forecast, 2023 to 2033
Figure 31: Europe Market Value (US$ Bn), Forecast, by Application, 2023 to 2033
Figure 32: Europe Market, Incremental Opportunity (US$ Bn), by Application, 2023 to 2033
Figure 33: Europe Market Share Analysis, by Application, 2023 and 2033
Figure 34: Europe Market Value (US$ Bn), Forecast, by Sales Channel, 2023 to 2033
Figure 35: Europe Market, Incremental Opportunity (US$ Bn), by Sales Channel, US$ Mn, 2023 to 2033
Figure 36: Europe Market Share Analysis, by Sales Channel, 2023 and 2033
Figure 37: Europe Market Value (US$ Bn), Forecast, by Country and Sub-region, 2023 to 2033
Figure 38: Europe Market, Incremental Opportunity (US$ Bn), by Country and Sub-region, 2023 to 2033
Figure 39: Europe Market Share Analysis, by Country/Sub-region, 2023 and 2033
Figure 40: Asia Pacific Market Value (US$ Bn), Forecast, 2023 to 2033
Figure 41: Asia Pacific Market Value (US$ Bn), Forecast, by Application, 2023 to 2033
Figure 42: Asia Pacific Market, Incremental Opportunity (US$ Bn), by Application, 2023 to 2033
Figure 43: Asia Pacific Market Share Analysis, by Application, 2023 and 2033
Figure 44: Asia Pacific Market Value (US$ Bn), Forecast, by Sales Channel, 2023 to 2033
Figure 45: Asia Pacific Market, Incremental Opportunity (US$ Bn), by Sales Channel, 2023 to 2033
Figure 46: Asia Pacific Market Share Analysis, by Sales Channel, 2023 and 2033
Figure 47: Asia Pacific Market Value (US$ Bn), Forecast, by Country and Sub-region, 2023 to 2033
Figure 48: Asia Pacific Market, Incremental Opportunity (US$ Bn), by Country and Sub-region, 2023 to 2033
Figure 49: Asia Pacific Market Share Analysis, by Country and Sub-region, 2023 and 2033
Figure 50: Middle East & Africa Market Value (US$ Bn), Forecast, 2023 to 2033
Figure 51: Middle East & Africa Market Value (US$ Bn), Forecast, by Application, 2023 to 2033
Figure 52: Middle East & Africa Market, Incremental Opportunity (US$ Bn), by Application, 2023 to 2033
Figure 53: Middle East & Africa Market Share Analysis, by Application, 2023 and 2033
Figure 54: Middle East & Africa Market Value (US$ Bn), Forecast, by Sales Channel, 2023 to 2033
Figure 55: Middle East & Africa Market, Incremental Opportunity (US$ Bn), by Sales Channel, 2023 to 2033
Figure 56: Middle East & Africa Market Share Analysis, by Sales Channel, 2023 and 2033
Figure 57: Middle East & Africa Market Value (US$ Bn), Forecast, by Sub-region/Country, 2023 to 2033
Figure 58: Middle East & Africa Market, Incremental Opportunity (US$ Bn), by Country and Sub-region, 2023 to 2033
Figure 59: Middle East & Africa Market Share Analysis, by Country and Sub-region, 2023 and 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the truck and bus radial tire market size in 2023?
The global truck and bus radial tire market stands at US$ 16.77 billion in 2023.
What is the expected market value for truck and bus radial tires by 2033?
The market for truck and bus radial tires is expected to reach US$ 30.03 billion by 2033.
What is the rate at which the global market is predicted to expand?
Sales of truck and bus radial tires are forecasted to rise at a CAGR of 6% over the next 10 years.
Who are the top 3 producers of truck and bus radial tires?
Leading companies manufacturing TBR tires are Bridgestone Corporation, Michelin, and Toyo Tires.
Which is the most profitable market in the European region?
Demand for truck and bus radial tires in Germany is predicted to increase at a CAGR of 7.6% due to rapid innovations in the production of tires.
Truck and Bus Radial Tire Market