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The heavy-duty vehicle tires market is forecasted to grow by USD 16.1 billion during 2024-2029, accelerating at a CAGR of 6.4% during the forecast period. The report on the heavy-duty vehicle tires market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for heavy-duty trucks for freight transportation, increasing penetration of tpms, and adoption of predictive maintenance of tires.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The heavy-duty vehicle tires market is segmented as below:
By Application
- Trucks
- Buses
By End-user
- Aftermarket
- OEM
By Product Type
- 29 to 39 inch rim diameter
- 39 to 49 inch rim diameter
- Above 49 inch rim diameter
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the heavy-duty vehicle tires market covers the following areas:
- Heavy-Duty Vehicle Tires Market sizing
- Heavy-Duty Vehicle Tires Market forecast
- Heavy-Duty Vehicle Tires Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by End-user
10 Market Segmentation by Product Type
29 to 39 inch rim diameter - Market size and forecast 2024-2029
39 to 49 inch rim diameter - Market size and forecast 2024-2029
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global heavy-duty vehicle tires market: Apollo Tyres Ltd., Balkrishna Industries Ltd., Bridgestone Corp., Continental AG, Giti Tire Pte. Ltd., Hankook Tire and Technology Co. Ltd., Hawk Tires, JK Tyre and Industries Ltd., Michelin Group, MRF Ltd., Nokian Tyres Plc, Shandong Linglong Tyre Co. Ltd., Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Co., TITAN INTERNATIONAL INC., Toyo Tire Corp., Trelleborg AB, Yokohama Rubber Co. Ltd., and Zhongce Rubber Group Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of smarter tires."
According to the report, one of the major drivers for this market is the rising demand for heavy-duty trucks for freight transportation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apollo Tyres Ltd.
- Balkrishna Industries Ltd.
- Bridgestone Corp.
- Continental AG
- Giti Tire Pte. Ltd.
- Hankook Tire and Technology Co. Ltd.
- Hawk Tires
- JK Tyre and Industries Ltd.
- Michelin Group
- MRF Ltd.
- Nokian Tyres Plc
- Shandong Linglong Tyre Co. Ltd.
- Sumitomo Rubber Industries Ltd.
- The Goodyear Tire and Rubber Co.
- TITAN INTERNATIONAL INC.
- Toyo Tire Corp.
- Trelleborg AB
- Yokohama Rubber Co. Ltd.
- Zhongce Rubber Group Co. Ltd.
