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Truck and Bus Tires Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5790766
The truck and bus tires market size has grown steadily in recent years. It will grow from $44 billion in 2023 to $45.61 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historical period can be attributed to various factors including global economic growth, the expansion of logistics and freight industries, ongoing infrastructure development projects, fleet expansion, modernization efforts, and the increasing demand for urbanization and public transportation needs.

The truck and bus tires market size is expected to see steady growth in the next few years. It will grow to $53.17 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The anticipated growth in the upcoming period can be linked to several factors such as the surge in e-commerce and last-mile delivery services, an increased emphasis on green initiatives and fuel efficiency, the ongoing transition towards renewable energy and electric vehicles, stricter government regulations regarding safety and emissions, as well as the recovery from economic downturns. Key trends expected in this period encompass the integration of intelligent tire monitoring systems, a growing demand for all-season and specialized tires, increased adoption of radial tires, a focus on heavy-duty and higher load-carrying capacity, and the development of self-healing tire technology.

The truck and bus tires market is projected to experience growth owing to the escalating demand for commercial vehicles utilized for business purposes. These vehicles rely on truck and bus tires for their superior traction, high load-bearing capacity, and optimal performance across various speeds and weather conditions. As evidenced by Daimler Truck Holding AG's report in July 2022, global sales of trucks and buses surged by 20% to 455,400 units in 2021, accompanied by a 37% increase in incoming truck orders, totaling 590,000 units. Hence, the mounting demand for commercial vehicles is a significant driver of the truck and bus tires market.

The truck and bus tires market is set to grow owing to the expanding transportation industry's requirements. Embracing various sectors involved in goods and people movement, the transportation industry heavily relies on truck and bus tires for its efficient operation. The Bureau of Transportation Statistics highlighted the industry's substantial growth, projecting a significant Compound Annual Growth Rate (CAGR) of 38.5% through 2027. Employment within the transportation and warehousing sector surged by 8.2% in 2022, reflecting the sector's vital role in supporting global economic activities and fostering employment growth, thereby driving the truck and bus tires market.

Hankook Tire & Technology, a South Korea-based manufacturer, introduced the Smart iON AU06+ in October 2022. This truck and bus radial (TBR) tire specifically targets electric vehicles (EVs) and boasts features such as improved fuel efficiency, quick torque response, and heightened load support. With a promise of increasing vehicle mileage by 25% compared to regular tires, it also prioritizes ride quality by ensuring optimal comfort and reducing noise while incorporating a cooling system to manage overheating.

Major companies are strategically collaborating to drive innovation and fortify their market positioning. These strategic collaborations serve as catalysts for innovation, efficiency, and competitive advantage within the industry. An example is the collaboration between CEAT, an India-based multinational tire manufacturing company, and Marangoni S.p.A., an Italy-based green tire manufacturing company, in July 2023. Their alliance aims to enhance tire retreading for trucks and buses in India by leveraging CEAT's quality tire casings alongside Marangoni's advanced retreading technology. Focusing on sustainability, the collaboration endeavors to extend tire life, thereby reducing the environmental impact of the transport industry.

in June 2021, Goodyear Tire & Rubber Company, a US-based tire manufacturer, finalized the acquisition of Cooper Tire & Rubber Company for a substantial $2.8 billion. This strategic move consolidates the resources of both entities, positioning the merged company as a prominent leader in the US market. The acquisition reinforces Goodyear's product portfolio and services by combining efforts with Cooper Tire & Rubber Company, known for its expertise in designing and producing truck and replacement automobile tires.

Major companies operating in the truck and bus tires market report are Continental AG, Michelin Group, Bridgestone Corporation, Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Hankook Tire & Technology, Pirelli & Co SPA, Yokohama Tire Corporation, Zhongce Rubber Group Company Limited, Hangzhou Zhongce Rubber Co. Ltd., Trelleborg AB, Toyo Tire Corporation, Sailun Group, Giti Tire Corporation, Kumho Tire, Cooper Tire & Rubber Company, Linglong Tire Co. Ltd., Apollo Tyres Limited, Nokian Tyres Plc., Nexen Tire Corporation, Double Coin Holdings Ltd., JK Tyre & Industries Ltd., Ceat Ltd., Prometeon Tyre Group, Aeolus Tyres, MAXXIS International, Falken Tire Corporation, Hercules Tire & Rubber Company, Triangle Group, Shandong Hengfeng Rubber & Plastic Co. Ltd., Xingyuan Tire Group Co. Ltd., Cordiant Company, Federal Corporation, Kenda Rubber Industrial Co. Ltd.

Asia-Pacific was the largest region in the truck and bus tires market in 2023. The regions covered in the truck and bus tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the truck and bus tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Truck and bus tires primarily come in two types such as radial and bias-ply. Radial tires feature cords running from one bead to another at right angles, offering superior performance and reliability. These tires cater to various vehicles, including light-duty and heavy-duty vehicles, as well as passenger buses. Distribution channels for these tires span from OEM (original equipment manufacturer) to the aftermarket, serving diverse applications in truck tires and bus tires.

The truck and bus tires market research report is one of a series of new reports that provides truck and bus tires market statistics, including truck and bus tires industry global market size, regional shares, competitors with a truck and bus tires market share, detailed truck and bus tires market segments, market trends, and opportunities, and any further data you may need to thrive in the truck and bus tires industry. This truck and bus tires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The truck and bus tires market consists of sales of all-terrain tires, heavy-duty tires, off-road tires, mud tires, and winter tires. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Truck and Bus Tires Market Characteristics3. Truck and Bus Tires Market Trends and Strategies
4. Truck and Bus Tires Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Truck and Bus Tires Market Size and Growth
5.1. Global Truck and Bus Tires Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Truck and Bus Tires Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Truck and Bus Tires Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Truck and Bus Tires Market Segmentation
6.1. Global Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Radial
  • Bias
6.2. Global Truck and Bus Tires Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Light Duty Vehicle
  • Heavy Duty Vehicle
  • Passenger Bus Vehicle
6.3. Global Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • OEM (Original Equipment Manufacturer)
  • Aftermarket
6.4. Global Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Truck Tire
  • Bus Tire
7. Truck and Bus Tires Market Regional and Country Analysis
7.1. Global Truck and Bus Tires Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Truck and Bus Tires Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Truck and Bus Tires Market
8.1. Asia-Pacific Truck and Bus Tires Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Truck and Bus Tires Market
9.1. China Truck and Bus Tires Market Overview
9.2. China Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Truck and Bus Tires Market
10.1. India Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Truck and Bus Tires Market
11.1. Japan Truck and Bus Tires Market Overview
11.2. Japan Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Truck and Bus Tires Market
12.1. Australia Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Truck and Bus Tires Market
13.1. Indonesia Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Truck and Bus Tires Market
14.1. South Korea Truck and Bus Tires Market Overview
14.2. South Korea Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Truck and Bus Tires Market
15.1. Western Europe Truck and Bus Tires Market Overview
15.2. Western Europe Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Truck and Bus Tires Market
16.1. UK Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Truck and Bus Tires Market
17.1. Germany Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Truck and Bus Tires Market
18.1. France Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Truck and Bus Tires Market
19.1. Italy Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Truck and Bus Tires Market
20.1. Spain Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Truck and Bus Tires Market
21.1. Eastern Europe Truck and Bus Tires Market Overview
21.2. Eastern Europe Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Truck and Bus Tires Market
22.1. Russia Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Truck and Bus Tires Market
23.1. North America Truck and Bus Tires Market Overview
23.2. North America Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Truck and Bus Tires Market
24.1. USA Truck and Bus Tires Market Overview
24.2. USA Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Truck and Bus Tires Market
25.1. Canada Truck and Bus Tires Market Overview
25.2. Canada Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Truck and Bus Tires Market
26.1. South America Truck and Bus Tires Market Overview
26.2. South America Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Truck and Bus Tires Market
27.1. Brazil Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Truck and Bus Tires Market
28.1. Middle East Truck and Bus Tires Market Overview
28.2. Middle East Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Truck and Bus Tires Market
29.1. Africa Truck and Bus Tires Market Overview
29.2. Africa Truck and Bus Tires Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Truck and Bus Tires Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Truck and Bus Tires Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Truck and Bus Tires Market Competitive Landscape and Company Profiles
30.1. Truck and Bus Tires Market Competitive Landscape
30.2. Truck and Bus Tires Market Company Profiles
30.2.1. Continental AG
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Michelin Group
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Bridgestone Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Goodyear Tire & Rubber Company
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Sumitomo Rubber Industries Ltd.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Truck and Bus Tires Market Other Major and Innovative Companies
31.1. Hankook Tire & Technology
31.2. Pirelli & Co SPA
31.3. Yokohama Tire Corporation
31.4. Zhongce Rubber Group Company Limited
31.5. Hangzhou Zhongce Rubber Co. Ltd.
31.6. Trelleborg AB
31.7. Toyo Tire Corporation
31.8. Sailun Group
31.9. Giti Tire Corporation
31.10. Kumho Tire
31.11. Cooper Tire & Rubber Company
31.12. Linglong Tire Co. Ltd.
31.13. Apollo Tyres Limited
31.14. Nokian Tyres Plc.
31.15. Nexen Tire Corporation
32. Global Truck and Bus Tires Market Competitive Benchmarking33. Global Truck and Bus Tires Market Competitive Dashboard34. Key Mergers and Acquisitions in the Truck and Bus Tires Market
35. Truck and Bus Tires Market Future Outlook and Potential Analysis
35.1 Truck and Bus Tires Market in 2028 - Countries Offering Most New Opportunities
35.2 Truck and Bus Tires Market in 2028 - Segments Offering Most New Opportunities
35.3 Truck and Bus Tires Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Truck and Bus Tires Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on truck and bus tires market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for truck and bus tires? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Radial; Bias
2) By Vehicle Type: Light Duty Vehicle; Heavy Duty Vehicle; Passenger Bus Vehicle
3) By Distribution Channel: OEM (Original Equipment Manufacturer); Aftermarket
4) By Application: Truck Tire; Bus Tire

Key Companies Mentioned: Continental AG; Michelin Group; Bridgestone Corporation; Goodyear Tire & Rubber Company; Sumitomo Rubber Industries Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Continental AG
  • Michelin Group
  • Bridgestone Corporation
  • Goodyear Tire & Rubber Company
  • Sumitomo Rubber Industries Ltd.
  • Hankook Tire & Technology
  • Pirelli & Co SPA
  • Yokohama Tire Corporation
  • Zhongce Rubber Group Company Limited
  • Hangzhou Zhongce Rubber Co. Ltd.
  • Trelleborg AB
  • Toyo Tire Corporation
  • Sailun Group
  • Giti Tire Corporation
  • Kumho Tire
  • Cooper Tire & Rubber Company
  • Linglong Tire Co. Ltd.
  • Apollo Tyres Limited
  • Nokian Tyres Plc.
  • Nexen Tire Corporation
  • Double Coin Holdings Ltd.
  • JK Tyre & Industries Ltd.
  • Ceat Ltd.
  • Prometeon Tyre Group
  • Aeolus Tyres
  • MAXXIS International
  • Falken Tire Corporation
  • Hercules Tire & Rubber Company
  • Triangle Group
  • Shandong Hengfeng Rubber & Plastic Co. Ltd.
  • Xingyuan Tire Group Co. Ltd.
  • Cordiant Company
  • Federal Corporation
  • Kenda Rubber Industrial Co. Ltd.

Methodology

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