The commercial vehicle tire cords market size has grown strongly in recent years. It will grow from $5.26 billion in 2025 to $5.59 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growth in commercial vehicle production, expansion of logistics industry, demand for heavy-load tires, adoption of reinforced tire designs, infrastructure development.
The commercial vehicle tire cords market size is expected to see strong growth in the next few years. It will grow to $7.05 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing freight transportation, electric commercial vehicle adoption, demand for fuel-efficient tires, growth of long-haul logistics, advancements in tire material technology. Major trends in the forecast period include shift toward high-tensile steel cords, growing use of aramid cords, demand for lightweight reinforcement materials, expansion of oem supply agreements, focus on tire durability enhancement.
The increasing demand for commercial vehicles is expected to propel the growth of the commercial vehicle tire cords market going forward. Commercial vehicles are motor vehicles that are primarily used for business purposes rather than personal use and are designed to transport goods, cargo, or passengers for commercial purposes. The rise of commercial vehicles is due to people’s increasing need for efficient transportation of goods and services across various industries. Commercial vehicle tire cords help commercial vehicles by allowing improved durability, strength, and load-bearing capacity to withstand the heavy demands of long-distance and high-load transportation. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT, a UK-based trade association representing the interests of the automotive industry), in 2023, UK demand for new light commercial vehicles (LCVs) surged 21%, reaching a total of 341,455 units. Therefore, the increasing demand for commercial vehicles is driving the growth of the commercial vehicle tire cords market.
Major companies operating in the commercial vehicle tyre cords market are focusing on developing innovative solutions, such as sustainable nylon tyre cord fabrics, to minimize environmental impact while enhancing tire performance. Sustainable nylon tyre cord fabrics are tire-reinforcing materials produced from recycled or eco-friendly nylon, which help reduce waste, conserve natural resources, lower environmental impact, and maintain high tire strength, durability, and performance for various commercial vehicle applications. For instance, in January 2023, Century Enka Limited, an India-based manufacturing company, began commercial production of NTCF made from 100% recycled nylon waste for use by Apollo Tyres across selected ranges, including light and heavy commercial vehicles. In this process, in-process nylon waste from Century Enka’s plants is depolymerized back to caprolactam, extensively purified, then re-polymerized and spun into high-tenacity industrial yarn that is woven and RFL-dipped to create tyre cord fabric with mechanical properties comparable to traditional virgin-nylon cords used in truck and bus tyres. The fabric provides the same reinforcement, dimensional stability, and impact resistance required to support high axle loads in commercial fleets, while its recycled content and GRS certification enable tyre manufacturers to credibly report reductions in crude-oil use and embedded CO₂ per tyre.
In February 2025, Yokohama Rubber Co., Ltd., a Japan-based company specializing in the manufacturing of tires, acquired the off-the-road tire (hereafter OTR) business of The Goodyear Tire & Rubber Company for $905 million. Through this acquisition, Yokohama aims to expand its global presence in the off-highway tire market by integrating Goodyear’s Off-the-Road (OTR) tire product lineup, manufacturing facilities, and technical expertise, thereby strengthening its offerings for the mining and construction industries. Goodyear Tire & Rubber Company is a US-based tire manufacturer specializing in the development and production of tires for automobiles, commercial vehicles, and industrial applications.
Major companies operating in the commercial vehicle tire cords market report include Continental AG, Bridgestone Corporation, Michelin Group, Goodyear Tire And Rubber Company, Toray Industries, Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., Hankook Tire And Technology Co. Ltd., Bekaert, ZC Rubber Group Co. Ltd., Sailun Group Co. Ltd., Kolon Industries, Toyo Tire Corporation, Apollo Tyres Ltd., Giti Tire Pte. Ltd., Kumho Tire Co. Inc., Hyosung Corporation, SRF Ltd, Nokian Tyres plc, Triangle Tyre Co. Ltd., Double Coin Holdings Ltd., Maxxis International, Linglong Tire.
Asia-Pacific was the largest region in the commercial vehicle tire cords market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle tire cords market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial vehicle tire cords market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The commercial vehicle tire cords market consists of sales of rayon tire cords, hybrid tire cords, kevlar tire cords, and textile tire cords. 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.
This product will be delivered within 1-3 business days.
The commercial vehicle tire cords market size is expected to see strong growth in the next few years. It will grow to $7.05 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing freight transportation, electric commercial vehicle adoption, demand for fuel-efficient tires, growth of long-haul logistics, advancements in tire material technology. Major trends in the forecast period include shift toward high-tensile steel cords, growing use of aramid cords, demand for lightweight reinforcement materials, expansion of oem supply agreements, focus on tire durability enhancement.
The increasing demand for commercial vehicles is expected to propel the growth of the commercial vehicle tire cords market going forward. Commercial vehicles are motor vehicles that are primarily used for business purposes rather than personal use and are designed to transport goods, cargo, or passengers for commercial purposes. The rise of commercial vehicles is due to people’s increasing need for efficient transportation of goods and services across various industries. Commercial vehicle tire cords help commercial vehicles by allowing improved durability, strength, and load-bearing capacity to withstand the heavy demands of long-distance and high-load transportation. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT, a UK-based trade association representing the interests of the automotive industry), in 2023, UK demand for new light commercial vehicles (LCVs) surged 21%, reaching a total of 341,455 units. Therefore, the increasing demand for commercial vehicles is driving the growth of the commercial vehicle tire cords market.
Major companies operating in the commercial vehicle tyre cords market are focusing on developing innovative solutions, such as sustainable nylon tyre cord fabrics, to minimize environmental impact while enhancing tire performance. Sustainable nylon tyre cord fabrics are tire-reinforcing materials produced from recycled or eco-friendly nylon, which help reduce waste, conserve natural resources, lower environmental impact, and maintain high tire strength, durability, and performance for various commercial vehicle applications. For instance, in January 2023, Century Enka Limited, an India-based manufacturing company, began commercial production of NTCF made from 100% recycled nylon waste for use by Apollo Tyres across selected ranges, including light and heavy commercial vehicles. In this process, in-process nylon waste from Century Enka’s plants is depolymerized back to caprolactam, extensively purified, then re-polymerized and spun into high-tenacity industrial yarn that is woven and RFL-dipped to create tyre cord fabric with mechanical properties comparable to traditional virgin-nylon cords used in truck and bus tyres. The fabric provides the same reinforcement, dimensional stability, and impact resistance required to support high axle loads in commercial fleets, while its recycled content and GRS certification enable tyre manufacturers to credibly report reductions in crude-oil use and embedded CO₂ per tyre.
In February 2025, Yokohama Rubber Co., Ltd., a Japan-based company specializing in the manufacturing of tires, acquired the off-the-road tire (hereafter OTR) business of The Goodyear Tire & Rubber Company for $905 million. Through this acquisition, Yokohama aims to expand its global presence in the off-highway tire market by integrating Goodyear’s Off-the-Road (OTR) tire product lineup, manufacturing facilities, and technical expertise, thereby strengthening its offerings for the mining and construction industries. Goodyear Tire & Rubber Company is a US-based tire manufacturer specializing in the development and production of tires for automobiles, commercial vehicles, and industrial applications.
Major companies operating in the commercial vehicle tire cords market report include Continental AG, Bridgestone Corporation, Michelin Group, Goodyear Tire And Rubber Company, Toray Industries, Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., Hankook Tire And Technology Co. Ltd., Bekaert, ZC Rubber Group Co. Ltd., Sailun Group Co. Ltd., Kolon Industries, Toyo Tire Corporation, Apollo Tyres Ltd., Giti Tire Pte. Ltd., Kumho Tire Co. Inc., Hyosung Corporation, SRF Ltd, Nokian Tyres plc, Triangle Tyre Co. Ltd., Double Coin Holdings Ltd., Maxxis International, Linglong Tire.
Asia-Pacific was the largest region in the commercial vehicle tire cords market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle tire cords market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial vehicle tire cords market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The commercial vehicle tire cords market consists of sales of rayon tire cords, hybrid tire cords, kevlar tire cords, and textile tire cords. 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.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Commercial Vehicle Tire Cords Market Characteristics
3. Commercial Vehicle Tire Cords Market Supply Chain Analysis
4. Global Commercial Vehicle Tire Cords Market Trends and Strategies
5. Commercial Vehicle Tire Cords Market Analysis of End Use Industries
7. Global Commercial Vehicle Tire Cords Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Commercial Vehicle Tire Cords Total Addressable Market (TAM) Analysis for the Market
9. Commercial Vehicle Tire Cords Market Segmentation
10. Commercial Vehicle Tire Cords Market Regional and Country Analysis
11. Asia-Pacific Commercial Vehicle Tire Cords Market
12. China Commercial Vehicle Tire Cords Market
13. India Commercial Vehicle Tire Cords Market
14. Japan Commercial Vehicle Tire Cords Market
15. Australia Commercial Vehicle Tire Cords Market
16. Indonesia Commercial Vehicle Tire Cords Market
17. South Korea Commercial Vehicle Tire Cords Market
18. Taiwan Commercial Vehicle Tire Cords Market
19. South East Asia Commercial Vehicle Tire Cords Market
20. Western Europe Commercial Vehicle Tire Cords Market
21. UK Commercial Vehicle Tire Cords Market
22. Germany Commercial Vehicle Tire Cords Market
23. France Commercial Vehicle Tire Cords Market
24. Italy Commercial Vehicle Tire Cords Market
25. Spain Commercial Vehicle Tire Cords Market
26. Eastern Europe Commercial Vehicle Tire Cords Market
27. Russia Commercial Vehicle Tire Cords Market
28. North America Commercial Vehicle Tire Cords Market
29. USA Commercial Vehicle Tire Cords Market
30. Canada Commercial Vehicle Tire Cords Market
31. South America Commercial Vehicle Tire Cords Market
32. Brazil Commercial Vehicle Tire Cords Market
33. Middle East Commercial Vehicle Tire Cords Market
34. Africa Commercial Vehicle Tire Cords Market
36. Commercial Vehicle Tire Cords Market Competitive Landscape and Company Profiles
37. Commercial Vehicle Tire Cords Market Other Major and Innovative Companies
40. Commercial Vehicle Tire Cords Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Commercial Vehicle Tire Cords Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses commercial vehicle tire cords 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.
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Description
Where is the largest and fastest growing market for commercial vehicle tire cords? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The commercial vehicle tire cords market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, 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. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- 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 technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- 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.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- 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 company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type of Cord: Steel Cords; Fabric Cords; Polyester Cords; Aramid Cords; Other Type of Cords2) By Vehicle Type: Light Commercial Vehicles; Heavy Commercial Vehicles; Buses and Coaches
3) By Distribution Channel: Direct Sales; Distributors or Wholesalers; Online Retail; Original Equipment Manufacturers (OEMs)
4) By Application: on-Road Applications; Off-Road Applications; Urban Commercial Transportation; Long-Distance Hauling
Subsegments:
1) By Steel Cords: High-Tensile Steel Cords; Low-Tensile Steel Cords; Stainless Steel Cords; Galvanized Steel Cords2) By Fabric Cords: Nylon Fabric Cords; Polyester Fabric Cords; Rayon Fabric Cords; Cotton Fabric Cords
3) By Polyester Cords: High-Strength Polyester Cords; Low-Strength Polyester Cords
4) By Aramid Cords: Para-Aramid Cords; Meta-Aramid Cords
5) By Other Types of Cords: Glass Fiber Cords; Carbon Fiber Cords; Polyamide Cords
Companies Mentioned: Continental AG; Bridgestone Corporation; Michelin Group; Goodyear Tire and Rubber Company; Toray Industries; Sumitomo Rubber Industries Ltd.; Yokohama Rubber Co. Ltd.; Hankook Tire and Technology Co. Ltd.; Bekaert; ZC Rubber Group Co. Ltd.; Sailun Group Co. Ltd.; Kolon Industries; Toyo Tire Corporation; Apollo Tyres Ltd.; Giti Tire Pte. Ltd.; Kumho Tire Co. Inc.; Hyosung Corporation; SRF Ltd; Nokian Tyres plc; Triangle Tyre Co. Ltd.; Double Coin Holdings Ltd.; Maxxis International; Linglong Tire.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; 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: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Commercial Vehicle Tire Cords market report include:- Continental AG
- Bridgestone Corporation
- Michelin Group
- Goodyear Tire And Rubber Company
- Toray Industries
- Sumitomo Rubber Industries Ltd.
- Yokohama Rubber Co. Ltd.
- Hankook Tire And Technology Co. Ltd.
- Bekaert
- ZC Rubber Group Co. Ltd.
- Sailun Group Co. Ltd.
- Kolon Industries
- Toyo Tire Corporation
- Apollo Tyres Ltd.
- Giti Tire Pte. Ltd.
- Kumho Tire Co. Inc.
- Hyosung Corporation
- SRF Ltd
- Nokian Tyres plc
- Triangle Tyre Co. Ltd.
- Double Coin Holdings Ltd.
- Maxxis International
- Linglong Tire.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 5.59 Billion |
| Forecasted Market Value ( USD | $ 7.05 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
