Truck and Bus Radial Tires - Global Strategic Business Report

The global market for Truck and Bus Radial Tires was estimated at US$16.3 Billion in 2024 and is projected to reach US$21.2 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Truck and Bus Radial Tires market.

Global Truck and Bus Radial Tires Market - Key Trends & Drivers Summarized

Why Are Radial Tires Preferred in the Commercial Transport Industry?

Radial tires offer superior fuel efficiency, tread life, and safety, making them the top choice for commercial fleets. Their structure, with steel belts at 90 degrees to the direction of travel, provides better traction, less heat generation, and longer mileage under heavy loads. This makes them essential for long-haul trucks and intercity buses.

Their structural integrity allows for reduced rolling resistance, directly translating into better fuel economy and lower CO2 emissions. This performance advantage, combined with regulatory pressure to reduce fleet emissions, is compelling fleet operators to convert fully to radial tire systems. OEMs are also equipping new commercial vehicles with TBRs as standard.

How Are Technology and Fleet Management Strategies Shaping the TBR Market?

Smart tire technology is revolutionizing TBRs. Sensors embedded in tires now provide real-time data on pressure, temperature, and wear, improving safety and enabling predictive maintenance. Fleets using digital monitoring platforms are achieving significant reductions in downtime and maintenance costs.

Material innovations like low-resistance rubber blends and advanced tread patterns are also increasing fuel efficiency and road grip. Retreading technologies have improved dramatically, allowing tires to be reused without sacrificing performance, reducing environmental impact. TBRs are now essential tools in intelligent, connected fleet ecosystems.

The Growth in the Truck and Bus Radial Tires Market Is Driven by Several Factors

The growth in the truck and bus radial tires market is driven by several factors including expansion of commercial transportation networks, stricter emission regulations, and the integration of IoT in fleet maintenance. Rising e-commerce logistics and infrastructure development are increasing demand for durable tires. OEM mandates and fleet electrification trends are also favoring low-rolling-resistance tire systems. Finally, adoption of smart tire monitoring and retread compatibility is making TBRs more economical and sustainable, driving sustained growth in both replacement and OEM markets.

Scope Of Study:

The report analyzes the Truck and Bus Radial Tires market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Vehicle Type (Truck, Bus); Distribution Channel (OEM Distribution Channel, Aftermarket Distribution Channel)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Truck segment, which is expected to reach US$15.4 Billion by 2030 with a CAGR of a 5.1%. The Bus segment is also set to grow at 2.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $4.4 Billion in 2024, and China, forecasted to grow at an impressive 8.2% CAGR to reach $4.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Truck and Bus Radial Tires Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Truck and Bus Radial Tires Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Truck and Bus Radial Tires Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Aeolus Tyre Co., Ltd., Apollo Tyres Ltd, Bridgestone Corporation, CEAT Ltd., Continental AG and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 33 companies featured in this Truck and Bus Radial Tires market report include:

• Aeolus Tyre Co., Ltd.
• Apollo Tyres Ltd
• Bridgestone Corporation
• CEAT Ltd.
• Continental AG
• Double Coin Holdings Ltd.
• Giti Tire Pte Ltd
• Goodyear Tire & Rubber Co.
• Hankook Tire & Technology
• JK Tyre & Industries Ltd
• Kumho Tire Co., Inc.
• Linglong Tire (Shandong Linglong)
• Maxxis International
• Michelin
• Nokian Tyres plc
• Prinx Chengshan Holdings Ltd.
• Pirelli & C. S.p.A.
• Sumitomo Rubber Industries
• Toyo Tire Corporation
• Zhongce Rubber Group Co., Ltd

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.