TBR Tire Market Value to Reach US$ 29.0 Billion by 2031, Transparency Market Research, Inc.

Increase in usage of heavy-duty vehicles is likely to fuel market growthThe truck segment held 58.3% share of the global market in 2021Rise in logistics and goods transportation across developing…

TBR Tire Market Value to Reach US$ 29.0 Billion by 2031, Transparency Market Research, Inc.

Market growth will likely be fueled by an increase in heavy-duty vehicle usage

In 2021, the truck segment accounted for 58.3% of the global market

Promising opportunities exist in the region's growth in logistics and goods transport across developing countries.

According to Transparency Market Research's (TMR) market outlook, the global TBR tire market will grow at 6.7% CAGR between 2022 and 2031.

Truck tires should be replaced regularly as they are not designed to last for long periods of time. Because of their ease-of-use and lack of customization, replacement tires are more economical than OEM tires. The aftermarket segment held 55.0% of the global market's total sales channel share in 2021. This is due to an increase in truck, bus and radial (TBR), tires in the aftermarket sector. According to TMR's forecast for the TBR tire industry, the aftermarket will grow at a rapid pace over the forecast period.

Request to Sample PDF of this Strategic Report (Use Corporate Mail ID for Top Priority) - URL.php?flag=S&rep_id=79016

TBR Tire Market: Key Findings

A major market trend is the rise in demand for medium- and heavy-duty trucks around the world to move freight. TBR truck tires are expected to see a rise in demand over the next few years. The truck segment will be driven by the increased focus on public transport infrastructure building by major countries during the forecast period.

Smart tires are a market leader's priority. Market players are expanding their R&D activities. They are using next-generation processes and materials to achieve this goal. Tire manufacturers are trying to make tires last longer and more efficient with rubber compounds. The market is likely to grow due to the increasing popularity of smart tires that have integrated sensors and increased use of public transport.

Vehicle owners are putting more emphasis on maintaining a regular maintenance schedule. Market development is expected to accelerate in the coming years due to increased awareness of the importance of regular tire inspections in order to prevent vehicle breakdown.

TBR Tire Market: Growth Drivers

The global market will see significant growth in e-commerce.

Market demand is increasing due to the rising construction of roads in developing and developed countries around the world.

Immediate Delivery Available - URL.php?rep_id=79016

Regional Analysis

The Asia Pacific region is expected to dominate global markets during the forecast period. This is due to the presence of key rubber manufacturing nations, such as China and Japan, outstanding industrial growth and an increase in logistics and goods transport activities in the region.

In 2021, North America held a significant market share worldwide. Due to an increase in commercial vehicle sales, the market will experience strong growth over the forecast period. The North American market will see a rise in use of next-generation technologies from regional tire manufacturers in the near future.

TBR Tire Market

Advanced technologies are being adopted by companies in their production processes

They are focusing on strategies such as product launches and acquisitions to keep their market leadership position.

Ask for References - URL.php?flag=ARF&rep_id=79016

TBR Tire Market: Key Players

Balkrishna Industries Limited

Apollo Tyres

China National Tire & Rubber Co. Ltd.

Bridgestone Corporation

Cooper Tire & Rubber Company

Continental AG

Giti Tire

Kumho Tire Co., Inc.

Hankook Tire & Technology Co. Ltd.

Nokian Tyres plc.


Pirelli & C.S.p.A.

Yokohama Rubber Industries Co., Ltd.

Sumitomo Rubber Industries, Ltd.

Toyo Tire Corporation

Prometeon Tyre Group S.R.L.

ZC Rubber

The Goodyear Tire & Rubber Company

Segmentation of the TBR Tire Market


Sales Channel

Tire Size


North America


Asia Pacific

Middle East & Africa

South America

Recent Automotive Industry Reports: -

Market Size and Share Report for Recreational Vehicles (RVs), 2022-2031

Industry Report 2020-2031

Share of Front-end Module Market Growth from 2022 to 2031

Industry Growth in Rocker Arm Assembly from 2022 to 2031

Automotive Aluminum Extrusion Market Growth Report, 2022-2031

Market Share for Automotive Speakers from 2022 to 2031

Automotive Seat Cover Industry Growth From 2022 - 2030

Luxury Shuttle Bus Market Growth Report 2022-2031

Automotive Adhesive Market Size & Share, 2022-2031

Truck & Bus Radial (TBR), Tire Market Size, Share, Industry Report, 2022-2031

Transparency Market Research

Transparency Market Research, a company that provides custom research and consulting services, has been registered in Wilmington, Delaware. TMR offers in-depth insight into the factors that drive demand in the market. It identifies market opportunities based on source, application, sales channel, and end-use that will support growth over the next nine years.

A team of experts continuously updates and revises our data repository to ensure it is always up-to-date with the most recent trends and information. Transparency Market Research has a wide range of research and analysis capabilities. We use rigorous primary and second-level research methods to create unique data sets and research material that can be used in business reports.

Get in touch with us

Nikhil SawlaniTransparency Market Research Inc.CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,Suite 1200, Wilmington, Delaware 19801 USATel: 1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.comBlog: https://tmrblog.comEmail: EMAIL

Logo: URL.jpg

Original content available at URL.html

SOURCE Transparency Market Research