Truck and bus radial (TBR) tires are lightweight and fuel-efficient as compared to conventional bias tires. These tires provide better handling, stability and safety to heavy vehicles. They are primarily used in medium and heavy commercial vehicles such as trucks, buses and light commercial vehicles.
The Truck & bus radial (TBR) tire market is estimated to be valued at USD 19.27 Bn in 2025, and is expected to reach USD 31.58 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2032.
Key Takeaways
Key players operating in the TBR tire market are Apollo Tyres, Balkrishna Industries
Limited, Bridgestone Corporation, China National Tire and Rubber Co., Ltd., Continental
AG, Cooper Tire and Rubber Company, Giti Tire, The Goodyear Tire and Rubber Company, Hankook Tire and Technology Co. Ltd., Kumho Tire Co., Inc., MICHELIN, Nokian Tyres plc., Pirelli and C.S.p.A., Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation, Yokohama Rubber Industries Co., Ltd., ZC Rubber, Prometeon Tyre Group S.R.L. The key opportunities in the market include growing demand for fuel-efficient tires from the logistics sector. There is also an increased focus on developing self-inflating and multi-usage tires using advanced technologies.
Market Drivers
Truck and bus radial (TBR) tire market share has increased transportation via trucks and buses. This has propelled the demand for sturdy and durable TBR tires from fleet owners. Stringent fuel economy and emission regulations mandated by governments globally are also driving OEMs to adopt more fuel-efficient TBR tire designs. The low maintenance and long operating life of TBR tires compared to bias tires further encourage commercial vehicle owners to switch to radial tires.
Challenges in the Truck And Bus Radial (TBR) Tire Market
The Truck And Bus Radial (TBR) tire market is facing several challenges currently. Raw material prices have seen an uptick in the last one year putting pressure on tire manufacturers' margins. Supply chain disruptions due to the COVID-19 pandemic have also impacted tire production globally. Volatility in crude oil prices has led to fluctuation in natural rubber prices which is a key raw material for tire manufacturing. Stricter emission norms in countries like Europe and China have compelled tire makers to invest heavily in R&D to develop fuel efficient and low rolling resistance tires.
SWOT Analysis
Strength: Wide product portfolio and global presence of major players; Rising demand for commercial vehicles worldwide
Weakness: Intense competition among players; Volatility in raw material prices
Opportunity: Growth in electric commercial vehicle segment; Shift towards radialization in developing markets
Threats: Trade tensions among major economies; Rising preference for retreaded tires in certain markets
Geographically, the Asia Pacific region currently accounts for the largest share in the global TBR tire market in terms of value. Countries such as China, India and Japan have substantial commercial vehicle parc which is driving demand for replacement tires. North America and Europe are also significant markets.
The fastest growing regional market for TBR tires is expected to be Central and South America over the forecast period. Improving economic conditions and rising infrastructure spending are fueling commercial vehicle sales across nations like Brazil, Argentina and Colombia. This is creating robust demand for OEM fitment as well as replacement TBR tires.
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