Global Commercial Vehicle Tyre Market Growth 2025-2031

Global Commercial Vehicle Tyre Market Growth 2025-2031

The global Commercial Vehicle Tyre market size is predicted to grow from US$ 55490 million in 2025 to US$ 61630 million in 2031; it is expected to grow at a CAGR of 1.8% from 2025 to 2031.

Tire is a ring or band of rubber, either solid or hollow and inflated, or of metal, placed over the rim of a wheel to provide traction, resistance to wear, or other desirable properties.

Global Commercial Vehicle Tyre key players include Bridgestone, Michelin, Goodyear, etc. Global top three manufacturers hold a share about 40%.

Europe is the largest market, with a share about 30%, followed by North America and China, both have a share about 45 percent.

In terms of product, Radial Tyre is the largest segment, with a share over 90%. And in terms of application, the largest application is Aftermarket, followed by OEM.

LP Information, Inc. (LPI) ' newest research report, the “Commercial Vehicle Tyre Industry Forecast” looks at past sales and reviews total world Commercial Vehicle Tyre sales in 2024, providing a comprehensive analysis by region and market sector of projected Commercial Vehicle Tyre sales for 2025 through 2031. With Commercial Vehicle Tyre sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Vehicle Tyre industry.

This Insight Report provides a comprehensive analysis of the global Commercial Vehicle Tyre landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Vehicle Tyre portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Vehicle Tyre market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Vehicle Tyre and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Vehicle Tyre.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Vehicle Tyre market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Radial Tyre
Bias Tyre

Segmentation by Application:
Aftermarket
OEM

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Bridgestone
Michelin
Goodyear
Continental
ZC Rubber
Sumitomo Rubber
Double Coin
Pirelli
Aeolus Tyre
Sailun Group
Cooper tire
Hankook
Yokohama
Giti Tire
KUMHO TIRE
Triangle Tire Group
Cheng Shin Rubber
Linglong Tire
Toyo Tires
Xingyuan group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Commercial Vehicle Tyre market?

What factors are driving Commercial Vehicle Tyre market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Commercial Vehicle Tyre market opportunities vary by end market size?

How does Commercial Vehicle Tyre break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.