Global TBR Tire Market Growth 2023-2029

Global TBR Tire Market Growth 2023-2029

A radial tire or a radial-ply tire is a specific type of vehicle tire where the cord plies are designed radially or at right angles to the direct of travel from the center of the tire. These tires are widely adopted in the two-wheelers and also in the passenger cars. However, the adoption of radial tires is increasing rapidly in other countries and is gaining momentum in India. The radial tires have better life, and better ride quality and fuel efficiency thereby making them a popular choice among end-users.

LPI (LP Information)' newest research report, the “TBR Tire Industry Forecast” looks at past sales and reviews total world TBR Tire sales in 2022, providing a comprehensive analysis by region and market sector of projected TBR Tire sales for 2023 through 2029. With TBR Tire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world TBR Tire industry.

This Insight Report provides a comprehensive analysis of the global TBR Tire 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 TBR Tire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global TBR Tire market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for TBR Tire 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 TBR Tire.

The global TBR Tire market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The main trend witnessed by the TBR Tire market in India is the immense investments by local as well as global players in the country. The increased adoption of radial tires in trucks and buses, especially by the OEMs, has led to increased demand for TBR tires in the country. The main factor that is driving the demand in the TBR Tire market is the improved durability of the tires and the improved safety facilitated by them. Radial tires generate less heat compared to BIAS tires and, hence, last longer. These tires also tend to have fewer punctures over time and, hence, are highly durable.

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

Market Segmentation:

Segmentation by type
Rim Diameter (Below 20 inch)
Rim Diameter (20 to 45 inch)
Rim Diameter (45 to 65 inch)
Others

Segmentation by application
Trucks
Bus
Others

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 analyzing the company's coverage, product portfolio, its market penetration.
Bridgestone
Michelin
Goodyear
Continental
Pirelli
Hankook
Maxxis

Key Questions Addressed in this Report

What is the 10-year outlook for the global TBR Tire market?

What factors are driving TBR Tire market growth, globally and by region?

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

How do TBR Tire market opportunities vary by end market size?

How does TBR Tire break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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