Global Truck and Bus Tires Market Growth 2025-2031

Global Truck and Bus Tires Market Growth 2025-2031

The global Truck and Bus Tires market size is predicted to grow from US$ 43030 million in 2025 to US$ 47210 million in 2031; it is expected to grow at a CAGR of 1.6% 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.

Asia-Pacific is the largest Truck and Bus Tires market with about 51% market share. Europe is follower, accounting for about 20% market share.

The key players are Bridgestone, Michelin, Goodyear, Continental, ZC Rubber, Sumitomo Rubber, Xingyuan Group, Linglong Tire, Hankook, Double Coin, Prometeon Tyre Group, Aeolus Tyre, Giti Tire, Cheng Shin Rubber, Yokohama, Triangle Tire Group, Sailun Group, KUMHO TIRE, Toyo Tires etc. Top 3 companies occupied about 63% market share.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Truck and Bus Tires 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 Truck and Bus Tires.

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

Segmentation by Type:
OEM Tire
Replacement Tire

Segmentation by Application:
Truck
Bus

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
Xingyuan Group
Linglong Tire
Hankook
Double Coin
Prometeon Tyre Group
Aeolus Tyre
Giti Tire
Cheng Shin Rubber
Yokohama
Triangle Tire Group
Sailun Group
KUMHO TIRE
Toyo Tires

Key Questions Addressed in this Report

What is the 10-year outlook for the global Truck and Bus Tires market?

What factors are driving Truck and Bus Tires market growth, globally and by region?

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

How do Truck and Bus Tires market opportunities vary by end market size?

How does Truck and Bus Tires break out by Type, by Application?