Global Truck & Bus Radial Tire Market Size & Outlook
Global truck & bus radial tire market, 2018-2030 (US$M)
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Global truck & bus radial tire market highlights
- The global truck & bus radial tire market generated a revenue of USD 19,745.6 million in 2024 and is expected to reach USD 28,297.2 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.6% by 2030.
- In terms of segment, trucks accounted for a revenue of USD 18,065.9 million in 2024.
- Trucks is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 19,745.6 million |
| Market revenue in 2030 | USD 28,297.2 million |
| Growth rate | 6.6% (CAGR from 2025 to 2030) |
| Largest segment | Trucks |
| Fastest growing segment | Trucks |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Trucks, Buses |
Other key industry trends
- In terms of revenue, the North America accounted for 18.4% of the global truck & bus radial tire market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 2,764.0 million by 2030.
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Truck & Bus Radial Tire Market Scope
Truck & Bus Radial Tire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kumho Tire | View profile | 5001-10000 | Mapo, Seoul-t'ukpyolsi, South Korea, Asia | https://www.kumhotire.co.kr/ |
| Balkrishna Industries | View profile | 5001-10000 | Mumbai, Maharashtra, India, Asia | https://www.bkt-tires.com/en |
| Giti Tire | View profile | 10001+ | Singapore, Central Region, Singapore, Asia | http://www.giti.com |
| The Goodyear Tire & Rubber | View profile | 10001+ | Akron, Ohio, United States, North America | http://www.goodyear.com |
| Apollo Tyres | View profile | 10001+ | Gurgaon, Haryana, India, Asia | https://www.apollotyres.com/ |
| Yokohama Rubber Co Ltd | View profile | 33617 | 36-11, Shimbashi 5-chome, Minato-ku, Tokyo, Japan, 105-8685 | https://www.y-yokohama.com |
| Michelin | View profile | 125000 | 23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, France, 63000 | https://www.michelin.com |
| Sumitomo Rubber Industries Ltd | View profile | 42997 | 3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, Japan, 651-0072 | http://www.srigroup.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Bridgestone Corp | View profile | 125199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | http://www.bridgestone.co.jp |
Global truck & bus radial tire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to truck & bus radial tire market will help companies and investors design strategic landscapes.
Trucks was the largest segment with a revenue share of 91.49% in 2024. Horizon Databook has segmented the Global truck & bus radial tire market based on trucks, buses covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Truck & Bus Radial Tire Application Outlook (Revenue, USD Million, 2018-2030)
- Trucks
- Buses
- Global Truck & Bus Radial Tire Sales Channel Outlook (Revenue, USD Million, 2018-2030)
- Aftermarket
- OEMs
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Our clientele includes a mix of truck & bus radial tire market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global truck & bus radial tire market , including forecasts for subscribers. This global databook contains high-level insights into Global truck & bus radial tire market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global truck & bus radial tire market size, by regions, 2018-2030 (US$M)
Top 10 countries: Truck & bus radial tire market size, 2024 (US$M)
Global truck & bus radial tire market share, by application, 2024 & 2030 (%, US$M)
Truck & bus radial tire market: Opportunity assessment by country
Global truck & bus radial tire market, by region, 2024 (US$M)
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