India Truck & Bus Radial Tire Market Size & Outlook
The truck & bus radial tire market in India is expected to reach a projected revenue of US$ 3,857.8 million by 2033. A compound annual growth rate of 9.98% is expected of India truck & bus radial tire market from 2026 to 2033.
- Automotive, Mobility & Logistics
- Automotive & Auto Aftermarket
- Truck & Bus Radial Tire Market Outlook
- Automotive & Auto Aftermarket
Revenue, 2025 (US$M)
$1,860.0
Estimate, 2026 (US$M)
$1,982.7
Forecast, 2033 (US$M)
$3,857.8
CAGR, 2026 - 2033
10.0%
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India truck & bus radial tire market highlights
- The India truck & bus radial tire market generated a revenue of USD 1,860.0 million in 2025 and is expected to reach USD 3,857.8 million by 2033.
- The India market is expected to grow at a CAGR of 9.98% from 2026 to 2033.
- In terms of segment, trucks was the largest revenue generating application in 2025.
- Trucks is the most lucrative application segment registering the fastest growth during the forecast period.
Truck & bus radial tire market data book summary
| Market revenue in 2025 | USD 1,860.0 million |
| Market revenue in 2033 | USD 3,857.8 million |
| Growth rate | 9.98% (CAGR from 2026 to 2033) |
| Largest segment | Trucks |
| Fastest growing segment | Trucks |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Trucks, Buses |
| Key market players worldwide | Michelin, Apollo Tyres, Yokohama Rubber Co Ltd, Bridgestone Corp, Sumitomo Rubber Industries Ltd, Continental AG, Balkrishna Industries, Giti Tire, The Goodyear Tire & Rubber, Kumho Tire |
Other key industry trends
- In terms of revenue, India accounted for 9.0% of the global truck & bus radial tire market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China truck & bus radial tire market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,857.8 million by 2033.
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Publish Date: Jul 01, 2026
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Truck & Bus Radial Tire Market Scope
Truck & Bus Radial Tire Market segmentation & scope
Truck Bus Radial Tire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bridgestone Corp | View profile | 125,199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | www.bridgestone.co.jp |
| Continental AG | View profile | 200,888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | www.continental.com |
| Sumitomo Rubber Industries Ltd | View profile | 42,997 | 3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, Japan, 651-0072 | www.srigroup.co.jp |
| Michelin | View profile | 125,000 | 23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, France, 63000 | www.michelin.com |
| Yokohama Rubber Co Ltd | View profile | 33,617 | 36-11, Shimbashi 5-chome, Minato-ku, Tokyo, Japan, 105-8685 | www.y-yokohama.com |
| Apollo Tyres | View profile | 10001+ | Gurgaon, Haryana, India, Asia | www.apollotyres.com/ |
| The Goodyear Tire & Rubber | View profile | 10001+ | Akron, Ohio, United States, North America | www.goodyear.com |
| Giti Tire | View profile | 10001+ | Singapore, Central Region, Singapore, Asia | www.giti.com |
| Balkrishna Industries | View profile | 5001-10000 | Mumbai, Maharashtra, India, Asia | www.bkt-tires.com/en |
| Kumho Tire | View profile | 5001-10000 | Mapo, Seoul-t'ukpyolsi, South Korea, Asia | www.kumhotire.co.kr/ |
India 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 Outlook will help companies and investors design strategic landscapes.
Trucks was the largest segment with a revenue share of 93.87% in 2025.
Horizon Databook has segmented the India truck & bus radial tire market based on trucks, buses covering the revenue growth of each sub-segment from 2021 to 2033.
- India Truck & Bus Radial Tire Market Application Outlook (Revenue, USD Million , 2021-2033)
- Trucks
- Buses
- India Truck & Bus Radial Tire Market Sales Channel Outlook (Revenue, USD Million , 2021-2033)
- Aftermarket
- OEMs
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Horizon Databook provides a detailed overview of country-level data and insights on the India Truck & Bus Radial Tire Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Truck & Bus Radial Tire Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Truck Bus Radial Tire Market, 2021-2033 (US$M)
India Application - Truck & Bus Radial Tire Market Statistics, 2025 - 2033 (US$M)
