Truck and bus radial (TBR) tire market is anticipated to grow at a CAGR of 6.0% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for commercial vehicles, expanding transportation and logistics industry, and technological advancements in tire manufacturing. Furthermore, factors such as the need for fuel efficiency, improved vehicle performance, and increased safety standards are expected to drive the demand for TBR tires. For instance, in August 2022, Apollo Tyres launched five new truck-bus radial tires in India, catering to various positions and applications. One of the tires, Apollo EnduTrax MA, is designed for tipper trucks, offering superior cut resistance and durability for challenging terrains. The Apollo EnduRace RA is a regional tire known for its mileage, durability, and traction on wet and dry roads. Additionally, three tires, Apollo EnduMile LHD, LDR, and LDT, are designed for long-haul operations, providing improved fuel efficiency, longevity, and highway traction. This launch aims to enhance Apollo Tyres’ market presence in India’s truck and bus radial tire segment.
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The global TBR tire market is segmented based on its application, sales channel, and type. Based on the application, the market is segmented into trucks and buses. TBR tires are specifically designed to meet the requirements of heavy-duty commercial vehicles, offering durability, load-carrying capacity, and superior traction. The truck segment dominates the market due to the high demand for TBR tires in the transportation and logistics industry.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Truck and BRadial (TBR) Tire Market by Application
- Truck
- Bus
Global Truck and BRadial (TBR) Tire Market by Type
- Steer Tires
- Drive Tires
- Trailer Tires
- Others (All-Position Tire)
Global Truck and BRadial (TBR) Tire Market by Sales Channel
- Original Equipment Market (OEM)
- Aftermarket
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Apollo Tyres Ltd.
- Cheng Shin Rubber Ind. Co., Ltd.
- Cooper® Tire & Rubber Co.
- Double Coin
- Giti Tire Pte Ltd.
- Hankook Tire Co., Ltd.
- Kumho Tyre (Australia) Pty Ltd.
- MRF Ltd.
- Nokian Tyres
- Sailun Group Co., Ltd.
- Sumitomo Rubber Industries, Ltd.
- The Yokohama Rubber Co., Ltd.
- TOYO TIRE U.S.A. CORP.
- Triangle Services, Inc.
- Zhongce Rubber Group Co., Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global truck and bus radial (TBR) tire market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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