Market Overview:
The global truck and bus radial (TBR) tire market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for commercial vehicles, rising disposable income, and technological advancements in the automotive sector. On the basis of type, the truck radial (TBR) tire segment is expected to account for a larger share of the global market during the forecast period. This can be attributed to their superior performance as compared to bus radial (TBR) tires. On the basis of application, OEM segment is anticipated to hold a larger share of the global truck and bus radial (TBR) tire market during 2018-2030 owing to increase in demand for commercial vehicles across different regions.
 Tire Industry Outlook.svg)
Product Definition:
A truck and bus radial (TBR) tire is a type of pneumatic tire designed for use on trucks and buses. TBR tires are built on radial ply casings, meaning that the cords that make up the fabric of the tire run perpendicular to the wheel rim rather than parallel to it. This construction provides several advantages over older bias-ply tires, including superior ride quality, longer tread life, and increased resistance to blowouts.
Truck Radial (TBR) Tire:
Truck radial tire is a type of tire which is used in heavy trucks and buses for commercial transportation. The truck radial consists of three elements: tread, carcass, and bead. The tread is the part that comes in contact with the road while driving; it has a large number of lugs or beads attached to its surface which tear into the road as tires are driven over it.
Bus Radial (TBR) Tire:
Bus radial tire is a type of tire with six equally spaced grooves cut into the tread. The bus radial was developed for use in heavy trucks and buses that carry outsize loads over rough roads. TBR tires are also known as truck tires with radials, or just radials, and are designed to deliver better performance on the road than standard truck tires.
Application Insights:
OEMs such as Michelin, Bridgestone, Goodyear and radial tires are majorly used in heavy-duty vehicles such as trucks and buses. OEM segment held a leading share of over 70.0% in 2017 owing to the high usage of TBR tires by OEMs across the globe for commercial vehicles. The growing trend of using lightweight materials for manufacturing commercial vehicles is expected to augment the demand for TBR tires over the forecast period.
The aftermarket segment is anticipated to witness significant growth over the forecast period owing to rising consumer awareness regarding tire maintenance and safety issues associated with them.
Regional Analysis:
The North American regional market dominated the global industry in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of manufacturers and OEMs operating within the region. Furthermore, increasing demand for heavy-duty trucks is expected to drive product adoption over the forecast period.
Asia Pacific is projected to witness significant growth over the coming years owing to rising investments by governments across various countries such as China, India, Japan and South Korea for improving road infrastructure coupled with growing commercial vehicle production capacity in these regions.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck and bus radial (TBR) tire market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand for commercial vehicles, especially in developing countries such as China and India.
- Rising disposable income: The growth of the TBR tire market is also driven by rising disposable incomes, which has led to an increase in the demand for luxury cars and SUVs equipped with high-end tires.
- Technological advancements: Tire manufacturers are focusing on R&D activities to develop new technologies that can improve fuel efficiency and vehicle performance. This is likely to boost the growth of the TBR tire market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck and Bus Radial (TBR) Tire Market Research Report
By Type
Truck Radial (TBR) Tire, Bus Radial (TBR) Tire
By Application
OEM, Aftermarket
By Companies
Bridgestone Corporation, MICHELIN, Continental AG, The Goodyear Tire and Rubber Company, China National Tyre and Rubber Corporation, BKT Industries Limited, KUMHO Tire, Yokohoma Rubber Corporation, Sumitomo Rubber Industries Limited, Giti Tire, Apollo Tyres
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Truck and Bus Radial (TBR) Tire Market Report Segments:
The global Truck and Bus Radial (TBR) Tire market is segmented on the basis of:
Types
Truck Radial (TBR) Tire, Bus Radial (TBR) Tire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bridgestone Corporation
- MICHELIN
- Continental AG
- The Goodyear Tire and Rubber Company
- China National Tyre and Rubber Corporation
- BKT Industries Limited
- KUMHO Tire
- Yokohoma Rubber Corporation
- Sumitomo Rubber Industries Limited
- Giti Tire
- Apollo Tyres
 Tire Market Overview.svg)
Highlights of The Truck and Bus Radial (TBR) Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Truck Radial (TBR) Tire
- Bus Radial (TBR) Tire
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Truck and Bus Radial (TBR) Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Tire Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Truck and Bus radial tire is a type of tire designed for use on trucks and buses. These tires are typically wider than other types of tires, which makes them better suited to the rougher roads common on these vehicles. They also have a higher profile, which helps them grip the road better in wet conditions.
Some of the major companies in the truck and bus radial (tbr) tire market are Bridgestone Corporation, MICHELIN, Continental AG, The Goodyear Tire and Rubber Company, China National Tyre and Rubber Corporation, BKT Industries Limited, KUMHO Tire, Yokohoma Rubber Corporation, Sumitomo Rubber Industries Limited, Giti Tire, Apollo Tyres.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Truck and Bus Radial (TBR) Tire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Truck and Bus Radial (TBR) Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck and Bus Radial (TBR) Tire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Truck and Bus Radial (TBR) Tire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Truck and Bus Radial (TBR) Tire Market Size & Forecast, 2020-2028
4.5.1 Truck and Bus Radial (TBR) Tire Market Size and Y-o-Y Growth
4.5.2 Truck and Bus Radial (TBR) Tire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Truck Radial (TBR) Tire
5.2.2 Bus Radial (TBR) Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck and Bus Radial (TBR) Tire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Truck and Bus Radial (TBR) Tire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Truck Radial (TBR) Tire
9.6.2 Bus Radial (TBR) Tire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Truck Radial (TBR) Tire
10.6.2 Bus Radial (TBR) Tire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Truck Radial (TBR) Tire
11.6.2 Bus Radial (TBR) Tire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Truck Radial (TBR) Tire
12.6.2 Bus Radial (TBR) Tire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Truck Radial (TBR) Tire
13.6.2 Bus Radial (TBR) Tire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Truck and Bus Radial (TBR) Tire Market: Competitive Dashboard
14.2 Global Truck and Bus Radial (TBR) Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgestone Corporation
14.3.2 MICHELIN
14.3.3 Continental AG
14.3.4 The Goodyear Tire and Rubber Company
14.3.5 China National Tyre and Rubber Corporation
14.3.6 BKT Industries Limited
14.3.7 KUMHO Tire
14.3.8 Yokohoma Rubber Corporation
14.3.9 Sumitomo Rubber Industries Limited
14.3.10 Giti Tire
14.3.11 Apollo Tyres
