The global heavy duty vehicle tires market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for heavy duty vehicles in emerging economies such as China and India. The increasing demand for heavy duty vehicles is due to the growing population and rising disposable income levels in these countries. In addition, the rise in urbanization has led to an increase in traffic congestion which has increased the need for more efficient transportation systems such as public transport and freight transport systems which are dependent on heavy duty vehicles. The global heavy duty vehicle tires market by type is segmented into rim diameter less than or equal 29 inch, 29 inch below rim diameter less than or equal 39 inch, 39 inch below rim diameter less than or equal 49 inch, and rim diameter above 49 inches. Heavy Duty Truck Tires accounted for over 50% share of this market followed by OTR Tires with a share of around 30%. Agricultural Tires accounted for a small share of this market with around 10%. North America dominated this market with over 40% share followed by Europe with around 30%. Asia Pacific was expected to grow at a CAGR of 4% during the forecast period owing to its large population base coupled with high economic growth rates which will lead to an increase in demand for goods including agricultural products that require transportation through trucks that use these tires.
Some Of The Growth Factors Of This Market:
- Increasing demand for commercial vehicles will drive the heavy-duty vehicle tires market in North America, Europe, Asia Pacific and Rest of World (RoW) regions during the forecast period from 2017 to 2025.
- In addition, increasing number of accidents on highways due to poor road conditions will also drive the heavy-duty vehicle tire market in RoW region during forecast period from 2017 to 2025 .
Industry Growth Insights published a new data on “Heavy-duty Vehicle Tires Market”. The research report is titled “Heavy-duty Vehicle Tires Market research by Types (Rim Diameter Less than or equal to29 Inch, 29 InchBelowRim DiameterLess than or equal to39 Inch, 39 InchBelowRim DiameterLess than or equal to49 Inch, Rim Diameter Above49 Inch), By Applications (Heavy Duty Truck Tires, OTR Tires, Agricultural Tires), By Players/Companies Bridgestone, Michelin, Goodyear, Continental, Zhongce Rubber, Apollo, Chem China, Double Coin Holdings, Guizhou Tire, Titan, Prinx Chengshan, Trelleborg, Pirelli, Yokohama Tire, BKT, Linglong Tire, Xugong Tyres, Triangle, Hawk International Rubber, Nokian, Shandong Taishan Tyre, Carlisle, Shandong Yinbao, Sumitomo, Doublestar, Fujian Haian Rubber, JK Tyre, Specialty Tires, Techking Tires”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-duty Vehicle Tires Market Research Report
By Type
Rim Diameter Less than or equal to29 Inch, 29 InchBelowRim DiameterLess than or equal to39 Inch, 39 InchBelowRim DiameterLess than or equal to49 Inch, Rim Diameter Above49 Inch
By Application
Heavy Duty Truck Tires, OTR Tires, Agricultural Tires
By Companies
Bridgestone, Michelin, Goodyear, Continental, Zhongce Rubber, Apollo, Chem China, Double Coin Holdings, Guizhou Tire, Titan, Prinx Chengshan, Trelleborg, Pirelli, Yokohama Tire, BKT, Linglong Tire, Xugong Tyres, Triangle, Hawk International Rubber, Nokian, Shandong Taishan Tyre, Carlisle, Shandong Yinbao, Sumitomo, Doublestar, Fujian Haian Rubber, JK Tyre, Specialty Tires, Techking Tires
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-duty Vehicle Tires Market Report Segments:
The global Heavy-duty Vehicle Tires market is segmented on the basis of:
Types
Rim Diameter Less than or equal to29 Inch, 29 InchBelowRim DiameterLess than or equal to39 Inch, 39 InchBelowRim DiameterLess than or equal to49 Inch, Rim Diameter Above49 Inch
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
Heavy Duty Truck Tires, OTR Tires, Agricultural Tires
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
- Michelin
- Goodyear
- Continental
- Zhongce Rubber
- Apollo
- Chem China
- Double Coin Holdings
- Guizhou Tire
- Titan
- Prinx Chengshan
- Trelleborg
- Pirelli
- Yokohama Tire
- BKT
- Linglong Tire
- Xugong Tyres
- Triangle
- Hawk International Rubber
- Nokian
- Shandong Taishan Tyre
- Carlisle
- Shandong Yinbao
- Sumitomo
- Doublestar
- Fujian Haian Rubber
- JK Tyre
- Specialty Tires
- Techking Tires
Highlights of The Heavy-duty Vehicle Tires 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:
- Rim Diameter Less than or equal to29 Inch
- 29 InchBelowRim DiameterLess than or equal to39 Inch
- 39 InchBelowRim DiameterLess than or equal to49 Inch
- Rim Diameter Above49 Inch
- By Application:
- Heavy Duty Truck Tires
- OTR Tires
- Agricultural Tires
- 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 Heavy-duty Vehicle Tires 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.
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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?
Heavy-duty vehicle tires are designed to provide better traction and handling in difficult conditions. They typically have a higher profile than regular car or truck tires, which makes them more resistant to punctures and less likely to blow out.
Some of the major players in the heavy-duty vehicle tires market are Bridgestone, Michelin, Goodyear, Continental, Zhongce Rubber, Apollo, Chem China, Double Coin Holdings, Guizhou Tire, Titan, Prinx Chengshan, Trelleborg, Pirelli, Yokohama Tire, BKT, Linglong Tire, Xugong Tyres, Triangle, Hawk International Rubber, Nokian, Shandong Taishan Tyre, Carlisle, Shandong Yinbao, Sumitomo, Doublestar, Fujian Haian Rubber, JK Tyre, Specialty Tires, Techking Tires.
The heavy-duty vehicle tires market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy-duty Vehicle Tires Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heavy-duty Vehicle Tires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heavy-duty Vehicle Tires Market - Supply Chain
4.5. Global Heavy-duty Vehicle Tires Market Forecast
4.5.1. Heavy-duty Vehicle Tires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy-duty Vehicle Tires Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy-duty Vehicle Tires Market Absolute $ Opportunity
5. Global Heavy-duty Vehicle Tires Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heavy-duty Vehicle Tires Market Size and Volume Forecast by Type
5.3.1. Rim Diameter Less than or equal to29 Inch
5.3.2. 29 InchBelowRim DiameterLess than or equal to39 Inch
5.3.3. 39 InchBelowRim DiameterLess than or equal to49 Inch
5.3.4. Rim Diameter Above49 Inch
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy-duty Vehicle Tires Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heavy-duty Vehicle Tires Market Size and Volume Forecast by Application
6.3.1. Heavy Duty Truck Tires
6.3.2. OTR Tires
6.3.3. Agricultural Tires
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy-duty Vehicle Tires Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heavy-duty Vehicle Tires Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heavy-duty Vehicle Tires Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heavy-duty Vehicle Tires Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heavy-duty Vehicle Tires Demand Share Forecast, 2019-2026
9. North America Heavy-duty Vehicle Tires Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heavy-duty Vehicle Tires Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heavy-duty Vehicle Tires Market Size and Volume Forecast by Application
9.4.1. Heavy Duty Truck Tires
9.4.2. OTR Tires
9.4.3. Agricultural Tires
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy-duty Vehicle Tires Market Size and Volume Forecast by Type
9.7.1. Rim Diameter Less than or equal to29 Inch
9.7.2. 29 InchBelowRim DiameterLess than or equal to39 Inch
9.7.3. 39 InchBelowRim DiameterLess than or equal to49 Inch
9.7.4. Rim Diameter Above49 Inch
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heavy-duty Vehicle Tires Demand Share Forecast, 2019-2026
10. Latin America Heavy-duty Vehicle Tires Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heavy-duty Vehicle Tires Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heavy-duty Vehicle Tires Market Size and Volume Forecast by Application
10.4.1. Heavy Duty Truck Tires
10.4.2. OTR Tires
10.4.3. Agricultural Tires
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy-duty Vehicle Tires Market Size and Volume Forecast by Type
10.7.1. Rim Diameter Less than or equal to29 Inch
10.7.2. 29 InchBelowRim DiameterLess than or equal to39 Inch
10.7.3. 39 InchBelowRim DiameterLess than or equal to49 Inch
10.7.4. Rim Diameter Above49 Inch
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heavy-duty Vehicle Tires Demand Share Forecast, 2019-2026
11. Europe Heavy-duty Vehicle Tires Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heavy-duty Vehicle Tires Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heavy-duty Vehicle Tires Market Size and Volume Forecast by Application
11.4.1. Heavy Duty Truck Tires
11.4.2. OTR Tires
11.4.3. Agricultural Tires
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy-duty Vehicle Tires Market Size and Volume Forecast by Type
11.7.1. Rim Diameter Less than or equal to29 Inch
11.7.2. 29 InchBelowRim DiameterLess than or equal to9 Inch
11.7.3. 39 InchBelowRim DiameterLess than or equal to49 Inch
11.7.4. Rim Diameter Above49 Inch
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heavy-duty Vehicle Tires Demand Share, 2019-2026
12. Asia Pacific Heavy-duty Vehicle Tires Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heavy-duty Vehicle Tires Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heavy-duty Vehicle Tires Market Size and Volume Forecast by Application
12.4.1. Heavy Duty Truck Tires
12.4.2. OTR Tires
12.4.3. Agricultural Tires
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy-duty Vehicle Tires Market Size and Volume Forecast by Type
12.7.1. Rim Diameter Less than or equal to29 Inch
12.7.2. 29 InchBelowRim DiameterLess than or equal to39 Inch
12.7.3. 39 InchBelowRim DiameterLess than or equal to49 Inch
12.7.4. Rim Diameter Above49 Inch
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heavy-duty Vehicle Tires Demand Share, 2019-2026
13. Middle East & Africa Heavy-duty Vehicle Tires Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heavy-duty Vehicle Tires Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heavy-duty Vehicle Tires Market Size and Volume Forecast by Application
13.4.1. Heavy Duty Truck Tires
13.4.2. OTR Tires
13.4.3. Agricultural Tires
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy-duty Vehicle Tires Market Size and Volume Forecast by Type
13.7.1. Rim Diameter Less than or equal to29 Inch
13.7.2. 29 InchBelowRim DiameterLess than or equal to39 Inch
13.7.3. 39 InchBelowRim DiameterLess than or equal to49 Inch
13.7.4. Rim Diameter Above49 Inch
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heavy-duty Vehicle Tires Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy-duty Vehicle Tires Market: Market Share Analysis
14.2. Heavy-duty Vehicle Tires Distributors and Customers
14.3. Heavy-duty Vehicle Tires Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bridgestone
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Michelin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Goodyear
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Continental
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhongce Rubber
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Apollo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chem China
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Double Coin Holdings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Guizhou Tire
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Titan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Prinx Chengshan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Trelleborg
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pirelli
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yokohama Tire
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. BKT
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Linglong Tire
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xugong Tyres
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Triangle
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hawk International Rubber
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Nokian
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook