트럭 및 버스용 레이디얼 타이어 시장 : 시장 규모, 점유율, 동향 분석 보고서 - 용도별, 판매 채널별, 지역별, 부문 예측(2025-2030년)

Truck & Bus Radial Tire Market Trends:

The global truck & bus radial tire market size was valued at USD 19.75 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030. The growing demand for trucks and buses across various industries is a major factor driving the truck & bus radial (TBR) tire market. The rapid expansion of e-commerce, urbanization, and globalization has significantly increased the need for efficient transportation and logistics services. With more goods being transported across cities and countries, fleet operators are investing in new commercial vehicles to meet the rising freight demand.

In addition, the public transportation sector is witnessing substantial growth due to increased urban population and government initiatives promoting mass transit systems to reduce traffic congestion and pollution. Many cities are expanding their bus fleets to improve public transport accessibility, further boosting demand for TBR tires. Since radial tires offer benefits like enhanced fuel efficiency, longer lifespan, and better load-carrying capacity, they have become the preferred choice for fleet owners and transportation companies.

The expansion of the aftermarket and retreading services also drives growth of the market. The aftermarket for TBR tires is witnessing steady growth, driven by the increasing preference for tire retreading services among fleet operators. Radial tires have a longer tread life and can be retreaded multiple times, making them a cost-effective solution for commercial vehicle owners. The expanding network of tire retreading services and the growing availability of high-quality aftermarket TBR tires are contributing to overall market expansion.

Furthermore, many countries are investing in large-scale infrastructure projects, including road construction, highway expansion, and transportation networks. Improved road connectivity increases the demand for heavy-duty commercial vehicles, directly boosting the need for durable and high-performance radial tires. In developing economies such as India, China, and Brazil, government-led initiatives to modernize transport infrastructure are accelerating the adoption of TBR tires for long-haul and intercity transportation.

However, the high initial cost of radial tires restrains the growth of the market. Radial tires are more expensive due to their advanced construction, superior materials, and enhanced durability. For small fleet operators and budget-conscious businesses, the upfront investment in radial tires can be a deterrent, leading them to opt for lower-cost alternatives. This price sensitivity is particularly evident in developing economies, where cost considerations often outweigh long-term benefits.

Global Truck & Bus Radial Tire Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global truck & bus radial tire market report based on application, sales channel, and region.

• Application Outlook (Revenue, USD Billion, 2018 - 2030)
• Trucks
• Buses
• Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)
• Aftermarket
• OEMs
• Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa

Table of Contents

Chapter 1. Methodology and Scope

• 1.1. Market Segmentation and Scope
• 1.2. Research Methodology
  • 1.2.1. Information Procurement
• 1.3. Information or Data Analysis
• 1.4. Methodology
• 1.5. Research Scope and Assumptions
• 1.6. Market Formulation & Validation
• 1.7. List of Data Sources

Chapter 2. Executive Summary

• 2.1. Market Outlook
• 2.2. Segment Outlook
• 2.3. Competitive Insights

Chapter 3. Truck & Bus Radial (TBR) Tire Market Variables, Trends, & Scope

• 3.1. Market Lineage Outlook
• 3.2. Market Dynamics
  • 3.2.1. Market Driver Analysis
  • 3.2.2. Market Restraint Analysis
  • 3.2.3. Industry Challenge
• 3.3. Truck & Bus Radial (TBR) Tire Market Analysis Tools
  • 3.3.1. Industry Analysis - Porter's
    • 3.3.1.1. Bargaining power of the suppliers
    • 3.3.1.2. Bargaining power of the buyers
    • 3.3.1.3. Threats of substitution
    • 3.3.1.4. Threats from new entrants
    • 3.3.1.5. Competitive rivalry
  • 3.3.2. PESTEL Analysis
    • 3.3.2.1. Political landscape
    • 3.3.2.2. Economic landscape
    • 3.3.2.3. Social landscape
    • 3.3.2.4. Technological landscape
    • 3.3.2.5. Environmental landscape
    • 3.3.2.6. Legal landscape

Chapter 4. Truck & Bus Radial (TBR) Tire Market: Application Estimates & Trend Analysis

• 4.1. Segment Dashboard
• 4.2. Truck & Bus Radial (TBR) Tire Market: Application Movement Analysis, 2024 & 2030 (USD Million)
• 4.3. Trucks
  • 4.3.1. Trucks Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
• 4.4. Buses
  • 4.4.1. Buses Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Truck & Bus Radial (TBR) Tire Market: Sales Channel Estimates & Trend Analysis

• 5.1. Segment Dashboard
• 5.2. Truck & Bus Radial (TBR) Tire Market: Sales Channel Movement Analysis, 2024 & 2030 (USD Million)
• 5.3. Aftermarket
  • 5.3.1. Aftermarket Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
• 5.4. OEMs
  • 5.4.1. OEMs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Truck & Bus Radial (TBR) Tire Market: Regional Estimates & Trend Analysis

• 6.1. Truck & Bus Radial (TBR) Tire Market Share, By Region, 2024 & 2030 (USD Million)
• 6.2. North America
  • 6.2.1. North America Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.2.2. U.S.
    • 6.2.2.1. U.S. Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.2.3. Canada
    • 6.2.3.1. Canada Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.2.4. Mexico
    • 6.2.4.1. Mexico Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
• 6.3. Europe
  • 6.3.1. Europe Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.3.2. U.K.
    • 6.3.2.1. U.K. Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.3.3. Germany
    • 6.3.3.1. Germany Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.3.4. France
    • 6.3.4.1. France Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
• 6.4. Asia Pacific
  • 6.4.1. Asia Pacific Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4.2. China
    • 6.4.2.1. China Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4.3. Japan
    • 6.4.3.1. Japan Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4.4. India
    • 6.4.4.1. India Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4.5. South Korea
    • 6.4.5.1. South Korea Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4.6. Australia
    • 6.4.6.1. Australia Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
• 6.5. Latin America
  • 6.5.1. Latin America Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.5.2. Brazil
    • 6.5.2.1. Brazil Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
• 6.6. Middle East and Africa
  • 6.6.1. Middle East and Africa Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.6.2. Saudi Arabia
    • 6.6.2.1. Saudi Arabia Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.6.3. UAE
    • 6.6.3.1. UAE Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.6.4. South Africa
    • 6.6.4.1. South Africa Truck & Bus Radial (TBR) Tire Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

• 7.1. Company Categorization
• 7.2. Company Market Positioning
• 7.3. Company Heat Map Analysis
• 7.4. Company Profiles/Listing
  • 7.4.1. MICHELIN
    • 7.4.1.1. Participant's Overview
    • 7.4.1.2. Financial Performance
    • 7.4.1.3. Product Benchmarking
    • 7.4.1.4. Strategic Initiatives
  • 7.4.2. Apollo Tires
    • 7.4.2.1. Participant's Overview
    • 7.4.2.2. Financial Performance
    • 7.4.2.3. Product Benchmarking
    • 7.4.2.4. Strategic Initiatives
  • 7.4.3. Yokohoma Rubber Corporation
    • 7.4.3.1. Participant's Overview
    • 7.4.3.2. Financial Performance
    • 7.4.3.3. Product Benchmarking
    • 7.4.3.4. Strategic Initiatives
  • 7.4.4. Bridgestone Corporation
    • 7.4.4.1. Participant's Overview
    • 7.4.4.2. Financial Performance
    • 7.4.4.3. Product Benchmarking
    • 7.4.4.4. Strategic Initiatives
  • 7.4.5. Sumitomo Rubber Industries, Ltd.
    • 7.4.5.1. Participant's Overview
    • 7.4.5.2. Financial Performance
    • 7.4.5.3. Product Benchmarking
    • 7.4.5.4. Strategic Initiatives
  • 7.4.6. Continental AG
    • 7.4.6.1. Participant's Overview
    • 7.4.6.2. Financial Performance
    • 7.4.6.3. Product Benchmarking
    • 7.4.6.4. Strategic Initiatives
  • 7.4.7. Balkrishna Industries Limited (BKT)
    • 7.4.7.1. Participant's Overview
    • 7.4.7.2. Financial Performance
    • 7.4.7.3. Product Benchmarking
    • 7.4.7.4. Strategic Initiatives
  • 7.4.8. Giti Tire
    • 7.4.8.1. Participant's Overview
    • 7.4.8.2. Financial Performance
    • 7.4.8.3. Product Benchmarking
    • 7.4.8.4. Strategic Initiatives
  • 7.4.9. The Goodyear Tire & Rubber Company
    • 7.4.9.1. Participant's Overview
    • 7.4.9.2. Financial Performance
    • 7.4.9.3. Product Benchmarking
    • 7.4.9.4. Strategic Initiatives
  • 7.4.10. Kumho Tir
    • 7.4.10.1. Participant's Overview
    • 7.4.10.2. Financial Performance
    • 7.4.10.3. Product Benchmarking
    • 7.4.10.4. Strategic Initiatives