Global Heavy-duty Vehicle Tires Market 2024-2028

The heavy-duty vehicle tires market is forecasted to grow by USD 10.38 bn during 2023-2028, accelerating at a CAGR of 5.15% during the forecast period. The report on the heavy-duty vehicle tires market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for heavy-duty trucks for freight transportation, increasing penetration of TPMs, and adoption of predictive maintenance of tires.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.65%
CAGR	5.15%
Incremental Value	$10.38bn

Technavio's heavy-duty vehicle tires market is segmented as below:

By Application

Trucks
Buses

By End-user

Aftermarket
OEM

By Geography

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the emergence of smarter tires as one of the prime reasons driving the heavy-duty vehicle tires market growth during the next few years. Also, the development of eco-friendly tires and the adoption of nanotechnology in tire manufacturing will lead to sizable demand in the market.

The report on the heavy-duty vehicle tires market covers the following areas:

Heavy-duty vehicle tires market sizing
Heavy-duty vehicle tires market forecast
Heavy-duty vehicle tires market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heavy-duty vehicle tires market vendors that include Apollo Tyres Ltd., Balkrishna Industries Ltd., Bridgestone Corp., Continental AG, Giti Tire, Hankook Tire and Technology Co. Ltd., Hawk Tires, JK Tyre and Industries Ltd., Michelin Group, MRF Ltd., Nokian Tyres Plc, Shandong Linglong Tyre Co. Ltd., Sumitomo Rubber Industries Ltd., The Carlstar Group LLC, The Goodyear Tire and Rubber Co., Toyo Tire Corp., Trelleborg AB, Yokohama Rubber Co. Ltd., Zhongce Rubber Group Co. Ltd., and Titan International Inc.. Also, the heavy-duty vehicle tires market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR72778

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global heavy-duty vehicle tires market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global heavy-duty vehicle tires market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Trucks - Market size and forecast 2023-2028
Exhibit 34: Chart on Trucks - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Trucks - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Trucks - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Trucks - Year-over-year growth 2023-2028 (%)
6.4 Buses - Market size and forecast 2023-2028
Exhibit 38: Chart on Buses - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Buses - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Buses - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Buses - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ billion)
Exhibit 43: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Aftermarket - Market size and forecast 2023-2028
Exhibit 48: Chart on Aftermarket - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Aftermarket - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)
7.4 OEM - Market size and forecast 2023-2028
Exhibit 52: Chart on OEM - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on OEM - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on OEM - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on OEM - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Exhibit 56: Market opportunity by End-user ($ billion)
Exhibit 57: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2023-2028 (%)
Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 India - Market size and forecast 2023-2028
Exhibit 87: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on India - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ billion)
Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Apollo Tyres Ltd.
Exhibit 111: Apollo Tyres Ltd. - Overview
Exhibit 112: Apollo Tyres Ltd. - Business segments
Exhibit 113: Apollo Tyres Ltd. - Key offerings
Exhibit 114: Apollo Tyres Ltd. - Segment focus
12.4 Bridgestone Corp.
Exhibit 115: Bridgestone Corp. - Overview
Exhibit 116: Bridgestone Corp. - Business segments
Exhibit 117: Bridgestone Corp. - Key news
Exhibit 118: Bridgestone Corp. - Key offerings
Exhibit 119: Bridgestone Corp. - Segment focus
12.5 Continental AG
Exhibit 120: Continental AG - Overview
Exhibit 121: Continental AG - Business segments
Exhibit 122: Continental AG - Key offerings
Exhibit 123: Continental AG - Segment focus
12.6 Giti Tire
Exhibit 124: Giti Tire - Overview
Exhibit 125: Giti Tire - Product / Service
Exhibit 126: Giti Tire - Key offerings
12.7 Hankook Tire and Technology Co. Ltd.
Exhibit 127: Hankook Tire and Technology Co. Ltd. - Overview
Exhibit 128: Hankook Tire and Technology Co. Ltd. - Product / Service
Exhibit 129: Hankook Tire and Technology Co. Ltd. - Key offerings
12.8 Hawk Tires
Exhibit 130: Hawk Tires - Overview
Exhibit 131: Hawk Tires - Product / Service
Exhibit 132: Hawk Tires - Key offerings
12.9 JK Tyre and Industries Ltd.
Exhibit 133: JK Tyre and Industries Ltd. - Overview
Exhibit 134: JK Tyre and Industries Ltd. - Business segments
Exhibit 135: JK Tyre and Industries Ltd. - Key news
Exhibit 136: JK Tyre and Industries Ltd. - Key offerings
Exhibit 137: JK Tyre and Industries Ltd. - Segment focus
12.10 Michelin Group
Exhibit 138: Michelin Group - Overview
Exhibit 139: Michelin Group - Business segments
Exhibit 140: Michelin Group - Key news
Exhibit 141: Michelin Group - Key offerings
Exhibit 142: Michelin Group - Segment focus
12.11 Nokian Tyres Plc
Exhibit 143: Nokian Tyres Plc - Overview
Exhibit 144: Nokian Tyres Plc - Business segments
Exhibit 145: Nokian Tyres Plc - Key news
Exhibit 146: Nokian Tyres Plc - Key offerings
Exhibit 147: Nokian Tyres Plc - Segment focus
12.12 Sumitomo Rubber Industries Ltd.
Exhibit 148: Sumitomo Rubber Industries Ltd. - Overview
Exhibit 149: Sumitomo Rubber Industries Ltd. - Business segments
Exhibit 150: Sumitomo Rubber Industries Ltd. - Key offerings
Exhibit 151: Sumitomo Rubber Industries Ltd. - Segment focus
12.13 The Carlstar Group LLC
Exhibit 152: The Carlstar Group LLC - Overview
Exhibit 153: The Carlstar Group LLC - Product / Service
Exhibit 154: The Carlstar Group LLC - Key offerings
12.14 The Goodyear Tire and Rubber Co.
Exhibit 155: The Goodyear Tire and Rubber Co. - Overview
Exhibit 156: The Goodyear Tire and Rubber Co. - Business segments
Exhibit 157: The Goodyear Tire and Rubber Co. - Key news
Exhibit 158: The Goodyear Tire and Rubber Co. - Key offerings
Exhibit 159: The Goodyear Tire and Rubber Co. - Segment focus
12.15 Toyo Tire Corp.
Exhibit 160: Toyo Tire Corp. - Overview
Exhibit 161: Toyo Tire Corp. - Business segments
Exhibit 162: Toyo Tire Corp. - Key news
Exhibit 163: Toyo Tire Corp. - Key offerings
Exhibit 164: Toyo Tire Corp. - Segment focus
12.16 Trelleborg AB
Exhibit 165: Trelleborg AB - Overview
Exhibit 166: Trelleborg AB - Business segments
Exhibit 167: Trelleborg AB - Key news
Exhibit 168: Trelleborg AB - Key offerings
Exhibit 169: Trelleborg AB - Segment focus
12.17 Yokohama Rubber Co. Ltd.
Exhibit 170: Yokohama Rubber Co. Ltd. - Overview
Exhibit 171: Yokohama Rubber Co. Ltd. - Business segments
Exhibit 172: Yokohama Rubber Co. Ltd. - Key news
Exhibit 173: Yokohama Rubber Co. Ltd. - Key offerings
Exhibit 174: Yokohama Rubber Co. Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 175: Inclusions checklist
Exhibit 176: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 177: Currency conversion rates for US$
13.4 Research methodology
Exhibit 178: Research methodology
Exhibit 179: Validation techniques employed for market sizing
Exhibit 180: Information sources
13.5 List of abbreviations
Exhibit 181: List of abbreviations