Truck and Bus Tires Market Report 2026

The truck and bus tires market size has grown steadily in recent years. It will grow from $46.38 billion in 2025 to $48.46 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to expansion of commercial transportation networks, growth in freight and logistics activities, rising adoption of radial tires, increasing road infrastructure development, demand for cost-effective fleet maintenance.

The truck and bus tires market size is expected to see steady growth in the next few years. It will grow to $57.22 billion in 2030 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to increasing adoption of low-rolling-resistance tires, rising demand from electric buses and trucks, expansion of smart tire monitoring systems, growing focus on sustainable tire materials, increasing replacement demand in aging fleets. Major trends in the forecast period include increasing demand for fuel-efficient tire designs, rising adoption of long-haul radial tires, growing focus on retreadable tire solutions, expansion of high-durability tire compounds, enhanced emphasis on load and mileage performance.

An increase in demand for commercial vehicles is expected to propel the truck and bus tires market going forward. Commercial vehicles refer to motor vehicle that transports goods or passengers for business purposes. Commercial vehicles use truck and bus tires as they offer good traction at various speeds and weather conditions with high load-carrying capacity and low rolling resistance. For instance, in January 2024, according to Daimler Truck Holding AG, a Germany-based manufacturer of commercial vehicles, Daimler Truck sold a total of 526,053 trucks and buses in 2023, showing a slight increase from 520,291 in 2022. The Trucks North America segment sold 195,014 units, while Trucks Asia recorded 161,171 units a 3% increase from previous year. Daimler Buses also performed well, with 26,168 units sold, reflecting a 9% increase. Therefore, the increase in demand for commercial vehicles is driving the truck and bus tires market.

Major companies operating in the truck and bus tires market are undergoing into strategic collaborations for developing innovative products to strengthen their market position. Strategic collaborations in the truck and bus tires market drive innovation, efficiency, and competitiveness. Leveraging strengths, companies navigate challenges, seize market opportunities, and collectively advance the industry. For instance, in July 2023, CEAT, an India-based multinational tire manufacturing company, and Marangoni S.p.A., an Italy-based green tire manufacturing company, have joined forces to boost tire retreading for trucks and buses in India. The partnership combines CEAT's quality tire casings with Marangoni's advanced retreading tech for superior performance. Emphasizing sustainability, the collaboration aims to extend tire life, reducing the environmental impact of the transport industry.

In March 2023, Zodo Tire, a China-based tyres manufacturer, acquired Kaixuan Rubber for an undisclosed amount. This acquisition allows Zodo Tire to leverage Kaixuan’s advanced rubber processing technologies, improving product quality and durability. By integrating Kaixuan’s resources and expertise, Zodo aims to accelerate its innovation efforts and respond more effectively to market demands. Kaixuan Rubber is a China-based manufacturer of tyres.

Major companies operating in the truck and bus tires market are Continental AG, Michelin Group, Bridgestone Corporation, Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Hankook Tire & Technology, Pirelli & Co SPA, Yokohama Tire Corporation, Zhongce Rubber Group Company Limited, Hangzhou Zhongce Rubber Co Ltd., Toyo Tire Corporation, Sailun Group, Giti Tire Corporation, Kumho Tire, Cooper Tire & Rubber Company, Linglong Tire Co Ltd., Apollo Tyres Limited, Nokian Tyres Plc., Nexen Tire Corporation, Double Coin Holdings Ltd., JK Tyre & Industries Ltd., Ceat Ltd., Prometeon Tyre Group, Aeolus Tyres, MAXXIS International, Falken Tire Corporation, Hercules Tire & Rubber Company, Triangle Group, Shandong Hengfeng Rubber & Plastic Co Ltd., Xingyuan Tire Group Co Ltd., Cordiant Company, Federal Corporation, Kenda Rubber Industrial Co Ltd.

Asia-Pacific was the largest region in the truck and bus tires market in 2025. The regions covered in the truck and bus tires market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the truck and bus tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The truck and bus tires market consists of sales of all-terrain tires, heavy-duty tires, off-road tires, mud tires, and winter tires. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.