Truck and Bus Radial Tire Market to Reach USD 39.8 Billion by 2035 — North America, Europe, and Asia-Pacific Drive Growth Through Fleet Modernization

The global truck and bus radial tire market is on a steady upward trajectory, supported by the expansion of commercial transport, logistics efficiency improvements, and the ongoing transition toward durable, fuel-efficient tire technologies. According to a recent report by Fact.MR, the market is valued at USD 32.5 billion in 2025 and is projected to reach USD 39.8 billion by 2035, reflecting an absolute increase of USD 7.3 billion over the forecast period. This equates to a total growth of 22.5%, with the market forecast to expand at a CAGR of 2.0% between 2025 and 2035.

Quick Stats for the Truck and Bus Radial Tire Market

• Market Value (2025): USD 32.5 billion
• Forecast Value (2035): USD 39.8 billion
• CAGR (2025–2035): 2.0%
• Leading Applications: Long-haul trucks, urban buses, logistics fleets, public transportation
• Top Growth Regions: North America, Europe, Asia-Pacific
• Notable Companies: Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Yokohama, Kumho, MRF, Apollo Tyres

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Why the Market is Growing

The TBR tire market is expanding steadily as commercial transportation networks strengthen and fleet operators prioritize performance, efficiency, and sustainability. Growth is driven by:

• Fleet Expansion & Modernization: Increasing global demand for freight movement and passenger transport is spurring replacement and upgrade cycles.
• Durability & Fuel Efficiency: Radial tires offer longer lifespans, better traction, and improved fuel economy compared to bias tires.
• Sustainability & Low Rolling Resistance: OEMs and aftermarket players are investing in eco-friendly materials and energy-efficient designs to meet emissions targets.
• Infrastructure Investments: Government-backed highway development and urban transport initiatives are propelling demand for heavy-duty and regional-use tires.

Segmental Analysis

Truck Applications Lead Market Share

Truck radial tires dominate market demand due to heavy freight transportation and long-distance logistics growth. The shift from bias to radial designs improves fuel efficiency, load-bearing capacity, and road safety.

Bus Segment Gains Momentum

The bus segment is witnessing increasing adoption of radial tires as public transport systems expand globally. Enhanced ride comfort and better road handling contribute to steady demand from city and intercity bus fleets.

Regional Outlook

• North America: High demand from logistics and intercity transport sectors; strong replacement market for long-haul and regional trucking.
• Europe: Sustainability-driven innovations and regulatory standards push adoption of low-emission, retreadable radial tires.
• Asia-Pacific: Rapid urbanization and e-commerce growth in China and India are fueling commercial fleet expansion.
• Latin America & MEA: Infrastructure development and commercial fleet upgrades are generating new market opportunities.

Market Dynamics

Key Growth Drivers

• Increasing focus on fuel-efficient, long-life tires.
• Expanding logistics and freight transportation networks.
• Government regulations supporting tire labeling and emissions control.
• Rising demand for premium and retreadable tires in emerging economies.

Restraints

• High initial investment costs for radial tires compared to bias alternatives.
• Volatility in raw material prices (rubber, carbon black, steel).
• Maintenance challenges in regions with poor road infrastructure.

Competitive Landscape

Leading manufacturers are strengthening their global footprints through R&D investment, regional production expansion, and digital tire monitoring technologies.

• Global Leaders: Bridgestone, Michelin, Goodyear, Continental, and Pirelli dominate through advanced tire designs and integrated service solutions.
• Regional Players: Hankook, Yokohama, and Kumho are expanding across Asia-Pacific and Europe with durable and eco-efficient radial products.
• Emerging Innovators: MRF and Apollo Tyres are leveraging low-cost production and strategic exports to capture emerging market demand.

Recent Developments

• March 2025: Michelin introduced its next-generation Energy Saver TBR series, enhancing durability and cutting fuel consumption by up to 5%.
• June 2025: Bridgestone announced a $400 million investment in digital tire monitoring systems for commercial fleets in North America.

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Future Outlook

The truck and bus radial tire market will remain central to the global transport ecosystem as governments and fleets emphasize road safety, efficiency, and sustainability. Players investing in AI-based tire monitoring, eco-friendly materials, and retreading solutions are expected to gain a strong competitive edge.

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About Fact.MR

Fact.MR is a global market research and consulting firm, trusted by Fortune 500 companies and emerging businesses for reliable insights and strategic intelligence. With a presence across the U.S., UK, India, and Dubai, we deliver data-driven research and tailored consulting solutions across 30+ industries and 1,000+ markets. Backed by deep expertise and advanced analytics, Fact.MR helps organizations uncover opportunities, reduce risks, and make informed decisions for sustainable growth.