Commercial Tire Market Report 2025 (Global Edition)

Global Commercial Tire Market Report 2024 Market Size Split by Type (15-17 Tire, 18-20 Tire, >20 Tire), by Application (Truck, Loader, Bulldozer, Others), by Distribution Channel (OEM, Aftermarket), b...

Commercial Tire Market Report Description

We have various report editions of Commercial Tire Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Commercial Tire Market Insights Video

Competitive Landscape of the Commercial Tire Market

The commercial tire market is highly competitive, with several key players vying for market share. Some of the major players in the market include Michelin, Bridgestone Corporation, Goodyear Tire & Rubber Company, Continental AG, and Pirelli & C. SpA. These companies compete based on factors such as product quality, brand reputation, distribution network, and pricing strategies.

In August 2022, Apollo Tires announced the expansion of its new range of truck and bus radial tires, Apollo EnduRace RD NRG, which is a fuel-efficient drive tire for the Indian market. The tires have been rigorously tested in all terrain before making entry into the market. The company claims that the tire offers 5-8% fuel efficiency owing to its four-block design and special-grade raw material making its rolling resistance low.

(Source: https://www.tiretechnologyinternational.com/news/new-tires-news/apollo-tyres-announces-expansion-of-truck-and-bus-radial-tire-range.html)

In March 2022, the Michelin X One Line Energy D2 tire, which has the lowest rolling resistance among its heavy-duty truck drive tires, was unveiled by Michelin. The tire's Regenion tread technology achieves the ideal ratio of grooves and features for wet grip while offering the lowest rolling resistance for fuel efficiency.

(Source: https://business.michelinman.com/tires/michelin-x-one-line-energy-d2)

Top Companies Market Share in Commercial Tire Industry: (In no particular order of Rank)

• Bridgestone Corporation
• Continental AG
• Balkrishna Industries Limited
• Trelleborg AB
• Michelin Group
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Commercial Tire Market

Which Region Dominates the Commercial Tire Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America's dominance in the Commercial Tire Market can be attributed to several key factors. The region has a large and well-established transportation sector, including trucking and logistics, which drives significant demand for commercial tires. Moreover, North America has a robust manufacturing base for commercial vehicles, further fueling the need for tires. Additionally, the region's strong focus on infrastructure development, particularly in the construction and mining sectors, has led to increased demand for heavy-duty tires. Furthermore, the presence of major tire manufacturers and technological advancements in tire design and materials in North America contribute to its dominance in the Commercial Tire Market.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Commercial Tire market due to several compelling reasons. Firstly, The region is experiencing significant economic growth, leading to increased commercial activities and demand for transportation services. The rise of e-commerce and expansion of logistics networks are driving up the demand for commercial vehicles, thereby boosting the need for commercial tires. Moreover, infrastructural developments in countries like China and India are increasing the demand for heavy-duty tires used in construction and mining activities. Additionally, the increasing focus on road safety and regulations mandating the use of high-quality tires are further driving the growth of the Commercial Tire Market in Asia Pacific..

 

The current report Scope analyzes Commercial Tire Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Commercial Tire Market

According to Cognitive Market Research, the global Commercial Tire market size was estimated at USD 34512.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 13804.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. In North America, the commercial tire market is characterized by a robust demand driven by the region's strong economic activities and extensive transportation infrastructure. The region's large fleet of commercial vehicles, including trucks, buses, and trailers, necessitates a constant need for tire replacements and upgrades, stimulating market growth. Segmentation analysis reveals a diverse market landscape, with various tire types and sizes catering to different commercial vehicle categories. The market is segmented based on tire type, application, distribution channel, and vehicle type. In conclusion, the North America commercial tire market is poised for steady growth, fueled by the region's strong economic fundamentals and the continuous expansion of its commercial vehicle fleet.

• According to Cognitive Market Research, the US had a major share in the Commercial Tire market with a market size of USD 10892.05 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the nation's strong economic activities and extensive transportation infrastructure propels consistent growth.
• The Canada Commercial Tire market had a market share of USD 1656.59 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's robust product innovation and strategic partnerships has led to increased usage of Commercial Tire.
• The Mexico Commercial Tire market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 1256.24 million in 2024.

Europe Commercial Tire Market

According to Cognitive Market Research, the global Commercial Tire market size was estimated at USD 34512.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 645.36million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5%from 2024 to 2031.In Europe, the commercial tire market is influenced by several factors, including economic conditions, regulatory environment, and technological advancements. The region's strong transportation infrastructure and high demand for commercial vehicles, particularly in logistics and construction sectors, drive the market. Segmentation analysis reveals a diverse market with various tire types and sizes catering to different vehicle categories. Truck tires dominate the market, followed by tires for buses and construction vehicles. In conclusion, the European commercial tire market presents opportunities for growth and innovation. Manufacturers should focus on developing tires that meet regulatory requirements while offering enhanced performance and durability.

• The United Kingdom Commercial Tire market had a market share of USD 1739.41 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Commercial Tire sales witness an upswing due to the nation's Strategic partnerships and investments in research and development.
• The France Commercial Tire market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 952.54 million in 2024.
• According to Cognitive Market Research, the Germany Commercial Tire market size was valued at USD 2050.02 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Commercial Tire sales surge due to the nation's stringent regulations regarding tire safety and environmental impact.
• The Italy Commercial Tire market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 890.41 million in 2024.
• The Russia Commercial Tire market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 1604.82 million in 2024.
• The Spain Commercial Tire market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 849.00 million in 2024.
• The Luxembourg Commercial Tire market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 320.96 million in 2024.
• The Portugal Commercial Tire market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 217.43 million in 2024.
• The Greece Commercial Tire market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 124.24 million in 2024.
• Rest of Europe Commercial Tire market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 1604.82 million in 2024.

Asia Pacific Commercial Tire Market

According to Cognitive Market Research, the global Commercial Tire market size was estimated at USD 34512.2Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 7937.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. In the Asia Pacific region, the commercial tire market is poised for substantial growth due to rapid industrialization, urbanization, and infrastructure development. The region's growing e-commerce industry also fuels the demand for commercial vehicles, further boosting the market. Segmentation analysis reveals a diverse market with different tire types and sizes catering to various vehicle categories. Truck tires are the dominant segment, followed by tires for buses and construction vehicles. In conclusion, the Asia Pacific commercial tire market presents lucrative opportunities for manufacturers and suppliers. To capitalize on these opportunities, companies should focus on developing innovative tire solutions that cater to the region's diverse vehicle requirements.

• According to Cognitive Market Research, the China Commercial Tire market size was valued at USD 3572.01 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Commercial Tire sales surge in China due to the nation's strategic partnerships and investments in distribution channels.
• The Japan Commercial Tire market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 1095.42 million in 2024.
• The India Commercial Tire market had a market share of USD 952.54 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by India's rapid urbanization, increasing disposable income.
• The South Korea Commercial Tire market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 793.78 million in 2024.
• The Australia Commercial Tire market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 412.77 million in 2024.
• The South East Asia Commercial Tire market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 547.71 million in 2024.
• The Rest of Asia Pacific Commercial Tire market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 563.58 million in 2024.

South America Commercial Tire Market

According to Cognitive Market Research, the global Commercial Tire market size was estimated at USD 34512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1725.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.In Latin America, the commercial tire market is characterized by steady growth driven by the region's economic development and increasing commercial activities. The region's expanding infrastructure projects also contribute to the demand for commercial tires, particularly for heavy-duty vehicles used in construction and logistics. Segmentation analysis reveals a diverse market with different tire types and sizes catering to various commercial vehicle categories. Truck tires dominate the market, followed by tires for buses and industrial vehicles. In conclusion, the Latin America commercial tire market presents promising opportunities for manufacturers and suppliers. To capitalize on these opportunities, companies should focus on offering durable and cost-effective tire solutions that meet the region's diverse commercial vehicle requirements.

• According to Cognitive Market Research, the Brazil Commercial Tire market size was valued at USD 738.56 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Commercial Tire sales flourish in Brazil due to the nation's rapid industrialization, urbanization, and infrastructure development.
• The Argentina Commercial Tire market had a market share of USD 289.90 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by Argentina's strategic partnerships and investments in distribution channels.
• The Colombia Commercial Tire market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 153.58 million in 2024.
• The Peru Commercial Tire market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 141.50 million in 2024.
• The Chile Commercial Tire market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 124.24 million in 2024.
• The Rest of Latin America Commercial Tire market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 277.82 million in 2024.

Middle East and Africa Commercial Tire Market

According to Cognitive Market Research, the global Commercial Tire market size was estimated at USD 34512.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 690.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.In the Middle East and Africa (MEA) region, the commercial tire market is experiencing significant growth, driven by the rapid expansion of commercial activities and infrastructure development. Segmentation analysis reveals a diverse market with various tire types catering to different commercial vehicle categories. Truck tires dominate the market, followed by tires for buses and industrial vehicles. In conclusion, the MEA commercial tire market presents lucrative opportunities for manufacturers and suppliers. To capitalize on these opportunities, companies should focus on developing innovative tire technologies that offer superior performance and durability.

• The GCC Countries Commercial Tire market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 295.42 million in 2024. Commercial Tire sales flourish due to the region's rapid expansion of commercial activities and infrastructure development.
• The Egypt Commercial Tire market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 72.48 million in 2024.
• The South Africa Commercial Tire market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 109.06 million in 2024. Commercial Tire sales flourish in South Africa due to the region's infrastructure development.
• The Turkey Commercial Tire market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 59.36 million in 2024.
• The Nigeria Commercial Tire market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 72.48 million in 2024.
• The Rest of MEA Commercial Tire market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 81.45 million in 2024.

Commercial Tire Market Analysis

Commercial Tire Market Type Segment Analysis

According to Cognitive Market Research, the 18-20 tire segment is currently the dominant category. These tires are commonly used in medium and heavy-duty trucks, which form a significant portion of the commercial vehicle fleet. The 18-20 tire segment offers a balance between load-carrying capacity, fuel efficiency, and durability, making them a popular choice among fleet operators. Additionally, advancements in tire technology, such as improved tread designs and rubber compounds, have further enhanced the performance and longevity of 18-20 tires, solidifying their dominance in the market.

The >20 tire segment is the fastest-growing category in the commercial tire market. This growth can be attributed to the increasing demand for larger tires driven by the expansion of the logistics and transportation sectors. Trucks and trailers with higher load capacities require larger tires (>20), which can withstand heavier loads and provide better stability and traction. Moreover, advancements in tire manufacturing processes have made it more cost-effective to produce larger tires, driving their adoption among fleet operators looking to improve their operational efficiency and reduce maintenance costs.

• 15-17 Tire
• 18-20 Tire
• >20 Tire

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Commercial Tire Industry. Request a Free Sample PDF!

Commercial Tire Market Application Segment Analysis

According to Cognitive Market Research, the truck segment stands out as the dominant category. Trucks play a vital role in various industries, including logistics, construction, and mining, among others. They require durable tires that can withstand heavy loads, long distances, and challenging terrains. The truck segment includes tires designed specifically for different types of trucks, such as long-haul trucks, regional delivery trucks, and off-road trucks. The demand for truck tires is driven by the growth in e-commerce, construction activities, and infrastructure development, which have increased the need for efficient transportation.

The loader segment is experiencing the fastest growth in the commercial tire market. Loaders are essential equipment in construction, mining, and agriculture, used for moving materials such as dirt, sand, and gravel. The growth in the loader segment is fueled by increasing construction activities, particularly in developing economies, where infrastructure development is a priority. Loaders require tires that can provide traction, stability, and durability to withstand the demanding conditions they operate in. Manufacturers are focusing on developing tires with improved tread designs and materials to enhance performance and longevity, driving the growth of the loader tire segment.

• Truck
• Loader
• Bulldozer
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Commercial Tire Distribution Channel Segment Analysis

According to Cognitive Market Research, the aftermarket segment is the dominant category. Aftermarket tires are those sold separately from the original equipment manufacturer (OEM) tires that come with new vehicles. The aftermarket segment includes replacement tires for commercial vehicles that need to be replaced due to wear and tear or damage. The dominance of the aftermarket segment can be attributed to the large number of commercial vehicles in operation that require regular tire replacement. Additionally, aftermarket tires offer a wide range of options in terms of brands, sizes, and specifications, catering to the diverse needs of commercial vehicle owners.

The OEM segment is experiencing the fastest growth in the commercial tire market. OEM tires are those that are supplied by tire manufacturers directly to vehicle manufacturers for use as original equipment on new vehicles. The growth in the OEM segment is driven by the increasing demand for new commercial vehicles, particularly in emerging economies where infrastructure development and industrialization are driving the demand for commercial vehicles. OEM tires are often preferred for their quality, compatibility, and warranty coverage, making them an attractive choice for vehicle manufacturers and buyers alike.

• OEM
• Aftermarket

Commercial Tire Vehicle Type Segment Analysis

According to Cognitive Market Research, heavy commercial vehicles (HCVs) stand out as the dominant category. HCVs include trucks, buses, and other large vehicles used for transporting goods and passengers over long distances. These vehicles typically require larger and more durable tires to support heavy loads and withstand the rigors of long-haul transportation. The dominance of HCVs in the commercial tire market can be attributed to the high demand for freight transportation services, driven by global trade, e-commerce growth, and infrastructure development projects.

The light commercial vehicles (LCVs) are experiencing the fastest growth in the commercial tire market. LCVs include vans, pickup trucks, and other smaller vehicles used for transporting goods and passengers over shorter distances. The growth in the LCV segment is driven by various factors such as the expansion of last-mile delivery services, increasing urbanization, and rising demand for logistics and transportation services in urban areas. LCVs are versatile vehicles used across a wide range of industries, including retail, construction, and service sectors, contributing to the growing demand for tires tailored to the specific requirements of these vehicles.

• Light Commercial Vehicles
• Heavy Commercial Vehicles

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion