Global Truck and Bus Radial (TBR) Tires Market Size, Share, Growth Drivers, Challenges, Trends, Key players, Demand & Growth Opportunity Analysis by Tire Axle Type and by Service Application (Long Haul, Regional, On/off highway, Local/Pick up & Delivery) with Regional Outlook for Forecast Period 2017-2030

Global Truck & Bus Radial Tries Market Overview

The expanding automotive industry across the world, even penetrating to the emerging economies is boosting the demand in tire industry. The infrastructure development, transportation necessity has increased the number of trucks & buses on roads. With the varied size & load of truck & bus there is varied demand & supply of radial tires. Globally it is anticipated that the demand of TBR (Truck & Bus Radial) tire will expand at a compounded annual growth rate of 4.4% during the forecast period 2017-2030.

TBR tire are primarily designed for the truck & bus which are more than 21 ft. in size & more than 10,000 lbs. in gross weight of the vehicle. The TBR tires are manufactured with the purpose of supporting transportation services. Since these vehicles have maximum travel time on highways, they are specifically designed with the features such as adaptive sidewalls for comfortable driving, low heating of tire at high speeds, higher impediment against tread-related harm, and provide benefit of low fuel consumption to enhance performance & durability.

TBR Tire Market Segmentation

By Tire Axle Type

• All Position
• Front
• Drive

By Service Application

• Long Haul Service
• Regional Haul Service
• Local/ Pickup & Delivery Service
• On/Off Highway Service

By Distribution Channel

• Online
• Offline

• By Target Market

  • OEM
  • Aftermarket

• By Geography

  • North America (U.S. & Canada)  TBR Tire Market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  TBR Tire Market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  TBR Tire Market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  TBR Tire Market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, Romea) TBR Tire Market {Market Share (%), Market Size (USD Billion)}

Regional Outlook

Based on geography, Asia-Pacific region accounted for largest market share of nearly 55.0% in 2017 due to the presence of large global companies with their manufacturing base in the region. China is the largest producer of TBR tire across the region & global. In 2016, China estimated total production of TBR tire at 125.03 million TBR tires. On the other hand other developing regions such as South America & Middle East & Africa are also showing positive signs for the expansion of TBR tire market, such that new manufacturing plants are being setup in these regions by the leading tire manufacturers.

Drivers & Challenges to Market Growth

Further the Global tire market report discusses the growth drivers of the market such as increased production of truck & busses, advancing R&D in TBR tire manufacturing, government authorities initiative towards strengthening the transportation sector. Whereas there are few challenges in the market that are need to be considered such as high replacement cost of truck & bus radial tire as compared to bias tire, sustainability concerns over using rubber for manufacturing tires, and other economic factors hamper the growth of the market including truck ownership, fuel costs, driving patterns and behaviors, and transport alternatives.

Covered in Truck & Bus Radial Tires Market report 

• Forecast market size (USD), market share (%) and market growth CAGR (%), 2017-2030.
• Market segmentation in the report is backed by the estimated & forecast market size (USD) & market share (%) along with the BPS analysis & market attractiveness.
• Present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
• In-depth competitive analysis of the major players and leaders in TBR tire industry.
• Future prospects of the overall industry based on manufacturers, suppliers, government outlook, and other key stakeholders.
• The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models.

• Global TBR Tire Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

• To understand the market dynamics the report discusses the challenges, risk analysis, trends & opportunities in the market for the new & existing players.

COVID-19 impact on "Truck And Bus Radial (TBR) Tires"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Truck And Bus Radial (TBR) Tires" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

• Bridgestone
• Michelin
• Continental
• ChemChina – Pirelli
• Yokohama
• Goodyear
• Toyo
• Cooper
• Kumho
• Giti
• Hankook

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Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for Global TBR Tire Market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the global TBR tire industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects