North America Truck and Bus Radial Tyres Market was valued at USD 3.21 Billion in 2022 and is projected to reach USD 4.39 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
The North America Truck and Bus Radial Tyres Market is experiencing substantial growth, driven by the increasing demand for transportation and logistics solutions. Radial tyres are particularly favored for their durability, fuel efficiency, and enhanced performance, making them essential for truck and bus fleets across the region. The growing trend of e-commerce and the rise in freight volumes are expected to fuel the demand for heavy-duty commercial vehicles, directly impacting tyre requirements. Moreover, regional investments in infrastructure, such as highways and logistics hubs, are creating a favorable environment for the market's expansion.
Truck and bus radial tyres are critical in the transportation industry, as they offer superior traction, reduced rolling resistance, and improved fuel efficiency compared to bias ply tyres. The radial construction, with steel belts running perpendicular to the direction of travel, enhances the tyre’s strength and allows for better heat distribution. This ensures longer life and more consistent performance, even under heavy loads. These tyres are particularly in demand from industries like logistics, public transportation, and freight shipping, where efficiency and operational cost reduction are essential.
Additionally, the need for tyre replacement and the growing focus on safety standards have driven the market. As businesses seek to maintain fleet efficiency and minimize downtime, they turn to high-quality tyres that deliver performance while offering value over their lifespan. Regulations surrounding emissions and safety are also influencing the demand for specific tyre types that meet industry standards. These regulations, combined with a shift toward more sustainable and cost-effective solutions, have made radial tyres the preferred choice for transportation fleets across North America.
The increasing adoption of electric trucks and buses also plays a role in the shift toward radial tyres. With advancements in electric vehicle technology, fleet operators are exploring new ways to optimize vehicle performance, including selecting tyres that reduce energy consumption and maximize range. Thus, the North America Truck and Bus Radial Tyres Market is positioned for sustained growth, driven by these changing industrial dynamics.
North America Truck and Bus Radial Tyres Market
Get an In-Depth Research Analysis of the North America Truck and Bus Radial Tyres Market Size And Forecast [2025-2032]
Bridgestone
Michelin
Goodyear
Continental
ZC Rubber
Sumitomo Rubber
Xingyuan group
Linglong Tire
Hankook
Double Coin
Prometeon Tyre Group
Aeolus Tyre
Giti Tire
Cheng Shin Rubber
Yokohama
Triangle Tire Group
Sailun Group
KUMHO TIRE
Toyo Tires
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the North America Truck and Bus Radial Tyres Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America Truck and Bus Radial Tyres Market
Truck
Bus
Based on Types the Market is categorized into Below types that held the largest Truck and Bus Radial Tyres market share In 2023.
Replacement Tyre
OEM Tyre
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Truck and Bus Radial Tyres Market Research Analysis
1. Introduction of the North America Truck and Bus Radial Tyres Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Truck and Bus Radial Tyres Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Truck and Bus Radial Tyres Market, By Type
6. North America Truck and Bus Radial Tyres Market, By Application
7. North America Truck and Bus Radial Tyres Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Truck and Bus Radial Tyres Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/