Global Truck & Bus Tyres Market Overview

The Global Truck & Bus Tyres Market covers tyres used in medium-duty and heavy-duty trucks, buses, coaches, and long-haul commercial vehicles that support freight transportation, public transit, construction, mining, and logistics operations. These tyres are engineered to handle extreme loads, long-distance travel, rough terrain, and high operating hours while delivering durability, safety, fuel efficiency, and retreadability.

Truck and bus tyres are beasts . They are built tougher than passenger or LCV tyres with stronger construction, thicker treads, and special rubber that lasts longer. Plus, they can often be retreaded multiple times, which is a big cost-saver . The market’s split between new tyres fitted on fresh vehicles and – more importantly – replacements, since these tyres wear out fast due to heavy use. It’s a practical, no-nonsense market.

The Global Truck & Bus Tyres Market is expanding steadily, supported by global trade growth, infrastructure development, rising freight movement, urban public transportation expansion, and increasing adoption of fleet optimization strategies. Electrification of buses and medium-duty trucks is further influencing tyre design requirements, increasing demand for low rolling resistance, high load-bearing, and noise-reducing tyres.

According to the Phoenix Demand Forecast Engine, the Global Truck & Bus Tyres Market size is estimated at USD 132.8 billion in 2025 and is projected to reach USD 208.6 billion by 2033, growing at a CAGR of ~5.8% during the forecast period (2026–2033).

Asia-Pacific is the largest market due to massive freight volumes and bus fleets in China and India, while Europe is the fastest-growing region driven by electric buses, sustainability mandates, and premium fleet tyre adoption.

Key Drivers of Global Truck & Bus Tyres Market Growth

Expansion of Freight & Logistics Networks

Global trade, e-commerce, and industry are booming, and that means more goods to transport . Long-haul and regional trucking are seeing a surge in demand, driving growth in the tyre market .

Strong Replacement & Retreading Demand

Trucks are always on the move, clocking in tons of miles . That means tyres wear out fast, and need replacing – or retreading – often. This constant demand is what drives the market.

Infrastructure & Construction Development

Big infrastructure projects like roads, bridges, and mines are fueling demand for super tough truck tyres . Construction and mining sectors need these heavy-duty tyres to handle rough terrain and heavy loads, driving growth in the market.

Public Transportation Expansion

Cities are growing fast, and governments are investing in public transport . That means more buses on the road, and more tyres needed to keep them rolling.

Electrification & Fleet Efficiency Initiatives

Electric buses are taking over, and governments are pushing for fuel efficiency . That means tyre tech is getting a boost – low rolling resistance and smart tyres are becoming the norm, driving growth in the market . It’s a win-win for the environment and budgets.

Global Truck & Bus Tyres Market Segmentation

1. By Tyre Construction

1.1 Radial Tyres (Largest Segment)

1.1.1 Steel-Belted Radial Tyres
• Single steel belt
• Double steel belt
• Multi-layer steel belt

1.1.2 All-Steel Radial Tyres
• Long-haul applications
• Heavy-load applications

1.2 Bias (Cross-Ply) Tyres

1.2.1 Nylon bias tyres
1.2.2 Polyester bias tyres

2. By Vehicle Category

2.1 Trucks (Largest Segment)

2.1.1 Medium-duty trucks
2.1.2 Heavy-duty trucks
2.1.3 Long-haul trucks

2.2 Buses & Coaches

2.2.1 City buses
2.2.2 Intercity buses
2.2.3 Luxury & coach buses

2.3 Electric & Hybrid Commercial Vehicles (Fastest-Growing)

2.3.1 Electric buses
2.3.2 Electric medium-duty trucks

3. By Application

3.1 On-Road / Highway Applications (Largest Segment)

3.1.1 Long-haul transport
3.1.2 Regional distribution

3.2 Off-Road Applications

3.2.1 Construction sites
3.2.2 Mining & quarrying

3.3 Mixed-Service Applications

3.3.1 Urban delivery
3.3.2 Municipal services

4. By Sales Channel

4.1 OEM (Original Equipment Manufacturer)

4.1.1 Truck OEM fitment
4.1.2 Bus & electric fleet OEM fitment

4.2 Aftermarket / Replacement (Largest Segment)

4.2.1 Authorized dealer networks
4.2.2 Independent commercial tyre retailers
4.2.3 Fleet service & retreading providers
4.2.4 Online & B2B procurement platforms

5. By Rim Size

5.1 Below 20 Inches

5.1.1 Medium-duty trucks
5.1.2 City buses

5.2 20–22.5 Inches (Largest Segment)

5.2.1 Heavy-duty trucks
5.2.2 Long-haul buses

5.3 Above 22.5 Inches (Fastest-Growing)

5.3.1 Heavy-load trucks
5.3.2 Mining & construction vehicles

6. By Tyre Technology

6.1 Conventional Pneumatic Tyres

6.2 Low Rolling Resistance Tyres

6.2.1 Fuel-efficient compound tyres
6.2.2 EV-optimized commercial tyres

6.3 Retreadable Tyres

6.3.1 Multi-life casing tyres
6.3.2 Pre-cured & mold-cure retreads

6.4 Smart & Connected Tyres

6.4.1 Embedded pressure & temperature sensors
6.4.2 Fleet-based tyre monitoring systems

7. By Geography

7.1 Asia-Pacific (Largest Region)

China
India
Japan
South Korea
Southeast Asia

7.2 Europe (Fastest-Growing)

Germany
France
U.K.
Italy

7.3 North America

U.S.
Canada

7.4 Latin America

Brazil
Mexico

7.5 Middle East & Africa

Regional Insights of Global Truck & Bus Tyres Market

Asia-Pacific — Largest Market

High freight movement, extensive bus fleets, infrastructure projects, and strong replacement demand in China and India.

Europe — Fastest-Growing Region

Electrification of public transport, sustainability mandates, and adoption of premium fleet tyres drive growth.

North America

Strong long-haul trucking sector, mature retreading ecosystem, and large aftermarket sales.

Latin America & Middle East & Africa

Growth supported by construction activity, mining operations, and expanding logistics networks.

Leading Companies in the Global Truck & Bus Tyres Market

Michelin
Bridgestone Corporation
Goodyear Tire & Rubber Company
Continental AG
Pirelli & C. S.p.A.
Sumitomo Rubber Industries
Hankook Tire
Yokohama Rubber Company
Toyo Tires
Apollo Tyres

Michelin and Bridgestone Corporation are the largest company in the Global Truck & Bus Tyres Market.

Why the Global Truck & Bus Tyres Market Is Critical

• Backbone of global freight and public transportation systems
• Strong recurring replacement and retreading demand
• Major contributor to fleet fuel efficiency and operating cost control
• Key enabler for electrification and sustainable commercial mobility

Strategic Intelligence & Phoenix AI-Backed Insights

Phoenix Demand Forecast Engine:
Tracks freight movement, truck & bus parc growth, replacement and retreading cycles, and infrastructure spending. Confirms replacement demand as the primary revenue driver across regions.

EV Tyre Requirement Analyzer:
Assesses rising demand for low rolling resistance, high load-bearing, and low-noise tyres driven by electric buses and medium-duty electric trucks.

Fleet TCO Optimization Model:
Highlights fleet focus on durable, retreadable, and fuel-efficient tyres to reduce total operating costs.

Raw Material Sensitivity Model:
Monitors rubber, carbon black, steel cord, and oil price volatility impacting tyre margins.

Automated Porter’s Five Forces (Concise)

Buyer Power: Moderate — fleet and OEM negotiations balanced by strong aftermarket demand
Supplier Power: Moderate — dependence on rubber and steel inputs
Threat of New Entrants: Low — capital-intensive and technology-driven market
Threat of Substitutes: Low — essential commercial consumable
Competitive Rivalry: High — global majors and regional players compete on durability and cost efficiency

Market Forecast Snapshot (2025–2033)

Final Takeaway of Global Truck & Bus Tyres Market

The Global Truck & Bus Tyres Market is a resilient, infrastructure-driven market with strong long-term fundamentals. Replacement and retreading remain core revenue pillars, while electric buses, smart tyre systems, and low rolling resistance technologies are shaping future growth. Manufacturers that focus on durability, total cost of ownership, and fleet-centric innovation will be best positioned to lead the market through 2033.