The global Commercial Vehicle Tyre market size was valued at US$ 58370 million in 2024 and is forecast to a readjusted size of USD 65420 million by 2031 with a CAGR of 1.7% during review period.
Tire is a ring or band of rubber, either solid or hollow and inflated, or of metal, placed over the rim of a wheel to provide traction, resistance to wear, or other desirable properties.
Global Commercial Vehicle Tyre key players include Bridgestone, Michelin, Goodyear, etc. Global top three manufacturers hold a share about 40%.
Europe is the largest market, with a share about 30%, followed by North America and China, both have a share about 45 percent.
In terms of product, Radial Tyre is the largest segment, with a share over 90%. And in terms of application, the largest application is Aftermarket, followed by OEM.
This report is a detailed and comprehensive analysis for global Commercial Vehicle Tyre market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Commercial Vehicle Tyre market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2020-2031
Global Commercial Vehicle Tyre market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2020-2031
Global Commercial Vehicle Tyre market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2020-2031
Global Commercial Vehicle Tyre market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Commercial Vehicle Tyre
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Commercial Vehicle Tyre market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bridgestone, Michelin, Goodyear, Continental, ZC Rubber, Sumitomo Rubber, Double Coin, Pirelli, Aeolus Tyre, Sailun Group, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Commercial Vehicle Tyre market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Radial Tyre
Bias Tyre
Market segment by Application
Aftermarket
OEM
Major players covered
Bridgestone
Michelin
Goodyear
Continental
ZC Rubber
Sumitomo Rubber
Double Coin
Pirelli
Aeolus Tyre
Sailun Group
Cooper tire
Hankook
Yokohama
Giti Tire
KUMHO TIRE
Triangle Tire Group
Cheng Shin Rubber
Linglong Tire
Toyo Tires
Xingyuan group
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Commercial Vehicle Tyre product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Commercial Vehicle Tyre, with price, sales quantity, revenue, and global market share of Commercial Vehicle Tyre from 2020 to 2025.
Chapter 3, the Commercial Vehicle Tyre competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Commercial Vehicle Tyre breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Commercial Vehicle Tyre market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Commercial Vehicle Tyre.
Chapter 14 and 15, to describe Commercial Vehicle Tyre sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Commercial Vehicle Tyre Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Radial Tyre
1.3.3 Bias Tyre
1.4 Market Analysis by Application
1.4.1 Overview: Global Commercial Vehicle Tyre Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Aftermarket
1.4.3 OEM
1.5 Global Commercial Vehicle Tyre Market Size & Forecast
1.5.1 Global Commercial Vehicle Tyre Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Commercial Vehicle Tyre Sales Quantity (2020-2031)
1.5.3 Global Commercial Vehicle Tyre Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Bridgestone
2.1.1 Bridgestone Details
2.1.2 Bridgestone Major Business
2.1.3 Bridgestone Commercial Vehicle Tyre Product and Services
2.1.4 Bridgestone Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Bridgestone Recent Developments/Updates
2.2 Michelin
2.2.1 Michelin Details
2.2.2 Michelin Major Business
2.2.3 Michelin Commercial Vehicle Tyre Product and Services
2.2.4 Michelin Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Michelin Recent Developments/Updates
2.3 Goodyear
2.3.1 Goodyear Details
2.3.2 Goodyear Major Business
2.3.3 Goodyear Commercial Vehicle Tyre Product and Services
2.3.4 Goodyear Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Goodyear Recent Developments/Updates
2.4 Continental
2.4.1 Continental Details
2.4.2 Continental Major Business
2.4.3 Continental Commercial Vehicle Tyre Product and Services
2.4.4 Continental Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Continental Recent Developments/Updates
2.5 ZC Rubber
2.5.1 ZC Rubber Details
2.5.2 ZC Rubber Major Business
2.5.3 ZC Rubber Commercial Vehicle Tyre Product and Services
2.5.4 ZC Rubber Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 ZC Rubber Recent Developments/Updates
2.6 Sumitomo Rubber
2.6.1 Sumitomo Rubber Details
2.6.2 Sumitomo Rubber Major Business
2.6.3 Sumitomo Rubber Commercial Vehicle Tyre Product and Services
2.6.4 Sumitomo Rubber Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Sumitomo Rubber Recent Developments/Updates
2.7 Double Coin
2.7.1 Double Coin Details
2.7.2 Double Coin Major Business
2.7.3 Double Coin Commercial Vehicle Tyre Product and Services
2.7.4 Double Coin Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Double Coin Recent Developments/Updates
2.8 Pirelli
2.8.1 Pirelli Details
2.8.2 Pirelli Major Business
2.8.3 Pirelli Commercial Vehicle Tyre Product and Services
2.8.4 Pirelli Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Pirelli Recent Developments/Updates
2.9 Aeolus Tyre
2.9.1 Aeolus Tyre Details
2.9.2 Aeolus Tyre Major Business
2.9.3 Aeolus Tyre Commercial Vehicle Tyre Product and Services
2.9.4 Aeolus Tyre Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Aeolus Tyre Recent Developments/Updates
2.10 Sailun Group
2.10.1 Sailun Group Details
2.10.2 Sailun Group Major Business
2.10.3 Sailun Group Commercial Vehicle Tyre Product and Services
2.10.4 Sailun Group Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Sailun Group Recent Developments/Updates
2.11 Cooper tire
2.11.1 Cooper tire Details
2.11.2 Cooper tire Major Business
2.11.3 Cooper tire Commercial Vehicle Tyre Product and Services
2.11.4 Cooper tire Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Cooper tire Recent Developments/Updates
2.12 Hankook
2.12.1 Hankook Details
2.12.2 Hankook Major Business
2.12.3 Hankook Commercial Vehicle Tyre Product and Services
2.12.4 Hankook Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Hankook Recent Developments/Updates
2.13 Yokohama
2.13.1 Yokohama Details
2.13.2 Yokohama Major Business
2.13.3 Yokohama Commercial Vehicle Tyre Product and Services
2.13.4 Yokohama Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 Yokohama Recent Developments/Updates
2.14 Giti Tire
2.14.1 Giti Tire Details
2.14.2 Giti Tire Major Business
2.14.3 Giti Tire Commercial Vehicle Tyre Product and Services
2.14.4 Giti Tire Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Giti Tire Recent Developments/Updates
2.15 KUMHO TIRE
2.15.1 KUMHO TIRE Details
2.15.2 KUMHO TIRE Major Business
2.15.3 KUMHO TIRE Commercial Vehicle Tyre Product and Services
2.15.4 KUMHO TIRE Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.15.5 KUMHO TIRE Recent Developments/Updates
2.16 Triangle Tire Group
2.16.1 Triangle Tire Group Details
2.16.2 Triangle Tire Group Major Business
2.16.3 Triangle Tire Group Commercial Vehicle Tyre Product and Services
2.16.4 Triangle Tire Group Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.16.5 Triangle Tire Group Recent Developments/Updates
2.17 Cheng Shin Rubber
2.17.1 Cheng Shin Rubber Details
2.17.2 Cheng Shin Rubber Major Business
2.17.3 Cheng Shin Rubber Commercial Vehicle Tyre Product and Services
2.17.4 Cheng Shin Rubber Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.17.5 Cheng Shin Rubber Recent Developments/Updates
2.18 Linglong Tire
2.18.1 Linglong Tire Details
2.18.2 Linglong Tire Major Business
2.18.3 Linglong Tire Commercial Vehicle Tyre Product and Services
2.18.4 Linglong Tire Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.18.5 Linglong Tire Recent Developments/Updates
2.19 Toyo Tires
2.19.1 Toyo Tires Details
2.19.2 Toyo Tires Major Business
2.19.3 Toyo Tires Commercial Vehicle Tyre Product and Services
2.19.4 Toyo Tires Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.19.5 Toyo Tires Recent Developments/Updates
2.20 Xingyuan group
2.20.1 Xingyuan group Details
2.20.2 Xingyuan group Major Business
2.20.3 Xingyuan group Commercial Vehicle Tyre Product and Services
2.20.4 Xingyuan group Commercial Vehicle Tyre Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.20.5 Xingyuan group Recent Developments/Updates
3 Competitive Environment: Commercial Vehicle Tyre by Manufacturer
3.1 Global Commercial Vehicle Tyre Sales Quantity by Manufacturer (2020-2025)
3.2 Global Commercial Vehicle Tyre Revenue by Manufacturer (2020-2025)
3.3 Global Commercial Vehicle Tyre Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Commercial Vehicle Tyre by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Commercial Vehicle Tyre Manufacturer Market Share in 2024
3.4.3 Top 6 Commercial Vehicle Tyre Manufacturer Market Share in 2024
3.5 Commercial Vehicle Tyre Market: Overall Company Footprint Analysis
3.5.1 Commercial Vehicle Tyre Market: Region Footprint
3.5.2 Commercial Vehicle Tyre Market: Company Product Type Footprint
3.5.3 Commercial Vehicle Tyre Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Commercial Vehicle Tyre Market Size by Region
4.1.1 Global Commercial Vehicle Tyre Sales Quantity by Region (2020-2031)
4.1.2 Global Commercial Vehicle Tyre Consumption Value by Region (2020-2031)
4.1.3 Global Commercial Vehicle Tyre Average Price by Region (2020-2031)
4.2 North America Commercial Vehicle Tyre Consumption Value (2020-2031)
4.3 Europe Commercial Vehicle Tyre Consumption Value (2020-2031)
4.4 Asia-Pacific Commercial Vehicle Tyre Consumption Value (2020-2031)
4.5 South America Commercial Vehicle Tyre Consumption Value (2020-2031)
4.6 Middle East & Africa Commercial Vehicle Tyre Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Commercial Vehicle Tyre Sales Quantity by Type (2020-2031)
5.2 Global Commercial Vehicle Tyre Consumption Value by Type (2020-2031)
5.3 Global Commercial Vehicle Tyre Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Commercial Vehicle Tyre Sales Quantity by Application (2020-2031)
6.2 Global Commercial Vehicle Tyre Consumption Value by Application (2020-2031)
6.3 Global Commercial Vehicle Tyre Average Price by Application (2020-2031)
7 North America
7.1 North America Commercial Vehicle Tyre Sales Quantity by Type (2020-2031)
7.2 North America Commercial Vehicle Tyre Sales Quantity by Application (2020-2031)
7.3 North America Commercial Vehicle Tyre Market Size by Country
7.3.1 North America Commercial Vehicle Tyre Sales Quantity by Country (2020-2031)
7.3.2 North America Commercial Vehicle Tyre Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Commercial Vehicle Tyre Sales Quantity by Type (2020-2031)
8.2 Europe Commercial Vehicle Tyre Sales Quantity by Application (2020-2031)
8.3 Europe Commercial Vehicle Tyre Market Size by Country
8.3.1 Europe Commercial Vehicle Tyre Sales Quantity by Country (2020-2031)
8.3.2 Europe Commercial Vehicle Tyre Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Commercial Vehicle Tyre Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Commercial Vehicle Tyre Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Commercial Vehicle Tyre Market Size by Region
9.3.1 Asia-Pacific Commercial Vehicle Tyre Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Commercial Vehicle Tyre Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Commercial Vehicle Tyre Sales Quantity by Type (2020-2031)
10.2 South America Commercial Vehicle Tyre Sales Quantity by Application (2020-2031)
10.3 South America Commercial Vehicle Tyre Market Size by Country
10.3.1 South America Commercial Vehicle Tyre Sales Quantity by Country (2020-2031)
10.3.2 South America Commercial Vehicle Tyre Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Commercial Vehicle Tyre Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Commercial Vehicle Tyre Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Commercial Vehicle Tyre Market Size by Country
11.3.1 Middle East & Africa Commercial Vehicle Tyre Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Commercial Vehicle Tyre Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Commercial Vehicle Tyre Market Drivers
12.2 Commercial Vehicle Tyre Market Restraints
12.3 Commercial Vehicle Tyre Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Commercial Vehicle Tyre and Key Manufacturers
13.2 Manufacturing Costs Percentage of Commercial Vehicle Tyre
13.3 Commercial Vehicle Tyre Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Commercial Vehicle Tyre Typical Distributors
14.3 Commercial Vehicle Tyre Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Bridgestone
Michelin
Goodyear
Continental
ZC Rubber
Sumitomo Rubber
Double Coin
Pirelli
Aeolus Tyre
Sailun Group
Cooper tire
Hankook
Yokohama
Giti Tire
KUMHO TIRE
Triangle Tire Group
Cheng Shin Rubber
Linglong Tire
Toyo Tires
Xingyuan group
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*If Applicable.