Global Commercial Vehicle Tire Market Size, Share & Trends Analysis | 5.29% CAGR By 2028

In-Depth Analysis of the Global Commercial Vehicle Tire Market: 2023-2028 Forecasts

Latest Market Study report by MarkNtel Advisors: Market Research Company, “Global Commercial Vehicle Tire Market– By Vehicle Type (Light Commercial Vehicle (Light Truck, Light Bus, Pickup Trucks and Vans), Medium & Heavy Commercial Vehicle (Truck, Bus), By Tire Type (Radial, Bias), By Price Category (Budget, Economy, Premium)” and other forecast 2023-28”.

This report offers a detailed examination of pivotal aspects including market Size, growth factor, drivers of expansion, encompassed segments, and the pivotal role played by industry leaders.

Insight into the Global Commercial Vehicle Tire Market

The Global Commercial Vehicle Tire Market is projected to grow at a CAGR of around 5.29% during the forecast period, i.e., 2023-28.

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Report Coverage & Detailed Breakdown

• Forecast Period: 2023 to 2028.
• Base Year: 2022
• CAGR: 5.29%

Segmentation Analysis: Commercial Vehicle Tire Market

By Vehicle Type

• Light Commercial Vehicle
  • Light Truck
  • Light Bus
  • Pickup Trucks and Vans
• Medium & Heavy Commercial Vehicle
  • Truck
  • Bus

By Tire Type

• Radial
• Bias

By Price Category

• Budget
• Economy
• Premium

By Sales Channel

• Multi-brand Stores
• Exclusive Outlets
• Online

By Demand Type

• OEM
• Aftermarket

By Application

• Cargo Transportation
• Public Transportation
• Oil & Gas Transportation
• Others (Construction Material Transportation, Towing, etc.)

Here, Cargo Transportation acquired a sizable market share in the historical period.

By Tire Size

• Light Commercial Vehicle
  • 225/75R16
  • 245/75R16
  • 245/75R17
  • 265/70R17
  • Others (265/75R16, 285/70 R17, etc.)
• Medium & Heavy Commercial Vehicle
  • 295/75R22.5
  • 225/70R19.5
  • 295/90R20
  • 295/80R22.5
  • Others (11R22.5, 11R24.5, 245/70R19.5, etc.)

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Regional/ Countries Insight:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Of all regions globally, Asia-Pacific is expected to emerge as the largest Commercial Vehicle Tire Market during 2023-28.

Commercial Vehicle Tire Market Players Analysis

Thorough analysis spotlighting key players in the global Commercial Vehicle Tire market, elucidating their strategies and competitive positioning.

• Bridgestone Corporation
• Compagnie Générale des Établissements Michelin SCA
• Continental AG
• The Goodyear Tire & Rubber Company
• The Yokohama Rubber Company Ltd.
• Pirelli & C. S.p.A
• Hankook Tire & Technology
• Kumho Tire
• Sumitomo Rubber Industries, Ltd.
• Zhongce Rubber Group Co. Ltd.
• CEAT Limited
• MRF Tyres
• JK Tyre & Industries
• Apollo Tyres Limited
• Others

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Key Stakeholder Benefits

• Informed Decision-Making: Empowering stakeholders with comprehensive market insights for strategic decision-making.
• Strategic Planning: Equipping stakeholders with strategic reports to navigate market entry, product development, and competitive strategies.
• Market Sizing & Forecasting: Providing accurate data for informed investment decisions and resource allocation.
• Competitive Benchmarking: Facilitating performance assessment against industry peers and capitalizing on strengths.
• Identifying Investment Opportunities: Enabling stakeholders to spot lucrative investment prospects and maintain a competitive edge.

About Us

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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