Truck-Bus Tires 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. Players involved in manufacturing of tires are continually engaged on new innovations in truck and bus tire technology.
Market Analysis and Insights: Global Truck-Bus Tires Market
Due to the COVID-19 pandemic, the global Truck-Bus Tires market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Truck-Bus Tires global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
In the Japanese market, the major manufacturers are Bridgestone, Sumitomo Rubber, Yokohama and Toyo Tire.
Global Truck-Bus Tires Scope and Market Size
The global Truck-Bus Tires market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Truck-Bus Tires market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
OEM Tire
Replacement Tire
Segment by Application
Truck
Bus
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Bridgestone
Sumitomo Rubber
Yokohama
Toyo Tire