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Commercial Tire-Global Market Insights and Sales Trends 2024
Synopsis
The global Commercial Tire market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Commercial Tire in various end use industries. The expanding demands from the Truck, Loader, Bulldozer and Others, are propelling Commercial Tire market. 29 inch≤Rim Diameter≤49 inch, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Rim Diameter Above 49 inch segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Commercial Tire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Commercial Tire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Commercial Tire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Commercial Tire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Commercial Tire covered in this report include Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber, Guizhou Tire and BKT, etc.
The global Commercial Tire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Michelin
Titan Tire
Chem China
Yokohama
Goodyear
Continental
Zhongce Rubber
Guizhou Tire
BKT
Double Coin Holdings
Apollo Tyres
Triangle Tyre
JK Tyre
Techking Tires
Global Commercial Tire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Commercial Tire market, Segment by Type:
29 inch≤Rim Diameter≤49 inch
Rim Diameter Above 49 inch
Global Commercial Tire market, by Application
Truck
Loader
Bulldozer
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Commercial Tire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Commercial Tire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Commercial Tire market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Commercial Tire in various end use industries. The expanding demands from the Truck, Loader, Bulldozer and Others, are propelling Commercial Tire market. 29 inch≤Rim Diameter≤49 inch, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Rim Diameter Above 49 inch segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Commercial Tire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Commercial Tire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Commercial Tire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Commercial Tire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Commercial Tire covered in this report include Michelin, Titan Tire, Chem China, Yokohama, Goodyear, Continental, Zhongce Rubber, Guizhou Tire and BKT, etc.
The global Commercial Tire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Michelin
Titan Tire
Chem China
Yokohama
Goodyear
Continental
Zhongce Rubber
Guizhou Tire
BKT
Double Coin Holdings
Apollo Tyres
Triangle Tyre
JK Tyre
Techking Tires
Global Commercial Tire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Commercial Tire market, Segment by Type:
29 inch≤Rim Diameter≤49 inch
Rim Diameter Above 49 inch
Global Commercial Tire market, by Application
Truck
Loader
Bulldozer
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Commercial Tire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Commercial Tire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Commercial Tire Market Overview
1.1 Commercial Tire Product Overview
1.2 Commercial Tire Market Segment by Type
1.2.1 29 inch≤Rim Diameter≤49 inch
1.2.2 Rim Diameter Above 49 inch
1.3 Global Commercial Tire Market Size by Type
1.3.1 Global Commercial Tire Market Size Overview by Type (2018-2029)
1.3.2 Global Commercial Tire Historic Market Size Review by Type (2018-2023)
1.3.3 Global Commercial Tire Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Commercial Tire Sales Breakdown by Type (2018-2023)
1.4.2 Europe Commercial Tire Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Commercial Tire Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Commercial Tire Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Commercial Tire Sales Breakdown by Type (2018-2023)
2 Global Commercial Tire Market Competition by Company
2.1 Global Top Players by Commercial Tire Sales (2018-2023)
2.2 Global Top Players by Commercial Tire Revenue (2018-2023)
2.3 Global Top Players by Commercial Tire Price (2018-2023)
2.4 Global Top Manufacturers Commercial Tire Manufacturing Base Distribution, Sales Area, Product Type
2.5 Commercial Tire Market Competitive Situation and Trends
2.5.1 Commercial Tire Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Commercial Tire Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Commercial Tire as of 2022)
2.7 Date of Key Manufacturers Enter into Commercial Tire Market
2.8 Key Manufacturers Commercial Tire Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Commercial Tire Status and Outlook by Region
3.1 Global Commercial Tire Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Commercial Tire Historic Market Size by Region
3.2.1 Global Commercial Tire Sales in Volume by Region (2018-2023)
3.2.2 Global Commercial Tire Sales in Value by Region (2018-2023)
3.2.3 Global Commercial Tire Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Commercial Tire Forecasted Market Size by Region
3.3.1 Global Commercial Tire Sales in Volume by Region (2024-2029)
3.3.2 Global Commercial Tire Sales in Value by Region (2024-2029)
3.3.3 Global Commercial Tire Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Commercial Tire by Application
4.1 Commercial Tire Market Segment by Application
4.1.1 Truck
4.1.2 Loader
4.1.3 Bulldozer
4.1.4 Others
4.2 Global Commercial Tire Market Size by Application
4.2.1 Global Commercial Tire Market Size Overview by Application (2018-2029)
4.2.2 Global Commercial Tire Historic Market Size Review by Application (2018-2023)
4.2.3 Global Commercial Tire Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Commercial Tire Sales Breakdown by Application (2018-2023)
4.3.2 Europe Commercial Tire Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Commercial Tire Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Commercial Tire Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Commercial Tire Sales Breakdown by Application (2018-2023)
5 North America Commercial Tire by Country
5.1 North America Commercial Tire Historic Market Size by Country
5.1.1 North America Commercial Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Commercial Tire Sales in Volume by Country (2018-2023)
5.1.3 North America Commercial Tire Sales in Value by Country (2018-2023)
5.2 North America Commercial Tire Forecasted Market Size by Country
5.2.1 North America Commercial Tire Sales in Volume by Country (2024-2029)
5.2.2 North America Commercial Tire Sales in Value by Country (2024-2029)
6 Europe Commercial Tire by Country
6.1 Europe Commercial Tire Historic Market Size by Country
6.1.1 Europe Commercial Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Commercial Tire Sales in Volume by Country (2018-2023)
6.1.3 Europe Commercial Tire Sales in Value by Country (2018-2023)
6.2 Europe Commercial Tire Forecasted Market Size by Country
6.2.1 Europe Commercial Tire Sales in Volume by Country (2024-2029)
6.2.2 Europe Commercial Tire Sales in Value by Country (2024-2029)
7 Asia-Pacific Commercial Tire by Region
7.1 Asia-Pacific Commercial Tire Historic Market Size by Region
7.1.1 Asia-Pacific Commercial Tire Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Commercial Tire Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Commercial Tire Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Commercial Tire Forecasted Market Size by Region
7.2.1 Asia-Pacific Commercial Tire Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Commercial Tire Sales in Value by Region (2024-2029)
8 Latin America Commercial Tire by Country
8.1 Latin America Commercial Tire Historic Market Size by Country
8.1.1 Latin America Commercial Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Commercial Tire Sales in Volume by Country (2018-2023)
8.1.3 Latin America Commercial Tire Sales in Value by Country (2018-2023)
8.2 Latin America Commercial Tire Forecasted Market Size by Country
8.2.1 Latin America Commercial Tire Sales in Volume by Country (2024-2029)
8.2.2 Latin America Commercial Tire Sales in Value by Country (2024-2029)
9 Middle East and Africa Commercial Tire by Country
9.1 Middle East and Africa Commercial Tire Historic Market Size by Country
9.1.1 Middle East and Africa Commercial Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Commercial Tire Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Commercial Tire Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Commercial Tire Forecasted Market Size by Country
9.2.1 Middle East and Africa Commercial Tire Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Commercial Tire Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Michelin
10.1.1 Michelin Company Information
10.1.2 Michelin Introduction and Business Overview
10.1.3 Michelin Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Michelin Commercial Tire Products Offered
10.1.5 Michelin Recent Development
10.2 Titan Tire
10.2.1 Titan Tire Company Information
10.2.2 Titan Tire Introduction and Business Overview
10.2.3 Titan Tire Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Titan Tire Commercial Tire Products Offered
10.2.5 Titan Tire Recent Development
10.3 Chem China
10.3.1 Chem China Company Information
10.3.2 Chem China Introduction and Business Overview
10.3.3 Chem China Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Chem China Commercial Tire Products Offered
10.3.5 Chem China Recent Development
10.4 Yokohama
10.4.1 Yokohama Company Information
10.4.2 Yokohama Introduction and Business Overview
10.4.3 Yokohama Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Yokohama Commercial Tire Products Offered
10.4.5 Yokohama Recent Development
10.5 Goodyear
10.5.1 Goodyear Company Information
10.5.2 Goodyear Introduction and Business Overview
10.5.3 Goodyear Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Goodyear Commercial Tire Products Offered
10.5.5 Goodyear Recent Development
10.6 Continental
10.6.1 Continental Company Information
10.6.2 Continental Introduction and Business Overview
10.6.3 Continental Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Continental Commercial Tire Products Offered
10.6.5 Continental Recent Development
10.7 Zhongce Rubber
10.7.1 Zhongce Rubber Company Information
10.7.2 Zhongce Rubber Introduction and Business Overview
10.7.3 Zhongce Rubber Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Zhongce Rubber Commercial Tire Products Offered
10.7.5 Zhongce Rubber Recent Development
10.8 Guizhou Tire
10.8.1 Guizhou Tire Company Information
10.8.2 Guizhou Tire Introduction and Business Overview
10.8.3 Guizhou Tire Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Guizhou Tire Commercial Tire Products Offered
10.8.5 Guizhou Tire Recent Development
10.9 BKT
10.9.1 BKT Company Information
10.9.2 BKT Introduction and Business Overview
10.9.3 BKT Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.9.4 BKT Commercial Tire Products Offered
10.9.5 BKT Recent Development
10.10 Double Coin Holdings
10.10.1 Double Coin Holdings Company Information
10.10.2 Double Coin Holdings Introduction and Business Overview
10.10.3 Double Coin Holdings Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Double Coin Holdings Commercial Tire Products Offered
10.10.5 Double Coin Holdings Recent Development
10.11 Apollo Tyres
10.11.1 Apollo Tyres Company Information
10.11.2 Apollo Tyres Introduction and Business Overview
10.11.3 Apollo Tyres Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Apollo Tyres Commercial Tire Products Offered
10.11.5 Apollo Tyres Recent Development
10.12 Triangle Tyre
10.12.1 Triangle Tyre Company Information
10.12.2 Triangle Tyre Introduction and Business Overview
10.12.3 Triangle Tyre Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Triangle Tyre Commercial Tire Products Offered
10.12.5 Triangle Tyre Recent Development
10.13 JK Tyre
10.13.1 JK Tyre Company Information
10.13.2 JK Tyre Introduction and Business Overview
10.13.3 JK Tyre Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.13.4 JK Tyre Commercial Tire Products Offered
10.13.5 JK Tyre Recent Development
10.14 Techking Tires
10.14.1 Techking Tires Company Information
10.14.2 Techking Tires Introduction and Business Overview
10.14.3 Techking Tires Commercial Tire Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Techking Tires Commercial Tire Products Offered
10.14.5 Techking Tires Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Commercial Tire Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Commercial Tire Industrial Chain Analysis
11.4 Commercial Tire Market Dynamics
11.4.1 Commercial Tire Industry Trends
11.4.2 Commercial Tire Market Drivers
11.4.3 Commercial Tire Market Challenges
11.4.4 Commercial Tire Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Commercial Tire Distributors
12.3 Commercial Tire Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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