The global truck and bus radial (TBR) tire market is anticipated to grow at a CAGR of 6.0% during the forecast period. The global market for truck and bus radial (TBR) tires is growing due to several factors. One of the main reasons is the increasing demand for commercial vehicles, which has led to a rise in the production of trucks, buses, and other modes of public transportation. Additionally, infrastructure development, technological advancements, and regulatory standards have also contributed to the growth of the TBR tire market. TBR tire manufacturers are launching new tire models to meet the rising demand and capitalize on market opportunities. These new tires offer improved performance, durability, and efficiency, allowing manufacturers to attract customers and gain a competitive edge. For instance,
Browse the full report description of “Truck and Bus Radial (TBR) Tire Market Size, Share & Trends Analysis Report by Application (Truck, and Bus), by Sales Channel (Original Equipment Markets, and Aftermarket), and by Type (Steer Tires, Drive Tires, Trailer Tires, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/tbr-tire-market
• In January 2023, Continental launched the Ultra Contact NXT, its most sustainable series tire to date, which is made of up to 65% renewable, recycled, and mass balance certified materials. The tire includes recycled rubber material from mechanically processed end-of-life tires, recycled rapeseed oil, silica from rice husk ashes, and responsibly produced natural rubber. Continental is the first manufacturer to launch a series tire with a very high share of sustainable materials.
• In August 2021, Michelin launched a new range of commercial vehicle (CV) tyres in India called the MICHELIN 295/80R22.5 X MULTI Z2, which is designed for regional and highway bus operations. The tyre is "Made in India" and is packed with the latest technologies, offering market-leading safety features and mileage.
• In January 2021, Bridgestone India launched a new tyre, V-Steel Mix M721, for commercial vehicles. The tyre is designed for general cargo, long haul, and highway applications. According to Bridgestone India, the new tyre provides 15% extra fuel efficiency. The launch of this tyre is part of Bridgestone India's strategy to establish a strong presence in the drive axle tyre category. The V-Steel Mix M721 is the latest addition to Bridgestone India's range of commercial vehicle tyres.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Application
o By Type
o By Sales Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Includes Michelin, Bridgestone India, the Goodyear Tire & Rubber Co., CONTINENTAL AG, and Pirelli Tyre S.p.A., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Truck and Bus Radial (TBR) Tire Market Report Segment
By Application
By Type
By Sales Channel
Global Truck and Bus Radial (TBR) Tire Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/tbr-tire-market