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Report World - Tyres for Buses or Lorries - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

World - Tyres for Buses or Lorries - Market Analysis, Forecast, Size, Trends and Insights

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Overview of the Global Market for Tyres For Buses Or Lorries

Market Size for Tyres For Buses Or Lorries

The global truck and bus tyre market expanded significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Global consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Tyres For Buses Or Lorries

In value terms, truck and bus tyre production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Tyres For Buses Or Lorries

Exports

In 2022, shipments abroad of tyres for buses or lorries increased by X% to X units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, truck and bus tyre exports totaled $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Thailand (X units), comprising an X% share of total exports. The United States (X units), Slovakia (X units), Turkey (X units), Germany (X units), Vietnam (X units), Canada (X units), Japan (X units), India (X units), France (X units), South Korea (X units) and Spain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to truck and bus tyre exports from China stood at X%. At the same time, Vietnam (X%), Thailand (X%), Slovakia (X%), Turkey (X%), Spain (X%) and India (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. France and Germany experienced a relatively flat trend pattern. By contrast, the United States (X%), Canada (X%), Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Thailand and Vietnam increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest truck and bus tyre supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Thailand ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

In China, truck and bus tyre exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and the United States (X% per year).

Export Prices by Country

The average truck and bus tyre export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The global export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports

In 2022, approx. X units of tyres for buses or lorries were imported worldwide; picking up by X% against the previous year. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, truck and bus tyre imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Mexico (X units) and the United States (X units) represented the largest importers of tyres for buses or lorries in 2022, accounting for approx. X% and X% of total imports, respectively. It was distantly followed by Germany (X units), constituting a X% share of total imports. Canada (X units), Australia (X units), France (X units), the Netherlands (X units) and Italy (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported tyres for buses or lorries worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In the United States, truck and bus tyre imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Mexico (X% per year).

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption in 2023 were the United States, Mexico and China, with a combined 43% share of global consumption.
China remains the largest truck and bus tyre producing country worldwide, accounting for 38% of total volume. Moreover, truck and bus tyre production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was taken by Thailand, with a 7.7% share.
In value terms, China remains the largest truck and bus tyre supplier worldwide, comprising 31% of global exports. The second position in the ranking was taken by Thailand, with a 10% share of global exports. It was followed by the United States, with a 6.3% share.
In value terms, the United States constitutes the largest market for imported tyres for buses or lorries worldwide, comprising 23% of global imports. The second position in the ranking was taken by Germany, with a 6% share of global imports. It was followed by Mexico, with a 5.6% share.
The average truck and bus tyre export price stood at $114 per unit in 2022, rising by 6.2% against the previous year.
In 2022, the average truck and bus tyre import price amounted to $106 per unit, increasing by 6.4% against the previous year.

This report provides an in-depth analysis of the global market for truck and bus tyre. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
  • Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Goodyear, Bridgestone, Michelin, Continental, Sumitomo Tires, Pirelli, Hankook Tire, ZC Rubber, Yokohama, MRF, Alliance Tire Company, Birla Tyres, Belshina, Carlisle, Casumina, Cheng Shin Rubber, Deestone, General Tyre Pakistan, Hangzhou Zhongce, Kumho Tires, Nokian Tyres, Shanghai Huayi, Tigar Tyres

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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