TBR Tire Market - Top Companies and Manufacturers

Companies Dominating the TBR Tire Landscape

TBR tire market expansion is estimated to witness a lucrative share during the forecast period. The competitive environment is attributed to the tremendous spike in investments in the automation sector globally. More companies are entering this sector owing to the potential growth opportunities. In the forecast period, the market will observe emerging competitors and a growing demand for TBR tires around the world.

Some of the key players include:

Continental AG
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Hankook
Goodyear Tire & Rubber Company
ChemChina – Pirelli
Giti Tire
Kumho Tire
Cooper Tire & Rubber Company
Toyo Tire Corporation
Bridgestone Corporation
Michelin Group

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TBR Tire Market Size & Share, Growth Trends 2036

In the News

In October 2022, The Smart iON AU06+, Hankook's first radial truck and bus tire in the iON range, was introduced. With Hankook's EV tire technology, the tire is made for high-end electric vehicles in the Korean market and offers enhanced fuel efficiency, quick torque response, and high load support.
In July 2020, a new truck tire was introduced by Continental AG. The new Conti Scandinavia HS3 ED steer-axle tire was developed especially for the winter mixed on/off-road freight transportation conditions.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the TBR tire market was USD 17.8 billion.

The market size of the TBR tire landscape is projected to surpass USD 43.1 billion by the end of 2036 expanding at a CAGR of 7.6% during the forecast period i.e., between 2024-2036.

The major players in the market are Continental AG, Hankook, Goodyear Tire & Rubber Company, ChemChina - Pirelli, Giti Tire, Kumho Tire, Cooper Tire & Rubber Company, Toyo Tire Corporation, Bridgestone Corporation, Michelin Group and others.

In terms of application, the trucking industry segment is anticipated to garner the largest market share of 59.1% by 2036 and display substantial growth opportunities during 2024-2036.

The market in North America is projected to hold the largest revenue share of 49.9% by the end of 2036 and provide more business opportunities in the future.

TBR Tire Market - Top Companies and Manufacturers

Companies Dominating the TBR Tire Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the TBR tire market?

What is the outlook for the TBR tire market?

Who are the major players dominating the TBR tire market?

Which application segment will capture the significant market share for the TBR tire by 2036?

Which region will provide more business opportunities for the growth of the TBR tire market in the future?