What is the current Heavy Duty Tire Market size?

The Heavy Duty Tire Market is projected to register a CAGR of 4.84% during the forecast period (2024-2029) Read More

Who are the key players in Heavy Duty Tire Market?

Bridgestone Corporation, Continental Tires, Balkrishna Industries Limited (BKT), Michelin and Trelleborg AB are the major companies operating in the Heavy Duty Tire Market. Read More

Which is the fastest growing region in Heavy Duty Tire Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Heavy Duty Tire Market?

In 2024, the Asia Pacific accounts for the largest market share in Heavy Duty Tire Market. Read More

What years does this Heavy Duty Tire Market cover?

The report covers the Heavy Duty Tire Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Heavy Duty Tire Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Heavy Duty Tire Market Share

Statistics for the 2023 & 2024 Heavy Duty Tire market share, created by Mordor Intelligence™ Industry Reports. Heavy Duty Tire share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Heavy Duty Tire Industry

The global heavy-duty tires market consists of numerous international and domestic players, such as Bridgestone Corporation, Michelin, Titan International, Trelleborg Wheel Systems, Balkrishna Industries Limited, and Continental AG, which account for over 40% of the market share. Growing product innovation activities among key players are driving growth in the market. For instance,

September, 2022: Continental introduced the LD-Master L5 Traction Construction Tire. The new LD-Master L5 Traction radial tire is built for tough situations and comes standard with tire sensors. The L5 traction tread design protects the carcass while ensuring a smooth and safe work site operation. The strong tread block design ensures consistent traction. The extra deep tread and sidewall protection strengthen the tire and assure long-term production.