Heavy-duty Tire Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Heavy-duty Tire Market is Segmented by Vehicle Type (Construction Machinery, Mining Machinery, Agricultural Machinery, Industrial Vehicles), End-user (OEM, Aftermarket), and by Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market size and forecasts for all the above segments in value (in USD Billion).

Heavy-duty Tire Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Heavy-duty Tire Market Size

Heavy-duty Tire Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.84 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Heavy Duty Tire Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Heavy Duty Tire Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

Heavy-duty Tire Market Analysis

The Heavy Duty Tire Market is expected to register a CAGR of 4.84% during the forecast period.

The COVID-19 pandemic had a significant effect on the automotive tires market directly in the short term as the production and sales of new vehicles witnessed a decline in 2020. Moreover, owing to restrictions, vehicle owners reduced the amount of driving resulting in delayed visits for maintenance or tire replacement. However, with the projected exponential increase in vehicle sales over the forecast period, the market is expected to be revived economically also with the players focusing on the development of the new product.

Over the long term, increasing adoption of off-highway machinery in construction, mining, and agricultural industries. Rising mechanization trend in developing countries and spike in residential and commercial construction projects are driving the demand for off-highway machinery which in turn creates a parallel demand for

The demand for tire retreads has been increasing for these vehicles, as fleet managers /operators continue to leverage retread programs to reduce operating costs. Retreading can save the heavy commercial vehicle segment to a significant extent, as it is significantly cheaper than a tire replacement.

Heavy-duty Tire Industry Overview

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.

Heavy-duty Tire Market Leaders

  1. Bridgestone Corporation

  2. Continental Tires

  3. Balkrishna Industries Limited (BKT)

  4. Michelin

  5. Trelleborg AB

  6. *Disclaimer: Major Players sorted in no particular order
Heavy-duty Tire Market Concentration
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Heavy-duty Tire Market News

  • August, 2022: Michelin North America, Inc. has introduced the Michelin X Mine D2 Extra Load L5 35/65R33 tire, an upgraded version of one of the company's most popular mining tires. According to the business, the new tire, created for quarry and underground mining applications, is designed to withstand the most severe mining environments and has the capacity to handle higher weights, now with a load rating.
  • May, 2022: JK Tyre & Industries introduced four brand-new products in the off-road tire market. 45/65-45 58PR VEM 63 L5 TL is one of the new products; 14,00 to 24, GTL Champ 16, PR G3 TT; Hard Rock Champion 20PR E4 TT from 12 to 24, and VEM 045 44PR E3 TT from 16 to 25. In addition to being tailored to provide superior stability, the new tires have a longer tread life and tread compounds that resist wear and cuts to extend service life.
  • March, 2022: BKT has introduced a new 875/65 R 29 L-5 size for its EARTHMAX SR 51 OTR (off-the-road tire) lineup. According to the company, the new 65-series tire range is specifically developed for wheeled loaders working in demanding environments such as rock quarries and landfills. It goes on to say that this is achievable because of the cut-resistant extra deep L-5 tread, which provides exceptional cut and puncture protection as well as a longer wear life.

Heavy-duty Tire Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Vehicle Type
    • 5.1.1 Construction Machinery
    • 5.1.2 Mining Machinery
    • 5.1.3 Agricultural Machinery
    • 5.1.4 Industrial Vehicles
  • 5.2 End-user Type
    • 5.2.1 OEM
    • 5.2.2 Aftermarket
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Rest of Asia-Pacific
    • 5.3.4 Rest of the World
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 South Africa
    • 5.3.4.4 Other Countries

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Mergers & Acquisitions
  • 6.3 Company Profiles
    • 6.3.1 Bridgestone Corporation
    • 6.3.2 Continental Tires
    • 6.3.3 Balkrishna Industries Limited (BKT)
    • 6.3.4 Michelin
    • 6.3.5 Titan Tire Corporation
    • 6.3.6 Sumitomo Rubber Industries, Ltd
    • 6.3.7 Trelleborg AB
    • 6.3.8 The Goodyear Tire & Rubber Company
    • 6.3.9 JK Tyre & Industries Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER

**Subject to Availability
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Heavy-duty Tire Industry Segmentation

Heavy-duty tires are solely utilized for particular heavy-duty application equipment. These machines are used in a variety of applications, including construction machinery, mining machinery, industrial vehicles and equipment, agricultural machinery, and forestry machinery. Because these vehicles are employed in harsh environments to construct infrastructure, their tires must withstand high loads.

The Heavy-duty Tire Market is Segmented by Vehicle Type (Construction Machinery, Mining Machinery, Agricultural Machinery, Industrial Vehicles), End-user (OEM, Aftermarket), and by Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market size and forecasts for all the above segments in value (in USD Billion).

Vehicle Type Construction Machinery
Mining Machinery
Agricultural Machinery
Industrial Vehicles
End-user Type OEM
Aftermarket
Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific China
Japan
India
Rest of Asia-Pacific
Rest of the World Brazil
Argentina
South Africa
Other Countries
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Heavy-duty Tire Market Research FAQs

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 (2025-2030)

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.

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 (2025-2030).

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

In 2025, the Asia Pacific accounts for the largest market share in Heavy Duty Tire Market.

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, 2023 and 2024. The report also forecasts the Heavy Duty Tire Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Heavy-duty Tire Industry Report

Statistics for the 2025 Heavy Duty Tire market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Heavy Duty Tire analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.