Heavy Duty Tire Market Share

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.

Heavy-duty Tire Market Leaders

1. Bridgestone Corporation

2. Continental Tires

3. Balkrishna Industries Limited (BKT)

4. Michelin

5. Trelleborg AB

*Disclaimer: Major Players sorted in no particular order