
World - Tyres for Buses or Lorries - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingOverview 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 contracted modestly to $X in 2022, shrinking by -2.5% against the previous year. Overall, consumption recorded a mild decrease. The most prominent rate of growth was recorded in 2019 when the market value increased by 4.1%. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
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 showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.
Exports of Tyres For Buses Or Lorries
Exports
In 2022, overseas shipments of tyres for buses or lorries increased by 15% to X units, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, truck and bus tyre exports rose markedly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Exports by Country
China represented the largest exporting country with an export of about X units, which reached 37% of total exports. Thailand (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by the United States (4.8%). The following exporters - Slovakia (X units), Turkey (X units), Germany (X units), Canada (X units), Japan (X units), India (X units), South Korea (X units), Poland (X units), the Czech Republic (X units) and France (X units) - together made up 27% of total exports.
From 2012 to 2022, average annual rates of growth with regard to truck and bus tyre exports from China stood at +3.6%. At the same time, Thailand (+13.6%), Slovakia (+7.2%), Turkey (+4.1%) and India (+1.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.6% from 2012-2022. Poland and Germany experienced a relatively flat trend pattern. By contrast, France (-1.8%), the Czech Republic (-1.8%), the United States (-2.9%), Canada (-4.7%), Japan (-5.2%) and South Korea (-6.1%) illustrated a downward trend over the same period. While the share of Thailand (+8.3 p.p.) and China (+5.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of South Korea (-2.8 p.p.), Canada (-2.9 p.p.), the United States (-3 p.p.) and Japan (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest truck and bus tyre supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by Thailand ($X), with a 10% share of global exports. It was followed by the United States, with a 6.4% share.
From 2012 to 2022, the average annual growth rate of value in China amounted to +1.3%. In the other countries, the average annual rates were as follows: Thailand (+11.1% per year) and the United States (-2.7% per year).
Export Prices by Country
The average truck and bus tyre export price stood at $X per unit in 2022, with a decrease of -5.8% against the previous year. Overall, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Thailand ($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 (+2.1%), while the other global leaders experienced more modest paces of growth.
Imports of Tyres For Buses Or Lorries
Imports
Global truck and bus tyre imports was estimated at X units in 2022, picking up by 6% against the year before. The total import volume increased at an average annual rate of +3.3% 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 with an increase of 19%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, truck and bus tyre imports totaled $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.
Imports by Country
In 2022, the United States (X units) represented the main importer of tyres for buses or lorries, making up 27% of total imports. It was distantly followed by Germany (X units) and Mexico (X units), together comprising a 12% share of total imports. Canada (X units), Australia (X units), France (X units), the Netherlands (X units), Italy (X units), the Philippines (X units), the United Arab Emirates (X units), Russia (X units), Brazil (X units) and Poland (X units) took a minor share of total imports.
From 2012 to 2022, average annual rates of growth with regard to truck and bus tyre imports into the United States stood at +6.4%. At the same time, Poland (+7.3%), Brazil (+6.9%), Mexico (+6.2%), the Netherlands (+5.4%), Canada (+4.3%), the Philippines (+4.2%), Germany (+3.9%), Italy (+2.6%), France (+2.3%) and Australia (+1.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +7.3% from 2012-2022. By contrast, Russia (-1.6%) and the United Arab Emirates (-3.6%) illustrated a downward trend over the same period. The United States (+7.1 p.p.) significantly strengthened its position in terms of the global imports, while the United Arab Emirates saw its share reduced by -1.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X) constitutes the largest market for imported tyres for buses or lorries worldwide, comprising 23% of global imports. The second position in the ranking was held by Germany ($X), with a 6.1% share of global imports. It was followed by Mexico, with a 5.6% share.
In the United States, truck and bus tyre imports increased at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-0.6% per year) and Mexico (+2.1% per year).
Import Prices by Country
In 2022, the average truck and bus tyre import price amounted to $X per unit, increasing by 3.9% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2018 an increase of 7.8%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per unit), while the Philippines ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.7%), while the other global leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
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:
- USA
- 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
+ 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:
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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. 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
-
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
Recommended reports
This report provides an in-depth analysis of the market for truck and bus tyre in Asia.
This report provides an in-depth analysis of the market for truck and bus tyre in the U.S..
This report provides an in-depth analysis of the market for truck and bus tyre in China.
This report provides an in-depth analysis of the market for truck and bus tyre in the EU.