Industry Findings: Freight transportation growth and infrastructure development continue supporting demand for truck and bus radial tires across logistics, mining, and commercial transportation sectors. Fleet operators increasingly prioritize fuel-efficient and durable tire solutions to reduce operating costs and improve vehicle uptime under rising transportation activity. Sustainability initiatives and stricter emission regulations have also accelerated demand for low rolling resistance tire technologies. During 2024, India expanded highway infrastructure and freight mobility investments under national logistics modernization programs aimed at improving commercial transportation efficiency. Our assessment indicates that expanding freight movement and fleet optimization strategies continue strengthening replacement and OEM demand for TBR tires globally.
Industry Player Insights: Leading companies operating in the global TBR tire market include Michelin, Bridgestone Corporation, Goodyear Tire & Rubber Company, Continental AG, and Apollo Tyres Ltd. Michelin expanded sustainable commercial tire technologies during 2023 through additional fuel-efficient and retread-focused solutions supporting long-haul transportation operators. Meanwhile, Apollo Tyres Ltd. strengthened commercial vehicle tire production activity in 2024 to address rising demand from logistics and regional freight transportation sectors. These developments show how tire manufacturers increasingly focus on durability, sustainability, and operational cost optimization within commercial mobility markets.