Transportation Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Commercial Truck Tires
Overview
Market size
$29.7B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-2.3
supplier-favoured
Suppliers
4
tracked players
Signals
12
2 high severity
Market outlook
2031$36.5B
What changed
Demand by region
Asia Pacific demand45%
North America demand25%
Europe demand18%
Latin America demand7%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Natural Rubber and Synthetic Polymers40%
Steel Cord and Wire Reinforcements20%
Carbon Black and Chemical Additives15%
Manufacturing Labor and Energy15%
Inbound and Outbound Freight10%
share of delivered cost (analyst estimate)