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Truck and Bus Radial (TBR) Tire Market Size 2025: Global Share, Industry And Report Analysis By 2031 | Koninklijke Philips N.V Magneti marelli S.P.A Namyung Lighting Co., Ltd.
Truck and bus radial (TBR) tire market is anticipated to grow at a CAGR of 6.0% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for commercial vehicles, expanding transportation and logistics industry, and technological advancements in tire manufacturing. Furthermore, factors such as the need for fuel efficiency, improved vehicle performance, and increased safety standards are expected to drive the demand for TBR tires. For instance, in August 2022, Apollo Tyres launched five new truck-bus radial tires in India, catering to various positions and applications. One of the tires, Apollo EnduTrax MA, is designed for tipper trucks, offering superior cut resistance and durability for challenging terrains. The Apollo EnduRace RA is a regional tire known for its mileage, durability, and traction on wet and dry roads. Additionally, three tires, Apollo EnduMile LHD, LDR, and LDT, are designed for long-haul operations, providing improved fuel efficiency, longevity, and highway traction. This launch aims to enhance Apollo Tyres' market presence in India's truck and bus radial tire segment.Get Free Sample link @ https://www.omrglobal.com/request-sample/tbr-tire-market
The global TBR tire market is segmented based on its application, sales channel, and type. Based on the application, the market is segmented into trucks and buses. TBR tires are specifically designed to meet the requirements of heavy-duty commercial vehicles, offering durability, load-carrying capacity, and superior traction. The truck segment dominates the market due to the high demand for TBR tires in the transportation and logistics industry.
full report of Truck and Bus Radial (TBR) Tire Market available @ https://www.omrglobal.com/industry-reports/tbr-tire-market
• Market Coverage
• Market number available for - 2025-2031
• Base year- 2025
• Forecast period- 2025-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Truck and Bus Radial (TBR) Tire Market Report Segment
By Application
• Truck
• Bus
By Type
• Steer Tires
• Drive Tires
• Trailer Tires
• Others (All-Position Tire)
By Sales Channel
• Original Equipment Markets
• Aftermarket
Global Truck and Bus Radial (TBR) Tire Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global truck and bus radial (TBR) tire market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/tbr-tire-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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