Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
Motorcycle Handle Grip Market Size Gyrocopter Market Size Automotive Rear Combination Lamp Market Size G-protein Coupled Receptors Market SizeGlobal Commercial Vehicle Tire Cords Market Size to Exceed USD 9.68 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Commercial Vehicle Tire Cords Market Size is Expected to Grow from USD 5.34 Billion in 2023 to USD 9.68 Billion by 2033, Growing at a CAGR of 6.13% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Commercial Vehicle Tire Cords Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Steel, Polyester, Nylon, Rayon, and Others), By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Buses & Coaches), By Sale Chaneel (OEM, Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis And Forecast 2023 - 2033
The worldwide commercial vehicle tire cord market refers to the industry involved in the production and distribution of tire cords specifically designed for commercial vehicles, such as trucks, buses, and other heavy-duty vehicles. These tire cords are vital components in the construction of tires, offering structural support, optimizing durability, and keeping the tire's shape under various circumstances. The market is driven by factors such as the increasing need for commercial vehicles in industries like logistics, construction, and public transportation, as well as the implementation of sophisticated technology in tire procedure, which makes them high-quality and durable. This market is expanding due to increasing logistics and transportation industry, which require sophisticated technical support among fleet owners. However, market acquisition faces several obstacles, like price fluctuation, high upfront costs, strict rules and regulations, and competition from alternative materials.
The steel segment held the largest share of the global commercial vehicle tire cord market in 2023 and is anticipated to grow at a significant CAGR over the forecast period.
On the basis of the material type, the global commercial vehicle tire cord market is segmented into steel, polyester, nylon, rayon, and others. Among these, the steel segment accounted for the largest share of the global commercial vehicle tire cord market in 2023 and is anticipated to grow at a significant CAGR over the forecast period. This is because of its high tensile strength and durability, which are suitable for heavy-duty vehicles since they carry high load capacity over long distances.
The heavy commercial vehicles segment accounted for the greatest share of the global commercial vehicle tire cord market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of vehicle type, the global commercial vehicle tire cord market is categorized into light commercial vehicles, heavy commercial vehicles, and buses & coaches. Among these, the heavy commercial vehicles segment accounted for the greatest share of the global commercial vehicle tire cord market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. This segmental growth is attributed to the market expansion because it caters to the high loading capacity of goods or others throughout the long haul and rising need due to safety concerns for fleet owners.
The aftermarket segment held a significant share of the global commercial vehicle tire cord market in 2023 and is projected to grow at a rapid pace over the forecast period.
On the basis of the sale channel, the global commercial vehicle tire cord market is segmented into OEM and aftermarket. Among these, the aftermarket segment held a significant share of the global commercial vehicle tire cord market in 2023 and is projected to grow at a rapid pace over the forecast period. This segment expansion contributed to the market development due to the rising need for upkeep and alternative means for commercial fleet owners. Furthermore, the extensive usage of commercial vehicles for logistics and transportation would be affected by extreme weather conditions or wear & tear conditions that boost the segment expansion.
Asia Pacific is anticipated to hold the largest share of the global commercial vehicle tire cord market over the forecast period.
Asia Pacific is expected to hold the greatest share of the global commercial vehicle tire cord market over the forecast period. Further, the need for commercial vehicles is rising as a result of the fast urbanization and industrialization of nations like China and India, along with growing road infrastructure and logistics networks, which excels the market dynamics across the region. The market expansion, with supportive high technological adoption and developed infrastructure in the automotive industry.
Europe is projected to grow at the fastest CAGR growth of the global commercial vehicle tire cord market over the forecast period. The market expansion throughout the region is further accelerated due to a focus on sustainability and cutting-edge automotive innovations. Moreover, high-quality tire cords improve performance and fuel efficiency due to the regional strict safety and vehicle emissions rules, which offer a supportive role for market expansion. Further, with a strong emphasis on innovation and research, countries like the United Kingdom, France, and Germany are major market contributors and expand the regional market growth.
Company Profiling
Major vendors in the global commercial vehicle tire cords market are Bridgestone Corporation, Continental AG, Michelin Group, Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., Hankook Tire & Technology Co., Ltd., Yokohama Rubber Co., Ltd., Toyo Tire Corporation, Cooper Tire & Rubber Company, Kumho Tire Co., Inc., Apollo Tyres Ltd., Nokian Tyres plc, Giti Tire Pte. Ltd., Linglong Tire, Double Coin Holdings Ltd., Triangle Tyre Co., Ltd., Sailun Group Co., Ltd., ZC Rubber Group Co., Ltd., and Maxxis International, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global commercial vehicle tire cords market based on the below-mentioned segments:
Global Commercial Vehicle Tire Cords Market, By Material Type
Global Commercial Vehicle Tire Cord Market, By Vehicle Type
Global Commercial Vehicle Tire Cords Market, By Sale Channel
Global Commercial Vehicle Tire Cords Market, By Regional
May 2025 - Global Graft Versus Host Disease (GVHD) Treatment Market Size is Expected to Grow from USD 2.53 Billion in 2023 to USD 5.45 Billion by 2033, at a CAGR of 7.98% during the forecast period 2023-2033.
May 2025 - The Global Small Animals Respiratory Diseases Treatment Market Size is Expected to Grow from USD 25.18 Million in 2023 to USD 33.94 Million by 2033, at a CAGR of 3.03% during the forecast period 2023-2033.
May 2025 - The Global Rail Vehicle Sanitation System Market Size is Expected to Grow from USD 1.23 Billion in 2023 to USD 2.52 Billion by 2033, Growing at a CAGR of 7.44% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
