Heavy-duty Tire Market Trends, Challenges and Strategic Recommendations

Heavy-duty Tire Market Size, Share and Strategic Outlook

The heavy-duty tires market is expected to increase from USD 29.21 billion in 2025 to USD 39.37 billion by 2034, growing at a CAGR of 3.37% throughout the forecast period from 2025 to 2034.

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Introduction

The heavy-duty tires market is a crucial segment of the automotive industry. This industry deals in manufacturing and distribution of heavy-duty tires across the world. There are several tires developed in this sector consisting of bias ply tires, radial tires, solid tires, tube tires and some others. These tires are designed for numerous types of vehicles including trucks, construction equipment, agricultural vehicles, mining equipment, industrial vehicles and some others. It finds application in different sectors consisting of on-road applications, off-road applications, heavy construction, agricultural operations, mining operations and some others. The rising development in the mining industry in different parts of the world has boosted the market expansion. This market is expected to rise significantly with the growth of the tire manufacturing industry around the globe.

• According to the Our World in Data, the global copper mine production in 2018 was 20.6 million tons that increased to 22 million tons in 2023.

Highlights of the Heavy-Duty Tires Market

• Asia Pacific held the highest share of the heavy-duty tires market.
• North America is expected to grow with a significant CAGR during the forecast period.
• By vehicle type, the construction machinery segment held the largest share of the market.
• By vehicle type, the agricultural machinery segment is anticipated to witness the fastest growth during the forecast period.
• By end-users, the OEM segment dominated this industry.
• By end-users, the aftermarket segment is predicted to rise with a notable CAGR during the forecast period.

Key Metrics and Overview

Heavy-Duty Tires: Stats and Figures

• According to the India Brand Equity Foundation, the demand for tires in India is expected to rise by 6%-8% during FY2024.
• According to the U.S. Tire Manufacturers Association, around 340.4 million units of tires are expected to sold in the U.S. during 2025.
• According to the Our World in Data, around 22 million tons of copper was extracted globally in 2023.
• According to the American Farm Bureau Federation, the agricultural export of America was valued at US$ 174.9 billion in 2023.

Vehicle Type Insights

The construction machinery segment held the largest share of the market. The rise in number of residential constructions in developed nations such as U.S., UK, France, Germany, Australia and some others is driving the market expansion. Additionally, the rising investment by government of several countries for developing the road infrastructure coupled with rapid investment by market players to manufacture tires for construction equipment is likely to shape the industrial landscape. Moreover, the growing sales of various construction vehicles such as dump trucks, cranes, bulldozers, excavators, forklifts and some others is expected to drive the growth of the heavy-duty tires market.

• In December 2024, JK Tyre launched a new range of tires in India. These tires are designed for use in mining equipment.

The agricultural machinery segment is anticipated to witness the fastest growth during the forecast period. The rising demand for several food crops from several countries such as India, China, Brazil and some others has increased the demand for agricultural equipment, thereby driving the market expansion. Additionally, numerous government initiatives aimed at developing the agricultural sector coupled with increasing sales of tractors and irrigation equipment is playing a positive role in shaping the industrial landscape. Moreover, rapid investment by market players for developing heavy-duty tires to cater the needs of the agricultural equipment is anticipated to boost the growth of the heavy-duty tires market.

• In March 2023, Apollo Tyres Ltd collaborated with CLAAS. This collaboration is done for launching Vredestein Traxion tyres that finds application in mid-range tractors.

End-Users Insights

The OEM segment dominated this industry. The growing demand for high-quality tires with valid warranty and guarantee among the truck operators has boosted the market growth. Additionally, the rising preference of tractor owners to visit OEM-based service centers is playing a vital role in shaping the industrial expansion. Moreover, numerous collaborations among automotive OEMs and tire manufacturers for manufacturing heavy-duty tires is further adding to the growth of the heavy-duty tires market.

The aftermarket segment is predicted to rise with a notable CAGR during the forecast period. The rising preference of consumers to modify their vehicles has increased the demand for aftermarket products, thereby driving the market growth. Moreover, the growing demand for cost-effective tire maintenance along with rise in number of aftermarket startups is driving the growth of the heavy-duty tires market.

Geographical Insights

Asia Pacific held the highest share of the heavy-duty tires market. The growing demand for heavy-duty tires from the mining sector across countries such as China, India, South Korea and some others has boosted the market expansion. Additionally, the rising investment by several private entities and public companies for developing the tire manufacturing sector is further contributing to the overall industrial growth. Moreover, the presence of several heavy-duty tire manufacturers such as Balkrishna Industries Limited (BKT), Sumitomo Rubber Industries, Ltd., JK Tyre & Industries and some others has further bolstered the market growth. Furthermore, the growing interest of people towards agriculture along with availability of rubber at a large scale is expected to propel the growth of the heavy-duty tires market in this region.

• In February 2023, BKT launched the EARTHMAX Crusher Haul and EARTHMAX SR. These tires are designed for the construction and mining sector in India.

China is the dominant player in this region. In China, the market is generally driven by the rising sales of agricultural equipment and increasing demand for construction machineries. Additionally, the availability of raw materials such as rubber, carbon black, steel and some others that are essential in tire manufacturing sector coupled with rapid integration of advanced technologies such as AI and IoT in automotive industry has further boosted the market expansion. Moreover, the presence of tire companies such as Zhongce Rubber Group, Giti Tire, Sailun Jinyu Group and some others is adding to the overall market growth in this nation.

India and Japan further contributes significantly to the market. In India, the market is generally driven by the rapid developments in the agricultural sector coupled with numerous government initiatives aimed at strengthening the mining industry. In Japan, the technological advancements in tire manufacturing industry along with presence of several tire brands such as Sumitomo Rubber Industries, Bridgestone, Yokohama Rubber Company and some others is driving the market in a positive direction.

North America is expected to grow with a significant CAGR during the forecast period. The rising development in the mining sector along with increased consumer interest towards organic farming has driven the market expansion. Additionally, the growing adoption of electric tractors in U.S. and Canada for operating heavy-duty tasks coupled with integration of AI in tire industry has further contributed positively to the overall industrial growth. Moreover, the presence of several heavy-tire manufacturing companies including Goodyear Tires, Uniroyal, Cooper Tire & Rubber Company and some others is driving the growth of the heavy-duty tires market in this region.

• In February 2025, the Goodyear Tire & Rubber Company launched Cooper WORK Series Regional Haul All-position (RHA) 2 tire. These tires are designed for heavy-duty trailers.

U.S. is the major contributor in this region. The growing adoption of excavators and electric dump trucks in mining sector has boosted the market expansion. Additionally, numerous government initiatives aimed at developing the agricultural sectors coupled with increasing emphasis on using sustainable materials for manufacturing heavy-duty tires is playing a vital role in shaping the industrial landscape. Moreover, the presence of several industrial equipment manufacturers such as Lawson Products, Caterpillar Inc., Terex Corporation and some others is crucial for the industrial expansion.

Industry Leader Announcement

• In December 2024, Anuj Kathuria, the president of JK Tyre & Industries made an announcement stating that, “JK Tyre consistently pushes the boundaries of innovation in the OTR tyre segment, delivering solutions that are both robust and specifically designed to boost productivity in its sector. Our latest OTR tyres are engineered to excel in the most challenging terrains, offering unparalleled durability and efficiency for heavy-duty machinery in the mining sector. As a front-runner in the segment, we are dedicated to advancing performance, setting new standards in tyre technology, and enhancing the overall productivity in OTR industry."

Competitive Landscape

The heavy-duty tires market is a highly fragmented industry with the presence of a several dominating players. Some of the prominent companies in this industry consists of Michelin, Titan Tire Corporation, Continental Tires, Balkrishna Industries Limited (BKT), Sumitomo Rubber Industries, Ltd. and some others. These companies are constantly engaged in manufacturing heavy-duty tires and adopting numerous strategies such as business expansions, collaborations, launches, partnerships, acquisitions, joint ventures, and some others to maintain their dominant position in this industry. For instance, in March 2025, Michelin launched Agilis HD. Agilis HD is a heavy-duty tire designed for trucks to deliver world-class durability and enhanced traction. Also, in November 2024, Titan launched AgraVANTAGE. AgraVANTAGE is a new range of Bias R-1 tires designed for tractors.

Recent Developments

• In April 2025, ZC Rubber launched X-Elite Series. X-Elite Series is a new series of heavy-duty tires designed for the trucks of Southeast Asia.
• In September 2024, Giti Tire launched a new range of heavy-duty tire. These heavy-duty tires are designed for the trucks in Singapore.
• In September 2024, Apollo Tyres launched EnduRace RD HD drive tyre and EnduRace RT HD+ trailer tyre. These tires are designed for the heavy-duty trailers across the Europe.

Heavy-duty Tire Market Segments

By Vehicle Type

• Construction Machinery
• Mining Machinery
• Agricultural Machinery
• Industrial Vehicles

By End-User

• OEM
• Aftermarket

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa