Truck & Bus Radial (TBR) Tire Market- Segmentation, Major Players & Geographical Analysis, 2030
Truck & Bus Radial (TBR) Tire Market: Introduction According to the report, the global truck & bus radial (TBR) tire market is projected to surpass US$ 98 Bn by 2030 , expanding at a CAGR of ~ 6% during the forecast period driven by the increase in the usage of trucks globally. Expansion of Truck & Bus Radial (TBR) Tire Market Last mile deliveries and advent of e-Commerce have spurred road transportation traffic. The increase in the number of miles driven by trucks is boosting the demand for TBR tires. TBR tires have a high aftermarket demand, owing to the requirement of periodic replacement. The rise in the number of on-road trucks in developing regions such as Asia Pacific, Latin America, and Middle East & Africa is projected to boost the truck & bus radial (TBR) tire market in these regions during the forecast period. Awareness about vehicle maintenance among consumers, adoption of tire monitoring systems by fleet managers, and expansion of retailer and deale