Bias Tire Market by Type (General Bias Tires and Bias-Belted Tires), Vehicle Type, Sales Channel, Component, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Bias Tire Market Size 

The global Bias Tire market size was valued at $1.62 billion in 2023 and is projected to reach $4.49 billion by 2029, growing at a CAGR of 18.5% during the forecast period.  

Bias Tire Overview 

A bias tire, also known as a bias-ply tire, is a type of tire construction in which the internal layers, or plies, of the tire are laid diagonally across each other in a crisscross pattern. This diagonal ply construction provides strength and durability to the tire. The term "bias" refers to the angle at which the plies are oriented in relation to the tire's tread. Bias-ply tires are typically more robust and rugged, making them suitable for applications where durability and load-carrying capacity are essential. They are commonly used in heavy-duty vehicles, such as trucks, agricultural machinery, construction equipment, and some off-road vehicles. 

Bias Tire Market Trends

• The Bias Tire market is expected to witness significant growth in the future due to the rise in demand for industrial applications and rapid expansion of warehouse industries. 

• Additionally, increase in sale of commercial vehicles and are the prominent factors driving the growth of the Bias Tire market demand. 

• However, the plant closures and increased popularity of premium profitable products are restraining the market growth. 

• On the contrary, increase in government investments and rise in use of agriculture tractors are creating opportunities for the market growth. 

By Type, the Bias-Belted Tires Segment is projected to be the Largest Segment in the Bias Tire Market 

The Bias-Belted Tires segment is projected to be the largest segment in the Bias Tire market during the forecast period. Bias-belted tires are commonly used in specific applications where their unique combination of features is advantageous. These applications may include agriculture, off-road, construction, and industrial equipment. Bias-belted tires are known for their robust construction, which makes them suitable for heavy-duty and rugged environments. They can withstand rough terrains and heavy loads, making them a preferred choice in certain industries. Bias-belted tires are often more cost-effective than full radial tires, which can be a significant factor for industries looking to reduce operating costs. The demand for bias-belted tires will continue to exist as long as these specific applications persist and the advantages of this tire type align with the needs of those industries. 

By Geography, Asia Pacific Region Holds the Dominant Position in the Market Revenue 

Asia Pacific region holds the dominant position in the market revenue due to the surge in construction activities in emerging nations like Japan, China, and India. The increasing need for construction equipment such as loaders, excavators, heavy trucks, telehandlers, and others is having a favorable influence on the expansion of the bias tire market during the projected timeframe. Additionally, the growing uptake of industrial vehicles and the periodic replacement of tires are expected to further expedite the growth of the bias tire market in this region. 

Key Target Audience: 

• Venture Capitalists 
• Value-Added Resellers (VARs) 
• Market Players 
• Investors 
• End-users 
• Government Authorities  
• Consulting And Research Firms 

List of the Key Players Profiled in the Report Includes:  

• YOKOHAMA Rubber CO. Ltd 
• Continental AG 
• Bridgestone Corporation 
• Michelin 
• Cooper Tire & Rubber Company 
• Hankook Tire & Technology Co. Ltd. 
• Sumitomo Rubber Industries, Ltd. 
• Pirelli & C S.p.A. 
• The Goodyear Tire & Rubber Company 
• Toyo Tire Corporation 

Key Developments: 

• In August 2023, Bridgestone announced the expansion of its Truck and Bus Radial (TBR) Tire Plant in Morrison, located in Warren County, Tennessee. This ambitious $550 million investment will not only create 380 new job opportunities but also extend the plant's existing footprint by an impressive 850,000 square feet. The expansion is aimed at boosting production capacity and fast-tracking the adoption of advanced technologies geared towards enhancing the environmental friendliness, safety, and efficiency of commercial truck and bus fleets. 
• In March 2021, Continental expanded its range of General Tire products designed for the earthmoving sector by introducing the General TE95 tire. This tire is notable for its exceptional traction, particularly when used in soil compaction tasks for road construction and other building applications. Furthermore, it features V.ply technology, a signature feature found throughout the entire product line. With this addition, the General Tire lineup for earthmoving applications now consists of a comprehensive 18 tire specifications. The initial introduction of General Tire earthmoving tires took place in early 2020, and the range has since expanded to encompass a total of 14 different sizes. 

Market Segmentation: 

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments: 

Market by, Type: 

• General Bias Tires 
• Bias-Belted Tires 

Market by, Vehicle Type: 

• Agriculture Tractors 
• Construction & Mining Vehicles 
• Heavy Commercial Vehicles 
• Industrial Vehicles 
• Light Commercial Vehicles 
• Passenger Cars 

 Market by, Sales Channel: 

• Original Equipment Manufacturers 
• Aftermarket  

Market by, Geography: 

The Bias Tire Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include: 

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis 
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis 
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis 
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis 

• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis. 

What Can be Explored with this Research Report: 

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbrevations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.1.1 Rise in Demand for Industrial Applications 
 4.1.2 Rapid Expansion of Warehouse industries 
 4.1.3 Increase in Sale of Commercial Vehicles 
 4.2 Market Restraints 
 4.2.1 Increased Popularity of Premium Profitable Products 
 4.3 Market Opportunities 
 4.3.1 Increase in Government Investments  
 4.3.2 Rise in Use of agriculture Tractors 
 4.4 Market Challenges 
 4.4.1 Plant Closures Globally 
 4.5 Impact of COVID-19 on Bias Tire Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Bias Tire Market by, Type 
 6.1 Overview 
 6.2 General Bias Tires 
 6.3 Bias-Belted Tires 
 
7 Global Bias Tire Market by, Vehicle Type 
 7.1 Overview 
 7.2 Agriculture Tractors 
 7.3 Construction & Mining Vehicles 
 7.4 Heavy Commercial Vehicles 
 7.5 Industrial Vehicles 
 7.6 Light Commercial Vehicles 
 7.7 Passenger Cars 
 
8 Global Bias Tire Market by, Sales Channel 
 8.1 Overview 
 8.2 Original Equipment Manufacturers 
 8.3 Aftermarket 
 
9 Global Bias Tire Market by, Geography 
 9.1 Overview 
 9.2 North America 
 9.2.1 US 
 9.2.2 Canada 
 9.2.3 Mexico 
 9.3 Europe 
 9.3.1 Germany 
 9.3.2 France 
 9.3.3 UK 
 9.3.4 Italy 
 9.3.5 Spain 
 9.3.6 Rest of Europe 
 9.4 Asia Pacific 
 9.4.1 China 
 9.4.2 Japan 
 9.4.3 India 
 9.4.4 South Korea 
 9.4.5 Australia 
 9.4.6 New Zealand 
 9.4.7 Rest of Asia Pacific 
 9.5 South America 
 9.5.1 Brazil 
 9.5.2 Argentina 
 9.5.3 Chile 
 9.5.4 Rest of South America 
 9.6 Middle East & Africa 
 9.6.1 UAE 
 9.6.2 Saudi Arabia 
 9.6.3 Qatar 
 9.6.4 Iran 
 9.6.5 South Africa 
 9.6.6 Rest of Middle East & Africa 
 
10 Key Developments 
 
11 Company Profiling 
 11.1 YOKOHAMA Rubber CO. Ltd 
 11.1.1 Business Overview 
 11.1.2 Product/Service Offering 
 11.1.3 Financial Overview 
 11.1.4 SWOT Analysis 
 11.1.5 Key Activities 
 11.2 Continental AG 
 11.3 Bridgestone Corporation 
 11.4 Michelin 
 11.5 Cooper Tire & Rubber Company 
 11.6 Hankook Tire & Technology Co. Ltd. 
 11.7 Sumitomo Rubber Industries, Ltd. 
 11.8 Pirelli & C S.p.A. 
 11.9 The Goodyear Tire & Rubber Company 
 11.10 Toyo Tire Corporation