Truck & Bus Radial (TBR) Tire : Overview Of Key Market Forces Propelling And Restraining Market Growth 2020-2030
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 m...