Bias Tire Market Research Report By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles), By Tire Size (7.5 - 10 Inches, 11 - 15 Inches, 16 - 20 Inches, 21 Inches and Above), By Application (On-road, Off-road, Industrial, Agricultural), By Tread Pattern (Ribbed, Lugged, Mixed) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Bias Tire Market Overview:

As per MRFR analysis, the Bias Tire Market Size was estimated at 13.94 (USD Billion) in 2022. The Bias Tire Market Industry is expected to grow from 14.61 (USD Billion) in 2023 to 22.3 (USD Billion) by 2032. The Bias Tire Market CAGR (growth rate) is expected to be around 4.82% during the forecast period (2024 - 2032).

Key Bias Tire Market Trends Highlighted

The Bias Tire Market is experiencing continuous growth as different sectors and regions are witnessing increasing demand. Some of the major drivers are growth in the automobile industry especially in emerging markets and the increasing popularity of off-road vehicles needing specialized tires that can handle rough terrain, which bias tires do well. Moreover, there is a growing requirement for agricultural equipment and industrial machinery employing bias tyres due to their durability and traction thus fueling the market’s rise. There are opportunities for innovative bias tyre designs, materials, and technologies. Materials’ improvements and construction options increase performance, durability, and fuel efficiency.

Additionally, environmental sustainability considerations provide scope for bias tyre makers to develop green products or those derived from recycling materials. Customization has become one of the current trends as manufacturers attempt to meet specific application needs. Different types of industries have varying demands with regard to special designs for Bias Tires produced by manufacturers who respond accordingly. An example is seen in particular off-road conditions where tyres developed specifically for them are increasingly being used on agricultural machinery and construction equipment. Furthermore, automation coupled with advanced production processes improves efficiency during manufacturing reducing costs thereby influencing the whole growth of this market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Bias Tire Market Drivers

Rising Demand from Heavy-Duty Vehicles

Bias tires are becoming more and more in demand due to the growing sales and production of heavy-duty vehicles, such as trucks, buses, construction, and agricultural equipment. These vehicles need tires to efficiently transport high loads and offer reliability of operation on rough terrains. Thus, bias tires are the most suitable for these applications because of their durable build and high tolerance to torque. Among the reasons for escalating demand for heavy-duty vehicles and, subsequently, bias tires, one can single out the expansion of the construction and mining sectors, as well as e-commerce and logistics.

Technological Advancements in Bias Tire Design

Advancements in materials and manufacturing techniques are enhancing the performance and durability of bias tires. Manufacturers are incorporating innovative compounds and reinforcement materials to improve traction, reduce rolling resistance, and extend tire life. The adoption of advanced technologies, such as computer-aided design (CAD) and finite element analysis (FEA), enables engineers to optimize tire designs and reduce production defects. These technological advancements contribute to the overall cost-effectiveness and competitiveness of bias tires in the Bias Tire Market Industry.

Expanding Applications in Specialty Vehicles

Bias tires are gaining popularity in various specialty vehicles, including military vehicles, off-road vehicles, and agricultural equipment. These vehicles require tires that can perform reliably in challenging conditions, such as uneven surfaces, extreme temperatures, and high-impact loads. Bias tires provide the necessary traction and durability for these applications, making them a preferred choice for manufacturers and end-users alike.

Bias Tire Market Segment Insights:

Bias Tire Market Vehicle Type Insights

The Bias Tire Market is segmented by Vehicle Type as Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles. In 2023, the Passenger Cars segment witnessed the highest growth, contributing to 45% of the Bias Tire Market revenue. The growth in passenger cars is primarily attributed to the increased demand for these cars across the world market. The Light Commercial Vehicles segment is projected to show considerable growth in the forecast period on account of the increased use of light commercial vehicles for commercial and family purposes.The Medium and Heavy Commercial Vehicles segment is anticipated to grow at a steady pace because of the expanding applications of medium and heavy commercial vehicles in the construction, mining, and transportation industries. Overall, the Bias Tire Market is expected to grow in the forthcoming future. Factors such as the increased demand for passenger cars, light commercial vehicles, and medium and heavy commercial vehicles are expected to positively impact the growth of the market. Moreover, the increased demand for bias tires is also expected to boost the market on the grounds of durability and low-cost factors.The growth of this market will also gain from the government’s initiatives that vary from country to country to promote the use of tires in the economy. However, the market’s growth will be sidelined due to the lack of low resistance, which is characteristic of bias tires.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Bias Tire Market Tire Size Insights

The Tire Size segment plays a significant role in the Bias Tire Market. The segment is classified into four categories: 7.5 - 10 Inches, 11 - 15 Inches, 16 - 20 Inches, and 21 Inches and Above. Among these, the 11 - 15 Inches category held the largest market share, accounting for around 43.4% of the total revenue in 2023. This dominance is attributed to the extensive use of Bias Tires in passenger vehicles, which typically fall within this size range. The 16 - 20-inch category is projected to exhibit the highest growth rate during the forecast period, owing to the rising popularity of SUVs and pickup trucks, which often utilize Bias Tires in this size range.

The 7.5 - 10 Inches category is anticipated to witness steady growth, driven by demand from compact vehicles and two-wheelers. The 21 Inches and Above category is expected to hold a niche market share due to its specialization in high-performance vehicles. Overall, the Tire Size segment is poised for continued growth, driven by factors such as increasing vehicle production, technological advancements, and evolving consumer preferences.

Bias Tire Market Application Insights

The Bias Tire Market is segmented based on Application into On-road, Off-road, Industrial, and Agricultural. The On-road segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growing popularity of SUVs and light trucks is driving the demand for on-road bias tires. The Off-road segment is also expected to witness significant growth, owing to the increasing popularity of off-road and adventure vehicles. The Industrial segment is expected to grow steadily due to the increasing demand for bias tires in industrial applications such as construction and mining.

The Agricultural segment is also expected to witness moderate growth, owing to the increasing demand for bias tires in agricultural applications. The Bias Tire Market revenue for the On-road segment is expected to reach USD 12.34 Billion by 2030, growing at a CAGR of 5.1%. The Off-road segment is expected to reach USD 4.32 Billion by 2030, growing at a CAGR of 4.4%. The Industrial segment is expected to reach USD 2.89 Billion by 2030, growing at a CAGR of 4.3%. The Agricultural segment is expected to reach USD 2.75 Billion by 2030, growing at a CAGR of 4.2%.

Bias Tire Market Tread Pattern Insights

The Bias Tire Market segmentation by Tread Pattern includes Ribbed, Lugged, and Mixed. The Ribbed segment is anticipated to capture a significant market share owing to its wide application in on-road vehicles, providing enhanced fuel efficiency and a comfortable ride. In 2023, the Ribbed segment accounted for around 45% of the Bias Tire Market revenue, valued at USD 6.4 billion. The Lugged segment is projected to exhibit steady growth due to its suitability for off-road terrains, offering improved traction and durability. The Mixed segment, combining features of both Ribbed and Lugged patterns, is gaining popularity in all-terrain vehicles.The Bias Tire Market segmentation by Tread Pattern offers valuable insights into the specific requirements and preferences of different vehicle types, enabling manufacturers to cater to the diverse needs of the industry.

Bias Tire Market Regional Insights

The regional segmentation of the Bias Tire Market provides insights into the market's geographic spread and performance in different regions. North America is expected to dominate the market with a significant share due to the presence of major automotive manufacturers and a large consumer base. Europe follows closely, driven by regulations promoting fuel efficiency and a growing demand for premium tires. The Asia Pacific region is projected to witness substantial growth, supported by the increasing production and sales of vehicles in emerging economies like China and India. South America and the Middle East and Africa (MEA) regions are expected to contribute a smaller share to the overall market, but they offer potential for growth as these regions continue to develop their automotive industries.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Bias Tire Market Key Players and Competitive Insights:

Major players in the Bias Tire Market industry are constantly striving for innovation and product development to gain a competitive edge. They are investing in research and development to introduce advanced materials and technologies that enhance tire performance and durability. The leading Bias Tire Market players are focused on expanding their global reach and establishing strategic partnerships to increase their market share. Mergers and acquisitions are prevalent in the Bias Tire Market development landscape as companies seek to consolidate their position and gain access to new markets and technologies. 

One of the leading companies in the Bias Tire Market, Michelin, is renowned for its commitment to innovation and technological advancements. The company has a wide range of bias tires designed for various applications, including agricultural, industrial, and off-road vehicles. Michelin's focus on sustainability and fuel efficiency has led to the development of tires that reduce rolling resistance and improve fuel consumption. With a strong global presence and a dedicated team of engineers, Michelin continues to push the boundaries of tire technology and set industry standards.

Another prominent player in the Bias Tire Market is Bridgestone. The company has a rich history of innovation and has consistently delivered high-performance tires for a diverse range of vehicles. Bridgestone's bias tires are known for their durability, traction, and puncture resistance. The company's commitment to quality and customer satisfaction has earned it a loyal customer base worldwide. Bridgestone actively invests in research and development to improve tire design, materials, and manufacturing processes, ensuring it remains at the forefront of the Bias Tire Market.

Key Companies in the Bias Tire Market Include:

• Hankook Tire Technology Co., Ltd.


• Continental AG


• Maxxis International


• Zhongce Rubber Group Co., Ltd.


• Kumho Tire Co., Inc.


• Yokohama Rubber Co., Ltd.


• Sailun Group Co., Ltd.


• Triangle Tyre Co., Ltd.


• Bridgestone Corporation


• Pirelli C. S.p.A.


• Cheng Shin Rubber Industry Co., Ltd.


• Sumitomo Rubber Industries, Ltd.


• Michelin


• Goodyear Tire Rubber Company


• Cooper Tire Rubber Company

Bias Tire Market Industry Developments

The Bias Tire Market is projected to reach USD 22.3 billion by 2032, exhibiting a CAGR of 4.82% during the forecast period. The growing demand for commercial vehicles, particularly in emerging economies, is a key driver of market growth. Bias tires offer advantages such as lower cost, durability, and better traction on rough terrain, making them suitable for heavy-duty applications.

Recent developments in the market include the introduction of new technologies to enhance tire performance and durability. For instance, manufacturers are focusing on developing tires with improved tread designs, advanced rubber compounds, and reinforced sidewalls. Additionally, there is a growing emphasis on sustainability, with manufacturers exploring the use of recycled materials and environmentally friendly production processes.

Bias Tire Market Segmentation Insights

• Bias Tire Market Vehicle Type Outlook
  
  
  
  • Passenger Cars
  
  
  • Light Commercial Vehicles
  
  
  • Medium and Heavy Commercial Vehicles
  
  
  
  


• Bias Tire Market Tire Size Outlook
  
  
  
  • 5 - 10 Inches
  
  
  • 11 - 15 Inches
  
  
  • 16 - 20 Inches
  
  
  • 21 Inches and Above
  
  
  
  


• Bias Tire Market Application Outlook
  
  
  
  • On-road
  
  
  • Off-road
  
  
  • Industrial
  
  
  • Agricultural
  
  
  
  


• Bias Tire Market Tread Pattern Outlook
  
  
  
  • Ribbed
  
  
  • Lugged
  
  
  • Mixed
  
  
  
  


• Bias Tire Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa