The global demand for Bias Tire Market is presumed to reach the market size of nearly USD 38.34 BN by 2030 from USD 30.41 BN in 2022 with a CAGR of 2.94% under the study period 2023 - 2030. Regarding volume, the market was calculated XX Units in 2022 and forecast to touch XX Units by 2030 with a CAGR of XX% during 2023-2030.
A bias tire, also known as a bias-ply tire, is a type of tire construction that has been widely used in the past but has been largely replaced by radial tires in modern vehicles. These are constructed with multiple layers of fabric cords, typically nylon, polyester, or rayon, arranged diagonally at an angle to the tire's tread centerline. The cords crisscross each other in a crisscross or bias pattern, which gives the tire its name.
Market Dynamics
The bias tire market has witnessed a decline in recent years as radial tires have become the standard in the automotive industry. However, certain factors continue to drive its demand for specific applications. These are preferred in niche segments such as off-road vehicles, agricultural machinery, industrial equipment, and vintage vehicles due to their durability, resistance to impacts, and ability to handle heavy loads. Cost considerations also play a role, as bias tires are generally less expensive to produce than radial tires. This affordability appeals to cost-sensitive industries and budget-conscious consumers. Additionally, some vehicle manufacturers still specify bias tires for certain models, particularly in off-road or heavy-duty applications, driving demand for replacement tires that match the original specifications. These also find a market in the replacement segment for older vehicles that were originally equipped with bias tires. Maintaining originality, especially in vintage or classic vehicles, is often prioritized over performance improvements.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of bias tire. The growth and trends of bias tire industry provide a holistic approach to this study.
Market Segmentation
This section of the bias tire market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- General Bias Tires
- Bias-Belted Tires
By Tire Size
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Tractors
- Construction & Mining Vehicles
- Industrial Vehicles
By Sales Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Bias Tire market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Bias Tire Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the bias tire market include Bridgestone Corporation, MICHELIN, The Goodyear Tire & Rubber Company, Continental AG, Cooper Tire & Rubber Company, YOKOHAMA, Rubber CO. Ltd., Pirelli & C S.p.A., JK Tire & Industries Ltd, Sumitomo Tires, Giti Tires, Hankook Tire & Technology Co. Ltd., KUMHO Tire, and Apollo Tyres Ltd., KUMHO Tire., BKT Tire, Toyo Tires, ZC Rubber. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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