세계 소형 상용차용 타이어 시장 규모는 2023년 303억 3,000만 달러에서 2031년 478억 7,000만 달러에 달할 것으로 예상되며, 예측 기간인 2024-2031년 동안 연평균 5.87% 성장할 것으로 예상됩니다. 이 시장은 최근 몇 년 동안 괄목할 만한 성장세를 보였으며, 상용차 생산 및 판매 증가, E-Commerce 부문의 급성장, 편의성에 대한 요구 증가, 개인화 추세 등으로 인해 앞으로도 견고한 성장세를 유지할 것으로 예상됩니다. 픽업 밴, 픽업 트럭, 소형 버스 등의 생산량이 크게 증가함에 따라 소형 상용차용 타이어에 대한 수요가 증가하고 있습니다. 또한, 물류의 발전과 발전, 정부의 대중 교통에 대한 막대한 투자로 인해 세계 소형 상용차용 타이어 시장의 성장이 가속화되고 있습니다. 급속한 도시화, E-Commerce의 혁신과 발전, 소규모 비즈니스 활동의 확대, 정부의 엄격한 규제 강화 등의 요인으로 인해 예측 기간 동안 소형 상용차용 타이어에 대한 수요가 크게 증가했습니다.
신흥국의 경제 성장과 산업화는 전 세계 소형 상용차(LCV) 시장 성장의 주요 촉진요인으로 입증되고 있습니다. 경제와 비즈니스의 확장으로 인해 한 장소에서 다른 장소로 물품을 이동하기 위한 효율적인 운송 솔루션이 필요하며, 이는 소형 상용차용 타이어에 대한 수요를 더욱 증가시키고 있습니다. 소형 상용차는 내구성, 연비, 적재 능력 면에서 효율적이기 때문에 LCV의 사용률이 증가하면서 소형 상용차용 타이어 시장의 수요를 더욱 증가시키고 있습니다. 소형 상용차는 이산화탄소 배출과 연료 소비가 적기 때문에 정부의 이산화탄소 배출에 대한 규제와 기준은 소형 상용차의 수요를 증가시키고 있습니다. 세계 소형 상용차용 타이어 시장의 제조업체들은 소형 상용차용 타이어를 위한 고효율 타이어를 출시하고 있습니다.
예를 들어, 2023년 7월, Goodyear Tire & Rubber Company는 2023년 말까지 내구성과 신뢰성을 제공하는 소형 상용차용 타이어 라인업을 확장할 것이라고 발표했습니다. 이 확장을 통해 Goodyear는 10년 동안 성장하고 차량은 다운 타임을 줄임으로써 비용을 절감 할 수 있습니다.
물류 활동 증가와 E-Commerce 서비스 확대가 시장 성장을 견인
세계의 도시화 추세는 인구 밀집 지역에서의 물류 수요 증가에 대응하기 위해 소형 상용차에 대한 수요를 증가시키고 있습니다. 도시가 혼잡해짐에 따라 효율적이고 신뢰할 수 있는 라스트 마일 배송 서비스에 대한 수요가 증가하고 있으며, E-Commerce의 증가와 신속하고 효과적인 배송에 대한 요구가 높아짐에 따라 도시 물류에서 LCV의 중요성이 더욱 강조되고 있습니다. LCV는 물류센터에서 최종사용자까지 물품을 운반하는 데 중요한 역할을 하기 때문에 다양한 도로 조건에서 잦은 정차 및 출발에 효율적이고 신뢰할 수 있는 고성능 타이어에 대한 요구가 증가하고 있습니다. 배송 결정에 특별히 최적화된 타이어에 대한 요구가 소형 상용차용 타이어 시장의 성장을 견인하고 있습니다. 주요 시장 참여자들은 수명이 길고 내구성이 뛰어난 상용차 타이어를 출시하고 있습니다.
예를 들어, 2024년 3월, Toyo Tire Corporation은 비포장 도로에서 고하중을 견딜 수 있는 전천후 견인력을 제공하는 상업용 소형 트럭용 타이어인 Toyo M655를 출시했습니다. 이 타이어는 E-balance 기술로 제작되어 온로드/오프로드의 가혹한 조건에서 차량을 지원할 수 있습니다.
저연비 LCV에 대한 수요 증가로 시장 수요 촉진
세계 각국 정부는 저연비 소형 상용차 보급을 촉진하기 위해 다양한 환경 규정과 규제를 도입하여 차량 운영자들이 지속가능성과 연비 효율을 비즈니스의 우선순위로 삼을 수 있도록 하고 있습니다. 소규모 사업, 물류 및 라스트마일 배송 분야에서는 내구성, 응답성, 다양한 주행 조건에서 안정적인 견인력 등 효과적인 품질로 인해 연비 효율성이 높은 소형 상용차에 대한 수요가 증가하고 있습니다. 물류 및 E-Commerce에서 LCV에 대한 수요가 증가함에 따라 타이어 제조업체는 탄소 배출량 감소와 연료 절약에 기여하기 위해 회전 저항이 낮은 타이어를 많이 개발하고 있습니다.
이 보고서는 세계 소형 상용차용 타이어 시장에 대해 조사 분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업 현황과 전망 등을 전해드립니다.
Global light commercial vehicle tire market is anticipated to observe a CAGR of 5.87% in the forecast period 2024-2031, growing from USD 30.33 billion in 2023 to USD 47.87 billion in 2031. The market has witnessed significant growth during recent years and is estimated to maintain a strong pace of expansion in the coming years due to an increase in production and sales of commercial vehicles, rapid growth of the e-commerce sector, growing demand for convenience, and a rapid trend of personalization. The significant increase in the production of pickup vans, pickup trucks, light buses, and others has led to an increase in demand for light commercial vehicle tires. Also, considerable development and advancement in logistics and high investment by the government in public transportation are driving the growth of the global light commercial vehicle tire market. Due to factors including rapid urbanization, innovations and advancement in e-commerce, expansion in small business activities, and growing strict government regulations, the demand for light commercial vehicle tires is growing significantly in the forecast period.
Economic growth in emerging countries and industrialization have proved to be a key driver in the global light commercial vehicle (LCV) market growth because expansion in economies and businesses demand efficient transportation solutions for moving goods from one place to another, further resulting in a growing demand for LCV tires. Light commercial vehicles are efficient in offering durability, fuel efficiency, and load-carrying capacity; hence, usage of LCVs is rising, further surging the demand for light commercial vehicle tire market. Government regulations and standards on carbon emission drive the demand for light commercial vehicles because these are efficient in emitting less carbon and fuel consumption. The manufacturers in the global light commercial vehicle tire market are introducing tires that are highly efficient for light commercial vehicles.
For instance, in July 2023, Goodyear Tire & Rubber Company announced the expansion of light commercial vehicle tire ranges throughout 2023 that offer durability and reliability. This expansion helps Goodyear grow throughout this decade and allows fleets to accomplish cost savings through reduced downtime.
Growing Logistic Activities and Expanding E-Commerce Services Push Market Growth
The global trend of urbanization has increased the demand for light commercial vehicles to address the rising need for logistics across densely populated locations. As urban locations become more crowded, the requirement for efficient and reliable last-mile delivery services has become predominant. The increase in e-commerce and the rising requirement for fast, effective deliveries have further emphasized the significance of LCVs in urban logistics. These vehicles are important for urban goods transportation and making frequent stops. Since LCVs are important in moving goods from distributor centers to end-users, there is a growing demand for reliable and high-performance tires that are efficient in making frequent stops and starts at different road conditions. The requirement for tires specifically optimized for delivery determinations propels the expansion of the light commercial vehicle tire market. Key participants in the market are launching tires for commercial vehicles that offer longevity and resilience.
For instance, in March 2024, Toyo Tire Corporation announced the launch of the Toyo M655 tire for commercial light trucks that offers all-weather traction under heavy loads on unimproved roads. These tires are manufactured with E-balance technology to aid vehicles that meet extreme on-/off-road conditions.
Growing Demand for Fuel-Efficient LCVs Drive Market Demand
In emerging countries, governments across the globe are introducing different environmental rules and regulations to promote fuel-efficient light commercial vehicles and allow fleet operators to prioritize sustainability and fuel efficiency in their operations. In small business operations, logistics, and last-mile delivery, the demand for fuel-efficient light commercial vehicles rises because they have effective qualities, including durability, responsiveness, and dependable traction in a series of different operating conditions. Due to the growing demand for LCVs from logistics and e-commerce, manufacturers of tires are developing tires with low rolling resistance significantly to contribute to fuel savings coupled with reduced carbon emissions.
For instance, in April 2024, Continental AG announced the launch of the fifth-generation Conti Eco tire line for freight transportation to address the growing demands of consumers in the transport sector and a dynamic regulatory environment.
Strict Regulations Concerning Vehicle Safety Surges Demand for LCV Tires
Governments across the globe are introducing different policies and strict safety regulations concerning less carbon emission, vehicle safety, and passenger safety. These regulations and safety standards are compelling vehicle and tire manufacturers to manufacture cost-effective tires and vehicles by prioritizing safety features in their offerings. Tire manufacturers are investing in different research and development activities to incorporate safety technologies and features in tires, confirming that produced tires comply with strict safety standards to offer a safe driving experience. In addition, governments are introducing new regulations and proposed changes to benefit the customers and ensure their safety.
For instance, in November 2023, the U.S. Environmental Protection Agency (EPA) proposed changes to the National Emission Standards for Hazardous Air Pollutants for Rubber Tire Manufacturing, as mandated by the Clean Air Act. To guarantee that all hazardous air pollutant emissions from sources within this category are regulated, the EPA is introducing emissions standards specifically for the rubber tire manufacturing industry. This subcategory is presently the only unregulated segment within the Rubber Tire Manufacturing source category.
Agriculture Segment Dominates the Global Market by Application
The agriculture segment registers the largest market revenue share in the global light commercial vehicle tires market, more significantly due to rising demand for lightweight agriculture tractors, growing labor costs, and the adoption of agricultural machinery tools for farm operations. In addition, in the agriculture sector, the introduction of internal combustion tractors and engines as power sources brought about a revolution by covering large agricultural fields during a short period, which resulted in increasing the demand for tires in the forecast period. Thereby, manufacturers of tires are launching new and cost-effective tires that offer long tire life and ensure better braking capabilities.
For instance, in May 2023, Yokohama Rubber Co., Ltd. announced the launch of AGRI STAR II R-I, a new and advanced agriculture tire in India, to address the rising demands of today's tractor owners. This launch offers excellent roadability, superior traction, low soil compaction, better braking capability, and excellent roadability.
Asia-Pacific Registers the Largest Market Share in the Global Market
Asia-Pacific registers the largest market share in the global light commercial vehicle tire market due to a boom in the e-commerce sector, rapid urbanization, and robust economic growth. Emerging countries in Asia-Pacific are seeking advancements in tire technology and creating different growth opportunities in the forecast period. In China, a significant increase in the electrification of commercial vehicles is also estimated to propel the growth of the light commercial vehicle tire market. Also, in Asia-Pacific countries, rapid urbanization is projected to be a key factor in the increase in light commercial vehicles, which resulted in improving the requirement for tires in the forecast period. Manufacturers of tires are announcing the launch of new tires to address the growing number of consumers in Asia-Pacific.
For instance, in April 2023, Continental AG announced the launch of the MaxContact MC7 tire, which is designed for urban landscapes and is personalized to fulfill the requirements of Asia-Pacific drivers. This launch is engineered as a high-performance sporty tire that addresses the requirement of drivers who look at the thrill from their driving daily.
Future Market Scenario (2024 - 2031F)
In emerging countries, rapid urbanization and infrastructure development spurring a parallel increase in LCV tire requirements.
The significant increase in e-commerce and logistics activities is driving the growth of the global light commercial vehicle tire market in the forecast period.
Incorporation of smart technologies into tires to improve performance and safety driving the demand for light commercial vehicle tires.
Government rules and regulations concerning carbon emission and road safety drive the requirement for the light commercial vehicle tire market.
Key Players Landscape and Outlook
Key companies in the global light commercial vehicle tire market are efficiently funding different research and development activities to enhance the functionality and durability of the product. Companies are also working on exploring tire recycling and the usage of renewable resources to decrease the environmental impact on the manufacturing of tires and sustain wider objectives of the automotive industry. In addition, giant market players are adopting different market growth opportunities, including joint ventures, mergers and acquisitions, new product launches, amalgamation, and others to expand their footprint, consumer base, and product portfolio.
In November 2022, Bridgestone Tire Co., Ltd announced the launch of its Bridgestone Duravis van tyre in Ireland to offer maximum efficiency during daily operating conditions and minimize downtime.
In January 2024, TDK Electronics AG announced a collaboration with Goodyear to advance tire intelligence technologies. This collaboration aims to accelerate the development and implementation of integrated intelligent software and hardware into vehicle and tire ecosystems.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.