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Commercial Vehicle Tire Cords Market Size, Value And Growth Trajectory Through 2030
The commercial vehicle tire cords market size has grown strongly in recent years. It will grow from $5.26 billion in 2025 to $5.59 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growth in commercial vehicle production, expansion of logistics industry, demand for heavy-load tires, adoption of reinforced tire designs, infrastructure development.
The commercial vehicle tire cords market size is expected to see strong growth in the next few years. It will grow to $7.05 billion in 2030 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing freight transportation, electric commercial vehicle adoption, demand for fuel-efficient tires, growth of long-haul logistics, advancements in tire material technology. Major trends in the forecast period include shift toward high-tensile steel cords, growing use of aramid cords, demand for lightweight reinforcement materials, expansion of oem supply agreements, focus on tire durability enhancement.
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Commercial Vehicle Tire Cords Market Growth Backed By Core Demand Fundamentals
The increasing demand for commercial vehicles is expected to propel the growth of the commercial vehicle tire cords market going forward. Commercial vehicles are motor vehicles that are primarily used for business purposes rather than personal use and are designed to transport goods, cargo, or passengers for commercial purposes. The rise of commercial vehicles is due to people’s increasing need for efficient transportation of goods and services across various industries. Commercial vehicle tire cords help commercial vehicles by allowing improved durability, strength, and load-bearing capacity to withstand the heavy demands of long-distance and high-load transportation. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT, a UK-based trade association representing the interests of the automotive industry), in 2023, UK demand for new light commercial vehicles (LCVs) surged 21.0%, reaching a total of 341,455 units. Therefore, the increasing demand for commercial vehicles is driving the growth of the commercial vehicle tire cords market.
Commercial Vehicle Tire Cords Market Segmentation: How Does The Market Break Down By Category?
The commercial vehicle tire cords market covered in this report is segmented –
1) By Type Of Cord: Steel Cords, Fabric Cords, Polyester Cords, Aramid Cords, Other Type Of Cords
2) By Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles, Buses And Coaches
3) By Distribution Channel: Direct Sales, Distributors Or Wholesalers, Online Retail, Original Equipment Manufacturers (OEMs)
4) By Application: On-Road Applications, Off-Road Applications, Urban Commercial Transportation, Long-Distance Hauling
Subsegments:
1) By Steel Cords: High-Tensile Steel Cords, Low-Tensile Steel Cords, Stainless Steel Cords, Galvanized Steel Cords
2) By Fabric Cords: Nylon Fabric Cords, Polyester Fabric Cords, Rayon Fabric Cords, Cotton Fabric Cords
3) By Polyester Cords: High-Strength Polyester Cords, Low-Strength Polyester Cords
4) By Aramid Cords: Para-Aramid Cords, Meta-Aramid Cords
5) By Other Types Of Cords: Glass Fiber Cords, Carbon Fiber Cords, Polyamide Cords
Commercial Vehicle Tire Cords Market Growth Trends Reshaping The Competitive Landscape
Major companies operating in the commercial vehicle tyre cords market are focusing on developing innovative solutions, such as sustainable nylon tyre cord fabrics, to reduce environmental impact and enhance tire performance. Sustainable nylon tyre cord fabrics are tire-reinforcing materials made from recycled or eco-friendly nylon, helping reduce waste, conserve natural resources, lower environmental impact, and maintain high tire strength, durability, and performance across various commercial vehicle applications. For instance, in January 2023, Century Enka Limited, an India-based manufacturing company, launched commercial production of NTCF made from 100% recycled nylon waste for use by Apollo Tyres across selected ranges, including light and heavy commercial vehicle applications. In this innovation, in-process nylon waste generated at Century Enka’s plants is depolymerised back to caprolactam, extensively purified, and then re-polymerised and spun into high-tenacity industrial yarn that is woven and RFL-dipped to form tyre cord fabric with mechanical properties comparable to traditional virgin-nylon cords used in truck and bus tyres. The fabric provides the same reinforcement, dimensional stability and impact resistance needed to support high axle loads in commercial fleets, while its recycled content and GRS certification help tyre makers credibly report reductions in crude-oil use and embedded CO2 per tyre.
Commercial Vehicle Tire Cords Market Competitive Overview And Top Companies
Major companies operating in the commercial vehicle tire cords market report include Continental AG, Bridgestone Corporation, Michelin Group, Goodyear Tire And Rubber Company, Toray Industries, Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., Hankook Tire And Technology Co. Ltd., Bekaert, ZC Rubber Group Co. Ltd., Sailun Group Co. Ltd., Kolon Industries, Toyo Tire Corporation, Apollo Tyres Ltd., Giti Tire Pte. Ltd., Kumho Tire Co. Inc., Hyosung Corporation, SRF Ltd, Nokian Tyres plc, Triangle Tyre Co. Ltd., Double Coin Holdings Ltd., Maxxis International, Linglong Tire.
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Commercial Vehicle Tire Cords Market Regional Analysis And Top Geography
Asia-Pacific was the largest region in the commercial vehicle tire cords market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle tire cords market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
