2025 Commercial Vehicle Tire Market

In 2025, the global commercial vehicle tire market, driven by a complex trade environment and the recovery of the domestic industry, exhibited distinct characteristics of "overall growth, structural differentiation, and a coexistence of opportunities and challenges."

Key data shows that leading domestic tire companies performed exceptionally well, the global market size steadily expanded, and demand differences across regional markets and product structure upgrades became key themes throughout the year.

Domestically, commercial vehicle tire sales saw significant growth in 2025, primarily driven by the recovery in commercial vehicle production and sales and the rebound in logistics demand. In the first half of the year, my country's commercial vehicle production and sales reached 2.099 million and 2.122 million units respectively, representing year-on-year increases of 4.7% and 2.6%, directly boosting the demand for all-steel tires by 4.7% year-on-year, with an estimated demand of 14.7 million units in the first half of the year.

The heavy-duty truck market's eight consecutive months of growth was a key engine, with November sales approaching 100,000 units, a year-on-year increase of nearly 50%, bringing over 1.27 million new orders for all-steel tires in October alone.

Entering the third quarter, the industry experienced a sales peak, with 11 listed tire companies achieving quarterly sales exceeding 45 billion yuan, a year-on-year increase of nearly 14%. Among them, Zhongce Rubber, Sailun, and Linglong remained the top three domestic companies. Zhongce Rubber's sales in the first three quarters reached 33.68 billion yuan, a year-on-year increase of 14.98%, and its commercial vehicle tire sales volume climbed to first place globally.

The resilient growth of the export market provided important support for overall sales throughout the year. Despite uncertainties brought by factors such as tariffs and geopolitical conflicts, the tariff deferral period following the US-China trade negotiations allowed domestic tire companies to successfully secure a large number of US orders, and overseas bases also saw a surge in orders due to tariff advantages. In the first 10 months of 2025, China's rubber tire exports reached 134.8 billion yuan, a year-on-year increase of 3.8%.

The overseas markets showed a divergent trend: the US market performed steadily, with replacement truck tire shipments expected to increase by 7.9% year-on-year; while demand in the European market was weak, with truck and bus tire shipments declining by 4% year-on-year in the third quarter, mainly due to the sluggish local economy and the impact of increased imported tires.

Product structure upgrading has become the core driving force for sales growth. With the penetration rate of new energy commercial vehicles historically exceeding 30%, low rolling resistance and high load-bearing capacity specialized tires have become a new blue ocean market, with Double Star Group's sales of low rolling resistance replacement products increasing by 30% year-on-year.

Meanwhile, high-tech products such as all-steel giant tires performed exceptionally well. Sailun Tire's all-steel giant tire production ranked among the top five in China. These high-value-added products effectively withstood the impact of cost fluctuations.

In terms of pricing, the industry generally implemented a price increase strategy. Fengshen Tire's all-steel tire unit price exceeded 1100 yuan, an increase of over 7% year-on-year, while Double Coin Tire maintained a high average price of 650 yuan per tire.

It is worth noting that challenges remain behind industry growth. Despite the increase in both sales volume and revenue, profit pressure cannot be ignored. The total profit of 11 listed tire companies in the first three quarters declined by 17.02% year-on-year, mainly due to the squeeze from raw material prices, exchange rate fluctuations, and tariff costs.

Global competition is intensifying, with international giants like Michelin and Bridgestone collectively holding over 45% of the global market share. While domestic companies have increased their share to around 35% thanks to cost and production capacity advantages, they still need breakthroughs in technological research and development.

Overall, commercial vehicle tire sales are projected to achieve both volume and value growth by 2025, supported by both domestic market recovery and resilient exports. Product upgrades are paving the way for high-quality development.

For companies, seizing opportunities in the new energy commercial vehicle market, optimizing global production capacity layout, and increasing the proportion of high-value-added products will be key to capitalizing on the next growth cycle.