According to Cognitive Market Research, the global trailer tires market size is USD 15214.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 6085.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 4564.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3499.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 760.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 304.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
The heavy-duty trailer segment is set to rise due to the growing industries, infrastructure evolution, and logistics fueling this market, with durability, load capacity, and fuel efficiency being key driver considerations.
Growing need for durable and high-performance tires, improved recreational and commercial trailer use, advancements in tire technology, and a rising emphasis on safety and efficiency in towing applications.
