Commercial Tyre and Bus Axle Markets Forecast Strong Growth to 2035

A market study by Radial Insights projects the global commercial tyre market to grow from $48.82 billion in 2025 to $77.17 billion by 2035, a compound annual growth rate of 4.63%. Asia‑Pacific accounts for 43.58% of the market, driven by surging e‑commerce, electrification of delivery fleets and major infrastructure spending.

Fortune Business Insights estimates the global bus axle market at $959 million in 2025 and expects it to reach $1.48 billion by 2034, a 5.2% CAGR. Asia‑Pacific holds a 70.19% share, with growth fueled by expanding public‑transport investments, urbanisation, and the shift to electric and lightweight axle designs. In October 2025 ZF introduced new A134 and AV134 bus‑axle models at Busworld Europe, highlighting the industry’s move toward modular, energy‑efficient solutions.