Heavy-Duty Tyre Market To Touch $39.37 Billion By 2034
- By TT News
- April 25, 2025
The global heavy-duty tyre market is undergoing robust growth, spurred by rising demand across construction, mining, agriculture and logistics. As heavy machinery usage intensifies, the need for tyres that offer durability, efficiency and safety is at an all-time high reveals a report by Towards Automotive Consultants.
In fact, the report states that the heavy-duty tyre market will grow from the current USD 29.21 billion in CY2025 to USD 39.37 billion by 2034.

This has prompted manufacturers to invest in advanced tread patterns, high-performance rubber compounds and smart tyre technologies that monitor pressure, temperature and wear in real-time.
Sustainability is another key trend. Industry leaders are increasingly using recycled and bio-based materials, while retreading – giving tyres a second life – is gaining traction as an eco-friendly, cost-effective solution. These innovations are helping fleet operators cut costs and reduce downtime in tough environments.
On the other hand, there are challenges too. The industry faces hurdles such as volatile raw material prices, stringent environmental regulations and operational setbacks from tyre failures. This is a challenge for tyre manufacturers to balance performance with affordability and compliance.
Emerging markets, especially in Asia-Pacific, are driving the next wave of expansion. Countries like China, India and Japan are seeing a surge in construction and industrial activity, reinforcing their dominance in both production and consumption of heavy-duty tyres. Meanwhile, North America is poised for rapid growth, thanks to infrastructure spending, booming e-commerce and advances in tyre tech focused on longevity and fuel efficiency.
Furthermore, construction machinery continues to lead demand, while mining equipment is expected to post significant gains. On the end-user front, OEMs remain dominant, but aftermarket sales are rising as operators prioritise tyre upgrades and retreading for aging fleets.
Infographic courtesy: Towards Automotive Consultants
CarbonX Co-Founder Daniela Sordi Appointed Fellow of Netherlands Academy of Engineering
- By TT News
- January 08, 2026
CarbonX has announced that Daniela Sordi, its Chief Technology Officer and co-founder, has been appointed a Fellow of the Netherlands Academy of Engineering, the country’s leading body representing excellence in engineering, technology and applied scientific innovation.
Sordi is one of 15 experts selected for the Fellowship, which recognises engineers who have demonstrated significant impact in their fields and who contribute to major societal transitions.
Sordi is internationally recognised for her work on advanced three-dimensional structured carbon materials designed to improve lithium-ion battery performance. She has more than 17 years of experience across research and industry, translating chemistry and materials science into manufacturing technologies.
At CarbonX, she has led the development of battery materials that the company says charge faster, last longer and are up to five times more sustainable than conventional synthetic graphite. Under her technical leadership, the company has secured funding from the European Innovation Council Accelerator and advanced efforts to strengthen Europe’s autonomy in energy-storage materials.
“Daniela’s appointment to the NAE is an outstanding recognition of her ability to bridge groundbreaking science with high-impact industrial innovation,” said Rutger van Raalten, chief executive of CarbonX. “Her work lies at the core of our mission to enable cleaner, more efficient, and more sustainable energy technologies on a global scale.”
The appointment also highlights Ms Sordi’s role as a visible advocate for engineering careers, particularly for women entering deep technology and advanced materials. Her career is frequently cited as an example for students pursuing technical and innovation-led professions.
The Netherlands Academy of Engineering brings together senior engineers from academia, industry and applied research. Its members contribute to national and international innovation agendas and advise on technological responses to challenges such as climate, energy, health and digitalisation.
Toyo Tires Breaks Barrier With Concept Tyre Using 96.5% Sustainable Materials
- By TT News
- January 08, 2026
Toyo Tires has achieved a new benchmark in sustainable tyre design with a concept model composed of 96.5 percent renewable and recycled materials. This marks the company’s highest sustainable content to date, surpassing its own previous 90 percent sustainable concept and demonstrating ongoing progress in substituting traditionally hard-to-replace components without sacrificing performance.
The materials are categorised as either renewable, constituting 61.5 percent of the tyre, or recycled, making up the remaining 35 percent. Renewable inputs are derived from biomass and plants, including specialised rubbers, polyester fibres, silica from rice husk ash and oils. The recycled portion incorporates carbon black, steel components and a novel CO₂-derived rubber developed with the University of Toyama. A key technical breakthrough involved successfully integrating recycled sulphur and zinc oxide, which are vital to the tyre manufacturing process and have historically presented significant replacement challenges. This integration was accomplished using the company’s established production and compounding expertise.
This concept represents a critical step toward Toyo Tire’s publicly stated goals of utilizing 40 percent sustainable materials by 2030 and achieving full 100 percent adoption by 2050. Beyond its material composition, the tire has also earned a top-tier ‘AAA’ rolling resistance rating in Japan. This high rating signifies extremely low energy loss during operation, which can help extend electric vehicle driving range and reduce overall lifecycle greenhouse gas emissions.
Moving forward, Toyo Tire intends to advance its research and technical development with the objective of transitioning these innovative material applications and design principles into future commercial products. This effort is part of the company’s broader commitment to fostering a more sustainable mobility ecosystem.
Shakti Cords Appoints Purushothama Kini As Managing Director
- By TT News
- January 07, 2026
Shakti Cords Pvt. Ltd has appointed Purushothama Kini as managing director of Shakti Cords and its group companies, marking a leadership transition at the textile reinforcements manufacturer.
Kini brings more than three decades of experience in the industrial and technical textile sector. His background includes manufacturing excellence, operational transformation, quality systems and global customer engagement.
The company said his leadership experience in driving sustainable growth, strengthening processes and supporting organisational development would be a key asset as Shakti Cords continues to position itself as a reliable partner to customers.
Shakti Cords was established in 2003 and manufactures textile reinforcements for the rubber industry. Its product range includes single-end dipped cords, industrial hose yarns and single-end tyre cords made from polyester, aramid, PVA, nylon 6/66 and rayon. These materials are used in power transmission belts, industrial hoses and performance tyres.
The company said the use of high-modulus, low-shrinkage dipped cords and high-tenacity braiding yarns improves strength and operational performance across these applications.
Shakti Cords, as per the company website, has a total production capacity of 3,000 tonnes a year for single-end dipped cords and dipped industrial hose yarns. It holds the largest share of the Indian market for dipped single-end yarns and cords.
OTR Engineered Solutions Appoints Oscar Torres As New President And CEO
- By TT News
- January 05, 2026
OTR Engineered Solutions has named Oscar Torres as its new President and Chief Executive Officer, effective 5 January 2026. With over 25 years of executive leadership, primarily within private equity–backed aerospace aftermarket firms, Torres possesses substantial industry expertise.
His extensive career was largely spent at Kellstrom Aerospace, where he progressed through roles such as Chief Financial Officer, Chief Operating Officer and ultimately Chief Executive Officer. In these capacities, he was instrumental in enhancing operational performance and fostering sustainable growth. His strategic direction included overseeing several acquisitions and divestitures, which solidified the company's position as a premier global supply-chain solutions provider for a wide range of aviation clients.
Torres's academic credentials include a Bachelor of Accounting from Florida International University and an MBA from the University of Miami. He is also a Certified Public Accountant. The organisation anticipates that his leadership will guide OTR in maintaining its commitment to delivering high-quality solutions and exceptional service to its clientele.
Hector Ramirez, Interim President of OTR, said, “Oscar’s proven leadership, collaborative approach, and deep industry knowledge make him exceptionally well suited to lead OTR into its next phase of growth. We are excited to welcome him and are confident in the value he will bring to our customers, partners and stakeholders.”

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