The Global Automotive Tires Market is currently valued at approximately USD 20.01 billion in 2024 and is forecast to expand at a CAGR of 2.10% over the forecast period 2025 to 2035, reaching nearly USD 25.15 billion by 2035. Tires, acting as the only contact point between vehicles and road surfaces, play an indispensable role in ensuring driving safety, fuel efficiency, and ride comfort. This market has evolved beyond being just a component of automotive assembly; it has transformed into a dynamic segment shaped by technological enhancements, shifting consumer expectations, and stringent regulatory frameworks. While automakers continuously innovate around powertrains and materials, tire manufacturers are investing deeply in R&D to offer high-performance, season-specific, and eco-friendly tire variants designed to withstand the diverse pressures of contemporary road conditions.
The rising global demand for passenger cars and light commercial vehicles, paired with growth in fleet operations and last-mile logistics, continues to drive the need for durable and versatile tire solutions. The market is further bolstered by innovations such as run-flat technology, noise-reduction treads, and intelligent tire monitoring systems. Seasonal variations have prompted a surge in demand for winter-specific and all-season tires, particularly in Europe and North America. At the same time, rapid urbanization in developing regions is inflating the sales of small cars and two-wheelers, boosting the volume demand for compact and affordable tire options. Another strong contributor to growth is the increased awareness surrounding tire maintenance and retreading, especially in commercial fleets, offering a cost-effective alternative while extending lifecycle and reducing waste.
Geographically, North America remains a mature and influential market owing to its strong automotive aftermarket and seasonal climate variations that necessitate tire replacements. The United States is leading with significant traction in performance and winter tires. In Europe, environmental regulations and mandatory winter tire adoption in several countries are strengthening seasonal tire demand. Meanwhile, the Asia Pacific region is anticipated to witness the most rapid growth throughout the forecast period, driven by soaring vehicle production in China, India, and Southeast Asia. High population density, expanding middle class, and infrastructure development are escalating automotive demand, thereby fueling tire sales. Additionally, Asia is emerging as a key manufacturing hub due to cost efficiency and supportive trade policies, catalyzing OEM and aftermarket tire supply globally.
Major market player included in this report are:
• Bridgestone Corporation
• Michelin Group
• The Goodyear Tire & Rubber Company
• Continental AG
• Pirelli & C. S.p.A.
• Yokohama Rubber Company
• Hankook Tire & Technology Co., Ltd.
• Sumitomo Rubber Industries, Ltd.
• Apollo Tyres Ltd.
• Nokian Tyres plc
• MRF Limited
• Toyo Tire Corporation
• CEAT Limited
• Kumho Tire Co., Inc.
• Giti Tire
Global Automotive Tires Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segments of the market are explained below:
By Rim Size:
• 13–15”
• 16–18”
• 19–21”
• Above 21”
By Aspect Ratio:
• Below 60
• 60–70
• Above 70
By Section Width:
• Below 200 mm
• 200–230 mm
• Above 230 mm
By Season:
• Summer
• Winter
- Studded
- Non-Studded
• All-Season
By Vehicle Type:
• Two-Wheelers
• Passenger Vehicles
• Commercial Vehicles
By Retreading:
• Retreaded Tires
• New Tires
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook