World Tires

Growth in the world tires market will total 4.1% annually through 2019 in unit terms.  Gains will be fueled by an increase in the number of vehicles in use, particularly in developing regions.  In addition, rising income levels and heightened economic activity will lead to higher annual vehicle mileage, thereby bolstering tire replacement rates.

This report segments the world tires industry by Market and Region.  Data is provided in million units.

Major tire markets include:

• Motor Vehicle

• Motorcycle

• Industrial & Other

Motor vehicle will remain the largest of these through 2019.  Fastest growth will be for industrial and other markets, driven by increased production and use of aircraft, and agricultural and industrial vehicles.

World regions and countries covered in the study include:

• North America 

• Western Europe 

• Asia/Pacific 

• Central & South America 

• Eastern Europe 

• Africa/Mideast 

The Asia/Pacific region will see the strongest advances among world regions through 2019.  Growth will be driven by rapid increases in light vehicles in use in China.

In most of the world, multinational corporations dominate tire production and sales.  However, tire production in China is dispersed among a large number of firms, including small suppliers and larger multinationals.  Key tire producers include Bridgestone, Cheng Shin Rubber Industries, Continental, Cooper Tire & Rubber, Giti Tire, Goodyear Tire & Rubber, Hangzhou Zhongce Rubber, Hankook Tire, Kumho Tire, Michelin Group, Pirelli, Sumitomo Rubber Industries, and Yokohama Rubber.