Credence Research Logo

Home » Automation & Process Control » Tires Market

Tires Market By Product Type (Special Vehicle Tires, Passenger Car Tires, Light Truck Tires, Motorcycle Tires); By Demand (OEM, Replacement); By Type of Tires (Radial, Bias); By Tube Type (Tube, Tubeless); By Distribution Channel (Dealer/Exclusive Outlets, Online, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Report ID: 93134 | Report Format : Excel, PDF

Market Overview

The tire market size was valued at USD 329.5 billion in 2024 and is projected to reach USD 462.9 billion by 2032, growing at a CAGR of 4.34% during the forecast period (2024–2032).

REPORT ATTRIBUTE DETAILS
Historical Period 2020-2023
Base Year 2024
Forecast Period 2025-2032
Tires Market Size 2024 USD 329.5 billion
Tires Market, CAGR 4.34%
Tires Market Size 2032 USD 462.9 billion

 

The tire market is dominated by major players including Bridgestone Corporation, Michelin, Continental AG, The Goodyear Tire & Rubber Company, and Pirelli Tyre S.p.A, supported by strong regional manufacturers such as Apollo Tyres, MRF, Hankook, and Yokohama Rubber. These companies lead through innovation in radial and sustainable tire technologies, extensive global distribution, and strong OEM partnerships. Asia-Pacific emerged as the leading region, holding a 41% market share in 2024, driven by high vehicle production in China, India, and Japan. Europe followed with 24%, supported by strict environmental standards and premium vehicle manufacturing, while North America accounted for 26%, led by robust replacement demand and growing electric vehicle adoption.

Tire Market size

Market Insights

  • The global tire market was valued at USD 329.5 billion in 2024 and is projected to reach USD 462.9 billion by 2032, growing at a CAGR of 4.34% during the forecast period.
  • Rising vehicle production, expanding logistics, and growing replacement demand are key drivers fueling tire market growth across passenger and commercial segments.
  • The market is witnessing trends such as the adoption of smart tire technologies, sustainable materials, and EV-specific designs enhancing performance and energy efficiency.
  • Major players like Bridgestone, Michelin, Continental, Goodyear, and Pirelli dominate global competition through innovation, R&D investment, and global distribution networks.
  • Asia-Pacific led the market with a 41% share, followed by North America at 26% and Europe at 24%; the passenger car tire segment accounted for the largest share of 48%, driven by urbanization and rising consumer demand for fuel-efficient, durable tires.

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research Inc.!

Download Sample

Market Segmentation Analysis:

By Vehicle Type

Passenger car tires held the dominant share of 48% in 2024, driven by rising global vehicle ownership and demand for fuel-efficient tires. Growth in urban mobility and expansion of electric passenger car fleets further boosted this segment. Manufacturers are investing in advanced tread compounds and low-rolling-resistance technologies to improve mileage and reduce emissions. Light truck and bus tires also showed steady demand due to logistics expansion and infrastructure development. The increasing focus on durability, comfort, and performance sustainability continues to support passenger car tire dominance.

  • For instance, Michelin introduced its e·Primacy tire line designed for electric and hybrid cars, reducing rolling resistance by 27% compared to previous models, while Bridgestone’s ENLITEN technology lowered tire weight by up to 2 kg per unit to enhance vehicle efficiency.

By Demand

The replacement tire segment accounted for the largest share of 71% in 2024, fueled by growing vehicle parc and shorter tire replacement cycles. Rising consumer preference for premium and all-season tires further supported this segment. Frequent road wear and regional climate variations also increase the need for replacements. OEM demand remains stable due to consistent vehicle production, particularly in Asia-Pacific and North America. Enhanced retail networks and e-commerce channels have made tire replacement more accessible, sustaining steady growth across developed and emerging markets.

  • For instance, in 2024, Bridgestone Corporation focused on strengthening production and growing market share in specific regions. For instance, Bridgestone India announced a significant investment to increase production capacity at its plants over the next few years.

By Type of Tires

Radial tires dominated the market with a 78% share in 2024, owing to their superior fuel efficiency, durability, and driving comfort. The segment benefits from higher adoption in passenger and commercial vehicles, supported by continuous advancements in tread design and materials. Radial construction reduces rolling resistance and enhances grip, making it ideal for long-distance and heavy-duty applications. Bias tires maintain niche demand in off-road and specialized vehicles. Growing focus on sustainability and tire longevity further strengthens the global preference for radial tire technology.

Key Growth Drivers

Rising Vehicle Production and Fleet Expansion

Global vehicle production growth remains a major driver for the tire market. Increasing passenger car and commercial vehicle output, especially in Asia-Pacific, boosts tire demand across OEM and replacement channels. Expanding logistics, e-commerce, and construction activities further raise the need for heavy-duty and durable tires. Fleet operators prioritize fuel efficiency and low maintenance costs, encouraging the use of advanced radial and all-season tires. Additionally, economic development and urbanization in emerging markets are leading to higher personal vehicle ownership. This expansion in global mobility continues to sustain steady tire market growth.

  • For instance, Yokohama Rubber expanded its passenger car tire production capacity in India to 4.5 million units annually to support regional vehicle output growth.

Advancemets in Tire Technology and Materials

Technological innovation is reshaping tire performance and sustainability. Manufacturers are developing smart tires with pressure sensors, tread monitoring, and adaptive grip systems. Advanced materials like silica-reinforced compounds enhance durability and reduce rolling resistance, improving fuel efficiency. The integration of nanomaterials and bio-based rubbers also supports longer tire life and lower emissions. OEMs increasingly demand high-performance tires optimized for electric and hybrid vehicles. These innovations help manufacturers meet global environmental regulations and consumer expectations, strengthening the market’s long-term growth potential.

  • For instance, Continental AG’s commercially available ContiConnect system uses sensors integrated into tires to monitor tire pressure and temperature for fleet vehicles. The company has equipped hundreds of thousands of fleet vehicles with its digital tire monitoring technologies.

Rising Demand for Replacement and Aftermarket Tires

The replacement tire segment drives substantial revenue due to global vehicle aging and expanding fleets. Consumers replace tires more frequently due to performance awareness, seasonal changes, and enhanced road safety norms. Growth in e-commerce tire sales and digital distribution networks has improved product accessibility and price competitiveness. Moreover, the surge in all-weather and performance tire demand is reshaping aftermarket dynamics. Urban infrastructure growth and road expansion also accelerate tire wear, contributing to recurring replacement demand. This consistent aftermarket activity ensures stable, long-term market expansion across all regions.

Key Trends & Opportunities

Adoption of Sustainable and Eco-Friendly Tires

Sustainability has become a key focus for tire manufacturers worldwide. Companies are introducing eco-friendly tires made from renewable and recyclable materials to align with green mobility goals. Low-rolling-resistance and lightweight designs enhance fuel efficiency, while retreaded tires minimize waste generation. Electric vehicles also demand tires that offer high load capacity and reduced noise, creating opportunities for product diversification. Regulations promoting carbon neutrality further push R&D investment in green tire solutions. The adoption of sustainable production processes and materials creates strong brand differentiation and long-term business resilience.

  • For instance, Goodyear launched its 90% sustainable-material demonstration tire in 2023, using soybean oil, rice husk silica, and recycled polyester, while Pirelli equipped over 300,000 electric vehicles with its Elect tire line, designed to reduce rolling noise and improve energy efficiency.

Integration of Smart Tire Technologies

The emergence of connected mobility and IoT integration is transforming tire performance monitoring. Smart tires equipped with embedded sensors provide real-time data on air pressure, temperature, and tread wear, enhancing vehicle safety and efficiency. Fleets use this data for predictive maintenance, reducing downtime and operational costs. This technology benefits electric and autonomous vehicles that require continuous performance feedback. As 5G and AI adoption expand, connected tire systems are expected to become standard in premium and commercial vehicles. These innovations open new avenues for data-driven tire lifecycle management.

Key Challenges

Volatile Raw Material Prices

Fluctuations in natural rubber, synthetic rubber, and crude oil prices pose a major challenge to tire manufacturers. These materials account for a large portion of production costs, directly influencing profit margins. Supply disruptions due to geopolitical tensions, climate impacts, or regional export restrictions further increase cost instability. Manufacturers face pressure to maintain pricing competitiveness while investing in innovation. To counter this, many companies are exploring material recycling, synthetic substitutes, and long-term supplier partnerships. However, persistent price volatility continues to affect production planning and profitability across the tire industry.

Growing Environmental Regulations and Waste Management Issues

Strict environmental laws concerning tire manufacturing and disposal present operational challenges. Regulations on emissions, recycling, and microplastic release require significant investment in cleaner processes and waste reduction. End-of-life tire management remains a concern, as recycling infrastructure varies globally. Companies must develop circular economy models through tire retreading, material recovery, and energy-efficient production. Compliance with sustainability standards increases production complexity and costs. While these efforts align with global climate goals, managing compliance across diverse regional frameworks remains a major hurdle for tire producers.

Regional Analysis

North America

North America held a 26% share of the global tire market in 2024, driven by strong replacement demand and steady vehicle sales. The U.S. dominates regional consumption due to its large automotive fleet and rising popularity of SUVs and light trucks. The market benefits from advanced tire technologies, including smart and fuel-efficient designs. Stringent safety standards and consumer preference for premium tires also support revenue growth. Canada and Mexico contribute through expanding vehicle manufacturing and aftermarket activities. Growing adoption of electric and hybrid vehicles continues to create opportunities for specialized tire products.

Europe

Europe accounted for a 24% market share in 2024, supported by high-quality manufacturing, strict environmental regulations, and strong automotive production. Germany, France, and Italy lead demand, driven by luxury and performance vehicle segments. The replacement market dominates, supported by mature vehicle fleets and seasonal tire changes. Sustainability initiatives are promoting eco-friendly and low-rolling-resistance tire development. The European Union’s focus on emission reduction encourages wider adoption of green and retreaded tires. Emerging electric mobility across Western and Northern Europe further drives innovation in tire durability, noise reduction, and energy efficiency.

Asia-Pacific

Asia-Pacific dominated the tire market with a 41% share in 2024, led by China, India, and Japan. Rapid urbanization, rising disposable incomes, and expanding automotive production boost demand across passenger and commercial vehicles. The region serves as a global manufacturing hub, supported by cost-effective labor and strong raw material availability. OEM and replacement segments are growing rapidly due to fleet expansion and increasing two-wheeler ownership. Government investments in road infrastructure and electric mobility accelerate product innovation. The surge in exports and regional brand expansion further strengthen Asia-Pacific’s leadership in global tire production.

Latin America

Latin America represented a 6% market share in 2024, primarily driven by Brazil, Mexico, and Argentina. The region benefits from growing vehicle sales, infrastructure development, and replacement tire demand. Economic recovery and trade liberalization are supporting import and manufacturing activities. Local tire producers are focusing on affordable and durable products suitable for challenging road conditions. Rising logistics and agriculture sectors also fuel demand for truck and off-road tires. Government support for industrial expansion and regional distribution networks continues to enhance accessibility, gradually positioning Latin America as a promising emerging tire market.

Middle East & Africa

The Middle East & Africa held a 3% share of the global tire market in 2024, with growth led by the UAE, Saudi Arabia, and South Africa. Rising vehicle imports, infrastructure projects, and tourism-related mobility drive steady tire demand. Replacement tires dominate due to harsh climate conditions and long driving distances. Regional investments in logistics and electric mobility are promoting premium and heat-resistant tire adoption. Local manufacturing capacity is expanding, reducing dependency on imports. With increasing urbanization and fleet modernization, the region shows gradual but consistent growth potential in the global tire industry.

Market Segmentations:

By Vehicle Type

  • Truck and Bus Tires
  • Special Vehicle Tires
  • Passenger Car Tires
  • Light Truck Tires
  • Motorcycle Tires

By Demand

  • OEM
  • Replacement

By Type of Tires

  • Radial
  • Bias

By Tube Type

  • Tube
  • Tubeless

By Distribution Channel

  • Dealer/Exclusive Outlets
  • Online
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Competitive Landscape

The tire market is highly competitive, featuring a mix of global leaders and regional manufacturers focused on innovation, performance, and sustainability. Key players such as Bridgestone Corporation, Michelin, Continental AG, The Goodyear Tire & Rubber Company, and Pirelli Tyre S.p.A dominate the market through extensive product portfolios and global distribution networks. These companies invest heavily in research and development to enhance tire durability, safety, and fuel efficiency. Emerging players like Apollo Tyres, MRF, Hankook, and Yokohama Rubber are expanding their footprint through strategic partnerships and localized manufacturing. The industry is witnessing rapid adoption of smart tire technologies, sustainable materials, and electric vehicle-compatible products. Competitive differentiation increasingly relies on digital integration, data-driven services, and circular economy initiatives, including tire recycling and retreading. Mergers, acquisitions, and capacity expansions remain common strategies as manufacturers aim to strengthen market share and align with evolving consumer and regulatory demands worldwide.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Key Player Analysis

  • Apollo Tyres Ltd.
  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire & Technology Co., Ltd.
  • Kumho Tire Co., Inc.
  • Michelin
  • MRF Tyres
  • Pirelli Tyre S.p.A
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • The Yokohama Rubber Co., Ltd.
  • Toyo Tire Corporation
  • Sumitomo Corporation
  • Yokohama Tire Corporation
  • Toyo Engineering Corporation
  • Kumho Tyre (Australia) Pty Ltd.

Recent Developments

  • In May 2025, Continental reported its best Q1 earnings since 2021, with adjusted group earnings of €586 million, driven by cost reductions and a rebound in tire replacement demand. The company is undergoing a major overhaul, spinning off its automotive unit and planning to divest the ContiTech industrial division to focus on its profitable tires business.
  • In March 2025, Michelin was named one of the world’s 100 most innovative companies by Clarivate, recognizing its strong R&D capabilities. The company also launched the MICHELIN City Touring tire for bicycles, emphasizing safety and sustainability.
  • In March 2025, Bridgestone announced its 2025 motorsports plan, continuing support for professional and grassroots motorsports globally. The company is emphasizing sustainable motorsport as a “mobile laboratory” to refine technologies for commercial tire development. Bridgestone remains the exclusive tire supplier for major race series, including Japan’s SUPER GT and North America’s NTT INDYCAR® SERIES.
  • In February 2025, Goodyear announced a capacity expansion at its Lawton, Oklahoma facility, targeting production of 10 million additional premium tires annually, especially larger rim sizes and higher-margin segments.
  • In January 2025, Apollo highlighted double-digit growth in commercial vehicle and farm tires, high single-digit growth in passenger car tires, and continued investment in R&D and AI-driven efficiency. The company is also investing in natural rubber cultivation in India to address commodity challenges

Report Coverage

The research report offers an in-depth analysis based on Vehicle Type, Demand, Type of Tires, Tube Type, Distribution Channel and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The tire market will continue to grow steadily due to rising global vehicle production.
  2. Electric and hybrid vehicles will drive demand for specialized, low-noise, and durable tires.
  3. Smart tire technologies with sensors will gain popularity for real-time performance monitoring.
  4. Sustainability will remain central, with more use of bio-based and recyclable materials.
  5. Manufacturers will expand digital sales and e-commerce channels for tire distribution.
  6. Advanced tread designs will enhance fuel efficiency and road safety.
  7. Retreading and recycling initiatives will grow as part of circular economy goals.
  8. Asia-Pacific will maintain leadership due to expanding automotive manufacturing capacity.
  9. Partnerships between tire producers and OEMs will strengthen innovation pipelines.
  10. Regulatory pressure for emission reduction will accelerate adoption of eco-friendly tire solutions.

CHAPTER NO. 1 : INTRODUCTION 29

1.1.1. Report Description 29

Purpose of the Report 29

USP & Key Offerings 29

1.1.2. Key Benefits for Stakeholders 29

1.1.3. Target Audience 30

1.1.4. Report Scope 30

1.1.5. Regional Scope 31

CHAPTER NO. 2 : EXECUTIVE SUMMARY 32

2.1. Tire Market Snapshot 32

2.1.1. Global Tire Market, 2018 – 2032 (Units) (USD Million) 34

2.2. Insights from Primary Respondents 34

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 35

3.1. Russia-Ukraine and Israel-Palestine War Impacts 35

CHAPTER NO. 4 : TIRE MARKET – INDUSTRY ANALYSIS 36

4.1. Introduction 36

4.2. Market Drivers 37

4.2.1. Rising Demand for Replacement Tires Due to Vehicle Aging and Wear Cycles 37

4.2.2. Expanding E-Commerce and Digitization of Tire Retail and Services 38

4.3. Market Restraints 39

4.3.1. Volatility in Raw Material Prices Increasing Production Costs 39

4.4. Market Opportunities 40

4.4.1. Market Opportunity Analysis 40

4.5. Porter’s Five Forces Analysis 41

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 42

5.1. Company Market Share Analysis – 2024 42

5.1.1. Global Tire Market: Company Market Share, by Volume, 2024 42

5.1.2. Global Tire Market: Company Market Share, by Revenue, 2024 43

5.1.3. Global Tire Market: Top 6 Company Market Share, by Revenue, 2024 43

5.1.4. Global Tire Market: Top 3 Company Market Share, by Revenue, 2024 44

5.2. Global Tire Market Company Volume Market Share, 2024 45

5.3. Global Tire Market Company Revenue Market Share, 2024 46

5.4. Company Assessment Metrics, 2024 47

5.4.1. Stars 47

5.4.2. Emerging Leaders 47

5.4.3. Pervasive Players 47

5.4.4. Participants 47

5.5. Start-ups /SMEs Assessment Metrics, 2024 47

5.5.1. Progressive Companies 47

5.5.2. Responsive Companies 47

5.5.3. Dynamic Companies 47

5.6. Starting BlocksStrategic Developments 47

5.6.1. Acquisitions & Mergers 48

New Product Launch 48

Regional Expansion 48

5.7. Key Players Product Matrix 49

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 50

6.1. PESTEL 50

6.1.1. Political Factors 50

6.1.2. Economic Factors 50

6.1.3. Social Factors 50

6.1.4. Technological Factors 50

6.1.5. Environmental Factors 50

6.1.6. Legal Factors 50

6.2. Adjacent Market Analysis 50

CHAPTER NO. 7 : TIRE MARKET – BY VEHICLE TYPE SEGMENT ANALYSIS 51

7.1. Tire Market Overview, by Vehicle Type Segment 51

7.1.1. Tire Market Volume Share, By Vehicle Type, 2023 & 2032 52

7.1.2. Tire Market Revenue Share, By Vehicle Type, 2023 & 2032 52

7.1.3. Tire Market Attractiveness Analysis, By Vehicle Type 53

7.1.4. Incremental Revenue Growth Opportunity, by Vehicle Type, 2024 – 2032 53

7.1.5. Tire Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 54

7.2. Truck and Bus Tires 55

7.2.1. Global Truck and Bus Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 56

7.2.2. Global Truck and Bus Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 56

7.3. Special Vehicle Tires 57

7.3.1. Global Special Vehicle Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 58

7.3.2. Global Special Vehicle Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 58

7.4. Passenger Car Tires 59

7.4.1. Global Passenger Car Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 60

7.4.2. Global Passenger Car Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 60

7.5. Light Truck Tires 61

7.5.1. Global Light Truck Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 62

7.5.2. Global Light Truck Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 62

7.6. Motorcycle Tires 63

7.6.1. Global Motorcycle Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 64

7.6.2. Global Motorcycle Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 64

CHAPTER NO. 8 : TIRE MARKET – BY DEMAND SEGMENT ANALYSIS 65

8.1. Tire Market Overview, by Demand Segment 65

8.1.1. Tire Market Volume Share, By Demand, 2023 & 2032 66

8.1.2. Tire Market Revenue Share, By Demand, 2023 & 2032 66

8.1.3. Tire Market Attractiveness Analysis, By Demand 67

8.1.4. Incremental Revenue Growth Opportunity, by Demand, 2024 – 2032 67

8.1.5. Tire Market Revenue, By Demand, 2018, 2023, 2027 & 2032 68

8.2. OEM 69

8.2.1. Global OEM Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 70

8.2.2. Global OEM Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 70

8.3. Replacement 71

8.3.1. Global Replacement Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 72

8.3.2. Global Replacement Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 72

CHAPTER NO. 9 : TIRE MARKET – BY TYPE OF TIRES SEGMENT ANALYSIS 73

9.1. Tire Market Overview, by Distribution Channel Segment 73

9.1.1. Tire Market Volume Share, By Type of Tires, 2023 & 2032 74

9.1.2. Tire Market Revenue Share, By Type of Tires, 2023 & 2032 74

9.1.3. Tire Market Attractiveness Analysis, By Type of Tires 75

9.1.4. Incremental Revenue Growth Opportunity, by Type of Tires, 2024 – 2032 75

9.1.5. Tire Market Revenue, By Type of Tires, 2018, 2023, 2027 & 2032 76

9.2. Radial 77

9.2.1. Global Radial Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 78

9.2.2. Global Radial Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 79

9.3. Bias 80

9.3.1. Global Bias Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 81

9.3.2. Global Bias Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 82

CHAPTER NO. 10 : TIRE MARKET – BY TUBE TYPE:  SEGMENT ANALYSIS 83

10.1. Tire Market Overview, by Tube Type Segment 83

10.1.1. Tire Market Volume Share, By Tube Type, 2023 & 2032 84

10.1.2. Tire Market Revenue Share, By Tube Type, 2023 & 2032 84

10.1.3. Tire Market Attractiveness Analysis, By Tube Type 85

10.1.4. Incremental Revenue Growth Opportunity, by Tube Type, 2024 – 2032 85

10.1.5. Tire Market Revenue, By Tube Type, 2018, 2023, 2027 & 2032 86

10.2. Tube 87

10.2.1. Global Tube Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 88

10.2.2. Global Tube Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 89

10.3. Tubeless 90

10.3.1. Global Tubeless Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 91

10.3.2. Global Tubeless Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 92

CHAPTER NO. 11 : TIRE MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 93

11.1. Tire Market Overview, by Distribution Channel Segment 93

11.1.1. Tire Market Volume Share, By Distribution Channel, 2023 & 2032 94

11.1.2. Tire Market Revenue Share, By Distribution Channel, 2023 & 2032 94

11.1.3. Tire Market Attractiveness Analysis, By Distribution Channel 95

11.1.4. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 95

11.1.5. Tire Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 96

11.2. Dealer/Exclusive Outlets 97

11.2.1. Global Dealer/Exclusive Outlets Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 98

11.2.2. Global Dealer/Exclusive Outlets Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 99

11.3. Online 100

11.3.1. Global Online Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 101

11.3.2. Global Online Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 102

11.4. Others 103

11.4.1. Global Others Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 104

11.4.2. Global Others Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 105

CHAPTER NO. 12 : TIRE MARKET – REGIONAL ANALYSIS 106

12.1. Tire Market Overview, by Regional Segments 106

12.2. Region 107

12.2.1. Global Tire Market Volume Share, By Region, 2023 & 2032 107

12.2.2. Global Tire Market Revenue Share, By Region, 2023 & 2032 107

12.2.3. Tire Market Attractiveness Analysis, By Region 108

12.2.4. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 108

12.2.5. Tire Market Revenue, By Region, 2018, 2023, 2027 & 2032 109

12.2.6. Global Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 110

12.2.7. Global Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 110

12.3. Vehicle Type 111

12.3.1. Global Tire Market Volume & Revenue, By Vehicle Type, 2018 – 2023 (Units) (USD Million) 111

12.4. Global Tire Market Volume & Revenue, By Vehicle Type, 2024 – 2032 (Units) (USD Million) 111

12.5. Demand 112

12.5.1. Global Tire Market Volume & Revenue, By Demand, 2018 – 2023 (Units) (USD Million) 112

12.5.2. Global Tire Market Volume & Revenue, By Demand, 2024 – 2032 (Units) (USD Million) 112

12.6. Type of Tires 113

12.6.1. Global Tire Market Volume & Revenue, By Type of Tires, 2018 – 2023 (Units) (USD Million) 113

12.6.2. Global Tire Market Volume & Revenue, By Type of Tires, 2024 – 2032 (Units) (USD Million) 113

12.7. Tube Type 114

12.7.1. Global Tire Market Volume & Revenue, By Tube Type, 2018 – 2023 (Units) (USD Million) 114

12.7.2. Global Tire Market Volume & Revenue, By Tube Type: 2024 – 2032 (Units) (USD Million) 114

12.8. Distribution Channel 115

12.8.1. Global Tire Market Volume & Revenue, By Distribution Channel, 2018 – 2023 (Units) (USD Million) 115

12.8.2. Global Tire Market Volume & Revenue, By Distribution Channel, 2024 – 2032 (Units) (USD Million) 115

CHAPTER NO. 13 : TIRE MARKET – NORTH AMERICA 116

13.1. North America 116

13.1.1. Key Highlights 116

13.1.2. North America Tire Market Volume, By Country, 2018 – 2032 (Units) 117

13.1.3. North America Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 118

13.1.4. North America Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 119

13.1.5. North America Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 120

13.1.6. North America Tire Market Volume, By Demand, 2018 – 2023 (Units) 121

13.1.7. North America Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 122

13.1.8. North America Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 123

13.1.9. North America Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 124

13.1.10. North America Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 125

13.1.11. North America Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 126

13.1.12. North America Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 127

13.1.13. North America Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 128

13.2. U.S. 129

13.3. Canada 129

13.4. Mexico 129

CHAPTER NO. 14 : TIRE MARKET – EUROPE 130

14.1. Europe 130

14.1.1. Key Highlights 130

14.1.2. Europe Tire Market Volume, By Country, 2018 – 2032 (Units) 131

14.1.3. Europe Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 132

14.1.4. Europe Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 133

14.1.5. Europe Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 134

14.1.6. Europe Tire Market Volume, By Demand, 2018 – 2023 (Units) 135

14.1.7. Europe Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 136

14.1.8. North America Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 137

14.1.9. Europe Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 138

14.1.10. Europe Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 139

14.1.11. Europe Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 140

14.1.12. Europe Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 141

14.1.13. Europe Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 142

14.2. UK 143

14.3. France 143

14.4. Germany 143

14.5. Italy 143

14.6. Spain 143

14.7. Russia 143

14.8. Belgium 143

14.9. Netherland 143

14.10. Austria 143

14.11. Sweden 143

14.12. Poland 143

14.13. Denmark 143

14.14. Switzerland 143

14.15. Rest of Europe 143

CHAPTER NO. 15 : TIRE MARKET – ASIA PACIFIC 144

15.1. Asia Pacific 144

15.1.1. Key Highlights 144

15.1.2. Asia Pacific Tire Market Volume, By Country, 2018 – 2032 (Units) 145

15.1.3. Asia Pacific Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 146

15.1.4. Asia Pacific Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 147

15.1.5. Asia Pacific Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 148

15.1.6. Asia Pacific Tire Market Volume, By Demand, 2018 – 2023 (Units) 149

15.1.7. Asia Pacific Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 150

15.1.8. Asia Pacific Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 151

15.1.9. Asia Pacific Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 152

15.1.10. Asia Pacific Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 153

15.1.11. Asia Pacific Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 154

15.1.12. Asia Pacific Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 155

15.1.13. Asia Pacific Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 156

15.2. China 157

15.3. Japan 157

15.4. South Korea 157

15.5. India 157

15.6. Australia 157

15.7. Thailand 157

15.8. Indonesia 157

15.9. Vietnam 157

15.10. Malaysia 157

15.11. Philippines 157

15.12. Taiwan 157

15.13. Rest of Asia Pacific 157

CHAPTER NO. 16 : TIRE MARKET – LATIN AMERICA 158

16.1. Latin America 158

16.1.1. Key Highlights 158

16.1.2. Latin America Tire Market Volume, By Country, 2018 – 2032 (Units) 159

16.1.3. Latin America Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 160

16.1.4. Latin America Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 161

16.1.5. Latin America Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 162

16.1.6. Latin America Tire Market Volume, By Demand, 2018 – 2023 (Units) 163

16.1.7. Latin America Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 164

16.1.8. Latin America Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 165

16.1.9. Latin America Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 166

16.1.10. Latin America Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 167

16.1.11. Latin America Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 168

16.1.12. Latin America Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 169

16.1.13. Latin America Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 170

16.2. Brazil 171

16.3. Argentina 171

16.4. Peru 171

16.5. Chile 171

16.6. Colombia 171

16.7. Rest of Latin America 171

CHAPTER NO. 17 : TIRE MARKET – MIDDLE EAST 172

17.1. Middle East 172

17.1.1. Key Highlights 172

17.1.2. Middle East Tire Market Volume, By Country, 2018 – 2032 (Units) 173

17.1.3. Middle East Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 174

17.1.4. Middle East Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 175

17.1.5. Middle East Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 176

17.1.6. Middle East Tire Market Volume, By Demand, 2018 – 2023 (Units) 177

17.1.7. Middle East Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 178

17.1.8. Middle East Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 179

17.1.9. Middle East Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 180

17.1.10. Middle East Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 181

17.1.11. Middle East Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 182

17.1.12. Middle East Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 183

17.1.13. Middle East Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 184

17.2. UAE 185

17.3. KSA 185

17.4. Israel 185

17.5. Turkey 185

17.6. Iran 185

17.7. Rest of Middle East 185

CHAPTER NO. 18 : TIRE MARKET – AFRICA 186

18.1. Africa 186

18.1.1. Key Highlights 186

18.1.2. Africa Tire Market Volume, By Country, 2018 – 2032 (Units) 187

18.1.3. Africa Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 188

18.1.4. Africa Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 189

18.1.5. Africa Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 190

18.1.6. Africa Tire Market Volume, By Demand, 2018 – 2023 (Units) 191

18.1.7. Africa Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 192

18.1.8. Africa Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 193

18.1.9. Africa Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 194

18.1.10. Africa Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 195

18.1.11. Africa Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 196

18.1.12. Africa Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 197

18.1.13. Africa Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 198

18.2. Egypt 199

18.3. Nigeria 199

18.4. Algeria 199

18.5. Morocco 199

18.6. Rest of Africa 199

CHAPTER NO. 19 : COMPANY PROFILES 200

19.1. Bridgestone Corporation 200
19.1.1. Company Overview 200
19.1.2. Product Portfolio 200
19.1.3. SWOT Analysis 200
19.1.4. Business Strategy 201
19.1.5. Financial Overview 201

19.2. Michelin 202
19.3. The Goodyear Tire & Rubber Company 202
19.4. Continental AG 202
19.5. Apollo Tyres Ltd. 202
19.6. Hankook Tire & Technology Co., Ltd. 202
19.7. Kumho Tire Co., Inc. 202
19.8. Pirelli Tyre S.p.A 202
19.9. Sumitomo Rubber Industries, Ltd. 202
19.10. The Yokohama Rubber Co., Ltd. 202
19.11. Toyo Tire Corporation 202
19.12. MRF Tyres 202
19.13. Sumitomo Corporation 202
19.14. Yokohama Tire Corporation 202
19.15. Toyo Engineering Corporation 202

 

List of Figures

FIG NO. 1. Global Tire Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 34

FIG NO. 2. Porter’s Five Forces Analysis for Global Tire Market 41

FIG NO. 3. Company Share Analysis, 2024 42

FIG NO. 4. Company Share Analysis, 2024 43

FIG NO. 5. Company Share Analysis, 2024 43

FIG NO. 6. Company Share Analysis, 2023 44

FIG NO. 7. Tire Market – Company Volume Market Share, 2024 45

FIG NO. 8. Tire Market – Company Revenue Market Share, 2024 46

FIG NO. 9. Tire Market Volume Share, By Vehicle Type, 2023 & 2032 52

FIG NO. 10. Tire Market Revenue Share, By Vehicle Type, 2023 & 2032 52

FIG NO. 11. Market Attractiveness Analysis, By Vehicle Type 53

FIG NO. 12. Incremental Revenue Growth Opportunity by Vehicle Type, 2024 – 2032 53

FIG NO. 13. Tire Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 54

FIG NO. 14. Global Tire Market for Truck and Bus Tires, Volume & Revenue (Units) (USD Million) 2018 – 2032 55

FIG NO. 15. Global Tire Market for Special Vehicle Tires, Volume & Revenue (Units) (USD Million) 2018 – 2032 57

FIG NO. 16. Global Tire Market for Passenger Car Tires, Volume & Revenue (Units) (USD Million) 2018 – 2032 59

FIG NO. 17. Global Tire Market for Light Truck Tires, Volume & Revenue (Units) (USD Million) 2018 – 2032 61

FIG NO. 18. Global Tire Market for Motorcycle Tires, Volume & Revenue (Units) (USD Million) 2018 – 2032 63

FIG NO. 19. Tire Market Volume Share, By Demand, 2023 & 2032 66

FIG NO. 20. Tire Market Revenue Share, By Demand, 2023 & 2032 66

FIG NO. 21. Market Attractiveness Analysis, By Demand 67

FIG NO. 22. Incremental Revenue Growth Opportunity by Demand, 2024 – 2032 67

FIG NO. 23. Tire Market Revenue, By Demand, 2018, 2023, 2027 & 2032 68

FIG NO. 24. Global Tire Market for OEM, Volume & Revenue (Units) (USD Million) 2018 – 2032 69

FIG NO. 25. Global Tire Market for Replacement, Volume & Revenue (Units) (USD Million) 2018 – 2032 71

FIG NO. 26. Tire Market Volume Share, By Type of Tires, 2023 & 2032 74

FIG NO. 27. Tire Market Revenue Share, By Type of Tires, 2023 & 2032 74

FIG NO. 28. Market Attractiveness Analysis, By Type of Tires 75

FIG NO. 29. Incremental Revenue Growth Opportunity by Type of Tires, 2024 – 2032 75

FIG NO. 30. Tire Market Revenue, By Type of Tires, 2018, 2023, 2027 & 2032 76

FIG NO. 31. Global Tire Market for Radial, Volume & Revenue (Units) (USD Million) 2018 – 2032 77

FIG NO. 32. Global Tire Market for Bias, Volume & Revenue (Units) (USD Million) 2018 – 2032 80

FIG NO. 33. Tire Market Volume Share, By Tube Type, 2023 & 2032 84

FIG NO. 34. Tire Market Revenue Share, By Tube Type, 2023 & 2032 84

FIG NO. 35. Market Attractiveness Analysis, By Tube Type 85

FIG NO. 36. Incremental Revenue Growth Opportunity by Tube Type, 2024 – 2032 85

FIG NO. 37. Tire Market Revenue, By Tube Type, 2018, 2023, 2027 & 2032 86

FIG NO. 38. Global Tire Market for Tube, Volume & Revenue (Units) (USD Million) 2018 – 2032 87

FIG NO. 39. Global Tire Market for Tubeless, Volume & Revenue (Units) (USD Million) 2018 – 2032 90

FIG NO. 40. Tire Market Volume Share, By Distribution Channel, 2023 & 2032 94

FIG NO. 41. Tire Market Revenue Share, By Distribution Channel, 2023 & 2032 94

FIG NO. 42. Market Attractiveness Analysis, By Distribution Channel 95

FIG NO. 43. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 95

FIG NO. 44. Tire Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 96

FIG NO. 45. Global Tire Market for Dealer/Exclusive Outlets, Volume & Revenue (Units) (USD Million) 2018 – 2032 97

FIG NO. 46. Global Tire Market for Online, Volume & Revenue (Units) (USD Million) 2018 – 2032 100

FIG NO. 47. Global Tire Market for Others, Volume & Revenue (Units) (USD Million) 2018 – 2032 103

FIG NO. 48. Global Tire Market Volume Share, By Region, 2023 & 2032 107

FIG NO. 49. Global Tire Market Revenue Share, By Region, 2023 & 2032 107

FIG NO. 50. Market Attractiveness Analysis, By Region 108

FIG NO. 51. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 108

FIG NO. 52. Tire Market Revenue, By Region, 2018, 2023, 2027 & 2032 109

FIG NO. 53. North America Tire Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 116

FIG NO. 54. Europe Tire Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 130

FIG NO. 55. Asia Pacific Tire Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 144

FIG NO. 56. Latin America Tire Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 158

FIG NO. 57. Middle East Tire Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 172

FIG NO. 58. Africa Tire Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 186

 

List of Table

TABLE NO. 1. : Global Tire Market: Snapshot 32

TABLE NO. 2. : Drivers for the Tire Market: Impact Analysis 37

TABLE NO. 3. : Restraints for the Tire Market: Impact Analysis 39

TABLE NO. 4. : Global Truck and Bus Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 56

TABLE NO. 5. : Global Truck and Bus Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 56

TABLE NO. 6. : Global Special Vehicle Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 58

TABLE NO. 7. : Global Special Vehicle Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 58

TABLE NO. 8. : Global Passenger Car Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 60

TABLE NO. 9. : Global Passenger Car Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 60

TABLE NO. 10. : Global Light Truck Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 62

TABLE NO. 11. : Global Light Truck Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 62

TABLE NO. 12. : Global Motorcycle Tires Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 64

TABLE NO. 13. : Global Motorcycle Tires Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 64

TABLE NO. 14. : Global OEM Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 70

TABLE NO. 15. : Global OEM Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 70

TABLE NO. 16. : Global Replacement Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 72

TABLE NO. 17. : Global Replacement Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 72

TABLE NO. 18. : Global Radial Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 78

TABLE NO. 19. : Global Radial Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 79

TABLE NO. 20. : Global Bias Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 81

TABLE NO. 21. : Global Bias Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 82

TABLE NO. 22. : Global Tube Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 88

TABLE NO. 23. : Global Tube Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 89

TABLE NO. 24. : Global Tubeless Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 91

TABLE NO. 25. : Global Tubeless Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 92

TABLE NO. 26. : Global Dealer/Exclusive Outlets Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 98

TABLE NO. 27. : Global Dealer/Exclusive Outlets Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 99

TABLE NO. 28. : Global Online Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 101

TABLE NO. 29. : Global Online Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 102

TABLE NO. 30. : Global Others Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 104

TABLE NO. 31. : Global Others Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 105

TABLE NO. 32. : Global Tire Market Volume & Revenue, By Region, 2018 – 2023 (Units) (USD Million) 110

TABLE NO. 33. : Global Tire Market Volume & Revenue, By Region, 2024 – 2032 (Units) (USD Million) 110

TABLE NO. 34. : Global Tire Market Volume & Revenue, By Vehicle Type, 2018 – 2023 (Units) (USD Million) 111

TABLE NO. 35. : Global Tire Market Volume & Revenue, By Vehicle Type, 2024 – 2032 (Units) (USD Million) 111

TABLE NO. 36. : Global Tire Market Volume & Revenue, By Demand, 2018 – 2023 (Units) (USD Million) 112

TABLE NO. 37. : Global Tire Market Volume & Revenue, By Demand, 2024 – 2032 (Units) (USD Million) 112

TABLE NO. 38. : Global Tire Market Volume & Revenue, By Type of Tires, 2018 – 2023 (Units) (USD Million) 113

TABLE NO. 39. : Global Tire Market Volume & Revenue, By Type of Tires, 2024 – 2032 (Units) (USD Million) 113

TABLE NO. 40. : Global Tire Market Volume & Revenue, By Demand, 2018 – 2023 (Units) (USD Million) 114

TABLE NO. 41. : Global Tire Market Volume & Revenue, By Tube Type: 2024 – 2032 (Units) (USD Million) 114

TABLE NO. 42. : Global Tire Market Volume & Revenue, By Distribution Channel, 2018 – 2023 (Units) (USD Million) 115

TABLE NO. 43. : Global Tire Market Volume & Revenue, By Distribution Channel, 2024 – 2032 (Units) (USD Million) 115

TABLE NO. 44. : North America Tire Market Volume, By Country, 2018 – 2023 (Units) 117

TABLE NO. 45. : North America Tire Market Volume, By Country, 2024 – 2032 (Units) 117

TABLE NO. 46. : North America Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 118

TABLE NO. 47. : North America Tire Market Revenue, By Country, 2024 – 2032 (USD Million) 118

TABLE NO. 48. : North America Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 119

TABLE NO. 49. : North America Tire Market Volume, By Vehicle Type, 2024 – 2032 (Units) 119

TABLE NO. 50. : North America Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 120

TABLE NO. 51. : North America Tire Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 120

TABLE NO. 52. : North America Tire Market Volume, By Demand, 2018 – 2023 (Units) 121

TABLE NO. 53. : North America Tire Market Volume, By Demand, 2024 – 2032 (Units) 121

TABLE NO. 54. : North America Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 122

TABLE NO. 55. : North America Tire Market Revenue, By Demand, 2024 – 2032 (USD Million) 122

TABLE NO. 56. : North America Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 123

TABLE NO. 57. : North America Tire Market Volume, By Type of Tires, 2024 – 2032 (Units) 123

TABLE NO. 58. : North America Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 124

TABLE NO. 59. : North America Tire Market Revenue, By Type of Tires, 2024 – 2032 (USD Million) 124

TABLE NO. 60. : North America Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 125

TABLE NO. 61. : North America Tire Market Volume, By Tube Type, 2024 – 2032 (Units) 125

TABLE NO. 62. : North America Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 126

TABLE NO. 63. : North America Tire Market Revenue, By Tube Type, 2024 – 2032 (USD Million) 126

TABLE NO. 64. : North America Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 127

TABLE NO. 65. : North America Tire Market Volume, By Distribution Channel, 2024 – 2032 (Units) 127

TABLE NO. 66. : North America Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 128

TABLE NO. 67. : North America Tire Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 128

TABLE NO. 68. : Europe Tire Market Volume, By Country, 2018 – 2023 (Units) 131

TABLE NO. 69. : Europe Tire Market Volume, By Country, 2024 – 2032 (Units) 131

TABLE NO. 70. : Europe Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 132

TABLE NO. 71. : Europe Tire Market Revenue, By Country, 2024 – 2032 (USD Million) 132

TABLE NO. 72. : Europe Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 133

TABLE NO. 73. : Europe Tire Market Volume, By Vehicle Type, 2024 – 2032 (Units) 133

TABLE NO. 74. : Europe Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 134

TABLE NO. 75. : Europe Tire Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 134

TABLE NO. 76. : Europe Tire Market Volume, By Demand, 2018 – 2023 (Units) 135

TABLE NO. 77. : Europe Tire Market Volume, By Demand, 2024 – 2032 (Units) 135

TABLE NO. 78. : Europe Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 136

TABLE NO. 79. : Europe Tire Market Revenue, By Demand, 2024 – 2032 (USD Million) 136

TABLE NO. 80. : North America Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 137

TABLE NO. 81. : Europe Tire Market Volume, By Type of Tires, 2024 – 2032 (Units) 137

TABLE NO. 82. : Europe Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 138

TABLE NO. 83. : Europe Tire Market Revenue, By Type of Tires, 2024 – 2032 (USD Million) 138

TABLE NO. 84. : Europe Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 139

TABLE NO. 85. : Europe Tire Market Volume, By Tube Type, 2024 – 2032 (Units) 139

TABLE NO. 86. : Europe Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 140

TABLE NO. 87. : Europe Tire Market Revenue, By Tube Type, 2024 – 2032 (USD Million) 140

TABLE NO. 88. : Europe Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 141

TABLE NO. 89. : Europe Tire Market Volume, By Distribution Channel, 2024 – 2032 (Units) 141

TABLE NO. 90. : Europe Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 142

TABLE NO. 91. : Europe Tire Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 142

TABLE NO. 92. : Asia Pacific Tire Market Volume, By Country, 2018 – 2023 (Units) 145

TABLE NO. 93. : Asia Pacific Tire Market Volume, By Country, 2024 – 2032 (Units) 145

TABLE NO. 94. : Asia Pacific Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 146

TABLE NO. 95. : Asia Pacific Tire Market Revenue, By Country, 2024 – 2032 (USD Million) 146

TABLE NO. 96. : Asia Pacific Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 147

TABLE NO. 97. : Asia Pacific Tire Market Volume, By Vehicle Type, 2024 – 2032 (Units) 147

TABLE NO. 98. : Asia Pacific Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 148

TABLE NO. 99. : Asia Pacific Tire Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 148

TABLE NO. 100. : Asia Pacific Tire Market Volume, By Demand, 2018 – 2023 (Units) 149

TABLE NO. 101. : Asia Pacific Tire Market Volume, By Demand, 2024 – 2032 (Units) 149

TABLE NO. 102. : Asia Pacific Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 150

TABLE NO. 103. : Asia Pacific Tire Market Revenue, By Demand, 2024 – 2032 (USD Million) 150

TABLE NO. 104. : Asia Pacific Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 151

TABLE NO. 105. : Asia Pacific Tire Market Volume, By Type of Tires, 2024 – 2032 (Units) 151

TABLE NO. 106. : Asia Pacific Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 152

TABLE NO. 107. : Asia Pacific Tire Market Revenue, By Type of Tires, 2024 – 2032 (USD Million) 152

TABLE NO. 108. : Asia Pacific Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 153

TABLE NO. 109. : Asia Pacific Tire Market Volume, By Tube Type, 2024 – 2032 (Units) 153

TABLE NO. 110. : Asia Pacific Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 154

TABLE NO. 111. : Asia Pacific Tire Market Revenue, By Tube Type, 2024 – 2032 (USD Million) 154

TABLE NO. 112. : Asia Pacific Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 155

TABLE NO. 113. : Asia Pacific Tire Market Volume, By Distribution Channel, 2024 – 2032 (Units) 155

TABLE NO. 114. : Asia Pacific Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 156

TABLE NO. 115. : Asia Pacific Tire Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 156

TABLE NO. 116. : Latin America Tire Market Volume, By Country, 2018 – 2023 (Units) 159

TABLE NO. 117. : Latin America Tire Market Volume, By Country, 2024 – 2032 (Units) 159

TABLE NO. 118. : Latin America Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 160

TABLE NO. 119. : Latin America Tire Market Revenue, By Country, 2024 – 2032 (USD Million) 160

TABLE NO. 120. : Latin America Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 161

TABLE NO. 121. : Latin America Tire Market Volume, By Vehicle Type, 2024 – 2032 (Units) 161

TABLE NO. 122. : Latin America Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 162

TABLE NO. 123. : Latin America Tire Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 162

TABLE NO. 124. : Latin America Tire Market Volume, By Demand, 2018 – 2023 (Units) 163

TABLE NO. 125. : Latin America Tire Market Volume, By Demand, 2024 – 2032 (Units) 163

TABLE NO. 126. : Latin America Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 164

TABLE NO. 127. : Latin America Tire Market Revenue, By Demand, 2024 – 2032 (USD Million) 164

TABLE NO. 128. : Latin America Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 165

TABLE NO. 129. : Latin America Tire Market Volume, By Type of Tires, 2024 – 2032 (Units) 165

TABLE NO. 130. : Latin America Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 166

TABLE NO. 131. : Latin America Tire Market Revenue, By Type of Tires, 2024 – 2032 (USD Million) 166

TABLE NO. 132. : Latin America Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 167

TABLE NO. 133. : Latin America Tire Market Volume, By Tube Type, 2024 – 2032 (Units) 167

TABLE NO. 134. : Latin America Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 168

TABLE NO. 135. : Latin America Tire Market Revenue, By Tube Type, 2024 – 2032 (USD Million) 168

TABLE NO. 136. : Latin America Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 169

TABLE NO. 137. : Latin America Tire Market Volume, By Distribution Channel, 2024 – 2032 (Units) 169

TABLE NO. 138. : Latin America Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 170

TABLE NO. 139. : Latin America Tire Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 170

TABLE NO. 140. : Middle East Tire Market Volume, By Country, 2018 – 2023 (Units) 173

TABLE NO. 141. : Middle East Tire Market Volume, By Country, 2024 – 2032 (Units) 173

TABLE NO. 142. : Middle East Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 174

TABLE NO. 143. : Middle East Tire Market Revenue, By Country, 2024 – 2032 (USD Million) 174

TABLE NO. 144. : Middle East Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 175

TABLE NO. 145. : Middle East Tire Market Volume, By Vehicle Type, 2024 – 2032 (Units) 175

TABLE NO. 146. : Middle East Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 176

TABLE NO. 147. : Middle East Tire Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 176

TABLE NO. 148. : Middle East Tire Market Volume, By Demand, 2018 – 2023 (Units) 177

TABLE NO. 149. : Middle East Tire Market Volume, By Demand, 2024 – 2032 (Units) 177

TABLE NO. 150. : Middle East Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 178

TABLE NO. 151. : Middle East Tire Market Revenue, By Demand, 2024 – 2032 (USD Million) 178

TABLE NO. 152. : Middle East Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 179

TABLE NO. 153. : Middle East Tire Market Volume, By Type of Tires, 2024 – 2032 (Units) 179

TABLE NO. 154. : Middle East Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 180

TABLE NO. 155. : Middle East Tire Market Revenue, By Type of Tires, 2024 – 2032 (USD Million) 180

TABLE NO. 156. : Middle East Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 181

TABLE NO. 157. : Middle East Tire Market Volume, By Tube Type, 2024 – 2032 (Units) 181

TABLE NO. 158. : Middle East Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 182

TABLE NO. 159. : Middle East Tire Market Revenue, By Tube Type, 2024 – 2032 (USD Million) 182

TABLE NO. 160. : Middle East Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 183

TABLE NO. 161. : Middle East Tire Market Volume, By Distribution Channel, 2024 – 2032 (Units) 183

TABLE NO. 162. : Middle East Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 184

TABLE NO. 163. : Middle East Tire Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 184

TABLE NO. 164. : Africa Tire Market Volume, By Country, 2018 – 2023 (Units) 187

TABLE NO. 165. : Africa Tire Market Volume, By Country, 2024 – 2032 (Units) 187

TABLE NO. 166. : Africa Tire Market Revenue, By Country, 2018 – 2023 (USD Million) 188

TABLE NO. 167. : Africa Tire Market Revenue, By Country, 2024 – 2032 (USD Million) 188

TABLE NO. 168. : Africa Tire Market Volume, By Vehicle Type, 2018 – 2023 (Units) 189

TABLE NO. 169. : Africa Tire Market Volume, By Vehicle Type, 2024 – 2032 (Units) 189

TABLE NO. 170. : Africa Tire Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 190

TABLE NO. 171. : Africa Tire Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 190

TABLE NO. 172. : Africa Tire Market Volume, By Demand, 2018 – 2023 (Units) 191

TABLE NO. 173. : Africa Tire Market Volume, By Demand, 2024 – 2032 (Units) 191

TABLE NO. 174. : Africa Tire Market Revenue, By Demand, 2018 – 2023 (USD Million) 192

TABLE NO. 175. : Africa Tire Market Revenue, By Demand, 2024 – 2032 (USD Million) 192

TABLE NO. 176. : Africa Tire Market Volume, By Type of Tires, 2018 – 2023 (Units) 193

TABLE NO. 177. : Africa Tire Market Volume, By Type of Tires, 2024 – 2032 (Units) 193

TABLE NO. 178. : Africa Tire Market Revenue, By Type of Tires, 2018 – 2023 (USD Million) 194

TABLE NO. 179. : Africa Tire Market Revenue, By Type of Tires, 2024 – 2032 (USD Million) 194

TABLE NO. 180. : Africa Tire Market Volume, By Tube Type, 2018 – 2023 (Units) 195

TABLE NO. 181. : Africa Tire Market Volume, By Tube Type, 2024 – 2032 (Units) 195

TABLE NO. 182. : Africa Tire Market Revenue, By Tube Type, 2018 – 2023 (USD Million) 196

TABLE NO. 183. : Africa Tire Market Revenue, By Tube Type, 2024 – 2032 (USD Million) 196

TABLE NO. 184. : Africa Tire Market Volume, By Distribution Channel, 2018 – 2023 (Units) 197

TABLE NO. 185. : Africa Tire Market Volume, By Distribution Channel, 2024 – 2032 (Units) 197

TABLE NO. 186. : Africa Tire Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 198

TABLE NO. 187. : Africa Tire Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 198

Request A Free Sample

Request Free Sample

We prioritize the confidentiality and security of your data. Our promise: your information remains private.

Ready to Transform Data into Decisions?

Request Your Sample Report and Start Your Journey of Informed Choices

Providing the strategic compass for industry titans.

cr-clients-logos

Frequently Asked Questions

What is the current market size for the Tire market, and what is its projected size in 2032?

The tire market was valued at USD 329.5 billion in 2024 and is expected to reach USD 462.9 billion by 2032.

At what Compound Annual Growth Rate is the Tire market projected to grow between 2025 and 2032?

The tire market is projected to grow at a CAGR of 4.34% during the forecast period (2024–2032).

Which Tire market segment held the largest share in 2024?

The passenger car tire segment held the largest share of 48% in 2024, driven by high global vehicle ownership.

What are the primary factors fueling the growth of the Tire market?

Growth is fueled by rising vehicle production, expanding logistics, replacement demand, and advancements in tire technology.

Who are the leading companies in the Tire market?

Key players include Bridgestone, Michelin, Continental, Goodyear, Pirelli, Apollo Tyres, and Yokohama Rubber.

About Author

Sushant Phapale

Sushant Phapale

ICT & Automation Expert

Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.

View Profile

Related Reports

Industrial PoE Injector Market

Industrial PoE Injector Market size was valued USD 853.5 million in 2024 and is anticipated to reach USD 1499.69 million by 2032, at a CAGR of 7.3% during the forecast period.

Hand Tool Sets Market

The Hand Tool Sets Market was valued at USD 26.64 billion in 2024 and is projected to reach USD 34.22 billion by 2032, registering a CAGR of 3.18% during the forecast period.

Submersible Motors Market

The Submersible Motors Market was valued at USD 16.3 billion in 2024 and is projected to reach USD 26.73 billion by 2032, expanding at a CAGR of 6.38% during the forecast period.

High Precision Liquid Density Meter Market

The High Precision Liquid Density Meter Market was valued at USD 148 million in 2024 and is projected to reach USD 243.11 million by 2032, expanding at a CAGR of 6.4% during the forecast period.

Ball Screw Market

The Ball Screw Market was valued at USD 26.77 billion in 2024 and is projected to reach USD 46.83 billion by 2032, registering a CAGR of 7.24% during the forecast period.

Bakery Processing Equipment Market

The Bakery Processing Equipment market reached USD 14.02 billion in 2024. The market is expected to grow to USD 25 billion by 2032, supported by a CAGR of 7.5 % during the forecast period.

Low-Code Development Platform Market

Low-Code Development Platform Market size was valued USD 34.68 billion in 2024 and is anticipated to reach USD 230.29 billion by 2032, at a CAGR of 26.7% during the forecast period.

Mechanical Testing Equipment Market

The Mechanical Testing Equipment Market size was valued at USD 5,000.00 million in 2018 to USD 7,716.07 million in 2024 and is anticipated to reach USD 19,839.21 million by 2032, at a CAGR of 12.57% during the forecast period.

Europe HVAC Market

The Europe HVAC market size was valued at USD 68.8 Billion in 2024 and is anticipated to reach USD 110.48 Billion by 2032, at a CAGR of 6.1% during the forecast period.

Automotive Special Purpose Logic IC Market

The Automotive Special Purpose Logic IC Market was valued at USD 7.8 billion in 2024 and is anticipated to reach USD 12.33 billion by 2032, growing at a CAGR of 5.9% during the forecast period.

Cartridge Filling Machine Market

Cartridge Filling Machine market size was valued at USD 10.9 Billion in 2024 and is anticipated to reach USD 15.02 Billion by 2032, at a CAGR of 4.09% during the forecast period.

Biological Wastewater Treatment Market

Biological Wastewater Treatment Market size was valued USD 10.65 Billion in 2024 and is anticipated to reach USD 15.85 Billion by 2032, at a CAGR of 5.1% during the forecast period.

Licence Option

The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing. Use restricted to one purchaser only.
$4999

To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis. Unlimited users allowed within one corporate location (e.g., regional office).
$6999

The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc. research team. Permitted for unlimited global use by all users within the purchasing corporation, such as all employees of a single company.
$12999

Report delivery within 24 to 48 hours

Let us help you

Credence Staff 3

WILLIAM, North America

+1 304 308 1216

Support Staff at Credence Research

KEITH PHILLIPS, Europe

+44 7809 866 263

Lee - CR Sales Staff

LEE VALLANCE, Asia Pacific

+64 22 017 0275

Kieran Jameson

KIERAN JAMESON, Australia

+61 4192 46279

Request A Free Sample

Smallform of Sample request

What people say?

User Review

Thank you for the data! The numbers are exactly what we asked for and what we need to build our business case.

Materials Scientist
(privacy requested)

User Review

The report was an excellent overview of the Industrial Burners market. This report does a great job of breaking everything down into manageable chunks.

Imre Hof
Management Assistant, Bekaert

Trusted By

cr-clients-logos

Request Sample