Automotive Tire Market Size, Share, Trends, Growth and Forecast 2032
Automotive Tire Market By Vehicle Type(Passenger Cars, LCV (Light Commercial Vehicles), HCV (Heavy Commercial Vehicles)), By Tire Type(Radial, Bias), By Material(13-15, 16-18, 19-21, >21 inches), By Sales Channel(OEM, Aftermarket), and By Region: Global and Europe Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 129.62 Billion | USD 215.12 Billion | 5.79% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Automotive Tire Market, 2024-2032 (USD Million)
- 2.2. Automotive Tire Market: Snapshot
- Chapter 3. Automotive Tire Market - Industry Analysis
- 3.1. Automotive Tire Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Driver 1
- 3.2.2. Driver 2
- 3.3. Restraints
- 3.3.1. Restraint 1
- 3.3.2. Restraint 2
- 3.4. Opportunity
- 3.4.1. Government funding and support
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis By Type
- 3.6.2. Market attractiveness analysis By Vehicle Type
- 3.6.3. Market attractiveness analysis by Region
- Chapter 4. Automotive Tire Market- Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Automotive Tire Market: company market share, 2024
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Type launches
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Automotive Tire Market -Type Analysis
- 5.1. Global Automotive Tire Market overview: By Type type
- 5.1.1. Global Automotive Tire Market share, By Type, 2024-2032
- 5.2. Radial Tire
- 5.2.1. Global Automotive Tire Market by Radial Tire, 2024-2032 (USD Million)
- 5.3. Bias Tire
- 5.3.1. Global Automotive Tire Market by Bias Tire, 2024-2032 (USD Million)
- 5.1. Global Automotive Tire Market overview: By Type type
- Chapter 6. Global Automotive Tire Market -Vehicle Type Analysis
- 6.1. Global Automotive Tire Market overview: By Vehicle Type
- 6.1.1. Global Automotive Tire Market share, By Vehicle Type, 2024-2032
- 6.2. Passenger Cars
- 6.2.1. Global Automotive Tire Market By Passenger Cars, 2024-2032 (USD Million)
- 6.3. Light Commercial Vehicles
- 6.3.1. Global Automotive Tire Market By Light Commercial Vehicles, 2024-2032 (USD Million)
- 6.4. Heavy Commercial Vehicles
- 6.4.1. Global Automotive Tire Market By Heavy Commercial Vehicles, 2024-2032 (USD Million)
- 6.5. Two-Wheeler
- 6.5.1. Global Automotive Tire Market By Two-Wheeler, 2024-2032 (USD Million)
- 6.1. Global Automotive Tire Market overview: By Vehicle Type
- Chapter 7. Global Automotive Tire Market - Regional Analysis
- 7.1. Global Automotive Tire Market overview: by Region
- 7.1.1. Global Automotive Tire Marketshare, by Region, 2024-2032
- 7.2. North America
- 7.2.1. North America Automotive Tire Market, 2024-2032 (USD Million)
- 7.2.2. North America Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.2.3. North America Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.2.4. The U.S.
- 7.2.4.1. The U.S.Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.2.4.2. The U.S.Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.2.5. Rest of North America
- 7.2.5.1. Rest of North America Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.2.5.2. Rest of North America Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Automotive Tire Market, 2024-2032 (USD Million)
- 7.3.2. Europe Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.3.3. Europe Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.3.4. UK
- 7.3.4.1. U.K.Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.3.4.2. U.K.Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.3.5. France
- 7.3.5.1. France Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.3.5.2. France Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.3.6.2. Germany Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.3.7. Rest of Europe
- 7.3.7.1. Rest of EuropeAutomotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.3.7.2. Rest of EuropeAutomotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Automotive Tire Market, 2024-2032 (USD Million)
- 7.4.2. Asia Pacific Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.4.3. Asia Pacific Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.4.4. China
- 7.4.4.1. China Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.4.4.2. China Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Japan Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.4.5.2. Japan Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.4.6. India
- 7.4.6.1. India Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.4.6.2. India Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.4.7. Rest of Asia Pacific
- 7.4.7.1. Rest of Asia Pacific Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.4.7.2. Rest of Asia Pacific Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Automotive Tire Market, 2024-2032 (USD Million)
- 7.5.2. Latin America Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.5.3. Latin America Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Brazil Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.5.4.2. Brazil Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.5.5. Rest of LatinAmerica
- 7.5.5.1. Rest of LatinAmerica Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.5.5.2. Rest of LatinAmerica Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.6. The Middle East and Africa
- 7.6.1. The Middle East and Africa Automotive Tire Market, 2024-2032 (USD Million)
- 7.6.2. The Middle East and Africa Automotive Tire Market revenue, By Type, 2024-2032 (USD Million)
- 7.6.3. The Middle East and Africa Automotive Tire Market revenue, By Vehicle Type, 2024-2032 (USD Million)
- 7.1. Global Automotive Tire Market overview: by Region
- Chapter 8. Company Profiles
- 8.1. Bridgestone Corporation
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Type Portfolio
- 8.1.4. Business Strategy
- 8.1.5. Recent Developments
- 8.2. Continental AG
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Type Portfolio
- 8.2.4. Business Strategy
- 8.2.5. Recent Developments
- 8.3. Pirelli & C. S.p.A.
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Type Portfolio
- 8.3.4. Business Strategy
- 8.3.5. Recent Developments
- 8.4. Michelin
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Type Portfolio
- 8.4.4. Business Strategy
- 8.4.5. Recent Developments
- 8.5. The Goodyear Tyre & Rubber Co.
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Type Portfolio
- 8.5.4. Business Strategy
- 8.5.5. Recent Development
- 8.6. Sumitomo Rubber Industries Ltd.
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Type Portfolio
- 8.6.4. Business Strategy
- 8.6.5. Recent Development
- 8.7. Madras Rubber Factory Limited
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Type Portfolio
- 8.7.4. Business Strategy
- 8.7.5. Recent Development
- 8.8. The Yokohama Rubber Co. Ltd.
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Type Portfolio
- 8.8.4. Business Strategy
- 8.8.5. Recent Development
- 8.9. JK Tyre & Industries Ltd.
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Type Portfolio
- 8.9.4. Business Strategy
- 8.9.5. Recent Development
- 8.10. CEAT Ltd.
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Type Portfolio
- 8.10.4. Business Strategy
- 8.10.5. Recent Development
- 8.1. Bridgestone Corporation
Methodology
FrequentlyAsked Questions
Automobile tires, also known as car tires or simply tires, are essential components of the wheel assemblage of a vehicle. It is a circular, rubber casing that provides the required contact between the tire rim and the road surface.
Tyre demand is influenced directly by the expansion of the automotive sector as a whole, which includes the manufacturing and sale of passenger automobiles, commercial vehicles, and off-road vehicles. A surge in vehicle sales results in an augmented need for both replacement and original equipment manufacturer (OEM) tires.
Global automotive tire market size accrued earnings worth approximately USD 129.62 Billion in 2023 and is predicted to gain revenue of about USD 215.12 Billion by 2032.
Global automotive tire market is set to record a CAGR of nearly 5.79% over the period from 2024 to 2032.
In the Europe automotive tire market, the passenger car segment is poised to register high growth over the forecast period, owing to the rapid growth of passenger cars in this region.
The Goodyear Tire & Rubber Company (USA), Pirelli & C.S.p.A. (Italy), Apollo Tyres Ltd. (India), CEAT Ltd. (Italy), China National Tire & Rubber Co. Ltd. (China), Cooper Tire & Rubber Co., Ltd. (UK), Giti Tire (Singapore), Bridgestone Corporation (Japan), Continental AG (Germany), Michelin (France), Sumitomo Rubber Industries, Ltd. (Japan), Toyo Tire & Rubber Co., Ltd. (Japan), Yokohoma Tire Corporation (Japan), Maxxis International (Taiwan), Cheng Shin Rubber Industry Co. (China), Hangzhou Zhongce Rubber Co., Ltd. (China), Hankook Tire (South Korea), JK Tyre & Industries Ltd. (India), Kumho Tire Co., Inc. (South Korea), Nexen Tire Corporation (South Korea), Nokian Tyres plc (Finland), Qingdao Fullrun Tyre Corp., Ltd. (China)
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