The global automotive tire market is set for remarkable growth, projected to reach USD 982.23 billion by 2034, up from USD 570.20 billion in 2025, registering a CAGR of 6.36% during 2025–2034.
The industry is experiencing transformation driven by:
-
Growing adoption of radial tires in autonomous and passenger vehicles.
-
Government investments in tire manufacturing and rubber industry development.
-
Integration of smart sensors in tires to monitor pressure, temperature, and performance.
-
Rising demand for eco-friendly and sustainable tires.
The combination of technology integration and sustainability is shaping the future of the automotive tire industry worldwide.
Download a Sample of Our Market Intelligence: https://www.towardsautomotive.com/download-sample/1411
Key Highlights of the Automotive Tire Market
-
Asia Pacific held the largest revenue share in 2025.
-
North America is expected to grow at the fastest CAGR.
-
By type: Radial tires dominated the market, while Bias tires show promising growth.
-
By application: Passenger cars led in market share, with LCVs witnessing robust expansion.
-
By season: All-season tires dominated, while summer tires gained significant traction.
-
By rim size: 15–20 inches held the largest share, whereas above 20-inch tires are expected to expand notably.
Market Trends in 2025
Partnerships
Tire manufacturers are collaborating with automotive service providers. Example: JD Auto Service partnered with Continental Tire in March 2025 to enhance tire delivery and installation in China.
Government Investments
Governments are funding rubber industry development. Example: Government of India invested INR 708 crores in 2024 to boost natural rubber production.
Business Expansions
Companies are setting up new plants globally. Example: Yokohama opened a new production facility in China (July 2024) for passenger car tires.
Segment Insights
By Type: Radial vs Bias
-
Radial Tires dominated due to longer life, fuel efficiency, and superior handling. Continental launched new radial tires in India in January 2025.
-
Bias Tires are growing in tractors and heavy-duty vehicles, driven by durability and affordability. Titan International launched AgraVANTAGE tires in 2024 for 4WD tractors.
By Application: Passenger Cars vs LCVs
-
Passenger Cars remain the largest segment due to rising car ownership and demand for premium tires. Michelin invested INR 564 crores in India in March 2025 to expand passenger car tire production.
-
Light Commercial Vehicles (LCVs) are growing due to e-commerce and logistics demand. Hankook launched iON HT tires in July 2025 for LCVs.
By Season: All-Season vs Summer
-
All-season Tires dominated with versatile performance across geographies. Nokian Tyres launched new all-season tires in March 2025 in Europe.
-
Summer Tires gained traction in high-performance vehicles. EUROREPAR introduced Reliance Summer Tires in April 2025.
By Rim Size
-
15–20 inches dominate due to usage in sedans and compact SUVs.
-
Above 20 inches growing rapidly in EV buses and off-highway vehicles.
Regional Insights
Asia Pacific – Market Leader
-
Dominated by China, India, Japan, and South Korea.
-
Rapid industrialization, government support, and rising vehicle sales fuel growth.
-
Example: Apollo Tyres launched Aspire 5 EV tire in India (June 2025).
North America – Fastest Growth
-
Driven by EV adoption and tire recycling technology.
-
Goodyear launched Assurance MaxLife2 in July 2025 in the U.S. and Canada.
Value Chain Analysis
-
Raw Material Sourcing – Rubber, carbon black, metals, textiles. Key firms: GRP Ltd, Apcotex Industries, Indag Rubber.
-
Manufacturing – Compounding, tire building, curing. Key players: Michelin, Bridgestone, Goodyear.
-
Distribution – OEM supply and aftermarket via distributors. Key companies: TBC Corporation, American Tire Distributors.
Industry Leaders – Company Profiles
1. Michelin Group
About: Headquartered in France, Michelin is one of the largest tire manufacturers globally.
Products: Passenger car tires, commercial vehicle tires, aviation tires, specialty tires.
Market Cap: Approx. USD 27 billion (2025).
2. Bridgestone Corporation
About: A Japanese multinational, Bridgestone leads in innovation and sustainability.
Products: Radial tires, truck/bus tires, off-road and specialty tires.
Market Cap: Approx. USD 38 billion (2025).
3. Goodyear Tire & Rubber Company
About: A U.S.-based global tire manufacturer with strong North American presence.
Products: Passenger and commercial vehicle tires, aviation tires, racing tires.
Market Cap: Approx. USD 3.8 billion (2025).
4. Continental AG
About: A German technology company specializing in tires and automotive safety systems.
Products: Radial tires, premium car tires, smart sensor-based tires.
Market Cap: Approx. USD 18 billion (2025).
5. Pirelli & C. S.p.A.
About: An Italian tire manufacturer known for high-performance tires.
Products: Passenger car, motorsport, and specialty tires.
Market Cap: Approx. USD 5.6 billion (2025).
6. Hankook Tire & Technology
About: A South Korean tire manufacturer with expanding global presence.
Products: Passenger car tires, truck/bus tires, LCV tires.
Market Cap: Approx. USD 5 billion (2025).
7. Sumitomo Rubber Industries
About: A Japanese multinational with a wide range of tire and rubber products.
Products: Passenger, truck, and off-road tires.
Market Cap: Approx. USD 4.2 billion (2025).
Invest in Our Premium Strategic Solution: https://www.towardsautomotive.com/price/1411
Recent Developments
-
Nexen Tire launched Roadian ATX off-road tires in Australia (Aug 2025).
-
Bridgestone introduced W920 Radial Drive Tire for truck fleets (Aug 2025).
-
Marangoni launched RD3 tires to improve passenger car mileage (Aug 2025).
Frequently Asked Questions
Q1. What is the projected size of the automotive tire market by 2034
The market is projected to reach USD 982.23 billion by 2034.
Q2. Which region dominated the automotive tire market in 2025
Asia Pacific dominated due to high vehicle production and government support.
Q3. Which tire type held the largest share in 2025
Radial tires dominated because of better durability, handling, and fuel efficiency.
Q4. Which companies are leading the global automotive tire market
Top players include Michelin, Bridgestone, Goodyear, Continental, Pirelli, Hankook, and Sumitomo Rubber.
Q5. What are the major trends shaping the automotive tire market
Key trends include partnerships, government investments, eco-friendly tire innovations, and expansion of smart sensor-integrated tires.
Source : https://www.towardsautomotive.com/insights/automotive-tire-market-sizing
Access our exclusive, data-rich dashboard dedicated to the respective market built specifically for decision-makers, strategists, and industry leaders. The dashboard features comprehensive statistical data, segment-wise market breakdowns, regional performance shares, detailed company profiles, annual updates, and much more. From market sizing to competitive intelligence, this powerful tool is one-stop solution to your gateway.
Access Now: https://www.towardsautomotive.com/contact-us
Become a Valued Research Partner with Us – Schedule a meeting: https://www.towardsautomotive.com/schedule-meeting
Request a Custom Case Study Built Around Your Goals: sales@towardsautomotive.com
About Us
Towards Automotive is a leading research and consulting firm specializing in the global automotive industry. We deliver actionable insights across key segments such as electric vehicles (EVs), autonomous driving, connected cars, automotive software, aftermarket services, and more. Our expert team supports both global enterprises and start-ups with tailored research on market trends, technology, and consumer behavior. With a focus on accuracy and innovation, we empower clients to make informed decisions and stay competitive in a rapidly evolving landscape.
Stay Connected with Towards Automotive:
- Find us on Social Platforms: LinkedIn | Twitter | Instagram
- Subscribe to Our Newsletter: Towards AutoTech
- Read Our Printed Chronicle: Automotive Web Wire
- Visit Towards Automotive for In-depth Market Insights: Towards Automotive
- APAC: +91 9356 9282 04 | Europe: +44 778 256 0738 | North America: +1 8044 4193 44
Get ahead of the trends – follow us for exclusive insights and industry updates: