Product Code: ETC13292505 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Automotive Tire Market was valued at USD 180 Billion in 2024 and is expected to reach USD 266.5 Billion by 2031, growing at a compound annual growth rate of 6.30% during the forecast period (2025-2031).
The Global Automotive Tire Market is a dynamic and competitive industry driven by factors such as increasing vehicle production, technological advancements, and the rise in demand for fuel-efficient tires. The market is characterized by key players like Bridgestone, Michelin, and Goodyear, who continuously invest in research and development to offer innovative products. The market is segmented based on tire type (radial and bias), vehicle type (passenger cars, commercial vehicles), and sales channel (OEMs and aftermarket). Emerging trends in the market include the growing demand for green tires, self-sealing tires, and the integration of sensors for tire monitoring. Regional markets such as Asia-Pacific and North America hold significant market shares due to the high vehicle penetration rates in these regions. Overall, the Global Automotive Tire Market is projected to witness steady growth in the coming years.
The Global Automotive Tire Market is experiencing several key trends and opportunities. One notable trend is the growing demand for eco-friendly and sustainable tires, driven by increasing environmental concerns and regulations. Another trend is the rising popularity of smart tires equipped with advanced technologies like tire pressure monitoring systems and sensors for improved safety and performance. Additionally, the shift towards electric vehicles and autonomous driving is creating opportunities for specialized tires that cater to the unique needs of these vehicles. The market also presents opportunities for innovation in materials and designs to enhance tire durability, performance, and fuel efficiency. Overall, manufacturers in the Global Automotive Tire Market have the chance to capitalize on these trends by offering innovative and sustainable tire solutions to meet the evolving needs of consumers and the automotive industry.
The Global Automotive Tire Market faces several challenges, including intense competition among key players, fluctuating raw material prices, and stringent government regulations related to tire manufacturing and safety standards. The market is also impacted by the shift towards electric vehicles and the increasing demand for fuel-efficient tires, which require significant investments in research and development. Additionally, the emergence of alternative forms of transportation, such as ride-sharing services and autonomous vehicles, poses a threat to traditional car ownership and subsequently, tire sales. Manufacturers in the automotive tire market must continuously innovate and adapt to these challenges to remain competitive and meet the evolving needs of consumers and regulatory requirements.
The Global Automotive Tire Market is primarily driven by factors such as the increasing production and sales of vehicles worldwide, growing demand for fuel-efficient tires to reduce carbon emissions, rising investments in research and development for advanced tire technologies, and the expanding automotive aftermarket sector. Additionally, the surge in demand for electric vehicles is influencing the market as electric cars require specialized tires to meet their specific performance requirements. Moreover, the emphasis on safety and comfort features in vehicles is propelling the demand for high-quality tires with advanced features such as enhanced traction, durability, and noise reduction capabilities. These factors collectively contribute to the growth of the Global Automotive Tire Market.
Government policies related to the Global Automotive Tire Market vary by country but generally focus on safety, environmental sustainability, and quality standards. Many countries have regulations in place regarding tire labeling, performance standards, and testing requirements to ensure consumer safety and environmental protection. Additionally, some governments offer incentives or subsidies for the production or use of eco-friendly tires to reduce carbon emissions and promote sustainability in the automotive industry. Quality control measures are also enforced through government policies to maintain the overall standard of tires available in the market, ensuring that consumers have access to reliable and durable products. Overall, government policies play a significant role in shaping the automotive tire market by addressing safety, environmental concerns, and quality standards.
The Global Automotive Tire Market is expected to witness steady growth in the coming years due to increasing vehicle production, expanding automotive aftermarket, and growing demand for high-performance tires. Factors such as rising disposable income, urbanization, and the shift towards electric vehicles are also likely to drive market growth. Additionally, advancements in tire technology, such as the development of smart tires and eco-friendly materials, are expected to further propel market expansion. However, challenges such as fluctuating raw material prices and regulatory pressures on tire manufacturing processes may impact the market. Overall, the Global Automotive Tire Market is anticipated to experience moderate growth driven by technological innovations and evolving consumer preferences.
In the Global Automotive Tire Market, Asia is a key region experiencing significant growth due to the expanding automotive industry in countries like China and India. North America is characterized by a mature market with a high demand for premium tires and a focus on technological advancements. Europe boasts a strong presence of leading tire manufacturers and strict regulations promoting sustainable and fuel-efficient tires. The Middle East and Africa region is witnessing growth driven by increasing vehicle sales and infrastructure development. Latin America is experiencing steady growth, with a rising demand for replacement tires and a shift towards eco-friendly options. Overall, the global automotive tire market is diverse, with each region presenting unique opportunities and challenges for tire manufacturers and suppliers.
Global Automotive Tire Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Automotive Tire Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Automotive Tire Market Revenues & Volume, 2021 & 2031F |
3.3 Global Automotive Tire Market - Industry Life Cycle |
3.4 Global Automotive Tire Market - Porter's Five Forces |
3.5 Global Automotive Tire Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Automotive Tire Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Global Automotive Tire Market Revenues & Volume Share, By Tire Type, 2021 & 2031F |
3.8 Global Automotive Tire Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Global Automotive Tire Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
4 Global Automotive Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Automotive Tire Market Trends |
6 Global Automotive Tire Market, 2021 - 2031 |
6.1 Global Automotive Tire Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Automotive Tire Market, Revenues & Volume, By Passenger Car, 2021 - 2031 |
6.1.3 Global Automotive Tire Market, Revenues & Volume, By Commercial vehicle, 2021 - 2031 |
6.2 Global Automotive Tire Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Automotive Tire Market, Revenues & Volume, By Radial Tires, 2021 - 2031 |
6.2.3 Global Automotive Tire Market, Revenues & Volume, By Bias Ply Tires, 2021 - 2031 |
6.3 Global Automotive Tire Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Automotive Tire Market, Revenues & Volume, By Offline, 2021 - 2031 |
6.3.3 Global Automotive Tire Market, Revenues & Volume, By E-commerce, 2021 - 2031 |
6.3.4 Global Automotive Tire Market, Revenues & Volume, By Direct Sales, 2021 - 2031 |
6.4 Global Automotive Tire Market, Revenues & Volume, By Material Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Automotive Tire Market, Revenues & Volume, By Rubber, 2021 - 2031 |
6.4.3 Global Automotive Tire Market, Revenues & Volume, By Synthetic Materials, 2021 - 2031 |
7 North America Automotive Tire Market, Overview & Analysis |
7.1 North America Automotive Tire Market Revenues & Volume, 2021 - 2031 |
7.2 North America Automotive Tire Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Automotive Tire Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.4 North America Automotive Tire Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
7.5 North America Automotive Tire Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
7.6 North America Automotive Tire Market, Revenues & Volume, By Material Type, 2021 - 2031 |
8 Latin America (LATAM) Automotive Tire Market, Overview & Analysis |
8.1 Latin America (LATAM) Automotive Tire Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Automotive Tire Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Automotive Tire Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.4 Latin America (LATAM) Automotive Tire Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
8.5 Latin America (LATAM) Automotive Tire Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8.6 Latin America (LATAM) Automotive Tire Market, Revenues & Volume, By Material Type, 2021 - 2031 |
9 Asia Automotive Tire Market, Overview & Analysis |
9.1 Asia Automotive Tire Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Automotive Tire Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Automotive Tire Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.4 Asia Automotive Tire Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
9.5 Asia Automotive Tire Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9.6 Asia Automotive Tire Market, Revenues & Volume, By Material Type, 2021 - 2031 |
10 Africa Automotive Tire Market, Overview & Analysis |
10.1 Africa Automotive Tire Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Automotive Tire Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Automotive Tire Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.4 Africa Automotive Tire Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
10.5 Africa Automotive Tire Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10.6 Africa Automotive Tire Market, Revenues & Volume, By Material Type, 2021 - 2031 |
11 Europe Automotive Tire Market, Overview & Analysis |
11.1 Europe Automotive Tire Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Automotive Tire Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Automotive Tire Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.4 Europe Automotive Tire Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
11.5 Europe Automotive Tire Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11.6 Europe Automotive Tire Market, Revenues & Volume, By Material Type, 2021 - 2031 |
12 Middle East Automotive Tire Market, Overview & Analysis |
12.1 Middle East Automotive Tire Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Automotive Tire Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Automotive Tire Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Automotive Tire Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.4 Middle East Automotive Tire Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
12.5 Middle East Automotive Tire Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12.6 Middle East Automotive Tire Market, Revenues & Volume, By Material Type, 2021 - 2031 |
13 Global Automotive Tire Market Key Performance Indicators |
14 Global Automotive Tire Market - Export/Import By Countries Assessment |
15 Global Automotive Tire Market - Opportunity Assessment |
15.1 Global Automotive Tire Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Automotive Tire Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.3 Global Automotive Tire Market Opportunity Assessment, By Tire Type, 2021 & 2031F |
15.4 Global Automotive Tire Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
15.5 Global Automotive Tire Market Opportunity Assessment, By Material Type, 2021 & 2031F |
16 Global Automotive Tire Market - Competitive Landscape |
16.1 Global Automotive Tire Market Revenue Share, By Companies, 2024 |
16.2 Global Automotive Tire Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |