Product Code: ETC13352574 | 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 Rubber Tyre Market was valued at USD 55 Billion in 2024 and is expected to reach USD 79.49 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Rubber Tyre Market is a highly competitive and dynamic industry driven by factors such as increasing vehicle production, expanding automotive aftermarket, and technological advancements in tire manufacturing. The market is segmented based on tire type (radial and bias), vehicle type (passenger cars, commercial vehicles, and others), and end-use (OEM and replacement). Key players in the market include Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Continental AG, and Pirelli & C. S.p.A. Asia Pacific region dominates the market due to the growing automotive industry in countries like China and India. Sustainable and eco-friendly tire solutions are gaining traction in the market as consumers become more environmentally conscious. Overall, the Global Rubber Tyre Market is expected to witness steady growth driven by technological advancements and increasing demand for vehicles worldwide.
The Global Rubber Tyre Market is witnessing several key trends and opportunities. One major trend is the increasing demand for eco-friendly and sustainable tires, driving manufacturers to innovate and offer products with lower rolling resistance and improved durability. Another trend is the rising adoption of electric vehicles, which require specialized tires for optimal performance. The market also presents opportunities for growth in emerging economies with expanding automotive industries and increasing vehicle ownership rates. Additionally, the shift towards autonomous vehicles and connected technologies is creating demand for advanced tire sensor systems. Overall, the market offers opportunities for companies to differentiate through technological advancements, sustainable practices, and targeting specific niche segments such as electric vehicles and autonomous driving applications.
The Global Rubber Tyre Market faces several challenges, including fluctuating raw material prices, intense competition, and regulatory issues related to environmental sustainability. The volatility in prices of key raw materials such as natural rubber and oil significantly impacts production costs for tyre manufacturers. Additionally, the market is highly competitive with numerous players vying for market share, leading to pricing pressures and the need for continuous innovation. Moreover, increasing regulations focusing on reducing carbon emissions and promoting eco-friendly products are forcing companies to invest in sustainable practices and technologies. Adapting to these challenges while meeting changing consumer preferences for performance, durability, and eco-friendliness poses a significant hurdle for companies operating in the Global Rubber Tyre Market.
The Global Rubber Tyre Market is primarily driven by factors such as increasing vehicle sales worldwide, growth in the automotive industry, and rising demand for replacement tires due to wear and tear. Additionally, advancements in tire technology, such as the development of eco-friendly and energy-efficient tires, are driving market growth. Furthermore, the expansion of the transportation and logistics sectors, coupled with infrastructural developments in emerging economies, are fueling the demand for rubber tires. The growing trend towards electric vehicles and the increasing focus on sustainability are also influencing market dynamics. Overall, the Global Rubber Tyre Market is expected to continue growing due to these drivers, with a focus on innovation and environmental consciousness shaping the future of the industry.
Government policies related to the Global Rubber Tyre Market vary by region, with key areas of focus including environmental regulations, trade policies, and industry standards. In the European Union, there are strict regulations on tire labeling and energy efficiency, aimed at reducing emissions and improving fuel economy. The United States has imposed tariffs on tire imports from certain countries, impacting market dynamics. Developing countries often have less stringent regulations, leading to concerns about quality standards and environmental impacts. Overall, government policies play a significant role in shaping the competitive landscape of the global rubber tyre market, influencing manufacturing practices, trade dynamics, and sustainability efforts within the industry. Stakeholders in the market must closely monitor and adapt to these policies to navigate the evolving regulatory environment effectively.
The Global Rubber Tyre Market is poised for steady growth in the coming years, driven by increasing demand for automobiles worldwide, especially in emerging economies. The market is expected to witness advancements in technology, leading to the development of innovative and sustainable tire solutions to meet the growing environmental concerns. Additionally, the shift towards electric vehicles and the adoption of smart tire technology are anticipated to further propel market growth. However, challenges such as volatile raw material prices and stringent regulations regarding tire disposal and recycling may impact market dynamics. Overall, the Global Rubber Tyre Market is projected to expand, supported by technological advancements, increasing vehicle sales, and a growing focus on sustainability and efficiency.
In the global rubber tire market, Asia-Pacific region is expected to dominate in terms of market share due to the presence of key automotive manufacturing countries such as China, Japan, and India. North America and Europe are also significant markets, driven by the high demand for tires in the automotive sector. The Middle East and Africa region is witnessing growth due to increasing investments in infrastructure development and transportation projects. Latin America is experiencing steady growth in the rubber tire market, supported by the expanding automotive industry in countries like Brazil and Mexico. Overall, the market in these regions is projected to grow steadily due to rising vehicle sales, increasing demand for replacement tires, and advancements in tire technology.
Global Rubber Tyre 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 Rubber Tyre Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Rubber Tyre Market Revenues & Volume, 2021 & 2031F |
3.3 Global Rubber Tyre Market - Industry Life Cycle |
3.4 Global Rubber Tyre Market - Porter's Five Forces |
3.5 Global Rubber Tyre Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Rubber Tyre Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Rubber Tyre Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Global Rubber Tyre Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Rubber Tyre Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Rubber Tyre Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Rubber Tyre Market Trends |
6 Global Rubber Tyre Market, 2021 - 2031 |
6.1 Global Rubber Tyre Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Rubber Tyre Market, Revenues & Volume, By Radial, 2021 - 2031 |
6.1.3 Global Rubber Tyre Market, Revenues & Volume, By Bias, 2021 - 2031 |
6.1.4 Global Rubber Tyre Market, Revenues & Volume, By Solid, 2021 - 2031 |
6.1.5 Global Rubber Tyre Market, Revenues & Volume, By Tubeless, 2021 - 2031 |
6.1.6 Global Rubber Tyre Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Rubber Tyre Market, Revenues & Volume, By Material, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Rubber Tyre Market, Revenues & Volume, By Rubber, 2021 - 2031 |
6.2.3 Global Rubber Tyre Market, Revenues & Volume, By Synthetic, 2021 - 2031 |
6.2.4 Global Rubber Tyre Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Rubber Tyre Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Rubber Tyre Market, Revenues & Volume, By Passenger Vehicles, 2021 - 2031 |
6.3.3 Global Rubber Tyre Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.3.4 Global Rubber Tyre Market, Revenues & Volume, By Industrial Equipment, 2021 - 2031 |
6.3.5 Global Rubber Tyre Market, Revenues & Volume, By Agricultural Machinery, 2021 - 2031 |
6.3.6 Global Rubber Tyre Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Rubber Tyre Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Rubber Tyre Market, Revenues & Volume, By On-road Use, 2021 - 2031 |
6.4.3 Global Rubber Tyre Market, Revenues & Volume, By Off-road Use, 2021 - 2031 |
6.4.4 Global Rubber Tyre Market, Revenues & Volume, By Heavy-duty Use, 2021 - 2031 |
6.4.5 Global Rubber Tyre Market, Revenues & Volume, By Farming Vehicles, 2021 - 2031 |
6.4.6 Global Rubber Tyre Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Rubber Tyre Market, Overview & Analysis |
7.1 North America Rubber Tyre Market Revenues & Volume, 2021 - 2031 |
7.2 North America Rubber Tyre Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Rubber Tyre Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Rubber Tyre Market, Revenues & Volume, By Material, 2021 - 2031 |
7.5 North America Rubber Tyre Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Rubber Tyre Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Rubber Tyre Market, Overview & Analysis |
8.1 Latin America (LATAM) Rubber Tyre Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Rubber Tyre Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Rubber Tyre Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Rubber Tyre Market, Revenues & Volume, By Material, 2021 - 2031 |
8.5 Latin America (LATAM) Rubber Tyre Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Rubber Tyre Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Rubber Tyre Market, Overview & Analysis |
9.1 Asia Rubber Tyre Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Rubber Tyre Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Rubber Tyre Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Rubber Tyre Market, Revenues & Volume, By Material, 2021 - 2031 |
9.5 Asia Rubber Tyre Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Rubber Tyre Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Rubber Tyre Market, Overview & Analysis |
10.1 Africa Rubber Tyre Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Rubber Tyre Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Rubber Tyre Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Rubber Tyre Market, Revenues & Volume, By Material, 2021 - 2031 |
10.5 Africa Rubber Tyre Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Rubber Tyre Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Rubber Tyre Market, Overview & Analysis |
11.1 Europe Rubber Tyre Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Rubber Tyre Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Rubber Tyre Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Rubber Tyre Market, Revenues & Volume, By Material, 2021 - 2031 |
11.5 Europe Rubber Tyre Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Rubber Tyre Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Rubber Tyre Market, Overview & Analysis |
12.1 Middle East Rubber Tyre Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Rubber Tyre Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Rubber Tyre Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Rubber Tyre Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Rubber Tyre Market, Revenues & Volume, By Material, 2021 - 2031 |
12.5 Middle East Rubber Tyre Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Rubber Tyre Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Rubber Tyre Market Key Performance Indicators |
14 Global Rubber Tyre Market - Export/Import By Countries Assessment |
15 Global Rubber Tyre Market - Opportunity Assessment |
15.1 Global Rubber Tyre Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Rubber Tyre Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Rubber Tyre Market Opportunity Assessment, By Material, 2021 & 2031F |
15.4 Global Rubber Tyre Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Rubber Tyre Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Rubber Tyre Market - Competitive Landscape |
16.1 Global Rubber Tyre Market Revenue Share, By Companies, 2024 |
16.2 Global Rubber Tyre Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |