Automotive Tire Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast 2025 to 2035
The global automotive tire market is projected to grow from USD 256.1 billion in 2025 to USD 471.7 billion by 2035, registering a robust CAGR of 6.3%. This expansion is driven by rising global vehicle production, increasing ownership in emerging economies, and technological advancements such as smart tires, low rolling resistance designs, and sustainable materials. With the surge in electric and autonomous vehicles, demand for specialized, high-performance tires is accelerating, transforming the tire industry into a hub of innovation and efficiency.
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Market Trends Highlighted
- Rising
Demand in Emerging Economies:
Higher disposable incomes and expanding middle-class populations in Asia-Pacific, Latin America, and Africa driving new vehicle sales and tire replacement demand. - Growth
of Electric Vehicle (EV) Segment:
Increasing need for EV-specific tires designed for low rolling resistance, extended range, and reduced road noise. - Adoption
of Smart Tire Technologies:
Integration of sensors to monitor pressure, temperature, tread wear, and road conditions in real-time for enhanced safety and performance. - Shift
Towards Sustainable Materials:
Use of bio-based rubbers, recycled plastics, and eco-friendly manufacturing processes to meet regulatory and environmental goals. - Focus
on Fuel Efficiency:
Development of lightweight, aerodynamic tire designs to improve fuel economy in ICE vehicles and range in EVs. - Advances
in Manufacturing & Design:
Use of nanomaterials, advanced polymers, and AI-driven design processes to produce tires with higher durability and adaptive performance. - Premium
& Performance Tire Demand:
Growing luxury and sports vehicle sales spurring the adoption of ultra-high-performance (UHP) tires with superior grip and handling.
Key Takeaways of the Report
- Market
Size & Growth:
Projected market growth from USD 256.1 billion (2025) to USD 471.7 billion (2035) at a CAGR of 6.3%. - EV
Impact:
Significant rise in demand for EV-compatible tires with specialized compounds for efficiency and noise control. - Technology
Integration:
Smart tires expected to gain traction in both consumer and commercial vehicle segments. - Material
Innovation:
Sustainable and recyclable materials gaining importance due to stricter environmental regulations. - High-Growth
Regions:
United Kingdom, India, China, and Germany forecast to lead growth, each posting a CAGR above 6.8%.
Market Share
Highlights: Passenger Vehicles & Radial Tires
The passenger vehicle segment is projected to hold a 48.0%
market share in 2025, driven by increasing car ownership and a growing demand
for advanced, efficient tires. Simultaneously, radial tires are set to dominate
the tire structure market with a 62.0% share, thanks to their superior
durability, fuel efficiency, and handling capabilities. Both sectors are adapting
to new demands for EV-specific and sustainable tire technologies, solidifying
their leading positions.
Regional Market Outlook
United Kingdom (CAGR: 7.2%)
- Strong
shift towards EV adoption and premium vehicle sales driving demand for
advanced, low-noise, and performance-oriented tires.
- Government’s
net-zero targets accelerating adoption of sustainable and eco-friendly
tire manufacturing.
India (CAGR: 6.9%)
- Rising
vehicle ownership, rapid urbanization, and a booming two-wheeler segment
contributing to high tire demand.
- Growing
interest in radialization and tubeless tires for improved safety and
performance.
United States (CAGR: 5.4%)
- Steady
demand from replacement tire market and strong growth in pickup truck and
SUV segments.
- Expansion
of smart tire adoption for commercial fleets to improve safety and reduce
downtime.
China (CAGR: 6.8%)
- Leading
role in EV production and adoption fueling demand for specialized, energy-efficient
tires.
- Rapid
infrastructure development supporting long-haul commercial vehicle tire
sales.
Germany (CAGR: 7.1%)
- Growth
in luxury and high-performance automotive segments boosting UHP and
run-flat tire adoption.
- Stringent
EU emission and sustainability regulations encouraging eco-friendly tire
production.
Leading Suppliers of
Automotive Tire
·
Bridgestone Corporation
·
Michelin
·
The Hercules Tire and Rubber Company
·
Continental AG
·
Nitto tires
·
Pirelli and C. S.p.A.
·
Yokohama Rubber Company Limited
·
Zhongce Rubber Group Co., Ltd.
·
Cheng Shin Rubber Ind. Co. Ltd.
·
Goodyear Tire and Rubber Company
Key Segments in
Automotive Tire Market
By Vehicle Type:
In terms of vehicle type, the industry is divided into 2
Wheeler, 3 Wheeler, Passenger Vehicle, Commercial Vehicle, and Specialty
Vehicle.
By Tire Structure:
In terms of tire structure, the industry is divided into
Radial (Tubes, Tubeless), and Bias.
By Sales Channel:
In terms of sales channel, the industry is divided into OEM,
and Aftermarket.
By Region:
Key countries of North America, Latin America, Western
Europe, Eastern Europe, East Asia, South Asia, Middle East and Africa (MEA),
have been covered in the report.
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