Goodyear was the top brand for replacement consumer tires in the United States in 2022. Goodyear held a market share of **** percent in the passenger vehicle segment and **** percent in the light truck segment.

Michelin held **** percent of the global tire market in 2022, making it the largest tire manufacturer worldwide in terms of sales. Bridgestone ranked second with a share of **** percent of the global tire market.

As of April 2024, Hankook Tire took up the largest share of tire sales in South Korea, with around **** percent. It was followed by Kumho Tire with a little over ** percent. Foreign tire manufacturers such as Michelin, Continental, Bridgestone, and Pirelli were also featured on the list of leading tire companies in the country.

Tires Market size was valued at USD 139.98 Billion in 2023 and is projected to reach USD 180.52 Billion by 2030, growing at a CAGR of 3.7% during the forecast period 2024-2030.Global Tires Market DriversThe market drivers for the Tires Market can be influenced by various factors. These may include:Sales and Production of Vehicles: The manufacture and sales of automobiles, including passenger cars, trucks, and off-road vehicles, have a significant impact on the overall demand for tyres. An increase in car sales usually results in a rise in tyre demand.Demand for Replacement Tyres: Due to wear and tear, punctures, and other damage, cars need new tyres, which drives the replacement tyre industry. The frequency of tyre replacements is influenced by economic factors, including consumer confidence and income levels.Regulatory Environment: Market dynamics and product development are influenced by regulations pertaining to tyre labelling, safety standards, and environmental considerations (such as tyre recycling and eco-friendly materials).Technological Advancements: Market growth and differentiation are driven by tyre innovations such as self-sealing tyres, run-flat tyres, and smart tyres that have sensors to monitor temperature and pressure.Prices of Raw Materials: Changes in the cost of natural rubber, synthetic rubber, and steel in particular can have an effect on the price of tyres on the market as well as the expenses associated with producing them.Weather: Seasonal variations in the weather have an impact on tyre sales. For instance, all-weather tyres are more common in areas with less drastic weather swings, yet winter tyres are more in demand in colder locations.Customer Tastes: Market trends and product offers are influenced by shifting consumer tastes, which include a move towards premium tyres for increased performance, safety, and durability.Distribution Channels: Consumer choices and market accessibility are influenced by the effectiveness and reach of distribution channels, which include online sales platforms.Competitive Landscape: The dynamics of the market and competitiveness are shaped by the existence of large tyre producers, their pricing policies, and their new product developments.

The global passenger car tires aftermarket is a substantial market, valued at $125.79 billion in 2025. While the provided CAGR is missing, a conservative estimate, considering consistent growth in the automotive sector and increasing tire replacement needs due to wear and tear, vehicle age, and changing consumer preferences (such as performance tires), would place the CAGR between 4-6% for the forecast period (2025-2033). This suggests robust market expansion, potentially reaching $180 billion to $200 billion by 2033. Growth is driven by several factors: increasing vehicle ownership, especially in developing economies, a rising preference for high-performance tires, the expanding online tire sales channels offering convenience and competitive pricing, and the increasing need for tire replacements due to road conditions and vehicle usage. Market segmentation reveals significant opportunities within specific tire sizes (17" and below, 18" and above), sales channels (online versus offline), and geographical regions. Developed markets like North America and Europe exhibit a mature yet still growing market driven by replacement demand and premium tire adoption. Emerging markets in Asia-Pacific and parts of South America display higher growth potential, fueled by rising vehicle sales and increasing disposable incomes. However, challenges exist. Fluctuations in raw material prices (rubber, synthetic materials), economic downturns affecting consumer spending, and stringent environmental regulations impacting tire production and disposal all influence market dynamics. The competitive landscape is dominated by major global players like Michelin, Bridgestone, Goodyear, and Continental, alongside several strong regional players. These established brands leverage their brand recognition, technological advancements, and extensive distribution networks to maintain market share. However, emerging tire manufacturers are progressively gaining ground through aggressive pricing and innovative product offerings.

The Report Covers Global Agricultural Tires Market Size and It is Segmented by Sales Channel Type (OEM and Replacement/Aftermarket), Application Type (Tractors, Combine Harvesters, Sprayers, Trailers, Loaders, and Other Application Types), Tire Type (Bias Tires and Radial Tires), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Size is Provided in Terms of Value (USD) for all the Segments.

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Automotive Premium Tires Market Size 2024-2028

The automotive premium tires market size is forecast to increase by USD 37.39 billion at a CAGR of 11.54% between 2023 and 2028.

The market is experiencing significant growth, driven by several key trends. One of the primary factors fueling market expansion is the increasing penetration of Tire Pressure Monitoring Systems (TPMS) in truck tires. This technology enhances safety and efficiency, leading to a higher demand for premium tires. Another trend is the rising preference for environment-friendly tires, as consumers become more conscious of their carbon footprint. Price fluctuations of rubber, a crucial raw material, also impact market dynamics. Manufacturers employ advanced manufacturing technology, including synthetic rubber and elastomer grades, to produce high-performing, durable, and affordable tires. Despite these growth opportunities, the market faces challenges such as intense competition and the high cost of premium tires, which may limit market penetration among price-sensitive consumers. Overall, the market is poised for steady growth, with a focus on innovation, sustainability, and cost competitiveness.

What will be the Size of the Automotive Premium Tires Market During the Forecast Period?

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The automotive premium tire market caters to vehicle owners seeking superior performance, durability, and sustainability In their tire purchases. Premium tires offer enhanced fuel economy, convenience, and product differentiation, making them an attractive choice for both personal and commercial applications. Manufacturing technology advances continue to drive innovation, with OEMs integrating premium tires as standard equipment on new vehicles. Aftermarket sales of premium tires are also, driven by the increasing popularity of SUVs, crossover vehicles, and commercial fleet operators. Cost-effective retreaded tires provide an alternative for those seeking affordability without compromising on performance or durability. Sustainability is a growing trend In the market, with manufacturers focusing on producing eco-friendly tires using green energy and advanced materials.
Premium tires are also favored in various sectors, including motorsports events, sports, racing, and extreme terrain rallies, where superior traction and durability are essential. Operating costs remain a key consideration, with manufacturers striving to balance affordability and performance.

How is this Automotive Premium Tires Industry segmented and which is the largest segment?

The automotive premium tires industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Replacement
  OEM


Geography

  North America

    US


  APAC

    China
    Japan


  Europe

    Germany
    France


  Middle East and Africa



  South America

By End-user Insights

The replacement segment is estimated to witness significant growth during the forecast period.

The premium tires market experienced significant growth in North America and Europe, accounting for nearly 80% of sales in 2023. The replacement tire segment's expansion is primarily driven by the balance between a premium tire's performance and lifespan. Automotive premium tire manufacturers prioritize safety, comfort, and performance during design and development. These tires offer low rolling resistance, which enhances overall performance but results in faster wear and tear. Consequently, the replacement frequency for premium tires is higher than conventional tires due to their shorter lifetimes. Additionally, premium tires contribute to fuel economy and offer convenience to vehicle owners.

Commercial fleet operators and commercial vehicles, including SUVs, crossover vehicles, and construction vehicles, also utilize premium tires for their durability and cost-effectiveness In the long run. Innovative products In the tire manufacturing industry, such as radial tires and 3D printing, further enhance the market's growth.

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The Replacement segment was valued at USD 28.45 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 38% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market, specifically the US, Canada, and Mexico, holds a significant share In the market. The focus on maintenance, replacement, and fuel economy, as well as the convenienc

The European automotive tire market will be valued at USD 75 billion in 2025, reflecting a 12.3% increase from its 2023 valuation of USD 68.4 billion. With a much higher forecasted value of USD 115.3 billion in 2035, the market will experience a 4.8% annual growth rate (CAGR).

Metric	Value
Estimated Market Size in 2025	USD 75 billion
Projected Market Size in 2035	USD 115.3 billion
CAGR (2025 to 2035)	4.8%

Country-wise Analysis

Country	CAGR (2025 to 2035)
Germany	6.8%
France	6.5%
Italy	6.4%
China	4.8%
Spain	6.3%
Netherland	6.6%

Competitive Outlook

Company Name	Estimated Market Share %
Michelin	20-25%
Continental AG	15-20%
Bridgestone Corporation	12-16%
Goodyear Tire & Rubber Company	10-14%
Pirelli & C. S.p.A	6-10%
Other Companies (combined)	30-40%

Japan Tire Market sales volume was 121.29 million units in 2024 and is projected to reach 136.29 million units in 2030.

Tire Market size was valued at around USD 264.68 billion in 2024 and is projected to reach USD 394.55 billion by 2030, at 6.88% CAGR (2025-30).

Tire manufacturers depend on new vehicle sales and upbeat consumer sentiment to drive tire upgrades and replacements. Rising borrowing costs and mounting economic uncertainty pressured new vehicle sales and dampened consumer spending, negatively impacting tire manufacturers. Revenue is expected to decline at a CAGR of 1.8% to $3.9 billion through the end of 2024, despite growth of 1.4% in 2024. Incumbent enterprises maintain a strong presence. Economies of scale allow established businesses to operate fewer factories and relocate production to lower-wage countries that drive optimization and improve their financial standing. Domestically, rising wage costs challenged enterprises, particularly those lacking economies of scale. Price competition and intermittent plant closures reduced profit and slowed the growth of new enterprises. A growing emphasis on environmental concerns and fuel efficiency spurred demand for fuel-efficient tires. As major companies prioritized investment into cash-flow-producing ventures and divested risky segments, small businesses continued dragging on the broader profit. Consumers are anticipated to shift away from economy-class tires and invest in higher-quality replacements. The market for new vehicles is poised for expansion, driven by looser monetary policy and declining borrowing rates. Tires that enhance gas mileage are expected to see rising interest as total trade value expands amid stabilizing geopolitical tensions and ending supply chain disruptions. The industry will continue to adapt by developing fuel-efficient tires to meet cost-conscious consumer demands, with research and development being focused on high-performance and low-emission products. Industry revenue is set to expand by a CAGR of 2.5% to an estimated $4.4 billion through the end of 2029.

Run Flat Tire Market size was valued at USD 5.26 billion in 2024 and is projected to reach USD 6.66 billion by 2030, at a CAGR of 4.02% during 2025–30.

According to Cognitive Market Research, the global B2B E-Commerce for Tyre market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Off-road Tire type category is the fastest growing segment of the B2B E-Commerce for Tyre industry

Market Dynamics of B2B E-Commerce for Tyre Market

Key Drivers for B2B E-Commerce for Tyre Market

Growth In Online Platforms Offering A Variety Of Tire Brands For Businesses To Boost Market Growth

The rise of online platforms showcasing a wide range of tire brands has become a key driver for the B2B E-Commerce for Tyre Market. These platforms simplify the purchasing process for businesses by offering numerous options in one convenient location. Companies can easily explore and compare various tire brands to find the ones that best suit their specific needs. The availability of diverse products ensures that businesses can make informed choices for their fleets or commercial requirements. With features like detailed product descriptions, competitive pricing, and streamlined ordering systems, these platforms provide an efficient alternative to traditional buying methods. This growing trend of digital tire shopping is transforming how businesses procure tires, fueling the market's expansion. For instance, in December 2020, Goodyear Tire launched Fleet Central, an interactive portal designed for fleet tire management. This platform enables fleets to purchase tires, activate services, and gain insights into their tire programs all in one place. Fleet Central features a user-friendly dashboard that allows real-time monitoring of tire performance, scheduling of emergency and scheduled services, tracking of tire deliveries, and management of retreading activities, ultimately helping fleets make informed decisions and improve efficiency.

Rising Demand for Streamlined Procurement Processes in The Tire Industry To Drive Market Growth

The expansion of online platforms providing a wide selection of tire brands is a significant factor driving the B2B E-Commerce for Tyre Market. These platforms cater specifically to businesses, offering convenience by consolidating multiple tire brands and options in one digital space. Companies benefit from the ability to browse, compare, and purchase tires effortlessly without the need for traditional in-person dealings. The variety of products ensures that businesses can find tires that meet their specific requirements, whether for fleet management, commercial use, or other purposes. With user-friendly interfaces and tailored services, these platforms make the buying process quicker and more efficient, fueling their popularity among businesses and boosting the growth of the B2B e-commerce sector for tires..

Restraint Factor for the B2B E-Commerce for Tyre Market

Concerns Over Payment Security and Fraud in Online Transactions, Will Limit Market Growth

Concerns about payment security and the risk of fraud in online transactions are significant challenges for the B2B E-commerce for the tyre market. Businesses often hesitate to use online platforms due to fears of financial loss or compromised data. Issues like unclear transaction policies, unreliable payment gateways, and inadequate fraud protection systems contribute to this apprehension. Such concerns can lead companies to favor traditional purchasing methods over digital ones, slowing the market’s growth. Addressing these challenges requires implementing robust security measur...

This statistic shows the market share of the leading tire manufacturers worldwide in 2009. In that year, Bridgestone had a global tire market share of **** percent.

The global automotive summer tire market is experiencing robust growth, driven by several key factors. Rising vehicle ownership, particularly in developing economies like India and China, fuels significant demand. The increasing preference for high-performance vehicles and SUVs, which require specialized summer tires, further contributes to market expansion. Technological advancements leading to improved tire safety, fuel efficiency, and longer tread life are also major drivers. Consumers are increasingly prioritizing safety and performance, leading to a shift towards premium summer tire brands offering enhanced grip and handling capabilities, especially in regions with distinct summer seasons. While fluctuating raw material prices pose a challenge, the market's overall growth trajectory remains positive, fueled by consistent demand and innovation within the industry. The market segmentation reveals a strong preference for specific tire types and applications catering to diverse consumer preferences and vehicle types. Leading players like Goodyear, Michelin, and Bridgestone are leveraging advanced manufacturing techniques and strategic partnerships to maintain market share and meet growing demand. The competitive landscape is characterized by intense innovation and strategic expansion to capitalize on emerging market opportunities in both developed and developing regions. Regional variations exist, with North America and Europe currently holding substantial market share, while Asia-Pacific is projected to witness significant growth in the coming years due to increased vehicle production and sales. The forecast period (2025-2033) anticipates continued growth, albeit potentially at a slightly moderated pace compared to previous years. This moderation could stem from economic factors influencing consumer spending or potential shifts in transportation preferences. However, ongoing investments in research and development, focused on creating sustainable and high-performance tires, will likely counteract these potential slowdowns. The market's future will be shaped by factors including the global economic outlook, the adoption of electric vehicles (which may influence tire design and demand), and the ongoing focus on sustainability in the automotive industry. The competitive landscape will remain fiercely contested, with established players and new entrants vying for market share through product differentiation, technological innovation, and strategic partnerships.

Discover the largest tire companies in the world and their market share. From Michelin to Pirelli, learn about their product portfolio and global presence. Find the perfect tires for your vehicle with a wide range of options to choose from.

Mexico Off-the-Road Tire Market size was valued at around USD 0.90 billion in 2024 and is projected to reach USD 1.31 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.01% by 2030.

The Europe Two-Wheeler Tire Market is segmented by Sales Channel (OEMs and Aftermarket), Vehicle Type (Motorcycles and Scooters), and Country.

The Automotive Tire Market Report is Segmented by Tire Type (Summer, Winter, and More), Tire Design (Radial, Bias, and More), Vehicle Type (Passenger Cars and More), Application (On-Road and Off-Road), End User (OEM and Aftermarket) Rim-Size (Less Than 15 Inches and More), Propulsion (ICE, BEV, and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The global specialty summer tire market is experiencing robust growth, driven by increasing vehicle ownership, particularly in developing economies, and a rising demand for high-performance vehicles. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market value of over $23 billion by 2033. This growth is fueled by several key factors, including the increasing popularity of SUVs and sports cars, which necessitate specialized tires for optimal performance and handling. Furthermore, advancements in tire technology, such as the development of longer-lasting, fuel-efficient, and eco-friendly tires, are contributing to market expansion. The replacement tire segment currently dominates the market, owing to the relatively shorter lifespan of tires compared to the vehicle itself. However, the original equipment (OE) segment is also expected to see significant growth as automakers increasingly prioritize incorporating high-performance summer tires as standard equipment in their premium vehicle models. Geographically, North America and Europe currently hold significant market share, but the Asia-Pacific region is poised for substantial growth, driven by rapid economic expansion and rising disposable incomes in countries like China and India. Consumer preferences are shifting towards tires that offer enhanced safety features, improved fuel efficiency, and longer tread life. This trend is influencing manufacturers to invest heavily in research and development, leading to the introduction of innovative tire compounds and designs. However, fluctuating raw material prices, particularly rubber, and increasing environmental concerns surrounding tire disposal present significant challenges to the market's growth. Competition among major tire manufacturers is intense, with established players like Bridgestone, Michelin, and Goodyear vying for market share against smaller, specialized brands. The market is witnessing consolidation through mergers and acquisitions, as companies seek to expand their product portfolios and geographic reach. The growing adoption of electric vehicles also presents a unique opportunity for the specialty summer tire market, as these vehicles have different tire requirements compared to internal combustion engine vehicles.