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.

The global automotive tire market size is projected to grow from USD 144.37 billion in 2025 to USD 202.19 billion by 2033, exhibiting a CAGR of 4.3%.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 138.42 Billion
Market Size in 2025	USD 144.37 Billion
Market Size in 2033	USD 202.19 Billion
CAGR	4.3% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Season Tire Type,By Rim size,By Vehicle Type,By Distribution Channel Type,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

The United States Tire Market Report is Segmented by Season (Summer and More), Tire Design (Radial and More), Vehicle Type (Tw0-Wheeler, Passenger Cars and More), Application (On-Road and Off-Road), End User (OEM and Aftermarket), Rim Size (Below 15 Inches, 15-20 Inches, and Above 20 Inches), and Propulsion (Internal-Combustion Vehicles and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The Forklift Tire Manufacturers Market Report and is Segmented by Type (Pneumatic, Solid, and Polyurethane Forklift Tires), Sales Channel (OEM and Aftermarket), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). It Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

The global tire market size reached USD 172.98 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 270.66 Billion by 2033, exhibiting a growth rate (CAGR) of 4.70% during 2025-2033. Continuous technological advancements in the manufacturing of tires, along with the rising demand among individuals for eco-friendly and specialized tires, owing to the increasing environmental consciousness, are primarily bolstering the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 172.98 Billion
Market Forecast in 2033	USD 270.66 Billion
Market Growth Rate 2025-2033	4.70%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on design, end-use, vehicle type, distribution channel, and season.

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).

The size of the global automotive tire market is forecast to grow between 2022 and 2027. While the market was valued at some *** billion U.S. dollars in 2022, it is expected to reach the value of over *** billion U.S. dollars in 2027.

The High Performance Tires Market Report is Segmented by Type (Racing Slick, Tread Tire, and Other Types), Sales Channel (OEM and Aftermarket), Application (Racing Cars and More), Tire Type (Summer, Winter, and All-Season), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

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%

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 North America Tire Market Report is Segmented by Season (Summer, Winter, All-Season, 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 (Below 15 Inches and More), Propulsion (Internal-Combustion Vehicles and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The market is expected to expand from USD 38.2 billion in 2025 to USD 89.7 billion by 2035, at a CAGR of 8.9%. Increasing use of sustainable raw materials, innovations in tire design, and automaker partnerships are driving this transition toward more energy-efficient and environmentally responsible tire solutions.

Metric	Value
Industry Size (2025E)	USD 38.2 billion
Industry Value (2035F)	USD 89.7 billion
CAGR (2025 to 2035)	8.9%

Country-wise Outlook

Country	CAGR (2025 to 2035)
United States	8.6%

Country	CAGR (2025 to 2035)
United Kingdom	8.7%

Country	CAGR (2025 to 2035)
European Union	9.1%

Country	CAGR (2025 to 2035)
Japan	8.4%

Country	CAGR (2025 to 2035)
South Korea	8.8%

Competitive Outlook: Green Tire Market

Company Name	Estimated Market Share (%)
Michelin	15-18%
Bridgestone Corporation	13-16%
Continental AG	10-13%
Goodyear Tire & Rubber Co.	7-10%
Pirelli & C. S.p.A.	5-8%
Other Companies (combined)	40-50%

The automotive tire market size is projected to grow from $264.2 billion in 2024 to $632.8 billion by 2035, representing a CAGR of 8.26% during the forecast period 2024-2035.

The global wheel loader tire market is experiencing robust growth, driven by the increasing demand for construction and infrastructure development worldwide. The market, estimated at $2.5 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $3.8 billion by 2033. This growth is fueled by several factors, including rising urbanization, expansion of mining activities, and a surge in infrastructure projects across emerging economies. Key trends shaping the market include the adoption of advanced tire technologies focused on improved fuel efficiency, extended lifespan, and enhanced traction in diverse terrains. Manufacturers are also increasingly focusing on developing sustainable tire solutions to meet environmental regulations and growing consumer demand for eco-friendly products. The competitive landscape comprises both established players like Continental and Michelin, and specialized manufacturers such as Apexway and Camso, each vying for market share through innovation and strategic partnerships. Challenges facing the industry include fluctuating raw material prices, stringent emission norms, and increasing competition from substitute materials. However, the overall market outlook remains positive, supported by the long-term growth trajectory of the construction and mining sectors. The segmentation of the wheel loader tire market is primarily based on tire type (radial, bias), size, application (construction, mining, etc.), and region. While precise regional market share data is unavailable, North America and Europe currently hold significant shares, driven by robust construction activity and the presence of major tire manufacturers. Asia-Pacific, however, is expected to witness the fastest growth in the coming years due to substantial infrastructure development and industrialization in countries like China and India. Key players are focusing on expanding their manufacturing footprint and distribution networks in these high-growth regions to capitalize on the burgeoning demand. Technological advancements, such as the development of solid and airless tires, are also expected to disrupt the market in the long run, offering potential alternatives to traditional pneumatic tires. The continued evolution of tire technology, coupled with growing infrastructure spending globally, positions the wheel loader tire market for sustained and substantial growth in the forecast period.

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.

The global automotive tire market is likely to grow from USD 256.1 billion in 2025 to approximately USD 471.7 billion by 2035, recording an absolute increase of USD 215.6 billion over the forecast period. This translates into a total growth of 84.2%, with the market forecast to expand at a CAGR of 6.3% between 2025 and 2035.

Metric	Value
Market Value (2025)	USD 256.1 billion
Market Forecast Value (2035)	USD 471.7 billion
Forecast CAGR (2025-2035)	6.3%

Market Research Intellect's Wide Base Tire Market Report highlights a valuation of USD 11.5 billion in 2024 and anticipates growth to USD 16.2 billion by 2033, with a CAGR of 4.9% from 2026-2033.Explore insights on demand dynamics, innovation pipelines, and competitive landscapes.

The United States tire market was around 364.63 Million Units in the year 2024. The market is estimated to grow at a CAGR of 2.70% between 2025 and 2034, reaching a volume of nearly 475.95 Million Units by 2034.

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.