Automotive Tire Market
Automotive Tire Market Study by Radial Tires, Tube Tires, Tubeless Tires, Bias Tires for Winter, Summer, and All Seasons from 2024 to 2034
Analysis of Automotive Tire Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Tire Market Outlook (2024 to 2034)
The global automotive tire market is projected to increase from a value of US$ 403.53 billion in 2024 to US$ 626.67 billion by the end of 2034. Worldwide sales of automobile tires have been projected to rise at 3.6% CAGR from 2024 to 2034.
Automotive tires are essentially the rubber-covered, circular components of vehicles that fit over the wheel rims. Their main functions include shielding the wheel rim and generating traction between the vehicle and the road surface. In addition, because they are made of rubber, tires act as flexible cushions, absorbing stress from the vehicle and reducing the impact of vibrations.
Rubber tires are made up of various materials such as cloth, carbon black, synthetic rubber, and jointless cap heaps in addition to tread. The demand for tires is rising exponentially because of the increased need for vehicle production to meet the growth in demand for automobiles in all market sectors, leading to the increasing automotive tire market size.
Demand for tires from OEMs is being fueled by the rise in vehicle sales in general, especially in developing countries. Need for tires rises in direct proportion to the number of cars made and sold worldwide. The OEM tire market may be impacted by changes in the trends of the automobile industry, such as the growing popularity of electric vehicles (EVs), autonomous vehicles, and connected cars. For example, to meet their particular performance needs, EVs frequently need tires with certain qualities, including low rolling resistance for increased range.
Expansion of the automotive tire OEM market is expected to be driven by the increasing production and sales of passenger and light commercial vehicles worldwide. There is a growing market for high-performance cars as more people buy cars. Global passenger car demand and rising vehicle manufacturing are expected to fuel market expansion, contributing to automotive tire market growth.
- The European Automobile Manufacturers Association (ACEA) released figures showing that over 68 million passenger automobiles were produced worldwide in 2022, up 7.9% from the previous year.
| Report Attribute | Detail |
|---|---|
| Automotive Tire Market Size (2024E) | US$ 403.53 Billion |
| Forecasted Market Value (2034F) | US$ 626.67 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.6% CAGR |
| North America Market Share (2024E) | 35.7% |
| East Asia Market Value (2024E) | US$ 151.21 Billion |
| Winter Tires Segment Value (2034F) | US$ 180.48 Billion |
| Passenger Cars Segment Value (2034F) | US$ 407.96 Billion |
| Key Companies Profiled | Continental AG; Yokohama Rubber Company Limited; Sumitomo Rubber Industries Ltd.; Madras Rubber Factory Limited; Apollo Tyres Ltd.; Sailun Tires Ltd.; Bridgestone Corp.; Michelin; Goodyear Tire And Rubber Company; Pirelli & C. S.P.A; Shandong Linglong Tyre; Nexen Tire America Inc.; Kumho Tire Co. Inc.; Nokian Renkaat Ojy; Cheng Shin Rubber Industries; Toyo Tire & Rubber Company; Trelleborg AB; Cooper Tire & Rubber Company; Hankook Tire; Titan Tire Corporation. |
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Which Opportunities are Automotive Tire Manufacturers Capitalizing On?
“Improvements in Road Infrastructure and Increased Vehicle Longevity”
Thanks to improvements in road infrastructure, driving conditions, technology, and other variables, the average life of a vehicle has grown in recent years. The average life of a vehicle and the number of kilometers traveled annually have increased, which has led to development potential for aftermarket tire makers. The US Department of Transportation's Federal Highway Administration estimates that a passenger automobile is driven 13,476 miles annually on average.
Each month, this equals more than 1,000 kilometers. The automotive tire industry has been affected by both the longer tire life and the increased mileage driven by vehicles. While the industry has been under pressure due to the decline in tire demand, research and development expenditures have increased, which has resulted in a greater emphasis on tire performance and sustainability.
“Growing Need for Eco-Friendly Tires Due to Strict Regulations”
Demand for eco-friendly tires is rising due to stringent regulations worldwide. Governments are implementing laws mandating tires to be cleaner and more fuel-efficient, aiming to improve air quality and reduce greenhouse gas emissions.
- For instance, the European government aims to slash CO2 emissions from vehicles by 37.5% by 2030, driving the push for more environmentally friendly tire technologies.
Car makers will have to employ more fuel-efficient tires to meet this aim. Additionally, by 2025, cars must achieve an average of 54.5 miles per gallon according to a fuel efficiency guideline imposed by the United States. Additionally, this standard would mandate the use of tires with higher fuel efficiency.
Tire rubber is made using bio-oil instead of oil derived from petroleum. This lessens the impact tire manufacturing has on the environment because bio-oil is a renewable resource. For example, orange oils–extractable from orange peels–help lower the petroleum content of tires. Tire manufacturers are decreasing the amount of environmentally hazardous elements they use while simultaneously decreasing friction and boosting fuel economy.
The automobile gets greener as a consequence of using less gasoline and emitting fewer CO2 emissions. Businesses such as Bridgestone have effectively produced synthetic rubber using plant-based components instead of petroleum-based ones. Other businesses are also experimenting with synthetic rubber created from biomass, which is waste from agriculture or plants.
What is Significantly Impeding Market Expansion?
“Raw Material Cost Issues and Dependency on Natural Rubber”
In the car tire business, the cost of the raw material is a major determinant of component pricing. Plasticizers, steel, cloth, carbon black, natural and synthetic rubber, and steel are the basic materials used in tire production. Tire costs are greatly impacted by the demand for, consumption of, and price variations of rubber, both synthetic and natural. Natural rubber is one of the most important raw materials. This dependency also impedes the expansion of the automotive tire market size.
- The Association of Natural Rubber Producing Countries estimates that there was a 700,000 metric ton deficit in the supply of natural rubber in 2017. On the other hand, in May 2022, the world's natural rubber supply increased by 991,000 tons. The price of natural rubber has varied significantly over the past 10 years, which has a significant influence on tire makers and the cost of automobile tires.
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Country-wise Insights
Cars are mostly used around the world, on the other hand, automation is becoming common in the automotive industry, leading to a constant rise in demand for automotive tires in many countries including the United States, China, Canada, Japan, and South Korea, with the United States in North America holding a significant automotive tire market share.
Why are Sales of Automotive Tires High in the United States?
“Increased Automotive Production and Rising Demand for Green Tires”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 109.72 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 180.88 Billion |
The United States is projected to account for a major market share in the North American region by 2034. Growing sales of electric vehicles and changing consumer preferences in the country are key automotive tire market trends.
Development of autonomous vehicles, the rising popularity of pickup trucks, and high purchasing power are expected to be other significant trends that are expected to govern automotive tire sales. Increasing focus on sustainability is projected to drive demand for retreaded tires in the United States.
How is the Market for Auto Tires Faring in China?
“Heightened Demand for Airless and Non-Pneumatic Tires”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 66.99 Billion |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 101.76 Billion |
Customers are increasingly focused on cost-effectiveness, durability, high performance, and stylish design when choosing tires. This growing preference for high-performance tires is pushing manufacturers to innovate with advanced technology and create superior products. These high-tech, efficient tires have the potential to greatly enhance passenger comfort during driving.
These tires offer a solid grip on roadways, work well in rainy conditions, and are impervious to punctures. They are often airless, non-pneumatic, and cannot be punctured. Compared to traditional tires, they have a reduced surface contact area, which improves the fuel efficiency of the car.
Category-wise Evaluation
All-season tires are extensively preferred by end users due to their reliable operation in harsh conditions.
Which Type of Tire Will Be Highly Sought After Going Ahead?
“Rising Demand for All-Season Tires Due to Reliable Performance in Diverse Weather Conditions”
| Attribute | All-season Tires |
|---|---|
| Segment Value (2024E) | US$ 171.5 Billion |
| Growth Rate (2024 to 2034) | 4.2% CAGR |
| Projected Value (2034F) | US$ 258.81 Billion |
In the car industry, all-season tires are becoming increasingly popular with consumers. Many drivers like these tires because of their adaptability and year-round use. All-season tires are utilized more often than other types of car tires. They are a sensible choice for customers because of their capacity to deliver dependable performance in a range of weather circumstances, such as light snow and rain. Consequently, the market's need for all-season tires is expanding.
Why Do Passenger Cars Account for Significant Revenue Streams?
“Passenger Car Sales Surpass All Other Variants”
| Attribute | Passenger Cars |
|---|---|
| Segment Value (2024E) | US$ 273.19 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 407.96 Billion |
In recent years, passenger cars have become the primary end-use market for automobile tires. The rise in the number of passenger cars on the road has contributed significantly to the demand for these tires. Demand for automobile tires is growing as more individuals want to drive their cars due to more disposable money and better road infrastructure. New developments in tire technology have increased their performance, robustness, and safety, which has further increased their popularity in passenger cars.
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Market Landscape
Key players in the automotive tire market are focusing on launching new and improved products such as tubeless tires and airless tires. Partnerships with car companies and expansion of manufacturing units are also being pursued by market players in several regions of the world.
- Bridgestone Corporation introduced the R192E, an electric bus tire made specifically for buses that run on electricity, in May 2023. Because electric buses have larger battery packs and more torque, they have specific performance requirements.
- South Korean tire producer Hankook Tire stated in August 2022 that it was expanding the manufacturing capacity of its Clarksville, Tennessee, location. By 2026, the business planned to have invested over US$ 1.6 billion, more than doubling the facility's capacity for local manufacture.
Fact.MR provides detailed information about the price points of key manufacturers of automotive tires positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Automotive Tire Market Research
-
By Vehicle Type:
- 2/3 Wheelers
- Passenger Vehicles
- Commercial Vehicles
- LCVs
- HCVs
-
By Tire Structure:
- Radial Tires
- Tube Tires
- Tubeless Tires
- Bias Tires
-
By Tire Type:
- Winter Tires
- Summer Tires
- All-Season Tires
-
By Distribution Channel:
- OEMs
- Aftermarket
-
By Region:
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Vehicle Type
- 6.2. Tire Structure
- 6.3. Tire Type
- 6.4. Distribution Channel
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Vehicle Type
- 7.1. 2/3 Wheelers
- 7.2. Passenger Vehicles
- 7.3. Commercial Vehicles
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Tire Structure
- 8.1. Radial Tires
- 8.2. Tube Tires
- 8.3. Tubeless Tires
- 8.4. Bias Tires
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Tire Type
- 9.1. Winter Tires
- 9.2. Summer Tires
- 9.3. All-Season Tires
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Distribution Channel
- 10.1. OEMs
- 10.2. Aftermarket
- 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. Middle East & Africa
- 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 19. Sales Forecast 2024 to 2034 by Vehicle Type, Tire Structure, Tire Type, Distribution Channel, and Region for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Continental AG
- 21.2. Yokohama Rubber Company Limited
- 21.3. Sumitomo Rubber Industries Ltd.
- 21.4. Madras Rubber Factory Limited
- 21.5. Apollo Tyres Ltd.
- 21.6. Sailun Tires Ltd.
- 21.7. Bridgestone Corp.
- 21.8. Michelin
- 21.9. Goodyear Tire And Rubber Company
- 21.10. Pirelli & C. S.P.A
- 21.11. Shandong Linglong Tyre
- 21.12. Nexen Tire America Inc.
- 21.13. Kumho Tire Co. Inc.
- 21.14. Nokian Renkaat Ojy
- 21.15. Cheng Shin Rubber Industries
- 21.16. Toyo Tire & Rubber Company
- 21.17. Trelleborg AB
- 21.18. Cooper Tire & Rubber Company
- 21.19. Hankook Tire
- 21.20. Titan Tire Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Tire Structure, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Tire Structure, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Tire Structure, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Tire Type, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Tire Type, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Tire Type, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Tire Structure, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Tire Structure, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Tire Structure, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Tire Type, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Tire Type, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Tire Type, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
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- FAQs -
How big is the automotive tire market in 2024?
The global market for automotive tires is forecasted to reach US$ 403.53 billion in 2024.
What is the projection for the automotive tire market?
Worldwide revenue from automotive tire sales is projected to reach US$ 626.67 billion by 2034-end.
At what rate is the demand for automotive tires projected to increase?
Demand for automotive tires is forecasted to rise at 3.6% CAGR through 2034.
Who are the leading automotive tire manufacturers?
Key market players are Continental AG, Yokohama Rubber Company Limited, and Sumitomo Rubber Industries Ltd.
Which product type accounts for a higher market share?
All-season tires are expected to hold 42.5% market share in 2024.
At what rate is the market projected to advance in South Korea?
The market in South Korea is forecasted to rise at 3.9% CAGR through 2034.
Which region is projected to hold a higher share of the global market?
North America is projected to account for 37.4% of the global market share by 2034.
Automotive Tire Market