The Asia Pacific Racing Tires Market is expected to witness market growth of 6.7% CAGR during the forecast period (2025-2032).
The China market dominated the Asia Pacific Racing Tires Market, By Country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $1.11 billion by 2032. The Japan market is registering a CAGR of 6.1% during 2025-2032. Additionally, the India market is expected to showcase a CAGR of 7.5% during 2025-2032.
Racing tires are engineered to meet the needs of high-performance racing cars, with manufacturers focusing on providing tires that offer maximum grip while ensuring durability during intense racing conditions. These tires undergo rigorous testing, including high-speed runs, hot laps, and extended stints, ensuring that they can handle the extreme forces generated during racing. Additionally, the high-performance nature of racing tires often requires a tailored approach, as tire compounds and tread designs vary depending on the specific type of race, track surface, and weather conditions.
The demand for high-quality racing tires has thus become integral to the success of racing teams, as tire performance directly influences race outcomes. While the focus on performance remains a priority, manufacturers have also placed emphasis on environmental sustainability. As environmental concerns grow, there is a noticeable shift toward producing more eco-friendly racing tires. Innovations such as tire recycling programs, biodegradable materials, and reducing the carbon footprint during manufacturing have become important aspects of the industry's focus.
The Asia Pacific region is rapidly emerging as a dynamic hub for motorsports, fueled by economic growth, youthful consumer demographics, expanding automotive industries, and increasing government and private sector investments in racing infrastructure. Formerly known as V8 Supercars, the Supercars Championship is one of Australia’s most popular motorsport series. It features touring cars from manufacturers such as Ford and Holden (now General Motors Special Vehicles), and the competition occurs on various tracks across the country. China has launched domestic racing series such as the China Touring Car Championship (CTCC) and the China GT Championship. Expanding EV Racing: Involvement in electric racing formats like Formula E in cities like Shanghai and Sanya boosts high-tech tire demand. In addition, motorsports in India have been steadily gaining popularity, with an increasing number of car racing events and a growing fan base. India has various national-level racing championships, such as the National Racing Championship (NRC), which includes categories like Formula 4, Touring Cars, and One-Make Series. Thus, the rising motorcar sports in the Asia Pacific will boost the demand for racing tires in the region.
The China market dominated the Asia Pacific Racing Tires Market, By Country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $1.11 billion by 2032. The Japan market is registering a CAGR of 6.1% during 2025-2032. Additionally, the India market is expected to showcase a CAGR of 7.5% during 2025-2032.
Racing tires are engineered to meet the needs of high-performance racing cars, with manufacturers focusing on providing tires that offer maximum grip while ensuring durability during intense racing conditions. These tires undergo rigorous testing, including high-speed runs, hot laps, and extended stints, ensuring that they can handle the extreme forces generated during racing. Additionally, the high-performance nature of racing tires often requires a tailored approach, as tire compounds and tread designs vary depending on the specific type of race, track surface, and weather conditions.
The demand for high-quality racing tires has thus become integral to the success of racing teams, as tire performance directly influences race outcomes. While the focus on performance remains a priority, manufacturers have also placed emphasis on environmental sustainability. As environmental concerns grow, there is a noticeable shift toward producing more eco-friendly racing tires. Innovations such as tire recycling programs, biodegradable materials, and reducing the carbon footprint during manufacturing have become important aspects of the industry's focus.
The Asia Pacific region is rapidly emerging as a dynamic hub for motorsports, fueled by economic growth, youthful consumer demographics, expanding automotive industries, and increasing government and private sector investments in racing infrastructure. Formerly known as V8 Supercars, the Supercars Championship is one of Australia’s most popular motorsport series. It features touring cars from manufacturers such as Ford and Holden (now General Motors Special Vehicles), and the competition occurs on various tracks across the country. China has launched domestic racing series such as the China Touring Car Championship (CTCC) and the China GT Championship. Expanding EV Racing: Involvement in electric racing formats like Formula E in cities like Shanghai and Sanya boosts high-tech tire demand. In addition, motorsports in India have been steadily gaining popularity, with an increasing number of car racing events and a growing fan base. India has various national-level racing championships, such as the National Racing Championship (NRC), which includes categories like Formula 4, Touring Cars, and One-Make Series. Thus, the rising motorcar sports in the Asia Pacific will boost the demand for racing tires in the region.
List of Key Companies Profiled
- Bridgestone Corporation
- Maxxis International USA (Cheng Shin Rubber Industry Co.)
- Nexen Tire
- Zhongce Rubber Group Co., Limited
- The Yokohama Rubber Co., Ltd.
- The Goodyear Tire & Rubber Company
- Hankook Tire & Technology
- Michelin
- Pirelli & C. S.p.A.
- Continental AG
Market Report Segmentation
By Tire Type
- Racing Slick Tires
- Racing Treaded Tires
By Application
- Auto Racing Tires
- Motorcycle Racing Tires
By Distribution Channel
- Replacement Tires
- OEMs
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Asia Pacific Racing Tires Market, By Tire Type
Chapter 6. Asia Pacific Racing Tires Market, By Application
Chapter 7. Asia Pacific Racing Tires Market, By Distribution Channel
Chapter 8. Asia Pacific Racing Tires Market, By Country
Chapter 9. Company Profiles
Companies Mentioned
- Bridgestone Corporation
- Maxxis International USA (Cheng Shin Rubber Industry Co.)
- Nexen Tire
- Zhongce Rubber Group Co., Limited
- The Yokohama Rubber Co., Ltd.
- The Goodyear Tire & Rubber Company
- Hankook Tire & Technology
- Michelin
- Pirelli & C. S.p.A.
- Continental AG
