Automotive Tire Market 2025-2034

Automotive Tire Market is valued at USD 129.4 billion in 2025. Further the market is expected to grow by a CAGR of 5.0% to reach global sales of USD 200.6 billion in 2034

The automotive tire market is a cornerstone of the global automotive industry, providing essential components for safety, performance, and efficiency. Tires not only support vehicle weight but also transmit traction, absorb shocks, and enable directional stability. As mobility trends evolve, the demand for high-performance, fuel-efficient, and durable tires continues to increase. Technological innovations in tread design, rubber compounds, and smart tire integration are reshaping the competitive landscape.

Both original equipment manufacturers (OEMs) and aftermarket segments play vital roles, with consumer preferences leaning toward all-season and low-rolling-resistance variants. Sustainability has also gained momentum, pushing manufacturers to develop recyclable materials and eco-friendly production methods to meet environmental regulations and consumer expectations.

In 2024, the global automotive tire market experienced steady growth fueled by recovery in vehicle production and sustained demand in the replacement tire segment. With supply chains stabilizing post-pandemic, leading manufacturers increased investments in automation, smart tire technology, and regional manufacturing hubs to optimize logistics. Electric vehicle (EV) adoption influenced tire designs, with EV-specific models offering reduced noise, lower rolling resistance, and improved load-bearing capacity. The Asia-Pacific region remained dominant, particularly China and India, where infrastructure development and vehicle ownership accelerated. Meanwhile, premium tire brands witnessed strong growth in Europe and North America, driven by rising demand for safety, performance, and winter tire solutions in colder regions.

Looking ahead to 2025 and beyond, the automotive tire market is poised for transformation driven by electrification, automation, and digitization. Tire manufacturers are expected to expand their smart tire portfolios, embedding sensors that provide real-time data on wear, pressure, and temperature. Demand for sustainable tires using bio-based materials and circular manufacturing processes will rise sharply in response to ESG goals.

OEM partnerships will intensify as automakers seek tire solutions tailored to EV platforms. Emerging markets in Southeast Asia, Latin America, and Africa will offer new growth opportunities, supported by improving road infrastructure and economic development. The aftermarket segment will remain vital, especially with increasing vehicle age and rising maintenance awareness among consumers globally.

Key Insights Automotive Tire Market

• Growing adoption of EV-specific tires with low rolling resistance and enhanced load-bearing capacity to accommodate heavier battery systems and extend driving range.
• Expansion of smart tire technologies with embedded sensors providing data on pressure, tread wear, and temperature, enabling predictive maintenance and enhanced safety.
• Shift toward sustainable and eco-friendly tire manufacturing using renewable materials, bio-based polymers, and energy-efficient production methods.
• Rising consumer demand for all-season and run-flat tires, reducing the need for seasonal changeovers and enhancing convenience and safety.
• Increased focus on regional production hubs to mitigate supply chain risks and meet local market requirements more effectively.
• Growth in global vehicle production and ownership, particularly in developing economies, continues to boost tire demand across all vehicle segments.
• Increasing average vehicle age and longer vehicle lifespans are driving demand in the replacement tire market worldwide.
• Technological innovations in materials and tread design are enhancing tire durability, safety, and fuel efficiency, attracting both OEMs and consumers.
• Government regulations and consumer focus on road safety are promoting frequent tire inspections and replacements, supporting sustained market growth.
• Fluctuating raw material prices and volatility in natural rubber supply chains pose significant cost and procurement challenges for tire manufacturers globally.

Automotive Tire Market Segmentation

By Rim Size

• 15 to 20 Inches
• More Than 20 Inches

By Vehicle Type

• Commercial Vehicle
• Electric Vehicle

By Manufacturing

• Bias Tire

By Distribution Channel

• Aftermarket

By Season Type

• Winter
• All Seasons

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Automotive Tire Market Analytics

The research analyses various direct and indirect forces that can impact the Automotive Tire market supply and demand conditions. The parent market, derived market, intermediaries’ market are analyzed to evaluate the full supply chain and possible alternatives and substitutes. Geopolitical analysis, demographic analysis, and Porter’s five forces analysis are prudently assessed to estimate the best Automotive Tire market projections.

Recent deals and developments are considered for their potential impact on Automotive Tire's future business. Other metrics analyzed include Threat of New Entrants, Threat of Substitutes, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Automotive Tire Market.

Automotive Tire trade and price analysis helps comprehend Automotive Tire's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist our clients in planning procurement, identifying potential vendors/clients to associate with, understanding Automotive Tire price trends and patterns, and exploring new Automotive Tire sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Automotive Tire market.

Automotive Tire Market Competitive Intelligence

The proprietary company's revenue and product analysis model unveils the Automotive Tire market structure and competitive landscape. Company profiles of key players with a business description, product portfolio, SWOT analysis, Financial Analysis, and key strategies are covered in the report. It identifies top-performing Automotive Tire products in global and regional markets. New Product Launches, Investment & Funding updates, Mergers & Acquisitions, Collaboration & Partnership, Awards and Agreements, Expansion, and other developments give our clients the Automotive Tire market update to stay ahead of the competition.

Company offerings in different segments across Asia-Pacific, Europe, Middle East, Africa, and South and Central America are presented to better understand the company strategy for the Automotive Tire market. The competition analysis enables the user to assess competitor strategies and helps align their capabilities and resources for future growth prospects to improve their market share.

Your Takeaways From this Report

• Global Automotive Tire market size and growth projections (CAGR), 2024- 2034
• Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Automotive Tire.
• Automotive Tire market size, share, and outlook across 5 regions and 27 countries, 2025- 2034.
• Automotive Tire market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2025- 2034.
• Short and long-term Automotive Tire market trends, drivers, restraints, and opportunities.
• Porter’s Five Forces analysis, Technological developments in the Automotive Tire market, Automotive Tire supply chain analysis.
• Automotive Tire trade analysis, Automotive Tire market price analysis, Automotive Tire Value Chain Analysis.
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products.
• Latest Automotive Tire market news and developments.

Region-level intelligence includes

• North America Automotive Tire Market Size, Share, Growth Trends, CAGR Forecast to 2034
• Europe Automotive Tire Market Size, Share, Growth Trends, CAGR Outlook to 2034
• Asia-Pacific Automotive Tire Industry Data, Market Size, Competition, Opportunities, CAGR Forecast to 2034
• The Middle East and Africa Automotive Tire Industry Data, Market Size, Competition, Opportunities, CAGR Forecast to 2034
• South and Central America Automotive Tire IndustryIndustry Data, Market Size, Competition, Opportunities, CAGR Forecast to 2034

Automotive Tire market regional insights present the most promising markets to invest in and emerging markets to expand to contemporary regulations to adhere to and players to partner with.

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