Global Tire Market Strategic Research Report

The global tire industry enters 2025-26 not merely in a growth phase, but in the midst of a profound structural transformation. Valued at a base-year figure of USD 222.1 billion, the market is projected to reach USD 288.1 billion by 2031, accelerating at a 4.4% CAGR -- a significant expansion versus the 3.8% historical baseline, scaling to over 2.39 billion annual unit transactions today and reaching 2.81 billion units by 2031.

Value is migrating rapidly away from low-cost commodity replacement products toward high-margin, technologically complex segments. EV architectures demand purpose-engineered tires featuring reinforced sidewalls, advanced compounds, and sound-absorbing technology, expanding at double-digit rates. A sustained premiumisation wave is reshaping demand in mature markets, with revenue increasingly concentrated among players delivering 18-inch-and-above fitments.

Radial tires secured the largest market share in 2024. The aftermarket segment commands a 63.3% market share, driven by the non-discretionary nature of tire replacement, while OEM represents the remaining 36.7%. Asia-Pacific captures a dominant 48% plurality of both volume and revenue in 2024, led by China, India, and Japan, which together command 72% of the total Asia-Pacific market.

Scope of Global Tire Market Strategic Research Report 2026-2031

• This report provides forecast data by value and volume for the global tire market, with 2025 as the base year and forecasting to 2031.
• This report provides segment by type (Radial Tires, Bias Tires, Specialty Tires, Retreaded Tires) and by application (Passenger Cars, Light Commercial Vehicles, Trucks & Buses, Two-Wheelers, Agricultural Vehicles, Off-Highway & Construction).
• This report provides region-wise and country-level forecast data.
• This report identifies key growth drivers and inhibitors, including EV powertrain transition and Asian manufacturer expansion.
• This report provides company profiles for twenty key companies.
• This report provides Porter's Five Forces, PESTLE, and SWOT analysis.
• This report identifies key future trends through 2031, including EV-optimized tire architecture and Tire-as-a-Service models.

Who can use the Global Tire Market Research Report?

This research report is ideal for people who wish to understand this market. Some of the intended users are:

• C-level executives and Company Directors in tire and rubber companies
• Investment managers and Automotive sector analysts
• Anyone operating in the tire manufacturing value chain.