Automotive Tyre Sales

Automotive Tyre Sales Market Outlook

The global automotive tyre market is projected to reach approximately USD 250 billion by 2035, with a compound annual growth rate (CAGR) of around 5.2% during the forecast period from 2025 to 2035. The ongoing advancements in automotive technology, coupled with the growing demand for electric vehicles (EVs), are significant factors driving market growth. Additionally, the increasing emphasis on fuel efficiency and the rise in consumer awareness regarding vehicle safety are propelling the demand for high-performance tyres. The expansion of the automotive industry, particularly in emerging markets, further supports the growth of the tyre market, while stringent regulations regarding emissions and safety standards provide additional impetus to the sector. Furthermore, the trend towards sustainable and eco-friendly materials in tyre manufacturing is expected to reshape market dynamics in the coming years.

Growth Factor of the Market

The automotive tyre market is experiencing robust growth due to several interlinked factors. One of the primary drivers is the increasing vehicle production and sales globally, especially in developing regions such as Asia-Pacific and Latin America, where rising disposable incomes and urbanization are leading to higher vehicle ownership rates. Furthermore, the growing trend towards safety and performance enhancement in vehicles is driving the demand for advanced tyre solutions that offer better grip, longer lifespan, and reduced rolling resistance. Another factor contributing to market growth is the increasing popularity of electric and hybrid vehicles, which require specific tyre technologies to optimize performance and efficiency. Notably, innovations in tyre manufacturing, such as the use of smart tyre technology that connects to vehicle systems for real-time monitoring, are also gaining traction. Additionally, the rise in e-commerce has created a surge in demand for commercial vehicle tyres to support logistics and delivery services, further expanding the market landscape.

Key Highlights of the Market

• The automotive tyre market is expected to witness a CAGR of 5.2% from 2025 to 2035.
• Growing electric vehicle adoption is driving demand for innovative tyre solutions.
• Rising consumer awareness about safety and performance is influencing purchasing decisions.
• Expansion in emerging markets is contributing to the overall growth of the market.
• Technological advancements in tyre manufacturing are reshaping market offerings.

By Product Type

Radial Tyres:

Radial tyres are widely recognized for their superior performance and durability, making them a popular choice among consumers. These tyres are constructed with steel belts that run radially from the center, providing enhanced flexibility and better traction on both wet and dry surfaces. As a result, radial tyres offer improved fuel efficiency due to reduced rolling resistance, which appeals to environmentally conscious consumers. Their longer lifespan compared to other types of tyres also makes them an economical choice for vehicle owners. Radial tyres are predominantly used in passenger vehicles, commercial vehicles, and specialty vehicles, and their demand is expected to grow in tandem with the increasing vehicle production and sales globally.

Bias Tyres:

Bias tyres are characterized by their construction, where the plies are arranged at angles across the tread, which gives them a different performance profile compared to radial tyres. They are typically used in older vehicle models and are favored for off-road applications due to their strong sidewalls and better puncture resistance. However, bias tyres tend to have higher rolling resistance, which negatively impacts fuel efficiency. Despite the growing preference for radial tyres, bias tyres continue to maintain a market presence, particularly in agricultural and industrial applications where their rugged construction is essential. The stability and durability offered by bias tyres make them suitable for specific segments, although their overall market share is gradually declining.

Tubeless Tyres:

Tubeless tyres have gained popularity due to their convenience and safety features. Unlike traditional tyres that require an inner tube, tubeless tyres allow air to remain within the tyre itself, thus reducing the risk of punctures and blowouts. This design leads to lower maintenance costs and better performance as they maintain air pressure longer. Tubeless tyres are now widely used in passenger vehicles and motorcycles, and their adoption in the commercial sector is also increasing. The growing emphasis on safety and performance in the automotive industry is driving the demand for tubeless tyre technology, which offers significant benefits over traditional tyre designs.

Run-Flat Tyres:

Run-flat tyres are engineered to allow vehicles to be driven for a limited distance even after a puncture, enhancing safety by allowing drivers to maintain control and reach a safe location without requiring immediate tyre replacement. This feature is gaining traction, especially in premium and luxury vehicles, where manufacturers prioritize safety and convenience. The growing awareness of the benefits of run-flat technology among consumers is expected to contribute to its increased adoption. Furthermore, advancements in run-flat tyre technology, such as improved ride comfort and enhanced performance, are driving manufacturers to invest in this segment, thus expanding its market presence.

Snow/Winter Tyres:

Snow or winter tyres are specifically designed for use in icy and snowy conditions, featuring unique tread patterns and rubber compounds that provide better grip on slippery surfaces. With the rising awareness of road safety during winter months, the demand for snow tyres is expected to grow significantly in regions that experience harsh winter conditions. These tyres enhance vehicle control and stability, reducing the risk of accidents. Additionally, as more consumers prioritize safety and performance during winter travel, the market for snow tyres is set to expand, presenting opportunities for manufacturers to innovate and offer enhanced products tailored to consumer needs.

By Application

Passenger Vehicles:

The passenger vehicle segment represents a significant portion of the automotive tyre market, driven by the increasing global demand for personal transportation. As urbanization continues to rise, more individuals are acquiring personal vehicles, contributing to an uptick in tyre sales for passenger cars and SUVs. Additionally, the growing trend of vehicle electrification is expected to impact the types and specifications of tyres being produced, with manufacturers focusing on providing high-performance options that align with the unique requirements of electric and hybrid vehicles. The increasing emphasis on safety, fuel efficiency, and comfort among consumers further propels the demand for advanced tyre technologies that cater to the specific performance characteristics of passenger vehicles.

Commercial Vehicles:

The commercial vehicle sector is experiencing substantial growth, driven by the expansion of logistics and transportation services worldwide. As e-commerce continues to flourish, the demand for heavy-duty tyres that can withstand rigorous usage is on the rise. These tyres must provide enhanced durability and performance to support the operational demands of commercial fleets. Innovations in tyre technology, such as improved tread designs and materials, are being developed to enhance load-bearing capacity and fuel efficiency, making them attractive to fleet operators. Furthermore, the ongoing trend of telematics and fleet management solutions is shaping the future of tyre requirements in the commercial sector, as better monitoring capabilities lead to proactive maintenance and improved overall efficiency.

Two-Wheelers:

The two-wheeler market, comprising motorcycles and scooters, is also a growing segment within the automotive tyre industry. The rise in urban mobility and the increasing adoption of two-wheelers as a cost-effective mode of transportation in densely populated cities are key factors driving growth in this category. Two-wheeler tyres need to offer specific performance characteristics, including grip, stability, and durability. Manufacturers are focusing on developing versatile tyre solutions that cater to both on-road and off-road conditions, appealing to a diverse range of two-wheeler enthusiasts. As safety regulations and consumer awareness regarding tyre performance improve, the demand for high-quality two-wheeler tyres is expected to rise, further expanding this segment.

By Distribution Channel

OEM:

The OEM (Original Equipment Manufacturer) distribution channel plays a critical role in the automotive tyre market, as it dictates the types of tyres that are fitted on new vehicles during the manufacturing process. Partnerships between tyre manufacturers and vehicle manufacturers are essential for ensuring that the tyres meet the specific requirements of each vehicle model. As the automotive industry evolves with the introduction of electric vehicles and advanced safety features, OEMs are increasingly turning to tyre suppliers who can provide innovative solutions that align with their product offerings. The growth in the OEM segment is closely tied to the overall expansion of the automotive market, as an increase in vehicle production directly correlates to tyre demand.

Aftermarket:

The aftermarket segment represents a crucial aspect of the automotive tyre market, as it caters to consumers seeking replacements or upgrades for their existing tyres. As vehicles age, the need for regular tyre replacements due to wear and tear becomes inevitable, driving growth in this segment. Additionally, the rising trend of customization among consumers is leading to an increased demand for high-performance and specialty tyres. The ease of access to various distribution channels, including online platforms, is further enhancing the growth of the aftermarket sector. With changing consumer preferences and the focus on sustainable and energy-efficient products, the aftermarket for tyres is anticipated to witness continuous growth.

By Material Type

Natural Rubber:

Natural rubber is one of the primary materials used in the production of automotive tyres, valued for its elasticity and durability. Sourced from rubber trees, natural rubber offers excellent grip and performance characteristics, making it a preferred choice for many tyre manufacturers. As the demand for sustainable and eco-friendly products rises, there is an increasing emphasis on incorporating natural rubber into tyre designs to enhance their environmental profile. However, fluctuations in natural rubber prices and supply chain challenges can impact the overall tyre market, requiring manufacturers to adopt strategic sourcing and production practices to maintain stability in this segment.

Synthetic Rubber:

Synthetic rubber has become a crucial component in tyre manufacturing due to its versatility and the ability to tailor properties for specific performance requirements. This type of rubber can be engineered to provide superior wear resistance, improved tensile strength, and enhanced weather resistance, making it suitable for various driving conditions. The growing competition among tyre manufacturers has led to increased investment in research and development for synthetic rubber formulations, resulting in innovative products that meet the evolving demands of consumers. Furthermore, the expansion of the automotive industry, particularly in electric vehicles, is expected to further drive demand for synthetic rubber in tyre production.

Steel:

Steel is a vital material used in the construction of tyres, particularly in the form of steel belts that enhance the tyre's structural integrity and performance. The use of steel in tyre manufacturing contributes to improved durability, puncture resistance, and overall handling capabilities. As the automotive industry pushes for higher performance standards, the incorporation of steel in tyre designs is increasingly seen as essential. Additionally, the trend towards eco-friendly practices has prompted manufacturers to explore ways to recycle steel from used tyres, fostering a circular economy approach within the sector. The demand for steel-belted tyres is likely to remain strong as automotive technologies continue to advance.

Fabric:

Fabric materials, such as polyester and nylon, are commonly used in tyre manufacturing to provide reinforcement and stability. These materials contribute to the overall strength of the tyre while also impacting weight and flexibility. As manufacturers focus on enhancing tyre performance and efficiency, the selection of high-quality fabric materials is becoming increasingly important. Innovations in textile technology have also led to the development of lighter and stronger fabric reinforcements, allowing for improved fuel efficiency in vehicles. The growing consumer preference for tyres that offer a balance between performance and environmental impact is likely to drive continued advancements in fabric-based tyre materials.

Carbon Black:

Carbon black is an essential component in tyre manufacturing, primarily used as a reinforcing filler to enhance the durability and wear resistance of tyres. By improving the physical properties of rubber, carbon black contributes to the overall performance and longevity of the tyre. The increasing focus on sustainability within the automotive industry is driving manufacturers to explore alternative materials and production methods that reduce reliance on carbon black while maintaining performance standards. Additionally, with the growing number of regulations around emissions and environmental impact, the tyre industry is undergoing a transition towards more sustainable practices, which may influence the usage of carbon black in the future.

By Region

The North American automotive tyre market is projected to hold a significant share, driven by the robust automotive industry and the increasing demand for high-performance tyres. As more consumers prioritize safety and fuel efficiency, manufacturers are focusing on innovation and product development to meet these evolving consumer preferences. The region is expected to experience a CAGR of around 4.8% from 2025 to 2035, with continuous growth driven by advancements in tyre technology and increasing adoption of electric vehicles. Furthermore, the presence of key tyre manufacturers in North America contributes to a competitive landscape that fosters innovation and elevates consumer choices.

In Europe, the automotive tyre market is also witnessing considerable growth, fueled by stringent regulations regarding safety and emissions and a strong emphasis on sustainability. With the European Union promoting electric vehicles and low-emission transport solutions, the demand for specialised tyres that cater to these vehicles is on the rise. The European tyre market is projected to experience a CAGR of approximately 5.0% during the forecast period, driven by increased investments in research and development as manufacturers seek to enhance performance and reduce environmental impact. As consumer awareness and demand for high-quality products continue to grow, the European market remains a key player in the global automotive tyre landscape.

Opportunities

The automotive tyre market is ripe with opportunities, particularly due to the ongoing trends in vehicle electrification and technological advancements in tyre manufacturing. With the rise of electric vehicles, there is a growing need for tyres that are specifically designed to optimize performance and safety under electric vehicle conditions. This includes the development of tyres that can handle the unique weight distribution and torque characteristics of electric motors. Additionally, manufacturers can explore collaborations with automakers to create custom tyre solutions that enhance the overall driving experience, which could significantly boost sales in the electric vehicle segment. The integration of smart technology into tyres, such as sensors that monitor pressure and tread wear, presents another avenue for innovation and growth, offering consumers enhanced safety and convenience.

Moreover, the expansion of e-commerce and online platforms for tyre sales presents a significant opportunity for manufacturers and retailers to reach a broad audience. As more consumers turn to online shopping for vehicle maintenance products, investing in an online presence can lead to increased sales and brand visibility. Additionally, the focus on sustainability is pushing manufacturers to investigate eco-friendly materials and production methods, creating a market for "green" tyres that appeal to environmentally conscious consumers. This shift towards sustainability not only meets consumer demand but can also provide manufacturers with a competitive edge in a rapidly evolving market. The potential for growth in emerging markets, particularly as urbanization rises and disposable incomes increase, further contributes to the vast opportunities present within the automotive tyre sector.

Threats

Despite the positive outlook, the automotive tyre market faces several threats that could impact its growth trajectory. One of the most significant challenges is the volatility of raw material prices, particularly for natural and synthetic rubber, which can lead to increased production costs for tyre manufacturers. This fluctuation can create uncertainty in pricing strategies, potentially affecting profit margins and overall market stability. Furthermore, the emergence of new competitors in the tyre industry, including those offering low-cost alternatives, poses a threat to established players who may struggle to compete on price without compromising quality. The increasing regulations around environmental sustainability and emissions can also impose constraints on manufacturing processes, requiring significant investments in compliance and innovation. Additionally, the global supply chain disruptions caused by geopolitical tensions or pandemics can lead to shortages of critical materials and components, further complicating the market landscape.

Another concern for the automotive tyre market is the rapid advancement of technology within the automotive industry, particularly with the rise of autonomous vehicles. As vehicle design evolves, there may be a shift in the type of tyres required, necessitating significant research and development investments to keep pace with changing consumer needs. The growing trend towards vehicle sharing and alternative transportation methods, such as ride-hailing services, could also impact traditional tyre demand, as fewer vehicle owners may lead to reduced tyre replacement rates. Manufacturers must remain agile and responsive to these changing dynamics to mitigate potential threats and ensure long-term success in the automotive tyre market.

Competitor Outlook

• Bridgestone Corporation
• Michelin
• Goodyear Tire and Rubber Company
• Continental AG
• Pirelli & C. S.p.A
• Dunlop Tyres
• Hankook Tire
• Yokohama Rubber Company
• Cooper Tire & Rubber Company
• Toyo Tire Corporation
• Sumitomo Rubber Industries
• Cheng Shin Rubber Industry Co., Ltd.
• Giti Tire
• Maxxis International
• Nokian Tyres

The automotive tyre market is characterized by intense competition, with established brands and newer entrants vying for market share. Major companies such as Bridgestone, Michelin, and Goodyear dominate the landscape with their extensive product portfolios and global reach. These companies invest heavily in research and development to innovate and enhance tyre performance, ensuring they remain at the forefront of the industry. Furthermore, strategic partnerships and collaborations with automobile manufacturers enable them to tailor products that meet specific requirements, reinforcing their position in the market. As the focus on sustainability and eco-friendly practices grows, major players are also exploring green technologies that align with consumer preferences and regulatory expectations.

Bridgestone Corporation is one of the leading companies in the automotive tyre market, renowned for its commitment to innovation and sustainability. With a diverse range of products that cater to various types of vehicles, Bridgestone has established a strong presence in both the OEM and aftermarket segments. The company’s investment in research and development has led to the creation of advanced tyres that enhance safety, performance, and fuel efficiency. Additionally, Bridgestone has made significant strides in implementing sustainable practices throughout its supply chain, positioning itself as a responsible and forward-thinking player in the tyre industry.

Similarly, Michelin is known for its high-quality tyre offerings and commitment to sustainability. The company has focused on developing innovative solutions, such as the Michelin Energy tyre, which is designed to offer lower rolling resistance and improved fuel efficiency. Michelin’s emphasis on research and development has allowed it to lead in eco-design and sustainable manufacturing practices. The company continuously seeks to enhance its product offerings, ensuring they meet the changing demands of consumers in a rapidly evolving automotive landscape. As a result, Michelin remains a formidable competitor within the global automotive tyre market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Michelin
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Giti Tire
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Dunlop Tyres
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Hankook Tire
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Nokian Tyres
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Continental AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Pirelli & C. S.p.A
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Maxxis International
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Toyo Tire Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Bridgestone Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Yokohama Rubber Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Sumitomo Rubber Industries
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Cooper Tire & Rubber Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Goodyear Tire and Rubber Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Cheng Shin Rubber Industry Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive Tyre Sales Market, By Application
    • 6.1.1 Passenger Vehicles
    • 6.1.2 Commercial Vehicles
    • 6.1.3 Two-Wheelers
  • 6.2 Automotive Tyre Sales Market, By Product Type
    • 6.2.1 Radial Tyres
    • 6.2.2 Bias Tyres
    • 6.2.3 Tubeless Tyres
    • 6.2.4 Run-Flat Tyres
    • 6.2.5 Snow/Winter Tyres
  • 6.3 Automotive Tyre Sales Market, By Material Type
    • 6.3.1 Natural Rubber
    • 6.3.2 Synthetic Rubber
    • 6.3.3 Steel
    • 6.3.4 Fabric
    • 6.3.5 Carbon Black

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Automotive Tyre Sales Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive Tyre Sales market is categorized based on

By Product Type

• Radial Tyres
• Bias Tyres
• Tubeless Tyres
• Run-Flat Tyres
• Snow/Winter Tyres

By Application

• Passenger Vehicles
• Commercial Vehicles
• Two-Wheelers

By Material Type

• Natural Rubber
• Synthetic Rubber
• Steel
• Fabric
• Carbon Black

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Bridgestone Corporation
• Michelin
• Goodyear Tire and Rubber Company
• Continental AG
• Pirelli & C. S.p.A
• Dunlop Tyres
• Hankook Tire
• Yokohama Rubber Company
• Cooper Tire & Rubber Company
• Toyo Tire Corporation
• Sumitomo Rubber Industries
• Cheng Shin Rubber Industry Co., Ltd.
• Giti Tire
• Maxxis International
• Nokian Tyres