The Automotive Tire Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive Tire Market?
The market size of the automotive tire has experienced significant growth lately. The growth was from $138.64 billion in 2024 to $145.87 billion in 2025 with a compound annual growth rate (CAGR) of 5.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive Tire Industry?
The Automotive Tire Global Market is anticipated to reach a market size of $185.55 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.2%.
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What are the Key Growth Drivers Fueling the Automotive Tire Market?
The key drivers in the automotive tire market are:
• Market adaptation to evolving vehicle types
• Rise in autonomous vehicles
• Increased demand for all-terrain and all-weather tires
• Shift towards high-performance tires
Global Market Segmentation: Identifying Major Automotive Tire Industry Segments
The automotive tire market covered in this report is segmented –
1) By Rim Size: Less Than 15 Inches, 15 To 20 Inches, More Than 20 Inches
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle, Electric Vehicle
3) By Manufacturing: Radial Tire, Bias Tire
4) By Distribution Channel: Original Equipment Manufacturer (OEM), After market
5) By Season Type: Summer, Winter, All Seasons
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What are the Emerging Trends Shaping the Future of the Automotive Tire Market?
The key trends in the automotive tire market are:
• Advancements in tire technology are emerging as a trend.
• The shift towards electric vehicles is becoming more prevalent.
• Fuel efficiency is increasingly a focus in the industry.
• There is a trend towards using more sustainable and Eco-friendly materials in tire production.
Who Are the Top Competitors & Leading Players in the Automotive Tire Market?
Major companies in the automotive tire market are:
• Continental AG
• Bridgestone Corporation
• Michelin Group
• Goodyear Tire & Rubber Company
• Nankang Rubber Tire Corp. Ltd.
• Sumitomo Rubber Industries Ltd.
• Hankook & Company Co. Ltd.
• Pirelli & C. S.p.A
• The Yokohama Rubber Co. Ltd.
• MRF Limited
• Trelleborg AB
• Toyo Tire Corporation
• Sailun Group Co. Ltd.
• Cheng Shin Rubber Ind. Co. Ltd.
• Cheng Shin Rubber Industry Co.
• Apollo Tyres Ltd.
• Giti Tire Global Trading Pte. Ltd.
• Shandong Linglong Group Co. Ltd.
• Kumho Tire Co. Inc.
• Linglong Tire Co. Ltd.
• Cooper Tire & Rubber Company
• Nexen Tire Corporation
• Nokian Tyres plc
• JK Tyre & Industries Ltd.
• CEAT Limited
• Triangle Tyre Co. Ltd.
• Double Coin Holdings Ltd.
• Aeolus Tyre Co. Ltd.
• Salsons Impex Pvt. Ltd.
• Shinko Tires USA
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the automotive tire market in 2024
