Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Tire OEM Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Automotive Tire OEM Market Growth?
The growth trend in the Automotive Tire OEM Global Market Report 2025 market shows a strong increase. The market expanded from $23.04 billion in 2024 to $24.49 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
What Is the Predicted Industry Size and CAGR of the Automotive Tire OEM Market in 2029?
The Automotive Tire OEM Global Market is projected to reach a size of $33.14 billion in 2029, with a compound annual growth rate (CAGR) of 7.9%.
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Which Factors Are Driving Growth in the Automotive Tire OEM Market?
The key drivers in the automotive tire oem market are:
• Rising adoption of electric vehicles
• Focus on sustainable materials and smart manufacturing processes
• Increase in ride-sharing services
• Global expansion of automotive markets
Which Segment Trends Are Covered in the Automotive Tire OEM Market Forecast?
The automotive tire oem market covered in this report is segmented –
1) By Type: Tube Tire, Tubeless Tire
2) By Design: Radial Tire, Bias Tire
3) By Vehicle: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
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What Are the Current Market Trends in the Automotive Tire OEM Industry?
The key trends in the automotive tire oem market are:
• The integration of advanced sensor technologies is a key upcoming trend.
• The focus on improving tire performance and efficiency is shaping the future of the market.
• Advancements in tire materials and the use of run-flat and self-sealing tire technologies are significant trends.
• Tendencies that are impacting the industry include smart tires and connectivity, collaborations for tire technology innovation, and the adoption of 3D printing technology.
Who are the Key Companies in the Automotive Tire OEM Market?
Major players in the automotive tire oem market are:
• Bridgestone Corporation
• Sumitomo Rubber Industries Ltd.
• Pirelli & C. SpA
• Hankook Tire & Technology Co. Ltd.
• Toyo Tire Corporation
• Cooper Tire & Rubber Company
• Kumho Tire Co. Inc.
• Nokian Tyres PLC
• Giti Tire Corporation
• MRF Limited
• Apollo Tyres Ltd.
• Cheng Shin Rubber Industry Co. Ltd.
• Nexen Tire Corporation
• Shandong Linglong Tyre Co. Ltd.
• Zhongce Rubber Group Co. Ltd.
• Triangle Tyre Co. Ltd.
• Sailun Group Co. Ltd.
• Yokohama Rubber Co. Ltd.
• Qingdao Sentury Tire Co. Ltd.
• Goodyear Tyre & Rubber Company
• Aeolus Tyre Co. Ltd.
• Double Coin Holdings Ltd.
• Continental AG
• Shandong Wanda Boto Tyre Co. Ltd.
• JK Tyre & Industries Ltd.
• Hebei Tianyang Rubber Co. Ltd.
• Gui Zhou Tyre Co. Ltd.
What are the Regional Trends Across the Automotive Tire OEM Market?
Asia-Pacific was the largest region in the automotive tire OEM market in 2024
