The Pneumatic 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 Pneumatic Tire Market?
The market size of the pneumatic tire industry has seen significant expansion in recent times. The market value is set to increase from $392.55 billion in 2024 to $433.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Pneumatic Tire Industry?
The Pneumatic Tire Global Market is projected to reach a value of $601.46 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.6%.
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What are the Key Growth Drivers Fueling the Pneumatic Tire Market?
The key drivers in the pneumatic tire market are:
• Globalization of trade stimulating demand
• Fluctuations in raw material prices impacting production costs
• Government initiatives supporting industry growth
• Increased competition among tire manufacturers pushing innovation and development
Global Market Segmentation: Identifying Major Pneumatic Tire Industry Segments
The pneumatic tire market covered in this report is segmented –
1) By Product Type: Radial Tires, Cross-Ply Tires
2) By Vehicle Type: Two Wheelers, Four Wheelers, Passenger Cars, Aircraft, Other Vehicle Types
3) By Sales Channel: Original Equipment Manufacturer (OEM), After market
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What are the Emerging Trends Shaping the Future of the Pneumatic Tire Market?
The key trends in the pneumatic tire market are:
• Technological innovations in the pneumatic tire market is a key emerging trend.
• Integration of smart tires and sensors is increasingly gaining traction.
• Innovations in tire materials are shaping the future of the market.
• Trends like tire connectivity and vehicle-to-tire communication are making a significant impact.
Who Are the Top Competitors & Leading Players in the Pneumatic Tire Market?
Major companies in the pneumatic tire market are:
• Sumitomo Rubber Industries Ltd. (SRI)
• Continental AG
• Bridgestone Corporation
• Michelin
• The Goodyear Tire & Rubber Company
• Hankook tire Co. Ltd
• Pirelli & C.S.
• The Yokohama rubber co. Ltd
• Trelleborg AB
• CST Tires
• Apollo tires
• Cooper tire & rubber company
• MRF Tyres
• Camso Solideal
• JK tire & Industries Ltd
• Nexen Tire Corporation
• Nokian Tyres plc
• Balkrishna Industries Limited (BKT)
• Aichi
• TVS Rubber
• Kumho tire Co
• Purcell Tire & Rubber Co
• Maxam Tire
• Mitas Moto
• Millennium Tire
• Chaoyang Tires LLC
• CM Rubber Technologies
• TOKAI Solid Tire
Regional Dominance: Which Area Leads the Global Pneumatic Tire Market?
Asia-Pacific was the largest region in the pneumatic tire market in 2024
