Automotive Tires
Automotive Tires Market by Tire Type (Bias Tires, Radial Tires), Tread Design (All-season Tires, Off-road Tires, Summer Tires), Distribution Channel, Vehicle Type, Component, Technology, End-user - Global Forecast 2025-2030
SKU
MRR-434CCDA0483E
Region
Global
Publication Date
February 2025
Delivery
Immediate
2024
USD 239.94 billion
2025
USD 254.49 billion
2030
USD 339.51 billion
CAGR
5.95%

The Automotive Tires Market size was estimated at USD 239.94 billion in 2024 and expected to reach USD 254.49 billion in 2025, at a CAGR 5.95% to reach USD 339.51 billion by 2030.

Automotive Tires Market
To learn more about this report, request a free PDF copy

The scope and definition of the automotive tire market encompass the design, production, distribution, and sale of tires used in various vehicle types, including passenger cars, light trucks, heavy trucks, buses, and motorcycles. The necessity of this market primarily stems from the essential function tires play in ensuring safety, efficiency, and performance. The application of automotive tires is broad, ranging from standard road use to specialized environments like racing or off-roading. End-use scope involves OEM manufacturers, replacement tire markets, and aftermarket services. Key growth factors include the increasing demand for fuel-efficient and environment-friendly tires in light of changing consumer preferences and stringent emission norms promoted by governments worldwide. Furthermore, technological advancements, such as smart tires with integrated sensors for real-time data collection, also bolster market prospects. Opportunities lie in the development of tire manufacturing through sustainable materials and processes, alongside embracing advances in tire recycling techniques. However, the market is constrained by fluctuating raw material costs, regulatory complexities, and intense competition. Limitations also arise from the need for substantial capital investments in R&D to develop cutting-edge technologies. Areas ripe for innovation include the enhancement of tire tread patterns to improve longevity and performance across varied terrains and climates, as well as incorporating eco-friendly production practices such as biodegradable materials or reducing carbon footprints. Additionally, exploring the integration of IoT technology to provide data-driven insights into tire usage and wear patterns offers new growth avenues. The market's nature is highly competitive yet promising for players willing to invest in sustainable and technology-driven solutions. Firms can leverage these innovations to meet consumer demands while staying ahead in the evolving automotive landscape. In conclusion, while myriad challenges exist, the market is buoyant with potential for adaptive and forward-thinking businesses.

Ask ResearchAI anything

World's First Innovative Al for Market Research

Ask your question about the Automotive Tires market, and ResearchAI will deliver precise answers.
How ResearchAI Enhances the Value of Your Research
ResearchAI-as-a-Service
Gain reliable, real-time access to a responsible AI platform tailored to meet all your research requirements.
24/7/365 Accessibility
Receive quick answers anytime, anywhere, so you’re always informed.
Maximize Research Value
Gain credits to improve your findings, complemented by comprehensive post-sales support.
Multi Language Support
Use the platform in your preferred language for a more comfortable experience.
Stay Competitive
Use AI insights to boost decision-making and join the research revolution at no extra cost.
Time and Effort Savings
Simplify your research process by reducing the waiting time for analyst interactions in traditional methods.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Tires Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Analyzing the impact of government regulations and environmental concerns on tire manufacturing
    • Understanding market dynamics and technological advancements shaping the automotive tire industry
    • Examining the growing significance of sustainable and eco-friendly tire solutions in market expansion
  • Market Restraints
    • Global supply chain disruptions restraining the tire industry amidst rising demand for sustainable products
    • Competitive pressures from low-cost manufacturers posing significant hurdles for established tire brands
    • Innovations in alternative transportation reducing traditional automotive tire market opportunities
  • Market Opportunities
    • Expanding the market with eco-friendly tires for environmentally conscious consumers seeking sustainability
    • Introducing custom tire designs for adventure enthusiasts who frequently drive on off-road terrains
    • Capitalizing on urbanization trends by offering durable tires designed for city driving and frequent stops
  • Market Challenges
    • Navigating the challenges of adapting to evolving electric and autonomous vehicle technologies
    • The increasing demand for larger and specialized tires for SUVs and off-road vehicles pressures production
    • Challenges of technological advancements in tire design and production in the automotive industry

Market Segmentation Analysis

  • Type: Increasing adoption of tubeless tires for safety features

    Tubed tires are a conventional type of automotive tire that require an inner tube to hold the air pressure that inflates to support the vehicle's weight and allow proper tire functionality. Tubed tires are often used in applications where the tires are subject to heavy-duty use in commercial vehicles along with bicycles, motorcycles, and off-road vehicles. Tubeless tires represent a more modern advancement in tire technology and are widely used across the automotive industry, particularly in passenger vehicles. Tubeless tires eliminate the requirement for an inner tube by relying on an airtight seal between the tire and the rim of the wheel and reduce the risk of a tire blowout.

  • Rim Size: Significance of automotive tires based on rim size

    Tires with rim sizes ranging from 12 to 17 inches are commonly found on standard passenger vehicles, including subcompacts, compacts, and some mid-size cars. Typically, tires in the 12'' to 17'' size range offer a broad selection of tread patterns designed for various weather conditions and driving expectations. The 18 to 21 inch rim size range caters largely to sports sedans, performance vehicles, and lighter SUVs and crossovers. The consumer base for 18- to 21-inch rim-size tires often demands an optimal mix of performance, including improved handling, lower road noise, and higher speed ratings, without significantly compromising comfort. Tires for rims above 22 inches cater to a lucrative segment of the automotive market that includes luxury SUVs, high-performance cars, and custom vehicles.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive Tires Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Automotive Tires Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Tires Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Tires Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • Kumho Announces New Solus 4S HA32 All-Weather Tire

    Kumho Tire USA aimed to redefine all-season driving with the launch of the Solus 4S HA32, a superior grand touring tire that promises unparalleled performance for passenger cars, CUVs, and SUVs. Masterfully engineered with a V-shaped directional tread and expansive lateral grooves, the tire ensures exceptional traction across all weather conditions. Further elevating its versatility, it boasts the prestigious 3-Peak Mountain Snowflake certification, making it a reliable companion in harsh winter climates. [Published On: December 05, 2023]

  • Hankook Tire to Add Truck and Bus Tire Production Line to its European Plant

    Hankook Tire announced enhancing its European operations by introducing a state-of-the-art Truck Bus Radial (TBR) production line at its Rácalmás facility in Hungary, a decision greenlit. With an investment of EUR 540 million, the project anticipates creating 450 new jobs and aims to be operational by 2027, generating an estimated 2,380 TBR units daily, which scales up to 800,000 units annually. This strategic move is expected to bolster Hankook Tire’s global presence and total international production to over 102 million tires annually across its global network of eight plants. [Published On: November 24, 2023]

  • PIF and Pirelli Announce Joint Venture to Establish Tire Manufacturing Facility in Saudi Arabia

    The Public Investment Fund (PIF) of Saudi Arabia, in partnership with Pirelli Tyre S.P.A, announced the formation of a joint venture to erect a state-of-the-art tire production facility within Saudi Arabia. This initiative aligns with Saudi Arabia's vision to transform into a pivotal automotive hub by 2030, a venture further exemplified by PIF's recent collaborations, such as a USD 500 million automotive plant with Hyundai Motor Company and the establishment of Tasaru, aimed at catalyzing the automotive and mobility sectors. [Published On: October 26, 2023]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Tires Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Tires Market, highlighting leading vendors and their innovative profiles. These include Apollo Tyres Limited, Bridgestone Corporation, CEAT Ltd., Cheng Shin Rubber Ind. Co. Ltd., Continental AG, Giti Tire Pte Ltd., Hankook Tire & Technology Group, Haulmax Tyres, Hefei Wanli Tire Co., Ltd., Inoac Corporation, JK Tyre & Industries Ltd., Kumho Tire Co., Inc., Madras Rubber Factory Limited, Magna Tyres Group, Michelin Corporation, Nexen Tire Corporation, Nokian Tyres PLC, Pirelli & C.S.p.A., Ralson (India) Limited, Sailun Group Co., Ltd., Salsons Impex Pvt. Ltd. by Atlas Group, Sinochem Group, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Triangle Tyre Co., Ltd., TVS Srichakra Ltd., Xingyuan Tires Group, Yokohama Rubber Co. Ltd., and Zhongce Rubber Group Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Automotive Tires Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Tire Type
    • Bias Tires
    • Radial Tires
  • Tread Design
    • All-season Tires
      • Performance All-season Tires
      • Standard All-season Tires
    • Off-road Tires
      • All-terrain Tires
      • Mud-terrain Tires
    • Summer Tires
      • Performance Summer Tires
      • Ultra-high-performance Summer Tires
    • Touring Tires
      • Grand Touring Tires
        • Low Rolling Resistance Tires
      • Performance Touring Tires
      • Standard Touring Tires
    • Winter Tires
      • Studdable Winter Tires
      • Studless Ice & Snow Tires
  • Distribution Channel
    • Aftermarket
      • Online Stores
        • Brand Websites
        • E-commerce Platforms
      • Retail Stores
        • Specialty Stores
        • Supermarkets
    • OEM (Original Equipment Manufacturer)
      • Auto Manufacturers
  • Vehicle Type
    • Light Commercial Vehicles
      • Pick-up Trucks
      • Vans
    • Passenger Cars
      • Hatchbacks
      • Sedans
  • Component
    • Beads
    • Sidewalls
    • Tread
      • Rubber Compound
      • Tread Pattern
  • Technology
    • Eco-friendly Tires
    • Run-flat Tires
    • Self-inflating Tires
  • End-user
    • Business
      • Fleet Operators
      • Rental Services
    • Consumer
      • Individual Buyers
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Automotive Tires Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Tires Market, by Tire Type
  7. Automotive Tires Market, by Tread Design
  8. Automotive Tires Market, by Distribution Channel
  9. Automotive Tires Market, by Vehicle Type
  10. Automotive Tires Market, by Component
  11. Automotive Tires Market, by Technology
  12. Automotive Tires Market, by End-user
  13. Americas Automotive Tires Market
  14. Asia-Pacific Automotive Tires Market
  15. Europe, Middle East & Africa Automotive Tires Market
  16. Competitive Landscape
  17. List of Figures [Total: 31]
  18. List of Tables [Total: 983 ]
  19. List of Companies Mentioned [Total: 30]
360iResearch Analyst Ketan Rohom
Download a Free PDF
Get a sneak peek into the valuable insights and in-depth analysis featured in our comprehensive automotive tires market report. Download now to stay ahead in the industry! Need more tailored information? Ketan is here to help you find exactly what you need.
Frequently Asked Questions
  1. How big is the Automotive Tires Market?
    Ans. The Global Automotive Tires Market size was estimated at USD 239.94 billion in 2024 and expected to reach USD 254.49 billion in 2025.
  2. What is the Automotive Tires Market growth?
    Ans. The Global Automotive Tires Market to grow USD 339.51 billion by 2030, at a CAGR of 5.95%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.