Increasing usage of passenger vehicle after the covid is driving innovation and growth in automotive tire market at a CAGR of 4.7% during the forecast period 2025 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Automotive Tire market” that contains the information from 2019 to 2032.

 The Automotive Tire market is estimated to register a CAGR of 4.7 % during the forecast period of 2025 to 2032.

MRFR recognizes the following companies as the key players in the Automotive Tire market— Bridgestone Corporation, Michelin Pvt. Ltd., Continental Ltd., Pirelli & C.S.P.A., The Goodyear Tire & Rubber Company, Hangzhou Zhongce Rubber Company, Nexen Tire, Kumho Tire Co., Inc., Hankook Tire Co. Ltd., Nankang Rubber Tire Corp., Ltd, Toyo Tire Corporation, Ceat Ltd., Apollo Tyres Ltd., and Balkrishna Industries Ltd.

Automotive Tire market Highlights

The Automotive Tire market is accounted for to register a CAGR of 4.7 % during the forecast period and is estimated to reach USD 2,90,276.6 million by 2032.

Automotive tires are circular, rubber-based components mounted on vehicle wheels to provide traction, support, and cushioning between the vehicle and the road surface. They play a critical role in ensuring safety, performance, and fuel efficiency by maintaining grip, absorbing shocks, and enabling smooth vehicle movement. Tires are typically made from a combination of natural and synthetic rubber, fabric, steel, and chemical compounds to enhance durability, flexibility, and performance. They are designed with specific tread patterns to optimize handling, braking, and resistance to wear under various driving conditions.

The automotive tire sector is changing gradually in response to the developments in the world market with vehicle par counts and technological changes transforming the replacement and OEM demand. The main growth driver is the increased demand of passenger cars, particularly in the emerging economies whereby the increasing disposable income and better road network keeps on raising the number of vehicles. Considering this, the growing popularity of electric vehicles (EVs) is generating incremental demand of tires that are specific to higher torque, lower rolling resistance, and reduced noise. Simultaneously, safety and fuel efficiency government controls are driving automakers and fleet operators to more performance tires, faster growing use of advanced tread designs, superior wet grip compounds, and low-rolling-resistance products.

Nevertheless, the market participants are limited significantly. Price volatility of the raw materials, especially natural rubber, synthetic rubber and petrochemical derivatives- can interfere with cost structure and squeeze margins especially when prices cannot be recaptured promptly. Moreover, compliance with regulations and the environment is becoming more rigid in all regions, and manufacturers must invest in the cleaner production processes, traceable sourcing, and increased recyclability, which increases the complexity of operation and compliance expenses.

On the opportunity side, sustainability increasingly demands are creating high demand on green tires, silica-based compounds, lightweight tires and bio-based tires that lower rolling resistance and emissions throughout the tire life. In the meantime, airless tires are attracting increased attention in the market, especially in the field where the ability to resist puncturing and the possibility of not spending a lot of time on a flat tire is an important factor, which opens a perspective of new product lines in the long term.

The major trends that have influenced competition are the growing attention to safety and performance, the growing adoption of radial tires in the passenger and commercial markets, and the introduction of smart tire technology with embedded sensors and connectivity to provide real-time pressure/temperature monitoring, predictive maintenance, and enhance fleet efficiency.

Segment Analysis

The Automotive Tire market has been segmented based on Season Type, Type, Rim Size, Vehicle Type, Vehicle Propulsion, End Use, and Region.

Based on season type, the global automotive type market has been segmented into Summer, Winter, and All Season. Summer segment account for the largest market share in 2024 contributing to market revenue of USD 91,097.0 Mn.

Based on Type, the Automotive Tire market has been segmented into radial and bias. In 2024, radial tire segment accounted for the largest market share. The world automotive Tires industry develops because the radial Tires have outstanding durability, enhanced fuel economy, and enhanced performance potential.

Based on rim size, the Automotive Tire market has been segmented into Less than 15 Inches, 15 to 20 Inches, and More than 20 Inches. 15 to 20 Inches segment accounted for the largest market share in 2024 with the market value of USD 1,60,283.9 Mn. There is a growing demand of Tires that is between 15 and 20 inches because the automotive Tires market in the world is experiencing a surge of sale of mid-size and crossover vehicles.

Based on application, the Automotive Tire market has been segmented into on the road, and off the road. In the year 2024, on the road segment accounted for the largest market share.

Based on vehicle type, the global automotive type market has been segmented into Passenger Vehicle, Commercial Vehicle, 2/3 Wheeler, Off-Highway Vehicles. Further the passenger vehicles are classified as Hatchback, Sedan, SUVs, MPVs, and Others, and commercial vehicles are classified as LCVs, Trucks, Busses & Coaches whereas the Off-Highway Vehicles are classified as Agricultural Vehicles, Industrial Vehicles, and Construction & Mining Vehicles.

Based on vehicle propulsion, the Automotive Tire market has been segmented into ICE and Electric. In 2024, electric segment accounted for the largest market share. The automotive Tire market in the global industry is also expanding with the rise in electric vehicle adoption by consumers who have adopted electric vehicles because of environmental factors and government incentives.

Based on end use, the Automotive Tire market has been segmented into OEM and Replacement. Further the replacement segment is classified into online, and offline/retail. In the base year, replacement segment contributed the most in global market share specifically offline/retail accounting for most of the market share.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South and Central America. Asia Pacific region was the highest contributor of Automotive Tire market in the year 2024.

The market is characterized by different tastes of consumers, varying regulatory systems, and varying levels of maturity across the countries. The market is expanding due to the rising level of urbanisation, rising vehicle ownership levels, and availability of large automotive manufacturing hubs. The Tire business segments, including the economy and the premium ones, demonstrate strong demand in the region, which can be attributed to the different economic backgrounds and consumer tastes observed in different countries. Due to the huge investment in the Tire industry, China will capture the region. The Tire industry in China is largest in the world in terms of volume. The China Rubber Industry Association Tire Branch report on the 38 largest member businesses in the industry showed that over 500 million tires were produced in 2021, an increase of 11.28 percent compared to 2020. The development of the middle class has also raised the demand of cars to the all-time high, and this has resulted in the tires of every type booming on the market. In the projection period, the Asia Pacific region could be further dominated by technological innovation and heavy spending of R&D by large companies. China is expected to have the largest market share in Asia-Pacific region with huge sales of innovative tires such as airless tires, 3D-printed tires, and puncture-proof tires.

Moreover, the market is growing with the increasing demand of the high-performance and next-generation tires in luxury and high-end cars. Besides this, the tire demand in the region is also being boosted by the increasing demand of replacement tires by the sheer number of passenger car owners and the high frequency of tires replacement after a specific usage limit.

Key Findings of the Study

• The Automotive Tire market is expected to reach USD 2,90,276.6 million by 2032, at a CAGR of 4.7% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market.


• Based on Type, the radial segment was attributed to holding the largest market in 2024.


• Bridgestone Corporation, Michelin Pvt. Ltd., Continental Ltd., Pirelli & C.S.P.A., The Goodyear Tire & Rubber Company, Hangzhou Zhongce Rubber Company, Nexen Tire, Kumho Tire Co., Inc., Hankook Tire Co. Ltd., Nankang Rubber Tire Corp., Ltd, Toyo Tire Corporation, Ceat Ltd., Apollo Tyres Ltd., and Balkrishna Industries Ltd., among others are some of the players in the market.