The Global Tyre market was valued at USD 275.54Billion in 2023 and it is anticipated to grow with a CAGR of more than 7% from 2024 to 2029, achieving USD
The Global tyre market is an allied market to the rapidly shifting automotive market. As vehicles are getting more efficient, infrastructure is getting smoother; the tyre market finds itself a suitable pedestal to grow upon. Technological advancements are also reshaping the market landscape, with a clear shift towards radial and tubeless tyre designs that offer superior performance, durability, and fuel efficiency compared to traditional bias ply tyres. Innovations such as smart tyre technologies that incorporate sensors for monitoring pressure and temperature are enhancing safety and performance. Additionally, sustainability has become a focal point for manufacturers, leading to the development of eco-friendly tyres made from sustainable materials and innovative recycling methods. In order to have a broader understanding of the global landscape of the tyre market, further segmentation has been made based on regions, countries, companies, and the sales channels through which the product is made available to the distributors and customers. Increasing sales of passenger, luxury, and electric vehicles (EVs) on account of rapid urbanization and expanding purchasing power of individuals represent one of the major factors positively influencing the demand for tires around the world. In addition, the rising focus on driver and passenger safety and the growing number of fatal road accidents are catalyzing the demand for premium quality tires that have a longer operational life, enhanced stability and reliability, and high puncture resistance.
According to the report titled, “Global Tyre Market Outlook, 2029”, published by Bonafide research, the market was valued at USD 275.54Billion in 2023 and it is anticipated to grow with a CAGR of more than 7% from 2024 to 2029, achieving USD 413.10 Billion by 2029. Key players are launching eco-friendly, lightweight, and airless three-dimensional (3D) printed variants. They are also focusing on recovering and recycling used tires to minimize their environmental impact and save a considerable amount of energy required to manufacture new ones. Besides this, there is a rise in the number of logistics and transportation activities to deliver packages on time. This, in turn, is propelling the market growth. Furthermore, increasing numbers of farming activities in the agricultural industry are anticipated to create lucrative growth opportunities for the market. Many countries are implementing strict tire performance regulations, including fuel savings and wet grip-related braking distance reduction, in response to growing safety concerns. As a result, there is much potential for tire manufacturing businesses to develop tires that can comply with standards. As a result of increased technological breakthroughs, suppliers are developing extremely effective tires that improve automobiles' overall fuel efficiency. Self-inflating technology and Low Rolling Resistance (LRR) technology are used by tire manufacturers to enhance safety and increase fuel efficiency. These developments are fueling the market growth.
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The manufacturers that make tires are developing a system called "Contact Area Information Sensing" (CAIS), which consists of a sensor mounted to the internal wall of the tire and monitors the sensor's interactions with the road's surface. The technology analyzes the state of the road to determine whether it is dry, wet, slushy, fresh snow, or icy, and then transmits that information in real-time to the driver via a digital screen. The ability to exchange data with other vehicles that are similarly networked would allow CAIS technology, which is currently used by tire manufacturers, to become more advanced. This might enable the vehicle to foresee the actions of the automobile in front. In the future, CAIS may connect air pressure data with air pressure sensors and provide information on tread wear. To improve performance and productivity on the one hand and to lessen the miner's exposure to risks, BKT has also implemented automated equipment and monitoring systems. The SPOTech (Satellite Performance Optimization Technology) monitoring system is designed to take measurements of variables such as average/maximum speed, cycle times, lateral/vertical/longitudinal forces, percent grade, and other relevant data that can be used to optimize haul road construction and resolve problems with tire operation such as uneven wear, belt contour separations, and heat buildup. These advancements in technology which provide better and convenience use to the consumer will drive the market in the forecast period.
The global tyre market is segmented into various categories, each reflecting distinct vehicle types and their respective demands. The primary segments include Passenger Cars, Commercial Vehicles (lightweight and heavy), Two-Wheelers, and Three-Wheelers. Passenger Cars represent a significant portion of the tyre market, driven by an increasing consumer preference for personal vehicles and the rise in luxury car sales, particularly in emerging economies like India and China. The demand for passenger car tyres is bolstered by technological advancements, such as the shift towards radial and tubeless tyres, which offer improved performance and fuel efficiency. As of 2023, the passenger car tyre segment is projected to capture a substantial market share due to these trends. Commercial Vehicles, divided into lightweight and heavy categories, are also crucial to the tyre market. Lightweight commercial vehicles (LCVs) are experiencing growth due to increased urbanization and the expansion of e-commerce, which drives demand for logistics and delivery vehicles. Heavy commercial vehicles (HCVs) benefit from government spending on infrastructure projects, which enhances their operational demand. Two-Wheelers are particularly popular in Asia-Pacific, where they serve as a cost-effective transportation solution. The region's growing middle class and urban population contribute to this segment's robust growth. Tyre manufacturers are focusing on producing durable and efficient tyres tailored for two-wheelers to meet this increasing demand. The Three-Wheeler segment caters primarily to developing markets where these vehicles are essential for short-distance transport. The demand for three-wheeler tyres is rising alongside urbanization trends and the need for affordable transportation options.
Radial tyres are constructed with cords arranged radially from the center of the tyre, providing a more flexible sidewall compared to bias ply tyres. This design allows for better heat dissipation and lower rolling resistance, which translates to improved fuel efficiency. Radial tyres typically feature a steel belt that enhances strength and durability, making them suitable for high-speed driving and diverse road conditions. Their construction enables a longer lifespan, superior traction on asphalt, and enhanced vehicle stability. The demand for radial tyres has surged due to their performance advantages. Innovations in this segment include the development of eco-friendly materials and smart tyre technologies that integrate sensors for real-time monitoring of tyre pressure and temperature. For instance, Pirelli's introduction of the P Zero AS plus 3 exemplifies advancements in all-season tyre technology, combining high performance with comfort and durability tailored for premium vehicles. Bias ply tyres have plies that crisscross at angles typically between 30 to 40 degrees. This construction provides enhanced durability against impacts and cuts, making them ideal for off-road conditions. Bias ply tyres are often heavier due to the increased amount of rubber used in their construction, which contributes to their ruggedness but also results in higher rolling resistance and faster tread wear compared to radial tyres. While bias ply tyres are less common in modern passenger vehicles, they remain relevant in specific applications such as agricultural machinery, vintage cars, and certain off-road vehicles. Innovations in this category include the use of advanced materials like Kevlar to enhance strength without significantly increasing weight.
Make this report your own
Have queries/questions regarding a report
Take advantage of intelligence tailored to your business objective
Manmayi Raval
Research Consultant
The OEM segment involves tyre manufacturers supplying tyres directly to automobile manufacturers for installation on new vehicles. This channel is crucial as it accounts for a significant portion of tyre sales, with estimates indicating that it can represent around 24.6% to 44% of total market sales depending on the region and economic conditions. Major players in this segment include renowned tyre brands like Michelin, Bridgestone, and Goodyear, which have established long-term contracts with automakers. The distribution in this segment typically follows a direct sales model, where tyres are sold in bulk to manufacturers without the need for an elaborate intermediary network. This allows for streamlined operations and cost efficiencies, although it also subjects tyre manufacturers to high bargaining power from OEMs, which can dictate pricing due to their large order volumes. The Replacement segment caters to vehicle owners who need to replace worn-out tyres. This market is broader and more diverse, accounting for approximately 46.5% of total tyre sales. The distribution channels here are more complex and include various intermediaries such as independent tyre dealers, wholesale distributors, regional retail chains, and online platforms. The replacement market is characterized by a mix of direct and indirect sales; while some distributors sell directly to large fleet operators (like transport companies), most sales occur through retail outlets where consumers can choose from multiple brands. Key drivers for demand in the replacement market include an increase in vehicle ownership, rising vehicle miles traveled (VMT), and growing awareness of vehicle maintenance among consumers. Additionally, the shift towards e-commerce has led to an increase in online tyre sales, further diversifying the distribution channels available to consumers.
Globally it has been observed that the different regions have different share patterns depending on the stage of the economy and the penetration of the automotive market and its allied tyre market. In highly developed regions in the globe, such as North America and Europe, where vehicle per 1000 inhabitants metric stands relatively higher than the rest of the world. In regions such as the Asia Pacific, which has become the hub for automotive manufacturing and assembly due to highly competitive labor rates, the productions, as well as sales of tyres, are growing rapidly. South America on the other hand is a major avenue for tyre production and assembly of automotive in the western hemisphere. However, the South American markets are a little far from the Asian Pacific market which is poised with suitable demographics and economic outlook trends. However, a common characteristic of both these regional markets is that the global trend of using radial tyres is still penetrating these markets. Growing economic metrics like GDP per capita, personal disposable income in these regions suggest that their spending habits on the use of personal vehicles will be different from that in developed countries. Therefore the vehicle tyre consumptions on the basis of vehicle types also show slightly inconsistent patterns in some of the segments. However, irrespective of that, it has been observed that globally, passenger cars are the biggest driver for the global tyre market contributing to roughly 60% of the market size in value terms.
COVID-19 Impact
The market was heavily influenced by the pandemic and the spread of the virus. Firstly the market experienced decline in demand with the shutting down of automobile production plants across the globe. Along with this, the travel restriction around the world caused in decreased wear and tear of tires which decreased the demand for replacement tires in the market. The market was heavily affected by the economic distress created by the pandemic. The fluctuation of prices for crude oil, an important raw material for tire manufacturing hampered the market significantly.
Don’t pay for what you don’t need. Save 30%
Customise your report by selecting specific countries or regions
Key Players
Apollo Tires, Bridgestone, CEAT Tires, Continental, Giti, Goodyears Tires, Hankook, JK tires, Kenda Kumho, Maxxis International, Michelin, MRF, Nexen Tire Corp, Nokian Tires, Pirelli, Sailun Group Co., Ltd, Sumitomo Rubber Industries, Titan International , Toyo Tire Corporation, Triangle Tire Co, Zhongce Rubber Group Co, Yokohama, Doublestar Tire, Linglong, Nankang
Considered in the report
• Geography: Global
• Base Year: 2023
• Historical year: 2018
• Forecasted Year: 2029
Regions & Countries covered
• North America (US, Canada, Mexico)
• Europe (UK, France, Germany, Italy, Spain, Russia)
• Asia Pacific (China, Japan, India, Australia)
• South America (Brazil, Argentina, Colombia)
• Middle East (UAE, Saudi Arabia, Qatar, South Africa)
Aspects covered in the report
• Market Size by Value (2018-2029F)
• Market Size by Volume (2018-2029F)
• Market Share by Company
• Market Share by Vehicle Type
• Market Share by End Use
• Market Share by Design
• Market Share by Sales Channel
• Market Share by Region
• Market Share by Country
The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations; validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.
Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Automotive and Transport industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Companies Mentioned
Bridgestone
Apollo Tyres
Ceat Tyres
Continental
Giti Tire
Goodyear Tyres
Hankook Tire
JK Tyre
Kenda Rubber
Kumho Tires
Maxxis International
Michelin
MRF
Nexen Tire Corp
Nokian Tyres
Pirelli
Sailun Group Co., Ltd
Sumitomo Rubber Industries
Titan International
Toyo Tire Corporation
Triangle Tyre Co
Zhongce Rubber Group Co
Yokohama
Doublestar Tire
Linglong
Nankang
Table of Contents
1. Executive Summary
2. Market Dynamics
2.1. Market Drivers & Opportunities
2.2. Market Restraints & Challenges
2.3. Market Trends
2.3.1. XXXX
2.3.2. XXXX
2.3.3. XXXX
2.3.4. XXXX
2.3.5. XXXX
2.4. Covid-19 Effect
2.5. Supply chain Analysis
2.6. Policy & Regulatory Framework
2.7. Industry Experts Views
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Market Structure
4.1. Market Considerate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions
5. Economic /Demographic Snapshot
6. Global Tyre Market Outlook
6.1. Market Size By Value
6.2. Market Share By Region
6.3. Market Size and Forecast, By Geography
6.4. Market Size and Forecast, By Vehicle Type
6.5. Market Size and Forecast, By Design
6.6. Market Size and Forecast, By End User
6.7. Market Size and Forecast, By Sales Channel
7. North America Tyre Market Outlook
7.1. Market Size By Value
7.2. Market Share By Country
7.3. Market Size and Forecast, By Vehicle Type
7.4. Market Size and Forecast, By Design
7.5. Market Size and Forecast, By End User
7.6. Market Size and Forecast, By Sales Channel
7.7. United States Tyre Market Outlook
7.7.1. Market Size By Value
7.7.2. Market Size and Forecast By Vehicle Type
7.7.3. Market Size and Forecast By Design
7.7.4. Market Size and Forecast By End User
7.7.5. Market Size and Forecast By Sales Channel
7.8. Canada Tyre Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Size and Forecast By Vehicle Type
7.8.3. Market Size and Forecast By Design
7.8.4. Market Size and Forecast By End User
7.8.5. Market Size and Forecast By Sales Channel
7.9. Mexico Tyre Market Outlook
7.9.1. Market Size By Value
7.9.2. Market Size and Forecast By Vehicle Type
7.9.3. Market Size and Forecast By Design
7.9.4. Market Size and Forecast By End User
7.9.5. Market Size and Forecast By Sales Channel
8. Europe Tyre Market Outlook
8.1. Market Size By Value
8.2. Market Share By Country
8.3. Market Size and Forecast, By Vehicle Type
8.4. Market Size and Forecast, By Design
8.5. Market Size and Forecast, By End User
8.6. Market Size and Forecast, By Sales Channel
8.7. Germany Tyre Market Outlook
8.7.1. Market Size By Value
8.7.2. Market Size and Forecast By Vehicle Type
8.7.3. Market Size and Forecast By Design
8.7.4. Market Size and Forecast By End User
8.7.5. Market Size and Forecast By Sales Channel
8.8. United Kingdom Tyre Market Outlook
8.8.1. Market Size By Value
8.8.2. Market Size and Forecast By Vehicle Type
8.8.3. Market Size and Forecast By Design
8.8.4. Market Size and Forecast By End User
8.8.5. Market Size and Forecast By Sales Channel
8.9. France Tyre Market Outlook
8.9.1. Market Size By Value
8.9.2. Market Size and Forecast By Vehicle Type
8.9.3. Market Size and Forecast By Design
8.9.4. Market Size and Forecast By End User
8.9.5. Market Size and Forecast By Sales Channel
8.10. Italy Tyre Market Outlook
8.10.1. Market Size By Value
8.10.2. Market Size and Forecast By Vehicle Type
8.10.3. Market Size and Forecast By Design
8.10.4. Market Size and Forecast By End User
8.10.5. Market Size and Forecast By Sales Channel
8.11. Spain Tyre Market Outlook
8.11.1. Market Size By Value
8.11.2. Market Size and Forecast By Vehicle Type
8.11.3. Market Size and Forecast By Design
8.11.4. Market Size and Forecast By End User
8.11.5. Market Size and Forecast By Sales Channel
8.12. Russia Tyre Market Outlook
8.12.1. Market Size By Value
8.12.2. Market Size and Forecast By Vehicle Type
8.12.3. Market Size and Forecast By Design
8.12.4. Market Size and Forecast By End User
8.12.5. Market Size and Forecast By Sales Channel
9. Asia-Pacific Tyre Market Outlook
9.1. Market Size By Value
9.2. Market Share By Country
9.3. Market Size and Forecast, By Vehicle Type
9.4. Market Size and Forecast, By Design
9.5. Market Size and Forecast, By End User
9.6. Market Size and Forecast, By Sales Channel
9.7. China Tyre Market Outlook
9.7.1. Market Size By Value
9.7.2. Market Size and Forecast By Vehicle Type
9.7.3. Market Size and Forecast By Design
9.7.4. Market Size and Forecast By End User
9.7.5. Market Size and Forecast By Sales Channel
9.8. Japan Tyre Market Outlook
9.8.1. Market Size By Value
9.8.2. Market Size and Forecast By Vehicle Type
9.8.3. Market Size and Forecast By Design
9.8.4. Market Size and Forecast By End User
9.8.5. Market Size and Forecast By Sales Channel
9.9. India Tyre Market Outlook
9.9.1. Market Size By Value
9.9.2. Market Size and Forecast By Vehicle Type
9.9.3. Market Size and Forecast By Design
9.9.4. Market Size and Forecast By End User
9.9.5. Market Size and Forecast By Sales Channel
9.10. Australia Tyre Market Outlook
9.10.1. Market Size By Value
9.10.2. Market Size and Forecast By Vehicle Type
9.10.3. Market Size and Forecast By Design
9.10.4. Market Size and Forecast By End User
9.10.5. Market Size and Forecast By Sales Channel
9.11. South Korea Tyre Market Outlook
9.11.1. Market Size By Value
9.11.2. Market Size and Forecast By Vehicle Type
9.11.3. Market Size and Forecast By Design
9.11.4. Market Size and Forecast By End User
9.11.5. Market Size and Forecast By Sales Channel
10. South America Tyre Market Outlook
10.1. Market Size By Value
10.2. Market Share By Country
10.3. Market Size and Forecast, By Vehicle Type
10.4. Market Size and Forecast, By Design
10.5. Market Size and Forecast, By End User
10.6. Market Size and Forecast, By Sales Channel
10.7. Brazil Tyre Market Outlook
10.7.1. Market Size By Value
10.7.2. Market Size and Forecast By Vehicle Type
10.7.3. Market Size and Forecast By Design
10.7.4. Market Size and Forecast By End User
10.7.5. Market Size and Forecast By Sales Channel
10.8. Argentina Tyre Market Outlook
10.8.1. Market Size By Value
10.8.2. Market Size and Forecast By Vehicle Type
10.8.3. Market Size and Forecast By Design
10.8.4. Market Size and Forecast By End User
10.8.5. Market Size and Forecast By Sales Channel
10.9. Columbia Tyre Market Outlook
10.9.1. Market Size By Value
10.9.2. Market Size and Forecast By Vehicle Type
10.9.3. Market Size and Forecast By Design
10.9.4. Market Size and Forecast By End User
10.9.5. Market Size and Forecast By Sales Channel
11. Middle East & Africa Tyre Market Outlook
11.1. Market Size By Value
11.2. Market Share By Country
11.3. Market Size and Forecast, By Vehicle Type
11.4. Market Size and Forecast, By Design
11.5. Market Size and Forecast, By End User
11.6. Market Size and Forecast, By Sales Channel
11.7. UAE Tyre Market Outlook
11.7.1. Market Size By Value
11.7.2. Market Size and Forecast By Vehicle Type
11.7.3. Market Size and Forecast By Design
11.7.4. Market Size and Forecast By End User
11.7.5. Market Size and Forecast By Sales Channel
11.8. Saudi Arabia Tyre Market Outlook
11.8.1. Market Size By Value
11.8.2. Market Size and Forecast By Vehicle Type
11.8.3. Market Size and Forecast By Design
11.8.4. Market Size and Forecast By End User
11.8.5. Market Size and Forecast By Sales Channel
11.9. South Africa Tyre Market Outlook
11.9.1. Market Size By Value
11.9.2. Market Size and Forecast By Vehicle Type
11.9.3. Market Size and Forecast By Design
11.9.4. Market Size and Forecast By End User
11.9.5. Market Size and Forecast By Sales Channel
12. Competitive Landscape
12.1. Competitive Dashboard
12.2. Business Strategies Adopted by Key Players
12.3. Key Players Market Share Insights and Analysis, 2022
12.4. Key Players Market Positioning Matrix
12.5. Porter's Five Forces
12.6. Company Profile
12.6.1. Company 1
12.6.1.1. Company Snapshot
12.6.1.2. Company Overview
12.6.1.3. Financial Highlights
12.6.1.4. Geographic Insights
12.6.1.5. Business Segment & Performance
12.6.1.6. Product Portfolio
12.6.1.7. Key Executives
12.6.1.8. Strategic Moves & Developments
12.6.2. Company 2
12.6.3. Company 3
12.6.4. Company 4
12.6.5. Company 5
12.6.6. Company 6
12.6.7. Company 7
12.6.8. Company 8
12.6.9. Company 9
12.6.10. Company 10
12.6.11. Company 11
12.6.12. Company 12
12.6.13. Company 13
12.6.14. Company 14
12.6.15. Company 15
12.6.16. Company 16
12.6.17. Company 17
12.6.18. Company 18
12.6.19. Company 19
12.6.20. Company 20
13. Strategic Recommendations
14. Annexure
14.1. FAQ`s
14.2. Notes
14.3. Related Reports
15. Disclaimer
Table 1: Global Tyre Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Tyre Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Tyre Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Tyre Market Size and Forecast, By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 8: Global Tyre Market Size and Forecast, By Design (2018 to 2029F) (In USD Billion)
Table 9: Global Tyre Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 10: Global Tyre Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 11: North America Tyre Market Size and Forecast, By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 12: North America Tyre Market Size and Forecast, By Design (2018 to 2029F) (In USD Billion)
Table 13: North America Tyre Market Size and Forecast, By End Userr (2018 to 2029F) (In USD Billion)
Table 14: North America Tyre Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 15: United States Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 16: United States Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 17: United States Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 18: United States Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 19: Canada Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 20: Canada Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 21: Canada Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 22: Canada Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 23: Mexico Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 24: Mexico Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 25: Mexico Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 26: Mexico Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 27: Europe Tyre Market Size and Forecast, By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 28: Europe Tyre Market Size and Forecast, By Design (2018 to 2029F) (In USD Billion)
Table 29: Europe Tyre Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 30: Europe Tyre Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 31: Germany Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 32: Germany Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 33: Germany Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 34: Germany Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 35: United Kingdom Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 36: United Kingdom Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 37: United Kingdom Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 38: United Kingdom Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 39: France Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 40: France Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 41: France Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 42: France Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 43: Italy Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 44: Italy Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 45: Italy Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 46: Italy Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 47: Spain Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 48: Spain Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 49: Spain Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 50: Spain Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 51: Russia Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 52: Russia Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 53: Russia Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 54: Russia Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 55: Asia-Pacific Tyre Market Size and Forecast, By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 56: Asia-Pacific Tyre Market Size and Forecast, By Design (2018 to 2029F) (In USD Billion)
Table 57: Asia-Pacific Tyre Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 58: Asia-Pacific Tyre Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 59: China Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 60: China Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 61: China Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 62: China Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 63: Japan Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 64: Japan Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 65: Japan Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 66: Japan Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 67: India Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 68: India Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 69: India Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 70: India Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 71: Australia Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 72: Australia Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 73: Australia Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 74: Australia Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 75: South Korea Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 76: South Korea Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 77: South Korea Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 78: South Korea Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 79: South America Tyre Market Size and Forecast, By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 80: South America Tyre Market Size and Forecast, By Design (2018 to 2029F) (In USD Billion)
Table 81: South America Tyre Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 82: South America Tyre Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 83: Brazil Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 84: Brazil Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 85: Brazil Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 86: Brazil Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 87: Argentina Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 88: Argentina Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 89: Argentina Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 90: Argentina Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 91: Colombia Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 92: Colombia Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 93: Colombia Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 94: Colombia Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 95: Middle East & Africa Tyre Market Size and Forecast, By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 96: Middle East & Africa Tyre Market Size and Forecast, By Design (2018 to 2029F) (In USD Billion)
Table 97: Middle East & Africa Tyre Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 98: Middle East & Africa Tyre Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 99: United Arab Emirates Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 100: United Arab Emirates Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 101: United Arab Emirates Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 102: United Arab Emirates Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 103: Saudi Arabia Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 104: Saudi Arabia Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 105: Saudi Arabia Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 106: Saudi Arabia Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 107: South Africa Tyre Market Size and Forecast By Vehicle Type (2018 to 2029F) (In USD Billion)
Table 108: South Africa Tyre Market Size and Forecast By Design (2018 to 2029F) (In USD Billion)
Table 109: South Africa Tyre Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 110: South Africa Tyre Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Figure 1: Global Tyre Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Tyre Market Share By Region (2023)
Figure 6: North America Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Tyre Market Share By Country (2023)
Figure 8: US Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Europe Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Europe Tyre Market Share By Country (2023)
Figure 13: Germany Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: UK Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: France Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 16: Italy Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 17: Spain Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 18: Russia Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 19: Asia-Pacific Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 20: Asia-Pacific Tyre Market Share By Country (2023)
Figure 21: China Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 22: Japan Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 23: India Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 24: Australia Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 25: South Korea Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 26: South America Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 27: South America Tyre Market Share By Country (2023)
Figure 28: Brazil Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 29: Argentina Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 30: Columbia Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 31: Middle East & Africa Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 32: Middle East & Africa Tyre Market Share By Country (2023)
Figure 33: UAE Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 34: Saudi Arabia Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 35: South Africa Tyre Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2023
Figure 37: Market Share insights of key players, 2023
Figure 38: Porter's Five Forces of Global Tyre Market
Market Research FAQs
Global Tire market is projected to expand with over 4% CAGR for 2022-2027.
Above 2218 million units of tires were consumed in Global during the year of 2021.
The biggest market globally is the Asia Pacific region followed closely by North America
The 3 Wheelers and other segment is expected to grow with the Highest CAGR of almost 9% during the forecast period.
In 2021 the replacement category in the end use segment had the higher market share with value of around USD 165 Billion.
Allows one individual to access the purchased report Read More
Coupon Code : BLACK
Allows up to five individuals to access the purchased report Read More
Coupon Code : BLACK
Allows all employees of an organization to access the purchased report. Internal sharing only Read More
Coupon Code : BLACK
Allows all employees of an organization to access the purchased report. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral Read More