As of 2024, the global tire market is estimated to be worth US$ 161,790 million, with projections indicating a rise to US$ 204,870 million by 2031, growing at a CAGR of 3.5% from 2025 to 2031. The tire production value in China was US$ 38,945.8 million in 2022, expected to reach US$ 60,246.2 million by 2029, reflecting a 5.92% growth rate from 2023 to 2029. Meanwhile, the North American tire production value stood at US$ 29,728.3 million in 2022, anticipated to rise to US$ 37,754.3 million by 2029 at a growth rate of 4.28%.
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By Types •OE Tire •Replacement Tire
•Automotive Tire
•Bicycle Tire
•Motorcycle/ATV Tire
•Engineering Tire
•Agricultural Tire
•Aero Tire
•Racing Tire
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Key Company
1.Bridgestone – A market leader with innovations in sustainable and performance tires.
2.Michelin – Known for premium and eco-friendly tires.
3.Goodyear – Leading advancements in smart tires and fuelefficient technologies.
4.Continental – A major player with expertise in tire safety and performance.
5.Sumitomo Rubber Industries – A strong presence in the Asia-Pacific region.
6.Pirelli – Specializes in high-performance and racing tires.
7.Hankook – Expanding market share through cost-effective and durable tires.
8.Yokohama – Focuses on sustainability and high-performance tires.
9.Zhongce Rubber Group – A significant player in China’s tire market.
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