Global Tire Market Research Report – 2025 Outlook, Trends, Share, Size Forecast
MarkNtel Advisors has released an in-depth report on the Global Tire Market, offering critical insights into the market's size, growth, trend, projections, and emerging dynamics. This report delivers a comprehensive analysis of growth opportunities, competitive landscape, technological developments, and evolving consumer demands—equipping industry stakeholders with the data necessary to make informed decisions.
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Global Tire Market Trend
Technological Advancement to be a Trending Aspect in the Market – Numerous technological advancements have been made in the tires, and nowadays, many manufacturers are launching highly advanced innovative tyres in the market, thus becoming a trending aspect across the Tire Market in the present years. The introduction of rimless tires, green tires, and the usage of lightweight elastomers metals such as alloys carbon fiber or composites like manganese bronze nickel aluminum bronze to manufacture tires are some of the technological advancements being done in the industry.
Furthermore, prominent tire manufacturers are integrating nanotechnology and other cutting-edge software innovations into their tire production processes, resulting in a diverse range of advanced tire options. For instance, Bridgestone Tires, a renowned tire and rubber manufacturer, employs Contact Area Information Sensing (CAIS) technology to gather assess data regarding the tire's contact area, enabling the detection of road conditions. Hence, with these advancements the future of transportation would transform completely, thus contributing to encouraging the market growth.
Leading Companies and Competitive Landscape of Global Tire Market
The competitive landscape of the Global Tire Market is shaped by both top giants and emerging players. These companies are actively involved in product launches, mergers acquisitions, and geographical expansions to support their market presence.
Key Market Players Include:
- Bridgestone Corporation
- Continental AG
- Hankook Company Co., Ltd.
- Michelin
- Nokian Tyres Plc
- Pirelli C. S.P.A.
- Sumitomo Rubber Industries, Ltd.
- The Yokohama Rubber Co., Ltd.
- Toyo Tire Corporation
- MRF Limited
- CEAT Limited
- JK Tire Industries Ltd.
- Apollo Tires Ltd
- Zhongce Rubber Group Co., Ltd.
- Sailun Group Co., Ltd
- Others
These players are continuously innovating and investing in technological solutions to meet the dynamic needs of the market while maintaining a competitive edge.
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Global Tire Market Segmentation and Region
By Vehicle Type
- Two-wheeler- Market Size Forecast 2020-2030, (Thousand Units)
- Three-wheeler- Market Size Forecast 2020-2030, (Thousand Units)
- Passenger Car- Market Size Forecast 2020-2030, (Thousand Units)
- Commercial Vehicle -Market Size Forecast 2020-2030, (Thousand Units)
- Light Commercial Vehicle (LCV) -Market Size Forecast 2020-2030, (Thousand Units)
- Medium Heavy Commercial Vehicle (MHCV) -Market Size Forecast 2020-2030, (Thousand Units)
- Off-the-Road Vehicle (OTR)-Market Size Forecast 2020-2030, (Thousand Units)
By Demand Type
- OEM - Market Size Forecast 2020-2030, (Thousand Units)
- Replacement - Market Size Forecast 2020-2030, (Thousand Units)
By Tire Type
- Radial- Market Size Forecast 2020-2030, (Thousand Units)
- Bias - Market Size Forecast 2020-2030, (Thousand Units)
By Season
- Summer Tires- Market Size Forecast 2020-2030, (Thousand Units)
- Winter Tires - Market Size Forecast 2020-2030, (Thousand Units)
- All Season Tires- Market Size Forecast 2020-2030, (Thousand Units)
By Sales Channel
- Direct Sales- Market Size Forecast 2020-2030, (Thousand Units)
- Dealer Distributor - Market Size Forecast 2020-2030, (Thousand Units)
- Online Platform- Market Size Forecast 2020-2030, (Thousand Units)
By Rim Size
- Up to 12” - Market Size Forecast 2020-2030, (Thousand Units)
- 1” to 15” - Market Size Forecast 2020-2030, (Thousand Units)
- 1” to 18” - Market Size Forecast 2020-2030, (Thousand Units)
- 18” to 22.5” - Market Size Forecast 2020-2030, (Thousand Units)
- 6” to 26” - Market Size Forecast 2020-2030, (Thousand Units)
- 1” to 35” - Market Size Forecast 2020-2030, (Thousand Units)
- 1” to 47” - Market Size Forecast 2020-2030, (Thousand Units)
- Above 47” - Market Size Forecast 2020-2030, (Thousand Units)
By Price Category
- Budget- Market Size Forecast 2020-2030, (Thousand Units)
- Economy- Market Size Forecast 2020-2030, (Thousand Units)
- Premium- Market Size Forecast 2020-2030, (Thousand Units)
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
Frequently Asked Questions (FAQs)
- What is the expected CAGR of the Global Tire Market during 2025-2030?
- Which region holds the largest market share in the Global Tire Market?
- Who are the leading players in the Global Tire Market?
- What are the key trends driving the Global Tire Market forward?
- What are the major challenges faced by new entrants in the market?
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Scope of the Report
- Provides an unbiased market forecast from 2025 to 2030
- Covers detailed company profiles and competitive analysis
- Includes segment-wise and region-wise market breakdown
- Offers insights into market drivers, challenges, and trends
- Equips stakeholders with data-backed strategic recommendations
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