Learn about the global automotive tire market through The Business Research Company, which provides information on automotive tire market size, automotive tire market drivers and restraints, automotive tire market players, the COVID-19 impact on the automotive tire market, and more.

The global automotive tire market size is expected to grow from $118.1 billion in 2021 to $123.7 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The automotive tyre market size is expected to grow to $151.66 billion in 2026 at a CAGR of 5.2%.

Increasing production of vehicles and the growing popularity of electric cars and pickup trucks and similar light commercial vehicles propels the market growth of the automotive tire market.

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The automotive tire market consists of sales of automotive tires by entities (organizations, sole proprietors, partnerships) that are used in automobiles to support the weight of the vehicle, absorb road shocks, transmit traction, torque, and braking forces to the road surface and maintain and change the direction of travel. Tires are mounted on rims and pressurized air is pumped into them.

Global automotive tire market segments include:

By Rim Size: Less Than 15 Inches, 15 to 20 Inches, More Than 20 Inches

By Vehicle Type: Passenger Vehicle, Commercial Vehicle, Electric Vehicle

By Manufacturing: Radial Tire, Bias Tire

By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket

By Season Type: Summer, Winter, All Seasons

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the automotive tires market in 2021.

Automotive tire companies are focusing on developing airless tires for passenger and commercial vehicles. The zero-pressure tires ensure zero downtime and no loss of productivity for commercial vehicles and ensure greater auto safety and performance.

TBRC’s automotive tire market report covers:

Major Market Players: Bridgestone Corporation, The Goodyear Tire and Rubber Company, Continental AG, Michelin, Sumitomo Rubber Industries, Hankook and Company Co. Ltd., Pirelli, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd. S.p.A, Toyo Tire Corporation, MRF Limited, JK Tyre and Industries Ltd., CEAT Limited, Nokian Tyres PLC, Sailun Group Co. Ltd., Salsons Impex Pvt. Ltd, Shandong Linglong Group Co. Ltd., Kumho Tire, Giti Tire, Maxxis International, Nexen Tire Corporation, Cooper Tire and Rubber Company, and Cheng Shin Rubber Industry Co.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Tire Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive tire market overviews, analyzes and forecasts market size, share, automotive tire market players, automotive tire market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive tire market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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