Report ID: SQMIG25A2459
Report ID:
SQMIG25A2459 |
Region:
Global |
Published Date: June, 2025
Pages:
197
|Tables:
59
|Figures:
75
Global Automotive Tire Market size was valued at USD 151.08 Billion in 2024 and is poised to grow from USD 166.82 Billion in 2025 to USD 368.67 Billion by 2033, growing at a CAGR of 10.42% in the forecast period (2026–2033).
Bridgestone Corporation, Michelin Group, Goodyear Tire & Rubber Company, Continental AG, Pirelli & C. S.p.A., Hankook Tire & Technology, Yokohama Rubber Company, Sumitomo Rubber Industries, Apollo Tyres Ltd., Cooper Tire & Rubber Company, Kumho Tire Co., Ltd., Toyo Tire Corporation, CEAT Limited, MRF Limited, Giti Tire
The key driver of the automotive tire market is the increasing global demand for vehicles, including passenger cars, commercial vehicles, and electric vehicles, which drives the need for high-performance, durable, and fuel-efficient tires.
A key market trend in the automotive tire market is the growing adoption of smart and sustainable tires, including energy-efficient, eco-friendly, and sensor-equipped tires that enhance safety, performance monitoring, and vehicle efficiency.
Asia-Pacific accounted for the largest share in the automotive tire market, driven by rapid vehicle production, high demand for passenger and commercial vehicles, growing automotive manufacturing hubs, and increasing consumer preference for quality and durable tires.
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Report ID: SQMIG25A2459