The global automotive tire market size was estimated at USD 401.8 million in 2024 and is projected to reach USD 620.3 million by 2030, growing at a CAGR of 6.3% from 2025 to 2030. This growth is primarily attributed to the steady increase in global vehicle production and sales, coupled with rising demand for retreaded tires across commercial and fleet segments. As the number of vehicles on the road continues to expand, the demand for both original equipment manufacturer (OEM) tires and replacement tires rises accordingly. Replacement demand remains particularly strong as vehicle parc ages and maintenance cycles become more frequent. Retreaded tires, which offer significant cost savings and environmental benefits, are further supporting market growth by providing an economical and sustainable alternative, especially for heavy-duty commercial vehicles and fleet operators. Together, the growing need for new tires and the expanding adoption of retreaded solutions are driving continuous market expansion, highlighting the critical role of both segments in supporting the evolving requirements of the global automotive industry.

In addition, the increasing adoption of smart technologies and the rapid rise of electric vehicles (EVs) are expected to significantly drive the automotive tire market. Smart tires embedded with sensors that monitor tire pressure, temperature, tread wear, and road conditions in real time are gaining traction due to their ability to enhance vehicle safety, improve performance, and reduce maintenance costs. These advanced features are particularly attractive to fleet operators and manufacturers focused on predictive maintenance and connected vehicle ecosystems. Simultaneously, the expanding EV market is creating strong demand for specialized tires designed to accommodate the unique characteristics of electric vehicles, including higher torque output, greater vehicle weight due to battery packs, and the need for low rolling resistance to extend driving range. As a result, tire manufacturers are increasingly investing in research and development to introduce innovative products tailored for smart mobility and electric vehicle applications, thereby broadening the scope of the market.

Key Market Trends & Insights:

• Asia Pacific dominated the automotive tire industry in 2024, driven by rapid industrialization, high levels of vehicle production, and strong consumer demand in major economies such as China, India, and Japan. The presence of large automotive manufacturing hubs, expanding middle-class populations, and increasing vehicle ownership have contributed significantly to the region’s market leadership.
• North America is expected to witness the fastest growth rate over the forecast period, supported by a robust automotive sector, rising demand for both passenger and commercial vehicles, and growing consumer preference for high-performance and technologically advanced tires. Additionally, increasing adoption of electric vehicles and smart mobility solutions in the region is further accelerating market growth.
• Based on type, the radial tire segment captured a noteworthy share in 2024 due to its superior performance characteristics, including better fuel efficiency, enhanced ride comfort, and longer tread life. Meanwhile, the bias tire segment is projected to grow significantly from 2025 to 2030, driven by its cost-effectiveness and strong durability, particularly in off-road and heavy-load applications.
• Based on application, the passenger car segment accounted for a notable share of the market in 2024, reflecting the large global passenger vehicle population. In contrast, the light commercial vehicle (LCV) segment is expected to register a substantial CAGR over the forecast period. The rapid expansion of e-commerce and logistics industries has increased demand for delivery vans and small trucks, thereby driving tire demand in this segment.
• Based on season type, the all-season tire segment held a significant share in 2024, owing to its versatility and ability to deliver reliable performance throughout the year. The summer tire segment is expected to witness a significant CAGR over the forecast period, supported by growing consumer preference for enhanced handling, improved fuel efficiency, and superior performance in warmer climatic conditions.
• Based on rim size, the 15 to 20-inch segment maintained a strong market position in 2024 due to its widespread use in passenger vehicles, particularly in mid-range and premium car models. Additionally, the more than 20-inch tire segment is projected to secure a significant share of the automotive tire market, driven by increasing demand for luxury vehicles, SUVs, and performance-oriented models.

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Market Size & Forecast:

• 2024 Market Size: USD 401.8 Million
• 2030 Projected Market Size: USD 620.3 Million
• CAGR (2025-2030): 6.3%
• Asia Pacific: Largest market in 2024
• North America: Fastest growing market

Key Companies & Market Share Insights:

The automotive tire market is moderately consolidated, with several global players holding significant market shares through extensive product portfolios and strong distribution networks. Key companies operating in the market include Continental Group, Cooper & Rubber Company, Hankook Co. Ltd., Goodyear Tire & Rubber Company, Michelin Group, Pirelli, Sumitomo Rubber Industries Ltd., The Bridgestone Group, Toyo Tire Corporation, and Yokohama Rubber Co. Ltd., among others.

• Continental Group offers a broad range of products and solutions, including premium tires for passenger cars, trucks, and motorcycles, along with advanced automotive technologies related to safety, autonomous driving, and vehicle connectivity. The company’s strong focus on innovation and integrated mobility solutions reinforces its competitive position in the global automotive tire market.
• Cooper & Rubber Company, now operating as part of Goodyear, provides a comprehensive portfolio of replacement tires for passenger and commercial vehicles. The brand is widely recognized for delivering reliable quality, durability, and performance, contributing to its continued presence and competitiveness in the global replacement tire segment.

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Conclusion:

In conclusion, the automotive tire market is set to experience steady growth, driven by rising vehicle production, expanding replacement demand, and increasing adoption of retreaded tires. Technological advancements such as smart tire solutions and the growing penetration of electric vehicles are reshaping product innovation and driving demand for specialized tire offerings. Asia Pacific remains the dominant region due to strong manufacturing activity, while North America is expected to witness the fastest growth supported by high-performance tire demand. Expanding e-commerce and logistics activities are further boosting demand across passenger and light commercial vehicle segments. Overall, the market outlook remains positive as manufacturers continue to innovate to meet evolving mobility, performance, and sustainability requirements.