Market Overview

The Brazil tire market reached a valuation of USD 3.3 Billion in 2025 and is expected to grow to USD 4.7 Billion by 2034. The market is projected to expand at a CAGR of 4.18% during the forecast period from 2026 to 2034. This growth is propelled by factors such as increasing vehicle production, higher demand for replacement tires, and the rise of electric and commercial vehicles. Technological advancements including eco-friendly and fuel-efficient tire designs are also contributing to the positive market trajectory.

Study Assumption Years

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Brazil Tire Market Key Takeaways

• The Brazil tire market was valued at USD 3.3 Billion in 2025.
• The forecast market size is USD 4.7 Billion by 2034.
• The market CAGR from 2026 to 2034 is projected at 4.18%.
• Growth is driven by increased vehicle production and demand for replacement tires.
• Expansion of electric vehicle and commercial vehicle segments supports market growth.
• Advancements in tire technology, such as eco-friendliness and fuel efficiency, contribute positively.

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Market Growth Factors

The Brazil tire market growth is mainly driven by the steady increase in vehicle production. In July 2024, vehicle manufacturing in Brazil rose by 16.9% from June, reaching 246,721 units, the highest since October 2019. Compared to July 2023, production improved by 34.8%, demonstrating a robust automotive industry expansion which in turn boosts both original equipment (OE) and replacement tire demand.

The rising demand for radial tires is a significant trend due to their superior fuel efficiency and durability. Radial tires reduce rolling resistance, beneficial in Brazil where fluctuating fuel prices make fuel savings a priority. Their ability to dissipate heat and reduce wear extends tire life, cutting replacement costs. For example, the CEAT Specialty division partnered with CNH Industrial to supply radial tires for tractors, emphasizing their reliability and productivity benefits.

The growing popularity of electric vehicles (EVs) and the expansion of commercial vehicle segments also propel the market. EVs require specialized tires to manage extra weight and torque, creating a niche market segment. Meanwhile, the surge in e-commerce and logistics has increased demand for durable tires for commercial trucks and buses. This growth trend benefits the off-the-road tire market as well. Manufacturers are adapting products and services to support these vehicle types effectively.

Market Segmentation

Design Insights:

• Radial Market: Radial tires dominate due to fuel efficiency and long lifespan, favored by consumers and commercial users alike.
• Bias Market: Present but less dominant than radial tires in Brazil’s expanding automotive market.

End Use Insights:

• OEM Market: Tire demand from vehicle manufacturers for new vehicles.
• Replacement Market: High demand driven by wear and tear; includes both passenger and commercial vehicles.

Vehicle Type Insights:

• Passenger Cars
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Two Wheelers
• Three Wheelers
• Off-The-Road (OTR): Includes agricultural and mining machinery tires.

Distribution Channel Insights:

• Offline: Traditional retail and dealership sales channels.
• Online: Growing segment, offering convenience and range.

Season Insights:

• All Season Tires: Cover a broad market need.
• Winter Tires: Cater to colder season requirements.
• Summer Tires: Used in warmer conditions, less prevalent due to Brazil’s climate.

Regional Insights

The Brazil tire market is segmented into key regions: Southeast, South, Northeast, North, and Central West. The report outlines comprehensive analysis but does not specify explicit market share or CAGR by region to designate a dominant region strictly by numbers. However, the overall market growth is supported by all major regions, driven by Brazil’s expanding automotive industry and infrastructure improvements nationwide.

Recent Developments & News

• In August 2025, Brazil renewed anti-dumping duties on certain Chinese passenger car tires for up to five more years, protecting the local tire industry.
• In April 2025, Linglong Tire announced a USD 1.19 Billion investment in a new manufacturing plant in Brazil via a joint venture with SUNSET S.A.
• In July 2024, Trelleborg Tires partnered with John Deere to distribute tires through more than 300 dealerships in Brazil, targeting small to medium farmers.
• Also in July 2024, SpeedMax launched the Energrip tire line designed specifically for electric vehicles, targeting BYD vehicles in Brazil.

Key Players

• CEAT Specialty
• CNH Industrial
• Linglong Tire
• SUNSET S.A.
• Trelleborg Tires
• John Deere
• SpeedMax

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