According to MarkNtel Advisors study The Global Tire Market size was valued at around USD 264.68 billion in 2024 and is projected to reach USD 394.55 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.88% during the forecast period, i.e., 2025-30. With the emergence of more efficient vehicles and a smoother infrastructure, the market is experiencing rapid growth & changes. The rise in vehicle production in developing countries & increased competition among tire manufacturers are the prime aspects projected to drive the market in the forecast years.

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Tire (Tyre) Market Segmentation Analysis:

The Tire (Tyre) Analysis, 2025-2030 report provides in-depth insights into the industry’s expansion across different segments as cited below in order to aid stakeholders in gaining information associated with the changing operational interface after contemplating the governing policies, regulations, & other external factors influencing the industry.

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)

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Regional/Country-Level Landscape of the Tire (Tyre):

This section of the research report cites various factors that determine the revenue & volume growth of the Tire (Tyre) during 2025-30 across different geographic locations, which shall help readers comprehend the worth of investing in a particular country or a region.

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

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Tire (Tyre) Market Competitive Overview

The competitive analysis is another prominent section of the report intended to help stakeholders devise approaches before investing in the Tire (Tyre). Our analysts have undergone rigorous examination and put together all effective strategies used by the prominent players in the industry as mentioned below to boost their brand value and expand product portfolio, customer base, & visibility across different regions/countries. The stakeholders can also attain insights into the recent developments, product/service launches, and mergers & acquisitions, among other dynamics, to consolidate profits.

• 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
•  

Reasons to Buy Tire (Tyre) Report

• Delivers unbiased & accurate data on the changing dynamics of the Tire (Tyre), enabling stakeholders to develop business strategies & make investments after going through the factors impacting the growth trajectory of the industry.
• Cites key elements backing the potential growth of the market in the forecast years while understanding the competitive scenario for strategic investments, product launches, mergers & acquisitions, and others.
• Attain better knowledge to manage and organize business after examining the opportunities & challenges associated with sales & marketing in the industry.
• Utilize the accurate & detail-driven analysis of the prominent players and their dominance in the market, helping the stakeholders to devise their strategies accordingly & get ahead of the competitors.

Customization Services

We also offer customization on the "Tire (Tyre) Analysis, 2025" report that exhibits a comprehensive industry analysis to provide readers with specific in-depth market insights and help them succeed in today’s rapidly changing industry scenarios.

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About us:

MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.

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