Press release
Automotive Tire Market to Reach USD 212.0 Billion by 2035, Driven by EV Adoption and Sustainable Tire Innovations
Automotive Tire Market to Reach USD 212.0 Billion by 2035, Driven by EV Adoption and Sustainable Tire Innovations
This steady growth is fueled by rising vehicle production in emerging economies, surging demand for SUVs, and the rapid adoption of electric-vehicle (EV)-specific tires designed for efficiency, safety, and durability.
MarketGenics research highlights the tire industry's transition from a traditional replacement-driven market to a hub of sustainability, smart technologies, and airless design innovations reshaping mobility worldwide.
Get the Detailed Industry Analysis (including the Table of Contents, List of Figures, and List of Tables) - from the Automotive Tire Market Research Report: https://marketgenics.co/press-releases/automotive-tire-market-56916
Recent Developments Shaping the Market
Goodyear Launches Smart Line Tires for Road Safety
In January 2025, Goodyear introduced Smart Line Tires with road condition detection technology, enhancing automatic emergency braking and boosting driver safety in adverse weather.
Michelin Debuts 58% Sustainable Bus Tire
In January 2024, Michelin unveiled a bus tire made with 58% sustainable materials, marking progress toward its 2050 goal of 100% eco-friendly tire production.
Bridgestone Advances Airless Tire Technology
Bridgestone is accelerating efforts to bring airless tires to market by 2025. These designs eliminate the risk of flats, improve vehicle safety, and align with sustainability goals by reducing waste and extending tire life.
Automotive Tire Market Forecast 2035
The industry is expected to create an incremental opportunity worth USD 59.5 billion between 2025 and 2035.
Asia-Pacific will remain the most attractive region, supported by strong automotive production hubs such as India, Japan, China, and Southeast Asia, accounting for 56% of global output.
North America and Europe will see steady growth as EV adoption and sustainability regulations accelerate demand for green tires and smart tire technologies.
Emerging markets in Latin America and Africa are expected to witness rising OEM and replacement tire demand as vehicle ownership increases.
To know more about the Automotive Tire Market - Download our Sample Report: https://marketgenics.co/download-report-sample/automotive-tire-market-56916
Key Drivers, Challenges, and Opportunities
Driver - Rising Vehicle Manufacturing in Developing Economies
Emerging economies like India and Brazil are fueling demand through rapid vehicle production growth. In India alone, vehicle production crossed several million units in 2024, directly boosting OEM and replacement tire requirements. Expanding e-commerce and logistics are further increasing demand for commercial truck and trailer tires.
Restraint - Raw Material Price Volatility
The tire industry faces challenges from fluctuating costs of natural rubber, synthetic rubber, and carbon black, which constitute a large share of production expenses. Price shocks disrupt profit margins and hit smaller producers hardest, limiting competitiveness.
Opportunity - Green and Sustainable Tire Technologies
Strict emission regulations in Europe and the U.S. are compelling manufacturers to develop eco-friendly tires using bio-oils such as soybean and orange oil as substitutes for petroleum derivatives. Consumer demand for green mobility solutions is accelerating this shift.
Key Trend - Smart, Scalable, and Subscription-Driven Tires
The industry is moving beyond manufacturing into service-based models. Tire-as-a-Service (TaaS) offerings, which include subscription-based maintenance and replacement, are gaining traction. Meanwhile, EV-specific tire innovations - such as Bridgestone's ENLITEN technology and Michelin's Energy Saver line - improve energy efficiency, reduce rolling resistance, and enhance range.
Airless tire development and smart tires with integrated sensors for real-time monitoring are emerging as defining technologies for the next decade.
Buy Now: https://marketgenics.co/buy/automotive-tire-market-56916
Segmental Insights
Sport Utility Vehicles (SUVs): Dominating with ~25% of global market share in 2024, SUVs continue to lead due to their versatility, adaptability, and global popularity. EV-based SUV tires, such as Yokohama's fitment on Lexus LBX models, highlight the segment's evolution toward sustainability.
Electric Two-Wheelers and Compact Mobility Vehicles: Narrow EVs - scooters, bicycles, and compact utility vehicles - are gaining traction for urban mobility and last-mile delivery solutions.
Commercial Vehicles: Rising trailer and truck sales are driving demand for cost-saving, fuel-efficient tires that extend lifespan and reduce downtime.
Regional Highlights
Asia-Pacific: The fastest-growing and most dominant region, with major investments from Bridgestone, Yokohama, and Hankook expanding production capacities. India is emerging as a premium market, with Bridgestone investing $85 million in its mid-to-long-term strategy centered on sustainability.
North America: Mature replacement market, increasingly shaped by EV adoption and demand for low-rolling-resistance tires.
Europe: Growth propelled by stringent environmental regulations, green tire development, and rapid OEM transitions to hybrid and electric models.
Middle East, Africa, and South America: Rising automotive ownership, commercial vehicle demand, and cost-focused tire adoption underpin long-term opportunities.
Competitive Landscape
The global automotive tire market is moderately consolidated, with the top five players controlling over 45% of share in 2024.
Tier 1 Leaders:
Bridgestone Corporation
Michelin
Goodyear Tire & Rubber Company
Continental AG
Pirelli & C. S.p.A.
Strategic Differentiation:
Michelin: Sustainability leader with eco-material innovations
Bridgestone: Airless tire pioneer and premium segment expansion
Goodyear: Smart tire technologies enhancing safety
Continental: Advanced EV-focused tire designs
Pirelli: Strong positioning in luxury and performance tires
Get a preview of our Automotive Tire Market Playbook - your guide to GTM strategy, competitive intelligence, supplier dynamics, and Consumer Behavior Analysis: https://marketgenics.co/playbook/automotive-tire-market-56916
Future Outlook
By 2035, the automotive tire market will evolve into a smarter, greener, and service-driven ecosystem. Key growth areas will include:
EV-specific tires optimized for energy efficiency and heavier loads
Airless tire commercialization reducing waste and improving safety
Smart sensor-based tires for predictive maintenance and real-time monitoring
Subscription-based TaaS models for fleets and individual consumers
The industry's transformation positions tires not just as supporting components, but as strategic enablers of safety, sustainability, and performance in the future of global mobility.
Prominent Companies Operating in the Global Automotive Tire Market:
Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Continental AG, Pirelli & C. S.p.A., Yokohama, Hankook, and other key players.
About Us
MarketGenics is a global market research and management consulting company empowering decision makers across healthcare, technology, and policy domains. Our mission is to deliver granular market intelligence combined with strategic foresight to accelerate sustainable growth.
We support clients across strategy development, product innovation, healthcare infrastructure, and digital transformation.
Contact:
Mr. Debashish Roy
MarketGenics India Pvt. Ltd.
800 N King Street, Suite 304 #4208, Wilmington, DE 19801, United States
USA: +1 (302) 303-2617
Email: sales@marketgenics.co
Website: https://marketgenics.co
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Tire Market to Reach USD 212.0 Billion by 2035, Driven by EV Adoption and Sustainable Tire Innovations here
News-ID: 4207127 • Views: …
More Releases from MarketGenics India Pvt. Ltd.
Autonomous Ships Market to Reach USD 10.8 Billion by 2035, Driven by AI Navigati …
The global Autonomous Ships Market is projected to grow from USD 4.5 billion in 2025 to USD 10.8 billion by 2035, expanding at a CAGR of 8.2% during the forecast period.
This steady growth is propelled by rapid adoption of AI-driven navigation and collision-avoidance systems, rising demand for fuel-efficient and low-emission vessel designs, and growing defense and commercial interest in unmanned and remotely operated surface vessels.
MarketGenics positions autonomous ships as…
E-commerce Logistics Market to Reach USD 1,899.4 Billion by 2035, Driven by Auto …
The global E-commerce Logistics Market is projected to grow from USD 331.4 billion in 2025 to USD 1,899.4 billion by 2035, expanding at a CAGR of 17.2% during the forecast period.
Growth is fueled by surging online retail volumes, innovations in last-mile delivery, and rising adoption of AI-powered logistics platforms that enhance speed, reduce costs, and improve customer experience.
MarketGenics notes that e-commerce logistics has become the backbone of global digital…
Electric Two-Wheelers Market to Reach USD 26.9 Billion by 2035, Driven by Lithiu …
The global Electric Two-Wheelers Market is projected to grow from USD 4.6 billion in 2025 to USD 26.9 billion by 2035, expanding at a CAGR of 17.6% during the forecast period.
This rapid growth is fueled by the dominance of lithium-ion batteries, government subsidies and tax incentives, and the increasing adoption of connected, eco-friendly scooters and motorcycles for sustainable urban transport.
MarketGenics highlights the electric two-wheelers sector as a critical enabler…
Enterprise Mobility Market to Reach Between USD 233.9 Billion by 2035, Fueled by …
The global enterprise mobility market is experiencing robust growth, with its estimated value of USD 30.1 billion in the year 2024 and USD 233.9 billion by the period 2035, registering a CAGR of 20.5%. North America leads the market with a share of 43.5% with USD 13.1 billion revenue.
The need to manage a remote workforce securely, the dissemination of mobile devices, and the digital transformation of the industries are…
More Releases for Tire
Tire Derived Fuel Market to See Booming Growth | Reliable Tire Disposal, Liberty …
Latest released the research study on Global Tire Derived Fuel Market, offers a detailed overview of the factors influencing the global business scope. Tire Derived Fuel Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Tire Derived Fuel The study covers emerging player's…
Airplane Tire Market to See Huge Growth by 2027 | Qingdao Sentury Tire, Goodyear …
The latest study released on the Global Airplane Tire Market by AMA Research evaluates market size, trend, and forecast to 2027. The Airplane Tire market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi …
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions.
Tire recycling, or rubber recycling, is the process of…
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 – 2025 | …
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and…
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole …
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Tire derived Fuel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.…
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty …
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derived…
