Global Tire Market - Ken Research Stated the Sector Valued at ~USD 200 billion with Strong Growth Potential

Comprehensive market analysis maps strong growth trajectory, technology-driven opportunities, and strategic imperatives for global tire manufacturers and investors.

Delhi, India - October 29, 2025 - Ken Research released its strategic market analysis titled "Global Tire Market Outlook to 2030," revealing that the current market size is valued at USD 200 billion, based on a five-year historical analysis. The detailed study outlines how the market is poised to expand steadily, driven by increasing vehicle production across emerging economies, rising demand for replacement tires, advancements in tire technology such as smart and sustainable materials, and expanding aftermarket networks supporting passenger and commercial vehicle segments globally.

The 120+ page report provides decision-makers with critical intelligence on market dynamics, competitive positioning, and investment opportunities across the global tire ecosystem. With increasing replacement demand and rapid technological innovation, the analysis identifies a strategic inflection point for manufacturers, suppliers, and investors seeking sustainable growth.

"Global tire demand is transitioning toward smarter, more efficient, and eco-friendly designs," said Namit Goel, Research Director at Ken Research. "Companies investing in digital tire technologies and sustainable manufacturing will capture the next decade's highest-value growth opportunities."

Download the free sample report:

https://www.kenresearch.com/sample-report/global-tire-market-research?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

Key Market Dynamics Reshaping the Global Tire Landscape

The report identifies four key growth drivers that will define market development:

Surge in Vehicle Production and Replacement Demand

The tire industry continues to benefit from steady global vehicle production and the expanding automotive aftermarket. With over 1.4 billion vehicles in operation worldwide, replacement tires represent nearly 70% of total demand, ensuring recurring revenue streams for manufacturers.

Rapid Technological Innovation and EV Tire Evolution

The transition to electric vehicles is driving tire design innovation. EV tires require enhanced load-bearing capacity, lower rolling resistance, and noise reduction features. Manufacturers like Michelin, Bridgestone, and Goodyear are investing heavily in EV-specific tire lines to meet these evolving needs.

Regional Growth Led by Asia-Pacific

Asia-Pacific dominates global tire production and consumption, accounting for nearly 60% of market share in 2024. Countries such as China, India, and Indonesia are key manufacturing hubs due to cost efficiencies, expanding vehicle ownership, and the strong OEM base supporting local and export demand.

Sustainability and Material Innovation

Growing emphasis on eco-friendly materials, bio-rubber, and circular recycling is redefining industry standards. Global tire manufacturers are increasingly adopting sustainable sourcing and production practices to align with net-zero carbon goals and regulatory mandates.

Critical Strategic Questions Addressed

For executives navigating this evolving landscape, the report addresses four pivotal questions:

Get the complete report here:

https://www.kenresearch.com/industry-reports/global-tire-market-research?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

Market Entry Timing

With the global tire market expanding at a CAGR of nearly 5%, the report highlights optimal entry points in both OEM and replacement segments. While mature markets like North America and Europe offer stable replacement demand, emerging regions provide rapid expansion opportunities supported by industrial and fleet growth.

Regulatory Navigation

The mandate provides detailed mapping of regional safety standards, labeling regulations, and sustainability policies impacting tire design and trade. It enables firms to anticipate regulatory shifts-such as EU tire labeling reforms and carbon reduction targets-that shape manufacturing and distribution strategies.

Competitive Positioning

The analysis benchmarks 20+ global and regional players, revealing market share distribution, pricing strategies, capacity expansion plans, and technological partnerships. This competitive intelligence helps stakeholders identify defensible positions as competition intensifies across EV, off-road, and specialty tire categories.

Investment Prioritization

White-space analysis across sustainable tire materials, advanced sensor integration, and regional manufacturing localization guides capital allocation decisions. The report identifies high-growth opportunities in segments such as smart tires, retreading, and performance tires for commercial and passenger vehicles.

Critical Infrastructure and Policy Developments

The report highlights several major infrastructure and policy factors influencing future tire demand:

Book a discovery call with our experts:

https://www.kenresearch.com/book-a-discovery-call?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

Global Manufacturing Expansion Initiatives

Manufacturers are diversifying production facilities across Asia-Pacific and Eastern Europe to reduce logistic risks and align with trade-friendly zones. The report maps over 150 major tire plants and highlights investment clusters driving global capacity expansion.

Technological Integration in Tire Design

Advancements in RFID chips, pressure sensors, and AI-enabled monitoring systems are transforming tire performance tracking. The report identifies ongoing collaborations between tire makers and automotive OEMs to integrate digital tire data into fleet management systems.

Evolving Trade and Tariff Policies

The study analyzes changes in tariff regimes, import/export duties, and trade barriers affecting tire distribution across North America, Europe, and Asia. Understanding these policy shifts helps stakeholders mitigate cost volatility and optimize supply chain strategies.

Sustainability and Carbon Reduction Mandates

Environmental policies in Europe, Japan, and the United States are accelerating the adoption of low-emission and retreadable tires. The analysis provides a policy roadmap illustrating how global tire makers are aligning their R&D with upcoming environmental standards.

Strategic Value for Decision-Makers

"What distinguishes this analysis is its focus on actionable intelligence," noted Mr. Harsh Saxena, Principal at Ken Research. "Beyond market sizing, we've mapped sustainability trends, technology shifts, and regional production dynamics to equip executives with a complete strategic toolkit."

The 120+ page mandate delivers essential market intelligence for executives and investors, including:

Detailed segmentation analysis by tire type (radial, bias), vehicle category (passenger, commercial, two-wheeler), and distribution channel (OEM vs. replacement).

5-year and 10-year forecast models with revenue projections and CAGR tracking across segments from 2024-2030.

Competitive benchmarking of 20+ global and regional players with insights into pricing, expansion strategies, and innovation priorities.

White-space analysis in EV tires, sustainability solutions, retreading services, and digital tire technologies.

Regulatory and sustainability roadmap, highlighting evolving standards, labeling mandates, and trade policies across key markets.

As global mobility trends evolve, the tire market represents a vital pillar supporting electric mobility, logistics, and sustainability. This report delivers the intelligence required to align business strategies with long-term industry transformation.

Industry executives seeking access to the complete analysis can contact Ken Research directly or visit:

https://www.kenresearch.com/industry-reports/global-tire-market-research?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

Related Reports

https://www.kenresearch.com/industry-reports/north-america-tire-market?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

https://www.kenresearch.com/industry-reports/saudi-arabia-tire-market?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

https://www.kenresearch.com/industry-reports/usa-tire-market?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

https://www.kenresearch.com/industry-reports/indonesia-tire-market?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

Contact:
Ankur Gupta
ankur.gupta@kenresearch.com
+91 9015378249

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research delivers strategic market intelligence that drives confident decision-making for industry leaders. With specialized expertise in high-growth markets across emerging economies, the firm provides data-driven insights that translate into competitive advantage for global organizations and investors.

This release was published on openPR.