Press release
Global Market Momentum: APAC, Europe, USA, and Saudi Arabia Drive Next Wave of Industry Growth and Innovation
Automotive Tire Market
Supported by rising vehicle production, expanding ownership in emerging markets, and increasing replacement demand, the market is expected to grow by 1.84X over the next decade. Key regions including Asia-Pacific (India, China, Japan), Europe (Germany, the UK, France), the United States, and Saudi Arabia are poised to drive this next phase of tire market expansion.
Get access to comprehensive data tables and detailed market insights - request your sample report today!
https://www.futuremarketinsights.com/reports/sample/rep-gb-2686
Market Growth Overview
Between 2025 and 2030, the market is expected to rise from USD 256.1 billion to USD 346.8 billion, adding USD 90.7 billion in value - 42.1% of the total decade-long expansion. Growth during this phase will be fueled by rising electric vehicle adoption, premium tire demand, and expanding aftermarket sales in fast-growing markets such as India and Southeast Asia.
From 2030 to 2035, the industry will add another USD 124.9 billion, reaching USD 471.8 billion, as smart tire technologies, sustainable manufacturing, and recycled materials become mainstream.
Key Market Highlights (2025-2035)
Market Value (2025): USD 256.1 billion
Forecast Value (2035): USD 471.8 billion
CAGR (2025-2035): 6.3%
Leading Vehicle Segment: Passenger Vehicles (48.0%)
Leading Tire Structure: Radial Tires (62.0%)
Top Growth Regions: United Kingdom, Germany, and India
Major Players: Bridgestone, Michelin, Continental, Goodyear, Pirelli, Hankook, and Yokohama
Asia-Pacific continues to lead the global tire landscape, driven by rising vehicle production and massive replacement demand.
India is recording a 6.9% CAGR, supported by rapid automotive industrialization, a growing middle class, and improved road infrastructure.
China, despite maturity, maintains a 6.8% CAGR due to its dominance in EV sales, robust domestic tire manufacturing, and an installed base exceeding 300 million vehicles.
Japan, home to global tire giants such as Bridgestone and Yokohama, sustains a 6.0% CAGR with strong emphasis on innovation and exports.
Europe (Germany, UK, France) - Innovation and Sustainability at Core
Europe's tire market is set to grow from USD 76.8 billion in 2025 to USD 136.4 billion by 2035, at a CAGR of 5.9%.
Germany dominates with 32.4% share, benefiting from its automotive leadership and focus on premium and ultra-performance tires.
The UK follows with 16.8% share, boosted by its aggressive EV transition policies targeting 80% EV sales by 2030.
France leverages its strong automotive base and Michelin's sustainability leadership, maintaining robust replacement tire demand.
United States - Replacement and Light Truck Segment Drive Growth
The U.S. tire market grows at a 5.4% CAGR, driven by one of the largest vehicle fleets globally (over 280 million).
The replacement segment represents 75-80% of total sales, supported by high vehicle mileage and a mature car parc.
Strong consumer preference for SUVs, crossovers, and light trucks continues to elevate demand for premium all-terrain and all-season tires.
The rise of online tire retail and EV-specific tire models from brands like Goodyear and Continental adds momentum to growth.
Saudi Arabia and the Middle East - Infrastructure and Fleet Expansion
The Saudi Arabian tire market is witnessing rapid expansion due to fleet modernization, road network development, and growing tourism and logistics activity under Vision 2030.
The market benefits from rising passenger vehicle ownership, commercial fleet renewals, and imports of high-performance tires from Europe and Asia.
Increasing adoption of EVs and hybrid vehicles in premium segments is encouraging the import and local assembly of EV-specific tire models.
Segmental Insights
Passenger Vehicle Tires (48% share):
Passenger vehicles dominate global tire demand, particularly in developed and emerging economies. Replacement cycles every 3-5 years ensure recurring sales.
The shift toward SUVs and crossovers also supports high-value tire demand.
Radial Tire Structure (62% share):
Radial tires lead due to fuel efficiency, heat resistance, and longer tread life. Innovations in noise-reduction, run-flat, and self-sealing technologies are redefining performance standards.
Replacement Tire Segment (70-75% of demand):
As global vehicle fleets age, replacement remains the most stable revenue stream. The global vehicle parc exceeding 1.4 billion units guarantees consistent demand.
Purchase Full Report for Detailed Insights
For access to full forecasts, regional breakouts, company share analysis, and emerging trend assessments, you can purchase the complete report here:
Buy Full Report -Automotive Tire Market
https://www.futuremarketinsights.com/checkout/2686
Market Drivers and Key Trends
EV Transformation: Specialized EV tires designed for low rolling resistance, instant torque management, and enhanced load-bearing capacity are becoming industry staples.
Sustainability Commitment: Major manufacturers, including Michelin, Bridgestone, and Continental, have pledged carbon neutrality by 2050, emphasizing renewable materials and recyclable compounds.
Digitalization and E-commerce: Direct-to-consumer models and online tire retailing are disrupting traditional channels, particularly in the U.S., UK, and Japan.
Smart Tire Technologies: Integration of sensors for real-time pressure and temperature monitoring enables predictive maintenance, enhancing safety and longevity.
Competitive Landscape
The industry remains highly consolidated, with top-tier players controlling over 60% of global revenue. Key players include:
Bridgestone Corporation (Japan) - Market leader with strong OEM presence and R&D investment.
Michelin (France) - Pioneer in sustainability and airless tire technology.
Continental AG (Germany) - Leader in smart and connected tire systems.
Goodyear Tire & Rubber Company (U.S.) - Innovator in EV tire performance and AI-driven diagnostics.
Pirelli & C. S.p.A. (Italy) - Focused on ultra-high-performance tire markets.
Other notable players include Sumitomo Rubber Industries, Hankook Tire, Yokohama, Apollo Tyres, and Linglong Tire, each expanding capacity in APAC and Europe to meet global OEM and replacement demands.
Conclusion
The global automotive tire market is entering a transformative decade shaped by electrification, digitalization, and sustainability.
While Asia-Pacific drives volume growth, Europe leads innovation and environmental standards, the U.S. strengthens its replacement and premium tire segment, and Saudi Arabia emerges as a high-potential hub for mobility infrastructure development.
As smart tire technologies, eco-friendly materials, and EV-specific designs redefine performance standards, global leaders are racing to capture new opportunities in an increasingly connected and sustainable mobility landscape.
Have a specific Requirements and Need Assistant on Report Pricing or Limited Budget please contact us - sales@futuremarketinsights.com
Why Choose FMI: Empowering Decisions that Drive Real-World Outcomes: https://www.futuremarketinsights.com/why-fmi
Similar Industry Reports
Automotive Tire Accessories Market
https://www.futuremarketinsights.com/reports/automotive-tire-accessories-market
Automotive Tire Inflator Market
https://www.futuremarketinsights.com/reports/automotive-tire-inflator-market
Automotive Tire Chains Market
https://www.futuremarketinsights.com/reports/automotive-tire-chains-market
Automotive Green Tires Market
https://www.futuremarketinsights.com/reports/automotive-green-tires-market
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.
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 Global Market Momentum: APAC, Europe, USA, and Saudi Arabia Drive Next Wave of Industry Growth and Innovation here
News-ID: 4257701 • Views: …
More Releases from Future Market Insights
Global Automotive Glass Market Accelerates Toward USD 36.6 Billion by 2035, Led …
The global automotive glass market is poised for a significant transformation, projected to grow from USD 21.0 billion in 2025 to USD 36.6 billion by 2035, recording an absolute increase of USD 15.5 billion over the decade. According to the latest insights from Future Market Insights, the market is set to expand at a CAGR of 5.7%, supported by rapid electric vehicle (EV) adoption, evolving safety regulations, and integration of…
Global Comfort Revolution: Auto Ventilated Seats Market Accelerates Across APAC, …
The global auto ventilated seats market is set for a major leap, driven by growing demand for luxury, comfort, and sustainability in modern vehicles. According to the latest industry assessment, the market is projected to expand from USD 9,984.5 million in 2025 to USD 21,555.8 million by 2035, growing at a CAGR of 8.0% over the forecast period.
Auto ventilated seats-integrated with advanced air channels and fans that regulate temperature and…
Global Automotive Axle and Propeller Shaft Market to Surpass USD 46.8 Billion by …
The global automotive axle and propeller shaft market is projected to expand from USD 32.6 billion in 2025 to USD 46.8 billion by 2035, growing at a CAGR of 3.7%, according to a new industry analysis. This steady growth is fueled by the rising adoption of electric drivetrains, lightweight materials, and advanced axle architectures designed for both passenger and commercial vehicles.
Electric Mobility and Lightweight Engineering Redefine Driveline Dynamics
The automotive drivetrain…
APAC, Europe, USA, and Saudi Arabia Drive Strong Growth in the Global Non-GMO Yo …
The global Automotive Battery Management System (BMS) Market is witnessing exponential growth, propelled by the surging adoption of electric vehicles (EVs), advancements in battery technologies, and the rising demand for sustainable mobility solutions. The market, valued at USD 6,511.6 million in 2025, is projected to reach USD 33,793.1 million by 2035, expanding at a robust CAGR of 17.9% over the forecast period.
The Automotive BMS has become a cornerstone technology in…
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…
