United States Tyres Market 2025 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities

Market Size and Growth

The Tyres Market is expected to grow at a High CAGR of during the forecast period 2024-2031

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Key Development:

Japan: Recent Tyre Industry Developments

United States: Recent Tyre Industry Developments

✅ In November 2025, Point S launched its first own‐branded truck tyre range, expanding from services into manufacturing for commercial vehicles.

✅ In November 2025, U.S. Tire Manufacturers Association (USTMA) forecast that total U.S. tyre shipments will hit about 340.4 million units in 2025, suggesting robust replacement‐tyre demand and stable market momentum.

✅ In October 2025, Bridgestone rolled out the "Potenza Sport Evo" ultra‐high‐performance tyre featuring its ENLITEN® technology targeting premium and performance vehicle segments.

✅ In August 2025, USTMA earlier predicted higher overall tyre shipments for the year, driven by increases in replacement tyre demand across passenger, light‐truck and truck tyre segments.

✅ In November 2025, Point S's global move (from Europe/US into new segments) signalled how global tyre networks are influencing demand and product strategies, pressuring Japanese manufacturers to accelerate innovation and capacity planning.

✅ In October 2025, Bridgestone Corporation held a groundbreaking ceremony at its Seki Plant in Gifu Prefecture to build a pilot chemical recycling facility aimed at reclaiming oil and carbon black from end‐of‐life tyres, supporting a circular‐economy approach.

✅ In 2025, Japanese makers are increasingly focusing on premium and EV‐ready tyres (high‐rim, high‐value segments), leveraging rising demand for mobility solutions underlining a strategic shift toward higher‐margin, future‐ready tyre products.

✅ In 2025, Japan's tyre sector led by firms like Yokohama and Bridgestone has emerged as the global leader, with combined brand‐value of about USD 11.1 billion, reflecting strong demand and premiumisation trends in domestic and export markets.

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Recent Mergers and acquisitions:

Recent Tyre‐Industry M&A / Acquisitions / Mergers

✅ In November 2025, JK Tyre & Industries Ltd secured approval from the National Company Law Tribunal (Jaipur Bench) for the merger with Cavendish Industries Ltd. meaning Cavendish's assets, liabilities and operations will be folded into JK Tyre under a 92:100 share‐swap arrangement.

✅ In September 2025, CEAT Ltd completed its acquisition of the off‐highway tyre and tracks business of Camso (previously part of Michelin Group), giving CEAT global rights to the Camso brand and adding manufacturing facilities in Sri Lanka substantially strengthening CEAT's global off‐highway tyre footprint.

✅ In April 2025, the European Commission approved the acquisition by Sumitomo Rubber Industries (SRI) of the four‐wheel‐tyre business of Dunlop Tyres from Goodyear Tire & Rubber Company transferring trademarks and brand control for Europe, North America and Oceania to SRI.

✅ In February 2025, SRI's acquisition of Dunlop's tyre business from Goodyear was officially completed (transaction announced Jan 2025), giving SRI control over Dunlop's tyre assets in key geographies a major consolidation in global tyre‐brand ownership.

Key Players:

=> Trelleborg Wheel Systems,Michelin, Apollo Tyres Ltd, Balkrishna Industries Limited, The Yokohama Rubber Company, Limited, Xuzhou Armour Rubber Company Ltd, Titan International, Bridgestone Corporation, HANKOOK TIRE & TECHNOLOGY CO., LTD., Nokian Tyres plc, Pirelli & C. S.p.A., The Goodyear Tyre & Rubber Company, Camso, Continental Group

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Key Segments:

By Tyre Construction

Bias tyres hold 30% share, driven by cost-effectiveness, durability, and widespread use in two-wheelers, three-wheelers, and certain commercial vehicles. Radial tyres account for 70%, supported by better performance, fuel efficiency, and growing adoption in passenger cars, buses, trucks, and heavy machinery.

By Application

Passenger cars dominate with 25% share, fueled by increasing vehicle production, replacement demand, and aftermarket growth. Four-wheelers account for 20%, supported by personal mobility expansion and urban vehicle adoption. Two-wheelers hold 15%, reflecting rising usage in emerging economies and last-mile transport. Buses and trucks represent 15%, driven by freight transport and public transportation networks. Industrial vehicles and heavy machinery account for 10%, including construction, mining, and agriculture equipment. Three-wheelers, golf carts, railway equipment wheels, and other niche applications make up 15%, reflecting regional and specialized mobility needs.

By Material

Natural rubber leads with 45% share, driven by resilience, performance, and preference in high-durability tyres. Synthetic rubber accounts for 50%, fueled by cost efficiency, performance customization, and widespread use across radial tyres. Other materials make up 5%, including specialty blends and advanced polymers used in high-performance or niche tyres.

By End User

Original equipment tyres dominate with 60% share, driven by automotive manufacturing growth, new vehicle sales, and fleet expansion. Replacement/aftermarket accounts for 40%, supported by rising vehicle ownership, tyre wear-and-replacement cycles, and increased service availability.

By Region

Asia Pacific - 45% Share
Asia Pacific leads with 45%, fueled by rapid vehicle production, growing passenger and commercial vehicle fleet, and rising demand for radial tyres in China, India, Japan, and Southeast Asia.

North America - 20% Share
North America holds 20%, supported by mature automotive markets, aftermarket demand, and preference for high-performance radial tyres in the U.S. and Canada.

Europe - 20% Share
Europe accounts for 20%, driven by automotive manufacturing, fleet expansion, and strong replacement tyre markets across Germany, France, U.K., Italy, Spain, and neighboring countries.

Latin America - 7% Share
Latin America holds 7%, fueled by growing passenger and commercial vehicle markets in Brazil, Mexico, and surrounding countries.

Middle East & Africa - 8% Share
The Middle East & Africa represent 8%, supported by industrial vehicles, commercial fleets, and increasing passenger vehicle ownership in GCC countries, South Africa, and other emerging markets.

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