Tire Market Report 2026

The tire market size has grown steadily in recent years. It will grow from $202.83 billion in 2025 to $210.33 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to growth in global vehicle parc, expansion of commercial transportation fleets, rising demand for replacement tires, increasing adoption of radial tire construction, expansion of road transportation infrastructure.

The tire market size is expected to see steady growth in the next few years. It will grow to $249.51 billion in 2030 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to increasing adoption of electric vehicles, rising demand for fuel-efficient tires, growing emphasis on sustainable tire materials, expansion of off-road and specialty vehicle segments, increasing investments in advanced tire manufacturing technologies. Major trends in the forecast period include increasing demand for low-rolling-resistance tires, rising adoption of radial tire technologies, growing focus on high-durability and performance tires, expansion of specialized tires for heavy equipment, enhanced emphasis on tire safety and longevity.

The rising number of transportation activities is expected to propel the growth of the tire market going forward. Transportation activities encompass the movement of goods, people, or services from one place to another using various modes such as roads, railways, airways, waterways, or pipelines, facilitating the exchange of resources and fostering economic, social, and cultural interactions across regions. Transportation activities significantly impact the tire market by influencing demand through vehicle usage, driving patterns, and the need for durable, efficient tires across various modes of transportation. For instance, in December 2023, according to Statistics Canada, a Canada-based national statistical agency, the total passenger trips on Canada's urban transit networks reached 136 million in October, marking a 16.3% increase (+19.1 million rides) compared to October 2022. Therefore, the rising number of transportation activities drives the growth of the tire market.

Major companies operating in the tire sector are concentrating on the development of new technologies to reinforce their competitive position in the market. New technologies encompass advancements in tire materials, design, and manufacturing techniques that improve performance, safety, durability, and sustainability. For instance, in February 2023, Zhongce Rubber Group, a China-based tire manufacturer, launched a new range of tires called the EV Pro line-up for electric passenger vehicles, featuring Zuper Silent technology, which minimizes tire noise through the use of all-season noise-absorbing compounds, three-dimensional silent blocks, and a dedicated soundproof chamber. In addition, the EV Pro incorporates BPOT technology, providing enhanced handling through a 5% larger contact area at high speeds, along with Mixing Technology to improve grip and stability. Furthermore, the Gen II Hybrid Silane Compound enhances the EV Pro’s mileage, while the DMOT Design Theory helps reduce rolling resistance.

In March 2023, Zodo Tire, a China-based tyres manufacturer, acquired Kaixuan Rubber for an undisclosed amount. This acquisition allows Zodo Tire to leverage Kaixuan’s advanced rubber processing technologies, improving product quality and durability. By integrating Kaixuan’s resources and expertise, Zodo aims to accelerate its innovation efforts and respond more effectively to market demands. Kaixuan Rubber is a China-based manufacturer of tyres.

Major companies operating in the tire market are Sumitomo Corporation, Continental AG, Bridgestone Corporation, Michelin Group, The Goodyear Tire and Rubber Company, Maxxis International, Yokohama Tire Corporation, Pirelli Tyre SpA, Zhongce Rubber Group Co Ltd., Cheng Shin Rubber Ind. Co Ltd., Sailun Group Co Ltd., Apollo Tyres Ltd., Trelleborg AB, MRF Limited, Kumho Tyre Pty. Ltd., Shandong Linglong Tire Co Ltd., Linglong Tire Co Ltd., Cooper Tire & Rubber Company, Nexen Tire Corporation, Hankook Tire and Technology Co Ltd., Nokian Tyres plc, Double Coin Holdings Ltd., JK Tyre & Industries Ltd., CEAT Limited, Triangle Tyre Co Ltd., Guizhou Tyre Co Ltd., Alliance Tire Group, Aeolus Tyre, GT Asia Pacific Holdings Pte. Ltd., Federal Corporation, JINYU Tire Group Co Ltd.

Asia-Pacific was the largest region in the tire market in 2025. The regions covered in the tire market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tire market consists of the sale of touring tires, track and competition tires, all-terrain, and specialty tires. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.