Automotive Tire Market Size, Share, and Growth Analysis, By Section Width (<200mm, 200-230mm), By Aspect Ratio (<60, 60-70), By Rim Size, By Vehicle Type, By Season Type, By Tire Type, By Distribution Channel, By Region - Industry Forecast 2025-2032

Automotive Tire Market size was valued at USD 131.5 billion in 2023 and is poised to grow from USD 143.99 billion in 2024 to USD 297.61 billion by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).

The automotive tire market is becoming increasingly competitive, driving manufacturers to focus on product differentiation via innovative technologies that enhance performance and durability. Notable advancements include self-regenerating tread patterns that maintain grip as tires wear. The surge in global vehicle sales, exceeding 90 million units as reported by the International Organization of Motor Vehicle Manufacturers, is expected to significantly boost tire demand, particularly in Europe, which accounts for 19% of production. Additionally, tire manufacturers are embracing sustainability by developing environmentally friendly options, such as Micronized Rubber Powder from Lehigh Technologies. Moreover, the growing adoption of Low Rolling Resistance and self-inflating technologies highlights the industry's commitment to improving fuel efficiency, aligning with federal mandates that aim for 54.5 miles per gallon to meet Corporate Average Fuel Economy standards.

Top-down and bottom-up approaches were used to estimate and validate the size of the Automotive Tire market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Automotive Tire Market Segments Analysis

Global Automotive Tire Market is segmented by Section Width, Aspect Ratio, Rim Size, Vehicle Type, Season Type, Tire Type, Distribution Channel and region. Based on Section Width, the market is segmented into <200mm, 200-230mm and >230mm. Based on Aspect Ratio, the market is segmented into <60, 60-70 and >70. Based on Rim Size, the market is segmented into 13-15", 16-18", 19-21" and > 21". Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on Season Type, the market is segmented into Summer Tire, Winter Tire (Studded and Non-studded) and All-season Tire. Based on Tire Type, the market is segmented into Radial Tire (Tube and Tubeless) and Bias Tire. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Automotive Tire Market

A key factor propelling the global automotive tire market is the rising demand for tires, which is primarily influenced by the increasing sales of both passenger and commercial vehicles around the world. Data from the International Organization of Motor Vehicle Manufacturers indicates that the production of new vehicles has been on a consistent upswing, contributing to a significant rise in tire consumption. This positive trend is anticipated to persist as nations work to enhance their transportation infrastructures and respond to the burgeoning demand for vehicles, thereby intensifying the requirement for automotive tires in the market.

Restraints in the Automotive Tire Market

A major constraint affecting the global automotive tire market is the instability in raw material prices, especially rubber. As a crucial ingredient in tire production, the variability in rubber prices can greatly influence manufacturing costs. Several factors contribute to this unpredictability, including erratic weather patterns, disruptions in supply chains, and geopolitical tensions. These elements create challenges for tire manufacturers striving to sustain profitability and consistent pricing. To address these issues, companies must vigilantly oversee their supply chains and seek alternative sourcing strategies to minimize the adverse effects of fluctuating raw material costs on their operations.

Market Trends of the Automotive Tire Market

A significant market trend in the global automotive tire sector is the escalating demand for eco-friendly and sustainable tire solutions. As environmental concerns intensify and regulations become more stringent, consumers are increasingly seeking tires that are energy-efficient, minimize carbon emissions, and promote recycling. Tire manufacturers are responding through enhanced research and development, focusing on innovative materials such as bio-based or recycled rubber. Furthermore, advancements like low rolling resistance and self-inflating technologies are being integrated to improve fuel efficiency and shrink the environmental footprint. This shift aligns closely with consumer preferences and the automotive industry's broader sustainability objectives, signaling a transformative evolution in tire production and design.