by
According to the Foreclaro Global Research, the
Global
Tire Market size was valued at USD 183.5 billion in 2024. The report “Global Tire Market
Segmentation By Vehicle Type (Two-wheelers, Passenger cars, Light
Commercial Vehicles, Heavy Commercial Vehicles, Aircraft Tires, Others), By
Design (Radial, Bias), By End User (OEM,
Replacement), By Distribution Channel
(Online, Offline)-
Industry Trends and Forecast to 2033” gives a detailed insight into current market
dynamics and provides analysis on future market growth.
The global tire marketplace is a critical part
of the automobile enterprise, catering to various car categories, which
includes two-wheelers, passenger cars, business vehicles, and area of expertise
segments like aircraft. Driven via way of means of growing car production,
growing call for for substitute tires, and improvements in tire technology, the
marketplace keeps to extend steadily. Growing patron choice for fuel-efficient,
durable, and green tires has brought about improvements which include low rolling
resistance, run-flat designs, and using sustainable materials. Urbanization,
advanced avenue infrastructure, and the enlargement of e-trade in tire income
similarly improve marketplace penetration. Additionally, the upward push of
electrical vehicles (EVs) is prompting producers to broaden specialized tires
with superior grip, decrease noise levels, and prolonged durability. Leading
gamers cognizance on strategic mergers, acquisitions, and collaborations to
bolster marketplace percentage and international presence. Overall, the tire
enterprise is evolving towards sustainability, overall performance
optimization, and assembly the dynamic wishes of present-day mobility solutions.
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Global Tire
Market Report Highlights
· Increasing
automobile production, increasing alternative tire demand, and improvements in
tire production are fueling market expansion.
· Development
of fuel-efficient, low rolling resistance, run-flat, and green tires to fulfill
evolving client and regulatory demands.
· Rising EV adoption is driving demand for
specialized tires with greater grip, decreased noise, and advanced durability
· fast
increase of online tire income structures is remodeling distribution fashions
along conventional offline channels.
· Asia-Pacific
dominates because of big car production bases, even as North America and Europe
see an increase from top-class and sustainable tires
· Key
gamers awareness on strategic partnerships, acquisitions, and product launches
to enlarge worldwide footprint and marketplace share.
Foreclaro
Global Research has segmented the Tire Market report based on Vehicle Type, Design,
End users, Distribution Channel, and region:
Tire Market, Vehicle Type Outlook (Revenue -
USD Million, 2020 - 2033)
Two-wheelers
Passenger cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Aircraft Tires
Others
Tire Market, Design Outlook (Revenue
- USD Million, 2020 - 2033)
Radial
Bias
Tire Market, End User Outlook
(Revenue - USD Million, 2020 - 2033)
OEM
Replacement
Tire Market, Distribution Channel Outlook
(Revenue - USD Million, 2020 - 2033)
Online
Offline
Tire Market, Regional Outlook
(Revenue - USD Million, 2020 - 2033)
North
America
·
United
States
·
Canada
·
Mexico
Europe
·
United
Kingdom
·
Germany
·
France
·
Spain
·
Italy
·
Rest
of Europe
Asia
Pacific
·
China
·
India
·
Japan
·
Australia
·
South
Korea
·
Rest
of Asia Pacific
Latin
America
·
Brazil
·
Argentina
·
Rest
of Latin America
Middle East
& Africa
·
Saudi
Arabia
·
South
Africa
·
Rest
of MEA
Global Tire Market Key Players
·
The Michelin Group
·
Bridgestone Corporation
·
Continental AG
·
The Goodyear Tire and Rubber Company
·
Sumitomo Corporation
·
Pirelli Tyre S.p.A
·
Yokohama Tire Corporation
·
Hankook Tire and Technology Co., Ltd.
·
Toyo Engineering Corporation
·
Kumho Tyre (Australia) Pty Ltd.
