Tire (Tyre) Forecast 2030: Growth Trends, Key Players & Future Outlook | Badger Mining Corp., Baker Hughes Inc., Carbo Ceramics Inc, and others

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Jul 3, 2025 - 16:42

Tire (Tyre) Forecast 2030: Growth Trends, Key Players & Future Outlook | Badger Mining Corp., Baker Hughes Inc., Carbo Ceramics Inc, and others

According to recent findings, the Tire Market size was valued at around USD 264.68 billion in 2024 and is projected to reach USD 394.55 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.88% during the forecast period, i.e., 2025-30.

At MarkNtel Advisors, we continuously monitor and analyze industry trends to provide reliable insights that support informed decision-making and the key factors contributing to the market's promising outlook.

Tire (Tyre) Overview:

With the emergence of more efficient vehicles and a smoother infrastructure, the market is experiencing rapid growth & changes. The rise in vehicle production in developing countries & increased competition among tire manufacturers are the prime aspects projected to drive the market in the forecast years.

Several tire manufacturers are actively working on countermeasures to minimize the impact by collaborating with global automotive OEMs (Original Equipment Manufacturers). Besides, they are also vigorously extending their services to online platforms with responsive customer service. In addition, their evolution in digital transformation to engage with potential buyers has further been a game-changer, resulting in a recovery of the tyre market.

Explore the Insights – Download a Sample Report for Free: https://www.marknteladvisors.com/query/request-sample/global-tire-market.html

Tire (Tyre) Outlook and Future Trends :

Technological Advancement to be a Trending Aspect in the Market – Numerous technological advancements have been made in the tires, and nowadays, many manufacturers are launching highly advanced & innovative tyres in the market, thus becoming a trending aspect across the Tire Market in the present years. The introduction of rimless tires, green tires, and the usage of lightweight elastomers & metals such as alloys & carbon fiber or composites like manganese bronze & nickel aluminum bronze to manufacture tires are some of the technological advancements being done in the industry.

Furthermore, prominent tire manufacturers are integrating nanotechnology and other cutting-edge software & innovations into their tire production processes, resulting in a diverse range of advanced tire options. For instance, Bridgestone Tires, a renowned tire and ru6.88er manufacturer, employs Contact Area Information Sensing (CAIS) technology to gather & assess data regarding the tire's contact area, enabling the detection of road conditions. Hence, with these advancements the future of transportation would transform completely, thus contributing to encouraging the market growth.

Tire (Tyre) Segmentation Analysis:

By Vehicle Type

Two-wheeler- Market Size & Forecast 2020-2030, (Thousand Units)
Three-wheeler- Market Size & Forecast 2020-2030, (Thousand Units)
Passenger Car- Market Size & Forecast 2020-2030, (Thousand Units)
Commercial Vehicle -Market Size & Forecast 2020-2030, (Thousand Units)
- Light Commercial Vehicle (LCV) -Market Size & Forecast 2020-2030, (Thousand Units)
- Medium & Heavy Commercial Vehicle (MHCV) -Market Size & Forecast 2020-2030, (Thousand Units)
Off-the-Road Vehicle (OTR)-Market Size & Forecast 2020-2030, (Thousand Units)

According to reports, Passenger Cars are projected to capture a substantial share of the Tire Market during 2025-30.

By Demand Type

OEM - Market Size & Forecast 2020-2030, (Thousand Units)
Replacement - Market Size & Forecast 2020-2030, (Thousand Units)

By Tire Type

Radial- Market Size & Forecast 2020-2030, (Thousand Units)
Bias - Market Size & Forecast 2020-2030, (Thousand Units)

According to reports, The Tire Market is primarily governed by Radial Tire as it accounts for the largest share and is presumed to be one of the leading tire types in the forthcoming years as well.

By Season

Summer Tires- Market Size & Forecast 2020-2030, (Thousand Units)
Winter Tires - Market Size & Forecast 2020-2030, (Thousand Units)
All Season Tires- Market Size & Forecast 2020-2030, (Thousand Units)

By Sales Channel

Direct Sales- Market Size & Forecast 2020-2030, (Thousand Units)
Dealer Distributor - Market Size & Forecast 2020-2030, (Thousand Units)
Online Platform- Market Size & Forecast 2020-2030, (Thousand Units)

By Rim Size

Up to 12” - Market Size & Forecast 2020-2030, (Thousand Units)
1” to 15” - Market Size & Forecast 2020-2030, (Thousand Units)
1” to 18” - Market Size & Forecast 2020-2030, (Thousand Units)
18” to 22.5” - Market Size & Forecast 2020-2030, (Thousand Units)
6” to 26” - Market Size & Forecast 2020-2030, (Thousand Units)
1” to 35” - Market Size & Forecast 2020-2030, (Thousand Units)
1” to 47” - Market Size & Forecast 2020-2030, (Thousand Units)
Above 47” - Market Size & Forecast 2020-2030, (Thousand Units)

By Price Category

Budget- Market Size & Forecast 2020-2030, (Thousand Units)
Economy- Market Size & Forecast 2020-2030, (Thousand Units)
Premium- Market Size & Forecast 2020-2030, (Thousand Units)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

According to reports, Asia-Pacific is expecting the largest share of the Tire Market during 2025-30,

For deeper insights into the market, explore the summary of the research report – https://www.marknteladvisors.com/research-library/global-tire-market.html

Some of the Market players in the Tire (Tyre) are:

Bridgestone Corporation
Continental AG
Hankook & Company Co., Ltd.
Michelin
Nokian Tyres Plc
Pirelli & C. S.P.A.
Sumitomo Ru6.88er Industries, Ltd.
The Yokohama Ru6.88er Co., Ltd.
Toyo Tire Corporation
MRF Limited
CEAT Limited
JK Tire & Industries Ltd.
Apollo Tires Ltd
Zhongce Ru6.88er Group Co., Ltd.
Sailun Group Co., Ltd

Report Delivery Format – Market research reports from MarkNtel Advisors are delivered in PDF, Excel, and PowerPoint formats. Once the payment is successfully processed, the report will be sent to your registered email within 24 hours.

Key Highlights of the Report – Unlock Valuable Market Insights

Market Size, Share & Future Projections – Understand the current market dimensions and forecasted growth trajectory.
In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
Company Strategies & Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
Key Stakeholders & Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
Import & Export Dynamics – Analyze trade flows, regional export trends, and supply chain movements.
Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
Market Trends & Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

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