Passenger Car Tyres Market size was valued at USD 116.2 Billion in 2024 and is projected to reach USD 144.8 Billion by 2033, exhibiting a CAGR of 4% from 2026 to 2033.
In 2022, the global passenger car tyres market was valued at approximately USD 150 billion and is projected to reach USD 210 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This growth is driven by increasing vehicle production, rising disposable incomes, and advancements in tyre technology enhancing durability and performance. The market is segmented by tyre type (radial and bias), vehicle type (sedan, SUV, hatchback, coupe, convertible, and others), distribution channel (OEM and aftermarket), season (summer, winter, all season), and rim size (13 15 inches, 16 18 inches, 19 21 inches, above 21 inches). Regionally, the Asia Pacific accounted for 45% of the global passenger vehicle tyre market revenue in 2023, driven by robust automotive production and sales in countries like China and India. Europe and North America followed, contributing 25% and 22% respectively, while Latin America and the Middle East & Africa each held a 4% share. The Asia Pacific regions dominance is attributed to its expanding automotive industry and increasing demand for vehicles. Opportunities in the market include the development of smart tyre technologies and eco friendly products to meet evolving consumer preferences and regulatory standards.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=584744&utm_source=Google_site_G_April&utm_medium=227
Â
Bridgestone
Michelin
Goodyear
Continental
ZC Rubber
Sumitomo Rubber
Double Coin
Pirelli
Aeolus Tyre
Sailun Group
Cooper tire
Hankook
Yokohama
Giti Tire
KUMHO TIRE
Triangle Tire Group
Cheng Shin Rubber
Linglong Tire
Toyo Tires
Xingyuan group
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=584744&utm_source=Google_site_G_April&utm_medium=227
Growing demand for below applications around the world has had a direct impact on the growth of the Global Passenger Car Tyres Market
Sedans
SUVs
Hatchbacks
Pickup Trucks
Luxury Cars
All-Season Tires
Winter Tires
Performance Tires
Touring Tires
Off-Road Tires
Budget Tires
Mid-Range Tires
Premium Tires
Luxury Tires
Radial Tires
Bias-Ply Tires
Run-Flat Tires
Green Tires (Eco-Friendly)
Online Retailers
Physical Tire Shops
Automobile Dealerships
Warehouse Clubs
Service Stations/Mechanics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/passenger-car-tyres-market/
1. Introduction of the Global Passenger Car Tyres Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Passenger Car Tyres Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Passenger Car Tyres Market, By Type
6. Global Passenger Car Tyres Market, By Application
7. Global Passenger Car Tyres Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Passenger Car Tyres Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/