Consumer Tires Market size was valued at USD 228.1 Billion in 2024 and is projected to reach USD 307.5 Billion by 2033, exhibiting a CAGR of 3.5% from 2026 to 2033.
In 2022, the global consumer tires market was valued at approximately USD 19.1 billion and is projected to reach USD 25.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 2.8% during the forecast period. Regionally, the United States tire market was valued at USD 69.13 billion in 2022 and is expected to grow to USD 98.46 billion by 2030, with a CAGR of 4.52%. In the Asia Pacific region, Chinas automotive tire market is projected to experience a CAGR of 6.8% from 2025 to 2035, driven by the countrys large automotive production volume and rising demand for passenger and commercial vehicles. Similarly, Indias automotive tire market is poised for substantial growth, with a CAGR of 6.9% expected between 2025 and 2035, fueled by rising vehicle production and increasing urbanization. The European market also shows promising growth, with Germanys automotive tire market projected to grow at a CAGR of 7.1% between 2025 and 2035, supported by the countrys strong automotive manufacturing base and increased demand for electric vehicles. The United Kingdoms automotive tire market is expected to grow at a CAGR of 7.2% during the same period, driven by increasing demand for both passenger and commercial vehicle tires, particularly as the country shifts towards more eco friendly and electric vehicle technologies. These regional trends present significant opportunities for market participants to capitalize on the growing demand for consumer tires across various segments and regions.
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Bridgestone
GoodYear
Continental
Michelin
Sumitomo
Hankook
Pirelli
Yokohama
Zhongce Rubber
Toyo Tire Corporation
Cooper Tire
Apollo Tyres
KUMHO TIRES
Linglong Tire
MRF
Cheng Shin Rubber(Maxxis)
Sailun Group
Nokian Tyres
Triangle Tire Group
JK TYRE
AEOLUS TYRE
Giti
Nexen Tire
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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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Consumer Tires Market
Radial Tires
Bias Ply Tires
Passenger Vehicles
Commercial Vehicles
Heavy Duty Vehicles
Two-Wheelers
Passenger Cars
Light Commercial Vehicles
Heavy Trucks
Buses
Motorcycles
On-Road Tires
Off-Road Tires
Original Equipment Manufacturer (OEM)
Aftermarket
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)
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1. Introduction of the Global Consumer Tires 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 Consumer Tires Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Consumer Tires Market, By Type
6. Global Consumer Tires Market, By Application
7. Global Consumer Tires Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Consumer Tires Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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