Global Tires Market

Global Tires Market Overview

• The Global Tires Market Size is Anticipated to Grow from USD 138.5 Billion in 2023 to USD 192.5 Billion by 2033, Growing at a CAGR of 3.35% from 2023 to 2033.
• The market growth is rising due to the growing e-commerce and the need for heavy-duty and light commercial vehicle tires.
• The tires market refers to the industry encompassing the industry that involves the manufacturing, distribution, and sale of tires for various vehicles.
• The growing urbanization and infrastructure development projects and the need for commercial vehicles in various sectors are aids in driving market growth.

Major vendors in the Global Tires Market 

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., and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Tires market based on the below-mentioned segments:

Global Tires Market, By Vehicle Type

• Two-wheelers
• Passenger Cars

Global Tires Market, By Distribution Channel

• OEM
• Aftermarket 

Global Tires Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa