Global Tire Market: Trends & Forecast to 2033
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Global Tire Market By Type (Diagonal/Bias Tires, Radial Tires), By Technology (Regular, Advanced (Self-Inflating/Chip-Enabled/Multi-Chamber/Self Sealing)), By Category (Passenger Car Radial (PCR) tires, Truck, Bus and Radial (TBR) tires, Agriculture tires, Off the Road (OTR) tires, Motorcycle tires, Industrial tires, Others) By End User (OEMs, Aftermarket), By Season (All Season Tires, Winter Tires, Summer Tires), And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2021 to 2033
Global Tire Market: Trends & Forecast to 2033
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Global Tire Market: Trends & Forecast to 2033 |
The global automotive tire market size was estimated at USD 255.63 billion in 2022, showcasing a robust industry valuation.
The market is anticipated to expand significantly, growing at a Compound Annual Growth Rate (CAGR) of 7.90% from 2023 to 2033, driven by continued automotive industry expansion.
Asia Pacific stands as the dominant region in the global tire market, holding a substantial 42% market share in 2022, fueled by strong vehicle production and increasing ownership.
Passenger Car Radial (PCR) tires represent the largest segment by category, contributing nearly 40% of the market share in 2022, highlighting their pivotal role in tire demand.
The market encompasses key categories including Passenger Car Radial (PCR) Tires, Truck & Bus Radial (TBR) tires, Off-the-Road (OTR) tires, and segments based on demand such as OEM (Original Equipment Manufacturer) and Replacement tires.
A major trend is the surge in Electric Vehicle (EV) specific tires, designed for low rolling resistance, enhanced durability, and noise reduction to meet the unique demands of electrified mobility.
The integration of smart tire technologies and advanced sensors for real-time monitoring (pressure, temperature, wear) is a key development, enhancing driving safety and enabling predictive maintenance.
Growing emphasis on sustainability and eco-friendly tire manufacturing is driving innovation in materials, including bio-based components, recycled rubber, and development of low-rolling-resistance tires for improved fuel efficiency and reduced carbon footprint.
The aftermarket and replacement tire segment continues to show robust growth, influenced by rising vehicle usage and increasing consumer awareness regarding road safety and tire performance.
Key players dominating the global tire market include Michelin Group, Bridgestone Corporation, Continental AG, and The Goodyear Tire & Rubber Company, driving innovation and market competition.
Global Tire Market By Region, 2021-2033 ($ Million)
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Global Tire Market By Region, 2021-2033 (Million Units)
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Global Tire Market By Category, 2021-2033 ($ Million)
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Global Tire Market By Category, 2021-2033 (Million Units)
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Global Tire Market By End User 2021-2033 ($ Million)
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Global Tire Market By End User 2021-2033 (Million Units)
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Global Tire Market By Season 2021-2033 ($ Million)
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Global Tire Market By Season 2021-2033 (Million Units)
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Global Tire Market By Technology 2021-2033 ($ Million)
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Global Tire Market By Technology 2021-2033 (Million Units)
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Global Tire Market By Type 2021-2033 ($ Million)
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Global Tire Market By Type, 2021-2033 (Million Units)
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Europe Tire Market By Country, 2021-2033 ($ Million)
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Europe Tire Market By Country, 2021-2033 (Million Units)
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Europe Tire Market By Category, 2021-2033 ($ Million)
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Europe Tire Market By Category, 2021-2033 (Million Units)
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Europe Tire Market By End User 2021-2033 ($ Million)
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Europe Tire Market By End User 2021-2033 (Million Units)
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Europe Tire Market By Season 2021-2033 ($ Million)
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Europe Tire Market By Season 2021-2033 (Million Units)
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Europe Tire Market By Technology 2021-2033 ($ Million)
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Europe Tire Market By Technology 2021-2033 (Million Units)
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Europe Tire Market By Type 2021-2033 ($ Million)
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Europe Tire Market By Type, 2021-2033 (Million Units)
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UK Tire Market By Category, 2021-2033 ($ Million)
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UK Tire Market By Category, 2021-2033 (Million Units)
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UK Tire Market By End User 2021-2033 ($ Million)
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UK Tire Market By End User 2021-2033 (Million Units)
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UK Tire Market By Season 2021-2033 ($ Million)
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UK Tire Market By Season 2021-2033 (Million Units)
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UK Tire Market By Technology 2021-2033 ($ Million)
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UK Tire Market By Technology 2021-2033 (Million Units)
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UK Tire Market By Type 2021-2033 ($ Million)
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UK Tire Market By Type, 2021-2033 (Million Units)
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Ireland Tire Market By Category, 2021-2033 ($ Million)
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Ireland Tire Market By Category, 2021-2033 (Million Units)
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Ireland Tire Market By End User 2021-2033 ($ Million)
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Ireland Tire Market By End User 2021-2033 (Million Units)
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Ireland Tire Market By Season 2021-2033 ($ Million)
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Ireland Tire Market By Season 2021-2033 (Million Units)
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Ireland Tire Market By Technology 2021-2033 ($ Million)
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Ireland Tire Market By Technology 2021-2033 (Million Units)
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Ireland Tire Market By Type 2021-2033 ($ Million)
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Ireland Tire Market By Type, 2021-2033 (Million Units)
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Rest of Europe Tire Market By Category, 2021-2033 ($ Million)
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Rest of Europe Tire Market By Category, 2021-2033 (Million Units)
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Rest of Europe Tire Market By End User 2021-2033 ($ Million)
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Rest of Europe Tire Market By End User 2021-2033 (Million Units)
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Rest of Europe Tire Market By Season 2021-2033 ($ Million)
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Rest of Europe Tire Market By Season 2021-2033 (Million Units)
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Rest of Europe Tire Market By Technology 2021-2033 ($ Million)
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Rest of Europe Tire Market By Technology 2021-2033 (Million Units)
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Rest of Europe Tire Market By Type 2021-2033 ($ Million)
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Rest of Europe Tire Market By Type, 2021-2033 (Million Units)
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The report includes the global tire market size and forecast data for the following segments within each of the below-mentioned countries and regions.
DATA PARAMETERS:
- Historic Years: 2021 to 2022
- Base Year (for Calculation): 2022
- Estimated Year: 2023
- Forecast Years: 2024 to 2033
- Market Size & Forecast Parameter(s): Value ($ Million) and Volume (Million Unit)
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MARKET SEGMENTS |
COUNTRIES & REGIONS COVERED |
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Tire Market by Type
Tire Market by Category
Tire Market by Technology
Tire Market by Season
Tire Market by End User
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GLOBAL Europe
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