Company Spotlight | Published Date : 06-August-2026
Tyre Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2026-2035)
The global tyre market was valued at USD 250.33 Billion in 2025 and is expected to grow at a CAGR of 5.40% from 2026 to 2035, reaching USD 423.56 Billion by 2035. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing sale of vehicles.
The tyre market share is expected to increase due to rising vehicle sales and expanding tire demand in emerging markets. In developing nations, the number of middle-class population is growing, which has increased car ownership and, in turn, raised the need for lightweight vehicle tires. Furthermore, the enforcement of strict laws by governmental entities is serving as a notable factor that stimulates the market growth.
Looking for Market Size, Pricing & Forecast: Get Free Sample Report
The growing inclination for high-performance and customized tires is one of the factors driving the need for tires in the industry. In addition, the tire market growth is expected to be driven by the development of tires specifically made for electric vehicles (EVs), which reflects the automotive industry's shift towards electrification.
There is a rise in autonomous vehicles, which is a major trend. It is expected that there will be around 5 million autonomous vehicles on the roads by 2026 and an additional 30 million by 2030. This shift highlights the significance of smart tires, which allow for sensors to collect, process, and communicate data between the vehicle and its environment. For well-established tire producers, this technical advancement is vital since it helps them differentiate their goods and guarantee safety, which fuels the expansion of the global market for tyres.
According to the global tyre market analysis, technological advancements in tyres for passenger vehicles and SUVs is changing nowadays. Leading companies are advancing the design and manufacture of tyres in an effort to stay ahead of the competition. Additionally, in order to stay competitive, producers are concentrating on creating tire models that are more robust and adaptable.
In July 2026, Continental agreed to sell its ContiTech industrial business to Lone Star Funds for EUR 4 billion, advancing its transformation into a pure-play tyre manufacturer.
In June 2026, Bridgestone was selected as the exclusive tyre partner for Lamborghini’s limited-production Fenomeno Roadster and developed purpose-built high-performance tyres for the model.
In June 2026, Giti Tire received original-equipment nominations for the BMW iX1 and iX2, strengthening its presence in the electric vehicle tyre segment.
In April 2026, Yokohama Rubber developed an AI- and simulation-based tyre mould design system intended to accelerate product development and reduce design costs and rework.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
| Headquarters: | Tokyo, Japan |
| Establishment: | 1931 |
| Website: | https://www.bridgestone.com/ |
| Stock Ticker: | Tokyo Stock Exchange: 5108 |
| Key Brands: | Bridgestone and Firestone |
| Key Products: | Passenger, commercial, motorcycle, aircraft, mining and agricultural tyres |
Bridgestone Corporation is renowned globally for their dedication towards sustainable mobility and advanced solutions. They manufacture, distribute, and retail a broad range of original equipment and replacement tyres. They also offer mobility and tyre-centric solutions. They are also known for their various diversified rubber-related products designed to enhance both social and customer value. Under the reputable Bridgestone and Firestone brands, they sell their top-tier products which cater to consumers and fleet customers worldwide. In April 2026, Bridgestone partnered with three Japanese universities on a genetic-analysis project aimed at developing more productive and resilient natural rubber trees.
| Headquarters: | Clermont-Ferrand, France |
| Establishment: | 1889 |
| Website: | https://www.michelin.com/ |
| Stock Ticker: | Euronext Paris: ML |
| Key Brands: | Michelin, BFGoodrich, Uniroyal, Kleber and Camso |
| Key Markets: | Automotive, aviation, mining, agriculture, construction and two-wheel vehicles |
The Michelin Group is a renowned company globally which supplies tyres to more than 170 nations. It is known for tailoring its products to local needs and road conditions. They have around 70 manufacturing plants worldwide. It is dedicated towards manufacturing the most suitable tyres and safest tyres for various needs. It has enhanced mobility for both people and goods. As the foremost tyre manufacturer, Michelin excels in manufacturing and distributing tyres and services for various vehicle like airplanes, bikes, cars, among others as the foremost tyre manufacturer. In June 2026, Michelin highlighted specialty tyres as a major growth and innovation area covering aviation, mining, agriculture, defence, logistics, construction and motorsport applications.
| Headquarters: | Hanover, Germany |
| Establishment: | 1871 |
| Website: | https://www.continental.com/ |
| Stock Ticker: | Frankfurt Stock Exchange: CON |
| Key Tyre Brands: | Continental, General Tire and Uniroyal in selected markets |
| Key Products: | Passenger, commercial, motorcycle, bicycle and speciality tyres |
Continental is at the forefront for developing innovative technologies and services which are aimed at achieving sustainable and connected mobility for people and goods. The company is known for providing secure, cost-effective, and intelligent tyres for various applications, like vehicles, traffic, machinery, and transportation. They also offer technologies for passive safety, chassis, braking systems, motion, and motion control systems. They have an extensive portfolio in networking technologies, vehicle electronics, among others. In July 2026, Continental announced plans to build its first company-owned wind farm to supply renewable electricity to its tyre plant in Korbach, Germany.
| Headquarters: | Milan, Italy |
| Establishment: | 1872 |
| Website: | https://www.pirelli.com/ |
| Stock Ticker: | Euronext Milan: PIRC |
| Key Brands and Lines: | P Zero, Cinturato, Scorpion and Cyber Tyre |
| Core Markets: | Passenger cars, motorcycles and bicycles |
Pirelli is one of the global brands which is recognized for its advanced technology, innovative spirit rooted, and superior production quality in its Italian heritage. They are one of the leading tyre manufacturers worldwide. Pirelli is exclusively dedicated toward the consumer tyre market, and includes tyres for cars, bicycles, and motorcycles in their portfolio. The company is also focusing on enhancing its brand reputation via participation in motorsport events, and cultural endeavors. In June 2026, Pirelli introduced the Scorpion AS Plus 4 in North America, offering improved comfort, mileage and wet-weather control for crossovers, SUVs and pickup trucks.
| Headquarters: | Akron, Ohio, United States |
| Establishment: | 1898 |
| Website: | https://corporate.goodyear.com/ |
| Stock Ticker: | NASDAQ: GT |
| Key Brands: | Goodyear, Cooper, Kelly and Mastercraft |
| Key Products: | Passenger, commercial truck, aviation, racing and off-road tyres |
Goodyear stands among the globe's top tyre manufacturers. It has around 57 production facilities across 23 countries. They are dedicated towards creating cutting-edge products and services which have led the industry in performance and technology. Goodyear is known for their diverse range of tyres worldwide. Their brands provide drivers advanced technology, superior performance, dependable all-weather options and cost-effective quality. In June 2026, Goodyear announced that it would supply advanced tyres for a lunar mobility vehicle being developed for NASA’s Artemis programme.
| Headquarters: | Hiratsuka, Kanagawa, Japan |
| Establishment: | 1917 |
| Website: | https://www.y-yokohama.com/global/ |
| Stock Ticker: | Tokyo Stock Exchange: 5101 |
| Key Brands: | Yokohama, ADVAN and GEOLANDAR |
| Key Products: | Consumer, commercial, motorsport, agricultural and off-highway tyres |
Yokohama Rubber specializes in producing and selling tyres. The company has several divisions Tyres, Alliance Tyre Group (ATG), Multiple Business (MB), and others. The Tyres division is known for manufacturing tyres for various vehicles like passenger cars, buses, trucks, and construction, industrial, and mining vehicles. They also offer aluminum alloy wheels and other products. Their MB segment includes diverse range of products like conveyor belts, marine fenders, rubber plates, marine hoses, air springs, highway joints, rubber molded products, among others. Whereas their ATG segment manufacture tyres specifically for agricultural machinery, construction and industrial vehicles. In March 2026, Yokohama Rubber entered an official tyre-supply agreement with BMW M Motorsport for the Nürburgring 24-Hour Race and Nürburgring Langstrecken-Serie.
| Headquarters: | Kobe, Hyogo, Japan |
| Establishment: | 1909 |
| Website: | https://www.srigroup.co.jp/english/ |
| Stock Ticker: | Tokyo Stock Exchange: 5110 |
| Key Tyre Brands: | Dunlop and Falken |
| Key Products: | Passenger, motorcycle, commercial and motorsport tyres |
Sumitomo Rubber Industries, part of Sumitomo Group, is one of the leading global companies which is known for their specialization in rubber products. They have an extensive product portfolio which includes vehicle tyres, tennis balls and golf balls. They have their brands DUNLOP and FALKEN under which, they manufacture and retails different tyre types for cars, buses, trucks, motorcycles, among others. They cater to both domestic and global markets. In July 2026, Sumitomo Rubber Industries announced that its Falken Azenis FK520 tyre had been selected as original equipment for Porsche’s new Cayenne Electric.
| Headquarters: | Singapore |
| Company Origins: | 1951 |
| Website: | https://www.giti.com/ |
| Ownership: | Privately held |
| Key Brands: | Giti, GT Radial, Primewell and Runway |
| Key Products: | Passenger, SUV, light truck, commercial and motorsport tyres |
Giti Tyre is a global leader in the tyre industry. They are known for providing a wide range of high-quality tyres and services. They are serving in over 130 countries worldwide. They focus on three main areas, first is producing top-notch and innovative tyres, other is fostering employee growth and innovation, and last one is upholding corporate social responsibility. Their tyre portfolio is focused on passenger cars, 4x4s, SUVs, commercial vans, buses, trucks motorsports, and others, which caters to various road conditions. In March 2026, Giti launched the GitiSport S2+ ultra-high-performance tyre after it received an exemplary rating in the 2026 AutoBild summer tyre test.
| Headquarters: | Itami, Hyogo, Japan |
| Establishment: | 1945 |
| Website: | https://www.toyotires-global.com/ |
| Stock Ticker: | Tokyo Stock Exchange: 5105 |
| Key Brands: | Toyo Tires and Nitto |
| Key Products: | Passenger, SUV, light-truck, truck and bus tyres |
Toyo Tires is a premier global tyre manufacture. They are renowned for their commitment to innovation, performance, quality, and exceptional service. They have established a wide sales and distribution network which have reached more than 100 countries and regions. Toyo Tires is known for their passion towards creating outstanding products and innovative solutions which cater to their customers' needs.
| Headquarters: | Changhua County, Taiwan |
| Establishment: | 1967 |
| Website: | https://www.maxxis.com/ |
| Stock Ticker: | Taiwan Stock Exchange: 2105 |
| Key Brand: | Maxxis |
| Global Reach: | Products distributed across more than 180 countries |
Cheng Shin Rubber Industry Co., Ltd. manufactures and distributes tyres globally under the Maxxis brand. The company began with bicycle tyres and expanded into automotive, light-truck, motorcycle, ATV, trailer, industrial, lawn-and-garden and motorsport products. Its manufacturing facilities are located across Taiwan and several other Asian markets.
Latest Updates on Thriving Economically in a World of Constant Innovation
To place an order through our website, select the license type mentioned on the report details page. Click on the ‘Buy Now’ button and fill in your details. Select your preferred mode of payment after which you will be redirected to the selected payment gateway. Follow the steps and proceed to checkout.
www.expertmarketresearch.com
Enlisting all your requirements and queries along with details that include billing and delivery address and the preferred payment mode. Our customer service representative will revert to you within 24 hours.
sales@expertmarketresearch.com
To place an order through telephone, call our sales team on the following numbers and our customer service representative will help you regarding the same.
+61 291 889 415
Share