Automotive tire market to top $188 billion by 2030

The global automotive tire market is projected to exceed $188 billion by 2030, driven by vehicle production, replacement demand and rising interest in fuel-efficient tires. The Business Research Company says all-weather touring tires, led by Bridgestone’s UltraWeather launch, are helping reshape product strategy across regions, especially in Asia-Pacific.

Why it matters: - The automotive tire market is moving toward more versatile products that can handle multiple seasons, reduce fuel use and improve safety. - The shift matters for automakers, tire makers and fleet operators because tire performance now affects emissions, durability, ride comfort and replacement cycles. - The market is expected to surpass $188 billion by 2030, making tires a major part of the broader automotive supply chain.

What happened: - The Business Research Company released its Automotive Tire Global Market Report 2026, covering market size, trends and forecasts through 2035. - The report says all-weather touring tires are reshaping the sector by offering seasonal versatility, better safety, stronger durability and improved fuel economy. - Bridgestone Americas launched the UltraWeather tire in June 2026 as a premium all-weather option certified with 3PMSF. - UltraWeather includes advanced wet-traction design and ENLITEN™ technology.

The details: - The automotive tire market is forecast to grow at a 6% compound annual growth rate through 2030. - Tires are projected to account for about 10% of the $1,917 billion motor vehicle body, stamped metal and other parts market by 2030. - Within the broader transport industry, tires are expected to represent close to 2% of the $9,400 billion market by 2030. - Asia-Pacific is forecast to lead growth, rising from $58 billion in 2025 to $80 billion in 2030, at a 7% CAGR. - China is expected to be the largest single-country tire market by 2030 at $39 billion, up from $29 billion in 2025. - The under-15-inch rim size segment is projected to hold the largest share in 2030 at 48%, or $89 billion. - The under-15-inch category is supported by compact and entry-level passenger vehicles, low-cost replacement demand, two-wheelers and smaller commercial vehicles. - The market is segmented by vehicle type into passenger vehicles, commercial vehicles and electric vehicles. - The market is segmented by manufacturing into radial tires and bias tires. - Distribution runs through OEMs and aftermarket suppliers. - Seasonal categories include summer, winter and all-season tires. - The combined under-15-inch, 15-to-20-inch and over-20-inch rim size segments are expected to add more than $44 billion by 2030. - The under-15-inch segment is expected to add $21 billion, the 15-to-20-inch segment $16 billion and the over-20-inch segment $7 billion from 2025 to 2030.

Between the lines: - The report points to a market split between commodity replacement tires and higher-value products with advanced materials and sensor-ready features. - Rising electric vehicle adoption is increasing demand for specialized tire designs, especially in Asia-Pacific and China. - Fuel-efficient and high-performance tires are gaining ground as consumers and fleets look for lower rolling resistance, better handling and lower emissions. - Replacement demand remains a stable growth engine because older fleets, road wear and expanding retail and online distribution channels keep tire turnover high. - Market concentration remains moderate, with the top 10 companies accounting for 26% of revenue in 2024. - Michelin Group led global sales in 2024 with a 7% share, followed by Bridgestone at 6% and Goodyear at 3%. - Other leading names include Continental, Pirelli, Sumitomo Rubber, Hankook, Yokohama, CEAT and Linglong.

What’s next: - The report expects continued gains from smart tire technologies, sustainable manufacturing and materials innovation. - Automakers and tire companies are likely to keep collaborating on tailored vehicle-fit solutions. - Competitive pressure should remain high as companies expand in Asia-Pacific, push fuel-saving designs and invest in production efficiency. - The report’s 2026 edition adds market attractiveness scoring, TAM analysis, company scoring matrices, forecasting dashboards and trend graphics for buyers and investors.

The bottom line: - All-weather touring tires are no longer a niche upgrade. They are part of a broader shift toward tires that do more than carry a vehicle — they help define performance, efficiency and safety in a growing global market.