PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927703
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927703
The Advanced Tires Market size was valued at US$ 1,102.5 Million in 2024, expanding at a CAGR of 13.09% from 2025 to 2032.
The Advanced Tires Market includes next-generation tire solutions that incorporate smart materials, embedded sensors, advanced tread compounds, and sustainable manufacturing technologies to improve vehicle safety, efficiency, and performance. The growing popularity of electric and self-driving vehicles necessitates tires that can handle more torque, produce less noise, and last longer. One notable trend is the incorporation of intelligent tire monitoring systems that provide real-time data on pressure, temperature, and wear, thereby supporting predictive maintenance and connected mobility. At the same time, the growing emphasis on sustainability presents a significant opportunity, with manufacturers developing airless, recyclable, and low-rolling-resistance tires to meet tightening environmental regulations and shifting consumer preferences for greener mobility solutions. However, the market faces an obstacle in the form of high development and manufacturing costs, as advanced materials and sensor integration raise overall tire prices.
Advanced Tires Market- Market Dynamics
The Impact of Increased Automobile Production on the Growth of the Advanced Tire Market
Increased automobile production is expected to drive the growth of the advanced tires market in the coming years. Automobile production is the process of manufacturing vehicles such as cars, trucks, buses, and other types of motor vehicles in large-scale industrial facilities. Automobile production is increasing due to rising disposable incomes, changing consumer preferences, autonomous driving capabilities, and personal mobility. Advanced tires improve vehicle performance, safety, efficiency, and customer satisfaction, allowing manufacturers to create high-quality, dependable, and environmentally friendly vehicles that meet today's market demands and regulatory requirements. For instance, according to the European Automobile Manufacturers Association, a professional organization based in Belgium, the total number of passenger vehicles produced increased by 8.3% in May 2023, from 10.1 million in 2021 to 10.9 million in 2022. As a result, increased automobile production fuels the growth of the advanced tire industry.
The worldwide market is segmented on the basis of Tire Type, Material, Technology, Size, Vehicle Type, and Region.
Based on Vehicle Type, the Light-duty Vehicle segment in the Advanced Tyres Market report is expected to grow significantly in the market. This is due to factors such as rising demand for luxury vehicles and connected car technologies. Because of their personal use and high convenience factor, LDVs install more advanced tyres than HDVs. Advanced tyres, such as pneumatic tyres, are widely used on light-duty vehicles due to their high durability and superior grip and vehicle movement performance. Additionally, high-end SUVs are driving demand for advanced tyres because they are expected to be among the first to use them. According to a report released in October 2021 by the United States Department of Energy, the global light-duty vehicle market is 1.31 billion units. This abundant supply and rising demand would bolster the light-duty vehicle segment, thereby benefiting the Advanced Tyres Industry.
Based on Material, the rubber segment in the Advanced Tires Market report is a popular material, primarily synthetic rubber. This segment's growth is attributed to rising automobile demand, synthetic rubber tires' superior abrasion and heat resistance, and their widespread application across various industry verticals such as automotive, industrial, and others. Synthetic rubbers, as artificial elastomers, have higher toughness, elasticity, and flexibility, which influences their adoption in the Advanced Tires Market. Synthos SA announced in May 2021 that it had reached an agreement with Trinseo to acquire its synthetic rubber operations in Schkopau, Germany. This US$460 million acquisition would further boost the synthetic rubber segment, thereby increasing the Advanced Tyres Market size.
Advanced Tires Market- Geographical Insights
North America remains a significant market for advanced tires, owing to its mature automotive industry and strong emphasis on innovation. The region is experiencing strong demand for high-performance and sustainable tire solutions, owing to stringent regulatory standards and rising consumer awareness. The presence of leading tire manufacturers, as well as their ongoing R&D investments, are driving the development and adoption of advanced tire technologies. Furthermore, the increasing adoption of electric and self-driving vehicles in North America creates a lucrative opportunity for advanced tires, particularly those designed to improve vehicle efficiency and safety.
United States Advanced Tires Market- Country Insights
The advanced tire market in the United States is being fueled by an expanding automotive industry and rising vehicle ownership, particularly among passenger cars and light trucks. Strong economic conditions and higher disposable incomes encourage consumers to invest more in vehicle maintenance and safety, resulting in consistent demand for advanced replacement tires. Similarly, the rapid growth of e-commerce and logistics has increased the demand for high-performance commercial and fleet tires for trucks and delivery vans, where durability and uptime are critical. The growing popularity of electric vehicles (EVs) is further shaping the market, as manufacturers focus on low-rolling-resistance and high-durability tire designs to improve energy efficiency and driving range. For example, in July 2023, Doran Manufacturing partnered with Samsara to integrate real-time tire pressure and temperature monitoring into the Samsara dashboard, allowing fleet operators to improve vehicle safety, reduce downtime, and optimize operational efficiency, reinforcing the shift toward smart and connected tire solutions in the US market.
The advanced tire market is competitive, with several global and regional players vying for market share through innovation, strategic partnerships, and expansion initiatives. Leading companies are making significant investments in R&D to introduce cutting-edge technologies and materials that improve tire performance, durability, and sustainability. The market is consolidating, with major players acquiring smaller firms to increase their technological capabilities and geographic reach. This competitive environment fosters an innovative culture, driving the development of new and improved tire solutions to meet changing consumer and regulatory demands. Michelin, Bridgestone, Goodyear, Continental AG, and Pirelli are among the leading players in the advanced tire market. These companies have established a strong market presence thanks to their diverse product offerings and robust distribution networks.
In May 2025, Michelin India has partnered with Global Tyres to open its first Michelin Tyres & Services store in Kochi. This new store, located in Palarivattom, Ernakulam, was established in collaboration with Global Tyres, a well-known name in Kerala's automotive service industry. The store, which measures approximately 5500 square feet, is outfitted with cutting-edge Technologyto provide a full range of tire-related services under one roof.
In June 2024, Goodyear Tire & Rubber Company has announced the launch of a worry-free tires-as-a-service program. This subscription-based solution combines the company's premium tires, proven predictive insights, and industry-leading service footprint in a single integrated package.