Tire Retail Market, By Vehicle Type, By Tire Type, By Distribution Channel, By Geography

Description

Global Tire Retail Market is estimated to be valued at USD 224.52 Bn in 2025 and is expected to reach USD 309.66 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 224.52 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	4.70%	2032 Value Projection:	USD 309.66 Bn

Quality tires are important to ensure vehicle safety, performance, and fuel efficiency. The tire retail market includes different tire types including passenger car tires, light truck tires, heavy truck tires, and specialty tires. With the rising number of vehicles on the road and the growing emphasis on vehicle maintenance, the tire retail market is expected to continue its upward trajectory in the coming years.

Market Dynamics:

The number of vehicles on the road is increasing by the day, partly fueled by rising disposable incomes and also by urbanization. As more people own vehicles, the demand for tires, both for new vehicles and replacements, continues to grow. Also, vehicle safety has become a big concern, and governments have also put in place strict safety regulations as well. This is leading to more frequent tire replacements, adding to market growth. However, ride-sharing services are stopping people from buying personal vehicles, which can impact the demand for tires. Fluctuating raw material prices and the presence of counterfeit products also pose challenges that market players need to tackle. Nevertheless, the emergence of online tire retail platforms and the increasing popularity of tire subscription services are great opportunities that market players should explore.

Key Features of the Study:

This report provides in-depth analysis of the global tire retail market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global tire retail market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Industries, Hankook, Pirelli, Yokohama Rubber Company, Zhongce Rubber, Cheng Shin Rubber, Toyo Tires, Linglong Tire, Sailun Group, Apollo Tyres, and MRF Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global tire retail market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tire retail market

Market Segmentation

Vehicle Type Insights (Revenue, USD Bn, 2020 - 2032)
- Passenger Vehicles
- Commercial Vehicles
- Two-Wheelers
- Off-the-Road (OTR) Vehicles
Tire Type Insights (Revenue, USD Bn, 2020 - 2032)
- Radial Tires
- Bias Tires
Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
- Offline
- Online
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Michelin
- Bridgestone
- Goodyear
- Continental
- Sumitomo Rubber Industries
- Hankook
- Pirelli
- Yokohama Rubber Company
- Zhongce Rubber
- Cheng Shin Rubber
- Toyo Tires
- Linglong Tire
- Sailun Group
- Apollo Tyres
- MRF Ltd.

Product Code: CMI7997

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Tire Retail Market, By Vehicle Type
- Global Tire Retail Market, By Tire Type
- Global Tire Retail Market, By Distribution Channel
- Global Tire Retail Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Tire Retail Market, By Vehicle Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Passenger Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Two-Wheelers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Off-the-Road (OTR) Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Tire Retail Market, By Tire Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Radial Tires
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Bias Tires
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Tire Retail Market, By Distribution Channel, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Offline
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

7. Global Tire Retail Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Tire Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Tire Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Tire Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Tire Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Tire Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Tire Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Michelin
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Bridgestone
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Goodyear
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Continental
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sumitomo Rubber Industries
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hankook
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Pirelli
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Yokohama Rubber Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Zhongce Rubber
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cheng Shin Rubber
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Toyo Tires
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Linglong Tire
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sailun Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Apollo Tyres
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
MRF Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
About us