Asia Pacific Racing Tires Market Size, Share & Industry Analysis Report By Tire Type (Racing Slick Tires and Racing Treaded Tires), By Application, By Distribution Channel, By Country and Growth Forecast, 2025 - 2032

PUBLISHED: May 20, 2025

PAGES: 112 Pages

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The Asia Pacific Racing Tires Market would witness market growth of 6.7% CAGR during the forecast period (2025-2032).

The China market dominated the Asia Pacific Racing Tires Market, By Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $1,117.5 Million by 2032. The Japan market is registering a CAGR of 6.1% during (2025 - 2032). Additionally, The India market would showcase a CAGR of 7.5% during (2025 - 2032).

Racing tires are engineered to meet the needs of high-performance racing cars, with manufacturers focusing on providing tires that offer maximum grip while ensuring durability during intense racing conditions. These tires undergo rigorous testing, including high-speed runs, hot laps, and extended stints, ensuring that they can handle the extreme forces generated during racing. Additionally, the high-performance nature of racing tires often requires a tailored approach, as tire compounds and tread designs vary depending on the specific type of race, track surface, and weather conditions.

The demand for high-quality racing tires has thus become integral to the success of racing teams, as tire performance directly influences race outcomes. While the focus on performance remains a priority, manufacturers have also placed emphasis on environmental sustainability. As environmental concerns grow, there is a noticeable shift toward producing more eco-friendly racing tires. Innovations such as tire recycling programs, biodegradable materials, and reducing the carbon footprint during manufacturing have become important aspects of the industry's focus.

The Asia Pacific region is rapidly emerging as a dynamic hub for motorsports, fueled by economic growth, youthful consumer demographics, expanding automotive industries, and increasing government and private sector investments in racing infrastructure. Formerly known as V8 Supercars, the Supercars Championship is one of Australia's most popular motorsport series. It features touring cars from manufacturers such as Ford and Holden (now General Motors Special Vehicles), and the competition occurs on various tracks across the country. China has launched domestic racing series such as the China Touring Car Championship (CTCC) and the China GT Championship. Expanding EV Racing: Involvement in electric racing formats like Formula E in cities like Shanghai and Sanya boosts high-tech tire demand. In addition, motorsports in India have been steadily gaining popularity, with an increasing number of car racing events and a growing fan base. India has various national-level racing championships, such as the National Racing Championship (NRC), which includes categories like Formula 4, Touring Cars, and One-Make Series. Thus, the rising motorcar sports in the Asia Pacific will boost the demand for racing tires in the region.

Based on Tire Type, the market is segmented into Racing Slick Tires and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires and OEMs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

Bridgestone Corporation
Maxxis International USA (Cheng Shin Rubber Industry Co.)
Nexen Tire
Zhongce Rubber Group Co., Limited
The Yokohama Rubber Co., Ltd.
The Goodyear Tire & Rubber Company
Hankook Tire & Technology
Michelin
Pirelli & C. S.p.A.
Continental AG

Asia Pacific Racing Tires Market Report Segmentation

By Tire Type

Racing Slick Tires
Racing Treaded Tires

By Application

Auto Racing Tires
Motorcycle Racing Tires

By Distribution Channel

Replacement Tires
OEMs

By Country

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Racing Tires Market, by TireType
- 1.4.2 Asia Pacific Racing Tires Market, by Application
- 1.4.3 Asia Pacific Racing Tires Market, by Distribution Channel
- 1.4.4 Asia Pacific Racing Tires Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Strategies Deployed in Racing Tires Market

Chapter 5. Asia Pacific Racing Tires Market, By Tire Type

5.1 Asia Pacific Racing Slick Tires Market, By Country
5.2 Asia Pacific Racing Treaded Tires Market, By Country

Chapter 6. Asia Pacific Racing Tires Market, By Application

6.1 Asia Pacific Auto Racing Tires Market, By Country
6.2 Asia Pacific Motorcycle Racing Tires Market, By Country

Chapter 7. Asia Pacific Racing Tires Market, By Distribution Channel

7.1 Asia Pacific Replacement Tires Market, By Country
7.2 Asia Pacific OEMs Market, By Country

Chapter 8. Asia Pacific Racing Tires Market, By Country

8.1 China Racing Tires Market
- 8.1.1 China Racing Tires Market, By Tire Type
- 8.1.2 China Racing Tires Market, By Application
- 8.1.3 China Racing Tires Market, By Distribution Channel
8.2 Japan Racing Tires Market
- 8.2.1 Japan Racing Tires Market, By Tire Type
- 8.2.2 Japan Racing Tires Market, By Application
- 8.2.3 Japan Racing Tires Market, By Distribution Channel
8.3 India Racing Tires Market
- 8.3.1 India Racing Tires Market, By Tire Type
- 8.3.2 India Racing Tires Market, By Application
- 8.3.3 India Racing Tires Market, By Distribution Channel
8.4 South Korea Racing Tires Market
- 8.4.1 South Korea Racing Tires Market, By Tire Type
- 8.4.2 South Korea Racing Tires Market, By Application
- 8.4.3 South Korea Racing Tires Market, By Distribution Channel
8.5 Singapore Racing Tires Market
- 8.5.1 Singapore Racing Tires Market, By Tire Type
- 8.5.2 Singapore Racing Tires Market, By Application
- 8.5.3 Singapore Racing Tires Market, By Distribution Channel
8.6 Malaysia Racing Tires Market
- 8.6.1 Malaysia Racing Tires Market, By Tire Type
- 8.6.2 Malaysia Racing Tires Market, By Application
- 8.6.3 Malaysia Racing Tires Market, By Distribution Channel
8.7 Rest of Asia Pacific Racing Tires Market
- 8.7.1 Rest of Asia Pacific Racing Tires Market, By Tire Type
- 8.7.2 Rest of Asia Pacific Racing Tires Market, By Application
- 8.7.3 Rest of Asia Pacific Racing Tires Market, By Distribution Channel

Chapter 9. Company Profiles

9.1 Bridgestone Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
  - 9.1.4.1 Product Launches and Product Expansions:
- 9.1.5 SWOT Analysis
9.2 Maxxis International-USA (Cheng Shin Rubber Industry Co.)
- 9.2.1 Company Overview
- 9.2.2 Recent strategies and developments:
  - 9.2.2.1 Partnerships, Collaborations, and Agreements:
- 9.2.3 SWOT Analysis
9.3 Nexen Tire
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 SWOT Analysis
9.4 Zhongce Rubber Group Co., Limited
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
9.5 The Yokohama Rubber Co., Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
  - 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
9.6 The Goodyear Tire & Rubber Company
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Recent strategies and developments:
  - 9.6.4.1 Product Launches and Product Expansions:
- 9.6.5 SWOT Analysis
9.7 Hankook Tire & Technology
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional Analysis
- 9.7.4 Recent strategies and developments:
  - 9.7.4.1 Product Launches and Product Expansions:
- 9.7.5 SWOT Analysis
9.8 Michelin
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental Analysis
- 9.8.4 Recent strategies and developments:
  - 9.8.4.1 Partnerships, Collaborations, and Agreements:
  - 9.8.4.2 Product Launches and Product Expansions:
- 9.8.5 SWOT Analysis
9.9 Pirelli & C. S.p.A.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 Recent strategies and developments:
  - 9.9.4.1 Product Launches and Product Expansions:
- 9.9.5 SWOT Analysis
9.10. Continental AG
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
  - 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis

LIST OF TABLES

TABLE 1 Asia Pacific Racing Tires Market, 2021 - 2024, USD Million
TABLE 2 Asia Pacific Racing Tires Market, 2025 - 2032, USD Million
TABLE 3 Asia Pacific Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 4 Asia Pacific Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 5 Asia Pacific Racing Slick Tires Market, By Country, 2021 - 2024, USD Million
TABLE 6 Asia Pacific Racing Slick Tires Market, By Country, 2025 - 2032, USD Million
TABLE 7 Asia Pacific Racing Treaded Tires Market, By Country, 2021 - 2024, USD Million
TABLE 8 Asia Pacific Racing Treaded Tires Market, By Country, 2025 - 2032, USD Million
TABLE 9 Asia Pacific Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 10 Asia Pacific Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 11 Asia Pacific Auto Racing Tires Market, By Country, 2021 - 2024, USD Million
TABLE 12 Asia Pacific Auto Racing Tires Market, By Country, 2025 - 2032, USD Million
TABLE 13 Asia Pacific Motorcycle Racing Tires Market, By Country, 2021 - 2024, USD Million
TABLE 14 Asia Pacific Motorcycle Racing Tires Market, By Country, 2025 - 2032, USD Million
TABLE 15 Asia Pacific Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 16 Asia Pacific Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 17 Asia Pacific Replacement Tires Market, By Country, 2021 - 2024, USD Million
TABLE 18 Asia Pacific Replacement Tires Market, By Country, 2025 - 2032, USD Million
TABLE 19 Asia Pacific OEMs Market, By Country, 2021 - 2024, USD Million
TABLE 20 Asia Pacific OEMs Market, By Country, 2025 - 2032, USD Million
TABLE 21 Asia Pacific Racing Tires Market, By Country, 2021 - 2024, USD Million
TABLE 22 Asia Pacific Racing Tires Market, By Country, 2025 - 2032, USD Million
TABLE 23 China Racing Tires Market, 2021 - 2024, USD Million
TABLE 24 China Racing Tires Market, 2025 - 2032, USD Million
TABLE 25 China Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 26 China Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 27 China Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 28 China Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 29 China Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 30 China Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 31 Japan Racing Tires Market, 2021 - 2024, USD Million
TABLE 32 Japan Racing Tires Market, 2025 - 2032, USD Million
TABLE 33 Japan Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 34 Japan Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 35 Japan Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 36 Japan Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 37 Japan Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 38 Japan Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 39 India Racing Tires Market, 2021 - 2024, USD Million
TABLE 40 India Racing Tires Market, 2025 - 2032, USD Million
TABLE 41 India Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 42 India Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 43 India Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 44 India Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 45 India Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 46 India Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 47 South Korea Racing Tires Market, 2021 - 2024, USD Million
TABLE 48 South Korea Racing Tires Market, 2025 - 2032, USD Million
TABLE 49 South Korea Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 50 South Korea Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 51 South Korea Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 52 South Korea Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 53 South Korea Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 54 South Korea Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 55 Singapore Racing Tires Market, 2021 - 2024, USD Million
TABLE 56 Singapore Racing Tires Market, 2025 - 2032, USD Million
TABLE 57 Singapore Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 58 Singapore Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 59 Singapore Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 60 Singapore Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 61 Singapore Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 62 Singapore Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 63 Malaysia Racing Tires Market, 2021 - 2024, USD Million
TABLE 64 Malaysia Racing Tires Market, 2025 - 2032, USD Million
TABLE 65 Malaysia Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 66 Malaysia Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 67 Malaysia Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 68 Malaysia Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 69 Malaysia Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 70 Malaysia Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 71 Rest of Asia Pacific Racing Tires Market, 2021 - 2024, USD Million
TABLE 72 Rest of Asia Pacific Racing Tires Market, 2025 - 2032, USD Million
TABLE 73 Rest of Asia Pacific Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 74 Rest of Asia Pacific Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 75 Rest of Asia Pacific Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 76 Rest of Asia Pacific Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 77 Rest of Asia Pacific Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 78 Rest of Asia Pacific Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 79 Key Information - Bridgestone Corporation
TABLE 80 Key Information - Maxxis International-USA
TABLE 81 Key Information - Nexen Tire
TABLE 82 Key Information - Zhongce Rubber Group Co., Limited
TABLE 83 Key Information - The Yokohama Rubber Co., Ltd.
TABLE 84 Key Information - The Goodyear Tire & Rubber Company
TABLE 85 Key Information - Hankook Tire & Technology
TABLE 86 Key Information - Michelin
TABLE 87 Key Information - Pirelli & C. S.p.A.
TABLE 88 Key Information - Continental AG

LIST OF FIGURES

FIG 1 Methodology for the research
FIG 2 Asia Pacific Racing Tires Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting Racing Tires Market
FIG 4 Porter's Five Forces Analysis - Racing Tires Market
FIG 5 Asia Pacific Racing Tires Market share, By Tire Type, 2024
FIG 6 Asia Pacific Racing Tires Market share, By Tire Type, 2032
FIG 7 Asia Pacific Racing Tires Market, By Tire Type, 2021 - 2032, USD Million
FIG 8 Asia Pacific Racing Tires Market share, By Application, 2024
FIG 9 Asia Pacific Racing Tires Market share, By Application, 2032
FIG 10 Asia Pacific Racing Tires Market, By Application, 2021 - 2032, USD Million
FIG 11 Asia Pacific Racing Tires Market share, By Distribution Channel, 2024
FIG 12 Asia Pacific Racing Tires Market share, By Distribution Channel, 2032
FIG 13 Asia Pacific Racing Tires Market, By Distribution Channel, 2021 - 2032, USD Million
FIG 14 Asia Pacific Racing Tires Market share, By Country, 2024
FIG 15 Asia Pacific Racing Tires Market share, By Country, 2032
FIG 16 Asia Pacific Racing Tires Market, By Country, 2021 - 2032, USD Million
FIG 17 SWOT Analysis: Bridgestone Corporation
FIG 18 SWOT Analysis: Maxxis International USA
FIG 19 SWOT Analysis: Nexen Tire
FIG 20 SWOT Analysis: Zhongce Rubber Group Co., Limited
FIG 21 SWOT Analysis: The Yokohama Rubber Co., Ltd.
FIG 22 SWOT Analysis: The Goodyear Tire & Rubber Company
FIG 23 SWOT Analysis: Hankook Tire & Technology
FIG 24 Recent strategies and developments: Michelin
FIG 25 SWOT Analysis: Michelin
FIG 26 SWOT Analysis: Pirelli & C. S.p.A.
FIG 27 SWOT Analysis: Continental AG