LAMEA 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: 113 Pages

DELIVERY TIME: 1-2 business days

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The Latin America, Middle East and Africa Racing Tires Market would witness market growth of 7.1% CAGR during the forecast period (2025-2032).

The Brazil market dominated the LAMEA Racing Tires Market, By Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $431 Million by 2032. The Argentina market is showcasing a CAGR of 7.7% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 6.3% during (2025 - 2032).

Sustainability has gradually become a key factor for manufacturers who wish to meet growing consumer demand for environmentally conscious products. The racing tire market is also experiencing a shift toward more digitalized solutions, with manufacturers incorporating data analytics and advanced simulation techniques to develop tire products that are more closely aligned with the real-time performance needs of racing teams.

The racing tire market is characterized by its dynamic evolution, driven by the intense competition in motorsports and the ever-increasing demand for specialized performance in diverse racing disciplines. Tires designed for racing purposes are not just about durability and longevity, but also about optimizing performance in specific conditions such as high-speed circuits, off-road tracks, and wet weather conditions. The racing tire market serves multiple segments, including Formula 1, MotoGP, endurance racing, touring car racing, and other competitive events.

The market in the LAMEA region is gaining significant momentum, driven by the rising popularity of motorsports, expanding automotive culture, and growing investment in sporting infrastructure. Saudi Arabia has hosted the FIA Formula E Championship, an electric vehicle racing series. The Diriyah E-Prix has become a prominent event on the Formula E calendar, attracting international attention and contributing to the growth of motorsports in the region. As per the data from the Government of Saudi Arabia, the Ministry of Sport, alongside the Ministry of Culture and with the contribution of "Formula 1," launched on Wednesday, the 23rd of June 2021, the "Race with Art" contest. In addition, Qatar inaugurated the Lusail International Circuit in 2004, which was recently upgraded in 2023 to accommodate global racing events, including MotoGP and F1. Moreover, Brazil hosts the Superbike Championship, a premier motorcycle racing series featuring high-performance bikes. Brazil is also one of the largest automotive markets in Latin America, with over 2.3 million cars produced in 2023 (ANFAVEA-National Association of Automotive Vehicle Manufacturers). Thus, increasing car racing and motorbike racing events in LAMEA will increase the region's demand for racing tires.

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

LAMEA 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

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 LAMEA Racing Tires Market, by TireType
- 1.4.2 LAMEA Racing Tires Market, by Application
- 1.4.3 LAMEA Racing Tires Market, by Distribution Channel
- 1.4.4 LAMEA 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. LAMEA Racing Tires Market, By Tire Type

5.1 LAMEA Racing Slick Tires Market, By Country
5.2 LAMEA Racing Treaded Tires Market, By Country

Chapter 6. LAMEA Racing Tires Market, By Application

6.1 LAMEA Auto Racing Tires Market, By Country
6.2 LAMEA Motorcycle Racing Tires Market, By Country

Chapter 7. LAMEA Racing Tires Market, By Distribution Channel

7.1 LAMEA Replacement Tires Market, By Country
7.2 LAMEA OEMs Market, By Country

Chapter 8. LAMEA Racing Tires Market, By Country

8.1 Brazil Racing Tires Market
- 8.1.1 Brazil Racing Tires Market, By Tire Type
- 8.1.2 Brazil Racing Tires Market, By Application
- 8.1.3 Brazil Racing Tires Market, By Distribution Channel
8.2 Argentina Racing Tires Market
- 8.2.1 Argentina Racing Tires Market, By Tire Type
- 8.2.2 Argentina Racing Tires Market, By Application
- 8.2.3 Argentina Racing Tires Market, By Distribution Channel
8.3 UAE Racing Tires Market
- 8.3.1 UAE Racing Tires Market, By Tire Type
- 8.3.2 UAE Racing Tires Market, By Application
- 8.3.3 UAE Racing Tires Market, By Distribution Channel
8.4 Saudi Arabia Racing Tires Market
- 8.4.1 Saudi Arabia Racing Tires Market, By Tire Type
- 8.4.2 Saudi Arabia Racing Tires Market, By Application
- 8.4.3 Saudi Arabia Racing Tires Market, By Distribution Channel
8.5 South Africa Racing Tires Market
- 8.5.1 South Africa Racing Tires Market, By Tire Type
- 8.5.2 South Africa Racing Tires Market, By Application
- 8.5.3 South Africa Racing Tires Market, By Distribution Channel
8.6 Nigeria Racing Tires Market
- 8.6.1 Nigeria Racing Tires Market, By Tire Type
- 8.6.2 Nigeria Racing Tires Market, By Application
- 8.6.3 Nigeria Racing Tires Market, By Distribution Channel
8.7 Rest of LAMEA Racing Tires Market
- 8.7.1 Rest of LAMEA Racing Tires Market, By Tire Type
- 8.7.2 Rest of LAMEA Racing Tires Market, By Application
- 8.7.3 Rest of LAMEA 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 LAMEA Racing Tires Market, 2021 - 2024, USD Million
TABLE 2 LAMEA Racing Tires Market, 2025 - 2032, USD Million
TABLE 3 LAMEA Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 4 LAMEA Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 5 LAMEA Racing Slick Tires Market, By Country, 2021 - 2024, USD Million
TABLE 6 LAMEA Racing Slick Tires Market, By Country, 2025 - 2032, USD Million
TABLE 7 LAMEA Racing Treaded Tires Market, By Country, 2021 - 2024, USD Million
TABLE 8 LAMEA Racing Treaded Tires Market, By Country, 2025 - 2032, USD Million
TABLE 9 LAMEA Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 10 LAMEA Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 11 LAMEA Auto Racing Tires Market, By Country, 2021 - 2024, USD Million
TABLE 12 LAMEA Auto Racing Tires Market, By Country, 2025 - 2032, USD Million
TABLE 13 LAMEA Motorcycle Racing Tires Market, By Country, 2021 - 2024, USD Million
TABLE 14 LAMEA Motorcycle Racing Tires Market, By Country, 2025 - 2032, USD Million
TABLE 15 LAMEA Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 16 LAMEA Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 17 LAMEA Replacement Tires Market, By Country, 2021 - 2024, USD Million
TABLE 18 LAMEA Replacement Tires Market, By Country, 2025 - 2032, USD Million
TABLE 19 LAMEA OEMs Market, By Country, 2021 - 2024, USD Million
TABLE 20 LAMEA OEMs Market, By Country, 2025 - 2032, USD Million
TABLE 21 LAMEA Racing Tires Market, By Country, 2021 - 2024, USD Million
TABLE 22 LAMEA Racing Tires Market, By Country, 2025 - 2032, USD Million
TABLE 23 Brazil Racing Tires Market, 2021 - 2024, USD Million
TABLE 24 Brazil Racing Tires Market, 2025 - 2032, USD Million
TABLE 25 Brazil Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 26 Brazil Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 27 Brazil Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 28 Brazil Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 29 Brazil Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 30 Brazil Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 31 Argentina Racing Tires Market, 2021 - 2024, USD Million
TABLE 32 Argentina Racing Tires Market, 2025 - 2032, USD Million
TABLE 33 Argentina Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 34 Argentina Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 35 Argentina Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 36 Argentina Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 37 Argentina Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 38 Argentina Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 39 UAE Racing Tires Market, 2021 - 2024, USD Million
TABLE 40 UAE Racing Tires Market, 2025 - 2032, USD Million
TABLE 41 UAE Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 42 UAE Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 43 UAE Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 44 UAE Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 45 UAE Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 46 UAE Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 47 Saudi Arabia Racing Tires Market, 2021 - 2024, USD Million
TABLE 48 Saudi Arabia Racing Tires Market, 2025 - 2032, USD Million
TABLE 49 Saudi Arabia Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 50 Saudi Arabia Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 51 Saudi Arabia Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 52 Saudi Arabia Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 53 Saudi Arabia Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 54 Saudi Arabia Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 55 South Africa Racing Tires Market, 2021 - 2024, USD Million
TABLE 56 South Africa Racing Tires Market, 2025 - 2032, USD Million
TABLE 57 South Africa Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 58 South Africa Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 59 South Africa Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 60 South Africa Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 61 South Africa Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 62 South Africa Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 63 Nigeria Racing Tires Market, 2021 - 2024, USD Million
TABLE 64 Nigeria Racing Tires Market, 2025 - 2032, USD Million
TABLE 65 Nigeria Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 66 Nigeria Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 67 Nigeria Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 68 Nigeria Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 69 Nigeria Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 70 Nigeria Racing Tires Market, By Distribution Channel, 2025 - 2032, USD Million
TABLE 71 Rest of LAMEA Racing Tires Market, 2021 - 2024, USD Million
TABLE 72 Rest of LAMEA Racing Tires Market, 2025 - 2032, USD Million
TABLE 73 Rest of LAMEA Racing Tires Market, By Tire Type, 2021 - 2024, USD Million
TABLE 74 Rest of LAMEA Racing Tires Market, By Tire Type, 2025 - 2032, USD Million
TABLE 75 Rest of LAMEA Racing Tires Market, By Application, 2021 - 2024, USD Million
TABLE 76 Rest of LAMEA Racing Tires Market, By Application, 2025 - 2032, USD Million
TABLE 77 Rest of LAMEA Racing Tires Market, By Distribution Channel, 2021 - 2024, USD Million
TABLE 78 Rest of LAMEA 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 LAMEA 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 LAMEA Racing Tires Market share, By Tire Type, 2024
FIG 6 LAMEA Racing Tires Market share, By Tire Type, 2032
FIG 7 LAMEA Racing Tires Market, By Tire Type, 2021 - 2032, USD Million
FIG 8 LAMEA Racing Tires Market share, By Application, 2024
FIG 9 LAMEA Racing Tires Market share, By Application, 2032
FIG 10 LAMEA Racing Tires Market, By Application, 2021 - 2032, USD Million
FIG 11 LAMEA Racing Tires Market share, By Distribution Channel, 2024
FIG 12 LAMEA Racing Tires Market share, By Distribution Channel, 2032
FIG 13 LAMEA Racing Tires Market, By Distribution Channel, 2021 - 2032, USD Million
FIG 14 LAMEA Racing Tires Market share, By Country, 2024
FIG 15 LAMEA Racing Tires Market share, By Country, 2032
FIG 16 LAMEA 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