Pneumatic Tire Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Pneumatic Tire Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Pneumatic Tire Market Size (2025E): US$ 377.9 Bn
Projected Market Value (2032F): US$ 517.8 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 4.6%

Pneumatic Tire Market - Report Scope:

The pneumatic tire market covers air-filled tires used across various vehicles, including two-wheelers, passenger cars, and commercial vehicles. These tires are essential for providing traction, absorbing shock, and enhancing vehicle performance and safety. With the ongoing growth in automotive production, rising urbanization, and expansion of transport infrastructure globally, the demand for pneumatic tires is accelerating. Innovations in tire manufacturing, such as smart tires and the integration of eco-friendly materials, are reshaping market dynamics and broadening applications across both OEM and aftermarket segments.

Market Growth Drivers:

The global pneumatic tire market is experiencing strong growth, fueled by increasing vehicle production and rising global mobility demand. Rapid urbanization and expanding middle-class populations, particularly in emerging economies, have led to a surge in automobile sales, driving tire demand. The replacement tire segment is also witnessing consistent growth, as consumers prioritize safety and performance. Furthermore, advancements in tire technology, including improved tread designs, fuel-efficient materials, and smart tire monitoring systems, are enhancing the appeal of pneumatic tires. Government initiatives supporting road safety and emissions reduction further encourage the adoption of premium, durable tire solutions.

Market Restraints:

Despite its expansion, the pneumatic tire market faces notable challenges. Fluctuating raw material costs, especially rubber and petroleum-based components, affect profit margins for manufacturers. Environmental concerns regarding tire waste and carbon emissions from tire production processes are prompting regulatory scrutiny, which could hinder growth in certain regions. Additionally, competition from solid and airless tire alternatives in specific industrial and off-road applications may marginally limit the demand for traditional pneumatic tires. Global economic uncertainties and supply chain disruptions, particularly in post-pandemic scenarios, also pose risks to consistent market expansion.

Market Opportunities:

The market presents several promising opportunities, particularly in the development of sustainable and eco-friendly tire solutions. The increasing focus on green mobility and the rise of electric vehicles (EVs) are opening new avenues for specialized tire designs tailored for EV performance needs. Emerging markets in Asia Pacific, South Asia, and Latin America offer immense potential, driven by infrastructure growth and rising vehicle ownership rates. Additionally, the growing trend of smart mobility is encouraging innovations in connected tire technologies, which provide real-time data on pressure, temperature, and wear, enhancing vehicle safety and efficiency. Strategic collaborations with automotive OEMs and investment in research and development are expected to further propel market growth.

Key Questions Answered in the Report:

What are the primary factors driving the global pneumatic tire market's growth?
Which regions and vehicle segments are seeing the highest demand for pneumatic tires?
How are innovations in materials and smart tire technology shaping market trends?
Who are the key players in the pneumatic tire market, and what strategies are they implementing to remain competitive?
What are the emerging trends and future outlook for the global pneumatic tire market?

Competitive Intelligence and Business Strategy:

Leading companies in the pneumatic tire market are focused on enhancing tire durability, fuel efficiency, and environmental performance. Manufacturers such as Michelin, Bridgestone, Continental AG, and Pirelli are heavily investing in research and innovation to develop advanced tire technologies, including low rolling resistance and connected tire systems. Expansion into emerging markets through local manufacturing and distribution partnerships is a key strategy. Furthermore, sustainability remains a central focus, with many companies increasing the use of recyclable materials and developing carbon-neutral manufacturing processes to align with global environmental goals.

Companies Covered in This Report:

Continental AG
Michelin
Yokohama
Pirelli & C. S.p.A
Cooper Tire & Rubber Company
Bridgestone
Hankook Tire
Sumitomo Rubber Industries
Kumho Tire Co. Inc.

Market Segmentation:

By Product:

Radial
Cross-ply

By Vehicles:

2-Wheelers
4-Wheelers

By Sales:

OEM
Replacement

By Region:

North America
Europe
Asia Pacific
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP35268

1. Executive Summary

1.1. Global Pneumatic Tire Market Snapshot, 2025-2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Regulatory Landscape
3.2. Pipeline Analysis
3.3. Product Adoption Analysis
3.4. Value Chain Analysis
3.5. Key Promotional Strategies by Manufacturers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis

4. Global Pneumatic Tire Market Outlook:

4.1. Key Highlights
- 4.1.1. Market Size (US$ Bn) and Y-o-Y Growth
- 4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2024
- 4.2.2. Market Size (US$ Bn) Analysis and Forecast, 2025-2032
4.3. Global Pneumatic Tire Market Outlook: Product
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) Analysis, By Product, 2019-2024
- 4.3.3. Market Size (US$ Bn) Analysis and Forecast, By Product, 2025-2032
  - 4.3.3.1. Radial
  - 4.3.3.2. Cross-ply
- 4.3.4. Market Attractiveness Analysis: Product
4.4. Global Pneumatic Tire Market Outlook: Vehicles
- 4.4.1. Introduction / Key Findings
- 4.4.2. Historical Market Size (US$ Bn) Analysis, By Vehicles, 2019-2024
- 4.4.3. Market Size (US$ Bn) Analysis and Forecast, By Vehicles, 2025-2032
  - 4.4.3.1. 2-Wheelers
  - 4.4.3.2. 4-Wheelers
- 4.4.4. Market Attractiveness Analysis: Vehicles
4.5. Global Pneumatic Tire Market Outlook: Sales
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) Analysis, By Sales, 2019-2024
- 4.5.3. Market Size (US$ Bn) Analysis and Forecast, By Sales, 2025-2032
  - 4.5.3.1. OEM
  - 4.5.3.2. Replacement
- 4.5.4. Market Attractiveness Analysis: Sales

5. Global Pneumatic Tire Market Outlook: Region

5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019-2024
5.3. Market Size (US$ Bn) Analysis and Forecast, By Region, 2025-2032
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region

6. North America Pneumatic Tire Market Outlook:

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 6.2.1. By Country
- 6.2.2. By Product
- 6.2.3. By Vehicles
- 6.2.4. By Sales
6.3. Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 6.3.1. U.S.
- 6.3.2. Canada
6.4. Market Size (US$ Bn) Analysis and Forecast, By Product, 2025-2032
- 6.4.1. Radial
- 6.4.2. Cross-ply
6.5. Market Size (US$ Bn) Analysis and Forecast, By Vehicles, 2025-2032
- 6.5.1. 2-Wheelers
- 6.5.2. 4-Wheelers
6.6. Market Size (US$ Bn) Analysis and Forecast, By Sales, 2025-2032
- 6.6.1. OEM
- 6.6.2. Replacement
6.7. Market Attractiveness Analysis

7. Europe Pneumatic Tire Market Outlook:

7.1. Key Highlights
7.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 7.2.1. By Country
- 7.2.2. By Product
- 7.2.3. By Vehicles
- 7.2.4. By Sales
7.3. Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 7.3.1. Germany
- 7.3.2. France
- 7.3.3. U.K.
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Turkey
- 7.3.8. Rest of Europe
7.4. Market Size (US$ Bn) Analysis and Forecast, By Product, 2025-2032
- 7.4.1. Radial
- 7.4.2. Cross-ply
7.5. Market Size (US$ Bn) Analysis and Forecast, By Vehicles, 2025-2032
- 7.5.1. 2-Wheelers
- 7.5.2. 4-Wheelers
7.6. Market Size (US$ Bn) Analysis and Forecast, By Sales, 2025-2032
- 7.6.1. OEM
- 7.6.2. Replacement
7.7. Market Attractiveness Analysis

8. East Asia Pneumatic Tire Market Outlook:

8.1. Key Highlights
8.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 8.2.1. By Country
- 8.2.2. By Product
- 8.2.3. By Vehicles
- 8.2.4. By Sales
8.3. Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
8.4. Market Size (US$ Bn) Analysis and Forecast, By Product, 2025-2032
- 8.4.1. Radial
- 8.4.2. Cross-ply
8.5. Market Size (US$ Bn) Analysis and Forecast, By Vehicles, 2025-2032
- 8.5.1. 2-Wheelers
- 8.5.2. 4-Wheelers
8.6. Market Size (US$ Bn) Analysis and Forecast, By Sales, 2025-2032
- 8.6.1. OEM
- 8.6.2. Replacement
8.7. Market Attractiveness Analysis

9. South Asia & Oceania Pneumatic Tire Market Outlook:

9.1. Key Highlights
9.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 9.2.1. By Country
- 9.2.2. By Product
- 9.2.3. By Vehicles
- 9.2.4. By Sales
9.3. Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 9.3.1. India
- 9.3.2. Southeast Asia
- 9.3.3. ANZ
- 9.3.4. Rest of South Asia & Oceania
9.4. Market Size (US$ Bn) Analysis and Forecast, By Product, 2025-2032
- 9.4.1. Radial
- 9.4.2. Cross-ply
9.5. Market Size (US$ Bn) Analysis and Forecast, By Vehicles, 2025-2032
- 9.5.1. 2-Wheelers
- 9.5.2. 4-Wheelers
9.6. Market Size (US$ Bn) Analysis and Forecast, By Sales, 2025-2032
- 9.6.1. OEM
- 9.6.2. Replacement
9.7. Market Attractiveness Analysis

10. Latin America Pneumatic Tire Market Outlook:

10.1. Key Highlights
10.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 10.2.1. By Country
- 10.2.2. By Product
- 10.2.3. By Vehicles
- 10.2.4. By Sales
10.3. Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 10.3.1. Brazil
- 10.3.2. Mexico
- 10.3.3. Rest of Latin America
10.4. Market Size (US$ Bn) Analysis and Forecast, By Product, 2025-2032
- 10.4.1. Radial
- 10.4.2. Cross-ply
10.5. Market Size (US$ Bn) Analysis and Forecast, By Vehicles, 2025-2032
- 10.5.1. 2-Wheelers
- 10.5.2. 4-Wheelers
10.6. Market Size (US$ Bn) Analysis and Forecast, By Sales, 2025-2032
- 10.6.1. OEM
- 10.6.2. Replacement
10.7. Market Attractiveness Analysis

11. Middle East & Africa Pneumatic Tire Market Outlook:

11.1. Key Highlights
11.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 11.2.1. By Country
- 11.2.2. By Product
- 11.2.3. By Vehicles
- 11.2.4. By Sales
11.3. Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 11.3.1. GCC Countries
- 11.3.2. Egypt
- 11.3.3. South Africa
- 11.3.4. Northern Africa
- 11.3.5. Rest of Middle East & Africa
11.4. Market Size (US$ Bn) Analysis and Forecast, By Product, 2025-2032
- 11.4.1. Radial
- 11.4.2. Cross-ply
11.5. Market Size (US$ Bn) Analysis and Forecast, By Vehicles, 2025-2032
- 11.5.1. 2-Wheelers
- 11.5.2. 4-Wheelers
11.6. Market Size (US$ Bn) Analysis and Forecast, By Sales, 2025-2032
- 11.6.1. OEM
- 11.6.2. Replacement
11.7. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2025
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. Continental AG
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Products
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Michelin
- 12.3.3. Yokohama
- 12.3.4. Pirelli & C. S.p.A
- 12.3.5. Cooper Tire & Rubber Company
- 12.3.6. Bridgestone
- 12.3.7. Hankook Tire
- 12.3.8. Sumitomo Rubber Industries
- 12.3.9. Kumho Tire Co. Inc.

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations

Pneumatic Tire Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032