PUBLISHER: The Business Research Company | PRODUCT CODE: 1931532
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931532
Pneumatic tires are rubber tires filled with air under pressure, commonly used in various vehicles such as forklifts, tractors, and cars. They have strong rubber treads and excellent shock absorption, which help stabilize the vehicle and reduce bumps and jolts.
The main types of pneumatic tires are radial tires and cross-ply tires. Radial tires refer to a type of tire design where the cords are arranged at 90 degrees to the direction of travel, or radially from the center of the tire, and provide greater durability and performance. They are used in several vehicles, such as two-wheelers, four-wheelers, passenger cars, aircraft, and others. The various sales channels include original equipment manufacturer (OEM) and aftermarket.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the pneumatic tire market by increasing costs of imported natural rubber, synthetic rubber, carbon black, and tire manufacturing machinery. Automotive and industrial vehicle segments in North America and Europe are most affected due to reliance on imported raw materials, while Asia-Pacific faces cost pressures on tire exports. These tariffs are increasing production costs and retail prices. However, they are also supporting local tire manufacturing, regional rubber sourcing initiatives, and innovation in alternative rubber compounds.
The pneumatic tire market research report is one of a series of new reports from The Business Research Company that provides pneumatic tire market statistics, including pneumatic tire industry global market size, regional shares, competitors with a pneumatic tire market share, detailed pneumatic tire market segments, market trends and opportunities, and any further data you may need to thrive in the pneumatic tire industry. This pneumatic tire market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pneumatic tire market size has grown strongly in recent years. It will grow from $426.45 billion in 2025 to $461.03 billion in 2026 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to expansion of automotive production volumes, increasing use of forklifts and industrial vehicles, growth of agricultural machinery adoption, rising demand for replacement tires, availability of cost-effective tire manufacturing.
The pneumatic tire market size is expected to see strong growth in the next few years. It will grow to $630.75 billion in 2030 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing demand from electric vehicles, rising focus on low-rolling-resistance tires, expansion of construction and mining equipment usage, growing investments in advanced tire materials, increasing demand for specialty vehicle tires. Major trends in the forecast period include increasing demand for radial tire technologies, rising adoption of high-durability rubber compounds, growing use of pneumatic tires in material handling, expansion of specialized off-the-road tires, enhanced focus on load-bearing performance.
The rising production of automobiles is expected to drive the growth of the pneumatic tire market in the coming years. Automobile production involves the assembly of components to manufacture cars, trucks, and other motor vehicles. Pneumatic tires are essential in modern transportation systems, enabling vehicles to travel over diverse surfaces, including asphalt, concrete, gravel, dirt, and sand. For example, in May 2025, according to the European Automobile Manufacturers' Association (ACEA), a Belgium-based automotive organization, South American car production grew by 1.7% in 2024 compared to 2023, largely driven by Brazil, which saw a 6.3% increase, producing approximately 1.9 million cars. Meanwhile, global bus production reached 362,005 units last year, marking a 10.3% rise from 2023. Therefore, the growth in automobile production is supporting the expansion of the pneumatic tire market.
Major companies operating in the pneumatic tire market are focused on introducing innovative solutions, such as pneumatic single-axle drive tires, to drive their revenues in the market. Pneumatic single-axle drive tires refer to a type of air-filled tire designed to be used in commercial trucks and other heavy-duty vehicles for long-haul trucking and other heavy-duty applications. For instance, in March 2023, The Goodyear Tire & Rubber Company, a US-based tire manufacturing company, launched the Fuel Max 1AD, a type of pneumatic tire specifically designed as a premium single-axle drive tire for use in super-regional trucking jobs. The tire is built with an innovative tread shape and combines features and compounds meant to deliver extended miles to removal. The new Fuel Max 1AD tire has additional features and advantages such as a high-density waffle blade, a hybrid Lug-to-Rib tread pattern, and an innovative new tread composition.
In May 2023, Yokohama Rubber Co. Ltd., a Japan-based tire company, completed the acquisition of Trelleborg Wheel Systems Holding AB for an undisclosed amount. This strategic acquisition aligns with Yokohama Rubber's initiatives to enhance its Off-Highway Tires (OHT) business, a key component of the company's future growth strategy in the commercial tire sector. Trelleborg Wheel Systems Holding AB is a Sweden-based manufacturer of pneumatic tires for agricultural and industrial machinery.
Major companies operating in the pneumatic tire market are Sumitomo Rubber Industries Ltd., Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Company, Hankook Tire Co. Ltd., Pirelli & C.S., The Yokohama Rubber Co. Ltd., Trelleborg AB, CST Tires, Apollo Tires, Cooper Tire & Rubber Company, MRF Tyres, Camso Solideal, JK Tire & Industries Ltd., Nexen Tire Corporation, Nokian Tyres plc, Balkrishna Industries Limited (BKT), TVS Rubber, Kumho Tire Co., Purcell Tire & Rubber Co., Maxam Tire, Mitas Moto, Millennium Tire, Chaoyang Tires LLC
Asia-Pacific was the largest region in the pneumatic tire market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumatic tire market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pneumatic tire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pneumatic tire market also includes sales of standard touring tires, performance tires, racing tires, lawn tires, and garden tires. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pneumatic Tire Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses pneumatic tire market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pneumatic tire ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The pneumatic tire market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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