Passenger Car Tire Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type, By Demand Category, By Region & Competition, 2021-2031F

Description

The Global Passenger Car Tire Market will grow from 1406.01 Million Units in 2025 to 1853.62 Million Units by 2031 at a 4.71% CAGR. Passenger car tires are specialized, ring-shaped components manufactured from natural and synthetic rubber, carbon black, and chemical compounds, designed to fit around wheel rims to transfer vehicle load, provide traction, and absorb road shocks.

Market Overview
Forecast Period	2027-2031
Market Size 2025	1406.01 Million Units
Market Size 2031	1853.62 Million Units
CAGR 2026-2031	4.71%
Fastest Growing Segment	Sports Utility Vehicle
Largest Market	Asia Pacific

Key Market Drivers

The resurgence in global passenger vehicle manufacturing acts as a critical engine for market expansion, particularly within the original equipment segment. As automotive assembly lines accelerate to satisfy pent-up consumer requirements for personal mobility, the direct procurement of tires by automakers increases proportionally, stabilizing production schedules for tire manufacturers. This alignment between vehicle assembly and component supply ensures a steady baseline of volume demand, allowing tire producers to optimize their output for major automotive OEMs.

Key Market Challenges

Volatility in raw material prices stands as a formidable barrier to the steady expansion of the global passenger car tire market. Manufacturers depend heavily on natural rubber and crude oil derivatives, meaning that unpredictable fluctuations in these input costs directly destabilize production budgets and profit margins. When raw material expenses surge unexpectedly, producers are often compelled to absorb the costs or pass them onto consumers through higher tire prices. This transmission of cost creates market friction, as price-sensitive consumers in the replacement segment may delay purchases, thereby reducing overall sales volume and dampening market revenue growth.

Key Market Trends

The transition to sustainable and bio-sourced raw materials is reshaping production methodologies as manufacturers aggressively reduce reliance on fossil-fuel derivatives. Industry leaders are substituting conventional synthetic rubber and carbon black with circular alternatives such as recycled polyethylene terephthalate (PET) bottles, rice husk silica, and bio-oils to meet stringent environmental regulations. This shift extends beyond niche concepts into mass-market feasibility, fundamentally altering supply chain procurement strategies.

Key Market Players

Bridgestone
Michelin
Goodyear
Continental
Pirelli
Hankook
Yokohama
Sumitomo Rubber Industries
Apollo Tyres
MRF

Report Scope:

In this report, the Global Passenger Car Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Passenger Car Tire Market, By Vehicle Type:

Hatchback
Multi-Purpose Vehicle
Sedan
Sports Utility Vehicle

Passenger Car Tire Market, By Demand Category:

OEM
Replacement

Passenger Car Tire Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Tire Market.

Available Customizations:

Global Passenger Car Tire Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Passenger Car Tire Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type (Hatchback, Multi-Purpose Vehicle, Sedan, Sports Utility Vehicle)
- 5.2.2. By Demand Category (OEM, Replacement)
- 5.2.3. By Region
- 5.2.4. By Company (2025)
5.3. Market Map

6. North America Passenger Car Tire Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Demand Category
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Passenger Car Tire Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Vehicle Type
    - 6.3.1.2.2. By Demand Category
- 6.3.2. Canada Passenger Car Tire Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Vehicle Type
    - 6.3.2.2.2. By Demand Category
- 6.3.3. Mexico Passenger Car Tire Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Vehicle Type
    - 6.3.3.2.2. By Demand Category

7. Europe Passenger Car Tire Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Demand Category
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Passenger Car Tire Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Vehicle Type
    - 7.3.1.2.2. By Demand Category
- 7.3.2. France Passenger Car Tire Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Vehicle Type
    - 7.3.2.2.2. By Demand Category
- 7.3.3. United Kingdom Passenger Car Tire Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Vehicle Type
    - 7.3.3.2.2. By Demand Category
- 7.3.4. Italy Passenger Car Tire Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Vehicle Type
    - 7.3.4.2.2. By Demand Category
- 7.3.5. Spain Passenger Car Tire Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Vehicle Type
    - 7.3.5.2.2. By Demand Category

8. Asia Pacific Passenger Car Tire Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Demand Category
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Passenger Car Tire Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Vehicle Type
    - 8.3.1.2.2. By Demand Category
- 8.3.2. India Passenger Car Tire Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Vehicle Type
    - 8.3.2.2.2. By Demand Category
- 8.3.3. Japan Passenger Car Tire Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Vehicle Type
    - 8.3.3.2.2. By Demand Category
- 8.3.4. South Korea Passenger Car Tire Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Vehicle Type
    - 8.3.4.2.2. By Demand Category
- 8.3.5. Australia Passenger Car Tire Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Vehicle Type
    - 8.3.5.2.2. By Demand Category

9. Middle East & Africa Passenger Car Tire Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Demand Category
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Passenger Car Tire Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Vehicle Type
    - 9.3.1.2.2. By Demand Category
- 9.3.2. UAE Passenger Car Tire Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Vehicle Type
    - 9.3.2.2.2. By Demand Category
- 9.3.3. South Africa Passenger Car Tire Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Vehicle Type
    - 9.3.3.2.2. By Demand Category

10. South America Passenger Car Tire Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Demand Category
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Passenger Car Tire Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Vehicle Type
    - 10.3.1.2.2. By Demand Category
- 10.3.2. Colombia Passenger Car Tire Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Vehicle Type
    - 10.3.2.2.2. By Demand Category
- 10.3.3. Argentina Passenger Car Tire Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Vehicle Type
    - 10.3.3.2.2. By Demand Category

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Passenger Car Tire Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Bridgestone
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Michelin
15.3. Goodyear
15.4. Continental
15.5. Pirelli
15.6. Hankook
15.7. Yokohama
15.8. Sumitomo Rubber Industries
15.9. Apollo Tyres
15.10. MRF