RADIAL TIRE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

Global Radial Tire Market Size and Forecast – 2025-2032

The global radial tire market is estimated to be valued at USD 40 Bn in 2025 and is expected to reach USD 65 Bn by 2032, reflecting a compound annual growth rate (CAGR) of 6.9% from 2025 to 2032.

Key Takeaways of the Radial Tire Market

• The tubeless segment is expected to account for 55% of the radial tire market share in 2025.
• The passenger cars segment is projected to capture 35% of the market share in 2025.
• The 13 to 15 inches segment is expected to command 36% share in 2025.
• Asia Pacific will dominate the radial tire market in 2025 with an estimated 51%
• North America will hold 21% share in 2025 and record the fastest growth.

Current Events and Its Impact

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Segmental Insights

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Why Does Tubeless Segment Dominate the Global Radial Tire Market in 2025?

The tubeless segment is expected to hold 55.0% of the global radial tire market share in 2025. Growth comes from multiple key reasons behind broader use. Leading this shift is better safety and ease - tubeless designs outperform tubed ones here. Without an internal liner, these tires lower chances of rapid deflation if pierced. That trait appeals strongly to users wanting dependable performance on road; instead of bursting fast, air leaks slowly, giving drivers more time to react properly plus get help without danger.

A key reason for growth lies in how simple tubeless tires are to maintain. Because no inner tube needs replacing, fixing flats takes less time - usually just a patch or sealant does the job. As a result, more drivers and companies choose this option, thanks to fewer delays and lower repair bills.

For instance, on July 31, 2025, CEAT introduced ROCKRAD, a new radial tire designed for mining and tough environments. This marks the brand’s move into heavy-duty mining tires, broadening its range in truck and bus radials at the same time.

(Source: https://www.autocarpro.in/news/ceat-launches-rockrad-radial-tyre-for-mining-applications-127812)

Passenger Cars Segment Dominates the Radial Tire Market

The passenger cars segment is predicted to dominate the market with a 35% share in 2025. The rise comes mostly from widespread international reach along with higher ownership levels, particularly in city and nearby regions. More individuals can now afford vehicles due to higher earnings, especially as city-based moderate earners grow in number, this trend appears clear in emerging economies where personal transport is becoming both more accessible and more essential. While income rises, mobility needs expand; urban lifestyles depend on quicker commutes, pushing demand up across regions with growing populations. As access improves, ownership spreads, supported by financing options that make buying feasible even for those without large savings upfront.

In spite of strong production, focus is shifting toward passenger tires because car technology evolves while customer preferences change. Modern vehicles prioritize comfort, better mileage, or improved safety factors that influence tire selection. Radial designs offer greater grip, a more comfortable ride, yet less power waste than bias-ply versions; so most individuals choose them for daily-driven autos.

Why is 13 to 15 Inches the Most Preferred Rim Size in the Radial Tire Market?

The 13 to 15 inches segment is projected to dominate the market with a 36% of the market share in 2025. Its growth shows how common this rim size has become on regular cars.  It fits most cars around the world and is often found on small and medium builds, as well as entry-level family sedans.

The popularity of vehicles fitted with 13–15 inches tires remains steady due to their low cost and wide availability. Because these wheels offer stable control, they ensure comfortable driving while cutting expenses - this attracts budget-conscious consumers looking for dependable transport. As a result, interest holds strong among first-time buyers or regions where affordability matters most.

Tire Size & Rim Diameter Demand Mapping

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Regional Insights

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Asia Pacific Radial Tire Market Analysis and Trends

The Asia Pacific region is projected to lead the market with a 51% share in 2025. Growth stems from a broad auto sector network, solid industrial capacity, along with favorable state policies. China, India, and Japan are central to tire output and use, fueled by higher vehicle assembly numbers as well as growing appetite for private and freight transport. Key producers including Bridgestone (Japan), MRF (India), and Linglong Tire (China) have strengthened the region's standing. Moreover, public initiatives targeting transport networks, city expansion, or cleaner emissions have boosted need for long-lasting, efficient radial tires. In addition, the area's role in international trade - driven by exports and affordable manufacturing - strengthens its lead in this sector.

North America Radial Tire Market Analysis and Trends

North America is expected to exhibit the fastest growth in the market contributing 21% share in 2025. The North America radial tire market is well established, with radial types leading in cars, trucks, farm machines, and heavy-duty uses due to greater toughness, improved mileage, smoother ride, along with higher safety when compared to outdated designs. Replacement demand shapes most of the need instead of fresh vehicle purchases, since drivers, transport companies, and equipment operators focus on extended wear, reliable function, plus reduced running expenses. Expansion comes from rising delivery services, online shopping growth, upgrades in business and farming vehicles, together with wider use of innovative features like energy-saving treads, eco-conscious compounds, and built-in sensors.

Radial Tire Market Outlook for Key Countries

Why is China Emerging as a Major Producer of Radial Tires?

China's radial tire sector grows thanks to being the top car producer and user globally. Firms such as Linglong Tire, along with international names like Michelin, shape a varied marketplace. Policies focusing on cleaner production have pushed innovation in greener, better-performing tires. Export strength plus developed factory zones in central and eastern regions boost China’s role in worldwide tire networks.

India Radial Tire Market Analysis and Trends

India's radial tire market is expanding due to rising vehicle purchases, particularly in commercial transport. Firms like MRF, Apollo Tyres, and JK Tyre drive progress through innovation while boosting production for local use and overseas sales. Instead of traditional methods, they focus on advanced manufacturing shaped by policy support for greener transit options. Infrastructure upgrades also play a role, raising need for long-lasting, energy-saving tires. Alongside this shift, strong after-sales channels plus higher replacement needs reinforce industry momentum, aided by smoother shipping routes and international trade deals.

Japan Radial Tire Market Analysis and Trends

Japan keeps leading the radial tire sector by combining technological advances with high-quality products. Companies such as Bridgestone and Yokohama Rubber Co. stay ahead using modern production methods while prioritizing R&D that targets efficiency and eco-friendliness. Since major car manufacturers are based here, it fuels steady demand for tires, encouraging tight teamwork during vehicle and tire development phases. On top of this, national regulations supporting green practices along with trade benefits help maintain Japan's solid position worldwide.

Brazil Radial Tire Market Analysis and Trends

Brazil's radial tire sector is growing thanks to its position as Latin America’s top auto market. While Pirelli, Michelin, and Bridgestone run major plants here, they serve local needs alongside export demands. As authorities improve roads and impose tougher safety rules, buyers increasingly choose better-quality radial tires. In addition, involvement in trade groups like Mercosur boosts cross-border commerce, spurring factory upgrades and expansion in service networks.

Is U.S. the Next Growth Engine for the Radial Tire Market?

The U.S. is a well-established market for radial tires, featuring major firms such as Goodyear, Cooper Tire & Rubber Company, alongside Continental. Strong car manufacturing supports growth; at the same time, high replacement demand drives activity across service channels. Material advances help boost both safety and efficiency in tire design. Environmental rules on fuel economy push makers toward greener solutions. Meanwhile, international trade conditions combined with overseas manufacturers' local factories strengthen America’s role in the industry.

Market Players, Key Development, and Competitive Intelligence

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Key Developments

• On March 11, 2025, Hankook Tire announced its 5th generation lineup of truck and bus radial (TBR) tires at the 2025 Technology & Maintenance Council (TMC) Annual Meeting & Transportation Technology Exhibition in Nashville.
• On March 17, 2025, GT Radial announced the launch of MaxClimate. MaxClimate from GT Radial, is an All-Weather tire capable of handling inclement weather every season of the year.

Top Strategies Followed by Global Radial Tire Market Players

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Market Report Scope

Radial Tire Market Report Coverage

Global Radial Tire Market Dynamics

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Global Radial Tire Market Driver - Increasing Production and Sales of Vehicles

The rising number of conventional and electric vehicles made worldwide is boosting global need for radial tires. Because cities grow, people earn more money, while showing greater interest in private transport, car makers put resources into building different types, cars or trucks alike. More vehicles mean more demand for both first-fit and replacement tires; here, radials lead owing to longer life, better fuel economy, also stronger road behavior than bias-ply versions.

Car producers now emphasize rider ease and protection, favoring radial designs that deliver steadier handling along with extended use. On top of this, recovering auto sectors in emerging nations combined with consistent needs in established ones keep tire usage high, showing how closely linked vehicle output stays with growth in the radial tire sector.

For instance, in November 10, 2025, J.K. Tyre & Industries Ltd announced the launch of India’s first embedded smart tires for passenger cars. The move marks a shift in how vehicles interact with roads, setting a benchmark in intelligent connected mobility.

(Source:https://www.jktyre.com/press-release/JKTyre-Smart-Mobility-Revolution-with-Embedded-Smart-Tyres)

Global Radial Tire Market Opportunity - Growing Demand of Radial Tires for Off Road and Agricultural Activities

The global radial tire market holds strong potential, fueled by growing interest in tires built for off-road and farm use. Since farming keeps advancing through automation, sturdier high-quality tires are needed, the ones that handle tough landscapes and big weights. These radial versions deliver better grip, save fuel, last longer than traditional bias-ply models, fitting well with tractors, harvesters, or similar equipment. Moreover, more people enjoying trail adventures, along with construction expanding into countryside regions, boosts need for radial types offering solid control and balance across bumpy ground.

The strength and adaptability of radial tires suit many off-road machines like ATVs, heavy machinery, or defense vehicles, which broadens how they’re used. New developments in tire design, including better treads or stronger rubber mixes, improve function in rough terrain, pushing companies to invest more here. Besides, public policies supporting eco-friendly farming and automation in developing regions increase demand for new or replaced radial tires on farms. These shifts create strong opportunities for businesses aiming at off-road and farm-focused tire markets worldwide.

Analyst Opinion (Expert Opinion)

• The global radial tire market shows consistent momentum, driven by widespread use in both private cars and transport fleet management Owing to better performance, lower fuel consumption, and longer life, these tires are now the default choice - keeping demand firm despite economic dips. Most growth comes from replacements rather than new sales; at the same time, advances in rubber compounds, tread patterns, and eco-friendly production help top brands stand out and maintain profitability amid strong competition.
• Going forward, rising demand for electric vehicles will support market growth. This trend combines with expanding logistics networks. Still, fluctuating material costs could limit gains, especially where competition pushes prices down in high-volume areas. Trade rules might add complexity, affecting margins across regions. Firms focusing on innovation tend to do better compared to general industry performance, particularly when they align production closer to key markets. Strength often comes from targeting niche uses instead of broad consumer segments.

Market Segmentation

• Tire Type Insights (Revenue, USD Billion, 2020 - 2032)
  • Tubeless
  • Tube
• Vehicle Type Insights (Revenue, USD Billion, 2020 - 2032)
  • Passenger Cars
  • Light Duty Commercial Vehicles
  • Heavy Duty Commercial Vehicles
  • Construction and Industrial Vehicles
  • Others
• Rim Size Insights (Revenue, USD Billion, 2020 - 2032)
  • 13 to 15 Inches
  • 16 to 18 Inches
  • 19 to 21 Inches
  • Above 21 Inches
• Regional Insights (Revenue, USD Billion, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire
  • Michelin Group
  • NIRA Dynamics AB
  • Nokian Tyres
  • Pirelli
  • Sumitomo Rubber Industries
  • Goodyear
  • Toyo Tire Corporation
  • Yokohama
  • Dunlop
  • Giti Tire Pte
  • Shandong Juling Group
  • Ceat Ltd

Sources

Primary Research Interviews

• Tire manufacturers and production executives
• Automotive OEMs and procurement managers
• Tire distributors and retail chain executives
• Fleet operators and transportation companies

Databases

• Global Trade Atlas
• IBISWorld Industry Reports
• Euromonitor International
• Bloomberg Terminal

Magazines

• Tire Business Magazine
• Modern Tire Dealer
• Rubber & Plastics News
• Automotive News

Journals

• Journal of Rubber Research
• Tire Science and Technology
• International Journal of Automotive Technology

Newspapers

• Financial Times
• The Wall Street Journal
• Reuters Business News
• Automotive News Europe

Associations

• Tire Industry Association (TIA)
• European Tyre & Rubber Manufacturers' Association (ETRMA)
• Japan Automobile Tyre Manufacturers Association (JATMA)
• Rubber Manufacturers Association (RMA)

Public Domain Sources

• International Trade Centre (ITC)
• World Trade Organization (WTO) databases
• National statistical offices
• Government automotive industry reports

Proprietary Elements

• CMI Data Analytics Tool
• Proprietary CMI Existing Repository of information for last 8 years