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

The Global Tire Retail Market is estimated to be valued at USD 224.52 bn in 2025 and is expected to reach USD 309.66 bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.7% from 2025 to 2032. Quality tires are important to ensure vehicle safety, performance, and fuel efficiency. The tire retail market includes different tire types including passenger car tires, light truck tires, heavy truck tires, and specialty tires. With the rising number of vehicles on the road and the growing emphasis on vehicle maintenance, the tire retail market is expected to continue its upward trajectory in the coming years.

Market Dynamics:

The number of vehicles on the road is increasing by the day, partly fueled by rising disposable incomes and also by urbanization. As more people own vehicles, the demand for tires, both for new vehicles and replacements, continues to grow. Also, vehicle safety has become a big concern, and governments have also put in place strict safety regulations as well. This is leading to more frequent tire replacements, adding to market growth. However, ride-sharing services are stopping people from buying personal vehicles, which can impact the demand for tires. Fluctuating raw material prices and the presence of counterfeit products also pose challenges that market players need to tackle. Nevertheless, the emergence of online tire retail platforms and the increasing popularity of tire subscription services are great opportunities that market players should explore.

Key Features of the Study:

• This report provides in-depth analysis of the global tire retail market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global tire retail market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Industries, Hankook, Pirelli, Yokohama Rubber Company, Zhongce Rubber, Cheng Shin Rubber, Toyo Tires, Linglong Tire, Sailun Group, Apollo Tyres, and MRF Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global tire retail market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tire retail market

Market Segmentation

•  Vehicle Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Passenger Vehicles
  • Commercial Vehicles
  • Two-Wheelers
  • Off-the-Road (OTR) Vehicles
•  Tire Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Radial Tires
  • Bias Tires
•  Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
  • Offline
  • Online
• Regional Insights (Revenue, USD Bn, 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
  • Michelin
  • Bridgestone
  • Goodyear
  • Continental
  • Sumitomo Rubber Industries
  • Hankook
  • Pirelli
  • Yokohama Rubber Company
  • Zhongce Rubber
  • Cheng Shin Rubber
  • Toyo Tires
  • Linglong Tire
  • Sailun Group
  • Apollo Tyres
  • MRF Ltd.