Global sales of automotive tire stood at USD 240.9 billion in 2024. The industry is further projected to exhibit a y-o-y growth of 5.9% in 2025 and reach USD 256.1 billion in the same year and surging at a CAGR of 6.3% between 2025 and 2035, demand for the automotive tire is estimated to reach USD 471.7 billion by 2035.
The global automotive tire market is experiencing a significant surge, fueled by increasing vehicle production, advancements in tire technology, and growing demand for sustainable solutions. With the automotive industry shifting toward electric vehicles (EVs) and innovative tire designs, the market is projected to re
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