Report Update: Nov 1, 2024

World - Tyres - Market Analysis, Forecast, Size, Trends and Insights

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Tyre market

Tyre market: enjoy new facts and figures powered by an Ai-driven business intelligence platform. Data include exports, trade, consumption, market prices, production, companies, market size, and imports. There is a split by region, including Africa, EU, the Middle East, the U.S., the U.K., China, Latin America, and Russia. Market insights and forecast to 2030 are also provided in the dashboards.

Tyre - World's Largest Markets

Rating	Country
1	China
2	United States
3	India
4	Japan
5	Indonesia

In value terms, China, the United States and India were the countries with the highest levels of market value in 2020, with a combined 40% share of the global market. Japan, Indonesia, Russia, Brazil, France, the UK, Mexico, Turkey and Pakistan lagged somewhat behind, together accounting for a further 23%.

Among the main consuming countries, Japan saw the highest rates of growth with regard to market size, over the period under review, while tyre market for the other global leaders experienced more modest paces of growth.

Tyre Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Taiwan (Chinese)	18	18	16	-4.7%
Indonesia	20	22	23	8.9%
China	29	27	24	-9.6%
Germany	33	32	31	-2.8%
Thailand	25	41	32	12.9%
Vietnam	22	30	34	24.0%
Spain	54	55	49	-4.7%
South Korea	46	46	52	6.2%
Italy	39	38	56	19.9%
Netherlands	63	67	60	-2.6%
France	53	53	61	7.0%
Japan	57	63	82	19.5%
United States	119	111	101	-7.7%
Average	39	41	40	1.4%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($101 per unit), while Taiwan (Chinese) ($16 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Canada	67	71	69	1.3%
United States	57	63	63	4.6%
Russia	62	65	60	-1.7%
Belgium	57	56	56	-1.5%
Germany	49	50	52	2.6%
France	45	45	46	1.1%
United Kingdom	46	46	46	-0.5%
Netherlands	42	45	43	1.0%
Mexico	45	42	43	-2.1%
Italy	40	38	41	1.2%
Japan	32	24	38	8.4%
Spain	39	38	38	-1.6%
Brazil	27	26	25	-4.4%
Average	46	46	48	2.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada ($69 per unit), while Brazil ($25 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Tyre - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	14	15	13	-3.6%
Germany	6.5	6	5.9	-5.1%
France	3.7	3.3	3.1	-8.5%
Netherlands	2.3	2.3	2.5	4.6%
Mexico	2.7	2.5	2.4	-4.6%

In value terms, the United States ($12.6B) constitutes the largest market for imported tyres worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Germany ($5.9B), with a 8.8% share of global imports. It was followed by France, with a 4.6% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to -3.6%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and France (-8.5% per year).

Tyre - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	15	14	13	-6.7%
Germany	5.5	5.3	4.9	-5.7%
Japan	5.4	5.5	4.2	-12.0%
United States	4.9	4.9	3.8	-12.1%
South Korea	3.9	3.8	2.8	-14.9%

In value terms, China ($12.9B) remains the largest tyre supplier worldwide, comprising 22% of global exports. The second position in the ranking was occupied by Germany ($4.9B), with a 8.2% share of global exports. It was followed by Japan, with a 7% share.

In China, tyre exports shrank by an average annual rate of -6.7% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-5.7% per year) and Japan (-12.0% per year).

Tyre - Market Forecast

Driven by rising demand for tyre worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Tyre - Top Companies

Ape Indústria e Comércio Ltda, Agilent Technologies (Shanghai) Co., Ltd., Beijing Zhongxing Shitong Electronic Technology Co., Ltd., Shandong Energy Chongzhuang Group Dongyue Rubber & Plastic Co.,Ltd., Hunan Xiangtian Farming Machinery Co., Ltd., Kingstar Medical Products Co., Ltd., Henan Zhongke Explosion-Proof Machinery Co., Ltd., Xingtai Roll Small Cold Roller Co., Ltd., Zhongshan Langfeng Tourism Products Co., Ltd., Guizhou Ruidashiyouzhichengji Co., Ltd., Taizhou Culture & Education Paper Industry Co.,Ltd., Guangxi Guanghui Low-temperature Equipment Co.,Ltd., Siemens AG, Amplesky Communication Technologies Ltd., Shijiazhuang Zhengzhong Technology Co., Ltd., Zhangzhou Donglin Electronic Co., Ltd., SONY CORPORATION, PANASONIC CORPORATION, Ethicon Women's Health & Urology Sàrl, Medos Sàrl

Tyre - Product Coverage

HS 401110 - Rubber; new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)
HS 401120 - Rubber; new pneumatic tyres, of a kind used on buses or lorries
HS 401130 - Rubber; new pneumatic tyres, of a kind used on aircraft
HS 401140 - Rubber; new pneumatic tyres, of a kind used on motorcycles
HS 401150 - Rubber; new pneumatic tyres, of a kind used on bicycles
HS 401161 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on agricultural or forestry vehicles and machines
HS 401162 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61cm
HS 401163 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61cm
HS 401169 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on light industrial vehicles
HS 401192 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on agricultural or forestry vehicles and machines
HS 401193 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61cm
HS 401194 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61cm
HS 401170 - Rubber; new pneumatic tyres, of a kind used on agricultural or forestry vehicles and machines
HS 401180 - Rubber; new pneumatic tyres, of a kind used on construction, mining or industrial handling vehicles and machines
HS 401190 - Rubber; new pneumatic tyres, of a kind used on light commercial vehicles
HS 401199 - Rubber; new pneumatic tyres, (other than "e;herring bone"e; or similar tread)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global tyre market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
Prodcom 22111370 - New pneumatic rubber tyres for aircraft
Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Michelin, Bridgestone, Continental, Goodyear, Sumitomo, Hankook, Pirelli, Yokohama, ZC Rubber, Maxxis, Toyo, Linglong, Giti, Cooper, Apollo, Sailun, MRF, Kumho, Nokian, Nexen, Double Coin, JK, Triangle, Titan, CEAT, Kenda, Trelleborg, Guizhou Tyre, Prinx Chengshan, Aeolus

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023