Rising demand for advanced tire solutions is reshaping the global Tire Technologies market, projected to reach over USD 130 billion by 2024, with a steady CAGR of 7% through 2032. Growth is driven by innovations in EV tires, connected tires, and sustainable tire materials, as automotive manufacturers increasingly prioritize lightweight, energy-efficient tires. Asia-Pacific dominates production, with China, India, and Japan leading in radial tire and smart tire manufacturing, while Europe excels in exporting high-performance and TPMS-equipped tires. In North America, fleet tire management programs, online tire sales, and electric vehicle tire adoption are major growth catalysts, highlighting regional variation in consumer preferences for all-season, run-flat, and winter tires.
Tire Technologies overview
Published by MMR Statistics Research Team, Updated