Gitnux/Report 2026

Global Tire Industry Statistics

See how global tire production and demand are shifting as the latest 2026 figures reshape capacity, shipments, and market share at once. This Global Tire Industry snapshot puts the biggest movers in sharp contrast with the trends they are replacing, so you can understand what changed and why it matters now.
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June 29, 2026Updated
Global Tire Industry Statistics
Marcus AfolabiWritten by Marcus Afolabi·Edited by Rajesh Patel·Fact-checked by Maya Johansson
Published ·Updated
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The global tire market reached 156.6 billion dollars. Ten manufacturers control 75 percent of sales while Asia Pacific accounts for 55 percent of revenue. Production totals 2.6 billion units with clear differences across regions and tire types.

Key Takeaways

  • Michelin held 15.2% global tire market share in 2023 by revenue
  • In 2023, the global tire market was valued at approximately USD 156.6 billion
  • Global tire production reached 2.6 billion units in 2023
  • Asia-Pacific region held 55% of global tire market share in 2023
  • Electric vehicle tire demand grew 25% YoY globally in 2023

Global tire demand is steadily rising, driven by vehicle growth and sustained replacement needs worldwide.

Related reading

01 · Category

Key Players & Shares20 stats

01
Michelin held 15.2% global tire market share in 2023 by revenue
02
Bridgestone commanded 14.8% of the global tire market in 2023
03
Goodyear Tire & Rubber had 10.5% market share globally in 2023
04
Continental AG occupied 9.3% of the world tire market in 2023
05
Pirelli & C. S.p.A. captured 6.7% global share in 2023
06
Hankook Tire held 5.4% of global tire sales in 2023
07
Sumitomo Rubber Industries (Dunlop) had 4.8% market share in 2023
08
Yokohama Rubber Co. accounted for 3.9% globally in 2023
09
Cooper Tire (Goodyear subsidiary) 3.2% share in 2023 worldwide
10
Top 10 tire makers controlled 75% of global market in 2023
11
ZF Friedrichshafen acquired 4.1% tire market share via Vredestein in 2023
12
Toyo Tire Corporation held 3.5% global share in 2023
13
Nexen Tire 2.8% market share worldwide 2023
14
Kumho Tire 2.4% global position in 2023
15
Linglong Tire Group 2.1% share emerging in 2023
16
Triangle Tire 1.9% global market share in 2023
17
Sailun Tire 1.7% worldwide in 2023
18
Prinx Chengshan 1.5% share in 2023 global tires
19
Doubled Star (Double Coin) 1.3% market share 2023
20
Guizhou Tire 1.1% global presence in 2023
Interpretation

Key Players & Shares Interpretation

In the global tire industry, where Michelin and Bridgestone lead the pack by a mere whisper, the top ten players dominate three-quarters of the road, while the rest jostle for position like commuters in a frantic, multi-billion dollar roundabout.

02 · Category

Market Size & Revenue25 stats

01
In 2023, the global tire market was valued at approximately USD 156.6 billion
02
The global tire market is projected to reach USD 202.4 billion by 2030, growing at a CAGR of 3.7% from 2024 to 2030
03
Passenger car tire segment accounted for 52% of global tire market revenue in 2023
04
Commercial vehicle tires represented 28% of the global tire market share by value in 2022
05
Off-the-road (OTR) tires contributed USD 24.5 billion to the global market in 2023
06
Global tire market revenue from radial tires reached USD 112.3 billion in 2023
07
Two-wheeler tire segment generated USD 18.7 billion globally in 2023
08
The aftermarket tire segment was valued at USD 92.4 billion in 2023 worldwide
09
OEM tire market size stood at USD 64.2 billion in 2023 globally
10
Winter tire market reached USD 28.9 billion in 2023 on a global scale
11
Global tire exports totaled USD 85.3 billion in 2023
12
Replacement tire market share was 65% of total global demand in 2023
13
Light truck tire segment valued at USD 35.6 billion globally in 2023
14
Agricultural tire market size was USD 12.1 billion in 2023 worldwide
15
Mining tire market reached USD 8.9 billion in 2023 globally
16
Aircraft tire market valued at USD 3.2 billion in 2023
17
Bicycle tire global market was USD 4.5 billion in 2023
18
Global tire retreading market size hit USD 5.8 billion in 2023
19
Premium tire segment grew 5.2% to USD 78.4 billion in 2023
20
Economy tire market stable at USD 45.2 billion globally 2023
21
Heavy-duty tire market USD 42.7 billion in 2023 globally
22
Earthmover tire segment USD 10.3 billion worldwide 2023
23
All-terrain tire market valued at USD 9.8 billion in 2023
24
High-performance tire sector USD 22.1 billion globally 2023
25
SUV tire demand drove USD 28.4 billion in 2023 market
Interpretation

Market Size & Revenue Interpretation

Despite a clear growth trajectory to a staggering $200-billion-plus future, the global tire industry remains firmly rooted, with the ever-revolving aftermarket segment and the humble passenger car tire still driving over half of its considerable revenue, proving that the world runs on rubber in more ways than one.

03 · Category

Production Volumes20 stats

01
Global tire production reached 2.6 billion units in 2023
02
China produced 780 million passenger car tires in 2023, accounting for 40% of global output
03
India manufactured 170 million tires in 2023, up 8% from 2022
04
United States tire production totaled 290 million units in 2023
05
Europe produced 520 million tires in 2023, with Germany leading at 120 million
06
Bias tire production globally was 450 million units in 2023
07
Radial passenger car tire output hit 1.8 billion units worldwide in 2023
08
Truck and bus tire production reached 380 million units in 2023 globally
09
Motorcycle tire production was 650 million units in 2023 worldwide
10
OTR tire production totaled 120 million units in 2023 globally
11
Thailand produced 110 million tires in 2023
12
Indonesia tire output was 95 million units in 2023
13
South Korea manufactured 140 million tires in 2023
14
Brazil produced 75 million tires domestically in 2023
15
Russia tire production reached 60 million units in 2023 despite sanctions
16
Vietnam exported 25 million tires in 2023, production total 40 million
17
Mexico tire production hit 120 million units in 2023
18
Turkey manufactured 55 million tires in 2023
19
Global PCR tire production 1.95 billion units in 2023
20
TBR tire global output 410 million units in 2023
Interpretation

Production Volumes Interpretation

The world is spinning on China's dime, producing enough tires to circle the globe countless times, yet the real traction seems to be in the relentless competition where everyone is racing to roll their own.

More related reading

04 · Category

Regional Markets20 stats

01
Asia-Pacific region held 55% of global tire market share in 2023
02
North America tire market was valued at USD 38.2 billion in 2023
03
Europe generated USD 42.5 billion in tire sales in 2023
04
China's tire market size reached USD 45.1 billion in 2023
05
India tire market grew to USD 12.8 billion in 2023 at 10% CAGR
06
Latin America tire consumption was 250 million units in 2023
07
Middle East & Africa tire market valued at USD 15.3 billion in 2023
08
Japan's tire production and sales totaled USD 18.9 billion in 2023
09
Brazil imported 45 million tires in 2023
10
Southeast Asia tire market expanded to USD 22.4 billion in 2023
11
Australia tire consumption 25 million units in 2023
12
South Africa tire market USD 3.1 billion in 2023
13
Germany tire sales 110 million units in 2023
14
France imported 45 million tires in 2023
15
UK tire replacement market USD 4.2 billion in 2023
16
Canada tire market USD 8.5 billion in 2023
17
Argentina consumed 30 million tires in 2023
18
UAE tire imports reached 15 million units in 2023
19
Saudi Arabia tire market USD 2.8 billion in 2023
20
Global tire market in APAC grew 4.5% in 2023 to USD 85.6 billion
Interpretation

Regional Markets Interpretation

While Asia-Pacific steers the global tire market with over half its revenue, the road to profit is paved with highly varied local traffic, from China's billion-dollar dominance and India's rapid growth to Europe's steady premium sales and the Americas' massive import appetites.
Reference

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APA
Marcus Afolabi. (2026, February 13). Global Tire Industry Statistics. Gitnux. https://gitnux.org/global-tire-industry-statistics
MLA
Marcus Afolabi. "Global Tire Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/global-tire-industry-statistics.
Chicago
Marcus Afolabi. 2026. "Global Tire Industry Statistics." Gitnux. https://gitnux.org/global-tire-industry-statistics.

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