Car Tire Market Booming Worldwide with Latest Trend and Future Scope by 2029

The global car tire market is anticipated to grow at a considerable CAGR of 2.2% during the forecast period (2023-2029). Tire makers are turning to green energy in their production as companies are working to achieve carbon neutrality by 2050, with investments in the direction of zero-carbon technology, energy efficiency, and green energy. For instance, in February 2021, Michelin Group announced that it is working toward making its tires 100% sustainable by 2050. For this, Michelin partnered with various organizations like Axens, IFP Energies Nouvelles, Pyrowave, Carbios, Enviro, and BlackCycle.

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The global car tire market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  Among these, the Asia-Pacific regional market is expected to cater to prominent growth over the forecast period.

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  • Market Coverage
  • Market number available for – 2023-2029
  • Base year- 2022
  • Forecast period- 2023-2029
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Car Tire Market Report Segment

By Tire Type 

  • Winter Tires
  • Summer Tires
  • Others

By Application

  • On-the-Road
  • Off-the-Road

By Vehicle Type 

  • Passenger Cars
  • Commercial Vehicles

By End-User

  • OEM
  • Aftermarket

Global Car Tire Market Report Segment by Region

North America

  •             United States
  •             Canada

Europe

  •             UK
  •             Germany
  •             Italy
  •             Spain
  •             France
  •             Rest of Europe

Asia-Pacific

  •             China
  •             India
  •             Japan
  •             South Korea
  •             Rest of Asia-Pacific

Rest of the World

  •             Latin America
  •             Middle East & Africa

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