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The Future Of Global Tires To 2030

This report analyses and forecasts market growth by raw material inputs, tire type, end-use applications, and region/ key countries through 2030.
  • Estimated to be worth $282 billion in 2025, the global tire market is expected to reach $367 billion by 2030. In volume terms, annual growth will average 4.0% through 2030
  • The Asia-Pacific market, led by India and China, will achieve 4.7% CAGR in unit growth to 2030.

The global tire market is facing new challenges on top of considerable existing ones. The recent and ongoing turmoil in international trade, specifically relating to US tariff policy, has introduced great uncertainty in the tire industry, and throughout the value chain. At the same time, innovation and sustainability imperatives remain medium- and long-term trends. This includes the disruptive forces of mobility, advanced manufacturing, and the increasing prevalence of artificial intelligence that is affecting global industries and economies.

Definition

This report analyses and forecasts market growth by raw material inputs, tire type, end-use applications, and region/ key countries through 2030. Attention is given to how the geopolitical, trade, and regulatory environments are evolving. Looking beyond current volatility, this report considers the underlying fundamental drivers and trends of the period 2025–30, including the EV push led by China and accelerating autonomous driving development, advancing vehicle and tire designs, more efficient manufacturing and raw material sustainability-driven substitutions.

Key Questions

  • How will the new and shifting global tariff landscape affect tire production/sourcing and trade? How are major tire producers and others in the value chain adapting?
  • How will advances in autonomous driving and AI affect tire requirements and development, even as the push for electrification encounters headwinds?
  • How will progress towards greater sustainability in tire production, use and disposal continue in light of competing priorities in the midst of greatly heightened political and business uncertainty?

This report is essential to: 

  • Tire makers and producers of tire materials 
  • Equipment suppliers to the tire industry
  • Participants in the tire markets value chain

About the Author

Arthur Mayer has many years of experience in the tire industry, working in a variety of roles at Dealer Tire and as a contract writer and consultant covering a wide range of nontechnical tire topics for Smithers and its clients. He is a regular speaker at Smithers’ Traction conferences, covering the fast-emerging area of sensors and intelligent tires.

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Bill Allen

Bill Allen

Head of Sales – Europe and Middle East, Smithers Information Division

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Sean Walsh

Sean Walsh

Business Development Manager, Smithers Information Division

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