LUCKNOW, India -
May 19, 2026 -
PRLog -- The global tire industry has entered a high-velocity structural transformation, projected to reach USD 288.1 billion by 2031. Advancing at a 4.4% CAGR, the market is scaling to 2.8 billion annual units, driven by a massive value migration toward high-margin, complex segments.
Key Disruptors:
- The EV Catalyst: Specialized EV tires are growing at double-digit rates, engineered for high torque and weight.
- Premiumisation: Revenue is concentrating in 18-inch-and-above fitments, boosting Average Selling Prices (ASPs) in Western markets.
- APAC Leadership: Asia-Pacific commands 48% of global revenue, with China, India, and Japan representing 72% of regional demand.
- Aftermarket Strength: The replacement segment remains the profit engine with a 63.3% market share.
The report provides granular data across 22 countries and 15 segments, analyzing 20 titans including Bridgestone, Michelin, and Goodyear. This report offers the deep-dive intelligence required to navigate the EV era and secure competitive positioning.
Report Link:
https://www.navadhi.com/publications/global-tire-market-s...
