Europe Tire Forecast: USD 52.25 Billion Valuation by 2030

According to recent findings, the Europe Tire Market size was valued at around USD 43.25 billion in 2024 and is projected to reach USD 52.25 billion million by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.20% during the forecast period, i.e., 2025-30.

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Europe Tire Overview:

The growth of the market would be propelled mainly by the increasing sales of vehicles due to the changing living standards and greater inclination of the people toward private vehicle ownership across Europe, i.e., directly impacting the demand for tires. As car owners across Europe are becoming increasingly aware of the importance of timely tire inspection replacement to ensure utmost safety excellent driving experience, more and more tire manufacturers are expanding their production facilities in the region. As a result, the tire industry in Europe is expanding at a rapid pace generating lucrative prospects for the leading tire makers, thus enhancing the Europe Tire Market size as well.

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Europe Tire Outlook and Future Trends :

Emerging Smart Tire Innovation – Technological advancement is a pivotal force boosting the Europe tire market’s growth trajectory. Leading manufacturers are investing in smart tire technologies, integrating sensors for real-time monitoring of pressure, temperature, and tread wear, which enhances safety and enables predictive maintenance. Innovations such as airless tires, advanced tread designs, and the use of nano-materials and silica compounds are improving durability, traction, and energy efficiency, especially for electric and high-performance vehicles. Also, artificial intelligence is also being utilized for wear forecasting and optimizing tire life cycles. These advancements not only meet the stringent EU safety and environmental regulations but also cater to the evolving needs of consumers and fleets seeking longer-lasting, eco-friendly, and high-performance tires, thereby driving sustained market expansion.

Global Europe Tire Segmentation Analysis:

By Type of Vehicle

Passenger Car- Market Size Forecast 2020-2030, Thousand Units
Light Commercial Vehicle- Market Size Forecast 2020-2030, Thousand Units
Medium Heavy Commercial Vehicle- Market Size Forecast 2020-2030, Thousand Units
Two Wheelers- Market Size Forecast 2020-2030, Thousand Units
Off the Road (OTR) Vehicles- Market Size Forecast 2020-2030, Thousand Units

According to reports, Of them all, passenger cars, which include sedans, hatchbacks, SUVs, sports cars, dominate the Europe Tire Market with the largest share.

By Demand Category

OEM- Market Size Forecast 2020-2030, Thousand Units
Replacement- Market Size Forecast 2020-2030, Thousand Units

According to reports, Here, the Replacement demand category dominated the Europe Tire market with the largest share in previous years, and the same trend is likely during the forecast period.

By Type of Tire

Radial- Market Size Forecast 2020-2030, Thousand Units
Bias- Market Size Forecast 2020-2030, Thousand Units

By Sales Channel

Direct Sales- Market Size Forecast 2020-2030, Thousand Units
Multi-Brand Outlets- Market Size Forecast 2020-2030, Thousand Units
Exclusive Outlets- Market Size Forecast 2020-2030, Thousand Units
Online- Market Size Forecast 2020-2030, Thousand Units

By Season

All Season- Market Size Forecast 2020-2030, Thousand Units
Winter- Market Size Forecast 2020-2030, Thousand Units

By Price Category

Budget- Market Size Forecast 2020-2030, Thousand Units
Economy- Market Size Forecast 2020-2030, Thousand Units
Premium- Market Size Forecast 2020-2030, Thousand Units

By Rim Diameter

Up to 12”- Market Size Forecast 2020-2030, Thousand Units
1” to 15”- Market Size Forecast 2020-2030, Thousand Units
1” to 20”- Market Size Forecast 2020-2030, Thousand Units
1” to 20”- Market Size Forecast 2020-2030, Thousand Units
1” to 26”- Market Size Forecast 2020-2030, Thousand Units
1to 35”- Market Size Forecast 2020-2030, Thousand Units
- 1” to 47”- Market Size Forecast 2020-2030, Thousand Units
Above 47”- Market Size Forecast 2020-2030, Thousand Units

By Country

The UK
Germany
France
Italy
Spain
Poland
The Netherlands
Romania
Belgium
Slovakia
Finland
Norway
Sweden
Denmark
Rest of Europe.

According to reports, Of all countries across Europe, France is more likely to dominate the Tire Market with the largest share during 2025-30.

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Some of the Market players in the Global Europe Tire are:

Michelin
Continental
Bridgestone
Pirelli
Dunlop
Hankook
Goodyear
Nokian
Yokohama
Cooper Tires
Others
Kumho
Vredestein
Toyo
Others.

Europe Tire Recent Development:

2025: Kumho Tire Company plans to complete construction of its first tire plant in Europe in the next two years, as it looks to reduce logistics costs while strengthening its presence in the region’s premium tire market. The company has signed original equipment (OE) supply contracts with a number of European automakers in recent years, including Volkswagen Group, BMW and Mercedes-Benz.

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Key Highlights of the Report – Unlock Valuable Market Insights

Market Size, Share Future Projections – Understand the current market dimensions and forecasted growth trajectory.
In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
Company Strategies Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
Key Stakeholders Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
Import Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
Market Trends Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

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