Europe Tire Market Size & Insights

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. 

The Europe Tire Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Europe Tire. 

What are the Key DROs in the Europe Tire Market?

Ever-Increasing Demand for Replacement Tires to Carter to the Large Vehicle Fleet – Europe has a massive vehicle fleet, which includes passenger cars, commercial vehicles, and two-wheelers. As the number of these vehicles on the road is increasing, so is the need for replacing their tires, mainly due to their wear & tear over time on account of diverse terrains, climates, & driving conditions. Hence, in order to ensure optimal performance, safety, and fuel efficiency, replacement tires are witnessing huge demand in the region and, consequently, driving the Europe Tire Market.

What are the Key Segments in the Europe Tire Market?

The Europe Tire is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

-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 Type of Vehicle

• Passenger Cars

• Light Commercial Vehicles

• Medium & Heavy Commercial Vehicles

• Two Wheelers

• Off-the-Road (OTR) Vehicles

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

• Replacement

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.

How does geographical analysis highlight in the Europe Tire market?

-By Region

• Germany

• Italy

• France

• The United Kingdom

• Spain

• Poland

• The Netherlands

• Belgium

• Slovakia

• Romania

• Finland

• Norway

• Sweden

• Denmark

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

Who are the Key Players in Europe Tire Market?

• Michelin

• Continental

• Bridgestone

• Pirelli

• Dunlop

• Hankook

• Goodyear

• Nokian

• Yokohama

• Cooper Tires

• Others

Europe Tire Industry 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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• Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

• Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

• Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

• Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

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Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.

• Segmented Insights: Target specific segments for focused strategies.

• Geographical Performance: Assess market opportunities by geographic area.

• Emerging Technologies: Discover advancements like AI integration.

• Risk Identification: Pinpoint challenges to inform strategic planning.

• Future Forecasts: Prepare for market changes with actionable projections.

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