Asia-Pacific is expected to lead the global summer tire industry with substantial shares in the upcoming years, owing to the rising population and its growing interest in private ownership of passenger cars and two-wheelers. Additionally, the rising consumer awareness about the benefits of summer tires is also raising the demand across the region.
Global Summer Tire Industry Overview 2025-30
According to the latest report published by Markntel Advisors, the Global Summer Tire Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. The industry growth is significantly attributed to the growing awareness among people about the benefits of summer tire like better responsiveness, improved cornering, reduced braking distance, specialized tread, and harder rubber compound, among others.
Segmentation Analysis based on Type of Vehicle, Demand, Price Category, Sales Channel, Tire Size and Region
By Type of Vehicle:
- Sports Car,
- SUV/MUV,
- Light Trucks,
- Others
By Demand:
- OEM,
- Replacement
By Price Category:
- Budget- Upto USD250 Per unit,
- Economy- USD251 to 500 Per Unit,
- Premium- Above USD500 Per Unit
By Sales Channel:
- Dealer & Distributor,
- Online,
- Direct Sales
By Tire Size
- Tire Size 1,
- Tire Size 2,
- Tire Size 3,
- Tire Size 4,
- Tire Size 5
By Region:
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Summer Tire Industry Dynamics
- Technological Advancements in Tire Manufacturing
- Sustainability and Eco-Friendly Tire Solutions
- Growing Demand for Performance and EV-Specific Summer Tires
Summer Tire Industry Competitive Landscape: Key Players
- Bridgestone,
- Continental,
- Michelin,
- Yokohama,
- Goodyear,
- Pirelli,
- Nokian Tyres,
- Hangzhou Zhongce,
- Sumitomo,
- Nexen Tire Corporation
Growth Factors Boosting the Global Summer Tire Market
- Rising Vehicle Ownership and Production
- Urbanization and Infrastructure Development
- Consumer Shift Toward High-Performance and Premium Tires
- Increasing Demand for Fuel-Efficient and Low Rolling Resistance Tires
- Expanding Electric Vehicle Market
- Stringent Government Regulations on Vehicle and Tire Performance
- Growth in the Automotive Aftermarket Industry
- Advancements in Tire Technology and Smart Tires
- Sustainable and Recyclable Tire Materials
- Increased Popularity of Sports and Luxury Vehicles
Global Summer Tire Market Regional Analysis:
Asia-Pacific Summer Tire Market demonstrate largest and fastest-growing market, owing to the growing urbanization, rising vehicle production, and expanding road networks. The countries such as China, India, and Japan are considered as dominant automobile manufacturing hubs, further raise the demand for summer tires.
Europe Summer Tire Market is benefiting from strict environmental government policies and technological advancements. Also the region comprises prominent countries such as Germany, France and the UK are witnessing high demand for performance tires.
North America Summer Tire Market comprises prominent countries such as the US and Canada which are experiencing robust demand for premium summer tires. Additionally, the region consists of prominent tire manufacturers further integrating the innovation across the industry.
Middle East & Africa
The demand for summer tires in this region remains relatively lower than other regions due to a limited number of seasonal variations. However, the growing automotive industry and harsh climatic conditions in GCC countries are expected to drive demand over the forecast period.
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