Passenger Car Tire Market

Passenger car tire market: discover recently published statistics enhanced by an Ai-driven BI platform. Data cover market prices, imports, market size, trade, production, exports, companies, and consumption. There is a breakdown by region, including the U.K., the U.S., Russia, Latin America, the Middle East, Africa, China, and EU. Market dynamics and forecast to 2030 are also featured in the reports.


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Passenger Car Tire - World's Largest Markets

RatingCountry
1United States
2China
3India
4Indonesia
5Japan

In value terms, the largest passenger car tyre markets worldwide were the United States, China and India, with a combined 40% share of the global market. These countries were followed by Indonesia, Japan, Germany, France, Canada, South Korea, the UK, Russia, Brazil and Thailand, which together accounted for a further 30%.

In terms of the main consuming countries, France saw the highest rates of growth with regard to market size, over the period under review, while passenger car tyre market for the other global leaders experienced more modest paces of growth.

Passenger Car Tyre Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per unit
China2524261.7%
Thailand454143-2.2%
Japan495644-5.2%
Poland4144455.1%
Romania4244464.6%
Spain4144476.7%
South Korea484647-1.1%
Indonesia4956523.2%
Mexico4850525.1%
Hungary545254-0.2%
Czech Republic5958622.8%
Germany6062665.3%
Netherlands58687010.0%
Average4344452.1%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($70 per unit), while China ($26 per unit) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per unit
Netherlands5153586.3%
Mexico44425411.0%
Canada555554-1.2%
Germany4950534.2%
Australia4546504.6%
United States544950-4.4%
Italy4344497.3%
Poland4344496.1%
France484347-1.2%
United Kingdom4140465.7%
Japan485046-2.5%
Spain3940446.3%
Russia453540-5.2%
Average4645482.0%

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($58 per unit) and Mexico ($54 per unit), while Russia ($40 per unit) and Spain ($44 per unit) were amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Passenger Car Tyre - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
United States8.46.97.7-4.1%
Germany4.23.84.31.0%
France2.21.82.57.4%
Netherlands1.61.72.214.4%
United Kingdom1.91.620.5%

In value terms, the United States ($7.7B), Germany ($4.3B) and France ($2.5B) constituted the countries with the highest levels of imports in 2021, with a combined 34% share of global imports. These countries were followed by the Netherlands, the UK, Italy, Canada, Mexico, Spain, Australia, Poland, Japan and Russia, which together accounted for a further 30%.

Mexico saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Passenger Car Tyre - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
China5.64.96.710.1%
Germany4.13.43.9-2.9%
Thailand3.12.82.9-2.5%
South Korea2.41.92.2-4.8%
Netherlands1.11.7236.0%

In value terms, the largest passenger car tyre supplying countries worldwide were China ($6.7B), Germany ($3.9B) and Thailand ($2.9B), with a combined 31% share of global exports. These countries were followed by South Korea, the Netherlands, Japan, Poland, Hungary, Romania, Mexico, the Czech Republic, Indonesia and Spain, which together accounted for a further 37%.

In terms of the main exporting countries, the Netherlands recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Passenger Car Tyre - Market Forecast

Driven by rising demand for passenger car tyre worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Passenger Car Tyre - Top Companies

BRIDGESTONE CORPORATION, Bridgestone Americas, Inc., The Goodyear Tire & Rubber Company, Michelin North America, Inc., SUMITOMO RUBBER INDUSTRIES, LTD., MANUF FRANC PNEUMATIQ MICHELIN, YOKOHAMA RUBBER COMPANY, LIMITED, THE, Bridgestone Americas Tire Operations, LLC, CHENG SHIN RUBBER IND. CO., LTD., TOYO TIRE & RUBBER CO.,LTD., Continental Automotive, Inc., PIRELLI TYRE SPA, HANKOOK TIRE Co., Ltd., Cooper Tire & Rubber Company Inc, MICHELIN REIFENWERKE AG & Co. KG auf Aktien, KUMHO TIRE CO., INC., BRIDGESTONE EUROPE NV SA, APOLLO TYRES LIMITED, MRF LIMITED, Continental Barum s.r.o.

Passenger Car Tire - Product Coverage

  • HS 401110 - Rubber; new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)
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World - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global passenger car tyre market.

Central Asia - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in Central Asia.

Eastern Asia - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in Eastern Asia.

Middle East - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in the Middle East.

Africa - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in Africa.

Australia and Oceania - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in Australia and Oceania.

Latin America and the Caribbean - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in Latin America and the Caribbean.

Northern America - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in Northern America.

Southern Asia - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in Southern Asia.

South-Eastern Asia - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the passenger car tyre market in South-Eastern Asia.

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