Automotive Tire OEM Market Share

Asia Pacific Market Forecast

The Asia Pacific automotive tire OEM market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036, backed by the presence of a strong automobile network in the region, a growing number of vehicles, as well as the growing awareness amongst the automobile users for the automotive OEM tire. For instance, globally, China with 300 million motor vehicles, has the largest fleet of motor vehicles in 2022.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of automotive tire original equipment manufacturer (OEM) is estimated at USD 24 Billion.

The automotive tire original equipment manufacturer (OEM) market size was over USD 23.03 Billion in 2023 and is set to cross USD 41.85 Billion by the end of 2036, growing at more than 4.7% CAGR during the forecast period i.e., between 2024-2036. Increasing awareness about the performance of OE tires as well as rising investment for developing OE tires along with a surge in the demand for vehicles are some of the major factors anticipated to drive the growth of the market.

Asia Pacific is projected to hold majority industry share by 2036, backed by presence of a strong automobile network in the region, a growing number of vehicles, as well as growing awareness amongst the automobile users for the automotive OEM tire.

Goodyear Tire & Rubber Company, Yokohama Europe GmbH, Bridgestone Corporation, Pirelli & C. S.p.A., Giti Tire Pte Ltd., Continental AG, Falken Tyre Europe GmbH, Nitto Denko Corporation, Toyo Tire Corporation, JK Tyre & Industries Ltd.

Automotive Tire OEM Market Share