The European automotive tire market will be valued at USD 75 billion in 2025, reflecting a 12.3% increase from its 2023 valuation of USD 68.4 billion. With a much higher forecasted value of USD 115.3 billion in 2035, the market will experience a 4.8% annual growth rate (CAGR).
The European automotive tire market is poised to experience a tremendous boost, as it is driven by the ever-growing demand for replacement and original equipment (OE) tires. The constantly rising number of vehicles, coupled with the advancements in tire technology, which were only recently created, are the major driving forces behind market growth.
The Europe Automotive Tire Market is projected to experience steady growth from 2025 to 2035, driven by the increasing demand for fuel-efficient tires, advancements in tire technology, and rising adoption of electric vehicles (EVs). With stringent European Union (EU) emission regulations and a strong focus on sustainability, tire manufacturers are investing in eco-friendly, durable, and high-performance tires to meet evolving consumer demands. The growing preference for premium tires, all-season variants, and intelligent tire systems is further shaping the market landscape.
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Key Takeaways
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Market Growth: The European tire market is expanding, supported by rising vehicle production and replacement tire demand.
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Shift Toward Sustainable Tires: Growing adoption of low-rolling-resistance and recycled-material tires is driven by EU environmental policies.
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EV & Autonomous Vehicle Influence: The rise in electric and autonomous vehicles is increasing demand for specialized, noise-reducing, and energy-efficient tires.
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Technology Integration: Development of smart tires with sensors for real-time monitoring is enhancing vehicle safety and performance.
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Dominance of Premium & High-Performance Tires: Europe has a strong demand for premium tires due to luxury and sports car sales.
Key Drivers
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Stringent EU Regulations on CO₂ Emissions & Fuel Efficiency
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Rising Demand for All-Weather & Winter Tires Due to Seasonal Variations
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Increased Adoption of Smart Tires with IoT & AI Technology
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Growth in E-Commerce & Online Tire Sales
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Advancements in Tire Materials (Recyclable, Sustainable, and Lightweight Materials)
Growth Opportunities
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Expansion of EV-Specific Tire Market (Low Noise & High Durability)
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Increasing Demand for Run-Flat & Self-Healing Tires
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Growth in Online Tire Retail & Direct-to-Consumer Sales
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Adoption of AI & Predictive Maintenance in Tire Management
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Focus on Recycled & Eco-Friendly Tire Manufacturing
Key Applications
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Passenger Cars (Luxury, Sports, SUVs, & Sedans)
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Commercial Vehicles (LCVs, HCVs, & Buses)
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Electric & Hybrid Vehicles
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Off-Road & Industrial Vehicles
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Key Players
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Michelin
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Bridgestone Corporation
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Continental AG
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Pirelli & C. S.p.A.
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Goodyear Tire & Rubber Company
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Hankook Tire & Technology Co., Ltd.
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Yokohama Rubber Company, Ltd.
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Apollo Tyres Ltd.
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Nokian Tyres
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Sumitomo Rubber Industries, Ltd.
Key Segmentations
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By Tire Type: Summer, Winter, All-Season Tires
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By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles
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By Sales Channel: OEMs, Aftermarket, Online Retailers
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By Material: Synthetic Rubber, Natural Rubber, Recycled Rubber
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By Region: Western Europe, Eastern Europe, Northern Europe, Southern Europe
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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