Europe Tire Market to Surpass USD 52.25 billion by 2030, Growing at 3.20% CAGR

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Europe Tire Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the Europe Tire, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Europe Tire Market Timeline Overview

• Historical Years: 2020–23
• Base Year: 2024
• Forecast Years: 2025–2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report: -  https://www.marknteladvisors.com/query/request-sample/europe-tire-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Europe Tire Market Outlook

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 growth of the market would be propelled mainly by the increasing sales of vehicles due to the changing living standards and greater inclination of the people toward private vehicle ownership across Europe, i.e., directly impacting the demand for tires. As car owners across Europe are becoming increasingly aware of the importance of timely tire inspection & replacement to ensure utmost safety & excellent driving experience, more and more tire manufacturers are expanding their production facilities in the region. As a result, the tire industry in Europe is expanding at a rapid pace & generating lucrative prospects for the leading tire makers, thus enhancing the Europe Tire Market size as well.

Europe Tire Market Drivers:

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.

View Full Report (All Data, In One Place): - https://www.marknteladvisors.com/research-library/europe-tire-market.html  (Explore in-depth analyses, technological trends, and investment patterns.)

Europe Tire Market Trends:

Emerging Smart Tire Innovation – Technological advancement is a pivotal force boosting the Europe tire market’s growth trajectory. Leading manufacturers are investing in smart tire technologies, integrating sensors for real-time monitoring of pressure, temperature, and tread wear, which enhances safety and enables predictive maintenance. Innovations such as airless tires, advanced tread designs, and the use of nano-materials and silica compounds are improving durability, traction, and energy efficiency, especially for electric and high-performance vehicles. Also, artificial intelligence is also being utilized for wear forecasting and optimizing tire life cycles. These advancements not only meet the stringent EU safety and environmental regulations but also cater to the evolving needs of consumers and fleets seeking longer-lasting, eco-friendly, and high-performance tires, thereby driving sustained market expansion.

Europe Tire Market Segmentation

The study categorizes the Europe Tire Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type of Vehicle

• Passenger Car- Market Size & Forecast 2020-2030, Thousand Units
• Light Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
• Medium & Heavy Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
• Two Wheelers- Market Size & Forecast 2020-2030, Thousand Units
• Off the Road (OTR) Vehicles- Market Size & Forecast 2020-2030, Thousand Units

By Demand Category

• OEM- Market Size & Forecast 2020-2030, Thousand Units
• Replacement- Market Size & Forecast 2020-2030, Thousand Units

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

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Country

• The UK
• Germany
• France
• Italy
• Spain
• Poland
• The Netherlands
• Romania
• Belgium
• Slovakia
• Finland
• Norway
• Sweden
• Denmark
• Rest of Europe.

Talk to Our Industry Analyst:  - https://www.marknteladvisors.com/query/talk-to-our-consultant/europe-tire-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Europe Tire Market Worldwide: Players, Analysis & Future Outlook

Michelin, Continental, Bridgestone, Pirelli, Dunlop, Hankook, Goodyear, Nokian, Yokohama, Cooper Tires, Kumho, Vredestein, Toyo, other are the top companies in the Europe Tire Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/europe-tire-market.html   

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Europe Tire Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Europe Tire Market?
   4. Who are the prominent players in the Europe Tire Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.

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