Radial Tires Market Size, Share & Industry Analysis, By Rim Size (13''-15'', 16-18'', 19-21'', and Above 21''), By Tire Type (Tubeless and Tube), By Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecast, 2025-2032

The global radial tires market size was valued at USD 37.95 billion in 2024. The market is projected to grow from USD 40.45 billion in 2025 to USD 64.23 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period.

Radial tires are a specific type of tire design in which the cord plies are arranged at a 90-degree angle to the direction of travel, extending from one bead to the other. The market is driven by the increasing production and sales of vehicles, including passenger cars, light commercial vehicles, and heavy-duty trucks, which significantly influence the demand for radial tires. Innovations in tire technology, including improvements in fuel efficiency, durability, and safety features, further enhance the appeal of these tires.

• According to the International Organization of Motor Vehicle Manufacturers, around 93.5 million vehicles were sold in 2023, representing a growth of about 10.2%, compared to the last year.

The market is competitive, with top manufacturers such as Bridgestone, Michelin, Goodyear, Continental, Pirelli, Yokohama, and Hankook emphasizing technological innovation, product performance, and regional growth. Bridgestone and Michelin lead in premium tires segment, while Goodyear and Continental focus on fuel-efficient and electric vehicle tires. Yokohama, Hankook, and Pirelli specialize in motorsport and specialty tires, driven by smart tire technologies and OEM partnerships.

MARKET DYNAMICS

MARKET DRIVERS

Increasing Production and Sales of Vehicles to Support Market Development 

Automakers equip new passenger cars, commercial vehicles, and off-road vehicles with radial tires due to their durability, fuel efficiency, and better traction. Increased vehicle production, particularly in China, India, and others, is driving increased demand for tires from OEMs. Moreover, automakers prefer these types of tires due to their longer lifespan, reducing the need for frequent replacements. This preference further supports the growth of the radial tires market during the forecast period.

• China recorded sales of around 30.2 million vehicles in 2023, up by 12% compared to the previous year, when total sales reached around 27 million units overall.

MARKET RESTRAINTS

Competition from Alternative Technologies Hampers Market Development

The emergence of alternative tire technologies, such as run-flat and airless tires, poses a challenge to the market. These innovations offer perceived advantages such as enhanced safety and longevity, which may shift consumer interest away from traditional tires. As a result, manufacturers are under pressure to increase investment in research and development to remain competitive, hampering the growth of the radial tires market.

• In October 2024, Titan International and Carlstar Group introduced Variable Pressure Operation (VPO) Technology at Equip Exposition in Louisville. This flat-proof innovation serves as a versatile alternative to tweel and airless polyurethane wheels, operating effectively at pressures down to zero psi. The VPO Technology offers a flat-proof design that enhances durability beyond that of traditional tires.

MARKET OPPORTUNITIES

Increasing Product Demand in the Off-road and Agricultural Sector Provides Market Opportunity

The mechanization of farming and the rise in precision agriculture are increasing the demand for durable tires used in tractors, harvesters, and other agricultural equipment. Major players in the market are developing tires specifically designed for the agricultural sectors. Thus, the development of rugged, puncture-resistance tires tailored for off-road and agricultural applications presents new revenue streams, fostering radial tires market growth.

• In August 2024, Firestone AG, a division of Bridgestone Americas, launched a new line of radial tires for grain carts by adding the Destination Cart radial tire to its product portfolio. This innovative tire features an extra-wide footprint that helps reduce soil compaction and a shallow R-1 skid depth to limit soil disturbance. The Destination Cart tire utilizes Advanced Deflection Design (AD2) technology, allowing it to support heavier loads at lower inflation pressures.  This combination of features, particularly its expansive footprint, makes the Destination Cart tire ideal for agricultural applications by protecting soil health.

RADIAL TIRES MARKET TRENDS

Increasing EV sales and the Integration of Smart Technologies Propels Market Advancement 

The increasing adoption of electric vehicles (EVs) is fueling demand for specialized tires that offer low rolling resistance and enhanced durability to support EVs' unique performance characteristics. Additionally, advancements in smart tire technologies, such as sensors for real-time monitoring, are enhancing safety and performance. Manufacturers are also focusing on sustainability by integrating eco-friendly materials and developing tires optimized for fuel efficiency. Thus, all these factors elaborate the global radial tire market trend, propelling growth in the forecasted period.

• The IEA reports that electric car sales continued to perform well in the first quarter of 2024, exceeding sales from the same period in 2023 by approximately 25%, with over 3 million units sold.

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Segmentation Analysis

By Vehicle Type

Passenger Cars Segment Led due to its Wide Adoption 

Based on vehicle type, the market is classified into passenger cars, light commercial vehicle, and heavy commercial vehicle.

The passenger cars segment dominated the market in 2024, driven by its wide adoption across all the regions by individuals and corporate fleet owners such as taxis and others. Radial tire lasts longer, which provides automakers with a practical in equipping their passenger cars with radial tires, thereby driving market adoption.

• In January 2025, GT Radial partnered with SUBARU to provide race tires for the Subaru BRZ Super Series 2025.

The light commercial vehicle segment is poised to register the fastest-growing CAGR during the forecasted period (2025-2032). The growth of this segment is mainly driven by the boom in the e-commerce industry, last-mile delivery, and its growing applications in various sectors.

The heavy commercial vehicle segment is experiencing a high-growth rate, driven by the rising demand for heavy duty vehicles in the construction, mining, and long-distance transportation sectors.

By Rim Size

Wide Use of in 16-18'' Rim Size in SUVs Encouraged Segment Growth

Based on rim size, the market is divided into 13''-15'', 16-18'', 19-21'', and Above 21''.

The 16-18'' segment accounted for the largest share of the market in 2024. This rim size is widely used in SUVs, crossovers, and light trucks, which have gained popularity globally due to their versatility, comfort, and off-road capabilities. Thus, increasing consumer preference for SUVs, particularly in regions such as North America, Europe, and Asia Pacific is driving demand for tires in this category.

• According to the International Energy Agency, SUVs accounted for around 48% of worldwide vehicle sales in 2023.

The 13''-15'' rim size is estimated to gain traction in the near future. Automakers such as Suzuki, Hyundai, and Toyota, commonly equip their entry-level and mid-range models with 13-15” tires as standard. As car ownership continues to rise in emerging markets, this OEM trend is expected to sustain demand for this tire segment.

By Tire Type

Reduce Risk of Sudden Air Loss Boosts Tubeless Tires Segment Growth

Based on tire type, the market is segmented into tubeless and tube.

Tubeless tires hold a major share of the market and are also expected to register the fastest-growing CAGR during the forecasted period. These types reduce the risk of sudden air loss in the event of minor punctures, thereby enhancing safety. Additionally, the absence of an inner tube lowers the risk of tire bursts, making them a preferable choice for high-speed vehicles.  

Tube tires are mostly preferred for off-road applications. These types of tires perform well in agriculture, forestry, and mining, where road conditions are rough. They provide better cushioning and stability on unpaved roads compared to some tubeless alternatives.

Radial Tires Market Regional Outlook

By geography, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

North America

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North America holds the second-largest share of the market in 2024. The increasing production and sales of luxury, autonomous, passenger, and commercial vehicles are major contributors to the demand for tires in the region. Additionally, advancements in tire manufacturing technologies, such as the development of smart tires and eco-friendly materials, are enhancing performance and sustainability, which drives the growth of the market in the region.

In the U.S., SUVs have become the dominant vehicle choice. This shift has increased the demand for specialized radial tires that offer durability, traction, and stability to accommodate the unique characteristics of SUVs. As a result, tire manufacturers are focusing on developing products tailored to meet the needs of SUV owners, further driving market growth

• From January to October 2024, SUVs market share in the U.S. accounted for around 58.4%.

Europe

The radial tire market outlook in Europe is expected to grow significantly, fueled by stringent environmental regulations, increasing EV adoption, and demand for high-performance tires. The region's strong automotive industry, led by Germany, France, and others, fuels radial tire demand, especially in premium passenger cars and commercial fleets. In Northern Europe, the winter tire regulations further contribute to market expansion. Additionally, advancements in connected and intelligent tire technologies are catering to evolving consumer and industry needs across the region.

Asia Pacific

Asia Pacific is projected to be the fastest-growing region, with a CAGR of around 23% during the forecast period. The region held the largest radial tires market share in 2024 due to rapid urbanization, increasing vehicle production, and rising disposable incomes. Countries such as China, India, and Japan, are leading automobile manufacturing hubs, driving demand for OEM tires. Additionally, the region is also witnessing increased EV adoption, alongside growing domestic tire production, particularly in China and India. These developments enhance supply chain resilience and also drive innovation in radial tire technology, further fueling market growth in the region.

• In 2023, China accounted for around 60% of the electric car sales globally, generating significant demand for radial tires in the region.

Rest of the World

The market in the rest of the world, which includes, South America, the Middle East, and Africa is expected to witness considerable growth in the near future. Growth is primarily driven by rising vehicle imports, expanding construction activities, and growing transportation networks. Countries such as Brazil and Mexico lead regional automobile sales, directly influencing the increasing demand for OEM and replacement tires in the region.

• In 2023, Brazil imported around USD 6.1 billion worth of vehicles, achieving 28 position in importing cars. In 2024, From January to March, Passenger car imports increased by around 46% compared to the previous year.

COMPETITIVE LANDSCAPE

Key Industry Players

Key Market Players Focus on Product Innovation to Drive Sustainability 

The market is highly competitive, with key players focusing on technological advancements, product innovation, and regional expansion. Leading manufacturers, including Bridgestone Corporation, Michelin, Goodyear Tire Rubber Company, Continental Ag, Pirelli, Yokohama, and Hankook, compete on factors such as performance, durability, and sustainability. Bridgestone and Michelin lead in premium and high-performance tires, while Goodyear and Continental focus on fuel-efficient and electric vehicle tires. Yokohama, Hankook, and Pirelli emphasize motorsport and specialty tires. The market is shaped by OEM partnerships and integration of smart tire technologies such as TPMS, self-sealing, and low rolling resistance features, drive competition.

• In March 2025, Bridgestone Americas launched the Bridgestone R273 Ecopia regional steer tire and the Duravis M705 for mixed fleet vehicles used in pickup and last-mile delivery. Debuting at the 2025 TMC Annual Meeting, the R273 Ecopia features a new tread design to reduce shoulder wear and enhance mileage, while the Duravis M705 incorporates ENLITEN technology for improved durability and fuel efficiency. These launches showcase Bridgestone's commitment to sustainability through the use of innovative materials.

LIST OF KEY RADIAL TIRES COMPANIES PROFILED

• Apollo Tyres Ltd. (India)


• Bridgestone Corporation (Japan)


• CEAT Limited (India)


• Continental AG (Germany)


• Giti Tire Pte. Ltd. (Singapore)


• Goodyear Tire & Rubber Company (U.S.)


• Hankook Tire & Technology Co., Ltd. (South Korea)


• Michelin Group (France)


• Pirelli & C. S.p.A. (Italy)


• Yokohama Rubber Company, Limited (Japan)

KEY INDUSTRY DEVELOPMENTS

• March 2025: Hankook Tire unveiled its fifth-generation truck and bus radial TBR tire market product at the TMC Annual Meeting in Nashville. TBR tire manufacturers (truck and bus radial tire), such as Hankook also shared updates on expanding its Tennessee plant to boost TBR production capacity.


• March 2025: GT Radial launched the MaxClimate, an all-weather tire for grand touring and CUV vehicles. Designed for year-round use, it offers traction in severe snow and inclement weather conditions. The tire is 3-Peak Mountain Snowflake-certified and comes with a 60,000-mile limited treadwear warranty.


• March 2025: BKT showcased its EARTHMAX tire range at AGG1 2025, held from March 25 to 27 at the America’s Center Convention Complex in St. Louis, Missouri. At booth #408, BKT will feature the EARTHMAX SR 41, designed for loaders and dozers with an all-steel structure and block design for durability and puncture resistance. Also on display are the EARTHMAX SR 45 M, offering traction for long hauls, and the EARTHMAX SR 49, built for heavy-duty operations in mining environments with superior stability and durability.


• July 2024: BKT introduced the FL 695, a steel-belted radial tire designed to enhance trailer performance in construction and agro-transport applications, offering durability, stability, puncture resistance, and self-cleaning capabilities.


• March 2023: Yokohama unveiled the Galaxy Hippo all-steel radial high-traction loader tire and introduced new sizes for the RT41 L-4 Radial and RL52 loader radial tires at CONEXPO 2023.


• August 2022: GRI launched the GREEN XLR EARTH Series, one of the world’s first sustainable radial agriculture tires, developed with 37.5% sustainable materials. Designed to enhance tractor performance globally, it combines environmental protection with superior functionality and productivity.


• May 2022: Bridgestone Americas launched the R192E all-position radial tire designed for electric buses. It features ultra-low rolling resistance, high load capacity, and compatibility with all bus types, enhancing daily range and maximizing operation on a single charge

REPORT COVERAGE

The global market analysis provides market size and forecast by all the segments included in the report. It includes details on the market dynamics and trends expected to drive the market in the forecast period. It offers information on the technological advancement and demand for tires in key regions/countries, key tire industry developments, new product launches, and details on partnerships, mergers & acquisitions in key countries. The report covers a detailed competitive landscape with information on the market share and profiles of key players.

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Report Scope & Segmentation