Global Automotive Summer Tire Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Radial, Tube, Tubeless, and Bias.

By Vehicle Type;

Passenger Cars, Commercial Vehicles, and Off-road Vehicles.

By Tire Size;

15 Inches and Below, 16-18 Inches, 19-21 Inches, 22 Inches, and Above.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn850923880 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Summer Tire Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Summer Tire Market was valued at USD 2,893.97 million. The size of this market is expected to increase to USD 4,072.11 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global automotive summer tire market is a dynamic and thriving sector within the broader automotive industry. Characterized by its seasonal demand and specific performance requirements, summer tires play a crucial role in providing optimal traction, handling, and safety during warmer months. As temperatures rise, drivers seek tires that excel in dry and wet conditions while maintaining stability at higher speeds, making summer tires indispensable for a wide range of vehicles, from passenger cars to high-performance sports cars.

In recent years, the automotive summer tire market has witnessed significant growth, driven by several factors. Technological advancements in tire manufacturing have led to the development of innovative tread designs, rubber compounds, and construction techniques, enhancing overall performance and durability. Additionally, increasing consumer awareness regarding the importance of tire maintenance and safety has fueled demand for high-quality summer tires, especially in regions with hot climates or prolonged summer seasons.

Stringent regulations pertaining to fuel efficiency and emissions have spurred the adoption of lightweight and low rolling resistance tires, further boosting market growth. Manufacturers are investing in research and development to create eco-friendly summer tires that not only improve fuel economy but also reduce carbon emissions, aligning with global sustainability goals. Furthermore, the growing popularity of electric vehicles (EVs) has created new opportunities for tire producers, as EVs have unique tire requirements to optimize range and performance.

The automotive summer tire market is poised for continued expansion, driven by ongoing technological innovation, evolving consumer preferences, and regulatory developments. Manufacturers are expected to focus on enhancing tire performance, durability, and sustainability to meet the evolving needs of drivers worldwide. Additionally, collaborations between automakers and tire companies to develop specialized tires for electric and autonomous vehicles are likely to shape the future landscape of the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Tire Size
    4. Market Snapshot, By Region
  4. Global Automotive Summer Tire Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising vehicle production and sales
        2. Increasing demand for performance tires
        3. Advancements in tire technology
        4. Growing preference for SUVs
        5. Expansion of distribution channels
      2. Restraints
        1. Fluctuating raw material prices
        2. Stringent regulations on emissions
        3. Competition from all-season tires
        4. Economic uncertainties
        5. Limited adoption in emerging markets
      3. Opportunities
        1. Shift towards eco-friendly tires
        2. Development of smart tire technology
        3. Expansion in Asia-Pacific region
        4. Customization and personalization trends
        5. Integration of digital platforms
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Summer Tire Market, By Type, 2021 - 2031 (USD Million)
      1. Radial
      2. Tube
      3. Tubeless
      4. Bias
    2. Global Automotive Summer Tire Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
      3. Off-road Vehicles
    3. Global Automotive Summer Tire Market, By Tire Size, 2021 - 2031 (USD Million)
      1. 15 Inches and Below
      2. 16-18 Inches
      3. 19-21 Inches
      4. 22 Inches
      5. Above
    4. Global Automotive Summer Tire Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Michelin
      2. Bridgestone
      3. Continental
      4. Goodyear
      5. Pirelli
      6. Hankook
      7. Yokohama
      8. Dunlop
      9. Sumitomo Rubber Industries
      10. Toyo Tires
  7. Analyst Views
  8. Future Outlook of the Market