Brazil Automotive Tyre Market Report and Forecast 2025-2034

Brazil Automotive Tyre Market Outlook

The Brazil automotive tyre market attained a value of nearly USD 1.99 billion in 2023. The market is projected to grow at a CAGR of 7.3% between 2024 and 2032 to reach a value of around USD 3.74 billion by 2032.

Key Trends in the Market

Automotive tyre refers to a ring-shaped component of a vehicle which provides traction on the surface on which an automobile accelerates. It is made up of a strong and flexible rubber material offering gripping as well as surface cushioning.

• The increasing sales of automobiles, fuelled by rising disposable incomes and escalating living standards, are bolstering the Brazil automotive tyre market growth.

• Favourable federal diesel tax policies introduced by the Brazilian government aimed towards increasing the affordability of passenger cars are expected to heighten the application of automotive tyres in the forecast period.

• The rising investments by key players to expand and modernise their tyre production plants amid the growing vehicle demand and the rising demand for premium tyres are some of the crucial Brazil automotive tyre market trends.

Market Analysis

Based on season type, the market is segmented into summer, winter, and all season. On the basis of rim size, the market is classified into less than 15 inch, 15-20 inch, and more than 20 inch. By vehicle, the market is divided into passenger cars, commercial vehicles, and luxury/premium vehicles. Based on distribution channel, the market is segmented into OEM and aftermarket.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Brazil automotive tyre market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Bridgestone Corporation

• Continental AG

• The Goodyear Tire & Rubber Company

• Hankook Tire & Technology Co., Ltd.

• Pirelli & C. S.p.A.

• Sumitomo Rubber Industries, Ltd.

• Yokohama Rubber Co., Ltd.

• Toyo Tire Corporation

• Others

Market Share by Rim Size

The 15-20 inch segment accounts for a significant share of the Brazil automotive tyre market. Higher visual appeal, along with greater control enabling drivers to handle the vehicle more efficiently, of such tyres is escalating the segment’s growth. 

In addition, 15-20 inch tyres offer enhanced ride quality, which is further heightening their utilisation in passenger vehicles. Furthermore, these types of automotive tyres facilitate a safe driving experience by improving the gripping and traction between the tyres and the road.

Market Share by Vehicle

Luxury/premium vehicles are likely to witness a heightened growth in the forecast period, driven by the growing popularity of luxury car brands and the proliferation of super sports cars. Over the forecast period, the anticipated increase in penetration of international brands in the country is likely to fuel product innovations and bolster tyre demand.

Moreover, the rising disposable income is likely to further boost the demand for luxury cars in the coming years. Such factors are also expected to surge the demand for premium tyres as they are more durable, high-performance, and wear and tear-resistant.

Competitive Landscape

Bridgestone Corporation is a company which manufactures tyre and rubber products for SUVs, CUVs, and luxury cars, among others. It was founded in 1931 and is headquartered in Tokyo, Japan.

Continental AG is a leading multinational automotive part manufacturer that has expertise in tyres, brake systems, and vehicle electronics, among others. The company was founded in 1871 and is headquartered in Hanover, Germany.

The Goodyear Tire & Rubber Company is a renowned company which develops, distributes, and sells tyres. The company also offers rubber-related chemicals. It was established in 1898 and is headquartered in Ohio, the United States.

Other market players include Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., Yokohama Rubber Co., Ltd., and Toyo Tire Corporation, among others.

Key Highlights of the Report