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Report Overview

The Europe tire market was volume at 449.08 Million Units in 2024. The industry is expected to grow at a CAGR of 2.60% during the forecast period of 2025-2034. The rising vehicle sales in the region can be credited for the growth. The market saw an increasing demand for passenger and commercial vehicles and a boost in vehicle ownership, which brought a relatively increased demand for tires that come with integrated safety and durability features. Additionally, the growth in second-hand car market sales has also contributed to the demand as consumers replace worn-out tires for smooth transportation. In turn, this has resulted in the market attaining a volume of 580.49 Million Units by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • As per the European Environment Agency, the growth of electric vehicles (EVs) was tremendous. New car registration increased by up to 2.4 million in 2023 as compared to 2.0 million in 2022. This number is only expected to rise in the upcoming years. Hence, this is a lucrative opportunity for tire manufactures. They can create special tires with features like low-rolling resistance, high durability, and performance under different adverse conditions.
  • The European Commission with its Green Deal regulation aims to reduce CO2 emissions by 55% by 2030. From a business perspective, tire manufacturers can develop sustainable tire technologies like tires made from recycled materials, renewed components, or biodegradable rubber to meet the strict regulations and attract eco-conscious consumers, driving the Europe tire market growth.
  • Digital technologies such as tire pressure monitoring systems (TPMS), advanced sensors, and IoT connectivity are becoming the new fundamentals of boosting vehicle performance and safety. Tire manufacturers can invest in IoT sensors, real-time monitoring systems, and data analytics integrated products as most of these technologies favor predictive maintenance, allowing greater life and safety for tires and vehicles. By doing so, a company could provide itself as the foremost supplier of connected tire solutions and help drive the Europe tire market revenue.

Europe Tire Market Overview

As per the Europe tire market analysis, competition in pricing, increased cost of raw materials and rise in regulatory pressures have challenged the market growth in the previous years. Manufacturers could not cut down costs while creating high-performing, durable tires and, at the same time, maintain government-permitted standards. Likewise, the advent of electric vehicles (EVs) changed the requirements of tire designs as these vehicles require lower rolling resistance, durability, and weight management. All such challenging factors were levelled by the manufacturers through intense R&D which eventually led them to smart tire technologies and sustainable manufacturing practices. For instance, one of the world's largest tire manufacturers, Michelin, developed the "Michelin Vision", a tire design that is fully recyclable and airless. This is one of the most unique “green technology” solutions.

Tire manufacturers have shifted towards digital, sustainability-based strategies to fully adopt the changing dynamics and drive the Europe tire market growth. Companies like Bridgestone and Goodyear have developed smart-tire systems in which the installed sensors collect real-time data on pressure, temperature, and wear. This further enhances fleet management and vehicle safety. Further, leading tire companies are also attempting to improve their tire designs for CO2 emission cuts.

Compound Annual Growth Rate

Value in Million Units

2.6%

2025-2034


Europe Tire Market Outlook

*this image is indicative*

Europe Tire Market Growth

The EV market is a promising niche driving the growth of the Europe tire market. Unlike their standard counterparts, EVs require special tires that have high durability, low rolling resistance, and energy efficiency as they have large batteries. However, the overall EV market is growing enormously. To cater to this lucrative niche, companies like Michelin and Bridgestone have developed tires that use less power, can drive further, and are for better performance ethers, propelling the industry demand considerably.

The other emerging Europe tire market niche is sustainable tires, which consume fewer resources and produce wear. Stringent environmental regulations have increasingly created awareness of using greener products. This factor has encouraged many manufacturers to develop tires using renewable materials like dandelion rubber, soy-based compounds and recycled plastics. For example, Continental and Goodyear are two companies who have invested in developing tires made from bio-based materials and recycled content, thereby contributing to a circular economy. Other than standardizing tire designs to meet government regulations, companies can tap into this niche to differentiate their products from competitors and attract eco-conscious customers.

Key Trends and Recent Developments

Europe Tire Market Opportunities

The tire market in Europe is gradually moving towards the aftermarket area as consumers demand value-added services while buying tires. Hence, retailers and manufacturers are increasingly provisioning for services like tire fitting, maintenance, and storage. This is a significant opportunity for the Europe tire market growth. Further, companies that have their own e-commerce platforms enjoy rapid increase of sales through their channels. These channels are also aiding them in reminding consumers of their tire maintenance. These strategies have gained popularity as they enhance consumer satisfaction by offering both convenience and personalization. Additionally, they drive market growth by aligning with consumer preferences for tailored and effortless experiences.

On the other hand, companies are integrating digitalization to complement their physical offerings so that they can build customer loyalty and repeat business. This also differentiates their products and services in such a competitive market. The next growth area for the Europe tire market is smart tires that come with sensor programming and communication capabilities. Tire connectivity monitors performance in real time with metrics like tire temperature, pressure, and tread wear. This helps the drivers with information about their performance and optimizes their tire maintenance. Advanced tires that are connected also alert drivers about potential risks, thereby ensuring driver safety. The growing trend of vehicle connectivity and the incorporation of IoT are set to even more avenues for companies to add value to digital solutions and draw innovation for even greater market growth.

Europe Tire Market Trends

Tire manufacturing processes have improved greatly with technology, which has been a major impetus for the tire demand in Europe. Tire manufactures have undergone constant innovation regarding the lifetime, durability, and fuel efficiency of their tires. All these factors have brought about the currently favored smart tire, run-flat tires, and low rolling resistance tires. These tires belong to a new generation, equipped with sensors and connectivity features that ensure safety and performance. For example, run flats can continue to travel even after a puncture has occurred, which is indeed a convenient feature. Low rolling resistance tires, built to reduce energy loss and improve fuel efficiency, have a great attraction for the eco-friendly minded public.

Governments all over European nations are incorporating fully-fledged tighter regulations and promoting sustainable practices. This has led to consumers increasingly demanding eco-friendly tires for reduced carbon emission. Manufacturers in the Europe tire market are using this factor as a growth opportunity. They are producing tires made from sustainable materials such as natural rubber and are practicing recycling methods to keep waste at a minimum. They are also adopting low GWP materials to minimize environmental impact during tire production.

Europe Tire Market Restraints

  • The raw material costs of natural and synthetic rubber and steel are affecting tire manufacturers as they now cannot pass increased prices of their products to offset rises in production costs.
  • The Europe tire market is overpopulated by both global and local players. This has resulted in inadequate product differentiation for companies to be able to maintain a reasonable average pricing profit.
  • Stringent environmental regulations and requirements such as tire labeling and recycling impose additional costs for compliance and operational complexity, are also hindering the Europe tire market growth. This challenge is particularly observed in small companies that lack resources.

Europe Tire Industry Segmentation

The EMR’s report titled “Europe Tire Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

On the basis of design, the market can be divided into the following:

  • Radial
  • Bias

On the basis of type, the market can be divided into the following:

  • Tube Tire
  • Tireless Tube

On the basis of season type, the market can be divided into the following:

  • Winter Tire
  • Summer Tire
  • All Season Tire

On the basis of vehicle type, the market can be divided into the following:

  • Two-Wheeler and Three-Wheeler
  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light and Medium Commercial Vehicle
  • Others

On the basis of sales channel, the market can be divided into the folowing.

  • OEM
  • Aftermarket

Based on region, the market can be segregated into:

  • United Kingdom 
  • Germany 
  • France 
  • Italy 
  • Others

Europe Tire Market Share

Market Analysis by Design

As per the design analysis, radial tires have held the leading position in generating the Europe tire market revenue. Their superb performance-related features coupled with their durability, fuel efficiency, and handling make them trendy in the market. They make flexible sidewalls with deeper treads for easier stabilization and lower rolling resistance. Radial tire designs are expected to grow at a CAGR of 2.8% over the forecast period. On the other hand, bias tires are known for their rigid and cross-ply design which provides better load-carrying capacity and life, making them applicable in heavy-duty vehicles. There is a certain segment of passenger vehicles where bias tires are not so common; however, they are still preferred mostly for agricultural, industrial, and off-road applications.

Type Insights

Tube tires still hold relevance in the Europe tire market for a few selected applications, such as older models or off-road machinery, where cost-efficiency along with the simplicity of repair play a critical role. Their constructions allow them to be easily patched, which makes them quite popular in industrial and agricultural sectors. Tubeless tires dominate the market because of their safety, performance, and convenience. They also consume less fuel, are light, and require less maintenance. Increased performance, safety, and savings over the long term drive the rising tide of tubeless.

Season Type Analysis

As per the Europe tire industry analysis, season type can be categorized into winter tires, summer tires, and all-season tires. Winter tires are driven by regulatory requirements and increasing consumers’ awareness of cold, snowy, and icy conditions, especially in northern and central Europe. Summer tires are in demand mostly for their handling performance and fuel efficiency during warm and dry periods, as they tend to be a greater number in selection for most drivers during the warmer. The all-season tire segment is experiencing growth due to their convenience.

Vehicle Type Insights

Two-wheeler and three-wheeler tires both of which provide eco-friendliness and cost-effectiveness, have fueled the Europe tire demand. These tires are expected to grow at 3.1% CAGR over the forecast period. Urban consumers have preferred these tires for flexibility and low fuel consumption. The increasing demand for safety, performance, and fuel-efficient passenger vehicle tires through technological advancements for better driving experiences have also propelled this segment. Heavy commercial vehicle tires are in high demand due to their load-bearing capacity, durability, and performance, particularly in long-distance transportation. Light and medium commercial vehicles also drove significant market growth with their versatility, low operational cost, and better fuel efficiency.

Sales Channel Insights

The demand for tires by OEMs in Europe is driven by the increased new vehicle production, where automakers target high performance, fuel efficiency, and safety features. So, OEM tires are critical in meeting the mandatory vehicle specification regulations and improving vehicle specifications, which push for strong collaborations between tires manufacturers and vehicle producers. In addition, the Europe tire market revenue is driven by aftermarket sales. The need for tires replacement which is caused by wear and tear of old tires, season changes, and consumer preference propelled the growth. The market also experienced a surge in aftermarket tire sales due to the availability of internet sales platforms, tire service centers, and retail chains providing customer convenience, competition in price, and availability of varying product types.

Europe Tire Market Regional Analysis

United Kingdom Tire Market Growth

The existing stringent regulations that set requirements for safety and tire performance has been the most crucial factor driving the United Kingdom tire market. For example, tread depth or tire pressure monitoring are important features to consider. The increased adoption of high-performance and eco-friendly tires, because of the rising demand for safety and fuel efficiency in vehicles, has further increased the market growth. The market is expected to grow at 2.5% CAGR over the forecast period. Additionally, the booming EV market has boosted the demand for specific vehicles tires. Online retail platforms and tire subscription services have also helped improve convenience, thereby stimulating customer participation in the aftermarket sales.

Germany Tire Market Insights

The Germany tire market is experiencing tremendous demand for high-performance tires owing to the country's inherent reputation for high-end car manufacturing lives, such as BMW, Audi, and Mercedes-Benz. The mandatory winter tires required during specified months therefore have a big impact on tire sales. The growing acceptance for the electric vehicle (EV) segment is also seen as an area for growth since tires made to meet the demands of EVs require more durability and lower rolling resistance. There is also an emerging emphasis on the sustainability and eco-friendly approach that manufacturers take as a result of strict regulations on emissions and material sourcing.

France Tire Market Trends

The France tire market trends revolve around the rising demand for green tires as consumers and manufacturers are working towards sustainability and making the tires with low rolling resistance to be fuel-efficient. The switch from one season tire to another is now becoming prevalent because people are becoming aware of the winter tire rules in the cold season. In addition to this, advanced technologies used in tires are making them more long-lasting. These also minimize environmental degradation and maintenance costs while being in line with government regulations.

Italy Tire Market Opportunities

The Italy tire market is projected to grow at 3.0% CAGR during the forecast period with a major focus on the sustainability trend with the increasing requirement of eco-friendly tires on the part of both consumers and manufacturers. Moreover, within the private vehicle segment, increased demand for the seasonal replacement of tires is gaining momentum due to different climatic conditions prevailing in Italy, leading to base demand for winter and summer tires. In addition, Italy's strong automotive industry, where most brands focused on this market include luxury and performance vehicles, boosts the demand for high-performance tires, thus making way for premium tire brands.

Competitive Landscape

The market is mostly dominated by key Europe tire market players like Bridgestone, Continental, Michelin, and Goodyear. Startups and small-scall Europe tire market companies are competing to gain market share. They are focusing on innovation, sustainability, and advanced technologies for introducing fuel-efficient, environmentally friendly tires in the market.

Bridgestone Corporation

Based in Japan, founded in 1931, Bridgestone Corporation is a company that specializes in manufacturing tires for passenger cars, trucks, buses, motorcycles, and off-road vehicles. Some of the company products include the high-performing tire called Potenza. Turanza is typically for comfort and touring purposes while Blizzak is for winter driving conditions. All of these tires are durable, save fuel and are safe.

Continental AG

Continental AG is a Germany-headquartered company that is known for passenger, commercial, and speci...

Sumimoto Rubber Industries, Ltd.

Sumimoto Rubber Industries, Ltd. based in the United Kingdom, is a market leader in Europe when it c...

The Goodyear Tire & Rubber Company

The Goodyear Tire & Rubber Company, established in 1898, is an American company that has a considera...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the market report are Hankook Tire & Technology Co., Ltd., Pirelli & CSpA, Michelin Group, AEOLUS TYRE Co. Ltd., Apollo Tyres Ltd., The Yokohama Rubber Co., Ltd., among others.

Innovative Startups

The tire startups in Europe are focused on sustaining, innovating, and improving performance in all aspects. They are developing products that are sustainable and environmentally conscious. They are also focused on improving their manufacturing capabilities with digital technologies. Some of the automobile companies have collaborated to achieve better designs. These tire startups are increasingly emphasizing circular economy to drive growth.

TyreFlow

TyreFlow is an emerging Europe-based tire company that aims at developing technologies in the area of tire care and performance enhancement. One of their flagship products, the TyreFlow sensor, is a tire pressure temperature "watch" that provides real-time data for commercial and private vehicles. By providing continuous information, the TyreFlow sensors help to cut fuel consumption and extend tire lifetime. The company will also focus a lot on IoT technology and data analytics to achieve predictive views which will improve tire management. Further, they are developing alliances with fleet operators and car manufacturers.

HysetCo

HysetCo is an innovative startup based in France, that promotes sustainable transport through new and innovative solutions on hydrogen tires. The company’s product line is mostly developed from sustainable materials which in turn will help to lower the carbon footprints of tire manufacturing process.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the Europe tire market reached an approximate volume of 449.08 Million Units.

The market is projected to grow at a CAGR of 2.60% between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a volume of around 580.49 Million Units by 2034.

The major drivers of the market are the increasing demand for passenger and commercial vehicles, technological improvements in tire manufacturing processes and tighter government regulations.

The key trends of the market include emerging considerations for tires in electric vehicles, heightened awareness regarding sustainability, evolving digitalization and smart tires, seasonal and winter tire advancement.

The major regions in the market are United Kingdom, Germany, France, Italy, and others.

The various designs considered in the market report are radial and bias.

The different types of tires considered in the market report are tube tire and tireless tube.

The major players in the market are Bridgestone Corporation, Continental AG, Sumimoto Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Hankook Tire & Technology Co., Ltd., Pirelli & CSpA, Michelin Group, AEOLUS TYRE Co. Ltd., Apollo Tyres Ltd., The Yokohama Rubber Co., Ltd., among others.

The different season types mentioned in the Europe tire market are winter tire, summer tire, and all-season tires.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Design
  • Type
  • Season Type
  • Vehicle Type
  • Sales Channel
  • Region
Breakup by Design
  • Radial
  • Bias
Breakup by Type
  • Tube Tire
  • Tubeless Tire
Breakup by Season Type
  • Winter Tire
  • Summer Tire
  • All Season Tire
Breakup by Vehicle Type
  • Two-Wheeler and Three-Wheeler
  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light and Medium Commercial Vehicle
  • Others
Breakup by Sales Channel
  • OEM
  • Aftermarket
Breakup by Region
  • United Kingdom
  • Germany
  • France
  • Italy
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bridgestone Corporation
  • Continental AG
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • Hankook Tire & Technology Co., Ltd.
  • Pirelli & CSpA
  • Michelin Group
  • AEOLUS TYRE Co. Ltd.
  • Apollo Tyres Ltd.
  • The Yokohama Rubber Co., Ltd.
  • Others

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