레이디얼 타이어 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트와 예측(2024-2032년)

Growth Factors of radial tires Market

The global radial tires market continues to expand steadily, driven by rising vehicle production, advancements in tire technology, and increasing demand for durable and fuel-efficient tires. According to the latest market evaluation, the global radial tires market size was valued at USD 37.95 billion in 2024, is projected to rise to USD 40.45 billion in 2025, and is expected to reach USD 64.23 billion by 2032. Asia Pacific emerged as the dominant region in 2024, accounting for 51.7% of the global share, driven by large automotive manufacturing bases in China, India, and Japan.

Radial tires are uniquely designed with cord plies oriented at a 90-degree angle to the direction of travel, offering better traction, improved fuel efficiency, and enhanced comfort. These structural advantages have made radial tires the preferred choice for passenger cars, commercial vehicles, and heavy-duty trucks. The market benefits significantly from surging global vehicle sales. According to the International Organization of Motor Vehicle Manufacturers, 93.5 million vehicles were sold in 2023, marking a 10.2% increase from 2022-directly boosting radial tire demand.

Market Dynamics

Market Drivers

A key driver of the radial tires market is the rapid increase in vehicle production and sales, especially in emerging economies. China recorded 30.2 million vehicle sales in 2023, a 12% rise compared with 2022. Automakers consistently equip new vehicles with radial tires due to their long lifespan, reduced rolling resistance, and improved road performance. OEMs increasingly prefer radial tires to boost vehicle longevity while lowering maintenance costs.

Market Restraints

Despite strong growth, the market faces pressure from alternative tire technologies such as run-flat and airless tires. These emerging products offer enhanced durability and puncture resistance, shifting consumer interest away from conventional tire formats. In October 2024, Titan International and Carlstar Group introduced Variable Pressure Operation (VPO) Technology, capable of operating at zero psi, highlighting the competitive challenges radial tire manufacturers face.

Market Opportunities

The agricultural and off-road sectors are creating significant opportunities for radial tire manufacturers. Mechanization in farming and growing adoption of precision agriculture require high-performance, puncture-resistant tires. In August 2024, Firestone AG (Bridgestone) introduced the Destination Cart radial tire, designed with an extra-wide footprint and AD2 technology to support heavier loads at lower pressure, expanding opportunities within the agricultural equipment market.

Market Trends

The global rise in electric vehicle (EV) adoption is shaping new demand patterns. EVs require specialized low-rolling-resistance radial tires that support battery efficiency and withstand high torque. According to the International Energy Agency, EV sales in Q1 2024 exceeded the same period in 2023 by approximately 25%, surpassing 3 million units. Smart tire technologies-such as real-time pressure sensors and predictive maintenance tools-are becoming mainstream, further transforming market expectations.

Segmentation Analysis

By Vehicle Type

The passenger cars segment led the market in 2024 due to widespread adoption by individual consumers and corporate fleets. Automakers prefer radial tires for passenger cars due to their durability.

The light commercial vehicle (LCV) segment is projected to grow fastest from 2025 to 2032, driven by e-commerce expansion and last-mile delivery demands.

The heavy commercial vehicle (HCV) segment continues to grow due to increased construction, mining, and long-haul transportation activities.

By Rim Size

The 16-18 inch rim size segment accounted for the largest share in 2024 due to its widespread use in SUVs and crossovers. SUVs made up 48% of global vehicle sales in 2023, strengthening this segment.

The 13-15 inch segment is expected to grow as automakers equip compact models from Suzuki, Hyundai, and Toyota with these rims.

By Tire Type

Tubeless tires dominated the market and are projected to grow fastest due to improved safety and reduced risk of sudden air loss.

Tube tires remain popular in off-road, forestry, and mining applications due to better stability on uneven surfaces.

Regional Outlook

Asia Pacific

Asia Pacific led the market in 2024, valued at USD 19.62 billion, supported by high vehicle production and rapid EV adoption. China contributed nearly 60% of global EV sales in 2023.

North America

North America held the second-largest share, driven by rising SUV sales, which accounted for 58.4% of U.S. vehicle demand from January to October 2024. Manufacturers are focusing on smart, durable radial tires for autonomous and luxury vehicles.

Europe

Strict environmental regulations, winter tire policies, and rapid EV penetration fuel strong demand for advanced radial tires across Germany, France, and Scandinavian countries.

Rest of the World

Growth in South America, the Middle East, and Africa is supported by rising construction activities, increasing imports, and expanding transportation networks. Brazil imported USD 6.1 billion worth of vehicles in 2023, driving aftermarket tire demand.

Competitive Landscape

Leading companies-Bridgestone, Michelin, Goodyear, Continental, Yokohama, Hankook, Pirelli, Apollo Tyres, and CEAT-continue to innovate with smart tire sensors, sustainable materials, and EV-optimized tires. In March 2025, Bridgestone Americas launched the R273 Ecopia and Duravis M705 tires, engineered for improved fuel efficiency and durability.

Conclusion

With the market growing from USD 37.95 billion in 2024 to USD 40.45 billion in 2025, and poised to reach USD 64.23 billion by 2032, radial tires will remain essential to global vehicle performance, safety, and sustainability. Advancements in EV-ready tires, smart technologies, and agricultural applications will drive the next phase of industry evolution.

Segmentation By Vehicle Type

• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Rim Size

• 13''-15''
• 16-18''
• 19-21''
• Above 21''

By Tire Type

• Tubeless
• Tube

By Region

• North America (By Vehicle Type, Rim Size, Tire Type, and Country)
  • U.S. (By Vehicle Type)
  • Canada (By Vehicle Type)
  • Mexico (By Vehicle Type)
• Europe (By Vehicle Type, Rim Size, Tire Type, and Country)
  • Germany (By Product Type)
  • U.K. (By Vehicle Type)
  • France (By Vehicle Type)
  • Rest of Europe (By Vehicle Type)
• Asia Pacific (By Vehicle Type, Rim Size, Tire Type, and Country)
  • China (By Vehicle Type)
  • Japan (By Vehicle Type)
  • India (By Vehicle Type)
  • South Korea (By Vehicle Type)
  • Rest of Asia Pacific (By Vehicle Type)
• Rest of the World (By Vehicle Type, Rim Size, Tire Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
• 4.2. Latest Technological Advancements
• 4.3. Porters Five Forces Analysis
• 4.4. Regulatory Landscape
• 4.5. Impact of COVID-19 Pandemic on Global Radial Tires Market

5. Global Radial Tires Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Definition
• 5.2. Market Analysis, Insights and Forecast - By Vehicle Type
  • 5.2.1. Passenger Cars
  • 5.2.2. Light Commercial Vehicle
  • 5.2.3. Heavy Commercial Vehicle
• 5.3. Market Analysis, Insights and Forecast - By Rim Size
  • 5.3.1. 13''-15''
  • 5.3.2. 16-18''
  • 5.3.3. 19-21''
  • 5.3.4. Above 21''
• 5.4. Market Analysis, Insights and Forecast - By Tire Type
  • 5.4.1. Tubeless
  • 5.4.2. Tube
• 5.5. Market Analysis, Insights and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Rest of the World

6. North America Radial Tires Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.1.1. Passenger Cars
  • 6.1.2. Light Commercial Vehicle
  • 6.1.3. Heavy Commercial Vehicle
• 6.2. Market Analysis, Insights and Forecast - By Rim Size
  • 6.2.1. 13''-15''
  • 6.2.2. 16-18''
  • 6.2.3. 19-21''
  • 6.2.4. Above 21''
• 6.3. Market Analysis, Insights and Forecast - By Tire Type
  • 6.3.1. Tubeless
  • 6.3.2. Tube
• 6.4. Market Analysis, Insights and Forecast - By Country
  • 6.4.1. U.S.
    • 6.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.4.2. Canada
    • 6.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.4.3. Mexico
    • 6.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type

7. Europe Radial Tires Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.1.1. Passenger Cars
  • 7.1.2. Light Commercial Vehicle
  • 7.1.3. Heavy Commercial Vehicle
• 7.2. Market Analysis, Insights and Forecast - By Rim Size
  • 7.2.1. 13''-15''
  • 7.2.2. 16-18''
  • 7.2.3. 19-21''
  • 7.2.4. Above 21''
• 7.3. Market Analysis, Insights and Forecast - By Tire Type
  • 7.3.1. Tubeless
  • 7.3.2. Tube
• 7.4. Market Analysis, Insights and Forecast - By Country
  • 7.4.1. Germany
    • 7.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.4.2. France
    • 7.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.4.3. U.K.
    • 7.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.4.4. Rest of Europe
    • 7.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type

8. Asia Pacific Radial Tires Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.1.1. Passenger Cars
  • 8.1.2. Light Commercial Vehicle
  • 8.1.3. Heavy Commercial Vehicle
• 8.2. Market Analysis, Insights and Forecast - By Rim Size
  • 8.2.1. 13''-15''
  • 8.2.2. 16-18''
  • 8.2.3. 19-21''
  • 8.2.4. Above 21''
• 8.3. Market Analysis, Insights and Forecast - By Tire Type
  • 8.3.1. Tubeless
  • 8.3.2. Tube
• 8.4. Market Analysis, Insights and Forecast - By Country
  • 8.4.1. China
    • 8.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.4.2. India
    • 8.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.4.3. Japan
    • 8.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.4.4. South Korea
    • 8.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.4.5. Rest of Asia Pacific
    • 8.4.5.1. Market Analysis, Insights and Forecast - By Vehicle Type

9. Rest of the World Radial Tires Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 9.1.1. Passenger Cars
  • 9.1.2. Light Commercial Vehicle
  • 9.1.3. Heavy Commercial Vehicle
• 9.2. Market Analysis, Insights and Forecast - By Rim Size
  • 9.2.1. 13''-15''
  • 9.2.2. 16-18''
  • 9.2.3. 19-21''
  • 9.2.4. Above 21''
• 9.3. Market Analysis, Insights and Forecast - By Tire Type
  • 9.3.1. Tubeless
  • 9.3.2. Tube

10. Competitive Analysis

• 10.1. Key Industry Developments
• 10.2. Global Market Rank Analysis (2024)
• 10.3. Competitive Dashboard
• 10.4. Comparative Analysis - Major Players
• 10.5. Company Profiles
  • 10.5.1. Apollo Tyres Ltd. (India)
    • 10.5.1.1. Overview
    • 10.5.1.2. Products & services
    • 10.5.1.3. SWOT Analysis
    • 10.5.1.4. Recent Developments
    • 10.5.1.5. Strategies
    • 10.5.1.6. Financials (Based on Availability)
  • 10.5.2. Bridgestone Corporation (Japan)
    • 10.5.2.1. Overview
    • 10.5.2.2. Products & services
    • 10.5.2.3. SWOT Analysis
    • 10.5.2.4. Recent Developments
    • 10.5.2.5. Strategies
    • 10.5.2.6. Financials (Based on Availability)
  • 10.5.3. CEAT Limited (India)
    • 10.5.3.1. Overview
    • 10.5.3.2. Products & services
    • 10.5.3.3. SWOT Analysis
    • 10.5.3.4. Recent Developments
    • 10.5.3.5. Strategies
    • 10.5.3.6. Financials (Based on Availability)
  • 10.5.4. Continental AG (Germany)
    • 10.5.4.1. Overview
    • 10.5.4.2. Products & services
    • 10.5.4.3. SWOT Analysis
    • 10.5.4.4. Recent Developments
    • 10.5.4.5. Strategies
    • 10.5.4.6. Financials (Based on Availability)
  • 10.5.5. Giti Tire Pte. Ltd. (Singapore)
    • 10.5.5.1. Overview
    • 10.5.5.2. Products & services
    • 10.5.5.3. SWOT Analysis
    • 10.5.5.4. Recent Developments
    • 10.5.5.5. Strategies
    • 10.5.5.6. Financials (Based on Availability)
  • 10.5.6. Goodyear Tire & Rubber Company (U.S.)
    • 10.5.6.1. Overview
    • 10.5.6.2. Products & services
    • 10.5.6.3. SWOT Analysis
    • 10.5.6.4. Recent Developments
    • 10.5.6.5. Strategies
    • 10.5.6.6. Financials (Based on Availability)
  • 10.5.7. Hankook Tire & Technology Co., Ltd. (South Korea)
    • 10.5.7.1. Overview
    • 10.5.7.2. Products & services
    • 10.5.7.3. SWOT Analysis
    • 10.5.7.4. Recent Developments
    • 10.5.7.5. Strategies
    • 10.5.7.6. Financials (Based on Availability)
  • 10.5.8. Michelin Group (France)
    • 10.5.8.1. Overview
    • 10.5.8.2. Products & services
    • 10.5.8.3. SWOT Analysis
    • 10.5.8.4. Recent Developments
    • 10.5.8.5. Strategies
    • 10.5.8.6. Financials (Based on Availability)
  • 10.5.9. Pirelli & C. S.p.A. (Italy)
    • 10.5.9.1. Overview
    • 10.5.9.2. Products & services
    • 10.5.9.3. SWOT Analysis
    • 10.5.9.4. Recent Developments
    • 10.5.9.5. Strategies
    • 10.5.9.6. Financials (Based on Availability)
  • 10.5.10. Yokohama Rubber Company, Limited (Japan)
    • 10.5.10.1. Overview
    • 10.5.10.2. Products & services
    • 10.5.10.3. SWOT Analysis
    • 10.5.10.4. Recent Developments
    • 10.5.10.5. Strategies
    • 10.5.10.6. Financials (Based on Availability)