Europe & CIS Tyre Market to Grow with a CAGR of 4.12% through 2030
Growing demand for replacement tires due to aging vehicle fleets,
increased adoption of high-performance and specialty tires, and rising
infrastructure development boosting commercial vehicle usage are the factors
driving the market in the forecast period 2026–2030.
According to TechSci Research report, “Europe & CIS Tyre
Market – By Country, Competition, Opportunities and Forecast, 2020-2030F”,
The Europe & CIS Tyre Market was valued at USD 52.38 Billion in 2024 and is
expected to reach USD 66.74 Billion by 2030 with a CAGR of 4.12% during the
forecast period.
The Europe & CIS tyre market is experiencing dynamic shifts shaped
by structural automotive sector changes, evolving mobility patterns, and
tightening regulatory frameworks. Rising average vehicle age across both
personal and commercial fleets is fueling consistent demand for replacement
tyres, with consumers seeking cost-effective solutions that do not compromise
on safety or longevity. Growth in ride-sharing services and urban delivery
networks is altering tyre wear patterns, increasing the frequency of changeouts
in high-utilization segments. Regulatory mandates around tyre labeling, rolling
resistance, and noise emissions are compelling manufacturers to develop
compliant products with precise technical specifications, particularly in
mid-range and budget categories.
Economic stability in several key countries is increasing discretionary
spending, supporting the adoption of specialized tyre types such as all-season
variants that eliminate seasonal swaps. At the same time, there is growing
interest in retreaded and remanufactured tyres, especially in the commercial
segment, driven by sustainability concerns and cost-efficiency priorities.
Technological innovation in materials, such as the use of graphene and
bio-based compounds, is advancing performance benchmarks while meeting
recyclability goals.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "Europe & CIS Tyre Market"
Europe & CIS Tyre Market Is
Segmented by Tire Construction Type, Vehicle Type, Demand Category, and Region.
In 2024, the replacement
tyres segment recorded the fastest growth in the Europe & CIS market. Aging
vehicles and rising mileage accelerated the replacement cycle, driving
aftermarket volumes. Fleet operators increasingly embraced tyre-as-a-service (TaaS)
models and bulk procurement, especially to support long-haul commercial
operations. Retail consumers opting for mid-priced and premium tyres further
boosted this channel, aided by digital sales platforms and enhanced service
networks. Rising awareness around road safety, seasonal adaptability, and fuel
efficiency also contributed to increased replacement demand across both
passenger and commercial segments.
Among the listed regions,
France emerged as the fastest-growing tyre market in 2024. A robust rebound in
new vehicle registrations, particularly electric models alongside strong
aftermarket momentum supported the surge. Incentives promoting green mobility,
combined with widespread adoption of e-commerce platforms and mobile fitment
services, strengthened consumer adoption of high-performance and eco-friendly
tyres. The presence of a well-developed road infrastructure and seasonal
weather variations further supported the demand for specialized tyres,
including winter and all-season variants. Consumer preference for quieter, more
durable, and low-rolling-resistance tyres also contributed to the region’s
rapid market expansion.
Major Market Players
Operating in Europe & CIS Tyre Market Are:
- Bridgestone Corporation
- Michelin Group
- The Goodyear Tire & Rubber Company
- Continental AG
- Pirelli & C. S.p.A.
- Yokohama Rubber Company, Limited
- Hankook Tire & Technology Co., Ltd.
- Kumho Tire Co., Inc.
- Sumitomo Rubber Industries, Ltd.
- Toyo Tire Corporation
Download Free Sample Report
Customers can also request for 10% free customization on this report.
“As we look at the Europe & CIS tyre market,
what really stands out is how consumer behaviour is shifting alongside evolving
vehicle technologies. We’re seeing more people replacing their tyres not just
out of necessity, but for better performance, fuel efficiency, and road safety.
The demand for EV-compatible tyres, noise-reduction features, and seasonal
adaptability is becoming more pronounced. At the same time, commercial
operators are focusing on durability and lifecycle value, which is reshaping
the way tyres are designed, distributed, and serviced. It's a market that's
becoming more dynamic and specialized with every passing year.”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Europe & CIS Tyre Market By Tire Construction Type (Radial,
Bias), By Vehicle Type (Passenger Car, Commercial Vehicle), By Demand Category
(OEM, Replacement), By Country, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Europe & CIS Tyre Market.
Contact Us-
TechSci Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
M:
+13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com