Spain Tyre Market to Grow with a CAGR of 4.60% through 2030
Rising vehicle parc, increasing replacement demand, and growing focus on
premium tires are the factors driving the market in the forecast period
2026-2030.
According to TechSci Research report, “Spain Tyre Market –
Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Spain Tyre Market was valued at USD 3.47 Billion in 2024 and is expected to
reach 4.55 Billion by 2030 with a CAGR of 4.60% during the forecast period.
The Spain tire market is evolving with growing emphasis on sustainable
mobility, digital retail channels, and innovation in tire materials. The rising
integration of eco-friendly tires aligned with stringent European emission
norms is reshaping both manufacturing priorities and consumer demand. The
market is also influenced by the increasing adoption of electric and hybrid
vehicles, which require specialized tire designs to accommodate unique
performance needs like higher torque and weight. The growth of online tire
platforms has expanded market reach, enabling manufacturers and distributors to
connect with a wider customer base beyond traditional retail outlets.
Technological enhancements in tire production, such as smart tire features with
embedded sensors for pressure and wear monitoring, are attracting both
individual consumers and fleet operators seeking greater operational
efficiency. The corporate and commercial fleet segment is emerging as a key
contributor, with businesses focusing on reliable, long-lasting tires to
optimize maintenance cycles and reduce downtime. Demand is further supported by
regulatory pushes for safety compliance, encouraging consumers to prioritize
certified tire products. As urban transportation networks expand and last-mile
delivery services increase, the market is also experiencing rising demand for
light commercial vehicle tires, further shaping Spain’s dynamic tire market
landscape..
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in-depth TOC on "Spain Tyre Market"
Spain
Tyre Market Is Segmented by Vehicle Type, Tyre Construction Type, Demand
Category, and Region.
In 2024, the replacement
category led growth in the Spain tyre market, outpacing OEM demand. Rising
average vehicle age and extended ownership patterns drove a surge in tyre
replacements. Consumers prioritized high-performance, durable products that
deliver long service life and enhanced safety, further reinforcing aftermarket
demand. Growing interest in premium and all-season tyres fueled preference for
upgraded replacements over economy options. The replacement segment also
benefited from broader retail exposure, including online platforms, mobile
fitting services, and enhanced distribution networks, making tyre renewals more
convenient. Light commercial vehicle owners, in particular, contributed
significantly to replacement tyre growth as robust delivery and logistics
activity increased wear rates. The combination of sustained vehicle ageing and
consumer willingness to invest in quality replacements solidified the
replacement category as the fastest-growing in 2024.
Among the regions of North
Spain, Central Region, Extremadura & Castilla, Andalusia, Aragon &
Catalonia, and Murcia & Valencia, Andalusia posted the strongest growth in
tyre demand in 2024. The region's varied terrain and active transport sector
fueled high usage across both passenger and commercial vehicles, increasing
tyre turnover rates. Demand concentrated on durable and performance-oriented
replacements capable of meeting mixed urban, rural, and highway driving
conditions. An extensive network of service centers, coupled with expanding
digital and mobile retail services, enabled broad access to replacement tyres.
Consumers and fleet operators in Andalusia emphasized high-quality tyres with
reliable all-season traction and longevity, reinforcing replacement tyre growth
in the region.
Major Market
Players Operating in Spain Tyre Market Are:
- Bridgestone
Corporation
- Michelin
Group
- The
Goodyear Tires & Rubber Company
- Continental
AG
- Pirelli
& C. S.p.A.
- Yokohama
Rubber Company, Limited
- Hankook
Tires & Technology Co., Ltd.
- Kumho
Tires Co., Inc.
- Sumitomo
Rubber Industries, Ltd.
- Toyo
Tires Corporation
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“The Spain tire market is going
through a fascinating shift. We’re seeing how factors like an aging vehicle
fleet, the rise of online tire retail, and growing consumer demand for quality
replacements are all coming together to reshape buying behavior. It’s not just
about selling a tire anymore it’s about offering durability, performance, and
easy access. The increasing focus on sustainable mobility and specialized tires
for electric vehicles adds another layer of opportunity. What stands out is how
regions like Andalusia are setting the pace, with strong aftermarket activity
driving the market forward.”, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“Spain Tyre Market – Size,
Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger
Car, Commercial Vehicle, Two-Wheelers), By Tire Construction Type (Radial,
Bias), By Demand Category (OEM, Replacement), By Region, By Competition, 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 Spain Tyre Market.
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