Press Release

Lithuania Tyre Market to Grow with a CAGR of 4.11% through 2030

Rising vehicle parc, increasing replacement tire demand, and growing consumer preference for fuel-efficient and durable tires are the factors driving the market in the forecast period 2026–2030.

 

According to TechSci Research report, “Lithuania Tyre Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”, The Lithuania Tyre Market was valued at USD 162.59 Million in 2024 and is expected to reach USD 207.04 Million by 2030 with a CAGR of 4.11% during the forecast period.

The Lithuania tyre market is experiencing momentum fueled by evolving transportation patterns, regulatory updates, and increased automotive service integration. A significant factor contributing to growth is the expansion of infrastructure projects, which are enhancing road connectivity across urban and rural regions. This development is leading to higher vehicle usage and more frequent tyre wear, especially in regions previously underrepresented in private mobility. The rise in vehicle ownership among first-time buyers, particularly in rural and semi-urban areas, is stimulating aftermarket tyre demand and widening the consumer base beyond traditional urban centers.

Environmental policies focused on emissions and recycling are also beginning to shape market dynamics. Compliance with EU-level targets on sustainable transport is pressuring fleet operators and commercial entities to invest in tyres that offer longevity and lower rolling resistance. As Lithuania moves closer to stricter sustainability benchmarks, manufacturers are expected to align more closely with eco-compliance frameworks, indirectly steering product innovation and market differentiation in the years ahead.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Lithuania Tyre Market"

 

Lithuania Tyre Market Is Segmented by Vehicle Type, Tyre Construction Type, Demand Category, and Region.

​In 2024, the replacement segment emerged as the fastest-growing demand category in the Lithuania tyre market. Escalating vehicle mileage and an aging national fleet drove increased tyre changeovers, as drivers prioritized safety and performance. Consumer interest in all-season tyres and fuel-efficient designs further supported the replacement market, stimulating diverse product adoption. Rising awareness around tread-wear regulations and vehicle maintenance also encouraged more frequent replacements compared to OEM demand, which remained relatively stable on new vehicle volumes. The availability of digital purchasing channels and mobile fitting services enhanced convenience, accelerating replacement tyre uptake across both private and commercial vehicles. As a result, the replacement segment outpaced the OEM category, becoming the primary catalyst for tyre market growth in 2024.

Among regional demand, Sudovia recorded the highest growth in replacement tyre uptake during 2024. The region experienced significant increases in personal vehicle usage and mileage, driven by infrastructure improvements and expanding rural connectivity. These developments led to accelerated tyre wear and demand for seasonal changes. Sudovia’s consumers showed strong responsiveness to digital tyre retailing and service innovations, aligning with broader national trends. Preference for durable, mid-range tyres capable of handling varied road conditions supported market expansion.


Major Market Players Operating in Lithuania Tyre Market Are:

  • Bridgestone Corporation
  • Michelin Group
  • The Goodyear Tyres & Rubber Company
  • Continental AG
  • Pirelli & C. S.p.A.
  • Yokohama Rubber Company, Limited
  • Hankook Tyres & Technology Co., Ltd.
  • Kumho Tyres Co., Inc.
  • Sumitomo Rubber Industries, Ltd.
  • Toyo Tyres Corporation

Download Free Sample Report

Customers can also request for 10% free customization on this report.


“Lithuania’s tyre market is evolving with impressive adaptability. What’s interesting is how consumer expectations are shifting not just toward premium or fuel-efficient tyres, but toward smart, service-driven solutions like mobile fitment and seasonal switching. It’s not just about buying a tyre anymore; it’s about the entire experience around it. With growing vehicle ownership, better roads, and rising digital engagement, Lithuania is creating an environment where tyre demand isn’t just expanding it’s diversifying in ways that mirror larger mobility and sustainability trends across Europe.”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Lithuania Tyre Market – Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheelers), By Tyre 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 Lithuania 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

Relevant Reports

Lithuania Tyre Market – Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheelers), By Tyre Construction Type (Radial, Bias), By Demand Category (OEM, Replacement), By Region, By Competition,

Automotive | Jul, 2025

Rising vehicle parc, increasing replacement tire demand, and growing consumer preference for fuel-efficient and durable tires are the factors driving the market in the forecast period 2026–2030.

Relevant News