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.
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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
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“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.
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