Russia Tire Market to Grow with a CAGR of 2.46% through 2030
Rising vehicle production, expanding replacement demand, and increasing
infrastructure development are the factors driving the market in the forecast
period 2026-2030.
According to TechSci Research report, “Russia Tire Market –
Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Russia Tire Market was valued at USD 6.83 Billion in 2024 and is expected
to reach USD 7.91 Billion by 2030 with a CAGR of 2.46% during the forecast
period.
The Russia tire market is evolving amidst significant shifts in supply
chains, import dynamics, and consumer behavior. The departure of several global
manufacturers opened market space for domestic producers and Asian brands,
reshaping the competitive landscape. Growing interest in locally manufactured
tires, supported by factory restarts and investments in production capacity, is
helping stabilize supply amid fluctuating import volumes. The rise of
e-commerce platforms is redefining tire retail, offering consumers wider access
to various brands, price points, and service packages. Price sensitivity
remains a key factor, driving demand for affordable tire options, especially in
the replacement segment where cost-conscious buyers seek value-driven purchases.
The introduction of new tire sizes to cater to an evolving vehicle fleet,
including models imported from China, is influencing product offerings and
distribution strategies. The market is also benefiting from regulatory
compliance needs, such as mandatory winter tire usage, which supports seasonal
demand spikes. Strategic partnerships between local distributors and foreign
suppliers are enhancing market reach, while initiatives to localize raw
material sourcing, including investments in technical carbon production, aim to
reduce dependency on imports.
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in-depth TOC on "Russia Tire Market"
Russia
Tire Market Is Segmented by Vehicle Type, Tyre Construction Type, Demand
Category, and Region.
In 2024, the replacement
segment witnessed the fastest growth in the Russia tire market, supported by
the continuous need for tire maintenance across both private and commercial
vehicles. The demand surged as vehicle owners prioritized regular replacements
to ensure performance, safety, and compliance with seasonal requirements,
especially during winter months. The increase in vehicle usage across urban and
regional roads heightened wear and tear, prompting more frequent tire changes.
The rise of accessible sales channels such as retail outlets, workshops, and
digital platforms simplified the replacement process for consumers. Competitive
pricing strategies and promotional offers further encouraged timely purchases.
In 2024, the Volga area
recorded the fastest growth in tire demand among the key Russian regions. Its
strong industrial base, significant concentration of commercial transport, and
a growing population of private vehicle owners fueled consistent market expansion.
The region’s active manufacturing sector and extensive highway connectivity
drove tire usage across freight and passenger vehicles, increasing replacement
needs. The presence of commercial fleets operating on long routes led to higher
tire wear rates, stimulating frequent purchases. Seasonal factors, especially
winter conditions, supported steady demand for both summer and winter tires.
The Volga area also benefited from a well-established network of tire
distributors and service centers, ensuring convenient access to a wide range of
products.
Major Market
Players Operating in Russia Tire 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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“The Russia tire market is going
through a fascinating phase. What we’re seeing is a realignment of supply
chains, with domestic manufacturers ramping up production and Chinese brands
filling gaps left by global players. The replacement segment is driving
momentum as consumers become more aware of tire performance, safety, and
seasonal needs. It’s interesting how factors like shifting vehicle preferences
and the rise of online tire sales are reshaping buying behavior. The market
isn’t just recovering it’s adapting, and that flexibility is what’s
keeping it active despite the broader economic challenges.”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Russia Tire 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 Russia Tire Market.
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