United Kingdom Tire Market to Grow with a CAGR of 3.37% through 2030
Growing demand for high-performance and seasonal tires, increasing
vehicle parc, and rising online tire sales are the factors driving the market
in the forecast period 2026–2030.
According to TechSci Research report, “United Kingdom Tire
Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The United Kingdom Tire Market was valued at USD 3.37 Billion in 2024 and is
expected to reach USD 4.17 Billion by 2030 with a CAGR of 3.64% during the
forecast period.
The United Kingdom tire market is navigating a dynamic transformation,
shaped by several emerging factors influencing consumer behavior and market
growth. The increasing preference for all-season tires is a significant trend,
driven by the country's temperate climate and fluctuating weather conditions.
Consumers are leaning towards tires that provide year-round performance,
reducing the need for seasonal tire changes. This shift in consumer choice is
contributing to the growth of the all-season tire segment, which is expected to
capture a larger share of the market in the coming years.
Technological advancements in tire design and manufacturing are another
key driver. The introduction of smart tires, which are equipped with sensors to
monitor tire pressure, temperature, and tread wear, is becoming increasingly
popular, particularly among fleet operators and tech-savvy consumers. These
tires offer enhanced safety and maintenance benefits by providing real-time
data that can help prevent accidents and optimize tire performance. The
integration of such technologies is expected to continue growing, with further
advancements in tire monitoring systems and AI-driven predictive maintenance
tools.
The regulatory environment surrounding tire safety is also influencing
market growth. The UK government’s focus on improving road safety standards and
enforcing stricter emissions regulations is pushing manufacturers to develop
eco-friendly tire solutions with lower rolling resistance, which help reduce
fuel consumption and carbon footprints. These regulations, along with a growing
environmental consciousness among consumers, are spurring demand for tires made
from sustainable materials, such as bio-based rubber and recycled components.
The market is witnessing an increasing presence of green tires that align with
the global push for more sustainable automotive solutions.
In addition, the rise in electric vehicle (EV) adoption is influencing
tire demand in the UK. As the number of EVs on the road increases, so does the
need for tires that are specifically designed to accommodate the unique
characteristics of electric vehicles, such as higher torque and weight. Tires
for EVs are being engineered to enhance durability, reduce rolling resistance,
and improve battery efficiency, leading to a new segment in the tire market. As
EV sales continue to rise, this segment is expected to expand rapidly, driven
by both OEM requirements and aftermarket replacement needs.
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United Kingdom Tire Market Is Segmented by
Vehicle Type, Demand Category, Tire Construction Type, and By Region.
In 2024, the
fastest-growing segment of the United Kingdom tire market is the Light
Commercial Vehicles (LCV) category. This growth is primarily driven by the
surge in demand for delivery vans and small commercial vehicles, which are
increasingly essential for last-mile delivery services and e-commerce
operations. The rise of online shopping, particularly accelerated by the shift
in consumer behavior over the past few years, has significantly impacted the
demand for LCVs. These vehicles require durable tires capable of handling
frequent city driving, carrying substantial loads, and enduring diverse road
conditions. LCVs are also benefiting from trends such as urbanization and the
growing need for logistics services within metropolitan areas, further
propelling tire replacement and demand for specialized tires tailored to their
unique operational needs. With an increasing focus on fleet management and tire
performance optimization, LCV owners are looking for tires that offer better
fuel efficiency, enhanced load-carrying capabilities, and longer tread life,
contributing to the segment’s rapid growth in the market.
Among the regions in the
United Kingdom, Scotland is expected to be the fastest-growing in 2024 for tire
demand. This growth can be attributed to several factors, including a strong
rise in the number of commercial vehicles and the expansion of transportation
and logistics networks within the region. Scotland’s geographic positioning,
with its vast rural areas and increasing urban development, has driven the need
for both passenger vehicles and commercial fleets, including LCVs.
Additionally, the government's focus on infrastructure development and
sustainability initiatives has also fueled demand for energy-efficient and
environmentally friendly tires. The region’s strong agricultural sector further
supports tire sales, as heavy-duty vehicles used in farming and related
industries require specialized tires that can handle rough terrain and
load-bearing operations. With these factors combined, Scotland is poised to see
notable growth in tire sales and replacements, driven by both consumer demand
and industrial needs.
Major Market Players
Operating in United Kingdom Tire Market Are:
- Bridgestone Corporation
- Continental AG
- Goodyear Tire & Rubber Company
- Sumitomo Rubber Industries Ltd
- Michelin Group
- Pirelli & C. S.p.A.
- Yokohama Rubber Company Limited
- Kumho Tire Co. Inc
- BFGoodrich Tyres
- Hankook Tire & Technology Co., Ltd.
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The United Kingdom tire market is evolving rapidly,
driven by new consumer needs and advancements in tire technology. We're seeing
a shift towards more sustainable and performance-focused tires, especially with
the rise of electric vehicles and the increasing demand for all-season tires.
It's exciting to watch how innovation is shaping the future of tire solutions,
and the focus on eco-friendly products is becoming more important as consumers
and businesses alike look for smarter, more efficient options. There's a lot of
growth potential in this market, especially as the demand for delivery vehicles
and commercial fleets continues to rise. It's an interesting time for the tire
industry in the UK, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
The report titled “United Kingdom Tire Market –
Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type
(Passenger Car, Two-Wheelers, Light Commercial Vehicles (LCV), Medium &
Heavy Commercial Vehicles (M&HCV)), By Demand Category (OEM, Aftermarket),
By Tire Construction Type (Radial, Bias), 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 United
Kingdom Tire Market.
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