How big is the High Performance Tire Market?

The High Performance Tire Market size is expected to reach USD 53.25 billion in 2024 and grow at a CAGR of 9.07% to reach USD 82.18 billion by 2029. Read More

What is the current High Performance Tire Market size?

In 2024, the High Performance Tire Market size is expected to reach USD 53.25 billion. Read More

Who are the key players in High Performance Tire Market?

Continental AG, Bridgestone Corporation, Pirelli & C. SpA, MRF Limited and Michelin are the major companies operating in the High Performance Tire Market. Read More

Which is the fastest growing region in High Performance Tire Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in High Performance Tire Market?

In 2024, the Europe accounts for the largest market share in High Performance Tire Market. Read More

What years does this High Performance Tire Market cover, and what was the market size in 2023?

In 2023, the High Performance Tire Market size was estimated at USD 48.82 billion. The report covers the High Performance Tire Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Performance Tire Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

High Performance Tire Market Share

Statistics for the 2023 & 2024 High Performance Tire market share, created by Mordor Intelligence™ Industry Reports. High Performance Tire share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of High Performance Tire Industry

The high-performance tires market is characterized by the presence of numerous international and few regional players, resulting in a highly competitive market environment. Some of the leading players in the market are Continental AG, Bridgestone Corporation, Pirelli & C. SpA, MRF, Michelin, and others.

Market leaders operate with many subsidiaries that cater to specific products in different countries. Yokohama and Pirelli, in particular, are trying to increase their market penetration by setting up production bases and manufacturing new tires per the modified F1 rules to have comprehensive supply chains. Bridgestone and Michelin have invested huge amounts in Canada to expand their product portfolios in the automotive tire segment.

The demand for high-performance, highly efficient, and safe-handling tires from the end market is expected to make the market more competitive and effectively dynamic during the forecast period.