Market Research Report

Global Summer Tire Market Research Report: Forecast (2025-30)

Global Summer Tire Market Report - By Type of Vehicle (Sports Car, SUV/MUV, Light Trucks, Others), By Demand (OEM, Replacement), By Price Category (Budget- Upto USD250 Per unit, Ec...onomy- USD251 to 500 Per Unit, Premium- Above USD500 Per Unit), By Sales Channel (Dealer & Distributor, Online, Direct Sales), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5). Read more

  • Tire
  • Oct 2024
  • 194
  • PDF, Excel, PPT

Market Definition

Summer tires are designed with finely tuned tread patterns to offer an excellent driving experience during summers. They provide low friction & hence better fuel efficiency, steady cornering, better grip & traction, and responsive steering. Their harder rubber softens in milder temperatures to adapt to both dry & wet road conditions. Besides, summer tires deliver all-around performance during the warmer months as their harder rubber compound can become fragile if the temperature falls below 7° Celsius.

Market Insights & Analysis: Summer Tire Market (2025-30):

The Global Summer Tire Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. The growth of the market is likely to be driven by the mounting awareness among people about the benefits of summer tires like better responsiveness, improved cornering, reduced braking distance, specialized tread, & harder rubber compound, among others. The Global Summer Tire Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. The growth of the market is likely to be driven by the mounting awareness among people about the benefits of summer tires like better responsiveness, improved cornering, reduced braking distance, specialized tread, & harder rubber compound, among others.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  CAGR (2025-30)   4%
  Leading Region   Asia-Pacific
  Top Key Players Bridgestone, Continental, Michelin, Yokohama, Goodyear, Pirelli, Nokian Tyres, Hangzhou Zhongce, Sumitomo, Nexen Tire Corporation
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

*Boost strategic growth with in-depth market analysis - Get a free sample preview today!

Impact of Covid-19 on the Global Summer Tire Market

The automotive & tire sectors worldwide witnessed a catastrophic impact of the Covid-19 pandemic in 2020, which led to several unprecedented challenges for the leading players in the Global Summer Tire Market. The lockdowns & strict movement restrictions imposed by governments of different countries worldwide resulted in the suspension of all business operations associated with the summer tire industry. Due to this, the prominent tire makers worldwide faced massive revenue losses due to a shortage of raw materials, supply chain disruptions, delays in tire delivery & production, & volatile prices amidst the crisis.

Nevertheless, as Covid-19 cases started reducing, the upliftment of restrictions helped tire manufacturers resume their production units to cater to the increasing consumer requirements for summer tires. In addition to this, most tire manufacturers joined the digital transformation to sell their products via e-commerce platforms and offer door-step delivery & installation to their customers, which helped the market to sustain amidst the crisis.


Global Summer Tire Market Research Report: Forecast (2025-30)

Summer Tire Market (2025-30): Segmentation Analysis

Based on Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Medium & Heavy Commercial Vehicles
  • Off-the-Road (OTR) Vehicles
  • Two Wheelers
  • Three Wheelers

Of all vehicle types, Passenger cars are anticipated to dominate the Global Summer Tire Market with the largest share during 2025-30. It owes principally to the swiftly improving economic conditions & changing living standards of the people and their growing inclination toward privately owning passenger vehicles for daily commuting.

Besides, in countries where the temperature is usually warm or more than 7° Celsius, the demand for summer tires in passenger cars is escalating rapidly. As vehicles are becoming more of a necessity than a luxury, the passenger car fleet is increasing swiftly across different corners of the world & directly influencing the summer tire market.

Moreover, growing awareness among people about the benefits of summer tires like their specialized tread, harder rubber compound, and enhanced cornering & braking, among others, is another aspect accelerating the deployment of summer tires in passenger cars and driving the market.

Furthermore, as fuel prices are skyrocketing globally, people are increasingly focusing on bringing fuel efficiency to their vehicles. It is augmenting the frequency of repair & replacement of summer tires for the best mileage and, in turn, propelling the market growth.

Based on Demand Category:

  • OEM
  • Replacement

Here, the aftermarket summer tires are projected to acquire the largest market share through 2030. It attributes principally to the increasing competition between tire manufacturers, i.e., demonstrating their active efforts in introducing a variety of summer tires in different budgets at numerous replacement centers to meet the varied consumer requirements. Moreover, the extensive presence of multi-brand tire shops that offer notable features, including wheel balancing/alignment, is another crucial aspect contributing to the overall market growth for aftermarket summer tires. 

Summer Tire Market (2025-30): Regional Projections

Geographically, the Global Summer Tire Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Amongst all regions globally, Asia-Pacific is expected to dominate the Summer Tires Market with the largest share during 2025-30. It owes to the rising population & its growing interest in private ownership of passenger cars & two-wheelers for easy commute. Since Asia-Pacific has warm temperature levels across most countries, the sales of summer tires are rising rapidly and augmenting the regional market growth.

In addition, growing consumer awareness about the advantages of using summer tires is also infusing their demand across the region. Moreover, as the automotive & tire industries across Asia-Pacific are expanding rapidly, the leading players in the regional market are expecting lucrative prospects to set up their manufacturing facilities & expand reach throughout the region in the coming years.

Furthermore, countries like China & India are prominent locations for manufacturing summer tires owing to the easy availability of raw materials & cheap labor. Hence, the Summer Tire Market is all set to witness remunerative opportunities across Asia-Pacific in the years to come.

Gain a Competitive Edge with Our Summer Tire Market Report

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Summer Tire Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Summer Tire Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Summer Tire Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Summer Tire Market study?

*Reports Delivery Format  Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Frequently Asked Questions

   A. The Global Summer Tire Market is projected to grow at a CAGR of around 4% during 2025-30.

   A. The growing vehicle fleet and rising awareness among people about the benefits of summer tires during the warmer months are projected to drive the Global Summer Tire Market through 2030.

   A. Passenger cars are projected to emerge as an area of remunerative opportunities for the leading players in the Global Summer Tire Market over the forecast years.

   A. Asia-Pacific is expected to dominate the market, supported by rising private vehicle ownership, favorable weather conditions, and the presence of key manufacturing hubs like China and India.

   A. Passenger cars are expected to dominate the Global Summer Tire Market, especially in regions with warmer climates where temperatures exceed 7° Celsius, due to the growing fleet of privately owned vehicles and the need for fuel efficiency.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Summer Tire Market Regulations and Policy
  5. Global Summer Tire Market Trends & Developments
  6. Global Summer Tire Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Summer Tire Market Supply Chain Analysis
  8. Global Summer Tire Market Hotspot & Opportunities
  9. Global Summer Tire Market Outlook, 2020-2030
    1. Market Size & Analysis
      1. By Units Sold (Thousand Units)
      2. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Sports Car- Market Size & Forecast 2020-2030, Thousand Units
        2. SUV/MUV- Market Size & Forecast 2020-2030, Thousand Units
        3. Light Trucks- Market Size & Forecast 2020-2030, Thousand Units
        4. Others- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand
        1. OEM - Market Size & Forecast 2020-2030, Thousand Units
        2. Replacement- Market Size & Forecast 2020-2030, Thousand Units
      3. By Price Category
        1. Budget- Upto USD250 Per unit- Market Size & Forecast 2020-2030, Thousand Units
        2. Economy- USD251 to 500 Per Unit- Market Size & Forecast 2020-2030, Thousand Units
        3. Premium- Above USD500 Per Unit- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel
        1. Dealer & Distributor- Market Size & Forecast 2020-2030, Thousand Units
        2. Online- Market Size & Forecast 2020-2030, Thousand Units
        3. Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
      5. By Tire Size
        1. Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
        2. Tire Size 2- Market Size & Forecast 2020-2030, Thousand Units
        3. Tire Size 3- Market Size & Forecast 2020-2030, Thousand Units
        4. Tire Size 4- Market Size & Forecast 2020-2030, Thousand Units
        5. Tire Size 5- Market Size & Forecast 2020-2030, Thousand Units
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      7. By Company
        1. Market Share & Analysis
        2. Competition Characteristics
  10. North America Summer Tire Market Outlook, 2020-2030
    1. Market Size & Analysis
      1. By Units Sold (Thousand Units)
      2. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
      3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
      6. By Country
        1. The Us
        2. Canada
        3. Mexico
    3. The US Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    4. Canada Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    5. Mexico Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  11. South America Summer Tire Market Outlook, 2020-2030
    1. Market Size & Analysis
      1. By Units Sold (Thousand Units)
      2. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
      3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
      6. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    4. Argentina Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  12. Europe Summer Tire Market Outlook, 2020-2030
    1. Market Size & Analysis
      1. By Units Sold (Thousand Units)
      2. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
      3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
      6. By Country
        1. Germany
        2. France
        3. The UK
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    4. France Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    5. The UK Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    6. Italy Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    7. Spain Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  13. Middle East & Africa Summer Tire Market Outlook, 2020-2030
    1. Market Size & Analysis
      1. By Units Sold (Thousand Units)
      2. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
      3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East
    3. Saudi Arabia Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    4. UAE Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    5. South Africa Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  14. Asia Pacific Summer Tire Market Outlook, 2020-2030
    1. Market Size & Analysis
      1. By Units Sold (Thousand Units)
      2. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
      3. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    4. India Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    5. Japan Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    6. South Korea Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
    7. Australia Summer Tire Market Outlook, 2020-2030
      1. Market Size & Analysis
        1. By Units Sold (Thousand Units)
        2. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        2. By Demand- Market Size & Forecast 2020-2030, Thousand Units
  15. Global Summer Tire Market Key Strategic Imperatives for Growth & Success
  16. Competition Outlook
    1. Company Profiles
      1. Bridgestone
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Michelin
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Pirelli
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Continental
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Goodyear
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Kumho
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Hankook
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Toyo
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Yokohama Rubber Co., Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Nankang Rubber Tire Corp., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Nitto tires
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. NEXEN TIRE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Apollo Tires
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Yokohama
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Sumitomo Rubber
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Nokian
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
        7.  
  17. Disclaimer


Global Summer Tire Market Segmentation