World Tires

World demand for tires is projected to rise 4.1 percent annually to 3.0 billion units in 2019. Motor vehicles will remain the dominant tire market, while motorcycles and other applications will grow the fastest. The Asia/Pacific region will remain the largest tire market, with China, India, Indonesia and Thailand among the best opportunities.This study analyzes the 2.5 billion unit world tire industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by tire market (e.g., light vehicle, medium and heavy vehicle, motorcycle, industrial) for six world regions and 25 major countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 31 industry competitors, including Bridgestone, Michelin, and Goodyear.