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Car Tire Industry Statistics

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Tire Industry Statistics
Total amount of annual sales in car tires $32.1 billion
Total amount of annual sales for off road tires $401 million
Total amount of annual sales for heavy truck tires $5.1 billion
Total amount of annual sales for passenger vehicle tires $21.8 billion
Total amount of annual sales for light truck tire sales $4.3 billion
Total amount of annual sales for farming tires $502 million
Car Tire Market Share Statistics Market Share
Goodyear 15.5%
Michelin 12 %
Bridgestone 8 %
Yokohama 8 %
Kumho 7.5 %
Hankook 6.5 %
Falken 5.5 %
BFGoodrich 5 %
Continental 4 %
Dunlop 4 %
Nexen 4 %
Toyo 4 %
Firestone 3.5 %
Pirelli 3.5 %
Cooper 3 %
General 2 %
Kelly 1.5 %
Nitto 1.5 %
Sumitomo 1 %
Others 3.5 %
Consumer Tire Retail Market Share Market Share
Independent tire dealers 61 %
Mass Merchandisers 14 %
Warehouse clubs 8.5 %
Tire company-owned stores 7.5 %
Auto Dealerships 6.5 %
Miscellaneous Outlets 2.5 %

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Statistic Verification
Source: Modern Tire Dealer, Drive Steady
Research Date: February 5th, 2015

A tire is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Pneumatic tires are manufactured according to relatively standardized processes and machinery, in around 455 tire factories in the world. With over 1 billion tires manufactured worldwide annually, the tire industry is the major consumer of natural rubber. Tire factories start with bulk raw materials such as rubber, carbon black, and chemicals and produce numerous specialized components that are assembled and cured. This article describes the components assembled to make a tire, the various materials used, the manufacturing processes and machinery, and the overall business model.