Global Racing Tires Market Size, Share & Trends Analysis Report By Tire Type (Racing Slick Tires, and Racing Treaded Tires), By Application (Auto Racing Tires, and Motorcycle Racing Tires), By Distribution Channel, By Regional Outlook and Forecast, 2023 -

Global Racing Tires Market Size, Share & Trends Analysis Report By Tire Type (Racing Slick Tires, and Racing Treaded Tires), By Application (Auto Racing Tires, and Motorcycle Racing Tires), By Distribution Channel, By Regional Outlook and Forecast, 2023 - 2030


The Global Racing Tires Market size is expected to reach $15.8 billion by 2030, rising at a market growth of 5.3.% CAGR during the forecast period.

Racing tire manufacturers in the region leverage this environment to drive advancements in tire design, material science, and manufacturing processes. Thus, the Europe region captured 37.5% revenue share in 2022. Italy has a rich tradition and a strong presence in motorsports, with a vibrant car racing scene that includes various championships and events. Monza, located near Milan, hosts one of the most iconic and historic Formula 1 races, the Italian Grand Prix. This sponsorship supports the events and contributes to the visibility and demand for this.

Motorsports, encompassing amateur and professional races, has grown in popularity worldwide. The growing number of racing events, ranging from local competitions to international championships, fuels an increasing demand for high-performance racing tires.

Additionally, as per the data from the International Trade Administration, among Gulf Cooperation Council (GCC) nations, the UAE is the leader in e-commerce, with a record-breaking $3.9 billion in e-commerce sales in 2020, representing 10% of total retail sales and a 53% increase.

However, Racing tire manufacturers need to allocate substantial resources to research and development to stay ahead in a competitive market. This involves continuous testing, experimentation with new materials, and the development of cutting-edge technologies to enhance performance. The financial commitment to R&D contributes significantly to the overall cost structure. Hence, these aspects can hamper the growth of the market.

By Tire Analysis

Based on tire type, the market is divided into racing slick tires and racing treaded tires. The racing slick tires segment recorded 71.8% revenue share in the market in 2022. Slick tires are renowned for superior grip and traction on smooth racing surfaces.

By Application Analysis

Based on application, the market is segmented into auto and motorcycle racing tires. In 2022, the motorcycle racing tires segment garnered 35.4% revenue share in the market. Advancements in motorcycle technology, particularly in sport and racing motorcycles, have propelled the demand for advanced and specialized tires.

By Distribution Analysis

On the basis of distribution channel, the market is divided into replacement tires and OEMs. The replacement tires segment recorded 78.5% revenue share in the market in 2022. Racing enthusiasts and teams often have specific requirements based on the type of motorsports they participate in, whether it be circuit racing, off-road events, or endurance challenges.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 30.9% revenue share in the market in 2022. The region has witnessed a notable increase in racing events across various disciplines. From high-profile NASCAR races to grassroots motorsports competitions.

Market Competition and Attributes

The market is characterized by intense competition driven by factors like performance, durability, and brand reputation. Key attributes include tread design, compound formulation, and construction materials, tailored to specific racing disciplines such as Formula 1, NASCAR, or endurance racing. Innovations in tire technology, including advanced materials and aerodynamic designs, continually reshape the competitive landscape. Brands vie for supremacy through partnerships with racing teams, showcasing their products' performance in high-stakes competitions.

Recent Strategies Deployed in the Market
  • Oct-2023: Bridgestone Corporation introduced "Battlax Hypersport S23" a sports radial motorcycle tire. The BATTLAX HYPERSPORT S23 represents a cutting-edge sports radial motorcycle tire designed for street usage. It has been meticulously engineered to align with the evolving demands of contemporary sport bikes, ensuring optimal performance and meeting the latest requirements in the world of high-performance motorcycles.
  • Jun-2023: Continental AG introduced the "UltraContact NXT" tyre. The UltraContact NXT is crafted to cater to both electric and combustion engines, the UltraContact NXT delivers top-tier label efficiency and optimal mileage performance.
  • Jul-2023: Continental AG came into partnership with Ambarella, a fabless semiconductor design company. Through this partnership, Continental AG would extend its extensive portfolio, and bring it one step closer to achieving Vision Zero and advancing autonomous mobility.
  • May-2023: The Yokohama Rubber Co., Ltd. came into partnership with Trelleborg Wheel Systems, an Industrial machinery manufacturing company. Through this partnership, The Yokohama Rubber Co, Ltd. would enhance its market presence and business portfolio.
  • May-2023: Pirelli & C. S.p.A. came into partnership with Goodwood Racecourse, an event management company. Through this partnership, Pirelli & C. S.p.A. would develop several thrilling activations both on and off the hillclimb.
  • Mar-2023: Hankook Tire & Technology took over 3Secondz, an IT Services and IT Consulting company. Through this acquisition, Hankook Tire & Technology would employ self-driving technologies during vehicle road tests, allowing for the accumulation of more data compared to tests conducted with human drivers.
List of Key Companies Profiled
  • Bridgestone Corporation
  • Continental AG
  • Michelin
  • Hankook Tire & Technology
  • Pirelli & C. S.p.A.
  • The Goodyear Tire & Rubber Company
  • The Yokohama Rubber Co., Ltd.
  • Zhongce Rubber Group Co., Limited
  • Nexen Tire
  • Maxxis International USA (Cheng Shin Rubber Industry Co.)
Global Racing Tires Market Report Segmentation

By Tire Type
  • Racing Slick Tires
  • Racing Treaded Tires
By Application
  • Auto Racing Tires
  • Motorcycle Racing Tires
By Distribution Channel
  • Replacement Tires
  • OEMs
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Racing Tires Market, by Tire Type
1.4.2 Global Racing Tires Market, by Application
1.4.3 Global Racing Tires Market, by Distribution Channel
1.4.4 Global Racing Tires Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Racing Tires Market
Chapter 5. Global Racing Tires Market, By Tire Type
5.1 Global Racing Slick Tires Market, By Region
5.2 Global Racing Treaded Tires Market, By Region
Chapter 6. Global Racing Tires Market, By Application
6.1 Global Auto Racing Tires Market, By Region
6.2 Global Motorcycle Racing Tires Market, By Region
Chapter 7. Global Racing Tires Market, By Distribution Channel
7.1 Global Replacement Tires Market, By Region
7.2 Global OEMs Market, By Region
Chapter 8. Global Racing Tires Market, By Region
8.1 North America Racing Tires Market
8.1.1 North America Racing Tires Market, By Tire Type
8.1.1.1 North America Racing Slick Tires Market, By Country
8.1.1.2 North America Racing Treaded Tires Market, By Country
8.1.2 North America Racing Tires Market, By Application
8.1.2.1 North America Auto Racing Tires Market, By Country
8.1.2.2 North America Motorcycle Racing Tires Market, By Country
8.1.3 North America Racing Tires Market, By Distribution Channel
8.1.3.1 North America Replacement Tires Market, By Country
8.1.3.2 North America OEMs Market, By Country
8.1.4 North America Racing Tires Market, By Country
8.1.4.1 US Racing Tires Market
8.1.4.1.1 US Racing Tires Market, By Tire Type
8.1.4.1.2 US Racing Tires Market, By Application
8.1.4.1.3 US Racing Tires Market, By Distribution Channel
8.1.4.2 Canada Racing Tires Market
8.1.4.2.1 Canada Racing Tires Market, By Tire Type
8.1.4.2.2 Canada Racing Tires Market, By Application
8.1.4.2.3 Canada Racing Tires Market, By Distribution Channel
8.1.4.3 Mexico Racing Tires Market
8.1.4.3.1 Mexico Racing Tires Market, By Tire Type
8.1.4.3.2 Mexico Racing Tires Market, By Application
8.1.4.3.3 Mexico Racing Tires Market, By Distribution Channel
8.1.4.4 Rest of North America Racing Tires Market
8.1.4.4.1 Rest of North America Racing Tires Market, By Tire Type
8.1.4.4.2 Rest of North America Racing Tires Market, By Application
8.1.4.4.3 Rest of North America Racing Tires Market, By Distribution Channel
8.2 Europe Racing Tires Market
8.2.1 Europe Racing Tires Market, By Tire Type
8.2.1.1 Europe Racing Slick Tires Market, By Country
8.2.1.2 Europe Racing Treaded Tires Market, By Country
8.2.2 Europe Racing Tires Market, By Application
8.2.2.1 Europe Auto Racing Tires Market, By Country
8.2.2.2 Europe Motorcycle Racing Tires Market, By Country
8.2.3 Europe Racing Tires Market, By Distribution Channel
8.2.3.1 Europe Replacement Tires Market, By Country
8.2.3.2 Europe OEMs Market, By Country
8.2.4 Europe Racing Tires Market, By Country
8.2.4.1 Germany Racing Tires Market
8.2.4.1.1 Germany Racing Tires Market, By Tire Type
8.2.4.1.2 Germany Racing Tires Market, By Application
8.2.4.1.3 Germany Racing Tires Market, By Distribution Channel
8.2.4.2 UK Racing Tires Market
8.2.4.2.1 UK Racing Tires Market, By Tire Type
8.2.4.2.2 UK Racing Tires Market, By Application
8.2.4.2.3 UK Racing Tires Market, By Distribution Channel
8.2.4.3 France Racing Tires Market
8.2.4.3.1 France Racing Tires Market, By Tire Type
8.2.4.3.2 France Racing Tires Market, By Application
8.2.4.3.3 France Racing Tires Market, By Distribution Channel
8.2.4.4 Russia Racing Tires Market
8.2.4.4.1 Russia Racing Tires Market, By Tire Type
8.2.4.4.2 Russia Racing Tires Market, By Application
8.2.4.4.3 Russia Racing Tires Market, By Distribution Channel
8.2.4.5 Spain Racing Tires Market
8.2.4.5.1 Spain Racing Tires Market, By Tire Type
8.2.4.5.2 Spain Racing Tires Market, By Application
8.2.4.5.3 Spain Racing Tires Market, By Distribution Channel
8.2.4.6 Italy Racing Tires Market
8.2.4.6.1 Italy Racing Tires Market, By Tire Type
8.2.4.6.2 Italy Racing Tires Market, By Application
8.2.4.6.3 Italy Racing Tires Market, By Distribution Channel
8.2.4.7 Rest of Europe Racing Tires Market
8.2.4.7.1 Rest of Europe Racing Tires Market, By Tire Type
8.2.4.7.2 Rest of Europe Racing Tires Market, By Application
8.2.4.7.3 Rest of Europe Racing Tires Market, By Distribution Channel
8.3 Asia Pacific Racing Tires Market
8.3.1 Asia Pacific Racing Tires Market, By Tire Type
8.3.1.1 Asia Pacific Racing Slick Tires Market, By Country
8.3.1.2 Asia Pacific Racing Treaded Tires Market, By Country
8.3.2 Asia Pacific Racing Tires Market, By Application
8.3.2.1 Asia Pacific Auto Racing Tires Market, By Country
8.3.2.2 Asia Pacific Motorcycle Racing Tires Market, By Country
8.3.3 Asia Pacific Racing Tires Market, By Distribution Channel
8.3.3.1 Asia Pacific Replacement Tires Market, By Country
8.3.3.2 Asia Pacific OEMs Market, By Country
8.3.4 Asia Pacific Racing Tires Market, By Country
8.3.4.1 China Racing Tires Market
8.3.4.1.1 China Racing Tires Market, By Tire Type
8.3.4.1.2 China Racing Tires Market, By Application
8.3.4.1.3 China Racing Tires Market, By Distribution Channel
8.3.4.2 Japan Racing Tires Market
8.3.4.2.1 Japan Racing Tires Market, By Tire Type
8.3.4.2.2 Japan Racing Tires Market, By Application
8.3.4.2.3 Japan Racing Tires Market, By Distribution Channel
8.3.4.3 India Racing Tires Market
8.3.4.3.1 India Racing Tires Market, By Tire Type
8.3.4.3.2 India Racing Tires Market, By Application
8.3.4.3.3 India Racing Tires Market, By Distribution Channel
8.3.4.4 South Korea Racing Tires Market
8.3.4.4.1 South Korea Racing Tires Market, By Tire Type
8.3.4.4.2 South Korea Racing Tires Market, By Application
8.3.4.4.3 South Korea Racing Tires Market, By Distribution Channel
8.3.4.5 Singapore Racing Tires Market
8.3.4.5.1 Singapore Racing Tires Market, By Tire Type
8.3.4.5.2 Singapore Racing Tires Market, By Application
8.3.4.5.3 Singapore Racing Tires Market, By Distribution Channel
8.3.4.6 Malaysia Racing Tires Market
8.3.4.6.1 Malaysia Racing Tires Market, By Tire Type
8.3.4.6.2 Malaysia Racing Tires Market, By Application
8.3.4.6.3 Malaysia Racing Tires Market, By Distribution Channel
8.3.4.7 Rest of Asia Pacific Racing Tires Market
8.3.4.7.1 Rest of Asia Pacific Racing Tires Market, By Tire Type
8.3.4.7.2 Rest of Asia Pacific Racing Tires Market, By Application
8.3.4.7.3 Rest of Asia Pacific Racing Tires Market, By Distribution Channel
8.4 LAMEA Racing Tires Market
8.4.1 LAMEA Racing Tires Market, By Tire Type
8.4.1.1 LAMEA Racing Slick Tires Market, By Country
8.4.1.2 LAMEA Racing Treaded Tires Market, By Country
8.4.2 LAMEA Racing Tires Market, By Application
8.4.2.1 LAMEA Auto Racing Tires Market, By Country
8.4.2.2 LAMEA Motorcycle Racing Tires Market, By Country
8.4.3 LAMEA Racing Tires Market, By Distribution Channel
8.4.3.1 LAMEA Replacement Tires Market, By Country
8.4.3.2 LAMEA OEMs Market, By Country
8.4.4 LAMEA Racing Tires Market, By Country
8.4.4.1 Brazil Racing Tires Market
8.4.4.1.1 Brazil Racing Tires Market, By Tire Type
8.4.4.1.2 Brazil Racing Tires Market, By Application
8.4.4.1.3 Brazil Racing Tires Market, By Distribution Channel
8.4.4.2 Argentina Racing Tires Market
8.4.4.2.1 Argentina Racing Tires Market, By Tire Type
8.4.4.2.2 Argentina Racing Tires Market, By Application
8.4.4.2.3 Argentina Racing Tires Market, By Distribution Channel
8.4.4.3 UAE Racing Tires Market
8.4.4.3.1 UAE Racing Tires Market, By Tire Type
8.4.4.3.2 UAE Racing Tires Market, By Application
8.4.4.3.3 UAE Racing Tires Market, By Distribution Channel
8.4.4.4 Saudi Arabia Racing Tires Market
8.4.4.4.1 Saudi Arabia Racing Tires Market, By Tire Type
8.4.4.4.2 Saudi Arabia Racing Tires Market, By Application
8.4.4.4.3 Saudi Arabia Racing Tires Market, By Distribution Channel
8.4.4.5 South Africa Racing Tires Market
8.4.4.5.1 South Africa Racing Tires Market, By Tire Type
8.4.4.5.2 South Africa Racing Tires Market, By Application
8.4.4.5.3 South Africa Racing Tires Market, By Distribution Channel
8.4.4.6 Nigeria Racing Tires Market
8.4.4.6.1 Nigeria Racing Tires Market, By Tire Type
8.4.4.6.2 Nigeria Racing Tires Market, By Application
8.4.4.6.3 Nigeria Racing Tires Market, By Distribution Channel
8.4.4.7 Rest of LAMEA Racing Tires Market
8.4.4.7.1 Rest of LAMEA Racing Tires Market, By Tire Type
8.4.4.7.2 Rest of LAMEA Racing Tires Market, By Application
8.4.4.7.3 Rest of LAMEA Racing Tires Market, By Distribution Channel
Chapter 9. Company Profiles
9.1 Bridgestone Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Continental AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Michelin
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 SWOT Analysis
9.4 Hankook Tire & Technology
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.4.2 Acquisition and Mergers:
9.4.5 SWOT Analysis
9.5 Pirelli & C. S.p.A.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 The Goodyear Tire & Rubber Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 The Yokohama Rubber Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.5 SWOT Analysis
9.8 Zhongce Rubber Group Co., Limited
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Nexen Tire
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 SWOT Analysis
9.10. Maxxis International–USA (Cheng Shin Rubber Industry Co.)
9.10.1 Company Overview
9.10.2 SWOT Analysis
Chapter 10. Winning Imperatives for Racing Tires Market

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