Global Winter Tire Market Growth 2025-2031

Global Winter Tire Market Growth 2025-2031

The global Winter Tire market size is predicted to grow from US$ 20100 million in 2025 to US$ 25590 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

Winter tires are tires designed for use in colder weather, snow and ice. Winter tires have more sipes than summer tires, increasing traction on snow and ice. Tires designed for winter conditions are optimized to drive at temperatures below 7 °C (45 °F). They are an alternative to the use of snow chains. Winter tires are usually tires with a different rubber composition from all-weather (all-season) tires. Cold-weather tires include a greater percentage of natural rubber and silica so there is not as much hardening as found in synthetic rubber in cold conditions: they provide better traction at lower temperatures.

The world's major Winter Tire manufacturers are Bridgestone, Michelin, Goodyear and Continental, and the top four manufacturers have a total market share of about 41%. Europe is the largest market with a market share of around 62%. This is followed by the Asia-Pacific region, with a market share of about 30%. In terms of product type, Studless is the largest segment with a market share of around 76%. From the perspective of application, Passenger Tires are the largest downstream market, accounting for about 72% of the market share.

LP Information, Inc. (LPI) ' newest research report, the “Winter Tire Industry Forecast” looks at past sales and reviews total world Winter Tire sales in 2024, providing a comprehensive analysis by region and market sector of projected Winter Tire sales for 2025 through 2031. With Winter Tire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Winter Tire industry.

This Insight Report provides a comprehensive analysis of the global Winter Tire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Winter Tire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Winter Tire market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Winter Tire and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Winter Tire.

This report presents a comprehensive overview, market shares, and growth opportunities of Winter Tire market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Studded
Studless

Segmentation by Application:
Passenger Tires
Light Truck/SUV Tires
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Bridgestone
Michelin
Continental
Goodyear
Nokian Tyres
Hankook
Nizhnekamskshina
Pirelli
Yokohama
Toyo Tire
Kumho Tire
JSC Cordiant
Zhongce
GITI Tire
Triangle
Apollo
Cheng Shin
Nexen Tire

Key Questions Addressed in this Report

What is the 10-year outlook for the global Winter Tire market?

What factors are driving Winter Tire market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Winter Tire market opportunities vary by end market size?

How does Winter Tire break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.