Who Is The Largest Tire Manufacturer?

The automotive world moves a lot of money. Our ability to move freely thanks to the automobile is made possible by the automobile manufacturing industry, the ancillary industries and all the services linked to the automobile. In this post we will show you who is the largest tire manufacturer currently.

Global tire market

The global tire market is valued at around 258 billion euros, with growth of between 4 and 7% per year. It is estimated that 3 billion tires are needed every year to meet global demand.

The ratio between market volume and number of units sold would give an average price per tire sold of around 90 euros. And this figure reflects two interesting phenomena.

The first is that demand for motorcycle, moped and other tires is growing at a faster pace, and will soon surpass demand for car tires. This is due to the penetration of mopeds in all emerging countries, as opposed to cars.

And the second remarkable fact is the increasingly widespread low-cost phenomenon in the world. We have low-cost travel, consumer electronics prices are falling year after year due to lower component prices. And now, for the past few years, a world of tires in which the market share (in units sold) is being taken by Asian low-cost manufacturers.

Let’s take a look at the brand value of the main tire companies.

Tire manufacturers

Check out this 2015 chart featuring the tire market expressed in dollar volume.

Who Is The Largest Tire Manufacturer

As you can see, the largest volume players in the world are Bridgestone, Michelin, Goodyear, Continental and Pirelli.

But you can also see that the rest of the market is divided into many other brands such as the South Korean Hankook (1991), Nexen Tire Corporation (1942) or Kumho Tires (1960). Or the Taiwanese Nankang Rubber Tire Corp. (1959) and Maxxis Tyres (1969), owned by Cheng Shin Rubber Industry Co. is the ninth largest tire company in the world.

Bridgestone

Bridgestone is the main brand of the Japanese Bridgestone Corporation, founded in 1931 by Shojiro Ishibashi according to Wikipedia. It is a brand that invests a lot of money in the sponsorship of motorsports events (Formula 1 and Moto Gp).

Like other manufacturers, it has many brands of tires depending on their markets, type of vehicle and type of customers and/or uses:

  • Bridgestone is the first brand.
  • Potenza, Dayton, Saetta, Seiberling, Roundia, and Protread.
  • Bandag, DriveGuard, Blizzak, Turanza, Ecopia, Dueler and Duravis.
  • Firestone: founded in the USA in 1900, in 1988 it was acquired by the Corporation.
  • Nokian: is a Finnish brand specialized in the winter tire market.
  • Uniroyal: brand acquired by Bridgestone Australia.
  • Battlax, Battlecross, Battlecruise, or Exedra are some of its motorcycle tire brands.

Michelin

Michelin virtually leads the world tire market with Bridgestone. SCA Compagnie Générale des Établissements Michelin was founded in 1889 in France by brothers Édouard Michelin and André Michelin. Although it started out selling bicycle tires today it has a very diversified portfolio. This includes the marketing of road maps and tourist guides such as the Michelin Guide.

Michelin’s best-selling tire models are the Pilot, but it also offers the Defender series. But it also has brands such as F Goodrich 84×4), Kleber, Riken, Kormoran, Tigar or Uniroyal (Michelin US).

Goodyear

Goodyear is the main tire brand of The Goodyear Tire and Rubber Company, an American company founded in 1892 by Frank Seiberling in Akron (Ohio).

It manufactures tires for cars, trucks, airplanes, agricultural machinery, and heavy machinery.

In addition to the Goodyear brand, it has other brands such as Dunlop, Sava, Fulda, Debica, Douglas, Kelly, Fierce and Lee.

Its most popular tires are Goodyear Vector 4Seasons, Eagle F1, EfficientGrip Performance. It also owns the SoundComfort technology to reduce the noise level inside the car.

Continental

Finally, in Europe we have the German company Continental-Caoutchouc- und Gutta-Percha Compagnie founded in 1871, today Continental AG, which emerged to meet the demand for bicycle tires in its early years. In 1882 it adopted the piaffe horse as its logo, and has not abandoned it since.

It has tires for all types of vehicles, including motorcycles and bicycles. And its more than 1,000 engineers design all kinds of solutions for the automobile, beyond the tire, for safety and comfort.

Continental tires are the main brand, but the company also has other well-known brands such as Barum, Semperit or Uniroyal.

Its best known models are the AllSeasonContact, EcoContact, SportContact, PremiumContact, ContiSportContact, ContiEcoContact or ContiPremiumContact series.

Pirelli

Pirelli & C. S.p.A. is a Milan-based, Chinese-owned Italian company founded in 1872 by Giovanni Battista Pirelli.

Pirelli has been the exclusive tire supplier to the Formula One World Championship since 2011 and until the end of the 2023 season.

Pirelli has launched innovations such as Run Flat ™ and Seal Inside ™ tires that allow cars to continue driving after a puncture. Or the noise reduction system Pirelli Noise Canceling System.

In addition to its racing tires, it is known for the Pirelli calendar, originating in 1964 characterized by the sensuality of its sensual poses of actresses and models.

FAQS

Who Is The Largest Tire Manufacturer In the United States?

Goodyear

The origin of this company dates back to 1892 in the United States. Its name comes from the inventor of rubber vulcanization, who was Charles Goodyear. It is a clear winner by having a total revenue of $15.37 billion in 2018.

Goodyear tires have been very popular in Formula 1, as for years they supplied teams such as Ferrari, McLaren, and others.

What Company Manufactures The Most Tires?

Contrary to what it might seem, the company that manufactures the most tires worldwide is the Lego Group, yes, Lego, the Danish toy manufacturer.

The Danish company Lego, which until 1949 only manufactured wooden toys, annually produces some 381 million tires of various sizes, ranging from tires barely more than one centimeter in diameter to somewhat larger ones exceeding 10 centimeters.

Lego tires are largely responsible for the company’s success and have been marketed with its products since 1962.

Have Tires Always Been Black?

The first tires were not black, due to the very nature of rubber, which is light in color. The problem was that they got very dirty and were not very resistant. So, over time, carbon black was added, which, in addition to darkening the tire, made them more durable.

What Are Tires Made Of?

A single tire is made up of about 200 different types of components, each with its own characteristic properties, and more than 30 different types of rubber.

How Much Do The Largest Tires Weigh?

The largest tires in the world weigh more than 5,000 kg: they are those used on huge mining trucks and can reach a height of up to 4 meters. Each of them can support a weight of up to 100 tons.

How Much Do Tires Affect Fuel Consumption?

Tires ‘consume’ fuel, and not a little. In the movement of a vehicle, there are multiple resistance forces that increase the vehicle’s energy consumption by between 20% and 35%.

What Is Done With Used Tires?

In Spain, as in many other countries, all end-of-life tires (ELT) are reused or recycled to control their environmental impact.

What Do The Tire Numbers Mean?

These codes specify tire dimensions and some of their key limitations, such as load capacity or maximum speed. Over time they have become increasingly complex to the point of indicating data such as traction, wear or temperature of use.

Do Tires Accumulate Static Electricity?

Yes, this happens when a lot of silicon oxide is used in their manufacture, as this reduces the level of connectivity. To avoid this, they usually use a thin strip of rubber (zebra stripe) on the tread to improve conductivity.