Last Updated: 06-04-2026 | Format: PDF | Report ID:21598 | Author: Lily
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $1,400 Million |
| What is the projected market size by 2035? | $3,200 Million |
| What is the market CAGR from 2025 to 2035? | 8.6% |
| Which region dominates the market? | North America (35%) |
| Which product/service type dominates the market? | Slick Tires (38%) |
| Which application leads the market? | Formula Racing (34%) |
| Who are the major buyers? | OEM Racing Teams (46%), Wholesalers/Distributors (28%) |
| What are the key market growth drivers? | Technological advancements with manufacturers like Michelin introducing intelligent racing tires; Global surge in motorsport events and government-supported sports investments |
| What are the major market challenges? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| High production and research costs create entry barriers; Strict regulatory requirements in terms of material composition |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? | Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Continental AG, Yokohama Rubber Company, Toyo Tire Corporation, Hankook Tire & Technology, Cooper Tire & Rubber Company, Kumho Tire Co., Inc., Hoosier Racing Tire, Avon Tyres, MRF Tyres, Maxxis International, Dunlop Tyres |
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