Last updated on September 10th, 2022 at 02:59 am
Here you can find the list of Top Ten Largest Tire Companies in the world Sorted out by the Market share (Global Tire Market Share (Based on Sales Figure)).
List of Top Ten Largest Tire Companies in the world
So here is the List of Top Ten Largest Tire Companies in the world which are sorted out based on the Market share in global tire Industry.
The technology leader in tires for all forms of mobility, Michelin offers services that improve transportation performance and solutions that enable customers to enjoy outstanding experiences while on the road. In addition to supporting mobility, Michelin serves future-facing markets with its unrivaled capabilities and expertise in high-tech materials.
- Market share – 15.0%
- 124 000 – PEOPLE
- 170 – COUNTRIES
2. Bridgestone Corporation
Headquartered in Tokyo, Bridgestone Corporation is a world leader in tire and rubber, evolving into a sustainable solutions company.
- Market share – 13.6%
- Headquarters: 1-1, Kyobashi 3- Chome, Chuo- ku, Tokyo 104-8340, Japan
- Established: March 1, 1931
- Founder: Shojiro Ishibashi
With a business presence in more than 150 countries worldwide, Bridgestone offers a diverse portfolio of original equipment and replacement tires, tire-centric solutions, mobility solutions, and other rubber-associated and diversified products that deliver social and customer value.
Goodyear is one of the world’s leading tire companies, with one of the most recognizable brand names. It develops, manufactures, markets and distributes tires for most applications and manufactures and markets rubber-related chemicals for various uses.
The company also has established itself as a leader in providing services, tools, analytics and products for evolving modes of transportation, including electric vehicles, autonomous vehicles and fleets of shared and connected consumer vehicles.
Goodyear was the first major tire manufacturer to offer direct-to-consumer tire sales on-line and offers a proprietary service and maintenance platform for fleets of shared passenger vehicles.
- Market share Goodyear – 7.5%
- Approximately 1,000 outlets.
- Manufactures in 46 facilities in 21 countries
It is one of the world’s largest operators of commercial truck service and tire retreading centers and offers a leading service and maintenance platform for commercial fleets.
Goodyear is annually recognized as a top place to work and is guided by its corporate responsibility framework, Goodyear Better Future, which articulates the company’s commitment to sustainability.
The company has operations in most regions of the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry
4. Continental AG
Continental AG is the parent company of the Continental Group. In addition to Continental AG, the Continental Group comprises 563 companies, including non-controlled companies.
- Market share – 6.5%
- Employees: 236386
- 561 locations
The Continental team is made up of 236,386 employees at a total of 561 locations
in the areas of production, research and development, and administration, in 58 countries and markets. Added to this are the distribution locations, with 955 company-owned tire outlets and a total of around 5,000 franchises and operations with a Continental brand presence.
With a 69% share of consolidated sales, automotive manufacturers
are our most important customer group.
List of Top Largest Tire Companies in the world by Market share (Global Tire Market Share (Based on Sales Figure))
- Michelin – 15.0%
- Bridgestone – 13.6%
- Goodyear – 7.5%
- Continental – 6.5%
- Sumitomo – 4.2%
- Hankook – 3.5%
- Pirelli – 3.2%
- Yokohama – 2.8%
- Zhongce Rubber – 2.6%
- Cheng Shin – 2.5%
- Toyo – 1.9%
- Linglong – 1.8%
- Others 35.1%
Hankook Tire & Technology
With a world-wide brand strategy and distribution network, Hankook Tire & Technology provides the world’s best products to meet the needs of our customers as well as the characteristics of each region and. Delivering the new value of driving to customers around the world, Hankook Tire & Technology is becoming the world’s beloved global top tier brand.