TYRE MARKET WATCH
OE
Repl
Repl ≥ 18''
May ’25 vs May ‘24

OE
Repl
Repl ≥ 18''
May ’25 vs May ‘24

May Car Tyre Market Highlights
- Original Equipment demand trend (+3% globally YoY, +1% YtD)
- was supported by the strong growth in China (+12% YoY, +11% YtD) thanks to government stimulus, including tax incentives for NEV, while
- Europe (-1% YoY, -8% YtD) and North America (-2% YoY, -7% YtD) still weak due to the ongoing economic and geopolitical uncertainties
- Strong growth in South America (+28% YoY, +8% YtD) due to a favorable YoY comparison (May’24, -29%)
- Replacement market remains stable at global level (flat YoY, +1% YtD ), with High Value continuing to outperform Standard:
- slight decline in Europe (-2% YoY, +2% YtD) due to a weak demand on Standard, while ≥18’’ confirmed its resilience (+2% YoY, +5% YtD)
- low single-digit growth in N. America (+2% YoY, +3% YtD ), with a solid momentum in ≥18" (+6% YoY & YtD)
- slight decline in China (-1% YoY & YtD), due to weak domestic demand