Top Tyre Brands in the world are important drivers of growth in the tyre industry which is estimated at 122 billion EUR. Tyre manufacturers like Bridgestone, Dick Cepek Tires and Wheels, Cooper Tire, Michelin and Firestone Tire and Rubber Company have the distinction of being the largest tire brands in terms of brand value, revenues or market cap.
Every automobile owner has to replace the tyres of his vehicle whether it is a car, light truck, racing car, SUV or motorbike at one time or another. There is a vast range of tyres available in the market and finding durable and high-performance tires suitable for specific vehicles is no doubt a challenge.
The top tire brands in the industry are those manufacturers who are offering a range of quality tyres and budget tyres to their customers without compromising on value during the development and production process. Let us go through some of the top tyre companies to learn more about their range, models and product offerings.
Table of Contents
An Overview of 10 Top Tyre Companies in the world in 2024 Based on Brand Value
1. Michelin
- Origin Country: France
- Founder: Edouard Michelin, Andre Michelin
- Founded:1889
- Headquarters: Clermont-Ferrand, France
- Employees in 2022: 124,760
- Annual Revenue in 2022: 28.152 billion USD
- Net Income in 2022: 2.176 billion USD
- Market Value in 2022: 31.126 billion USD
- Market Cap in 2022: 28.864 billion USD
- Brand Value: 7.736 Billion USD
The French manufacturing company Michelin is the top tyre brand in the world in 2024 based on brand value. The second-largest tyre manufacturer in the world owns several brands like Michelin, Camso, Bookatable, SASCAR, Uniroyal-Goodrich Tire Company and Kleber Tyres.
The brand name is synonymous with quality tyres and with 50+ tire models, 19 facilities and 68 plants have spread its product presence to 170 countries.
Michelin manufactures ultra-high-performance tires, all-season tires, all-terrain tires, mud-terrain tires and winter tires for passenger vehicles, bicycles, motorcycles, heavy-duty trucks, farm equipment, automobiles, aircraft, motorsport and space shuttles.
It is associated with several inventions like radial tyres, pneurail tyres (rubber tyred metros) and the removable tyre. The 3 new sustainable and high-performance tires for 2022 are made from synthetic rubber and the tire designed used is Velvet Sidewall.
The popular models are
- Michelin Pilot Sport 5 and Michelin Primacy 4+ tires (the latest generation of summer tires for new cars)
- Michelin Road 6 / Road 6 GT (motorcycle tire range)
- Michelin Power Cup Road (bicycle range)
2. Bridgestone
- Origin Country: Japan
- Founder: Shojiro Ishibashi
- Founded: 1931
- Headquarters: Kyobashi, Tokyo, Japan
- Employees in 2022: 143,589
- Annual Revenue in 2022: 21.698 billion USD
- Net Income in 2022: 3.323 billion USD
- Market Value in 2022: 30.968 billion USD
- Market Cap in 2022: 32.487 billion USD
- Brand Value: 7.099 Billion USD
The Japanese company Bridgestone is ranked second in the list of the top tire Companies in the world in 2024 based on brand value. The company is the largest tyre manufacturer in the world because of the purchase of Firestone Tire and Rubber Company. Bridgestone has spread its presence to 150 countries with help of 100+ tire models and 181 production plants in 24 countries.
Bridgestone operates in the worldwide market with help of Firestone Tire and Rubber Company, which it purchased in 1988. The tyre manufacturer offers commercial tyres and passenger tyres in tyre categories like fuel-efficiency, well-balanced, CUVs and SUV and LT construction etc.
Bridgestone has provided tyres for touring car racing, motorsports, motorcycling, formula racing and other sports also. Its diversified operations include industrial products, parts and materials for electric equipment, construction materials, bicycles and sporting goods.
Popular models of Bridgestone
- Bridgestone POTENZA S001
- Bridgestone TURANZA T001
- Bridgestone ECOPIA EP150
3. Continental AG
- Origin Country: Germany
- Owner: Schaeffler Group
- Founded: 1871
- Headquarters: Hanover, Germany
- Employees in 2022: 190,875
- Annual Revenue in 2022: 39.948 billion USD
- Net Income in 2022: 1.721 billion USD
- Market Value in 2022: 21.978 billion USD
- Market Cap in 2022: 26.348 billion USD
- Brand Value: 4.253 Billion USD
Continental AG is ranked third in the list of the top tire Companies in the world based on brand value. The tyre manufacturer has the distinction of having a 14.4% profit margin which is the highest amongst all the leading tire brands.
Continental is a manufacturing company of automotive parts specializing in chassis components, powertrains, brake systems and tires. It is the fourth-largest tyre manufacturer in the world and is involved in the development and production of passenger & light truck tires, motorcycle tires, commercial vehicle tires ad bicycle tires.
The German company manufactures several inventions like plain-tread tires, grooved tires and detachable wheel tires for touring vehicles.
Continental has spread its presence with the help of 59+ tire models and 13 manufacturing plants located in 12 countries. It expanded to the USA like other manufacturers with the purchase of General Tire.
Renowned clients of Continental tires include truck, car and bus producers like Ford, Porsche, Volvo, and Honda. It also sells all-season tires, touring tires, winter tires, superb high-performance tires, ultra-high-performance tires and quality tyres for SUV and medium-duty trucks.
Popular models of Continental tyres are
- ContiSportContact 5 P
- Continental LoadPower NW
- ContiCrossContact 275/50 R20 109W
4. Dunlop Tyres
- Origin Country: Ireland
- Founder: John Boyd Dunlop in Dublin, Ireland
- Founded: 1890
- Net Worth in 2022: 223 million USD
- Brand Value: 2.486 Billion USD
Dunlop Tyres is ranked fourth in the list of the top tyre Companies in the world.
The tyre company is owned by Goodyear, Continental and Sumitomo and is operated in New Zealand, Australia, Europe and North America by Goodyear, in India by Dunlop India Ltd and in several countries in Asia like Thailand, Indonesia, China, Hapan and Russia by Sumitomo Rubber Industries.
The tyre manufacturer Dunlop deals in the development and production of tyres. It was the first company to build pneumatic tires and commercialise the invention in its first factory in the UK. It also invented the first anti-lock braking device ”Maxaret”.
Dunlop Tyres has over the years been involved in quality tyres for motorsport and industrial rubber products. The top tyre manufacturer supplies a huge range of tires using full grader rubber for durability and high performance for cycles, buses, trucks, tractors, aircraft and three-wheelers.
Top Tyres from Dunlop
- Dunlop SP Sport 560 185/70 R14 88T Tubeless Car Type
- Dunlop Accelogrip XB5 Tubeless Tyre
- Dunlop Tyre 265/65 R17 Grandtrek AT 20 Tubeless
5. Goodyear Tire & Rubber Company
- Origin Country: USA
- Founder: Frank Seiberling
- Founded: 1898
- Headquarters: Akron, Ohio, USA
- Employees in 2022: 72,000
- Annual Revenue in 2022: 17.478 billion USD
- Net Income in 2022: 764 million USD
- Market Cap in 2022: 2.80 billion USD
- Brand Value: 2.293 Billion USD
The American company Goodyear Tire & Rubber Company is ranked in the list of the top tire Companies in the world based on brand value. It was the first global tyre manufacturer to enter the market in China through a manufacturing plant in 1994.
The tyre manufacturer has spread its presence to the international market with 85+ tyre models, 57 facilities in 23 countries and 1,240 Goodyear tires and auto-service centres.
The Ohio-based tyre manufacturer Goodyear Tiredeals with tyres for heavy earth-moving machinery, farm equipment, aeroplanes, motorsport, racing cars, SUVs, motorcycles, light trucks, bicycles, commercial trucks and automobiles.
Goodyear Tire & Rubber Company gained popularity because of detachable tires that required less maintenance. The American company was also the inventor of vulcanized rubber.
Goodyear sells a vast range of durable and quality tyres for example all-season tires, budget tyres, high-performance tires, winter tires, all-terrain tires, mud-terrain tires, ultra-high performance tires and touring tires in standalone Goodyear tyre shops.
Top Tyres from Goodyear Tire & Rubber Company
- Goodyear Eagle RS-A Tire
- Goodyear Wrangler SR-A Highway Tire
- Goodyear Fierce Attitude M/T Mud Tire
6. Pirelli
- Origin Country: Italy
- Founder: Giovanni Battista Pirelli
- Founded: 1872
- Headquarters: Milan, Italy
- Employees in 2022: 31,575
- Annual Revenue in 2022: 5.764 billion USD
- Net Income in 2022: 327 million USD
- Market Value in 2022: 7.306 billion USD
- Market Cap in 2022: 6.053 billion USD
- Brand Value: 1.502 Billion USD
Pirelli is ranked sixth in the list of the top tire companies in the world based on brand value.
The Italian manufacturing company has spread its presence to 160 countries with help of 19 manufacturing facilities spread across 13 countries and 14,600 retailers and distributors.
The sixth-largest tyre manufacturer Pirelli is associated with the automotive industry and deals in the distribution and production of sustainable and durable high-quality tyres with cutting-edge technology for bicycles, motorcycles and cars. Pirelli is one of the top tyre manufacturers of luxury vehicles for Ferrari, Maserati and Lamborghini.
Pirelli has a vast range of quality tyres in its portfolio for example ultra-high-performance cars, racing tyres, wet weather tyres, winter tyres, off-road tyres, gravel tyres and tyres for vans. The company is the tyre provider for Formula 1 until the 2023 season.
Top Tyres models from Pirelli
- Pirelli Diablo Supercorsa SP
- Pirelli Scorpion Trail II
- Pirelli Sportec M9 RR
7. Hankook Tire & Technology
- Origin Country: South Korea
- Founder: Cho Hong Jai
- Founded: 1941
- Headquarters: Bundang-gu, South Korea
- Employees in 2022: 21,000
- Annual Revenue in 2022: 7.142 trillion KRW
- Net Income in 2022: 499.77 million USD
- Market Cap in 2022: 3.17 billion USD
- Brand Value: 1.467 Billion USD
Hankook Tire & Technology referred to as Hankook is a South Korean company ranked in the list of the top tire companies. The manufacturer has spread its presence to 180 countries with 42+ tire models, manufacturing facilities and technical centres.
Hankook is involved in the development and production of a huge range of original equipment tires like Kinergy and Optima touring and all-season tires, Ventus line of high-performance tires and Dynapro line of mud-terrain and all-terrain for electric vehicles, cars, SUVs, light truck, truck and bus.
Hankook is one of the top tyre manufacturers that supplies tyres to automakers as original equipment tires. It is involved in the annual production of nearly 120 million tyres as well as selling brake pads, alloy wheels and batteries.
Hankook entered the motorsport by signing with FBR by supplying Hankook tires. Hankook also sponsored Chris Forsberg until the 2018 season.
Popular tyres from Hankook
- Hankook Ventus S1 Evo 3 K127
- Hankook DH31 Smartflex – TD
- Hankook iPike P265/70R18 Winter Tires
8. Yokohama
- Origin Country: Japan
- Founded: 1917
- Headquarters: Tokyo, Japan
- Employees in 2022: 5,543
- Annual Revenue in 2022: 4.895 billion USD
- Net Income in 2022: 478 million USD
- Market Value in 2022: 2.633 billion USD
- Market Cap in 2022: 2.787 billion USD
- Brand Value: 1.190 Billion USD
The Japanese company Yokohama is ranked eighth in the list of the top tire companies in the world in 2024. It was the first tyre manufacturer of snow tyres, steel radial tubeless tyres and tubeless tyres. It also manufactures winter, all-terrain, mud-terrain and high-performance tires.
Yokohama is associated with the tire industry and manufactures original equipment tires for passenger vehicles, off-the-road vehicles, vans, light trucks, buses and trucks. It also manufactures premium performance tires with ADVAN branding and BluEarth range for fuel efficiency and high performance.
Yokohama was the first Japanese manufacturer to receive an ISO9001 certificate for quality tyres.
Tyres from Yokohama
- Yokohama Tyre Earth 195/55 R16 87V Tubeless Car Tyre
- Yokohama BluEarth 185/65 R15 90V Tubeless Car Tyre, Bottom
- Yokohama S Drive 205/55R15-88V Tubeless Passenger Car Tyre
9. Toyo Tires
- Origin Country: Japan
- Founded: 1945
- Headquarters: Itami, Hyogo, Japan
- Employees in 2022: 6,000
- Net Sales in 2022: 1.626 billion EUR
- Operating Income in 2022: 189 million EUR
- Market Cap in 2022: 1.83 billion USD
- Brand Value: 907 million USD
Toyo Tires is ranked ninth in the list of the top tire companies in the world. The public company deals with rubber products and quality tyres. In 1945 the manufacturing company spread its presence to the USA market as Toyo Tire USA Corporation.
The tyre manufacturer is involved in making tires that include all-season, all-weather, competition, off-road, all-terrain, highway, winter and performance tires. It manufactures and markets synthetic resin products, industrial rubber, sporting goods, seat cushions and car tires.
The product line of Toyo Tires includes Open Country, Proxes, Extensa, Celsius, Observe, M-Line and H-Line. It offers quality tyres, durable tyres, and budget tyres.
Popular tyres include
- Toyo Proxes R39A Original Equipment of Mazda 2 / Demio
- Toyo Open Country Mud M/T Tire
- Toyo Open Country All-Terrain A/T II Tire
10. Giti Tire
- Origin Country: Singapore
- Founded: 1951
- Headquarters: Singapore
- Employees in 2022: 32,000+
- Annual Revenue in 2022: 3.1 billion USD
- Net Income in 2022: 7.27 million CNY
- Brand Value: 772 million USD
Giti Tire is ranked tenth in the list of the top tire companies in the world based on brand value and revenues.
Giti Tire has spread its presence in 130 countries with help of 70,000+ points of sales, 6 manufacturing plants, 11 offices and 5 R&D testing centres. The tyre manufacturer is involved in making tires for SUVs, cars, motorsports, buses, trucks and commercial vans.
Tyres from Giti Tire
- Giti Tire Original Equipment
- Giti Wide Base Commercial Truck Tires
- Giti Adventuro ATX All-Terrain Tire
Conclusion
Rising income in emerging economies has increased the purchase and use of vehicles and the declining prices of rubber have increased the production and development of tyres. All these factors have contributed towards higher profit margins for top tyre brands and healthy growth in the tyre industry which is a blessing for the world economy in the post-pandemic era.
What makes a tire brand stand out in the global market?
To enhance your vehicle’s performance and safety, it’s crucial to consider the seasonal conditions you frequently drive in when choosing tires. According to the Tire and Rubber Association of Canada, using the right seasonal tires can improve braking distances by up to 25% compared to all-season tires. This is especially evident in snowy or icy conditions, underlining the importance of equipping your vehicle with winter tires in appropriate climates. Understanding these distinctions can help improve your vehicle’s efficiency and performance.
An informative case study highlights Bridgestone’s innovative approach with its BS3 technology, which was launched in 2022. This advanced technology focuses on reducing rolling resistance, thus enhancing fuel efficiency, while not compromising on wet grip traction. Such breakthroughs underscore Bridgestone’s commitment to sustainability and performance, setting a benchmark in the industry. This case not only emphasizes technological advancement but also reflects on strategic steps required for maintaining competitive edges in tire manufacturing.
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Hi, I searched for the largest tyre manufacturers in the world and came across your article. I’m curious as to the basis of your top 10 rankings as it isn’t as per revenue.
Thanks
Hii. All of the rankings are a combination of revenue and brand equity. But their Brand equity is considered more. So some companies might be higher in revenue but might have lower equity.
Hi Dear!
I wonder if there is a company that manufactures tires that want to invest and start a factory in Iran or iraq.
There is a huge demand for large vehicle tires such as truck tires, bus tires, tires of construction machines. and other heavy vehicle tires.
Thanks för feedback.
Best regards
Majid
Michelin tyres is best
Bf Goodrich, Kumho and Cooper Tires, where are these brands stands at?
Hi Hitesh,
What are your thoughts on 4WD (4 Wheel Drive) tires?
There are many top brands for 4WD tires which are not in your top 10 such as Mickey Thompsons, BF Goodrich Coopers and others and some of these are listed as the best in the world according to some really well established and respected analysts.
I really enjoyed reading your reviews and would love to hear back from you on your thoughts regarding this.
Hope to hear from you shortly.
Many thanks in advance.
Kind regards.
Johnny…..
thanks
I am Mubarik Ali Bhati Jhunjhunu rajasthan all companys are different best model tyre in all model loading tyres Apollo best, passengertyre Goodyear, BRIston,ceat best, meddil tyre pickup, and passenger tyre JK Tyre, two Weller TVS TYRE, AUTO TYRE MRF BEST and many different
Thanks for your review, we are working to make Apollo stand out in the world.
#CEO-Apollo.
Dear Sir,
We are searching for Tyre 11.00 X 20 (18 PR ) . Please look into this matter ,please provide us quotations along with detailed specification ,payment term ,price validity, delivery period ,warranty period,test certificate, brand ,photo and country of origin before 14. 8.2020. Please see mentioned below. Please reply as soon as possible.
Please kindly provide us with a competitive price.
Thanks and Best Regards,
Hla Shwe.
Tyre 11.00 X 20 (18 PR ) = 100 sets.
Country of origin – VIETNAM
I believe ceat tyres have helped a lot am yet to try JK tyres too