When it comes to the vast automotive industry, tires play a crucial role in ensuring safe and efficient transportation. With millions of vehicles traversing the globe, tire manufacturers are at the forefront of innovation and production. As of the end of 2022, the Michelin is the world's largest tire manufacturer, followed by Bridgestone (Japan), Goodyear (United States), Continental (Germany) and Sumitomo (Japan).
Here are a few notable records from the tire industry:
In 2021, Michelin ends Bridgestone's 11-year reign as world's No. 1 tire maker. Looking back, the Bridgestone Corporation (Bridgestone) was named the world’s largest tire manufacturer for the eleventh consecutive year in the 2010-2020 rankings from Tire Business, an Akron, Ohio-based trade publication.
Goodyear and Cooper Tires are two of the largest tire manufacturers in the United States, with Goodyear being the largest. Both companies have a strong presence in North America, offering a diverse range of tires to meet the different needs of consumers.
Michelin is the largest tire manufacturer in Europe, followed by Continental, which is the second-largest tire manufacturer in Europe.
Zhongce Rubber is the largest tire manufacturer in China, followed by Linglong Tire.
In 2018, Apollo Tyres Ltd overtook MRF Ltd for the first time in many years to claim the title of India’s highest-revenue tyre maker.
Let’s take a look! The top 30 tire manufacturer are ranked as follows (based on 2022 revenue):
