Top 75 largest tire manufacturers in the world — 2025

Tire Business publication has released its 40th annual ranking of the 75 largest tire manufacturers by sales volume, and according to the results for 2024, all tires in the top 10 retained their positions, including the top six places occupied by Michelin, Bridgestone, Goodyear, Continental, Pirelli, and Sumitomo Rubber Industries, all of which reduced their revenue compared to the previous year. Companies Hankook, Yokohama, ZC Rubber, and Sailun, which occupy the 7th to 10th places, were able to increase their turnover, but this was not enough to rise in the ranking.

Michelin remains the leader of the global tire market for the sixth year in a row, and in 2024, the French company received revenue of $25.7 billion, which is 6% less compared to 2023. Despite the decline in sales, Michelin still significantly outperforms Bridgestone, which occupies the second place, with a gap of almost $900 million.

Goodyear, which is still part of the Big Three in the tire industry, reduced sales by $1.3 billion (to $17.5 billion) or 6.7%, while Continental ranks fourth with a figure of $12.5 billion, which was only slightly lower than the previous year. In fact, Continental's sales are significantly higher, but only the revenue from the tire sector is taken into account. Usually, the tire business accounts for about a third of Continental's turnover, but this will change as the ContiTech division (which produces various RTI) will be sold, and the Continental Automotive division (which produces various automotive components, including electronics) will become an independent company.

Pirelli increased its lead over Sumitomo last year, and if a year earlier their sales volumes were almost at the same level, then in 2024 the revenue of the Italian company was $7.3 billion, and the Japanese manufacturer was $6.9 billion.

The largest Chinese tire manufacturers remain ZC Rubber in ninth place and Sailun in tenth place, and last year the first company increased sales by 9% to $5.2 billion, and the second by 21% to $4.4 billion.

The most significant improvement in the ranking was shown by the Chinese company Dongying Fangxing Rubber and the Argentine company FATE, and Jiangsu General Science Technology (GS) also achieved significant success. The most noticeable decline in the list was also shown by Chinese companies: Sichuan Haida Tyre Group and Shandong Changfeng Tire.