Europe Racing Tires Market Size, Share & Trends Analysis Report By Tire Type (Racing Slick Tires, and Racing Treaded Tires), By Application (Auto Racing Tires, and Motorcycle Racing Tires), By Distribution Channel, By Country and Growth Forecast, 2023 - 2030

Market Report Description

The Europe Racing Tires Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030).

The Germany market dominated the Europe Racing Tires Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,271.4 Million by 2030. The UK market is exhibiting a CAGR of 3.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.4% during (2023 - 2030).

In recent years, the adoption landscape has witnessed an intriguing diversification, influenced by the rise of alternative racing formats and the intersection of motorsports with emerging technologies. The electrification of vehicles, epitomized by the growth of electric racing series like Formula E, has introduced a new dimension to the market.

Moreover, electric vehicles (EVs) present unique challenges, requiring tire manufacturers to reevaluate traditional designs and develop solutions that cater to the distinct performance characteristics of electric race cars.

The development of cutting-edge racing cars in the UK necessitates corresponding advancements in tire technology. As per the Government of the United Kingdom, more Grand Prix cars have been made in Britain than in any other country throughout the last 7 decades. Hence, growing racing car events and racing car production in Europe will assist in the growth of the regional racing tires market.

Free Valuable Insights: The Global Racing Tires Market will Hit USD 15.8 Billion by 2030, at a CAGR of 5.3%

Based on Tire Type, the market is segmented into Racing Slick Tires, and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires, and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires, and OEMs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Bridgestone Corporation
• Continental AG
• Michelin
• Hankook Tire & Technology
• Pirelli & C. S.p.A.
• The Goodyear Tire & Rubber Company
• The Yokohama Rubber Co., Ltd.
• Zhongce Rubber Group Co., Limited
• Nexen Tire
• Maxxis International USA (Cheng Shin Rubber Industry Co.)

Europe Racing Tires Market Report Segmentation

By Tire Type

• Racing Slick Tires
• Racing Treaded Tires

By Application

• Auto Racing Tires
• Motorcycle Racing Tires

By Distribution Channel

• Replacement Tires
• OEMs

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe