Market Overview

The Brazil Tire Market was valued at USD 3.3 Billion in 2025 and is projected to reach USD 4.7 Billion by 2034, exhibiting a CAGR of 4.18% during 2026-2034. Market growth is driven by increasing vehicle production, growing replacement tire demand, and expansion of electric and commercial vehicle segments. Technological advancements in eco-friendly, fuel-efficient, and durable tire innovations further strengthen the market outlook.

Study Assumption Years

• Base Year: 2025

• Historical Years: 2020-2025

• Forecast Years: 2026-2034

Brazil Tire Market Key Takeaways

• Market Size 2025: USD 3.3 Billion

• CAGR: 4.18%

• Forecast Period: 2026-2034

• Includes tires for passenger cars, LCVs, M&HCVs, and two wheelers.

• Covered tire categories include all-season, summer, and winter tires.

• Growth driven by rising car ownership, expanding automotive sector, and increasing middle-class purchasing power.

• Rising demand for radial tires due to fuel efficiency and durability supports long-term growth.

• Expansion of electric and commercial vehicle segments creates demand for specialized tire technologies.

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Brazil Tire Market Growth Factors

In Brazil, the growing production of vehicles has been contributing towards tire production. In July 2024, 246,721 vehicles were manufactured, the highest since October 2019, increasing by 16.9 percent in comparison with the previous month. In addition, production increased by 34.8 percent year-on-year from July 2023. Such increase will lead to increased growth for OEM and replacement tires.

One of the major trends in the radial tire market is its growing demand. Radial tires are more fuel efficient, and dissipate heat better than bias tires. These factors lead to the reduced running costs and tire life that have made these tires popular with both commercial and private buyers in Brazil, where fuel prices are volatile. In March 2023, CEAT Specialty and CNH Industrial entered into a partnership to provide agricultural radial tires.

The electric vehicle and the commercial vehicle markets are also projected to drive growth in the future. Electric vehicles require specialized tires due to their high torque and weight. Further, demand for commercial vehicles due to the growth of e-commerce and the logistics industry has provided a new opportunity for market growth, with manufacturers introducing more heavy-duty tire launches for trucks and buses.

Brazil Tire Market Segmentation

Design Insights

• Radial Market: Tires with perpendicular fabric layers offering durability and enhanced fuel efficiency.

• Bias Market

End Use Insights

• OEM Market

• Replacement Market

Vehicle Type Insights

• Passenger Cars

• Light Commercial Vehicles

• Medium and Heavy Commercial Vehicles

• Two Wheelers

• Three Wheelers

• Off-The-Road (OTR)

Distribution Channel Insights

• Offline

• Online

Season Insights

• All Season Tires

• Winter Tires

• Summer Tires

Regional Insights

• Southeast

• South

• Northeast

• North

• Central West

Regional Insights

Brazil's tire market spans Southeast, South, Northeast, North, and Central West regions. While specific market shares are not provided, these regions collectively form Brazil’s key automotive and tire demand centers, with Southeast holding the largest influence due to its dense population and robust automotive manufacturing base.

Recent Developments & News

• In August 2025, Brazil renewed anti-dumping duties on certain Chinese passenger car tires for five years to protect domestic manufacturers.

• In April 2025, Linglong Tire announced a USD 1.19 Billion investment in a new Brazil manufacturing plant through a joint venture with SUNSET S.A., marking one of South America’s largest Chinese automotive investments.

• In July 2024, Trelleborg Tires partnered with John Deere to distribute tires via 300+ dealerships, targeting small and medium farmers.

• Also in July 2024, SpeedMax launched Energrip tires for electric vehicles, focusing on compatibility with BYD models.

Key Players

• CEAT Specialty

• CNH Industrial

• Linglong Tire

• SUNSET S.A.

• Trelleborg Tires

• John Deere

• SpeedMax

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