Global Tire Report 2025: Staying on top but in a lower gear

Despite year-on-year declines in revenue, Michelin, Bridgestone, Goodyear, Continental, Pirelli and Sumitomo Rubber Industries all retained their respective positions in this year’s Global Tire Report Top 75 rankings.

Stability also characterised the remainder for the top 10, where Hankook Tire & Technology, Yokohama Rubber Co., Zhongce Rubber Group. (ZC Rubber) and Sailun Group, all grew sales but not by enough to break into the long-established top set.

Further down the table, 26 companies moved up in the rankings, three of them by nine spots or more. Others lost ground in while a couple of new companies joined the list.

Group Michelin remained the top tire maker for the sixth year in a row. The Clermont-Ferrand, France-based company generated $25.7 billion in estimated fiscal 2024 tire sales, which fell by $1.6 billion or 6% from 2023.

Even with that decline, Michelin’s annual sales level was still large enough to keep it nearly $900 million ahead of second-placed Bridgestone Corp; the Tokyo-based tire maker generating estimated sales of $24.8 billion.

Goodyear remained third with $17.5 billion in tire sales. Like Michelin, Goodyear reported a hefty drop in sales — $1.3 billion or 6.7%.

Continental was fourth with $12.5 billion in tire sales, just a bit lower than the figure recorded last year.

Traditionally, Continental has made less than a third of its revenue from tires, but that will change after the company’s decision to sell its $6. billion ContiTech business sector and spin off its $21 billion automotive unit.

In fifth spot, Pirelli extended its lead over no. 6 Sumitomo, after the companies’ tire sales were nearly even in last year’s rankings. Pirelli had sales of $7.3 billion in 2024, compared with Sumitomo’s $6.9 billion.

Read the full Global Tire Report 2025 here