Top 10 Tire Companies in the World

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Tire? According to the Oxford dictionary: a tire is “the thick rubber ring that fits around the outside of a wheel”. Because of tires, your vehicle can go from point A to Point B, the road to point B may not be that good enough so you must choose the best tires for your vehicle.

Here, we have listed the top 10 tyre brands in the world so you can choose the best brands for your vehicle.

Top 10 Tire Companies in the World

  1. BRIDGESTONE
Top 10 tire companies in the world

Bridgestone Tire Co., Ltd was established in the city of Kurume in Japan. The Bridgestone Group has about 181 manufacturing plants and R&D facilities around the world and sells products in more than 150 countries worldwide. Bridgestone is the largest tire manufacturer in the world.

In 2020 Bridgestone generated over 27 Billion US Dollars from its tire business with a 13.6% global market share based on its sales data. Bridgestone tires have a great reputation worldwide.

Shuichi Ishibashi is the CEO of Bridgestone Corporation.

  1. MICHELIN

The Michelin Group is headquartered in Clermont-Ferrand, France. Founded in 1889, the Michelin Group sells tyres to over 170 countries. Michelin Group manufactures tyres for Aircraft, Automobiles, motorcycles, bicycles, and also for space shuttles.

In 2020 Michelin generated over 24 Billion US Dollars, hereby giving tough competition to Bridgestone Company.

Florent Menegaux is the Chief Executive Officer at Michelin.

  1. CONTINENTAL

Continental is a German multinational automotive parts manufacturing company established in 1871 in Hanover, Germany. Continental sells tires for automobiles, motorcycles, and bicycles worldwide under the Continental brand.

Currently Continental has 13 manufacturing plants in 12 countries. Continental claims almost every third car in Europe is delivered with tires from Continental.

In 2020 Continental generated over 12 Billion US Dollars.

Nikolai Setzer is the Chief Executive Officer at Continental.

  1. GOODYEAR

The Goodyear Tire and Rubber Company is an American multinational company founded in 1898 and based in Akron, Ohio. Goodyear manufactures tires for automobiles, bicycles, motorcycles, commercial trucks, light trucks, SUVs, race cars, airplanes, farm equipment, and heavy earth-moving machinery. Goodyear is one of the top 4 tire manufacturers along with Bridgestone, Michelin, and Continental.

In 2020 Goodyear generated over 12 Billion US Dollars.

Rich Kramer is Chairman, Chief Executive Officer and President of The Goodyear Tire & Rubber Company

  1. SUMITOMO RUBBER INDUSTRIES

Heard this name ever before? Sumitomo Rubber Industries is the parent company of Dunlop and Falken tyres like Alphabet is the parent company of Google and Meta is the parent company of Facebook, Instagram, and WhatsApp.

The company was founded in 1909 in Japan. Sumitomo Rubber Industries has around 69 subsidiary companies and Dunlop and Falken are its Flagship brands.

In Falken tyres, the company uses NEO-T01 which is the next-generation tyre manufacturing system, which offers ultra-high precision to create next-generation tyres. Falken was launched in 1983 in Japan.

Satoru Yamamoto is the President and CEO of the company.

  1. PIRELLI

Pirelli is an Italian tire manufacturer founded on January 28, 1872, in Milan, Italy. Pirelli is the 6th Largest tire manufacturer in the world and is focused on the consumer production of tyres for cars, motorcycles, and bicycles. Pirelli is operating in over 160 countries and has 19 manufacturing plants in 13 countries around the world

Pirelli has been sponsoring sports competitions since 1907 and their tyres can be seen in Formula 1 racing competitions. Pirelli tires are one of the finest quality tires mostly targeting the premium segment market.

Marco Tronchetti Provera is the CEO of Pirelli Company.

  1. Hankook Tire & Technology Co., Ltd

Hankook Tire company was founded in 1941 in South Korea, headquartered in Pangyo, on the outskirts of Seoul. It was established by Jae Hun Chung’s grandfather in 1941 under the name of “The Chosun Tire Company” and then the company changed its name to Hankook in 1968.

Hankook is the 7th largest tire manufacturing company available in 180 countries and produces 120 million high-quality tires per annum and has manufacturing facilities in South Korea, the People’s Republic of China, Hungary, Indonesia, and the United States.

Hyunbum Cho is the current CEO of Hankook & Co.

  1. YOKOHAMA RUBBER COMPANY

Yokohama is another renowned Japanese tire company. The 8th largest tire manufacturing company was founded on October 13, 1917, in a joint venture between Yokohama Cable Manufacturing and B.F. Goodrich. In 1969, the company expanded to the United States as Yokohama Tire Corporation.

Yokohama was the first Japanese tire manufacturer to be granted ISO9001 certification in recognition of a quality-assurance model company in design, development, manufacture installation, and related services. From 2015 to 2020, Yokohama was the main sponsor of Premier League football club Chelsea.

Yokohama’s Advan Series tires is their flagship tyre.

Jeff Barna is the CEO of Yokohama Tire Corp.

  1. Hangzhou Zhongce Rubber Co., Ltd

Hangzhou Zhongce Rubber Co., Ltd is China’s largest tyre manufacturing company and is the 9th largest in the world. The company was established as Hangzhou Rubber Factory in 1958 in China. The parent company has 5 main brands which are “Chaoyang, Goodride, Arisun, Tarzano, and Westlake. In 2011 Hangzhou Zhongce Rubber Company was the tenth largest tire maker in the world with $4.26 billion in sales and now stands at No 9th position.

Chaoyang, Goodride and Tarzano tyres are very popular outside China, especially in India and Europe. Westlake is their most popular product and is preferred in the Chinese truck tires category.

Jinrong Shen is Chairman of Hangzhou Zhongce Rubber Co Ltd.

  1. Cheng Shin Rubber Industry Co.

Cheng Shin Rubber Industry Co. is the 10th largest tyre producing company in the world. Maxxis tires and CST tires are wholly owned subsidiaries of the Cheng Shin Rubber Industry. Established in 1967 in Taiwan the company began producing bicycle tires. Maxxis tires are their flagship and most revenue-generating product. Maxxis also produces tires for motorcycles, cars, vans, trucks, and agricultural vehicles.

Maxxis tires are distributed in more than 170 countries and are thoroughly tested in their own facilities and at the world’s leading tire test centers.

The company is committed to delivering high-quality tires to the world at affordable prices, and for that high-quality tires, Maxxis utilize the most advanced manufacturing equipment and engineering facilities in the industry, with a stringent professional evaluation before producing every new tire.

Tsai Jen Lo. is the Chairman of Cheng Shin Rubber Industry Co.

These are the top 10 tire companies in the world of which 3 are a Japanese companies and only 1 American company.