Bridgestone Corporation was the world's largest tire manufacturers in 2021, based on tire-related revenue. The Japanese multinational motor vehicle parts manufacturer generated nearly 30 billion U.S. dollars from its tire business in 2021.
The world's largest tire makers
Most tire manufacturers have production sites across the world, but the ranking of the world’s largest tire manufacturers includes top companies with headquarters in Japan, France, Germany, and the United States. Fourth–ranked Goodyear Tire and Rubber Co. was the key tire maker with headquarters in the United States. In terms of tire-related sales revenue, Japan's Bridgestone continues to be the main player in the tire manufacturing business, while Germany's Continental is the major player based on overall revenue. However, Continental is active in various fields, including the production of tires, brake systems, tachographs and automotive safety, while Continental’s closest rival, Bridgestone of Japan, generates around 90 percent of its revenue from the tire segment.
The world's largest tire producers in FY 2021, based on tire-related revenue
(in billion U.S. dollars)
Bridgestone: Fiscal year ended on December 31, 2021; sales revenue figure has been converted from Japanese yen to U.S. dollar at a rate of 1 JPY = 0.00821 USD (correct as of April 1, 2022).
Michelin: Fiscal year ended on December 31, 2021; sales revenue figure has been converted from euros to U.S. dollar at a rate of 1 EUR = 1.10443 USD (correct as of April 1, 2022).
Goodyear: Fiscal year ended on December 31, 2021.
Continental: Fiscal year ended on December 31, 2021; sales revenue figure includes the following segments: tires, and has been converted from euros to U.S. dollar at a rate of 1 EUR = 1.10443 USD (correct as of April 1, 2022).
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Statista. (February 20, 2023). The world's largest tire producers in FY 2021, based on tire-related revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/225677/revenue-of-the-leading-tire-producers-worldwide/
Statista. "The world's largest tire producers in FY 2021, based on tire-related revenue (in billion U.S. dollars)." Chart. February 20, 2023. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/225677/revenue-of-the-leading-tire-producers-worldwide/
Statista. (2023). The world's largest tire producers in FY 2021, based on tire-related revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/225677/revenue-of-the-leading-tire-producers-worldwide/
Statista. "The World's Largest Tire Producers in Fy 2021, Based on Tire-related Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 20 Feb 2023, https://www.statista.com/statistics/225677/revenue-of-the-leading-tire-producers-worldwide/
Statista, The world's largest tire producers in FY 2021, based on tire-related revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/225677/revenue-of-the-leading-tire-producers-worldwide/ (last visited November 04, 2024)
The world's largest tire producers in FY 2021, based on tire-related revenue (in billion U.S. dollars) [Graph], Statista, February 20, 2023. [Online]. Available: https://www.statista.com/statistics/225677/revenue-of-the-leading-tire-producers-worldwide/
