Biggest tire manufacturers by revenue worldwide 2018
This statistic shows the world's largest tire manufacturers in 2018, based on tire-related revenue. Continental's revenue from its tire division amounted to around 13 billion U.S. dollars in 2018.
The world's largest tire makers
The ranking of the world’s largest tire manufacturers is dominated by European and Asian manufacturers. Third–ranked Goodyear Tire and Rubber Co. was the key tire maker with headquarters in the United States. Since labor costs are the second largest driver of tire production costs, Asian manufacturers are able to benefit from low wages in the majority of their plants. 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 83 percent of its revenue from the tire segment. Continental was founded in 1871 as a rubber manufacturer. The company generated about 44 billion euros in revenue, and had around 243,000 employees worldwide during the 2018 fiscal year. That same year, some seven percent of Continental’s worldwide sales went to the company’s research and development division.
The world's largest tire makers
The ranking of the world’s largest tire manufacturers is dominated by European and Asian manufacturers. Third–ranked Goodyear Tire and Rubber Co. was the key tire maker with headquarters in the United States. Since labor costs are the second largest driver of tire production costs, Asian manufacturers are able to benefit from low wages in the majority of their plants. 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 83 percent of its revenue from the tire segment. Continental was founded in 1871 as a rubber manufacturer. The company generated about 44 billion euros in revenue, and had around 243,000 employees worldwide during the 2018 fiscal year. That same year, some seven percent of Continental’s worldwide sales went to the company’s research and development division.
