Top 17 World’s Biggest Tire Corporations in 2024
Top 17 World’s Biggest Tire Corporations in 2024
Top 17 World’s Biggest Tire Corporations in 2024- Based on the annual report of
company in 2024, there are 17 World’s Biggest Tire Corporations. These corporations
have billions of US Dollar revenues and net income as well as total assets.
Statistically, some people in the world may know these tire corporations
or probably still use these tire products.
Principally, tires are devices that cover the
wheels. Tires are an indispensable part of vehicles (cars,
motorcycle, or bicycle) and are used to reduce vibration caused by road surface
irregularities, protect the vehicle from damage, and provide stability between
the vehicle and the ground to increase acceleration and movement. Most tires
that exist today, especially those used for vehicles, are manufactured from
synthetic rubber, although it can also be used from other materials such as
steel.
In 2024, there are 17 world’s biggest tire corporations and
commonly we know these corporations because we usually used their products.
Here are the 17 world’s biggest tire corporations based on the net income that
they earned in 2024. Overall, this data of revenue and income of each company
was obtained from the income statement of the annual report of the company in
2024. Basically, the annual report is a published report of a company that
usually describes the business, financial, and operational performance in the
specific year annually.
The Rank of 17 World’s Biggest Tire Corporations According to Net Income in 2024
|
Rank |
Name of Tire Corporations |
Total Revenue |
Total Revenue |
Net Income |
Net Income |
|
Origin Currency |
US Dollar |
Origin Currency |
US Dollar |
||
|
1 |
Michelin |
EUR 27.1 billion |
USD 29.8 billion |
EUR 1.89 billion |
USD 2 billion |
|
2 |
Bridgestone |
JPY 4.43 trillion |
USD 31 billion |
JPY 284 billion |
USD 1.98 billion |
|
3 |
Continental |
EUR 39.7 billion |
USD 43.6 billion |
EUR 1.16 billion |
USD 1.27 billion |
|
4 |
Hankook |
KRW 9.4 trillion |
USD 6.84 billion |
KRW 1.76 trillion |
USD 1.2 billion |
|
5 |
Sailun
Group |
RMB 31.6 billion |
USD 4.4 billion |
RMB 4 billion |
USD 0.56 billion |
|
6 |
Pirelli |
EUR 6.77 billion |
USD 7.4 billion |
EUR 0.5 billion |
USD 0.55 billion |
|
7 |
Toyo
Tires |
JPY 565 billion |
USD 3.95 billion |
JPY 74.8 billion |
USD 0.52 billion |
|
8 |
Yokohama |
JPY 1,094 billion |
USD 7.65 billion |
JPY 74.9 billion |
USD 0.52 billion |
|
9 |
Shandong
Linglong Tyre |
RMB 21.9 billion |
USD 3 billion |
RMB 1.75 billion |
USD 0.24 billion |
|
10 |
MRF |
24,986 Rs Crores |
USD 2.9 billion |
2,040 Rs Crores |
USD 0.24 billion |
|
11 |
Apollo |
INR 253 billion |
USD 3 billion |
INR 17.2 billion |
USD 0.2 billion |
|
12 |
Triangle
Tyre Co |
RMB 10 billion |
USD 1.4 billion |
RMB 1.1 billion |
USD 0.15 billion |
|
13 |
Goodyear |
USD 18.8 billion |
USD 18.8 billion |
USD 0.070 billion |
USD 0.070 billion |
|
14 |
Sumitomo
Tires |
JPY 1.21 trillion |
USD 8.4 billion |
JPY 9.86 billion |
USD 0.069 billion |
|
15 |
Giti |
RMB 4.1 billion |
USD 0.57 billion |
RMB 183 million |
USD 0.025 billion |
|
16 |
Cheng
Shin Rubber |
TWD 96.2 billion |
USD 0.07 billion |
TWD 8 billion |
USD 0.005 billion |
|
17 |
Nokian
Tyres |
EUR 1.28 billion |
USD 1.4 billion |
(EUR -22.8 million) |
(USD -25 million) |
|
Source:
Annual Report, 2024 |
|||||
|
Origin
Currency: Currency officially Used at the Annual Report |
|||||
|
US
Dollar: Converted Currency from Origin Currency into US Dollar |
|||||
|
Currency
Rate: |
|||||
|
|
1
Japanese Yen (JPY) = 0.007 US Dollar (USD) |
||||
|
|
1
Euro (EUR) = 1.1 US Dollar (USD) |
||||
|
|
1
Korean Won (KRW)= 0.00073 US Dollar (USD) |
||||
|
|
1
Rupee India (INR) = 0.012 US Dollar (USD) |
||||
|
|
1
Rs Crores = 10 million Indian Rupee |
||||
|
|
1
Taiwan Dollar (TWD) = 0.031 US Dollar (USD) |
||||
|
|
1
Renminbi (RMB) = 0.14 US Dollar (USD) |
||||
As additional data, we also add some data related to the
company’s financial position. These data are total assets and total liabilities
from each company, and it shows what company owns (total assets) and what
company owes (total liabilities). Commonly, these indicators can be found in
the balance sheet of the annual report. Here are the 17 world’s biggest tire corporations
based on their total assets.
The Rank of 17 World’s Biggest Tire Corporations According to Total Assets in 2024
|
Rank |
Name of Tire Corporations |
Total Assets |
Total Assets |
Total Liabilities |
Total Liabilities |
|
Origin Currency |
US Dollar |
Origin Currency |
US Dollar |
||
|
1 |
Michelin |
EUR 37.3 billion |
USD 41 billion |
EUR 18.7 billion |
USD 20.57 billion |
|
2 |
Continental |
EUR 36.9 billion |
USD 40.5 billion |
EUR 22.1 billion |
USD 24.3 billion |
|
3 |
Bridgestone |
JPY 5,723 billion |
USD 40 billion |
JPY 1,937 billion |
USD 13.5 billion |
|
4 |
Goodyear |
USD 20.9 billion |
USD 20.9 billion |
USD 16 billion |
USD 16 billion |
|
5 |
Pirelli |
EUR 13.6 billion |
USD 14.96 billion |
EUR 7.7 billion |
USD 8.47 billion |
|
6 |
Yokohama |
JPY 1.73 trillion |
USD 12.1 billion |
JPY 0.831 trillion |
USD 5.8 billion |
|
7 |
Hankook |
KRW 15.8 trillion |
USD 11.5 billion |
KRW 4.6 trillion |
USD 3.35 billion |
|
8 |
Sumitomo Tires |
JPY 1.34 trillion |
USD 9.38 billion |
JPY 0.665 billion |
USD 4.6 billion |
|
9 |
Shandong Linglong Tyre |
RMB 47 billion |
USD 6.58 billion |
RMB 24.3 billion |
USD 3.4 billion |
|
10 |
Sailun Group |
RMB 40.2 billion |
USD 5.62 billion |
RMB 19.5 billion |
USD 2.73 billion |
|
11 |
Toyo Tires |
JPY 722 billion |
USD 5 billion |
JPY 250 billion |
USD 1.7 billion |
|
12 |
Apollo |
INR 269 billion |
USD 3.2 billion |
INR 130 billion |
USD 1.5 billion |
|
13 |
MRF |
26,414 RS Crores |
USD 3.1 billion |
9974 Rs Crores |
USD 1.2 Billion |
|
14 |
Triangle Tyre Co. Ltd. |
RMB 19.2 billion |
USD 2.68 billion |
RMB 5.54 billion |
USD 0.77 billion |
|
15 |
Nokian Tyres |
EUR 2.4 billion |
USD 2.64 billion |
EUR 1.1 billion |
USD 1.21 billion |
|
16 |
Giti |
RMB 3.88 billion |
USD 0.54 billion |
RMB 1.83 billion |
USD 0.25 billion |
|
17 |
Cheng Shin Rubber |
TWD 146 billion |
USD 0.1 billion |
TWD 55.8 billion |
USD 0.04 billion |
|
Source: Annual Report,
2024 |
|||||
|
Origin Currency:
Currency officially Used at the Annual Report |
|||||
|
US Dollar: Converted
Currency from Origin Currency into US Dollar |
|||||
|
Currency Rate: |
|||||
|
|
1 Japanese Yen (JPY) =
0.0068 US Dollar (USD) |
||||
|
|
1 Euro (EUR) = 1.1 US
Dollar (USD) |
||||
|
|
1 Korean Won (KRW)=
0.00074 US Dollar (USD) |
||||
|
|
1 Rupee India (INR) =
0.012 US Dollar (USD) |
||||
|
|
1 Rs Crores = 10 million
Indian Rupee (INR) |
||||
|
|
1 Taiwan Dollar (TWD) =
0.031 US Dollar (USD) |
||||
|
|
1 Renminbi (RMB) = 0.14
US Dollar (USD) |
||||
Brief Description of 17 World’s Biggest Tire Corporations in 2024
1.Continental
Historically, Continental was founded
in Hanover in 1871 as the stock corporation “Continental-Caoutchouc-
und Gutta-Percha Compagnie”. Operationally, this company has a
main factory in Hannover, Lower Saxony which makes some tire products including
soft rubber products, rubberized fabrics, and solid tires for carriages and
bicycles. Furthermore, in terms of workforce, Continental has employed around
200,000 people located in 56 countries and markets.
As of 2024, Continental is one of the
top 5 automotive suppliers worldwide and operates numerous tire manufacturing
facilities with a strong market presence in Europe, North America, and Asia.
Along with the development of the company's business, these corporations have
some products of tires. Some of the brand tires of continental are Uniroyal,
Semperit, Barum, General Tire, Viking, Gislaved, Mabor, Matador and Sportiva brands.
Financially, according to its annual
report in 2024, Continental was the German-based tires company with
a total asset of EUR 36.9 billion or equivalent to USD 40.5 billion with
total liabilities of around EUR 22.1 billion or equivalent to USD 24.3 billion.
Based on the business performance in 2024, Continental successfully generated
total revenue of EUR 39.7 billion or equivalent to USD 43.6 billion
and successfully gained performance with net income of EUR 1.16
billion or equivalent with USD 1.27 billion.
2. Bridgestone
Bridgestone Corporation is one of the biggest manufacturers
of tires in the world. Historically, this company was founded by Shojiro
Ishibashi in 1931 with the name of Bridgestone Tire Co in the city of Kurume,
Fukuoka Prefecture, Japan. Along with the development of the company, this
company has 130 manufacturing plants and R&D Facilities spreading out the
nations and has produced many tire products including passenger car tires,
truck and bus tires, specialties tires (off-the-road mining and construction vehicle,
aircraft, agricultural machinery, motorcycle). With employees of more than 121
thousand people, this company still moves forward with innovative products.
Operationally, based on the product, this company markets some tire products
with distinct brands, namely Ecopia, Turanza, Potenza, Dueler, Blizzak,
Battlax and other tire brands.
Financially, in 2024, based on the annual report,
Bridgestone successfully generated total revenue of JPY 4.43 trillion
or equivalent to USD 31 billion and successfully gained positive
net income reaching JPY 284 billion or equivalent to USD 1.98 billion. In
terms of financial position from the balance sheet of the annual
report in 2024, total assets of Bridgestone reached JPY 5,723 billion or
equivalent to USD 40 billion with total liabilities of around JPY 1,937 billion
or equivalent to USD 13.5 billion.
3.Michelin
Michelin is a global tire company from Clermont-Ferrand, France. Historically, this company was founded by Édouard Michelin and André Michelin on May 26th, 1889. Along with the business development of the company, Michelin has 83 tire production sites in 26 countries, 45 polymer composite solutions production plants and commercial offices in 170 countries, with total employees around the world reaching 129 thousand people.
Financially in 2024, Michelin still had
a positive performance which gained total revenue of EUR 27.1 billion or
equivalent with USD 29.8 billion and net income of EUR
1.89 billion or equivalent with USD 2 billion. In terms of financial
position, Michelin has total assets of around EUR 37.3 billion or equivalent to
USD 41 billion with total liabilities of around EUR 18.7 billion or
equivalent to USD 20.57 billion.
4.Goodyear
The Goodyear Tire & Rubber Company is an
American-based Tire company. Historically, this company was founded on
August 29th, 1898, by Frank Seiberling. The name comes from Charles Goodyear,
the creator of vulcanized rubber. Today, this company still has a
central office in Akron, Ohio, United States of America
(USA). Currently, as of 2024, Goodyear company has
employed approximately 68,000 full-time and temporary associates worldwide.
Along with the business development of the company, Goodyear has several brands
of tires. These brands include Goodyear, Cooper, Dunlop, Kelly,
Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon and
Remington brands and various “house” brands. Furthermore, Goodyear also
owned the selling rights of the Dunlop brand in Europe, North
America, and Oceania.
Financially, according to its annual report in 2024, Goodyear successfully generated total revenue of USD 18.8 billion and successfully gained net income of USD 0.070 billion. In terms of financial position, Goodyear in the year 2024 has total assets of around USD 20.9 billion and total liabilities of around USD 16 billion.
5.Pirelli
Pirelli & C. S.p.A.is one of the world’s biggest tire
manufacturers based in Milan, Italy. Historically, this company was founded by
Giovanni Battista Pirelli in 1872. Along with the development of the company,
Pirelli has around 18 production plants in 12 Countries, a commercial presence
in over 160 countries, and employs about 31,100 people. Today, structurally,
based on ownership, ChemChina still has the highest proportion of share with
37% share ownership, Investitori istituzionali italiani with 29.7% share and
Marco Tronchetti Provera with 22 % share.
Financially, in 2024, Pirelli
successfully generated total revenue of EUR 6.77 billion or
equivalent to USD 7.4 billion and net income of EUR 0.5 billion or equivalent
to USD 0.55 billion. In terms of financial position, Pirelli has total assets
of around EUR 13.6 billion or equivalent to USD 14.96 billion and
total liabilities of around EUR 7.7 billion or equivalent to USD 8.47
billion.
6.Sumitomo Tires
Sumitomo Rubber Industries, Ltd is
Japanese-based rubber. Along with the development of the company, this company
has 81,288 employees and has branches in 125
locations spread out in 64 countries and regions. In 1963, the
Sumitomo Group officially acquired Dunlop Japan and changed its name to
Sumitomo Rubber Industries Ltd. In Asia, Africa, and Latin America, Sumitomo
Rubber holds the rights to the Dunlop brand. In addition, Sumitomo Tires has
managed the production, marketing, and distribution of some tire
brands including Falken, and Ohtsu tires.
Financially in the year 2024, Sumitomo
Rubber successfully gained total revenue of around JPY 1.21 trillion or
equivalent to USD 8.4 billion and net income of JPY 9.86 billion or equivalent
with USD 0.069 billion. In terms of financial position, total assets of
Sumitomo Rubber reached JPY 1.34 trillion or equivalent to USD 9.38 billion
with total liabilities of around JPY 0.665 billion or equivalent to USD 4.6
billion.
7.Yokohama
Yokohama Rubber Company is another biggest tire company from Japan. Historically, this company was founded on October 13th, 1917, and still has a central office in Tokyo, Japan. Operationally, Yokohama Rubber Company has employed 34,198 people and has operations in 39 countries and 200 sites. Furthermore, as of 2024, some of the tire brands from Yokohama Rubber Company are Yokohama, Advan, BluEarth, Geolandar, IceGuard, Parada, PRGR, S. drive, Alliance, Galaxy, and Primex.
Financially, in 2024, based on the annual report,
the Yokohama Rubber successfully generated total revenue of JPY 1,094
billion or equivalent to USD 7.65 billion and net income of JPY 74.9 billion or
equivalent to USD 0.52 billion. In terms of financial position, total assets of
Yokohama Rubber in 2024 reached JPY 1.73 trillion or equivalent to USD 12.1
billion and total liabilities of around JPY 0.831 trillion or equivalent to USD
5.8 billion.
8.Cheng Shin Rubber
Cheng Shin Rubber Ind. CO., LTD. has primary offices in
Tatsun Hsiang, Changhua, Taiwan. Specifically, Cheng Shin Rubber has managed
some well-known tire brands, including Maxxis and CST. Commonly, one of the
brands namely “Maxxis” is popularly used in bicycle
tires. As of 2024, Maxxis distributes its products in more than 180 countries
and has operations in Asia, North America, South America, Europe, Africa, and
Australia, employing more than 30,000 people.
Financially, in 2024, Cheng Shin Rubber could generate total revenue of TWD 96.2 billion or equivalent to USD 0.07 billion and net income of TWD 8 billion or equivalent to USD 0.005 billion. In terms of financial position, Chen Shin Rubber has total assets of around TWD 146 billion or equivalent to USD 0.1 billion with total liabilities of around TWD 55.8 billion or equivalent to USD 0.04 billion.
9.Toyo Tires
Toyo Tire Corporation has a primary office in
Itami, Hyogo, Japan. Historically, this company was established on August 1st,
1945. Today, the company has around 12 thousand employees. Operationally, toyo
Tire has manufacturing tires in four countries, namely Japan, the US, China,
and Malaysia. Commoly, some tire brands sold by Toyo Tires are Toyo,
Nitto, and Silverstone.
Financially, according to its annual report of 2024, the
Toyo Tire Corporation successfully generates total revenue of JPY 565 billion
or equivalent to USD 3.95 billion and net income of JPY 74.8 billion or
equivalent to USD 0.52 billion. In terms of financial position, total assets of
Toyo Tire Corporation reached JPY 722 billion or equivalent to USD 5 billion
with total liabilities of around JPY 250 billion or equivalent to USD 1.7
billion.
10. Apollo Tyres Limited
Apollo Tyres Limited is an Indian tyre manufacturing
company headquartered in Gurugram, Haryana. Historically, this company was
established in 1972. Along with development of company business, Apollo has 7
Manufacturing locations across India and Europe, 2 Global R&D centers, and
served more than 100 countries. To date, the total number of employees reaches
18,734 people. As of 2025, Apollo Tyres Limited has some tire brands
including Apollo Tyres and Vredestein.
Financially, according to its annual report of 2024,Apollo successfully generated
INR 253 billion or equivalent to USD 3 billion and its net income reached INR
17.2 billion or equivalent to USD 0.2 billion. In terms of financial position,
total assets of Apollo Tyres Limited reached INR 269 billion or equivalent to
USD 3.2 billion with total liabilities of around INR 130 billion or equivalent
to USD 1.5 billion.
11.Hankook
Hankook Tire & Technology Group is a South Korean tire manufacturer headquartered in Seoul. Historically, this company was founded by Jae Hun Chung in 1941. Today, along with the development of the company, Hankook has 5 regional headquarters/divisions, 5 R&D Centers, 30 Sales Subsidiaries & Offices, 8 production facilities in Korea (2), China (3), USA, Hungary, and Indonesia. Globally, the total employee of a company reaches 20 thousand people. As of 2024, Hankook Tire & Technology produces 100 million high-quality tires per annum and is distributed to 160 countries throughout the world. In addition, this company employs over 20,000 people. In the tire industry, Hankook produced some different tires with different sub-brands, including iON (dedicated EV tires), Ventus (premium tires), Dynapro (SUV tires), Kinergy (comfort tires), Vantra (van tires), Winter i*cept (winter tires), and Smart (truck and bus tires).
Financially, according to its annual report in 2024,
Hankook successfully generated total revenue of KRW 9.4 trillion or
equivalent to USD 6.84 billion and net income reaching KRW 1.76 trillion or
equivalent to USD 1.2 billion. Furthermore, related to financial position,
total assets of Hankook Tire reached KRW 15.8 trillion or equivalent to USD
11.5 billion and total liabilities of around KRW 4.6 trillion or equivalent to
USD 3.35 billion.
12.Nokian Tyres
Nokian Tyres plc is a company
headquartered in Nokia, Finland and has been established since 1898. Basically,
this company produces tires for cars, trucks, buses, and heavy-duty equipment
with main brands namely Nokian Tyres and Nordman.
As of 2025, this company operates in over 60 countries around the world with
4,700 employees.
Financially, in 2024, this Nokian Tyres
successfully generated total revenue of EUR 1.28 billion or
equivalent to USD 1.4 billion but suffered net loss of EUR -22.8 million or
equivalent with USD -25 million. In terms of financial position, Nokian Tyres
has total assets of EUR 2.4 billion or equivalent to USD 2.64 billion with
total liabilities of around EUR 1.1 billion or equivalent to USD 1.21 billion.
13. MRF
Madras Rubber Factory (MRF) is an Indian multinational tire
manufacturing company Headquartered in Chennai, Tamil Nadu, India.
Historically, this company was founded by K. M. Mammen Mappillai in 1946. As of
2024, along with the development of the company, the total employee of the
company reaches 16,194 people.
Financially, in 2024, based on the annual report, MRF
successfully generated total revenue of 24,986 Rs Crores or
equivalent to USD 2.9 billion and net income reached 2,040 Rs Crores
or equivalent to USD 0.24 billion. In terms of financial position, total assets
of Madras Rubber Factory (MRF) in 2024 reached 26,414 RS Crores or equivalent
to USD 3.1 billion and total liabilities of around 9974 Rs Crores or equivalent
to USD 1.2 billion.
14. Shandong Linglong
Tyre
Founded in 1975, Shandong Linglong Tyre Co., Ltd. is a specialized and large-scale technology-oriented tire manufacturer with some tire products including Passenger Car Tire, SUV Tire Winter, Tire Truck & Bus Tire, and Specialty Tire. As of the tire company, Shandong Linglong tyre has 7 R&D centers located in Zhaoyuan, Yantai, Shanghai, Jinan, Beijing, the United States, and Germany. Along with business development, Shandong Linglong has sold its products to 173 countries worldwide, with more than 100,000 marketing outlets in the world.
Financially according to its annual report in 2024, Shandong
Linglong Tyre has total assets of RMB 47 billion or equivalent to USD
6.58 billion with total liabilities of around RMB 24.3 billion or equivalent to
USD 3.4 billion. In terms of business performance in 2024, Shandong Linglong
successfully gained total revenue of around RMB 21.9 billion or equivalent to
USD 3 billion with net income of around RMB 1.75 billion or equivalent to USD
0.24 billion.
15. Sailun Group
Founded in November 2002,
Sailun Tire is a leading global tire manufacturer headquartered in Shibei
District, Qingdao, China. Sailun operates tire manufacturing plants in Qingdao,
Dongying, Shenyang, and Vietnam. Furthermore, the sales networks and logistics
centers are established in Canada, Germany, and other regions to serve global
markets. Annually, Sailun produces over 26.6 million TBR tires, 88 million PCR
tires, and 310,000 tons of OTR tires, selling products in more than 180
countries across Europe, Americas, Asia, and Africa. Specifically, in the tire
industry, some tire brands sold by Sailun Group are ERANGE EV,
Blackhawk, Rovelo, RoadX, and Maxam.
Financially, according to its annual report in 2024, Sailun Group has total assets of around RMB 40.2 billion or equivalent to USD 5.62 billion with total liabilities of around RMB 19.5 billion or equivalent to USD 2.73 billion. In terms of business performance, Sailun Group successfully gained total revenue of around RMB 31.6 billion or equivalent to USD 4.4 billion with net income of around RMB 4 billion or equivalent to USD 0.56 billion.
16. Triangle Tyre Co. Ltd.
Founded by the Weihai
government in 1976, Triangle Group produces tires for various vehicles,
including passenger cars and construction equipment, under the Triangle and DIAMONDBACK brands.
Operationally, Triangle Group still has a central office in Weihai, Shandong,
China. As of 2024, Triangle Group has manufacturing plant located
in Huasheng Plant (specializing in the production of passenger
vehicle tires and giant tires, radial tires engineering), Huamao Plant
(specializing in the production of commercial vehicle tires), Huayang Plant
(specializing in the production of high-performance tires for passenger cars
and SUVs), Huada Plant (specializing in tire retreading), Huaxin Plant
(specializing in bias tire engineering).
In terms of financial aspects, Triangle Tyre has total
assets of RMB 19.2 billion or equivalent to USD 2.68 billion with total
liabilities of around RMB 5.54 billion or equivalent to USD 0.77 billion.
Related to business performance, Triangle Tyre successfully gained a total
revenue of RMB 10 billion or equivalent to USD 1.4 billion and net income RMB
1.1 billion or equivalent to USD 0.15 billion.
17. Giti
Giti is A Singapore-Based Global Tire Company and Giti Tire offers some tires and exports to over 130 countries. As of business development, Giti has 5 Manufacturing Plants located in China, Indonesia, and the U.S.A. and R&D and Tire Testing Centers located in China, the U.S., Germany, Indonesia. As of 2025, Giti has employed 30,000 worldwide.
Financially, in the year 2024 according to the annual
report, Giti has total assets of around RMB 3.88 billion or equivalent to USD
0.54 billion with total liabilities of around RMB 1.83 billion or equivalent to
USD 0.25 billion. In terms of business performance in 2024, Giti successfully
gained total revenue of around RMB 4.1 billion or equivalent to USD 0.57
billion with net income of around RMB 183 million or equivalent to
USD 0.025 billion.
The Summary of 17 World's Biggest Tire Corporations Based on Total Assets in 2024
The Summary of 17 World's Biggest Tire Corporations Based on Net Income in 2024
Bibliography of 17 World’s Biggest Tire Corporations in 2024
Michelin. 2025. Annual
Report 2024. Accessed via https://www.michelin.com/en/investors/presentation-events/results-sales on December 25th,
2025.
Continental. 2025. Annual
Report 2024. Accessed via https://www.continental.com/en/investors/reports-presentations/ on December 25th, 2025.
Bridgestone. 2025. Annual
Report 2024. Accessed https://www.bridgestone.com/ir/ via on December
25th, 2025.
Goodyear. 2025. Annual
Report 2024. Accessed via https://corporate.goodyear.com/us/en/investors/reports-and-filings/annual-reports.html on December 25th, 2025.
Pirelli. 2025. Annual
Report 2024. Accessed via https://corporate.pirelli.com/corporate/en-ww/investors/financial-publications/financial-reports on December 25th, 2025.
Yokohama. 2025. Annual
Report 2024. Accessed via https://www.y-yokohama.com/global/ir/library/areport/ on December 25th, 2025.
Hankook. 2025. Annual
Report 2024. Accessed via https://www.hankooktire.com/global/en/investors/financial-reports/annual-reports.html on December 25th,
2025.
Sumitomo Tires. 2025.
Annual Report 2024. Accessed via https://www.sumitomocorp.com/en/jp/ir on December 25th, 2025.
Shandong Linglong Tyre.
2025. Annual Report 2024. Accessed via https://www.wsj.com/market-data/quotes/CN/XSHG/601966/financials on December 25th, 2025.
Sailun Group. 2025. Annual
Report 2024. Accessed via https://www.wsj.com/market-data/quotes/CN/XSHG/601058/financials on December 25th, 2025.
Toyo Tires. 2025. Annual
Report 2024. Accessed via https://www.toyotires-global.com/ir/library/release/ on December 25th, 2025.
Apollo. 2025. Annual
Report 2024. Accessed via https://corporate.apollotyres.com/investors/financial-reporting/#?activeTab=Annual_Report on December 25th, 2025.
MRF. 2025. Annual Report
2024. Accessed via December 25th, 2025.
Triangle Tyre Co. Ltd.
2025. Annual Report 2024. Accessed via https://www.wsj.com/market-data/quotes/CN/XSHG/601163/financials on December 25th,
2025.
Nokian Tyres. 2025. Annual
Report 2024. Accessed via https://company.nokiantyres.com/investors/reports-and-presentations/ on December 25th,
2025.
Giti. 2025. Annual Report
2024. Accessed via https://www.giti.com/investors on December 25th, 2025.
Cheng Shin Rubber. 2025.
Annual Report 2024. Accessed via https://www.wsj.com/market-data/quotes/TW/XTAI/2105/financials on December 25th, 2025.





















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